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EBIT at other companies

Pfizer logo
PfizerPFE
ALN
Alnylam PharmaceuticalsALNY
Merck & Co. logo
Merck & Co.MRK
Johnson & Johnson logo
Johnson & JohnsonJNJ
Gilead Sciences logo
Gilead SciencesGILD
Krystal Biotech, Inc. logo
Krystal Biotech, Inc.KRYS

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+39.2%
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
FCF margin-132.4%

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.

Plus components not separately reported this period.

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 EBIT?
Moderna (MRNA) reported EBIT of -$1.39B in Q1 2026.
How has Moderna's EBIT changed year-over-year?
Moderna's EBIT decreased by 32.2% year-over-year, from -$1.05B to -$1.39B.
What is the long-term trend for Moderna's EBIT?
Over 4 years (2021 to 2025), Moderna's EBIT has grown at a -30.7% compound annual growth rate (CAGR), from $13.3B to -$3.07B.
What does EBIT mean?
Profit before interest and taxes — the business's core earning power.
How do you interpret EBIT?
Higher is better. Because it adds back interest, EBIT compares earning power across firms with very different debt loads — the base for interest coverage and the EV/EBIT multiple. For filers reporting operating income it equals that line, excluding non-operating swings.
How does EBIT compare across companies?
Comparable across companies regardless of leverage or tax domicile; the standard 'earning power' line for cross-company analysis. Least meaningful for banks and insurers.