What are Moderna's profit margins?

Moderna (MRNA) runs a 22.1% gross margin and a -153.3% operating margin, with a -143.6% net margin.

Where do Moderna's ratios come from?

Every ratio is computed from Moderna's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Moderna MRNA Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY

Simplified Detailed

	FY'25	FY'24	FY'23	FY'22
Profitability
Gross margin	210.2%+32.5pp	177.7%-14.4pp	192.1%-126pp	318.1%-32.6pp
Operating margin	-537%-170pp	-366.8%-312pp	-54.3%-305pp	250.8%+36.9pp
Net margin	-484.8%-86.2pp	-398.6%-332pp	-66.9%-291pp	224.3%+26.9pp
EBITDA margin	-503.8%-171pp	-332.7%-299pp	-34.1%-291pp	256.9%+37.5pp
Returns
Return on equity	-115%+14.5pp	-129.5%-111pp	-18.4%-406pp	387.8%+37.9pp
Return on assets	-87.4%+11.0pp	-98.4%-84.4pp	-14%-236pp	222.4%+47.3pp
Return on invested capital	-138.4%-6.6pp	-131.8%-118pp	-13.4%—	——
Efficiency
Asset turnover	0.7×-0.3×	1×-0.7×	1.7×-2.1×	3.9×+0.7×
Inventory turnover	40×+3.4×	36.6×+15.9×	20.8×+7.2×	13.5×—
Liquidity
Current ratio	15.4×-0.8×	16.2×+3.4×	12.7×+4.2×	8.6×+2.9×
Quick ratio	15.1×-0.9×	16×+3.8×	12.2×+4.6×	7.6×+2.3×
Cash ratio	3.8×+0.3×	3.5×-0.3×	3.9×+1.8×	2.1×-0.5×
Leverage
Debt-to-equity	0.4×0.0×	0.4×0.0×	0.4×+0.1×	0.3×-0.1×
Debt-to-assets	0.3×0.0×	0.3×0.0×	0.3×+0.1×	0.2×0.0×
Per Share
Book value per share	$96.46-21.1%	$122.33-24.8%	$162.64-5.8%	$172.64+114%
Valuation
Market capitalization	$42.9B-66.5%	$128B-30.0%	$182.78B-24.3%	$241.51B-40.7%
Enterprise value	$39.9B-68.0%	$124.53B-28.9%	$175.08B-24.6%	$232.27B-40.0%
Price / sales	17.2×-9.7×	26.9×+8.8×	18.1×+6.8×	11.3×-40.5×
Price / book	4.6×-6.1×	10.7×-0.8×	11.5×-1.9×	13.4×-37.3×
EV / sales	16×-10.1×	26.1×+8.8×	17.4×+6.5×	10.9×-37.6×
Earnings yield	-114.1%-53.8pp	-60.3%-49.1pp	-11.1%-94.5pp	83.4%+62.2pp

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Questions, answered.

What are Moderna's profit margins?: Moderna (MRNA) runs a 22.1% gross margin and a -153.3% operating margin, with a -143.6% net margin.
Where do Moderna's ratios come from?: Every ratio is computed from Moderna's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.