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Operating margin at other companies

Royalty Pharma logo
Royalty PharmaRPRX
59.6%-20.2pp
Roivant Sciences logo
Roivant SciencesROIV
-9,130.5%-13,995pp
Relay Therapeutics, Inc. logo
Relay Therapeutics, Inc.RLAY
-2,999.4%-637pp
Ionis Pharmaceuticals logo
Ionis PharmaceuticalsIONS
-68%-234pp
Innoviva, Inc. logo
Innoviva, Inc.INVA
36.9%-10.7pp
Rigel Pharmaceuticals logo
Rigel PharmaceuticalsRIGL
41.6%+19.9pp

Other financials

Income statement

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Revenue$63.7M+33.7%
Operating income$8.6M+1.7%
Net income$48.5M+901%
EPS (diluted)$2.22+825%

Balance sheet

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Cash & equivalents$1.0B+1,388%
Total debt$1.1B+19,605%
Total equity$967.5M+16.9%
Total assets$2.2B+130%

Cash flow

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Operating cash flow$24.0M+52.0%
CapEx$26.0K-87.9%
Free cash flow$24.0M+53.9%

Valuation

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Market cap$6.06B+119%
Enterprise value$6.19B+129%
P/E30.8×
P/S20.9×+6.1×

Profitability

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Gross margin91.9%
Net margin67.9%+49.4pp
FCF margin45.2%+16.7pp

Returns & leverage

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Return on equity22%+16.9pp
Debt / equity1.2×+1.2×
Current ratio31.2×+25.7×

Where this comes from

Calculated from Ligand Pharmaceuticals’s reported figures.

Based on trailing twelve months.

The source filing: Ligand Pharmaceuticals’s 10-Q, filed August 7, 2026. Open the filing →

Filed
Aug 7, 2026, 4:06 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000886163-26-000044

FAQ

What is Ligand Pharmaceuticals's operating margin?
Ligand Pharmaceuticals (LGND) reported operating margin of 32.6% in Q2 2026.
How has Ligand Pharmaceuticals's operating margin changed year-over-year?
Ligand Pharmaceuticals's operating margin increased by 278.5% year-over-year, from -18.3% to 32.6%.
What is the long-term trend for Ligand Pharmaceuticals's operating margin?
Over 3 years (2020 to 2025), Ligand Pharmaceuticals's operating margin has grown at a -8.7% compound annual growth rate (CAGR), from 20.1% to 15.3%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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