Xencor, Inc.

XNCR Healthcare Biotechnology

Xencor, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $125.6 million, up 13.7% from fiscal 2024.

Revenue
+17.5%
EPS
+29.3%
Free cash flow
−52.9%

Quarter to June 2026, against a year earlier

36.33 2.28 +6.70%
Market cap
$2.5B
P/E
0.0×
Fwd P/E
−9.9×
Dividend yield
—
F-score
3/9
Altman Z
1.73
Beneish M
−2.86
Dividend safety
n/a

Xencor, Inc. (XNCR) Operating margin

Alert me on Operating margin

Xencor, Inc.'s operating margin over the twelve months to 30 June 2026 was −205.8%, down 64.5 percentage points from fiscal 2025 (−141.4%). Over the past ten years it has ranged from −195.5% (fiscal 2018) to 40.4% (fiscal 2016); the current reading is higher than 27% of that period. That is below the Biotechnology industry median of 0.00% and below the Healthcare sector median of 0.00%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 −141.4% 20.12
FY2024 −161.5% (85.67)
FY2023 −75.8% (25.69)
FY2022 −50.1% (66.02)
FY2021 15.9% 78.50
FY2020 −62.6% (71.41)
FY2019 8.82% 204.30
FY2018 −195.5% (102.04)
FY2017 −93.4% (133.84)
FY2016 40.4% 106.45

Quarterly newest first

Period Operating margin Change (points)
Jun 2026 −72.4% 1,651.77
Mar 2026 −1,724.1% (1,534.22)
Dec 2025 −189.9% 36.37
Sep 2025 −226.3% (150.22)
42 more quarters

Against its own ten years

Low −195.5% High 40.4%
Ten-year median −66.1%
Current reading's percentile 5

Operating margin against peers

Company Operating margin
ADMA ADMA Biologics Inc compare 46.5%
MBX MBX Biosciences, Inc. compare 0.00%
PHVS Pharvaris N.V. compare 0.00%
ZLAB Zai Lab Limited Unsponsored ADR compare −63.0%
XNCR Xencor, Inc. −205.8%
BEAM Beam Therapeutics Inc. compare −267.7%
RCUS Arcus Biosciences, Inc. compare −475.0%
RXRX Recursion Pharmaceuticals, Inc. compare −725.4%
NAMS NewAmsterdam Pharma Company N.V. compare −900.1%
Biotechnology industry median 0.00%
Healthcare sector median 0.00%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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