What are Biogen's profit margins?

Biogen (BIIB) runs a 75.5% gross margin and a 22.9% operating margin, with a 14.3% net margin.

Where do Biogen's ratios come from?

Every ratio is computed from Biogen's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Biogen BIIB Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Gross margin	75.5%-0.2pp	75.7%+0.5pp	75.2%-0.2pp	75.4%-0.1pp	75.6%-0.5pp
Net margin	14.3%+0.7pp	13.6%-2.4pp	16%+0.7pp	15.3%+0.2pp	15.1%-1.8pp
EBITDA margin	27%+0.8pp	26.2%-2.3pp	28.5%+1.1pp	27.4%+0.4pp	26.9%-1.7pp
Free cash flow margin	24.4%+3.6pp	20.7%-2.2pp	22.9%+3.1pp	19.8%-5.0pp	24.8%-3.3pp
Returns
Return on equity	8%+0.3pp	7.7%-1.6pp	9.3%+0.2pp	9.1%-0.1pp	9.2%-1.2pp
Return on assets	4.9%+0.3pp	4.7%-0.9pp	5.6%0.0pp	5.6%+0.1pp	5.4%-0.5pp
Return on invested capital	7.8%+0.8pp	7%-1.8pp	8.8%+0.7pp	8%-0.1pp	8.1%-0.4pp
Efficiency
Asset turnover	0.3×0.0×	0.3×0.0×	0.4×0.0×	0.4×0.0×	0.4×0.0×
Inventory turnover	19×-1.1×	20.1×+0.7×	19.4×+0.7×	18.8×-3.8×	22.6×-3.7×
Liquidity
Current ratio	3.1×+0.4×	2.7×0.0×	2.7×+0.2×	2.5×+1.1×	1.4×+0.1×
Quick ratio	3×+0.4×	2.6×0.0×	2.7×+0.2×	2.5×+1.0×	1.4×+0.1×
Cash ratio	1.1×+0.2×	0.9×-0.3×	1.2×+0.3×	0.9×+0.4×	0.5×+0.1×
Leverage
Debt-to-equity	0.4×0.0×	0.4×0.0×	0.4×0.0×	0.4×+0.1×	0.3×-0.1×
Debt-to-assets	0.2×0.0×	0.2×0.0×	0.2×0.0×	0.2×+0.1×	0.2×-0.1×
Net debt / EBITDA	1.2×-0.2×	1.4×+0.5×	1×-0.5×	1.4×+0.5×	0.9×-0.7×
Per Share
Book value per share	$125.69+1.3%	$124.11+0.3%	$123.78+3.0%	$120.20+3.8%	$115.82+1.1%
Valuation
Market capitalization	$26.91B+4.2%	$25.82B+25.7%	$20.54B+11.0%	$18.51B-7.6%	$20.03B-10.1%
Enterprise value	$30.08B+2.1%	$29.47B+26.7%	$23.27B+4.1%	$22.34B+0.2%	$22.3B-16.2%
Price / earnings	18.9×-0.3×	19.2×+6.5×	12.8×+0.7×	12.1×-1.4×	13.5×-0.1×
Price / sales	2.7×+0.1×	2.6×+0.6×	2×+0.2×	1.9×-0.2×	2×-0.3×
Price / book	1.4×0.0×	1.4×+0.3×	1.1×+0.1×	1×-0.1×	1.2×-0.2×
EV / EBITDA	11.2×-0.2×	11.4×+3.3×	8.1×-0.1×	8.2×-0.3×	8.4×-1.2×
EV / sales	3×0.0×	3×+0.7×	2.3×+0.1×	2.2×0.0×	2.3×-0.5×
Free cash flow yield	9%+1.1pp	7.9%-3.3pp	11.2%+0.5pp	10.7%-1.5pp	12.2%0.0pp
Earnings yield	5.3%+0.1pp	5.2%-2.6pp	7.8%-0.4pp	8.3%+0.9pp	7.4%+0.1pp

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Questions, answered.

What are Biogen's profit margins?: Biogen (BIIB) runs a 75.5% gross margin and a 22.9% operating margin, with a 14.3% net margin.
Where do Biogen's ratios come from?: Every ratio is computed from Biogen's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.