GMAB

Genmab A/S ADS
D

GMAB

Arincen61/100B

Genmab A financials

Yes. Genmab A/S ADS earned 729.10M USD of net income over the last twelve months, 17.0% of its revenue. It made a profit in 13 of its 24 fiscal years since 2002. Its last loss was in fiscal year 2012.

Revenue (TTM)
4.30B USD
Net income (TTM)
729.10M USD
Free cash flow (TTM)
842.34M USD
Cash and short-term investments
1.86B USD
Total debt
5.20B USD
Shareholders' equity
6.33B USD

Cash, debt and equity as of 30 Sept 2026.

Genmab A earnings

Next earnings · Q4 FY2026
EPS estimate
0.23 USD
Revenue estimate
1.25B USD
Last quarter · Q3 FY2026
EPS0.56Beat +55.6%Revenue1.19BMissed -0.9%

Revenue

ReportedEstimate

EPS

ReportedEstimate
PeriodReport dateEPS estimateReported EPSSurpriseEPS growthRevenue estimateReported revenueSurpriseRevenue growth
Q1 FY20270.20——+126.00%1.11B——+24.26%
Q4 FY20260.23——+360.00%1.25B——+18.37%
Q3 FY20260.360.56+55.56%-13.85%1.20B1.19B-0.92%+16.14%
Q2 FY20260.370.54+45.95%0.00%1.12B1.16B+3.46%+24.89%
Q1 FY20260.150.09-42.00%-71.94%905.77M896.00M-1.08%+23.42%
Q4 FY20250.460.05-89.13%-91.23%1.07B1.06B-0.76%+18.11%
Q3 FY20250.480.65+35.42%+124.14%1.01B1.02B+1.08%+25.37%
Q2 FY20250.390.54+38.46%+145.45%952.56M924.81M-2.91%+17.13%

Genmab A growth and profitability

Full income statement
Revenue (TTM)
4.30B USD
Net income (TTM)
729.10M USD
Gross margin
92.60%
Operating margin
30.63%
Net margin
16.97%

Revenue / Net income

Revenue Net income Net margin
PeriodRevenueGrowthNet incomeGrowthGross marginOperating marginNet marginEBITDAGrowth
FY20253.72B-82.70%963.76M-87.71%91.69%33.60%25.89%1.34B-86.21%
FY202421.53B+30.67%7.84B+80.24%95.42%31.14%36.44%9.70B+61.60%
FY202316.47B+13.57%4.35B-20.18%98.63%32.30%26.42%6.00B-18.31%
FY202214.51B+72.33%5.45B+84.38%100.00%43.21%37.59%7.35B+75.74%
FY20218.42B-16.75%2.96B-37.85%100.00%35.08%35.13%4.18B-32.29%

How Genmab A makes its money

Revenue3.72B 100.0%
Cost of revenue309.24M 8.3%
Gross profit3.41B 91.7%
Research and development1.56B 41.9%
Selling and administration602.47M 16.2%
Operating income1.25B 33.6%
Tax241.19M 6.5%
Other expense46.04M 1.2%
Net income963.76M 25.9%

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

Operating and free cash flow

Full cash flow statement
Operating cash flow Free cash flow
Fiscal yearOperating cash flowFree cash flow
FY20251.19B1.15B
FY20247.77B7.58B
FY20237.38B7.00B
FY20223.91B3.60B
FY20212.23B1.98B
FY20206.43B6.13B
FY20191.33B1.22B
FY20181.01B537.42M
FY20171.59B1.50B
FY2016327.72M294.61M

Genmab A financial health

Full balance sheet
Cash and short-term investments
1.86B USD
Total debt
5.20B USD
Net cash
-3.34B USD
Free cash flow (TTM)
842.34M USD
Current ratio
2.45
Debt to equity
0.82
Piotroski score
5 / 9
Altman Z-score
21.42

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
FY20251.71B5.43B1.15B
FY202421.10B1.03B7.58B
FY202328.14B770.00M7.00B
FY202222.32B597.00M3.60B
FY202119.34B425.00M1.98B

Assets, liabilities and equity

Total assets Total liabilities Shareholders' equity
Fiscal yearTotal assetsTotal liabilitiesShareholders' equity
FY202512.84B7.01B5.83B
FY202445.81B9.11B36.70B
FY202335.29B3.68B31.61B
FY202230.12B2.84B27.28B
FY202124.63B2.43B22.20B
FY202021.14B2.02B19.12B
FY201915.14B1.10B14.05B
FY20188.46B446.64M8.01B
FY20176.60B330.75M6.27B
FY20165.24B411.54M4.83B

Genmab A valuation

Price to earnings ratio (TTM)
43.27
Forward P/E (FY2026)
41.13
Price to sales (TTM)
7.37
Price to book
5.00
EV / EBITDA (TTM)
28.97

Capital structure

Market capitalization
31.67B USD
+
Total debt
5.20B USD
−
Cash and short-term investments
1.86B USD
=
Enterprise value
35.01B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate
Fiscal yearP/EForward P/EP/SP/BEV/EBITDA
FY2028 (est.)19.02————
FY2027 (est.)31.6019.02———
FY2026 (est.)41.1331.60———
Now (TTM)43.2732.577.375.0028.97
FY202519.9124.665.143.2817.10
FY202412.3912.114.512.659.11
FY202332.5626.508.604.4821.27
FY202235.2938.3713.277.0524.93
FY202157.22—20.097.6238.42

Genmab A 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: Revolution Medicines, United Therapeutics, Incyte, Insmed, Alnylam Pharmaceuticals, and Exelixis, the US Biotechnology 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 median43.3
    2.347.0
  • Gross marginLowest in 5 years91.7%
    91.7%100.0%
    Against its peers: 4 of 7Peers' median 90.3%
  • Operating marginAt its median33.6%
    31.1%43.2%
    Against its peers: 3 of 7Peers' median 19.8%
  • Net marginLowest in 5 years25.9%
    25.9%37.6%
    Against its peers: 3 of 7Peers' median 16.7%
  • Return on equityAt its median16.5%
    13.3%21.4%
    Against its peers: 5 of 7Peers' median 21.9%
  • Free cash flow marginAt its median30.9%
    23.5%42.5%
    Against its peers: 3 of 7Peers' median 19.4%
  • Revenue growthLowest in 5 years-82.7%
    -82.7%72.3%
    Against its peers: 7 of 7Peers' median 15.9%
  • EPS growthLowest in 5 years-87.3%
    -87.3%84.4%
    Against its peers: 4 of 4Peers' median 58.0%
  • Debt to EBITDAHighest in 5 years4.06×
    0.08×4.06×
    Against its peers: 5 of 5Peers' median 0.11×
  • Current ratioLowest in 5 years2.02
    2.0215.48
    Against its peers: 7 of 7Peers' median 3.69

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.

Genmab A ownership

Institutions
16.70%
Institutional holders
307 (+26)
Free float
95.53%

Who owns the shares

Institutions 16.7% Others 83.3%
As of 30 Jun 2026

Shares free to trade

Free float 589.06M shares ·95.5% Closely held 27.54M shares ·4.5%

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.

Shares outstanding

Basic shares Diluted shares Change in diluted shares
Fiscal yearBasic sharesDiluted sharesChange in diluted shares
FY2025621.51M626.92M-3.00%
FY2024646.33M646.33M-1.94%
FY2023659.15M659.15M-0.14%
FY2022653.87M660.10M-0.05%
FY2021653.96M660.46M+0.24%

Common questions about Genmab A's financials

Source: Financial Modeling Prep