Amgen Inc. logo AMGN - Amgen Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY 0
BUY 22
HOLD 13
SELL 3
STRONG
SELL 0
| PRICE TARGET: $352.00 DETAILS
HIGH: $427.00
LOW: $185.00
MEDIAN: $357.50
CONSENSUS: $352.00
UPSIDE: 3.74%
Annual Quarterly
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Revenue
Revenue 36,741 33,424 28,190 26,323 25,979 25,424 23,362 23,747 22,849 22,991 21,662 20,063 18,676 17,265 15,582 15,053 14,642 15,003 14,771 14,268 12,430 10,550 8,356 5,523 4,015.7 3,448.4 3,204.2 2,642.3 2,345.7 2,198.1 1,903.8 1,620 1,354.9
Cost of Revenue 10,729 12,858 8,415 6,406 6,454 6,159 4,356 4,101 4,069 4,162 4,227 4,422 3,346 2,918 2,427 2,220 2,091 2,296 2,548 2,095 2,082 1,731 1,340.7 735.7 443 196.6 225.3 201.4 183.7 182.9 188.7 163.6 169.3
Gross Profit 26,012 20,566 19,775 19,917 19,525 19,265 19,006 19,646 18,780 18,829 17,435 15,641 15,330 14,347 13,155 12,833 12,551 12,707 12,223 12,173 10,348 8,819 7,015.3 4,787.3 3,572.7 3,251.8 2,978.9 2,440.9 2,162 2,015.2 1,715.1 1,456.4 1,185.6
Operating Expenses
R&D Expenses 6,974 5,964 4,784 4,434 6,324 4,207 4,116 3,737 3,562 3,840 4,070 4,297 4,083 3,380 3,167 2,894 2,864 3,030 3,266 3,366 2,314 2,028 1,655 1,117 865 845 822.8 663.3 630.8 528.3 451.7 323.6 0
SG&A Expenses 7,050 7,096 6,179 5,414 5,368 5,730 5,150 5,332 4,870 5,062 4,846 4,699 5,184 4,814 4,499 3,983 3,820 3,789 3,361 3,366 2,790 2,556 1,957 1,449 970.7 826.9 654.3 515.4 483.8 470.6 418.4 359.8 583.7
Other Expenses 1,312 248 879 503 194 189 66 314 375 133 49 454 196 295 896 411 361 674 1,616 1,601 396 887 312 3,006 205.8 211.8 176.8 143.8 117.1 100.3 84.2 74.5 50.7
Operating Expenses 15,336 13,308 11,842 10,351 11,886 10,126 9,332 9,383 8,807 9,035 8,965 9,450 9,463 8,489 8,562 7,288 7,045 7,493 8,243 8,333 5,500 5,471 3,924 5,572 2,041.5 1,883.7 1,653.9 1,322.5 1,231.7 1,099.2 954.3 757.9 634.4
Operating Income
Operating Income 10,676 7,258 7,897 9,566 7,639 9,139 9,674 10,263 9,973 9,794 8,470 6,191 5,867 5,577 4,312 5,545 5,506 5,214 3,980 3,840 4,848 3,348 3,091 (785) 1,531.2 1,368.1 1,325 1,118.4 930.3 916 760.8 698.5 551.2
Interest Expense 2,755 3,155 2,875 1,406 1,197 1,262 1,289 1,392 1,304 1,260 1,095 1,071 1,022 1,053 610 604 578 551 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest Income 0 0 0 0 0 0 587 674 928 629 603 465 420 485 448 376 276 352 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 15,843 13,356 14,801 12,169 11,296 12,996 12,633 12,883 12,856 12,528 11,181 8,748 7,573 7,150 5,820 6,938 6,831 6,639 5,981 6,034 5,689 4,636 3,778 2,654 1,797.1 1,579.9 1,501.8 1,262.2 1,047.4 1,016.3 845 773 601.9
EBIT 10,676 7,764 10,730 8,752 7,898 9,395 10,427 10,937 10,901 10,423 9,073 6,656 6,287 6,062 4,760 5,921 5,782 5,566 4,779 5,071 4,848 3,902 3,091 2,207 1,531.2 1,368.1 1,325 1,118.4 930.3 916 760.8 698.5 551.2
Income Before Tax 8,976 4,609 7,855 7,346 6,701 8,133 9,138 9,545 9,597 9,163 7,978 5,585 5,265 5,009 4,150 5,317 5,204 5,250 3,961 4,020 4,868 3,395 3,173.1 (684.5) 1,686.3 1,674.3 1,566.2 1,224.4 861.4 962.3 794.4 588.3 592.4
