| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | — | — | — | — | — | — | — | — | — | — | — |
| Sell | — | — | — | — | — | — | 1 | — | — | — | 1 | 1 |
| total | individual payouts | |
|---|---|---|
| 2028 | ‡‡‡‡‡ |
|
| 2027 | ‡‡‡‡‡ |
|
| 2026 | 2.52 |
—
—
—
—
|
| 2025 | 2.48 |
—
—
—
—
|
| 2024 | 2.40 |
—
—
—
—
|
| 2023 | 2.28 |
—
—
—
—
|
| 2022 | 2.16 |
—
—
—
—
|
| 2021 | 1.47 |
—
—
—
|
| 2020 | 2.29 |
—
—
—
—
—
|
| 2019 | 1.64 |
—
—
—
—
|
| 2018 | 1.60 |
—
—
—
—
|
| 2017 | 1.56 |
—
—
—
—
|
| 2016 | 1.14 |
—
—
—
|
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Cash | 12,280.00 | 10,859.00 | 10,673.00 | 11,067.00 |
| Receivables | 10,921.00 | 10,747.00 | 11,414.00 | 10,553.00 |
| Inventory | 2,662.00 | 2,557.00 | 2,690.00 | 2,737.00 |
| Other | 5,907.00 | 5,617.00 | 4,613.00 | 4,222.00 |
| 31,770.00 | 29,780.00 | 29,390.00 | 28,579.00 |
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Payables | 3,259.00 | 3,602.00 | 3,575.00 | 4,158.00 |
| ST’ Debt | 3,119.00 | 2,046.00 | 2,261.00 | 1,027.00 |
| Other | 15,884.00 | 18,126.00 | 17,581.00 | 13,474.00 |
| 22,262.00 | 23,774.00 | 23,417.00 | 18,659.00 |
| 10y | 5y | 3y | |
| Sales | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Earnings | ‡‡‡‡‡ | ‡‡‡ | ‡‡‡‡‡ |
| Book Value | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 11,489.00 | 12,973.00 | — | — |
—
|
| ’25 | 11,201.00 | 12,269.00 | 12,222.00 | 12,502.00 |
48,194.00
|
| ’24 | 11,865.00 | 12,201.00 | 11,892.00 | 12,342.00 |
48,300.00
|
| ’23 | 11,337.00 | 11,226.00 | 10,966.00 | 11,477.00 |
45,006.00
|
| ’22 | 11,648.00 | 11,887.00 | 11,218.00 | 11,406.00 |
46,159.00
|
| ’21 | 11,073.00 | 11,703.00 | 11,624.00 | 11,985.00 |
46,385.00
|
| ’20 | 10,781.00 | 10,129.00 | 10,540.00 | 11,068.00 |
42,518.00
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 1,104.00 | 3,393.00 | — | — |
—
|
| ’25 | 1,954.00 | 3,917.00 | 6,311.00 | 1,974.00 |
14,156.00
|
| ’24 | 2,834.00 | 2,326.00 | 5,591.00 | 4,439.00 |
15,190.00
|
| ’23 | 2,970.00 | 1,887.00 | 4,751.00 | 4,252.00 |
13,860.00
|
| ’22 | 3,812.00 | 2,261.00 | 3,687.00 | 3,306.00 |
13,066.00
|
| ’21 | 3,824.00 | 3,060.00 | 5,266.00 | 4,057.00 |
16,207.00
|
| ’20 | 3,937.00 | 4,493.00 | 2,267.00 | 3,355.00 |
14,052.00
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 757.00 | 3,088.00 | — | — |
—
|
| ’25 | 1,694.00 | 3,556.00 | 5,991.00 | 1,604.00 |
12,845.00
|
| ’24 | 2,550.00 | 2,064.00 | 5,267.00 | 4,061.00 |
13,942.00
|
| ’23 | 2,692.00 | 1,628.00 | 4,409.00 | 3,922.00 |
12,651.00
|
| ’22 | 3,559.00 | 1,989.00 | 3,440.00 | 2,960.00 |
11,948.00
|
| ’21 | 3,651.00 | 2,850.00 | 4,996.00 | 3,737.00 |
15,234.00
|
| ’20 | 3,751.00 | 4,362.00 | 2,114.00 | 3,072.00 |
13,299.00
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 1.31 | 1.62 | — | — |
—
|
| ’25 | 1.20 | 0.64 | 1.08 | 0.53 |
3.46
|
| ’24 | (5.89) | 0.83 | 0.60 | 0.04 |
(4.41)
|
| ’23 | 1.07 | 0.99 | 0.93 | 0.87 |
3.86
|
| ’22 | 0.59 | 0.66 | 0.75 | 0.95 |
2.95
|
| ’21 | 0.89 | 0.47 | 0.69 | 1.07 |
3.12
|
| ’20 | (0.34) | (0.04) | 0.82 | (4.45) |
(3.99)
|
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 60.86 | 48.25 | 39.35 | 42.52 | — | — | — |
Low Price
|
| ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 81.44 | 75.18 | 61.08 | 63.33 | — | — | — |
High Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 34,300 | 34,100 | 34,100 | 32,500 | — | — | — |
Employees
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.35 | 1.32 | 1.42 | 1.48 | — | — | — |
Revenue/Emp
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 46,159.00 | 45,006.00 | 48,300.00 | 48,194.00 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 78.04% | 76.24% | 71.08% | 71.08% | — | — | — |
Gross Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 7,713.00 | 8,440.00 | (8,379.00) | 9,328.00 | — | — | — |
EBT
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 16.71% | 18.75% | (17.35%) | 19.36% | ‡‡‡ | ‡‡‡ | ‡‡‡ |
EBT Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 6,345.00 | 8,040.00 | (8,933.00) | 7,055.00 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Net Income
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 10,276.00 | 9,760.00 | 9,600.00 | 4,011.00 | — | — | — |
Depreciation
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 21.67 | 21.75 | 23.83 | 23.69 | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ |
