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Exelixis EXEL Free cash flow margin

Free cash flow margin at other companies

Eli Lilly logo
Eli LillyLLY
16.4%+8.7pp
Pfizer logo
PfizerPFE
18%+8.8pp
Incyte logo
IncyteINCY
28.2%+19.7pp
Ionis Pharmaceuticals logo
Ionis PharmaceuticalsIONS
-77.4%+35.3pp
BridgeBio Pharma logo
BridgeBio PharmaBBIO
-76.8%
Neurocrine Biosciences logo
Neurocrine BiosciencesNBIX
26.8%+6.4pp

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

Returns & leverage

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Return on equity41%+10.8pp
Debt / equity0.1×0.0×
Current ratio3.3×-0.2×

Where this comes from

Calculated from Exelixis’s reported figures.

Based on trailing twelve months.

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 free cash flow margin?
Exelixis (EXEL) reported free cash flow margin of 38.6% in Q1 2026.
How has Exelixis's free cash flow margin changed year-over-year?
Exelixis's free cash flow margin increased by 8.2% year-over-year, from 35.7% to 38.6%.
What is the long-term trend for Exelixis's free cash flow margin?
Over 5 years (2020 to 2025), Exelixis's free cash flow margin has grown at a 15.9% compound annual growth rate (CAGR), from 18.1% to 37.7%.
What does free cash flow margin mean?
How much real, spendable cash each sales dollar generates after reinvestment.
How do you interpret free cash flow margin?
A high and rising FCF margin is the hallmark of a cash-generative business. Persistent gaps between net margin and FCF margin warrant a look at working capital or capital intensity.
How does free cash flow margin compare across companies?
Strong cross-company quality signal; capital-light compounders post structurally higher FCF margins than asset-heavy peers.