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Moderna MRNA Price / sales

Price / sales at other companies

Pfizer logo
PfizerPFE
2.5×+0.2×
ALN
Alnylam PharmaceuticalsALNY
10.2×-4.6×
Roivant Sciences logo
Roivant SciencesROIV
2,400.1×+2,152×
Biogen logo
BiogenBIIB
2.7×+0.7×
Merck & Co. logo
Merck & Co.MRK
4.5×+1.0×
Johnson & Johnson logo
Johnson & JohnsonJNJ
6.1×+1.6×

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$24.52B+83.8%
Enterprise value$23.94B+93.6%

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 the most recent quarter.

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 price / sales?
Moderna (MRNA) reported price / sales of 9.1× in Q1 2026.
How has Moderna's price / sales changed year-over-year?
Moderna's price / sales increased by 162.5% year-over-year, from 3.5× to 9.1×.
What is the long-term trend for Moderna's price / sales?
Over 4 years (2021 to 2025), Moderna's price / sales has grown at a -24.0% compound annual growth rate (CAGR), from 51.8× to 17.2×.
What does price / sales mean?
How many dollars investors pay for each dollar of the company's annual sales.
How do you interpret price / sales?
Useful when earnings are negative or volatile (e.g. early-stage or cyclical firms). Only comparable across companies with similar margins — a sales dollar is worth more at a high-margin business.
How does price / sales compare across companies?
Best compared within a margin cohort; a software P/S and a retailer P/S are not directly comparable.