ADMA Biologics Inc

ADMA Healthcare Biotechnology

ADMA Biologics Inc’s revenue for fiscal 2025 (year ended December 2025) was $510.2 million, up 19.6% from fiscal 2024.

Revenue
+5.12%
EPS
+46.7%
Free cash flow
+1,709.5%
Total debt
+140.5%

Quarter to September 2026, against a year earlier

13.08 0.13 −0.98%
Market cap
$3.0B
P/E
16.7×
Fwd P/E
14.0×
Dividend yield
—
F-score
5/9
Altman Z
19.98
Beneish M
−0.17
Dividend safety
n/a

ADMA Biologics Inc (ADMA) Gross margin

Alert me on Gross margin

ADMA Biologics Inc's gross margin over the twelve months to 30 September 2026 was 68.5%, up 11.1 percentage points from fiscal 2025 (57.4%). Over the past ten years it has ranged from −148.4% (fiscal 2018) to 57.4% (fiscal 2025) — the current reading is the highest in ten years. That is above the Biotechnology industry median of 65.2% and above the Healthcare sector median of 53.9%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 57.4% 5.91
FY2024 51.5% 17.04
FY2023 34.4% 11.55
FY2022 22.9% 21.44
FY2021 1.45% 46.62
FY2020 −45.2% (10.57)
FY2019 −34.6% 113.82
FY2018 −148.4% (120.28)
FY2017 −28.1% (68.48)
FY2016 40.3% 0.41

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 70.8% 1.45
Jun 2026 69.4% (1.17)
Mar 2026 70.5% 6.71
Dec 2025 63.8% 7.48
43 more quarters

Against its own ten years

Low −148.4% High 57.4%
Ten-year median 22.9%
Current reading's percentile 100

Gross margin against peers

Company Gross margin
IMNM Immunome, Inc. compare 100.0%
CLDX Celldex Therapeutics, Inc. compare 100.0%
PVLA Palvella Therapeutics, Inc. compare 100.0%
AUPH Aurinia Pharmaceuticals Inc compare 90.6%
VCEL Vericel Corporation compare 74.5%
ADMA ADMA Biologics Inc 68.5%
VERA Vera Therapeutics, Inc. compare 0.00%
BHVN Biohaven Ltd. compare 0.00%
PHVS Pharvaris N.V. compare 0.00%
Biotechnology industry median 65.2%
Healthcare sector median 53.9%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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