Bristol Myers Squibb Company

BMY Healthcare Drug Manufacturers General

Bristol Myers Squibb Company’s revenue for fiscal 2025 (year ended December 2025) was $48.2 billion, roughly unchanged from fiscal 2024.

Revenue
+6.93%
EPS
−2.02%
Free cash flow
−36.0%
Total debt
−12.5%

Quarter to September 2026, against a year earlier

62.12 1.01 −1.60%
Market cap
$129.0B
P/E
13.7×
Fwd P/E
11.9×
Dividend yield
4.06%
F-score
8/9
Altman Z
2.14
Beneish M
−2.69
Dividend safety
63/100

Bristol Myers Squibb Company (BMY) Free cash flow margin

Alert me on Free cash flow margin

Bristol Myers Squibb Company's free cash flow margin over the twelve months to 30 September 2026 was 18.6%, down 8.1 percentage points from fiscal 2025 (26.7%). Over the past ten years it has ranged from 7.76% (fiscal 2015) to 32.8% (fiscal 2021); the current reading is higher than 45% of that period. That is in line with the Drug Manufacturers General industry median of 18.6% and above the Healthcare sector median of 0.00%.

Free cash flow margin, annual

Embed this chart

Annual newest first

Period Free cash flow margin Change (points)
FY2025 26.7% (2.22)
FY2024 28.9% 0.76
FY2023 28.1% 2.23
FY2022 25.9% (6.96)
FY2021 32.8% 1.56
FY2020 31.3% 3.08
FY2019 28.2% 1.10
FY2018 27.1% 6.79
FY2017 20.3% 10.82
FY2016 9.49% 1.73

Against its own ten years

Low 7.76% High 32.8%
Ten-year median 27.1%
Current reading's percentile 45

Free cash flow margin against peers

Company Free cash flow margin
GILD Gilead Sciences, Inc. compare 44.5%
SNY Sanofi compare 40.3%
NVS Novartis AG compare 24.7%
AMGN Amgen Inc. compare 24.6%
GSK GSK PLC Sponsored ADR compare 19.7%
BMY Bristol Myers Squibb Company 18.6%
PFE Pfizer Inc. compare 18.5%
NVO Novo Nordisk A/S compare 13.3%
AZN AstraZeneca PLC compare 10.2%
Drug Manufacturers General industry median 18.6%
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

The full definition of Free cash flow margin →

More on BMY