Bristol Myers Squibb Company (BMY) vs Gilead Sciences, Inc. (GILD)

Bristol Myers Squibb Company and Gilead Sciences, Inc. are both Drug Manufacturers General companies. Gilead Sciences, Inc. is the larger, with a market value of $183.2B against $125.9B — 1.5× the size. Gilead Sciences, Inc. has negative trailing earnings, so its P/E is not meaningful; Bristol Myers Squibb Company trades at 13.8×. Gilead Sciences, Inc. grew revenue faster over the last twelve months: 5.52% against 3.11%. Bristol Myers Squibb Company has the higher net margin (18.9% vs −10.6%) and the higher return on invested capital (13.7% vs −4.48%). Both pay a dividend; Bristol Myers Squibb Company yields more (5.04% vs 4.27%). Across the 22 metrics below, Bristol Myers Squibb Company leads on 15 and Gilead Sciences, Inc. on 7.

Valuation

Metric BMY GILD Drug Manufacturers General median
P/E 13.85 n/m 24.72
P/S 2.61 6.16 3.35
P/B 5.75 15.97 5.00
Price to free cash flow 11.22 14.49 17.68
EV/EBITDA 10.63 804.10 13.91
EV/Sales 3.26 6.92 3.95
Earnings yield 7.22% (1.72%) 2.92%
Free cash flow yield 8.91% 6.90% 4.42%

Profitability

Metric BMY GILD Drug Manufacturers General median
Gross margin 70.16% 79.59% 72.77%
Operating margin 24.22% (8.20%) 18.90%
Net margin 18.87% (10.64%) 8.27%
Free cash flow margin 23.26% 42.50% 17.25%
Return on equity 46.63% (20.68%) 6.97%
Return on assets 10.18% (6.17%) 2.76%
Return on invested capital 13.69% (4.48%) 6.30%

Growth

Metric BMY GILD Drug Manufacturers General median
Revenue growth (TTM) 3.11% 5.52% 6.79%
EPS growth (last fiscal year) 178.46% 1,684.21% —
Revenue growth, 5-year CAGR 2.54% 3.58% 3.98%
Net income growth, 5-year CAGR 0.00% 133.35% 0.42%

Health

Metric BMY GILD Drug Manufacturers General median
Debt to equity 1.93 2.23 0.63
Current ratio 1.53 1.27 1.32
Net debt to EBITDA 2.58 1.35 1.15

Dividend

Metric BMY GILD Drug Manufacturers General median
Dividend yield 5.04% 4.27% 3.57%
Payout ratio 0.60 0.68 0.53

Size

Metric BMY GILD Drug Manufacturers General median
Market cap 125.91b 183.22b 125.91b

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