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Price / sales at other companies

Eli Lilly logo
Eli LillyLLY
11.4×-3.8×
Pfizer logo
PfizerPFE
2.5×+0.2×
Arrowhead Research logo
Arrowhead ResearchARWR
14.1×+10.9×
ALN
Alnylam PharmaceuticalsALNY
10.2×-4.6×
BridgeBio Pharma logo
BridgeBio PharmaBBIO
24.8×-26.8×
Neurocrine Biosciences logo
Neurocrine BiosciencesNBIX
4.3×-0.3×

Other financials

Income statement

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Revenue$246.1M+87.0%
Gross profit$243.1M+86.8%
Operating income-$117.4M+20.0%
Net income-$92.5M+37.0%
EPS (diluted)-$0.56+39.8%

Balance sheet

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Cash & equivalents$173.4M-34.4%
Total debt$691.7M+334%
Total equity$491.4M+3.3%
Total assets$3.4B+22.6%

Cash flow

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Operating cash flow-$792.8M-426%
CapEx$21.8M+73.0%
Free cash flow-$814.6M-399%

Valuation

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Market cap$12.25B+159%
Enterprise value$12.77B+175%

Profitability

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Gross margin98.4%-0.2pp
Operating margin-33.3%-11.0pp
Net margin-30.9%-10.5pp
FCF margin-77.4%+35.3pp

Returns & leverage

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Return on equity-67.6%-20.3pp
Debt / equity1.4×+1.1×
Current ratio4.1×-5.6×

Where this comes from

Calculated from Ionis Pharmaceuticals’s reported figures.

Based on the most recent quarter.

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

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Questions, answered.

What is Ionis Pharmaceuticals's price / sales?
Ionis Pharmaceuticals (IONS) reported price / sales of 11.7× in Q1 2026.
How has Ionis Pharmaceuticals's price / sales changed year-over-year?
Ionis Pharmaceuticals's price / sales increased by 75.3% year-over-year, from 6.7× to 11.7×.
What is the long-term trend for Ionis Pharmaceuticals's price / sales?
Over 5 years (2020 to 2025), Ionis Pharmaceuticals's price / sales has grown at a 4.5% compound annual growth rate (CAGR), from 10.9× to 13.6×.
What does price / sales mean?
How many dollars investors pay for each dollar of the company's annual sales.
How do you interpret price / sales?
Useful when earnings are negative or volatile (e.g. early-stage or cyclical firms). Only comparable across companies with similar margins — a sales dollar is worth more at a high-margin business.
How does price / sales compare across companies?
Best compared within a margin cohort; a software P/S and a retailer P/S are not directly comparable.