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
Returns
Return on equity	-115%+14.5pp	-129.5%-111pp	-18.4%-406pp	387.8%+37.9pp
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×
Liquidity
Current ratio	15.4×-0.8×	16.2×+3.4×	12.7×+4.2×	8.6×+2.9×
Leverage
Debt-to-equity	0.4×0.0×	0.4×0.0×	0.4×+0.1×	0.3×-0.1×
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%
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×

Chart any of these lines over time, or line them up against competitors.

Compare these in charts →

Ask your AI about Moderna.

Connect your AI assistant and get a quick read on the numbers, right in your chat.

Connect your AI

Claude

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.