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Moderna MRNA EBITDA margin

EBITDA margin at other companies

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25.3%
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-52.3%-88.7pp
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22%+18.5pp
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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$21.5B+107%
Enterprise value$21.01B+113%
P/S9.7×+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
Debt / equity0.2×+0.1×
Current ratio2.3×-1.6×

Where this comes from

Calculated from Moderna’s reported figures.

Based on trailing twelve months.

The source filing: Moderna’s 10-Q, filed May 1, 2026. Open the filing →

Filed
May 1, 2026, 4:10 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001682852-26-000060

FAQ

What is Moderna's EBITDA margin?
Moderna (MRNA) reported EBITDA margin of -142.8% in Q1 2026.
How has Moderna's EBITDA margin changed year-over-year?
Moderna's EBITDA margin decreased by 28.3% year-over-year, from -111.3% to -142.8%.
What is the long-term trend for Moderna's EBITDA margin?
Over 5 years (2020 to 2025), Moderna's EBITDA margin has grown at a 10.0% compound annual growth rate (CAGR), from -91.3% to -147.1%.
What does EBITDA margin mean?
EBITDA (earnings before interest, taxes, depreciation, and amortization) as a percentage of revenue, trailing twelve months. A proxy for cash operating profitability that strips out capital-structure and non-cash charges.

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