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

62.43 0.70 −1.11%
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) Operating margin

Alert me on Operating margin

Bristol Myers Squibb Company's operating margin over the twelve months to 30 September 2026 was 22.7%, up 3.3 percentage points from fiscal 2025 (19.4%). Over the past ten years it has ranged from −17.4% (fiscal 2024) to 30.5% (fiscal 2016); the current reading is higher than 73% of that period. That is above the Drug Manufacturers General industry median of 18.3% and above the Healthcare sector median of 0.00%.

Operating margin, annual

Embed this chart

Annual newest first

Period Operating margin Change (points)
FY2025 19.4% 36.71
FY2024 −17.4% (36.10)
FY2023 18.8% 2.04
FY2022 16.7% (0.75)
FY2021 17.5% 33.62
FY2020 −16.2% (35.19)
FY2019 19.0% (7.42)
FY2018 26.5% 1.75
FY2017 24.7% (5.75)
FY2016 30.5% 17.91

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 19.4% (12.10)
Jun 2026 31.5% 3.31
Mar 2026 28.2% 16.42
Dec 2025 11.8% (13.71)
43 more quarters

Against its own ten years

Low −17.4% High 30.5%
Ten-year median 18.8%
Current reading's percentile 70

Operating margin against peers

Company Operating margin
NVO Novo Nordisk A/S compare 43.4%
AMGN Amgen Inc. compare 32.4%
NVS Novartis AG compare 25.2%
AZN AstraZeneca PLC compare 23.7%
BMY Bristol Myers Squibb Company 22.7%
PFE Pfizer Inc. compare 21.4%
SNY Sanofi compare 18.7%
GSK GSK PLC Sponsored ADR compare 18.0%
GILD Gilead Sciences, Inc. compare −7.63%
Drug Manufacturers General industry median 18.3%
Healthcare sector median 0.00%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

More on BMY