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Regeneron Pharmaceuticals REGN Equity Method Investments

Equity Method Investments at other companies

Merck & Co. logo
Merck & Co.MRK
$851M-2.2%
Amgen logo
AmgenAMGN
$301M

Other financials

Income statement

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Revenue$4.3B+16.7%
Operating income$1.3B+19.8%
Net income$1.3B-6.8%
EPS (diluted)$12.23-4.5%

Balance sheet

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Cash & equivalents$2.5B+22.3%
Total debt$2.7B+0.1%
Total equity$31.7B+5.9%
Total assets$41.7B+9.2%

Cash flow

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Operating cash flow$813.0M-29.0%
CapEx$240.2M+9.7%
Free cash flow$572.8M-38.1%

Valuation

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Market cap$83.19B+43.8%
Enterprise value$83.43B+42.5%
P/E19.2×+6.2×
P/S5.4×+1.3×

Profitability

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Gross margin94.9%
Operating margin24.7%-2.3pp
Net margin27.9%-3.5pp
FCF margin24.2%-2.9pp

Returns & leverage

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Return on equity14%-1.3pp
Debt / equity0.1×0.0×
Current ratio3.3×-1.3×

Where this comes from

Reported directly by Regeneron Pharmaceuticals in its filing.

Tagged under the XBRL concept us-gaap:EquitySecuritiesWithoutReadilyDeterminableFairValueAmount.

The source filing: Regeneron Pharmaceuticals’s 10-Q, filed July 30, 2026.

Filed
Jul 30, 2026, 6:52 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000872589-26-000025
  • As of June 30, 2026 and December 31, 2025, $597.3 million and $334.0 million, respectively, of equity securities that do not have a readily determinable fair value. The change in carrying value of such investments was primarily the result of additional purchases.
  • As of June 30, 2026 and December 31, 2025, equity and other securities held through ownership interest in an investment fund of $203.9 million and $147.5 million, respectively, which are primarily measured at fair value based on Level 3 inputs. The change in carrying value was primarily the result of additional purchases by the fund.

Item 1. Financial Statements (unaudited)

FAQ

What is Regeneron Pharmaceuticals's equity method investments?
Regeneron Pharmaceuticals (REGN) reported equity method investments of $597.3M in Q2 2026.
What does equity method investments mean?
Investments in unconsolidated affiliates and joint ventures where the company has significant influence (typically 20-50% ownership), carried at proportional book value.

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