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Exelixis EXEL Current ratio

Current ratio at other companies

Eli Lilly logo
Eli LillyLLY
1.5×+0.1×
Pfizer logo
PfizerPFE
1.2×0.0×
Summit Therapeutics logo
Summit TherapeuticsSMMT
7.4×-3.2×
Incyte logo
IncyteINCY
3.7×+1.6×
Ionis Pharmaceuticals logo
Ionis PharmaceuticalsIONS
4.1×-5.6×
BridgeBio Pharma logo
BridgeBio PharmaBBIO
1.5×-3.0×

Other financials

Income statement

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Revenue$610.8M+10.0%
Gross profit$590.9M+10.2%
Operating income$251.3M+34.5%
Net income$210.5M+31.9%
EPS (diluted)$0.79+43.6%

Balance sheet

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Cash & equivalents$226.2M+23.1%
Total debt$169.5M-9.4%
Total equity$1.9B-9.2%
Total assets$2.6B-8.6%

Cash flow

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Operating cash flow$251.8M+19.1%
CapEx$1.5M-48.9%
Free cash flow$250.3M+20.1%

Valuation

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Market cap$13.05B+10.1%
Enterprise value$12.99B+9.5%
P/E15.7×-2.8×
P/S5.5×+0.3×

Profitability

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Gross margin96.4%-0.3pp
Operating margin39.4%+6.3pp
Net margin35.1%+7.1pp
FCF margin38.6%+2.9pp

Returns & leverage

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Return on equity41%+10.8pp
Debt / equity0.1×0.0×

Where this comes from

Calculated from Exelixis’s reported figures.

Based on the most recent quarter.

The official record: Exelixis’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Exelixis's current ratio?
Exelixis (EXEL) reported current ratio of 3.3× in Q1 2026.
How has Exelixis's current ratio changed year-over-year?
Exelixis's current ratio decreased by 6.9% year-over-year, from 3.5× to 3.3×.
What is the long-term trend for Exelixis's current ratio?
Over 5 years (2020 to 2025), Exelixis's current ratio has grown at a -12.8% compound annual growth rate (CAGR), from 7.1× to 3.6×.
What does current ratio mean?
Whether the company has enough short-term assets to cover its short-term bills.
How do you interpret current ratio?
Above 1.0 means short-term assets cover short-term liabilities. Very high values can signal idle cash or bloated inventory/receivables rather than strength — there's a healthy middle, not 'more is better'.
How does current ratio compare across companies?
Comparable within an industry. Working-capital-light businesses can operate safely below 1.0 by collecting before they pay.