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

Ligand Pharmaceuticals Incorporated (LGND) Return on equity

Alert me on Return on equity

Ligand Pharmaceuticals Incorporated's return on equity over the twelve months to 30 September 2026 was 5.38%, down 8.1 percentage points from fiscal 2025 (13.5%). Over the past ten years it has ranged from −4.70% (fiscal 2022) to 175.7% (fiscal 2015); the current reading is higher than 73% of that period. That is above the Biotechnology industry median of −50.1% and above the Healthcare sector median of −26.3%.

Return on equity, annual

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Annual newest first

Period Return on equity Change (points)
FY2025 13.5% 14.00
FY2024 −0.53% (8.56)
FY2023 8.03% 12.73
FY2022 −4.70% (12.17)
FY2021 7.47% 7.87
FY2020 −0.40% (95.16)
FY2019 94.8% 64.92
FY2018 29.8% 26.45
FY2017 3.39% 3.96
FY2016 −0.57% (176.22)

Against its own ten years

Low −4.70% High 175.7%
Ten-year median 7.47%
Current reading's percentile 73

Return on equity against peers

Company Return on equity
PTCT PTC Therapeutics, Inc. compare 61.1%
LGND Ligand Pharmaceuticals Incorporated 5.38%
BLTE Belite Bio, Inc. Sponsored ADR compare 0.00%
ORKA Oruka Therapeutics, Inc. compare −18.3%
CGON CG Oncology, Inc. compare −26.4%
IMVT Immunovant, Inc. compare −80.1%
IONS Ionis Pharmaceuticals, Inc. compare −105.5%
KOD Kodiak Sciences Inc. compare −368.4%
MIRM Mirum Pharmaceuticals, Inc. compare −760.0%
Biotechnology industry median −50.1%
Healthcare sector median −26.3%
Market median 0.51%

What Return on equity is

ROE shows how much profit a company earns for its shareholders on the equity they have in the business.

Annual: Net Income Allotted to Shareholders ÷ Average Common Equity; TTM: Net Income Allotted to Shareholders ÷ Average Common Equity (latest quarter)

The full definition of Return on equity →

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