What does gross margin mean?

Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.

Ligand Pharmaceuticals LGND Gross margin

Discontinued — last reported Q3 '19

Gross margin at other companies

LQD

Liquidia CorporationLQDA

58.1%-18.7pp

BridgeBio PharmaBBIO

95.1%-0.2pp

Ionis PharmaceuticalsIONS

98.4%-0.2pp

ALN

Alnylam PharmaceuticalsALNY

81%-5.3pp

Bristol-Myers SquibbBMY

70.5%0.0pp

AbbVieABBV

70.7%0.0pp

Other financials

Income statement

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Revenue$51.7M+14.1%

Operating income$17.4M+148%

Net income-$13.3M+68.6%

EPS (diluted)-$0.67+69.7%

Balance sheet

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Cash & equivalents$115.1M+140%

Total debt$5.1M+14.2%

Total equity$997.3M+25.4%

Total assets$1.5B+69.2%

Cash flow

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Operating cash flow$48.7M+291%

CapEx$228.0K+6.5%

Free cash flow$48.5M+289%

Valuation

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Market cap$5.51B+96.7%

Enterprise value$5.4B+95.4%

P/E35.9×—

P/S20.1×+4.6×

Profitability

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Operating margin34.5%+23.0pp

Net margin55.9%+35.7pp

FCF margin44.8%+16.8pp

Returns & leverage

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Return on equity17.1%+11.5pp

Debt / equity0×0.0×

Current ratio21.3×+16.0×

Where this comes from

Calculated from Ligand Pharmaceuticals’s reported figures.

gross profit/total revenue=91.9%

Based on trailing twelve months.

The official record: Ligand Pharmaceuticals’s 10-Q, filed November 6, 2020, on SEC EDGAR. View the filing →

Questions, answered.

What does gross margin mean?: Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.