AMGN

Amgen
D

AMGN

Arincen67/100B

If you had invested in Amgen ago, it would be worth $4,223 today, against $4,096 in SPY and $6,368 in QQQ.

ArincenArincen ScoreBeta

67/100

Six parts of the company, five checks each, from its own reported figures. A part scores the checks it passes out of 10; the score is their average out of 100.

Profitability8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Cash8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Valuation6

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Growth8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Financial strength4

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Shareholders6

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Figures to FY2025; the price as of today.

Amgen key facts

Style
Dividend stock · 6.2/10Growth 4.0 · Value 4.4 · Dividend 6.2
Day range
463.21 – 468.67
52-week range
312.39 – 483.99
Market capitalization
251.73B USD
P/E
26.78
PEG ratio
1.58
EPS
17.38
Div Yield
2.17%
EPS growth forecast (FY2026)
+7.8%
Volume
5,562
Beta
0.42
ESG score
63.1/100Environment 67 · Social 53 · Governance 69
Sector
Healthcare
Industry
Drug Manufacturers - General
CEO
Robert A. Bradway
Employees
32K
Website
amgen.com
IPO date
17 Jun 1983

Amgen earnings

Next earnings · Q4 FY2026
EPS estimate
5.64 USD
Revenue estimate
10.45B USD
Last quarter · Q3 FY2026
EPS6.45Beat +11.4%Revenue10.37BBeat +3.0%

Revenue

ReportedEstimate

EPS

ReportedEstimate
PeriodReport dateEPS estimateReported EPSSurpriseEPS growthRevenue estimateReported revenueSurpriseRevenue growth
Q1 FY20286.28——+9.91%10.03B——+4.90%
Q4 FY20276.35——+12.57%10.76B——+2.91%
Q1 FY20275.71——+10.92%9.56B——+10.94%
Q4 FY20265.64——+6.62%10.45B——+5.97%
Q3 FY20265.796.45+11.40%+14.36%10.07B10.37B+2.95%+8.45%
Q2 FY20265.626.29+11.92%+4.49%9.43B10.05B+6.66%+9.68%
Q1 FY20264.775.15+7.97%+5.10%8.58B8.62B+0.50%+5.76%
Q4 FY20254.735.29+11.84%-0.38%9.47B9.87B+4.14%+8.58%
Q3 FY20255.025.64+12.35%+1.08%8.97B9.56B+6.59%+12.40%
Q2 FY20255.286.02+14.02%+21.13%8.94B9.17B+2.59%+9.29%

Analysts' estimates for FY2026 over the last 7 days:EPS Revenue How the estimates moved

Amgen analyst forecast

12-month price target
418.47 USD
-10.08%

Analysts' 1-year price targets range from 230.00 to 515.00, with an average of 418.47.

Past year
1-year forecast
Strong sellStrong buy
Hold
25 ratings
Buy
8
Hold
15
Sell
2

12-month price target

Highest target515.00
Average target418.47
Lowest target230.00
Current price465.39

Amgen valuation

Price to earnings ratio (TTM)
26.78
Forward P/E (FY2026)
19.77
Price to sales (TTM)
6.47
Price to book
17.54
EV / EBITDA (TTM)
16.10

Capital structure

Market capitalization
251.73B USD
+
Total debt
54.01B USD
−
Cash and short-term investments
13.19B USD
=
Enterprise value
292.55B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate
Fiscal yearP/EForward P/EP/SP/BEV/EBITDA
FY2028 (est.)17.33————
FY2027 (est.)18.5917.33———
FY2026 (est.)19.7718.59———
Now (TTM)26.7818.746.4717.5416.10
FY202522.8413.904.7920.3413.11
FY202434.2012.234.2223.9914.16
FY202322.9314.705.4724.7314.04
FY202221.5614.155.3738.6014.18
FY202121.7612.734.9419.1413.59

Amgen against its own history

Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: Gilead Sciences, Merck & Co., Pfizer, Bristol-Myers Squibb, AbbVie, and Johnson & Johnson, the US Drug Manufacturers - General companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

  • P/E (today)Above its median26.8
    14.557.8
  • Gross marginAt its median70.8%
    61.5%75.7%
    Against its peers: 5 of 7Peers' median 71.5%
  • Operating marginBelow its median24.7%
    21.7%36.3%
    Against its peers: 7 of 7Peers' median 30.7%
  • Net marginBelow its median21.0%
    12.2%24.9%
    Against its peers: 4 of 7Peers' median 21.4%
  • Return on equityAt its median89.1%
    69.6%179.0%
    Against its peers: 1 of 6Peers' median 34.7%
  • Free cash flow marginLowest in 5 years22.0%
    22.0%33.4%
    Against its peers: 4 of 7Peers' median 23.8%
  • Revenue growthAbove its median9.9%
    1.3%18.6%
    Against its peers: 1 of 7Peers' median 1.8%
  • EPS growthHighest in 5 years88.2%
    -39.5%88.2%
    Against its peers: 3 of 6Peers' median 8.0%
  • Debt to EBITDAAt its median3.23×
    2.95×4.50×
    Against its peers: 5 of 7Peers' median 2.47×
  • Current ratioLowest in 5 years1.14
    1.141.65
    Against its peers: 5 of 7Peers' median 1.21

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

Amgen growth and profitability

Revenue (TTM)
38.93B USD
Net income (TTM)
9.39B USD
Gross margin
73.97%
Operating margin
32.39%
Net margin
24.12%

