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. In the quarter to June 2026, revenue grew 5.74%, EPS grew 153.1%, free cash flow fell 13.2% and total debt fell 12.3%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for twenty-five consecutive years.
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Bristol Myers Squibb Company (BMY) Operating margin
Bristol Myers Squibb Company's operating margin over the twelve months to 30 June 2026 was 24.2%, up 4.9 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 18.8% and above the Healthcare sector median of 0.00%.
Operating margin, annual
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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) |
|---|---|---|
| Jun 2026 | 31.5% | 3.31 |
| Mar 2026 | 28.2% | 16.42 |
| Dec 2025 | 11.8% | (13.71) |
| Sep 2025 | 25.5% | 11.04 |
| 42 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| NVO Novo Nordisk A/S compare | 43.4% |
| NVS Novartis AG compare | 30.2% |
| AMGN Amgen Inc. compare | 30.0% |
| BMY Bristol Myers Squibb Company | 24.2% |
| AZN AstraZeneca PLC compare | 22.8% |
| PFE Pfizer Inc. compare | 21.7% |
| GSK GSK PLC Sponsored ADR compare | 19.6% |
| SNY Sanofi compare | 18.2% |
| GILD Gilead Sciences, Inc. compare | −8.20% |
| Drug Manufacturers General industry median | 18.8% |
| 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
More on BMY
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
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- The full statement