Harmony Biosciences Holdings, Inc.

HRMY Healthcare Biotechnology

Harmony Biosciences Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $868.5 million, up 21.5% from fiscal 2024.

Revenue
+12.3%
EPS
−6.24%
Free cash flow
−29.4%
Total debt
−11.5%

Quarter to September 2026, against a year earlier

33.04 0.57 +1.76%
Market cap
$1.9B
P/E
10.7×
Fwd P/E
9.9×
Dividend yield
—
F-score
5/9
Altman Z
5.23
Beneish M
−2.99
Dividend safety
n/a

Harmony Biosciences Holdings, Inc. (HRMY) Price to free cash flow

Alert me on Price to free cash flow

As of 6 November 2026, Harmony Biosciences Holdings, Inc. (HRMY) trades at a price to free cash flow of 6.8×. Over the past ten years it has ranged from 0.0× (March 2022) to 52.5× (June 2021); the current reading is higher than 31% of that period. That is below the Biotechnology industry median of 25.2× and below the Healthcare sector median of 20.5×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 7.0× (36.22%)
FY2024 11.0× 7.14%
FY2023 10.2× (65.97%)
FY2022 30.0× —
FY2021 0.0× —
FY2020 0.0× —
FY2019 0.0× —

Quarterly newest first

Period Price to free cash flow Change
Sep 2026 8.1× 21.03%
Jun 2026 6.7× 24.83%
Mar 2026 5.4× (23.17%)
Dec 2025 7.0× 13.17%
23 more quarters

Against its own ten years

Low 0.0× High 52.5×
Ten-year median 10.2×
Current reading's percentile 31

Price to free cash flow against peers

Company Price to free cash flow
TRVI Trevi Therapeutics, Inc. compare n/m
MESO Mesoblast Limited compare n/m
MAZE Maze Therapeutics, Inc. compare n/m
VIR Vir Biotechnology, Inc. compare n/m
TRAX First Tracks Biotherapeutics, Inc. compare n/m
REPL Replimune Group, Inc. compare n/m
HRMY Harmony Biosciences Holdings, Inc. 6.8×
SRPT Sarepta Therapeutics, Inc. compare 11.1×
FTRE Fortrea Holdings Inc. compare 12.3×
Biotechnology industry median 25.2×
Healthcare sector median 20.5×
Market median 14.0×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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