Revenue / Net income

Revenue Net income Net margin
PeriodRevenueGrowthNet incomeGrowthGross marginOperating marginNet marginEBITDAGrowth
FY202536.74B+9.92%7.71B+88.53%70.80%24.71%20.99%16.90B+26.52%
FY202433.42B+18.57%4.09B-39.11%61.53%21.71%12.24%13.36B-9.76%
FY202328.19B+7.09%6.72B+2.52%70.15%28.01%23.83%14.80B+21.63%
FY202226.32B+1.32%6.55B+11.18%75.66%36.34%24.89%12.17B+7.73%
FY202125.98B+2.18%5.89B-18.87%75.16%29.40%22.68%11.30B-13.08%

Amgen revenue breakdown

By product

FY2025
Other Products: 20.6%Prolia: 12.5%Repatha: 8.5%Otezla: 6.4%ENBREL: 6.3%EVENITY: 5.9%XGEVA: 5.9%TEPEZZA: 5.4%Product and Service, Other: 4.5%BLINCYTO: 4.4%Nplate: 4.3%TEZSPIRE: 4.2%Aranesp: 3.9%KRYSTEXXA: 3.8%Vectibix: 3.3%20.6%Other Products12.5%Prolia8.5%Repatha6.4%Otezla6.3%ENBREL5.9%EVENITY5.9%XGEVA5.4%TEPEZZA4.5%Product and Service, Other4.4%BLINCYTO4.3%Nplate4.2%TEZSPIRE3.9%Aranesp3.8%KRYSTEXXA3.3%Vectibix
SegmentRevenueShare of revenueChange on the year
Other Products7.26B20.6%+29.0%
Prolia4.41B12.5%+0.9%
Repatha3.02B8.5%—
Otezla2.27B6.4%+6.5%
ENBREL2.23B6.3%-32.9%
EVENITY2.10B5.9%+34.4%
XGEVA2.08B5.9%-6.3%
TEPEZZA1.90B5.4%+2.8%
Product and Service, Other1.60B4.5%+14.7%
BLINCYTO1.56B4.4%+28.2%
Nplate1.52B4.3%+4.7%
TEZSPIRE1.48B4.2%+52.1%
Aranesp1.39B3.9%+3.5%
KRYSTEXXA1.34B3.8%+13.1%
Vectibix1.18B3.3%+12.4%

By region

FY2025
United States: 71.9%Non-US: 28.1%71.9%United States28.1%Non-US
RegionRevenueShare of revenueChange on the year
United States26.42B71.9%+10.7%
Non-US10.33B28.1%+8.1%

How Amgen makes its money

Revenue36.74B 100.0%
Cost of revenue10.73B 29.2%
Gross profit26.01B 70.8%
Research and development6.97B 19.0%
Selling and administration7.05B 19.2%
Other operating expenses2.91B 7.9%
Operating income9.08B 24.7%
Tax1.27B 3.4%
Other expense104.00M 0.3%
Net income7.71B 21.0%

FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.

Amgen dividends

Annual dividend
10.08 USD
Dividend yield (indicated)
2.17%
Payout ratio
71.69%
Years of dividend growth
15
Frequency
Quarterly
Next payment
2.52 USD
Next ex-dividend date
20 Nov 2026
Next payment date
11 Dec 2026

Dividends per share

Year2025202420232022202120202019201820172016
Dividends per share9.529.008.527.767.046.405.805.284.604.00

Amgen financial health

Cash and short-term investments
13.19B USD
Total debt
54.01B USD
Net cash
-40.82B USD
Free cash flow (TTM)
9.58B USD
Current ratio
1.48
Debt to equity
3.76
Piotroski score
8 / 9
Altman Z-score
2.59

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow
Fiscal yearCash and short-term investmentsTotal debtFree cash flow
FY20259.13B54.60B8.10B
FY202411.97B60.10B10.39B
FY202310.94B64.61B7.36B
FY20229.31B38.95B8.79B
FY20218.04B33.31B8.38B

Amgen ownership

Institutions
85.57%
Institutional holders
3,261 (+9)
Free float
99.73%

Who owns the shares

Institutions 85.6% Others 14.4%
As of 30 Jun 2026

Shares free to trade

Free float 539.43M shares ·99.7% Closely held 1.48M shares ·0.3%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Insider trading

QuarterPurchasesSalesShares acquiredShares disposed of
Q4 202600728.680.00
Q3 2026049.09K14.19K
Q2 202601258.61K24.62K
Q1 202602285.05K341.42K

Shares outstanding

Basic shares Diluted shares Change in diluted shares
Fiscal yearBasic sharesDiluted sharesChange in diluted shares
FY2025538.00M542.00M+0.18%
FY2024541.00M541.00M+0.56%
FY2023535.00M538.00M-0.55%
FY2022538.00M541.00M-5.58%
FY2021570.00M573.00M-2.88%

Source: Financial Modeling PrepVerified against SEC filings

Related Instruments News

Title: Amgen

Sector: Healthcare
Industry: Drug Manufacturers - General
Amgen Inc. is an American global biopharmaceutical company that engages in the development, manufacture and marketing of human therapeutics. It is headquartered in Thousand Oaks, California. The company has deep interests in molecular biology and biochemistry, which underpin its goal to provide human care based on recombinant DNA technology. Some of the company’s best-performing products include Neulasta and Enbrel. The company was founded by William K. Bowes, Jr., Franklin Pitcher Johnson, Jr., George B. Rathmann and Joseph Rubinfeld on April 8, 1980.

Common questions about Amgen stock