Income Tax Expense 1,265 519 1,138 794 808 869 1,296 1,151 7,618 1,441 1,039 427 184 664 467 690 599 1,054 795 1,070 1,194 1,032 913.6 707.4 566.6 535.8 469.8 361.2 217.1 282.5 256.7 268.6 217.8
Net Income 7,711 4,090 6,717 6,552 5,893 7,264 7,842 8,394 1,979 7,722 6,939 5,158 5,081 4,345 3,683 4,627 4,605 4,196 3,166 2,950 3,674 2,363 2,259.5 (1,391.9) 1,119.7 1,138.5 1,096.4 863.2 644.3 679.8 537.7 319.7 383.3
Per Share Data
EPS (Basic) 14.33 7.62 12.56 12.18 10.34 12.40 12.96 12.70 2.71 10.32 9.15 6.80 6.75 5.61 4.07 4.82 4.53 3.79 2.83 2.51 2.97 1.86 1.75 -1.21 1.07 1.11 1.07 0.85 0.61 0.61 0.48 0.29 0.35
EPS (Diluted) 14.23 7.56 12.49 12.11 10.28 12.31 12.88 12.62 2.69 10.24 9.06 6.70 6.64 5.52 4.04 4.79 4.51 3.77 2.82 2.48 2.93 1.81 1.69 -1.21 1.03 1.05 1.02 0.82 0.59 0.61 0.47 0.28 0.35
Shares Outstanding 538 541 535 538 570 586 605 661 731 748 758 759 753 775 905 960 1,016 1,070 1,117 1,176 1,236 1,271 1,288 1,153.5 1,045.5 1,029.6 1,021.7 1,020.2 1,056.4 1,122.8 1,122.8 1,118.3 1,095.1
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Current Assets
Cash & Cash Equivalents 9,129 11,973 10,944 7,629 7,989 6,266 6,037 6,945 3,800 3,241 2,884 1,774 1,526 837 1,852 689.1 226.5 130.9 201.1 239.1 169.3 66.7 211.3 128.5
Short-Term Investments 0 0 0 1,676 48 4,381 2,874 22,359 37,878 34,844 10,558 7,778 4,282 4,286 2,812 1,973.1 1,801.6 1,202.1 0 0 0 0 0 0
Net Receivables 9,570 7,501 7,942 6,392 5,839 4,525 4,057 3,580 3,237 3,165 2,109 2,073 1,461 1,008 752 497.2 389.2 412.2 319.9 269 225.4 199.3 194.7 164.3
Inventory 6,225 6,998 9,518 4,930 4,086 3,893 3,584 2,940 2,834 2,745 2,220 2,075 888 713 545 355.6 305.2 184.3 110.8 109.2 97.4 88.8 98 74.7
Other Current Assets 4,133 419 281 355 200 2,079 1,888 1,794 1,727 2,015 1,161 1,521 1,013 558 443 343.6 214.6 135.8 1,231.5 926.2 1,010.5 1,099.3 611.6 687
Total Current Assets 29,057 29,030 30,332 22,186 19,385 21,144 18,440 37,618 49,476 46,010 18,932 15,221 9,170 7,402 6,404 3,858.6 2,937.1 2,065.3 1,863.3 1,543.5 1,502.6 1,454.1 1,115.6 1,054.5
Non-Current Assets
Property, Plant & Equipment 7,913 6,543 5,941 5,427 5,184 4,889 4,928 4,958 4,989 4,961 5,738 5,879 4,712 3,799 2,814 1,946.1 1,781.5 1,553.6 1,450.2 1,186.2 910.5 743.8 665.3 586.9
Goodwill 18,680 18,637 18,629 15,529 14,890 14,689 14,703 14,699 14,761 14,751 11,335 11,339 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 22,276 27,699 32,641 16,080 15,182 16,587 19,413 7,443 8,609 10,279 7,868 2,988 14,558 14,108 14,673 0 0 0 0 0 0 0 0 0
Long-Term Investments 0 5,355 4,711 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 12,660 4,575 4,900 5,899 6,524 5,639 2,223 1,698 2,119 1,625 (4,244) 1,016 781 804 565 638.4 681 458.7 358.7 380.5 352.5 234.9 213.2 124.1
Total Non-Current Assets 61,529 62,809 66,822 42,935 41,780 41,804 41,267 28,798 30,478 31,616 20,697 21,222 20,051 18,711 18,052 2,584.5 2,462.5 2,012.3 1,808.9 1,566.7 1,263 978.7 878.5 711
