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Moderna MRNA Inventory turnover

Inventory turnover at other companies

Pfizer logo
PfizerPFE
6.4×+0.8×
ALN
Alnylam PharmaceuticalsALNY
10.9×+6.9×
Biogen logo
BiogenBIIB
19×-3.6×
Merck & Co. logo
Merck & Co.MRK
3.2×-0.6×
Johnson & Johnson logo
Johnson & JohnsonJNJ
2.3×-0.1×
Gilead Sciences logo
Gilead SciencesGILD
2.8×-0.8×

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 inventory turnover?
Moderna (MRNA) reported inventory turnover of 13.8× in Q1 2026.
How has Moderna's inventory turnover changed year-over-year?
Moderna's inventory turnover increased by 32.1% year-over-year, from 10.5× to 13.8×.
What is the long-term trend for Moderna's inventory turnover?
Over 3 years (2022 to 2025), Moderna's inventory turnover has grown at a 43.5% compound annual growth rate (CAGR), from 13.5× to 40×.
What does inventory turnover mean?
How many times a year the company sells through and restocks its inventory.
How do you interpret inventory turnover?
Higher turnover ties up less cash in stock and reduces obsolescence risk, but too high can signal stock-outs and lost sales. Read against peers and the company's own history.
How does inventory turnover compare across companies?
Only meaningful for businesses that carry inventory; automatically null for asset-light and financial firms with no inventory line.