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

62.46 0.67 −1.06%
Market cap
$129.0B
P/E
14.0×
Fwd P/E
11.9×
Dividend yield
3.99%
F-score
8/9
Altman Z
2.14
Beneish M
−2.69
Dividend safety
63/100

Bristol Myers Squibb Company (BMY) Gross margin

Alert me on Gross margin

Bristol Myers Squibb Company's gross margin over the twelve months to 30 September 2026 was 69.2%, down 1.8 percentage points from fiscal 2025 (71.1%). Over the past ten years it has ranged from 69.1% (fiscal 2019) to 78.6% (fiscal 2021); the current reading is higher than 36% of that period. That is below the Drug Manufacturers General industry median of 73.0% and above the Healthcare sector median of 53.9%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 71.1% 0.00
FY2024 71.1% (5.16)
FY2023 76.2% (1.80)
FY2022 78.0% (0.53)
FY2021 78.6% 6.26
FY2020 72.3% 3.21
FY2019 69.1% (2.24)
FY2018 71.3% 0.29
FY2017 71.1% (3.37)
FY2016 74.4% (1.97)

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 68.3% (3.00)
Jun 2026 71.3% 1.06
Mar 2026 70.2% 2.98
Dec 2025 67.2% (4.65)
43 more quarters

Against its own ten years

Low 69.1% High 78.6%
Ten-year median 72.3%
Current reading's percentile 7

Gross margin against peers

Company Gross margin
AZN AstraZeneca PLC compare 81.9%
NVO Novo Nordisk A/S compare 80.7%
GILD Gilead Sciences, Inc. compare 79.9%
NVS Novartis AG compare 74.9%
SNY Sanofi compare 73.4%
PFE Pfizer Inc. compare 73.4%
GSK GSK PLC Sponsored ADR compare 72.6%
AMGN Amgen Inc. compare 70.9%
BMY Bristol Myers Squibb Company 69.2%
Drug Manufacturers General industry median 73.0%
Healthcare sector median 53.9%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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