Total Assets 90,586 91,839 97,154 65,121 61,165 62,948 59,707 66,416 79,954 77,626 39,629 36,443 29,221 26,176.5 24,456.3 6,443.1 5,399.6 4,077.6 3,672.2 3,110.2 2,765.6 2,432.8 1,994.1 1,765.5
Current Liabilities
Account Payables 20,890 1,908 1,590 1,572 1,366 1,421 1,371 1,207 1,352 917 574 504 507 327 255 136.7 143.2 83.4 121.6 103.9 75 54.4 30.5 23.1
Short-Term Debt 4,599 3,550 1,443 1,591 87 91 2,953 4,419 1,152 4,403 0 1,000 1,173 0 123 99.9 99.7 99.5 105.7 30 118.2 69.7 99.7 109.8
Deferred Revenue 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 0 1,329 1,381 1,099 1,623 1,572 1,545 1,536 1,271 1,357 0 0 0 0 (1) 0 619.2 648.2 659.7 608 449.7 459.7 406.2 279.4
Total Current Liabilities 25,489 23,099 18,392 15,687 12,184 11,653 12,835 13,488 9,020 11,204 3,873 4,886 4,157 2,456 1,529 1,002.9 862.1 831.1 887 741.9 642.9 583.8 536.4 412.3
Non-Current Liabilities
Long-Term Debt 50,005 56,549 63,170 37,354 33,222 32,895 26,950 29,510 34,190 30,193 10,601 9,176 3,937 3,080 3,048 223 223 223 223 229 59 177.2 183.4 181.2
Deferred Tax Liabilities 1,366 1,616 2,354 11 0 0 606 864 1,166 2,436 0 0 1,294 1,146 1,593 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 5,068 4,698 7,006 8,408 9,059 8,991 9,643 10,054 10,337 3,918 2,488 1,995 128 42 0 0 0 0 0 0 157.4 0 0 0
Total Non-Current Liabilities 56,439 62,863 72,530 45,773 42,281 41,886 37,199 40,428 45,693 36,547 13,089 11,171 5,359 4,268 4,641 223 223 223 223 229 216.4 177.2 183.4 181.2
Total Liabilities 81,928 85,962 90,922 61,460 54,465 53,539 50,034 53,916 54,713 47,751 16,962 16,057 9,516 6,724 6,170 1,225.9 1,085.1 1,054.1 1,110 970.9 859.3 761 719.8 593.5
Stockholders' Equity
Common Stock 8,658 33,533 33,070 32,514 32,096 31,802 31,531 31,246 30,992 30,784 26,944 25,527 22,078 19,995 19,344 3,474.1 2,947.3 2,072.3 0 0 0 0 0 0
Retained Earnings 0 (27,590) (26,549) (28,622) (24,600) (21,408) (21,330) (17,977) (5,072) (438) (4,322) (5,258) (2,376) (667) (1,126) 1,686.8 1,304.6 966 894.3 943.2 879.4 807 555 535.8
Accumulated Other Comprehensive Income 0 (66) (289) (231) (796) (985) (528) (769) (679) (471) 45 117 3 61 67 56.3 62.6 (14.8) 0 0 0 0 0 0
Total Stockholders' Equity 8,658 5,877 6,232 3,661 6,700 9,409 9,673 12,500 25,241 29,875 22,667 20,386 19,705 19,389.1 18,286 5,217.2 4,314.5 3,023.5 2,562.2 2,139.3 1,906.3 1,671.8 1,274.3 1,172
Total Liabilities & Equity 90,586 91,839 97,154 65,121 61,165 62,948 59,707 66,416 79,954 77,626 39,629 36,443 29,221 26,113 24,456 6,443.1 5,399.6 4,077.6 3,672.2 3,110.2 2,765.6 2,432.8 1,994.1 1,765.5
Debt Metrics
Total Debt 54,604 60,099 64,613 38,945 33,309 32,986 29,903 33,929 35,342 34,596 10,601 10,176 5,110 3,080 3,171 322.9 322.7 322.5 328.7 259 177.2 246.9 283.1 291
Net Debt 45,475 48,126 53,669 31,316 25,320 26,720 23,866 26,984 31,542 31,355 7,717 8,402 3,584 2,243 1,319 (366.2) 96.2 191.6 127.6 19.9 7.9 180.2 71.8 162.5
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Operating Activities
