Saturday 17 October 2026
Export MDGL’s income statement to Excel — free account
Madrigal Pharmaceuticals, Inc.
MDGL Healthcare Biotechnology
Madrigal Pharmaceuticals, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $958.4 million, up 432.1% from fiscal 2024. In the quarter to June 2026, revenue grew 71.2%, EPS fell 32.9%, free cash flow grew 140.5% and total debt rose 187.9%, each against the same quarter a year earlier.
449.74
10.07
−2.19%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 5.25 | 13.09 | 90.56 | 82.31 | 56.82 | 68.56 | 52.33 | 119.76 | 168.25 | 265.00 |
Analyst estimates 2026–2028 Powerpack |
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| High | 18.24 | 101.00 | 325.98 | 148.18 | 137.28 | 142.62 | 315.45 | 322.67 | 368.29 | 615.00 | |||||
| People | |||||||||||||||
| People | Employees | 8 | 8 | 17 | 29 | 42 | 71 | 92 | 376 | 528 | 915 | ||||
| Revenue/emp, $m | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.34 | 1.05 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | — | — | — | — | — | — | — | — | 180 | 958 | ||||
| Gross margin, % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | 96.54 | 94.14 | |||||
| EBT | (26) | (31) | (33) | (84) | (202) | (242) | (295) | (374) | (466) | (288) | |||||
| EBT margin, % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | (258.64) | (30.08) | |||||
| Net income | (26) | (31) | (33) | (84) | (202) | (242) | (295) | (374) | (466) | (288) | |||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 3 | 3 | 6 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 8.47 | 42.72 | ||||
| Earnings | (5.07) | (2.54) | (2.22) | (5.45) | (13.09) | (14.63) | (17.23) | (19.99) | (21.90) | (12.85) | |||||
| Cash flow | (3.38) | (1.82) | (1.72) | (2.70) | (10.20) | (11.12) | (13.12) | (17.35) | (21.42) | (8.45) | |||||
| Capex | 0.13 | (0.01) | 0.00 | (0.01) | (0.02) | (0.01) | (0.01) | (0.08) | (0.30) | (0.15) | |||||
| Free cash flow | (3.25) | (1.83) | (1.73) | (2.71) | (10.22) | (11.14) | (13.13) | (17.43) | (21.72) | (8.60) | |||||
| Book value | 7.00 | 14.88 | 32.24 | 27.06 | 15.54 | 11.86 | 11.52 | 21.69 | 35.46 | 26.87 | |||||
| Shares, m | 5 | 12 | 15 | 15 | 15 | 17 | 17 | 19 | 21 | 22 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | — | — | — | 0.00 | 0.00 | ||||
| P/S | — | — | — | — | — | — | — | — | 0.00 | 13.63 | |||||
| P/B | — | — | — | — | — | — | — | — | 8.70 | 21.68 | |||||
| EV/Sales | — | — | — | — | — | — | — | — | 0.00 | 12.95 | |||||
| EV/FCF | — | — | — | — | — | — | — | — | (12.45) | (64.00) | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | (18) | (22) | (26) | (42) | (158) | (184) | (225) | (324) | (456) | (190) | ||||
| Capex | 1 | 0 | 0 | 0 | 0 | 0 | 0 | (1) | (6) | (3) | |||||
| Free cash flow | (17) | (22) | (26) | (42) | (158) | (184) | (225) | (326) | (462) | (193) | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | 36 | 182 | 477 | 415 | 239 | 195 | 245 | 519 | 864 | 935 | ||||
| Total debt | — | — | — | 0 | 0 | 0 | 49 | 115 | 118 | 340 | |||||
| Net debt | (40) | (192) | (484) | (439) | (284) | (270) | (309) | (519) | (814) | (649) | |||||
| Shareholders’ equity | 36 | 182 | 477 | 417 | 240 | 196 | 197 | 405 | 754 | 603 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | (126.95) | (26.68) | (9.68) | (18.10) | (55.48) | (86.32) | (92.89) | (74.49) | (55.37) | (25.05) | ||||
| ROIC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
| ROE | 422.09 | (28.49) | (9.95) | (18.79) | (61.61) | (110.92) | (150.12) | (123.98) | (80.35) | (42.49) | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
Madrigal Pharmaceuticals, Inc. vs peers in Biotechnology (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| CORT Corcept Therapeutics Incorporated | $12.3B | 212× | 139× | +31.74% (above 0%: growing) | +21.21% (above 0%: growing) | −29.89% (below 0%: shrinking) | 98.41% | 16.12% | Compare |
| SMMT Summit Therapeutics PLC | $12.3B | — (loss-making) | — (loss-making) | −100.00% (below 0%: shrinking) | n/m | −112.80% (below 0%: shrinking) | 0.00% | 0.00% | Compare |
| TECH Bio-Techne Corp | $11.4B | 62.0× | 37.6× | +1.33% (above 0%: growing) | n/m | −6.83% (below 0%: shrinking) | 65.82% | 23.13% | Compare |
| BMRN BioMarin Pharmaceutical Inc. | $10.9B | 144× | 16.1× | +19.91% (above 0%: growing) | −81.60% (below 0%: shrinking) | −20.28% (below 0%: shrinking) | 79.51% | 11.21% | Compare |
| MDGL Madrigal Pharmaceuticals, Inc. | $10.6B | — (loss-making) | — (loss-making) | +71.17% (above 0%: growing) | n/m | +140.54% (above 0%: growing) | 89.02% | (15.46%) | |
| IBRX ImmunityBio, Inc. | $10.6B | — (loss-making) | — (loss-making) | +93.91% (above 0%: growing) | n/m | +13.38% (above 0%: growing) | 99.42% | (120.41%) | Compare |
| PCVX Vaxcyte, Inc. | $10.3B | — (loss-making) | — | — | n/m | −92.55% (below 0%: shrinking) | 0.00% | 0.00% | Compare |
| KRYS Krystal Biotech, Inc. | $9.8B | 38.3× | 38.6× | +24.14% (above 0%: growing) | +39.10% (above 0%: growing) | +40.14% (above 0%: growing) | 94.60% | 49.00% | Compare |
| KYMR Kymera Therapeutics, Inc. | $9.0B | — (loss-making) | — (loss-making) | +466.40% (above 0%: growing) | n/m | +9.97% (above 0%: growing) | 100.00% | (116.32%) | Compare |
| Median of peers | $10.7B | 103× | 38.1× | +24.14% | +21.21% | −13.55% | 87.05% | 5.61% |
Madrigal Pharmaceuticals, Inc. (MDGL) key facts
- Strength: Madrigal Pharmaceuticals, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $958.4 million, up 432.1% from fiscal 2024.
- Madrigal Pharmaceuticals, Inc. (MDGL) is a Biotechnology company in the Healthcare sector, listed on Nasdaq.
- As of October 16, 2026, MDGL traded at $449.74, a market capitalization of $10.6 billion.
- Return on equity was −42.5% and debt-to-equity 0.65.
- Its Altman Z-score is 10.48 (safe zone) for fiscal 2025.