Amgen Inc (AMGN)

Amgen Inc. discovers, develops, manufactures, and delivers human therapeutics worldwide. The company's principal products include Enbrel for the treatment of rheumatoid arthritis, plaque psoriasis, and psoriatic arthritis; Otezla for the treatment of adult patients with plaque psoriasis, psoriatic arthritis, and oral ulcers associated with Behçet's disease; Prolia to treat postmenopausal women with osteoporosis; XGEVA for skeletal-related events prevention; Repatha, which reduces the risks of myocardial infarction, stroke, and coronary revascularization; Nplate for the treatment of patients with immune thrombocytopenia; KYPROLIS to treat patients with relapsed or refractory multiple myeloma; Aranesp to treat a lower-than-normal number of red blood cells and anemia; EVENITY for the treatment of osteoporosis in postmenopausal for women; Vectibix to treat patients with wild-type RAS metastatic colorectal cancer; BLINCYTO for the treatment of patients with acute lymphoblastic leukemia; TEPEZZA to treat thyroid eye disease; and KRYSTEXXA for the treatment of chronic refractory gout. It also markets other products, including PROLIA, REPATHA, OTEZLA, ENBREL, EVENITY, XGEVA, TEPEZZA, BLINCYTO, NPLATE, TEZSPIRE, KYPROLIS, ARANESP, KRYSTEXXA AND VECTIBIX, MVASI, PAVBLU, UPLIZNA, IMDELLTRA/IMDYLLTRA, AMJEVITA/AMGEVITA, TAVNEOS, NEULASTA, LUMAKRAS/LUMYKRAS, RAVICTI, PARSABIV, AIMOVIG, WEZLANA/WEZENLA, AND PROCYSBI. The company serves healthcare providers, including physicians or their clinics, dialysis centers, hospitals, and pharmacies. It distributes its products through pharmaceutical wholesale distributors. The company has collaboration agreements with AstraZeneca plc for the development and commercialization of TEZSPIRE; BEONE MEDICINES LTD. to develop and commercialize Aimovig; UCB for the development and commercialization of EVENITY; Kyowa Kirin Co., Ltd. for rocatinlimab development and commercialization; and BeiGene, Ltd. for oncology products expansion and development. The company was incorporated in 1980 and is headquartered in Thousand Oaks, California.

Symbol
AMGN
Exchange
Nasdaq
Sector
Healthcare
Industry
Drug Manufacturers - General
Market cap
$224.01B
52 week range
283 - 447.03

Valuation

Share price
$407.27 (close of 2026-10-01)
P/E (TTM)
25.55x
Price to book
19.17x
Price to free cash flow
22.02x
Enterprise value
$267.32B
Book value per share
$21.62

Price performance

PeriodChange
1 day-3.38%
5 days+0.30%
1 month-7.04%
3 months+12.71%
6 months+15.28%
Year to date+24.43%
1 year+36.44%
3 years+51.53%
5 years+90.38%
10 years+144.16%

Members of Congress who disclosed AMGN trades

David Taylor · Marjorie Taylor Greene · Jefferson Shreve · Jared Moskowitz · Julia Letlow · Lisa McClain · Maria Elvira Salazar · Sheldon Whitehouse · Alan Armstrong · Cliff Bentz · Daniel Meuser · Emily Randall

And 4 others

Super investors holding AMGN

David Katz (Matrix Asset Advisors Inc)

Profitability and growth

Return on equity
89.06%
Return on invested capital
14.44%
Return on assets
8.51%
Return on capital employed
13.95%
Gross margin
67.25%
Net margin
20.98%
EBITDA margin
38.77%
Revenue growth
9.95%
Net income growth
88.53%
Free cash flow growth
-22.07%

Cash flow and balance sheet

Free cash flow yield (TTM)
4.54%
Current ratio
1.37x
Net debt to EBITDA
2.46x

Latest reported year

Period end
2025-12-31
Fiscal year
2025
Revenue
$36.75B
Cost of revenue
$12.04B
Gross profit
$24.71B
EBITDA
$14.25B
Net income
$7.71B
Earnings per share
$14.33
Shares outstanding
538.00M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2025-12-31$36.75B$24.71B$7.71B$14.33
2024-12-31$33.42B$20.57B$4.09B$7.62
2023-12-31$28.19B$19.74B$6.72B$12.56
2022-12-31$26.32B$19.92B$6.55B$12.18
2021-12-31$25.98B$19.52B$5.89B$10.34
2020-12-31$25.42B$19.27B$7.26B$12.40
2019-12-31$23.36B$19.01B$7.84B$12.96
2018-12-31$23.75B$19.65B$8.39B$12.70
2017-12-31$22.85B$18.78B$1.98B$2.71
2016-12-31$22.99B$18.83B$7.72B$10.32

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-12-3167.25%20.98%89.06%14.44%
2024-12-3161.53%12.24%69.59%12.48%
2023-12-3170.02%23.83%107.78%11.28%
2022-12-3175.66%24.89%178.97%25.08%
2021-12-3175.16%22.68%87.96%20.90%
2020-12-3175.77%28.57%77.20%22.60%
2019-12-3181.35%33.57%81.07%24.59%
2018-12-3182.73%35.35%67.15%23.08%
2017-12-3182.19%8.66%7.84%26.38%
2016-12-3181.90%33.59%25.85%31.66%

Cash and debt by year

Period endCashDebt
2025-12-31$9.13B$50.01B
2024-12-31$11.97B$56.55B
2023-12-31$10.94B$63.17B
2022-12-31$7.63B$37.35B
2021-12-31$7.99B$33.22B
2020-12-31$6.27B$32.90B
2019-12-31$6.04B$26.95B
2018-12-31$6.95B$29.51B
2017-12-31$41.68B$34.19B
2016-12-31$38.09B$30.19B

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-31$8.10B$494.00M
2024-12-31$10.39B$530.00M
2023-12-31$7.36B$431.00M
2022-12-31$8.79B$401.00M
2021-12-31$8.38B$341.00M
2020-12-31$9.89B$330.00M
2019-12-31$8.53B$308.00M
2018-12-31$10.56B$311.00M
2017-12-31$10.51B$329.00M
2016-12-31$9.62B$311.00M

Dividend history

Most recent payment
2026-08-21
Paid in the last twelve months
$9.94
Payment dateDividend per share
2026-08-21$2.52
2026-05-15$2.52
2026-02-13$2.52
2025-11-21$2.38
2025-08-22$2.38
2025-05-16$2.38
2025-02-14$2.38
2024-11-18$2.25

Investor relations

Next earnings report

Next confirmed report
2026-11-03
Consensus EPS estimate
$5.69

Past earnings dates

ReportedFiscal periodEPS estimate
2026-08-04Jun/2026$5.60
2026-04-30--
2026-02-03--
2025-11-04--
2025-08-05--
2025-05-01--
2025-02-04--
2024-10-30--

Filings and sources

Company website
amgen.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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