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.

232.65 2.70 −1.15%
Market cap
$34.8B
P/E
41.0×
Fwd P/E
31.5×
Dividend yield
—
F-score
4/9
Altman Z
3.13
Beneish M
−2.67
Dividend safety
n/a

Biogen Inc. (BIIB) Return on invested capital

Alert me on Return on invested capital

Biogen Inc.'s return on invested capital over the twelve months to 30 June 2026 was 3.11%, down 2.5 percentage points from fiscal 2025 (5.61%). Over the past ten years it has ranged from 4.91% (fiscal 2023) to 33.0% (fiscal 2019); the current reading is higher than 18% of that period. That is below the Drug Manufacturers General industry median of 6.11% and above the Healthcare sector median of 0.00%.

Return on invested capital, annual

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Annual newest first

Period Return on invested capital Change (points)
FY2025 5.61% (1.83)
FY2024 7.44% 2.53
FY2023 4.91% (9.82)
FY2022 14.7% 1.51
FY2021 13.2% (7.13)
FY2020 20.4% (12.69)
FY2019 33.0% 9.19
FY2018 23.9% 1.34
FY2017 22.5% (0.91)
FY2016 23.4% (1.10)

Against its own ten years

Low 4.91% High 33.0%
Ten-year median 20.4%
Current reading's percentile 18

Return on invested capital against peers

Company Return on invested capital
NVO Novo Nordisk A/S compare 28.7%
BMY Bristol Myers Squibb Company compare 13.7%
AMGN Amgen Inc. compare 13.0%
GSK GSK PLC Sponsored ADR compare 12.6%
AZN AstraZeneca PLC compare 11.7%
SNY Sanofi compare 6.58%
PFE Pfizer Inc. compare 6.30%
BIIB Biogen Inc. 3.11%
GILD Gilead Sciences, Inc. compare −4.48%
Drug Manufacturers General industry median 6.11%
Healthcare sector median 0.00%
Market median 0.00%

What Return on invested capital is

Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.

TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)

The full definition of Return on invested capital →

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