Saturday 17 October 2026
Export TEVA’s income statement to Excel — free account
Teva Pharmaceutical Industries Ltd.
TEVA Healthcare Drug Manufacturers Specialty & Generic
In the quarter to June 2026, revenue was flat, EPS fell 296.0%, free cash flow grew 121.4% and total debt fell 3.69%, each against the same quarter a year earlier. Revenue growth for three consecutive years.
41.52
0.41
+1.00%
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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 | 34.57 | 10.85 | 14.59 | 6.07 | 6.25 | 7.73 | 6.78 | 7.09 | 10.45 | 12.47 |
Analyst estimates 2026–2028 Powerpack |
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| High | 65.92 | 38.31 | 25.96 | 20.21 | 13.76 | 13.30 | 11.34 | 11.45 | 22.80 | 31.99 | |||||
| People | |||||||||||||||
| People | Employees | 56,960 | 51,792 | 42,535 | 40,039 | 40,216 | 37,537 | 36,826 | 37,851 | 36,830 | 33,950 | ||||
| Revenue/emp, $m | 0.38 | 0.43 | 0.43 | 0.42 | 0.41 | 0.42 | 0.41 | 0.42 | 0.45 | 0.51 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | 21,903 | 22,385 | 18,271 | 16,887 | 16,659 | 15,878 | 14,925 | 15,846 | 16,544 | 17,258 | ||||
| Gross margin, % | 54.14 | 47.42 | 45.41 | 44.63 | 46.38 | 47.83 | 46.72 | 48.25 | 48.74 | 51.79 | |||||
| EBT | 824 | (18,379) | (2,596) | (1,265) | (4,406) | 658 | (3,163) | (624) | (1,284) | 1,223 | |||||
| EBT margin, % | 3.76 | (82.10) | (14.21) | (7.49) | (26.45) | 4.14 | (21.19) | (3.94) | (7.76) | 7.09 | |||||
| Net income | 311 | (16,449) | (2,472) | (1,000) | (4,099) | 456 | (2,499) | (615) | (1,959) | 1,418 | |||||
| Depreciation | 1,524 | 2,112 | 1,842 | 1,722 | 1,557 | 1,330 | 1,308 | 1,153 | 1,059 | 1,002 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | 22.94 | 22.03 | 17.90 | 15.48 | 15.21 | 14.41 | 13.45 | 14.16 | 14.63 | 15.07 | ||||
| Earnings | 0.07 | (16.26) | (2.35) | (0.91) | (3.64) | 0.38 | (2.12) | (0.50) | (1.45) | 1.23 | |||||
| Cash flow | 5.47 | 2.19 | 2.40 | 0.69 | 1.11 | 0.72 | 1.43 | 1.22 | 1.10 | 1.44 | |||||
| Capex | 1.15 | 2.56 | 0.23 | (0.17) | (0.47) | (0.23) | (0.43) | (0.41) | (0.40) | (0.41) | |||||
| Free cash flow | 6.62 | 4.75 | 2.63 | 0.52 | 0.64 | 0.50 | 1.00 | 0.81 | 0.70 | 1.03 | |||||
| Book value | 36.64 | 18.45 | 15.47 | 13.81 | 10.10 | 10.20 | 7.75 | 7.26 | 4.76 | 6.91 | |||||
| Shares, m | 955 | 1,016 | 1,021 | 1,091 | 1,095 | 1,102 | 1,110 | 1,119 | 1,131 | 1,145 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 535.43 | 0.00 | 0.00 | 0.00 | 0.00 | 21.08 | 0.00 | 0.00 | 0.00 | 25.17 | ||||
| P/S | 1.63 | 0.87 | 0.86 | 0.63 | 0.63 | 0.56 | 0.71 | 0.75 | 1.51 | 2.07 | |||||
| P/B | 1.14 | 1.28 | 1.00 | 0.71 | 0.96 | 0.79 | 1.23 | 1.47 | 4.63 | 4.52 | |||||
| EV/Sales | 3.22 | 2.28 | 2.35 | 2.11 | 2.06 | 1.87 | 1.94 | 1.80 | 2.38 | 2.84 | |||||
| EV/FCF | 11.16 | 10.55 | 15.97 | 62.94 | 48.66 | 54.31 | 26.12 | 31.37 | 49.76 | 41.44 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | 5,225 | 2,225 | 2,446 | 748 | 1,216 | 798 | 1,590 | 1,368 | 1,247 | 1,649 | ||||
| Capex | 1,101 | 2,603 | 239 | (182) | (511) | (251) | (480) | (458) | (455) | (467) | |||||
