What is Vertex Pharmaceuticals's variable lease cost?

Vertex Pharmaceuticals (VRTX) reported variable lease cost of $12.53M in Q4 2025.

How has Vertex Pharmaceuticals's variable lease cost changed year-over-year?

Vertex Pharmaceuticals's variable lease cost increased by 14.9% year-over-year, from $10.9M to $12.53M.

What is the long-term trend for Vertex Pharmaceuticals's variable lease cost?

Over 2 years (2023 to 2025), Vertex Pharmaceuticals's variable lease cost has grown at a 6.0% compound annual growth rate (CAGR), from $44.6M to $50.1M.

Vertex Pharmaceuticals VRTX Variable Lease Cost

Variable Lease Cost at other companies

Carnival CorporationCCL

$52.25M-0.9%

Devon EnergyDVN

$0—

Jones Lang LaSalleJLL

$12.45M-1.0%

Baxter InternationalBAX

$7M0.0%

Medline, Inc. MDLN

$500K0.0%

Iron MountainIRM

$59.9M+74.1%

Other financials

Income statement

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Revenue$3.0B+7.8%

Gross profit$2.6B+7.8%

Operating income$1.1B+80.6%

Net income$1.0B+59.6%

EPS (diluted)$4.02+61.4%

Balance sheet

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Cash & equivalents$5.5B+17.5%

Total debt$2.0B+20.5%

Total equity$19.4B+17.4%

Total assets$26.5B+15.8%

Cash flow

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Operating cash flow$1.4B+74.4%

CapEx$133.4M+228%

Free cash flow$1.3B+66.4%

Valuation

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Market cap$114.63B-8.9%

Enterprise value$111.11B-9.5%

P/E26.4×—

P/S9.4×-2.0×

Profitability

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Gross margin86.2%+0.2pp

Operating margin38.3%—

Net margin35.5%—

FCF margin30.4%+20.2pp

Returns & leverage

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Return on equity24.2%—

Debt / equity0.1×0.0×

Current ratio3×+0.4×

Where this comes from

Reported directly by Vertex Pharmaceuticals in its filing.

Tagged under the XBRL concept us-gaap:VariableLeaseCost.

The official record: Vertex Pharmaceuticals’s 10-K, filed February 13, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Vertex Pharmaceuticals's variable lease cost?: Vertex Pharmaceuticals (VRTX) reported variable lease cost of $12.53M in Q4 2025.
How has Vertex Pharmaceuticals's variable lease cost changed year-over-year?: Vertex Pharmaceuticals's variable lease cost increased by 14.9% year-over-year, from $10.9M to $12.53M.
What is the long-term trend for Vertex Pharmaceuticals's variable lease cost?: Over 2 years (2023 to 2025), Vertex Pharmaceuticals's variable lease cost has grown at a 6.0% compound annual growth rate (CAGR), from $44.6M to $50.1M.