Moderna, Inc.
MRNA Healthcare Biotechnology
Moderna, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.9 billion, down 39.9% from fiscal 2024. In the quarter to June 2026, revenue grew 2.11%, EPS grew 7.51%, free cash flow grew 38.9% and total debt rose 1,765.6%, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100.
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Moderna, Inc. (MRNA) Net margin
Moderna, Inc.'s net margin over the twelve months to 30 June 2026 was −141.4%, up 3.7 percentage points from fiscal 2025 (−145.2%). Over the past ten years it has ranged from −856.7% (fiscal 2019) to 66.1% (fiscal 2021); the current reading is higher than 40% of that period. That is below the Biotechnology industry median of 0.00% and below the Healthcare sector median of 0.00%.
Net margin, annual
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Annual newest first
| Period | Net margin | Change (points) |
|---|---|---|
| FY2025 | −145.2% | (35.12) |
| FY2024 | −110.0% | (41.20) |
| FY2023 | −68.8% | (112.25) |
| FY2022 | 43.4% | (22.65) |
| FY2021 | 66.1% | 159.09 |
| FY2020 | −93.0% | 763.64 |
| FY2019 | −856.7% | (559.15) |
| FY2018 | −297.5% | (166.42) |
| FY2017 | −131.1% | 81.37 |
| FY2016 | −212.5% | — |
Quarterly newest first
| Period | Net margin | Change (points) |
|---|---|---|
| Jun 2026 | −539.3% | (194.07) |
| Mar 2026 | −345.2% | (223.41) |
| Dec 2025 | −121.8% | (102.14) |
| Sep 2025 | −19.7% | 561.30 |
| 30 more quarters | Free account |
Against its own ten years
Net margin against peers
| Company | Net margin |
|---|---|
| VRTX Vertex Pharmaceuticals Incorporated compare | 35.0% |
| ARGX argenex SE compare | 32.2% |
| RPRX Royalty Pharma PLC compare | 32.0% |
| REGN Regeneron Pharmaceuticals, Inc. compare | 27.9% |
| ALNY Alnylam Pharmaceuticals, Inc. compare | 16.1% |
| ONC BeOne Medicines Ltd. - Sponsored ADR compare | 10.7% |
| RVMD Revolution Medicines, Inc. compare | 0.00% |
| MRNA Moderna, Inc. | −141.4% |
| ROIV Roivant Sciences Ltd. compare | −3,535.0% |
| Biotechnology industry median | 0.00% |
| Healthcare sector median | 0.00% |
| Market median | 0.45% |
What Net margin is
Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.
Net Income Allotted to Shareholders ÷ Revenue
More on MRNA
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating 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
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- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
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