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.

Revenue
+10.6%
EPS
−104.4%
Free cash flow
−69.3%
Total debt
+16.0%

Quarter to September 2026, against a year earlier

248.66 4.73 +1.94%
Market cap
$36.1B
P/E
104×
Fwd P/E
47.4×
Dividend yield
—
F-score
4/9
Altman Z
3.13
Beneish M
−2.67
Dividend safety
n/a

Biogen Inc. (BIIB) Price to free cash flow

Alert me on Price to free cash flow

As of 5 November 2026, Biogen Inc. (BIIB) trades at a price to free cash flow of 21.3×. Over the past ten years it has ranged from 0.0× (September 2015) to 37.8× (October 2023); the current reading is higher than 77% of that period. That is in line with the Drug Manufacturers General industry median of 21.3× and in line with the Healthcare sector median of 21.1×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 12.8× 44.27%
FY2024 8.9× (71.77%)
FY2023 31.3× 36.40%
FY2022 23.0× 116.05%
FY2021 10.6× (0.70%)
FY2020 10.7× 23.66%
FY2019 8.7× (25.52%)
FY2018 11.6× (57.63%)
FY2017 27.4× 77.59%
FY2016 15.5× (29.30%)

Quarterly newest first

Period Price to free cash flow Change
Sep 2026 19.7× 56.83%
Jun 2026 12.6× 11.80%
Mar 2026 11.2× (11.99%)
Dec 2025 12.8× 40.65%
43 more quarters

Against its own ten years

Low 0.0× High 37.8×
Ten-year median 13.4×
Current reading's percentile 77

Price to free cash flow against peers

Company Price to free cash flow
SNY Sanofi compare 6.7×
GSK GSK PLC Sponsored ADR compare 11.4×
BMY Bristol Myers Squibb Company compare 13.9×
GILD Gilead Sciences, Inc. compare 15.1×
PFE Pfizer Inc. compare 15.5×
BIIB Biogen Inc. 21.3×
NVO Novo Nordisk A/S compare 23.5×
AMGN Amgen Inc. compare 27.3×
AZN AstraZeneca PLC compare 45.8×
Drug Manufacturers General industry median 21.3×
Healthcare sector median 21.1×
Market median 14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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