Ligand Pharmaceuticals Incorporated

LGND Healthcare Biotechnology

Ligand Pharmaceuticals Incorporated’s revenue for fiscal 2025 (year ended December 2025) was $268.1 million, up 60.4% from fiscal 2024.

Revenue
−31.8%
EPS
−123.9%
Free cash flow
−268.5%
Total debt
+52.6%

Quarter to September 2026, against a year earlier

306.43 7.43 +2.48%
Market cap
$6.0B
P/E
116×
Fwd P/E
88.3×
Dividend yield
—
F-score
6/9
Altman Z
5.45
Beneish M
−4.02
Dividend safety
n/a
Sep '26 Jun '26 Mar '26 Dec '25 Older periods
P/E ratio
120.61 31.58 25.47 30.01

+8 more quarters

P/S ratio
24.57 21.83 14.46 13.64
P/FCF ratio
60.32 44.23 29.50 60.02
P/Operating CF
(226.00) 264.04 81.53 79.63
P/B ratio
6.48 6.55 3.98 3.59
EV/Sales
25.66 21.25 13.49 12.77
EV/EBITDA
113.59 49.70 29.82 48.15
EV/FCF
63.00 43.07 27.50 56.19
Current Ratio
1.22 31.18 21.28 22.23
Net Debt/EBITDA
(48.67) (14.86) (13.85) (15.39)
Debt/Equity
0.71 1.16 0.45 0.44
Earnings Yield
0.83% 3.17% 3.93% 3.33%
Free Cash Flow Yield
1.66% 2.26% 3.39% 1.67%
Free Cash Flow per Share
(1.26) 1.19 2.79 2.34
Book value per Share
48.18 48.22 50.16 52.60
Free Cash Flow
(25.09) 23.87 55.44 45.31
EV/EBIT
276.12 65.18 39.14 83.48
Other line items

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Columns are period end dates · fundamentals updated 5 Nov 2026