Friday 6 November 2026 Export AMGN’s income statement to Excel — free account

Amgen Inc.

AMGN Healthcare Drug Manufacturers General

Amgen Inc.’s revenue for fiscal 2025 (year ended December 2025) was $36.8 billion, up 9.95% from fiscal 2024.

Revenue: +8.45%
EPS: +19.4%
Free cash flow: −0.16%
Total debt: −1.06%

Quarter to September 2026, against a year earlier

461.87 16.61 −3.47%

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Market cap: $248.8B
P/E: 26.6×
Fwd P/E: 29.6×
Dividend yield: 2.15%
F-score: 7/9
Altman Z: 1.69
Beneish M: −2.27
Dividend safety: 56/100

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Amgen Inc. (AMGN) Debt to equity

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Amgen Inc.'s debt to equity at the end of the quarter to 30 September 2026 was 3.8×, down 2.5× from fiscal 2025 (6.3×). Over the past ten years it has ranged from 1.1× (fiscal 2015) to 10.6× (fiscal 2022); the current reading is higher than 73% of that period. That is above the Drug Manufacturers General industry median of 0.6× and above the Healthcare sector median of 0.0×.

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<iframe src="https://stockrow.com/embed/AMGN/debt-to-equity" width="100%" height="360" style="border:0" loading="lazy" title="Amgen Inc. debt to equity, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/AMGN/metrics/debt-to-equity">Amgen Inc. (AMGN) debt to equity — stockrow.com</a></p>

Period	Debt to equity	Change
FY2025	6.3×	(38.33%)
FY2024	10.2×	(1.37%)
FY2023	10.4×	(2.54%)
FY2022	10.6×	113.98%
FY2021	5.0×	41.81%
FY2020	3.5×	13.40%
FY2019	3.1×	13.89%
FY2018	2.7×	93.85%
FY2017	1.4×	20.92%
FY2016	1.2×	3.48%

Period	Debt to equity	Change
Sep 2026	3.8×	(23.25%)
Jun 2026	4.9×	(21.40%)
Mar 2026	6.2×	(1.10%)
Dec 2025	6.3×	11.13%
43 more quarters	Free account

Against its own ten years

Low 1.1× High 10.6×

Ten-year median 3.5×

Current reading's percentile 73

Company	Debt to equity
ABBV AbbVie Inc. compare	−17.8×
AZN AstraZeneca PLC compare	0.6×
NVO Novo Nordisk A/S compare	0.6×
PFE Pfizer Inc. compare	0.7×
MRK Merck & Co., Inc. compare	1.2×
NVS Novartis AG compare	1.2×
BMY Bristol Myers Squibb Company compare	1.8×
GILD Gilead Sciences, Inc. compare	2.0×
AMGN Amgen Inc.	3.8×
Drug Manufacturers General industry median	0.6×
Healthcare sector median	0.0×
Market median	0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

Amgen Inc. (AMGN) Debt to equity

Debt to equity, annual

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Against its own ten years

Debt to equity against peers

What Debt to equity is

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Debt to equity, annual

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Against its own ten years

Debt to equity against peers

What Debt to equity is

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