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) Free cash flow margin
Biogen Inc.'s free cash flow margin over the twelve months to 30 June 2026 was 25.3%, up 4.9 percentage points from fiscal 2025 (20.4%). Over the past ten years it has ranged from 12.6% (fiscal 2023) to 44.6% (fiscal 2019); the current reading is higher than 27% of that period. That is above the Drug Manufacturers General industry median of 17.2% and above the Healthcare sector median of 0.00%.
Free cash flow margin, annual
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Annual newest first
| Period | Free cash flow margin | Change (points) |
|---|---|---|
| FY2025 | 20.4% | (5.58) |
| FY2024 | 26.0% | 13.44 |
| FY2023 | 12.6% | (4.38) |
| FY2022 | 16.9% | (13.68) |
| FY2021 | 30.6% | 3.26 |
| FY2020 | 27.4% | (17.22) |
| FY2019 | 44.6% | 5.17 |
| FY2018 | 39.4% | 18.32 |
| FY2017 | 21.1% | (12.62) |
| FY2016 | 33.7% | 3.41 |
Against its own ten years
Free cash flow margin against peers
| Company | Free cash flow margin |
|---|---|
| GILD Gilead Sciences, Inc. compare | 42.5% |
| AMGN Amgen Inc. compare | 26.7% |
| SNY Sanofi compare | 25.5% |
| BIIB Biogen Inc. | 25.3% |
| BMY Bristol Myers Squibb Company compare | 23.3% |
| PFE Pfizer Inc. compare | 17.3% |
| GSK GSK PLC Sponsored ADR compare | 17.2% |
| NVO Novo Nordisk A/S compare | 14.8% |
| AZN AstraZeneca PLC compare | 10.2% |
| Drug Manufacturers General industry median | 17.2% |
| Healthcare sector median | 0.00% |
| Market median | 0.00% |
What Free cash flow margin is
Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.
(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue
More on BIIB
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net 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