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FY'25FY'24FY'23FY'22
Profitability
Gross margin87.1%+1.5pp85.6%+10.1pp75.5%
Operating margin-91.4%+411pp-502.2%+24,030pp-24,532.6%
Net margin-126.3%+479pp-605.1%+28,954pp-29,558.9%
EBITDA margin-91%+410pp-500.7%+23,947pp-24,448.2%
Free cash flow margin-95.4%+388pp-483.1%+19,930pp-20,412.6%
Returns
Return on assets-69.4%+15.0pp-84.4%-14.7pp-69.7%+42.0pp-111.6%-52.2pp
Efficiency
Asset turnover0.5×+0.4×0.1×+0.1×
Inventory turnover1.4×+0.6×0.8×
Liquidity
Current ratio1.7×-2.5×4.2×-6.0×10.2×+4.1×6.1×-3.7×
Quick ratio1.6×-2.5×4.1×-6.0×10×+3.9×6.1×-3.7×
Cash ratio-2.5×3.5×-6.4×9.8×+3.9×5.9×-3.8×
Leverage
Debt-to-assets0.8×+0.3×0.5×+0.2×0.3×-0.3×0.6×+0.1×
Interest coverage-2.3×+1.5×-3.9×+0.1×-4×+2.3×-6.3×+13.6×
Per Share
Book value per share-$6.01-49.7%-$4.01-183%-$1.42+25.8%-$1.91-198%
Valuation
Market capitalization$846.21M+13.4%$555.22M+6.1%$523.1M+12.0%$466.99M-25.0%
Enterprise value$831.61M+12.7%$459.87M+63.8%$280.73M-31.3%$408.67M-23.0%
Price / sales4.1×-5.0×10×-757×767×
EV / sales-4.8×8.3×-403×411.6×
Free cash flow yield-11.9%+27.0pp-48.1%-21.5pp-26.6%+5.0pp-31.6%-7.7pp
Earnings yield-19.1%+28.5pp-60.2%-21.7pp-38.5%+3.8pp-42.3%-19.2pp

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Questions, answered.

What are Phathom Pharmaceuticals, Inc.'s profit margins?
Phathom Pharmaceuticals, Inc. (PHAT) runs a 84.9% gross margin and a -47.1% operating margin, with a -76.8% net margin.
Where do Phathom Pharmaceuticals, Inc.'s ratios come from?
Every ratio is computed from Phathom Pharmaceuticals, Inc.'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.