Analyze Portfolio
Nasdaq · Healthcare

AMGEN INC (AMGN)

As-reported financials and recent SEC filings for AMGEN INC, latest fiscal period FY2025. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About AMGEN INC

Amgen Inc discovers, develops, manufactures, and delivers medicines to treat serious diseases. The company offers products such as Repatha for cardiovascular risk, UPLIZNA for immunoglobulin G4-related disease and myasthenia gravis, and IMDELLTRA for small cell lung cancer. Amgen serves healthcare providers and patients worldwide, with a presence in about 100 countries and sales primarily through pharmaceutical wholesalers and direct-to-patient channels.

Snapshot

Revenue
$36.75B
Revenue growth (YoY)
10.0%
Net income
$7.71B
Diluted EPS
$14.23
Gross margin
67.2%
Operating margin
24.7%
Net margin
21.0%
FCF margin
22.0%
ROE
89.1%
P/E (TTM)
26.2×
Market cap
$203.07B
Debt / equity
5.8×

Fundamentals are from SEC filings. P/E and market cap are derived from recent market prices, refreshed on a rolling basis (typically within the past week).

What changed at Amgen

  • Revenue grew 10.0% to $36.8B in FY2025, slower than the 18.6% the year before.
  • Operating margin is 24.7% in FY2025, -4.7 pp against 29.4% in FY2021.
  • Most recent quarter Q1 FY2026: revenue $8.6B, up 5.8% from Q1 FY2025.
  • Free cash flow was $8.1B in FY2025, 22.0% of revenue.
  • Net income rose 88.5% to $7.7B in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Amgen’s fundamentals sit among the 71 biotech companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin67.2%
54th percentile of 14
Operating margin24.7%
70th percentile of 31
Net margin21.0%
68th percentile of 32
FCF margin22.0%
74th percentile of 28
Revenue growth (YoY)+10.0%
41st percentile of 64
ROE89.1%
95th percentile of 61
P/E (TTM)26.2×
70th percentile of 21
Debt / equity5.78×
94th percentile of 19
Short interest6.36d
47th percentile of 71

Amgen’s return on equity of 89.1% ranks in the 95th percentile of the 61 biotech companies reporting it. Amgen’s debt to equity of 5.78 ranks in the 94th percentile of the 19 biotech companies reporting it.

No open-market insider buys in the last 90 days; 1 insider sale totaling $400,451. For context, about 16% of companies in the universe saw any open-market insider buying in the same window. Browse insider activity →

Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 3 of the superinvestors we track (plus 5 quant / multi-strat books), based on each investor’s most recent 13F (latest Q1 2026).

Conviction investors
3
+5 quant / multi-strat
Initiated / added
5
0 new, 5 added
Reduced / exited
3
2 trimmed, 1 exited
Combined position
$314.0M
reported long value
InvestorAs ofPosition valueSharesChange
Millennium ManagementquantQ1 2026$80.9M230.0KAdded
Citadel AdvisorsquantQ1 2026$65.1M185.0KAdded
D. E. ShawquantQ1 2026$62.6M178.0KAdded
AQR Capital ManagementquantQ1 2026$53.6M152.2KReduced
Two Sigma InvestmentsquantQ1 2026$25.2M71.7KReduced
Gotham Asset ManagementQ1 2026$16.7M47.4KAdded
Bridgewater AssociatesQ1 2026$5.2M14.8KAdded
Dodge & CoxQ1 2026$4.7M13.4KHeld

No longer held by: ARK Investment Management (as of Q1 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
open-market
Bought (90d)
open-market value
Sells (90d)
1
$400K
Signal
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-05-04
filed 2026-05-05
Grygiel Nancy A.SVP & CCOSell1.2K$323.73$400K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
12.8M
settled 2026-07-15
Change vs prior
-0.2%
vs previous settlement
Days to cover
6.36
at avg daily volume
Avg daily volume
2.0M
FINRA reported
SettlementShares shortChangeDays to cover
2026-07-1512.8M-0.2%6.36
2026-06-3012.9M+5.5%3.93
2026-06-1512.2M+2.9%4.11
2026-05-2911.9M-3.6%4.98
2026-05-1512.3M-5.2%4.27
2026-04-3013.0M+1.7%5.28
2026-04-1512.7M-8.8%5.30
2026-03-3114.0M-2.4%4.72

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$36.75B$33.42B$28.19B$26.32B$25.98B
Gross profit$24.71B$20.57B$19.74B$19.92B$19.52B
Operating income$9.08B$7.26B$7.90B$9.57B$7.64B
Net income$7.71B$4.09B$6.72B$6.55B$5.89B
Diluted EPS$14.23$7.56$12.49$12.11$10.28

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$9.13B$11.97B$10.94B$7.63B$7.99B
Current assets$29.06B$29.03B$30.33B$22.19B$19.39B
Total assets$90.59B$91.84B$97.15B$65.12B$61.16B
Current liabilities$25.49B$23.10B$18.39B$15.69B$12.18B
Long-term debt$50.01B$56.55B$63.17B$37.35B$33.22B
Total liabilities$81.93B$85.96B$90.92B$61.46B$54.47B
Total equity$8.66B$5.88B$6.23B$3.66B$6.70B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$9.96B$11.49B$8.47B$9.72B$9.26B
Capital expenditure$1.86B$1.10B$1.11B$936.0M$880.0M
Free cash flow$8.10B$10.39B$7.36B$8.79B$8.38B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q1 FY2026$8.62B5.8%$1.82B$3.34
Q4 FY2025$9.87B8.6%$1.33B$2.46
Q3 FY2025$9.56B12.4%$3.22B$5.93
Q2 FY2025$9.18B9.4%$1.43B$2.65
Q1 FY2025$8.15B9.4%$1.73B$3.20
Q4 FY2024$9.09B10.9%$627.0M$1.16
Q3 FY2024$8.50B23.2%$2.83B$5.22
Q2 FY2024$8.39B20.1%$746.0M$1.38

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorHealthcare
SIC industryBiological Products, (No Diagnostic Substances)
Fiscal year endDecember 31
Latest fiscal periodFY2025
SEC filings since2018
SEC CIK318154

Recent SEC filings

10-K2026-02-13
View on EDGAR →
10-K2025-02-14
View on EDGAR →
10-Q2026-05-01
View on EDGAR →
10-Q2025-11-05
View on EDGAR →
10-Q2025-08-06
View on EDGAR →
10-Q2025-05-02
View on EDGAR →
8-K2026-05-20
View on EDGAR →
8-K2026-05-19
View on EDGAR →

Largest biotech peers

All biotech stocksAll Healthcare companies →

AMGN head to head

Monitor AMGN

Get an alert when Amgen files something material, see which superinvestors own it, and ask its filings a question with cited answers.

Monitor AMGN free

Includes one free filing-grounded research answer. Or check your whole portfolio, no account needed.

Data sourced from SEC EDGAR (public domain). Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.