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. In the quarter to June 2026, revenue grew 9.53%, EPS grew 65.4%, free cash flow grew 82.6% and total debt rose 1.96%, each against the same quarter a year earlier. Member of the S&P 500, Nasdaq 100 and Dow Jones; dividend growth for ten consecutive years, revenue growth for five.
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Amgen Inc. (AMGN) Net margin
Amgen Inc.'s net margin over the twelve months to 30 June 2026 was 23.0%, up 2.0 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 8.27% and above the Healthcare sector median of 0.00%.
Net margin, annual
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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) |
|---|---|---|
| Jun 2026 | 23.6% | 2.51 |
| Mar 2026 | 21.1% | 7.60 |
| Dec 2025 | 13.5% | (20.14) |
| Sep 2025 | 33.7% | 18.05 |
| 42 more quarters | Free account |
Against its own ten years
Net margin against peers
| Company | Net margin |
|---|---|
| NVO Novo Nordisk A/S compare | 35.5% |
| AMGN Amgen Inc. | 23.0% |
| NVS Novartis AG compare | 22.5% |
| BMY Bristol Myers Squibb Company compare | 18.9% |
| AZN AstraZeneca PLC compare | 17.0% |
| ABBV AbbVie Inc. compare | 9.74% |
| PFE Pfizer Inc. compare | 6.80% |
| MRK Merck & Co., Inc. compare | 4.77% |
| GILD Gilead Sciences, Inc. compare | −10.6% |
| Drug Manufacturers General industry median | 8.27% |
| Healthcare sector median | 0.00% |
| Market median | 0.45% |
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
More on AMGN
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement