Biogen Inc.
BIIB Healthcare Drug Manufacturers General
Biogen Inc.’s revenue for fiscal 2025 (year ended December 2025) was $9.9 billion, up 2.22% from fiscal 2024. In the quarter to June 2026, revenue grew 3.42%, EPS fell 84.8%, free cash flow grew 103.3% and total debt rose 16.0%, each against the same quarter a year earlier. Member of the S&P 500; insiders bought in the last twelve months.
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Biogen Inc. (BIIB) EV/EBITDA
As of 16 October 2026, Biogen Inc. (BIIB) trades at a EV/EBITDA of 15.7×. Over the past ten years it has ranged from 5.6× (October 2019) to 23.9× (March 2015); the current reading is higher than 90% of that period. That is above the Drug Manufacturers General industry median of 13.8× and above the Healthcare sector median of 9.2×.
EV/EBITDA, daily
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Annual newest first
| Period | EV/EBITDA | Change |
|---|---|---|
| FY2025 | 9.6× | 24.17% |
| FY2024 | 7.8× | (62.73%) |
| FY2023 | 20.8× | 109.06% |
| FY2022 | 9.9× | 2.95% |
| FY2021 | 9.7× | 20.31% |
| FY2020 | 8.0× | 11.77% |
| FY2019 | 7.2× | (26.64%) |
| FY2018 | 9.8× | (14.10%) |
| FY2017 | 11.4× | 1.85% |
| FY2016 | 11.2× | (16.65%) |
Quarterly newest first
| Period | EV/EBITDA | Change |
|---|---|---|
| Jun 2026 | 14.7× | 53.78% |
| Mar 2026 | 9.6× | (0.61%) |
| Dec 2025 | 9.6× | 33.14% |
| Sep 2025 | 7.2× | (0.19%) |
| 42 more quarters | Free account |
Against its own ten years
EV/EBITDA against peers
| Company | EV/EBITDA |
|---|---|
| NVO Novo Nordisk A/S compare | 7.0× |
| GSK GSK PLC Sponsored ADR compare | 9.3× |
| BMY Bristol Myers Squibb Company compare | 10.2× |
| PFE Pfizer Inc. compare | 10.8× |
| SNY Sanofi compare | 11.1× |
| AZN AstraZeneca PLC compare | 13.8× |
| BIIB Biogen Inc. | 15.7× |
| AMGN Amgen Inc. compare | 16.8× |
| GILD Gilead Sciences, Inc. compare | 829× |
| Drug Manufacturers General industry median | 13.8× |
| Healthcare sector median | 9.2× |
| Market median | 11.0× |
What EV/EBITDA is
Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.
((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)
More on BIIB
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- 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