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Exelixis EXEL Net margin

Net margin at other companies

Eli Lilly logo
Eli LillyLLY
35%+12.3pp
Pfizer logo
PfizerPFE
15.7%
Summit Therapeutics logo
Summit TherapeuticsSMMT
-271,685%-275,966pp
Incyte logo
IncyteINCY
26.7%+26.2pp
Ionis Pharmaceuticals logo
Ionis PharmaceuticalsIONS
-30.9%-10.5pp
BridgeBio Pharma logo
BridgeBio PharmaBBIO
-125.9%-54.5pp

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
FCF margin38.6%+2.9pp

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 net margin?
Exelixis (EXEL) reported net margin of 35.1% in Q1 2026.
How has Exelixis's net margin changed year-over-year?
Exelixis's net margin increased by 25.3% year-over-year, from 28% to 35.1%.
What is the long-term trend for Exelixis's net margin?
Over 4 years (2020 to 2025), Exelixis's net margin has grown at a 31.4% compound annual growth rate (CAGR), from 11.3% to 33.7%.
What does net margin mean?
The share of every sales dollar that becomes bottom-line profit.
How do you interpret net margin?
Higher is better, but net margin mixes operating performance with financing and tax effects and one-off items — read it alongside operating margin to separate the operating story from the rest.
How does net margin compare across companies?
Comparable across peers but sensitive to leverage and tax structure; two operationally identical firms can show different net margins purely from financing.