Net Income 7,711 4,090 6,717 6,552 5,893 7,264 7,842 8,394 1,979 7,722 3,674 2,363 2,259.5 (1,391.9) 1,119.7 1,138.5 1,096.4 863.2 644.3 679.8 537.7 319.7 374.6
Depreciation & Amortization 5,167 5,592 4,071 3,417 3,398 3,601 2,206 1,946 1,955 2,105 841 734 686.5 447.3 265.9 211.8 176.8 143.8 117.1 100.3 84.2 74.5 50.7
Stock-Based Compensation 0 530 431 401 341 330 308 311 329 311 0 0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital (1,978) 2,365 (484) (733) (1,194) (216) (731) 622 7,910 1 10 (375) 442.6 (249.6) (99.4) (120.7) (224.5) (4.3) 136.8 (35.9) 74 (15.1) (39)
Other Non-Cash Items (221) 141 (991) 1,282 1,276 (195) (186) 386 334 32 481 918 367.6 3,268.3 342.3 405 16.8 33.1 36.1 52.8 0.1 2.8 16.7
Operating Cash Flow 9,958 11,490 8,471 9,721 9,261 10,497 9,150 11,296 11,177 10,354 4,911 3,697 3,566.6 2,248.8 1,480.2 1,634.6 1,075.3 1,041.5 902.9 822.6 773.2 531.9 433
Investing Activities
Capital Expenditure (1,858) (1,096) (1,112) (936) (880) (608) (618) (738) (664) (837) (867) (1,336) (1,356.8) (658.5) (441.8) (437.7) (304.2) (407.8) (387.8) (266.9) (162.7) (130.8) (209.9)
Acquisitions (53) 0 (26,989) (3,727) (2,686) (3,219) (13,617) 195 (19) (21) 0 0 0 (1,899) 0 0 0 0 0 0 0 0 0
Purchases of Investments 0 0 (1) (2,587) (8,900) (8,477) (9,394) (18,741) (33,607) (28,094) (9,597) (21,488) (5,320.3) (2,952.8) (918.2) (1,638.7) (1,032.7) (766.3) (767.5) (854.8) (1,646.6) (1,395.1) (131.3)
Sales/Maturities of Investments 0 0 1,673 1,218 13,234 6,978 29,390 33,768 30,414 20,417 10,438 21,433 3,709.4 2,399.7 792 1,067.8 883.5 486.3 891.4 930.7 1,148.4 1,593.5 0
Other Investing Activities (32) 50 225 (12) (35) (75) (52) (145) (148) (123) (33) (8) (242.5) 246.8 28.4 (27.7) (10.1) 14.1 (38.3) (119.2) (33.2) (258.6) (48.7)
Investing Cash Flow (1,943) (1,046) (26,204) (6,044) 733 (5,401) 5,709 14,339 (4,024) (8,658) (59) (1,399) (3,210.2) (2,863.8) (539.6) (1,036.3) (463.5) (673.7) (302.2) (310.2) (694.1) (191) (389.9)
Financing Activities
Net Debt Issuance (5,683) (4,259) 25,676 6,622 795 2,464 (4,514) (1,121) 71 3,593 (1,175) 1,989 (123) 2,765 0 0.2 (6.2) 69.7 81.8 (69.7) (36.2) (9.6) 160.8
Stock Repurchased 0 (200) 0 (6,360) (4,975) (3,486) (7,702) (17,794) (3,160) (2,965) (4,430) (4,072) (1,801) (1,420) (737.5) (799.9) (1,024.7) (912.1) (737.9) (450) (285.7) (300.5) (207.5)
Dividends Paid (5,124) (4,832) (4,556) (4,196) (4,013) (3,755) (3,509) (3,507) (3,365) (2,998) 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities (52) (124) (72) (103) (78) (90) (42) (68) (140) (229) (20) 21 23 4.6 (18.2) (36.7) 100.1 91.1 (63.8) (52.2) (47.2) (7.9) (22.1)
Financing Cash Flow (10,859) (9,415) 21,048 (4,037) (8,271) (4,867) (15,767) (22,490) (6,594) (2,599) (4,538) (1,609) (1,371.5) 1,777.6 (478) (502.7) (682) (405.8) (530.9) (409.8) (223.7) (258.1) (6.6)
Cash Position
Net Change in Cash (2,844) 1,029 3,315 (360) 1,723 229 (908) 3,145 559 (903) 314 689 (1,015.1) 1,162.6 462.6 95.6 (70.2) (38) 69.8 102.6 (144.6) 82.8 36.5
