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%-0.1pp	75.7%-0.4pp	75.2%-0.3pp	75.4%-0.1pp	75.6%+0.5pp
Net margin	14.3%-0.8pp	13.6%-3.3pp	16%-0.8pp	15.3%+3.3pp	15.1%+3.0pp
EBITDA margin	27%+0.1pp	26.2%-2.4pp	28.5%+0.1pp	27.4%+5.8pp	26.9%+5.9pp
Free cash flow margin	24.4%-0.4pp	20.7%-7.4pp	22.9%+2.1pp	19.8%+3.1pp	24.8%+9.9pp
Returns
Return on equity	8%-1.2pp	7.7%-2.7pp	9.3%-1.2pp	9.1%+1.5pp	9.2%+1.1pp
Return on assets	4.9%-0.5pp	4.7%-1.3pp	5.6%-0.1pp	5.6%+1.1pp	5.4%+0.9pp
Return on invested capital	7.8%-0.4pp	7%-1.5pp	8.8%-0.3pp	8%+1.2pp	8.1%+1.2pp
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×-3.6×	20.1×-6.2×	19.4×-11.8×	18.8×-8.0×	22.6×-12.6×
Liquidity
Current ratio	3.1×+1.6×	2.7×+1.3×	2.7×+1.5×	2.5×+0.2×	1.4×-0.7×
Quick ratio	3×+1.6×	2.6×+1.3×	2.7×+1.4×	2.5×+0.2×	1.4×-0.6×
Cash ratio	1.1×+0.6×	0.9×+0.5×	1.2×+0.9×	0.9×+0.3×	0.5×+0.2×
Leverage
Debt-to-equity	0.4×+0.1×	0.4×0.0×	0.4×+0.1×	0.4×0.0×	0.3×-0.2×
Debt-to-assets	0.2×0.0×	0.2×0.0×	0.2×+0.1×	0.2×0.0×	0.2×-0.1×
Net debt / EBITDA	1.2×+0.3×	1.4×-0.2×	1×-0.2×	1.4×-0.9×	0.9×-1.9×
Per Share
Book value per share	$125.69+8.5%	$124.11+8.3%	$123.78+10.5%	$120.20+10.4%	$115.82+11.1%
Valuation
Market capitalization	$26.91B+34.3%	$25.82B+15.9%	$20.54B-27.3%	$18.51B-45.2%	$20.03B-36.1%
Enterprise value	$30.08B+34.9%	$29.47B+10.7%	$23.27B-26.0%	$22.34B-42.0%	$22.3B-39.7%
Price / earnings	18.9×+5.4×	19.2×+5.6×	12.8×-4.7×	12.1×-17.0×	13.5×-13.3×
Price / sales	2.7×+0.7×	2.6×+0.3×	2×-0.9×	1.9×-1.6×	2×-1.2×
Price / book	1.4×+0.3×	1.4×+0.1×	1.1×-0.6×	1×-1.1×	1.2×-0.9×
EV / EBITDA	11.2×+2.8×	11.4×+1.8×	8.1×-3.4×	8.2×-10.3×	8.4×-9.7×
EV / sales	3×+0.8×	3×+0.2×	2.3×-1.0×	2.2×-1.7×	2.3×-1.6×
Free cash flow yield	9%-3.2pp	7.9%-4.3pp	11.2%+4.1pp	10.7%+5.9pp	12.2%+7.6pp
Earnings yield	5.3%-2.1pp	5.2%-2.1pp	7.8%+2.1pp	8.3%+4.8pp	7.4%+3.7pp

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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.