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Moderna MRNA Debt-to-equity

Debt-to-equity at other companies

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0.7×0.0×
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1.5×
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0.2×-0.9×
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3.7×
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0.0×
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0.0×

Other financials

Income statement

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Revenue$145.0M+2.1%
Gross profit$52.0M+126%
Operating income-$815.0M+10.1%
Net income-$782.0M+5.2%
EPS (diluted)-$1.97+7.5%

Balance sheet

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Cash & equivalents$1.7B+34.5%
Total debt$1.2B+60.8%
Total equity$6.8B-28.1%
Total assets$11.0B-8.7%

Cash flow

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Operating cash flow-$526.0M+42.8%
CapEx$37.0M+1,133%
Free cash flow-$563.0M+38.9%

Valuation

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Market cap$21.75B+102%
Enterprise value$21.26B+108%
P/S9.8×+6.3×

Profitability

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Gross margin23.4%-29.1pp
Operating margin-149%+99.9pp
Net margin-141.4%+141pp
FCF margin-132.4%

Returns & leverage

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Return on equity-39%+28.0pp
Current ratio2.3×-1.6×

Where this comes from

Calculated from Moderna’s reported figures.

Based on the most recent quarter.

The source filing: Moderna’s 8-K, filed July 31, 2026. Open the filing →

Filed
Jul 31, 2026, 7:03 AM EDT
Accession
0001682852-26-000147

FAQ

What is Moderna's debt-to-equity?
Moderna (MRNA) reported debt-to-equity of 0.2× in Q2 2026.
How has Moderna's debt-to-equity changed year-over-year?
Moderna's debt-to-equity increased by 123.6% year-over-year, from 0.1× to 0.2×.
What is the long-term trend for Moderna's debt-to-equity?
Over 5 years (2020 to 2025), Moderna's debt-to-equity has grown at a 8.5% compound annual growth rate (CAGR), from 0.1× to 0.2×.
What does debt-to-equity mean?
Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.

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