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United Therapeutics UTHR Free cash flow margin

Free cash flow margin at other companies

Johnson & Johnson logo
Johnson & JohnsonJNJ
18.5%-4.3pp
Merck & Co. logo
Merck & Co.MRK
21.5%-5.2pp
Insmed logo
InsmedINSM
-112.5%-35.3pp
ALN
Alnylam PharmaceuticalsALNY
15%+12.7pp
Incyte logo
IncyteINCY
28.2%+19.7pp
Amgen logo
AmgenAMGN
23.1%-8.9pp

Other financials

Income statement

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Revenue$781.5M-1.6%
Gross profit$648.1M-7.7%
Operating income$325.8M-14.9%
Net income$274.9M-14.7%
EPS (diluted)$5.82-12.2%

Balance sheet

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Cash & equivalents$1.3B-32.6%
Total equity$5.9B-13.3%
Total assets$6.7B-13.3%

Cash flow

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Operating cash flow$463.3M+0.5%
CapEx$100.8M+34.6%
Free cash flow$362.5M-6.2%

Valuation

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Market cap$22.78B+87.7%
P/E17.7×+7.7×
P/S7.2×+3.1×

Profitability

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Gross margin86.6%-2.4pp
Operating margin45.3%-1.6pp
Net margin40.6%+0.2pp

Returns & leverage

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Return on equity20.3%+0.3pp
Debt / equity
Current ratio4.8×-0.7×

Where this comes from

Calculated from United Therapeutics’s reported figures.

Based on trailing twelve months.

The official record: United Therapeutics’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is United Therapeutics's free cash flow margin?
United Therapeutics (UTHR) reported free cash flow margin of 32.1% in Q1 2026.
How has United Therapeutics's free cash flow margin changed year-over-year?
United Therapeutics's free cash flow margin decreased by 14.9% year-over-year, from 37.7% to 32.1%.
What is the long-term trend for United Therapeutics's free cash flow margin?
Over 4 years (2021 to 2025), United Therapeutics's free cash flow margin has grown at a 1.8% compound annual growth rate (CAGR), from 131.1% to 141.1%.
What does free cash flow margin mean?
How much real, spendable cash each sales dollar generates after reinvestment.
How do you interpret free cash flow margin?
A high and rising FCF margin is the hallmark of a cash-generative business. Persistent gaps between net margin and FCF margin warrant a look at working capital or capital intensity.
How does free cash flow margin compare across companies?
Strong cross-company quality signal; capital-light compounders post structurally higher FCF margins than asset-heavy peers.