Revenue/Sh
|
| ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | 2.97 | 3.88 | (4.41) | 3.47 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Earnings/Sh
|
| ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 6.13 | 6.70 | 7.49 | 6.96 | — | — | — |
Cash Flow/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.52) | (0.58) | (0.62) | (0.64) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Capex/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 5.61 | 6.11 | 6.88 | 6.32 | — | — | — |
Free CF/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 14.61 | 14.25 | 8.08 | 9.10 | — | — | — |
Book Value/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2,130.00 | 2,069.00 | 2,027.00 | 2,034.00 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Shares
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | 24.25 | 13.60 | 0.00 | 15.59 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
PE Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 3.33 | 2.43 | 2.37 | 2.28 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PS Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 4.95 | 3.70 | 7.00 | 5.93 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PB Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 3.99 | 3.04 | 3.18 | 2.99 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
EV/Sales
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 15.40 | 10.80 | 11.01 | 11.22 | — | — | — |
EV/FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 13,066.00 | 13,860.00 | 15,190.00 | 14,156.00 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Op' Cash Flow
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (1,118.00) | (1,209.00) | (1,248.00) | (1,311.00) | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Capex
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 11,948.00 | 12,651.00 | 13,942.00 | 12,845.00 | — | — | — |
FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 5,383.00 | 9,508.00 | 6,006.00 | 5,973.00 | — | — | — |
Working Cap'
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 39,320.00 | 39,772.00 | 49,649.00 | 45,111.00 | — | — | — |
Total Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 30,067.00 | 27,492.00 | 38,790.00 | 34,438.00 | — | — | — |
Net Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 31,118.00 | 29,485.00 | 16,388.00 | 18,506.00 | — | — | — |
Sh' Equity
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 6.14% | 8.36% | (9.53%) | 7.72% | — | — | — |
ROA
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 7.88% | 9.26% | (9.49%) | 11.01% | — | — | — |
ROIC
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 18.85% | 26.48% | (39.01%) | 40.43% | — | — | — |
ROE
|
Bristol Myers Squibb (BMY) exemplifies Big Pharma’s high-stakes evolution, propelled by the transformative $74 billion Celgene acquisition in 2019 that catapulted revenue from $26 billion to over $45 billion annually, fueled by oncology blockbusters like Revlimid. Yet, this growth now confronts patent cliffs—Revlimid’s U.S. exclusivity loss eroded sales, flattening 2025 revenue projections at $48.2 billion and signaling modest declines ahead. Resilient cash cows like Eliquis and Opdivo, paired with operational efficiencies (revenue per employee exceeding $1.4 million), underscore a steadying giant amid volatility from integration costs and one-time charges.
Profitability swings wildly—$9 billion losses in 2020 and 2024 from impairments contrast with robust operating cash flow nearing $16 billion and free cash flow per share at $6.32, funding dividends, buybacks, and a $12-14 billion M&A war chest despite $45 billion debt. Insider activity tilts bearish, highlighted by the CFO’s $2.65 million share sale, tempering optimism. Balance sheet metrics like ROE’s projected 40% rebound in 2025 and compressing EV/FCF at 11x reveal undervaluation, with forward P/E at 12-13x versus peers.
Forward, BMY pivots to innovation via RayzeBio’s radiopharma and Karuna’s KarXT neuroscience approvals, eyeing 5-10% growth by 2028 amid earnings surges to $10 billion net income in 2026. Analyst targets suggest up to 19% upside, positioning this dividend stalwart as a patient investor’s turnaround play—balancing Celgene’s legacy hangover with next-gen promise in a sector yearning for predictability.
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