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Biogen BIIB Return on equity

Return on equity at other companies

Neurocrine Biosciences logo
Neurocrine BiosciencesNBIX
22.5%+10.1pp
Eli Lilly logo
Eli LillyLLY
107.6%+29.9pp
Royalty Pharma logo
Royalty PharmaRPRX
8.4%-2.7pp
Bristol-Myers Squibb logo
Bristol-Myers SquibbBMY
38.8%+7.3pp
Amgen logo
AmgenAMGN
101.3%-4.4pp
Incyte logo
IncyteINCY
30.8%+30.4pp

Other financials

Income statement

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Revenue$2.5B+1.9%
Gross profit$1.8B+0.8%
Net income$319.5M+32.9%
EPS (diluted)$2.15+31.1%

Balance sheet

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Cash & equivalents$3.4B+30.2%
Total debt$6.6B+34.7%
Total equity$18.7B+9.9%
Total assets$29.5B+5.2%

Cash flow

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Operating cash flow$645.5M+149%
CapEx$51.2M+38.0%
Free cash flow$594.3M+167%

Valuation

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Market cap$29.33B+34.3%
Enterprise value$32.51B+34.9%
P/E20.6×+5.9×
P/S+0.7×

Profitability

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Gross margin75.5%-0.1pp
Operating margin22.9%
Net margin14.3%-0.8pp

Returns & leverage

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Debt / equity0.4×+0.1×
Current ratio3.1×+1.6×

Where this comes from

Calculated from Biogen’s reported figures.

Based on trailing twelve months.

The official record: Biogen’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Biogen's return on equity?
Biogen (BIIB) reported return on equity of 8% in Q1 2026.
How has Biogen's return on equity changed year-over-year?
Biogen's return on equity decreased by 13.2% year-over-year, from 9.2% to 8%.
What is the long-term trend for Biogen's return on equity?
Over 4 years (2021 to 2025), Biogen's return on equity has grown at a -16.4% compound annual growth rate (CAGR), from 72.3% to 35.3%.
What does return on equity mean?
How much profit the company earns on the money shareholders have invested.
How do you interpret return on equity?
Higher is better, but very high ROE can be manufactured by leverage — a thin equity base inflates the ratio. Read it next to debt-to-equity and ROIC to tell genuine returns from balance-sheet engineering.
How does return on equity compare across companies?
Comparable across peers, with the leverage caveat. Negative or near-zero equity makes ROE meaningless, so it is suppressed there.