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Moderna MRNA Enterprise value

Enterprise value at other companies

Pfizer logo
PfizerPFE
$222.4B+9.2%
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NovavaxNVAX
$1.39B+68.6%
ALN
Alnylam PharmaceuticalsALNY
$38.74B-6.7%
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Ultragenyx PharmaceuticalRARE
$1.83B-51.1%
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Roivant SciencesROIV
$18.51B+157%
Vaxcyte, Inc. logo
Vaxcyte, Inc.PCVX
$8.22B+78.6%

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%
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
Debt / equity0.2×+0.1×
Current ratio2.3×-1.6×

Where this comes from

Calculated from Moderna’s reported figures.

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 enterprise value?
Moderna (MRNA) reported enterprise value of $27.3B in Q2 2026.
How has Moderna's enterprise value changed year-over-year?
Moderna's enterprise value increased by 177.1% year-over-year, from $9.85B to $27.3B.
What is the long-term trend for Moderna's enterprise value?
Over 5 years (2020 to 2025), Moderna's enterprise value has grown at a -23.8% compound annual growth rate (CAGR), from $39.98B to $10.26B.
What does enterprise value mean?
Market capitalization plus total debt minus cash, at the quarter end. The cost to acquire the whole business — what an buyer pays for equity and debt, net of the cash they'd inherit.

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