Cash at Beginning 11,973 10,944 7,629 7,989 6,266 6,037 6,945 3,800 3,241 4,144 1,526 837 1,851.7 689.1 226.5 130.9 201.1 239.1 169.3 66.7 211.3 128.5 92
Cash at End 9,129 11,973 10,944 7,629 7,989 6,266 6,037 6,945 3,800 3,241 1,840 1,526 836.6 1,851.7 689.1 226.5 130.9 201.1 239.1 169.3 66.7 211.3 128.5
Free Cash Flow 8,100 10,394 7,359 8,785 8,381 9,889 8,532 10,558 10,513 9,517 4,044 2,361 2,209.8 1,590.3 1,038.4 1,196.9 771.1 633.7 515.1 555.7 610.5 401.1 223.1
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Income Statement
Revenue 36,741 33,424 28,190 26,323 25,979 25,424 23,362 23,747 22,849 22,991 21,662 20,063 18,676 17,265 15,582 15,053 14,642 15,003 14,771 14,268 12,430 10,550 8,356 5,523 4,015.7 3,448.4 3,204.2 2,642.3 2,345.7 2,198.1 1,903.8 1,620 1,354.9
Gross Profit 26,012 20,566 19,775 19,917 19,525 19,265 19,006 19,646 18,780 18,829 17,435 15,641 15,330 14,347 13,155 12,833 12,551 12,707 12,223 12,173 10,348 8,819 7,015.3 4,787.3 3,572.7 3,251.8 2,978.9 2,440.9 2,162 2,015.2 1,715.1 1,456.4 1,185.6
Operating Income 10,676 7,258 7,897 9,566 7,639 9,139 9,674 10,263 9,973 9,794 8,470 6,191 5,867 5,577 4,312 5,545 5,506 5,214 3,980 3,840 4,848 3,348 3,091 (785) 1,531.2 1,368.1 1,325 1,118.4 930.3 916 760.8 698.5 551.2
Net Income 7,711 4,090 6,717 6,552 5,893 7,264 7,842 8,394 1,979 7,722 6,939 5,158 5,081 4,345 3,683 4,627 4,605 4,196 3,166 2,950 3,674 2,363 2,259.5 (1,391.9) 1,119.7 1,138.5 1,096.4 863.2 644.3 679.8 537.7 319.7 383.3
EPS (Diluted) 14.23 7.56 12.49 12.11 10.28 12.31 12.88 12.62 2.69 10.24 9.06 6.70 6.64 5.52 4.04 4.79 4.51 3.77 2.82 2.48 2.93 1.81 1.69 -1.21 1.03 1.05 1.02 0.82 0.59 0.61 0.47 0.28 0.35
Balance Sheet
Cash & Equivalents 9,129 11,973 10,944 7,629 7,989 6,266 6,037 6,945 3,800 3,241 2,884 1,774 1,526 837 1,852 689.1 226.5 130.9 201.1 239.1 169.3 66.7 211.3 128.5
Total Assets 90,586 91,839 97,154 65,121 61,165 62,948 59,707 66,416 79,954 77,626 39,629 36,443 29,221 26,176.5 24,456.3 6,443.1 5,399.6 4,077.6 3,672.2 3,110.2 2,765.6 2,432.8 1,994.1 1,765.5
Total Debt 54,604 60,099 64,613 38,945 33,309 32,986 29,903 33,929 35,342 34,596 10,601 10,176 5,110 3,080 3,171 322.9 322.7 322.5 328.7 259 177.2 246.9 283.1 291
Stockholders' Equity 8,658 5,877 6,232 3,661 6,700 9,409 9,673 12,500 25,241 29,875 22,667 20,386 19,705 19,389.1 18,286 5,217.2 4,314.5 3,023.5 2,562.2 2,139.3 1,906.3 1,671.8 1,274.3 1,172
Cash Flow
Operating Cash Flow 9,958 11,490 8,471 9,721 9,261 10,497 9,150 11,296 11,177 10,354 4,911 3,697 3,566.6 2,248.8 1,480.2 1,634.6 1,075.3 1,041.5 902.9 822.6 773.2 531.9 433
Capital Expenditure (1,858) (1,096) (1,112) (936) (880) (608) (618) (738) (664) (837) (867) (1,336) (1,356.8) (658.5) (441.8) (437.7) (304.2) (407.8) (387.8) (266.9) (162.7) (130.8) (209.9)
Free Cash Flow 8,100 10,394 7,359 8,785 8,381 9,889 8,532 10,558 10,513 9,517 4,044 2,361 2,209.8 1,590.3 1,038.4 1,196.9 771.1 633.7 515.1 555.7 610.5 401.1 223.1