Vertex Pharmaceuticals VRTX Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 86.2%0.0pp | 86.2%0.0pp | 86.3%+0.2pp | 86.1%+0.1pp | 86%-0.1pp | |
| Operating margin | 38.3%+3.5pp | 34.8%— | —— | —— | —— | |
| Net margin | 35.5%+2.6pp | 32.9%— | —— | —— | —— | |
| EBITDA margin | 40.1%+3.6pp | 36.5%-0.2pp | 36.7%-0.4pp | 37.1%+40.9pp | -3.8%-4.6pp | |
| Free cash flow margin | 30.4%+3.8pp | 26.6%+4.0pp | 22.6%+11.1pp | 11.5%+42.5pp | -31%-4.0pp | |
| Returns | ||||||
| Return on equity | 24.2%+1.7pp | 22.5%— | —— | —— | —— | |
| Return on assets | 17.6%+1.2pp | 16.4%— | —— | —— | —— | |
| Return on invested capital | 26.8%+2.5pp | 24.3%-1.4pp | 25.7%-1.3pp | 27%+32.4pp | -5.3%-4.8pp | |
| Efficiency | ||||||
| Asset turnover | 0.5×0.0× | 0.5×0.0× | 0.5×0.0× | 0.5×0.0× | 0.5×0.0× | |
| Inventory turnover | 1.1×-0.1× | 1.1×0.0× | 1.2×-0.1× | 1.3×-0.1× | 1.4×-0.1× | |
| Liquidity | ||||||
| Current ratio | 3×+0.1× | 2.9×+0.5× | 2.4×-0.2× | 2.5×-0.1× | 2.6×0.0× | |
| Quick ratio | 2.6×+0.1× | 2.5×+0.5× | 2×-0.2× | 2.2×-0.1× | 2.3×-0.1× | |
| Cash ratio | 1.4×+0.1× | 1.3×+0.2× | 1.1×-0.1× | 1.2×0.0× | 1.2×0.0× | |
| Leverage | ||||||
| Debt-to-equity | 0.1×0.0× | 0.1×0.0× | 0.1×0.0× | 0.1×0.0× | 0.1×0.0× | |
| Debt-to-assets | 0.1×0.0× | 0.1×0.0× | 0.1×0.0× | 0.1×0.0× | 0.1×0.0× | |
| Net debt / EBITDA | -0.7×0.0× | -0.7×0.0× | -0.7×+0.1× | -0.8×— | —— | |
| Per Share | ||||||
| Book value per share | $75.54+4.4% | $72.35+7.6% | $67.23+1.3% | $66.34+4.4% | $63.57-0.1% | |
| Valuation | ||||||
| Market capitalization | $113.44B-1.4% | $115.03B+14.6% | $100.41B-13.2% | $115.63B-7.1% | $124.5B+20.0% | |
| Enterprise value | $109.92B-1.8% | $111.97B+15.1% | $97.3B-13.3% | $112.17B-7.6% | $121.46B+20.4% | |
| Price / earnings | 26.1×-2.9× | 29.1×— | —— | —— | —— | |
| Price / sales | 9.3×-0.3× | 9.6×+1.0× | 8.6×-1.6× | 10.1×-1.1× | 11.2×+1.8× | |
| Price / book | 5.9×-0.3× | 6.2×+0.4× | 5.8×-0.9× | 6.7×-0.8× | 7.5×+1.2× | |
| EV / EBITDA | 22.4×-3.1× | 25.5×+3.0× | 22.6×-3.9× | 26.5×— | —— | |
| EV / sales | 9×-0.3× | 9.3×+1.0× | 8.3×-1.5× | 9.8×-1.1× | 10.9×+1.8× | |
| Free cash flow yield | 3.3%+0.5pp | 2.8%+0.1pp | 2.6%+1.5pp | 1.1%+3.9pp | -2.8%+0.1pp | |
| Earnings yield | 3.8%+0.4pp | 3.4%— | —— | —— | —— |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are Vertex Pharmaceuticals's profit margins?
- Vertex Pharmaceuticals (VRTX) runs a 86.2% gross margin and a 38.3% operating margin, with a 35.5% net margin.
- Where do Vertex Pharmaceuticals's ratios come from?
- Every ratio is computed from Vertex Pharmaceuticals'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.
