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Moderna MRNA Earnings yield

Earnings yield at other companies

Pfizer logo
PfizerPFE
6.8%
ALN
Alnylam PharmaceuticalsALNY
1.1%+0.8pp
Roivant Sciences logo
Roivant SciencesROIV
-5.4%-5.8pp
Biogen logo
BiogenBIIB
5.3%-2.1pp
Merck & Co. logo
Merck & Co.MRK
3%-4.7pp
Johnson & Johnson logo
Johnson & JohnsonJNJ
3.6%-1.9pp

Other financials

Income statement

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Revenue$389.0M+260%
Gross profit-$566.0M-3,244%
Operating income-$1.4B-32.2%
Net income-$1.3B-38.3%
EPS (diluted)-$3.40-34.9%

Balance sheet

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Cash & equivalents$1.9B+17.4%
Total debt$1.3B+71.9%
Total equity$7.4B-26.4%
Total assets$11.5B-9.6%

Cash flow

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Operating cash flow-$630.0M+39.3%
CapEx$62.0M-47.0%
Free cash flow-$692.0M+40.0%

Valuation

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Market cap$25.38B+83.8%
Enterprise value$24.8B+93.6%
P/S11.4×+7.1×

Profitability

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Gross margin22.1%-32.0pp
Operating margin-153.3%+67.8pp
Net margin-143.6%+80.2pp

Returns & leverage

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Return on equity-36.6%+11.9pp
Debt / equity0.2×+0.1×
Current ratio2.4×-1.8×

Where this comes from

Calculated from Moderna’s reported figures.

Based on trailing twelve months.

The official record: Moderna’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Moderna's earnings yield?
Moderna (MRNA) reported earnings yield of -15.9% in Q1 2026.
How has Moderna's earnings yield changed year-over-year?
Moderna's earnings yield increased by 48.2% year-over-year, from -30.6% to -15.9%.
What is the long-term trend for Moderna's earnings yield?
Over 4 years (2021 to 2025), Moderna's earnings yield has grown at a 52.4% compound annual growth rate (CAGR), from 21.2% to -114.1%.
What does earnings yield mean?
The company's annual profit as a percentage of its market price — the flip side of the P/E.
How do you interpret earnings yield?
Higher means more earnings per dollar invested. Easy to compare directly against bond yields to judge the relative attractiveness of equity.
How does earnings yield compare across companies?
Comparable across profitable companies and against fixed-income yields; undefined when earnings are negative.