| Free cash flow | 6,326 | 4,828 | 2,685 | 566 | 705 | 547 | 1,110 | 910 | 792 | 1,182 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | (1,260) | (2,539) | (528) | (210) | (159) | 1,546 | 582 | 238 | (244) | 490 | ||||
| Total debt | 35,800 | 32,475 | 28,916 | 26,907 | 25,919 | 23,043 | 21,212 | 19,833 | 17,783 | 16,806 | |||||
| Net debt | 34,812 | 31,512 | 27,134 | 24,932 | 23,742 | 20,878 | 18,411 | 16,607 | 14,483 | 13,250 | |||||
| Shareholders’ equity | 34,993 | 18,745 | 15,794 | 15,063 | 11,061 | 11,244 | 8,598 | 8,126 | 5,380 | 7,914 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | 0.09 | (20.19) | (3.65) | (1.69) | (7.38) | 0.85 | (5.34) | (1.28) | (3.96) | 3.52 | ||||
| ROIC | 1.93 | (21.74) | 2.02 | (0.69) | (6.41) | 3.34 | (5.08) | 1.09 | 3.07 | 6.37 | |||||
| ROE | 0.23 | (71.10) | (15.52) | (6.48) | (30.55) | 3.74 | (24.65) | (6.69) | (24.27) | 21.21 | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
Teva Pharmaceutical Industries Ltd. vs peers in Drug Manufacturers Specialty & Generic (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 |
|---|---|---|---|---|---|---|---|---|---|
| TAK Takeda Pharmaceutical Co. | $61.9B | 29.6× | — | +1.71% (above 0%: growing) | −4.35% (below 0%: shrinking) | −95.56% (below 0%: shrinking) | 66.66% | 16.51% | Compare |
| TEVA Teva Pharmaceutical Industries Ltd. | $47.9B | 65.9× | 30.7× | −0.81% (below 0%: shrinking) | n/m | +121.43% (above 0%: growing) | 51.98% | (2.03%) | |
| HLN Haleon PLC Sponsored ADR | $43.7B | 22.6× | 17.6× | −0.32% (below 0%: shrinking) | +40.00% (above 0%: growing) | −42.94% (below 0%: shrinking) | 62.88% | 25.36% | Compare |
| ZTS Zoetis Inc. | $32.4B | 13.0× | 12.3× | −0.24% (below 0%: shrinking) | +2.48% (above 0%: growing) | +17.43% (above 0%: growing) | 72.73% | 37.56% | Compare |
| UTHR United Therapeutics Corporation | $23.2B | 17.6× | 20.1× | −1.92% (below 0%: shrinking) | +13.99% (above 0%: growing) | +58.76% (above 0%: growing) | 87.30% | 42.23% | Compare |
| VTRS Viatris Inc. | $20.9B | — (loss-making) | 61.1× | +4.88% (above 0%: growing) | n/m | +101.08% (above 0%: growing) | 38.77% | 0.17% | Compare |
| NBIX Neurocrine Biosciences, Inc. | $13.9B | 19.2× | 30.5× | +39.49% (above 0%: growing) | +31.19% (above 0%: growing) | +43.69% (above 0%: growing) | 97.58% | 15.80% | Compare |
| ELAN Elanco Animal Health Incorporated | $11.8B | — (loss-making) | 278× | +10.23% (above 0%: growing) | +450.00% (above 0%: growing) | +35.56% (above 0%: growing) | 58.33% | 7.97% | Compare |
| RDY Dr. Reddy's Laboratories Ltd | $10.7B | 32.9× | 24.3× | −14.44% (below 0%: shrinking) | −70.00% (below 0%: shrinking) | −143.40% (below 0%: shrinking) | 46.54% | 4.81% | Compare |
| Median of peers | $22.1B | 20.9× | 24.3× | +0.74% | +13.99% | +26.50% | 64.77% | 16.16% |
Teva Pharmaceutical Industries Ltd. (TEVA) key facts
- Teva Pharmaceutical Industries Ltd. (TEVA) is a Drug Manufacturers Specialty & Generic company in the Healthcare sector, traded in the US as an ADR.
- As of October 16, 2026, TEVA traded at $41.52, a market capitalization of $47.9 billion.
- Return on equity was 21.2% and debt-to-equity 2.14.
- Its Piotroski F-score is 8 out of 9 and its Altman Z-score is 0.79 (distress zone) for fiscal 2025.