Regeneron Pharmaceuticals, Inc. (REGN)

Regeneron Pharmaceuticals, Inc. discovers, invents, develops, manufactures, and commercializes medicines to treat various diseases worldwide. The company develops product candidates to treat eye, allergic and inflammatory, cardiovascular, metabolic, neurological, infectious, and rare diseases; and cancer, hematologic conditions. It also offers EYLEA injections for wet age-related macular degeneration and diabetic macular edema; myopic choroidal neovascularization; diabetic retinopathy; neovascular glaucoma; retinopathy of prematurity; Dupixent injection to treat atopic dermatitis and asthma; Libtayo injection for metastatic or locally advanced cutaneous squamous cell carcinoma; Praluent injection to treat heterozygous familial hypercholesterolemia (HoFH); and Kevzara solution for rheumatoid arthritis. It has license and collaboration agreement with Bayer for the development and commercialization of EYLEA 8 mg and EYLEA; Alnylam Pharmaceuticals, Inc. to discover, develop, and commercialize RNAi therapeutics for diseases by addressing therapeutic disease targets expressed in the eye and central nervous system; Intellia Therapeutics, Inc. to advance CRISPR/Cas9 gene-editing technology for in vivo therapeutic development for therapies focused on neurological and muscular diseases; Hansoh Pharmaceuticals Group Company Limited to acquire development and commercial rights for HS-20094, a dual GLP-1/GIP receptor; and Tessera Therapeutics, Inc. develops and commercializes TSRA-196, an investigational gene editing therapy for Alpha-1 antitrypsin deficiency. Additionally, the company has a strategic collaboration with Telix Pharmaceuticals Limited to develop and commercialize radiopharmaceutical therapies. It also has a strategic collaboration with CytomX Therapeutics, Inc. to create conditionally-activated bispecific cancer therapies. The company was incorporated in 1988 and is based in Tarrytown, New York.

Symbol
REGN
Exchange
Nasdaq
Sector
Healthcare
Industry
Biotechnology
Market cap
$76.13B
52 week range
541 - 859.34

Valuation

Share price
$734.81 (close of 2026-10-01)
P/E (TTM)
17.69x
Price to book
2.40x
Price to free cash flow
20.24x
Enterprise value
$76.38B
Book value per share
$308.48

Price performance

PeriodChange
1 day-3.09%
5 days-7.69%
1 month-10.80%
3 months+17.62%
6 months-5.46%
Year to date-4.80%
1 year+22.48%
3 years-10.71%
5 years+28.74%
10 years+82.78%
All time+3377.57%

Members of Congress who disclosed REGN trades

Julie Johnson · Robert Bresnahan · Byron Donalds · Gilbert Ray Cisneros · Alan Armstrong · Jefferson Shreve · Josh Gottheimer · Julia Letlow

Super investors holding REGN

Dodge & Cox (Dodge & Cox Funds) · Mason Hawkins (Southeastern Asset Management)

Profitability and growth

Return on equity
14.41%
Return on invested capital
9.25%
Return on assets
11.11%
Return on capital employed
9.89%
Gross margin
84.56%
Net margin
31.41%
EBITDA margin
28.74%
Revenue growth
0.99%
Net income growth
2.09%
Free cash flow growth
11.35%

Cash flow and balance sheet

Free cash flow yield (TTM)
4.94%
Current ratio
3.34x
Net debt to EBITDA
0.04x

Latest reported year

Period end
2025-12-31
Fiscal year
2025
Revenue
$14.34B
Cost of revenue
$2.21B
Gross profit
$12.13B
EBITDA
$4.12B
Net income
$4.50B
Earnings per share
$43.07
Research and development
$5.85B
Shares outstanding
104.60M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2025-12-31$14.34B$12.13B$4.50B$43.07
2024-12-31$14.20B$12.08B$4.41B$40.90
2023-12-31$13.12B$11.12B$3.95B$37.05
2022-12-31$12.17B$10.45B$4.34B$40.51
2021-12-31$16.07B$13.63B$8.08B$76.40
2020-12-31$8.50B$7.57B$3.51B$32.65
2019-12-31$6.56B$6.15B$2.12B$19.38
2018-12-31$5.15B$4.91B$2.44B$22.65
2017-12-31$5.87B$5.67B$1.20B$11.27
2016-12-31$4.86B$4.67B$895.50M$8.55

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-12-3184.56%31.41%14.41%9.25%
2024-12-3185.04%31.07%15.03%12.25%
2023-12-3184.75%30.14%15.22%14.65%
2022-12-3185.82%35.64%19.14%18.95%
2021-12-3184.82%50.25%43.03%41.42%
2020-12-3189.08%41.35%31.86%28.45%
2019-12-3193.86%32.26%19.08%18.58%
2018-12-3195.38%47.50%27.91%33.27%
2017-12-3196.55%20.41%19.51%22.50%
2016-12-3196.00%18.42%20.13%22.90%

Cash and debt by year

Period endCashDebt
2025-12-31$3.12B$1.99B
2024-12-31$2.49B$1.98B
2023-12-31$2.73B$1.98B
2022-12-31$3.11B$1.98B
2021-12-31$2.89B$1.98B
2020-12-31$2.19B$1.98B
2019-12-31$1.62B-
2018-12-31$1.47B-
2017-12-31$812.70M-
2016-12-31$535.20M-

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-31$4.08B$993.70M
2024-12-31$3.66B$982.80M
2023-12-31$3.88B$885.00M
2022-12-31$4.42B$725.00M
2021-12-31$6.53B$601.70M
2020-12-31$2.00B$432.00M
2019-12-31$2.00B$464.30M
2018-12-31$1.81B$427.40M
2017-12-31$1.03B$507.30M
2016-12-31$974.00M$559.90M

Dividend history

Most recent payment
2026-08-18
Paid in the last twelve months
$3.70
Payment dateDividend per share
2026-08-18$0.94
2026-05-20$0.94
2026-02-20$0.94
2025-11-20$0.88
2025-08-18$0.88
2025-05-20$0.88
2025-02-20$0.88

Investor relations

Next earnings report

Next confirmed report
2026-10-30
Consensus EPS estimate
$12.89

Past earnings dates

ReportedFiscal periodEPS estimate
2026-07-30Jun/2026$8.00
2026-04-29--
2026-01-30--
2025-10-28--
2025-08-01--
2025-04-29--
2025-02-04--
2024-10-31--

Filings and sources

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

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