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

460.55 0.27 +0.06%
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

Amgen Inc. (AMGN) Net margin

Alert me on Net margin

Amgen Inc.'s net margin over the twelve months to 30 September 2026 was 24.1%, up 3.2 percentage points from fiscal 2025 (21.0%). Over the past ten years it has ranged from 8.66% (fiscal 2017) to 35.4% (fiscal 2018); the current reading is higher than 27% of that period. That is above the Drug Manufacturers General industry median of 7.31% and above the Healthcare sector median of 0.00%.

Net margin, annual

Embed this chart

Annual newest first

Period Net margin Change (points)
FY2025 21.0% 8.74
FY2024 12.2% (11.59)
FY2023 23.8% (1.06)
FY2022 24.9% 2.21
FY2021 22.7% (5.89)
FY2020 28.6% (5.00)
FY2019 33.6% (1.78)
FY2018 35.4% 26.69
FY2017 8.66% (24.93)
FY2016 33.6% 1.56

Quarterly newest first

Period Net margin Change (points)
Sep 2026 37.3% 13.66
Jun 2026 23.6% 2.51
Mar 2026 21.1% 7.60
Dec 2025 13.5% (20.14)
43 more quarters

Against its own ten years

Low 8.66% High 35.4%
Ten-year median 24.9%
Current reading's percentile 47

Net margin against peers

Company Net margin
NVO Novo Nordisk A/S compare 35.5%
AMGN Amgen Inc. 24.1%
BMY Bristol Myers Squibb Company compare 18.5%
AZN AstraZeneca PLC compare 17.7%
NVS Novartis AG compare 17.5%
ABBV AbbVie Inc. compare 15.6%
PFE Pfizer Inc. compare 6.34%
MRK Merck & Co., Inc. compare 3.64%
GILD Gilead Sciences, Inc. compare −12.5%
Drug Manufacturers General industry median 7.31%
Healthcare sector median 0.00%
Market median 1.06%

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

More on AMGN