BIIB - BIOGEN INC.

📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Revenue Growth YoY (%)	2.2% Caution ↑ Caution Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-72%)	-1.6% Weak ↑ Weak Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-120%)	-3.3% Weak ↑ Weak Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-142%)	-7.4% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-192%)	-18.3% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-329%)	-6.5% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-181%)	6.9% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-14%)	9.6% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+20%)	7.2% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-10%)	6.4% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-20%)	10.9% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+37%)	40.0% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+400%)	25.7% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+221%)	9.3% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+16%)	7.0% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-12%)	7.7% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: At sector avg	6.8% Fair Fair Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-15%)	29.2% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+265%)	—	—
EPS Growth YoY (%)	-21.2% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	39.8% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-61.7% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	100.8% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-58.0% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-21.0% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	45.5% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	81.2% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-29.6% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	10.3% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	23.8% Good ↓ Good Declining Year-over-year change in earnings per share Optimal: > 10%	58.0% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	35.5% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	13.9% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	27.9% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	18.1% Good ↓ Good Declining Year-over-year change in earnings per share Optimal: > 10%	26.2% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	32.2% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	—	—
Net Income Growth YoY (%)	-20.8% Weak ↓ Weak Declining Year-over-year change in net income	40.6% Excellent ↑ Excellent Improving Year-over-year change in net income	-61.9% Weak ↓ Weak Declining Year-over-year change in net income	95.8% Excellent ↑ Excellent Improving Year-over-year change in net income	-61.1% Weak ↓ Weak Declining Year-over-year change in net income	-32.1% Weak ↓ Weak Declining Year-over-year change in net income	32.9% Excellent ↑ Excellent Improving Year-over-year change in net income	74.5% Excellent ↑ Excellent Improving Year-over-year change in net income	-31.4% Weak ↓ Weak Declining Year-over-year change in net income	4.4% Caution ↓ Caution Declining Year-over-year change in net income	20.9% Good ↓ Good Declining Year-over-year change in net income	57.6% Excellent ↑ Excellent Improving Year-over-year change in net income	34.9% Excellent ↑ Excellent Improving Year-over-year change in net income	11.8% Fair ↓ Fair Declining Year-over-year change in net income	22.8% Good ↑ Good Improving Year-over-year change in net income	3.6% Caution ↓ Caution Declining Year-over-year change in net income	23.9% Good Good Year-over-year change in net income	22.7% Good Good Year-over-year change in net income	—	—
FCF Growth YoY (%)	-25.1% Weak ↓ Weak Declining Year-over-year change in free cash flow	113.0% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	11.5% Fair ↑ Fair Improving Year-over-year change in free cash flow	-65.3% Weak ↓ Weak Declining Year-over-year change in free cash flow	-4.1% Weak ↓ Weak Declining Year-over-year change in free cash flow	-32.6% Weak ↓ Weak Declining Year-over-year change in free cash flow	32.7% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	52.6% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-4.7% Weak ↓ Weak Declining Year-over-year change in free cash flow	36.5% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	18.6% Good ↓ Good Declining Year-over-year change in free cash flow	26.7% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	29.7% Excellent ↓ Excellent Declining Year-over-year change in free cash flow	9.0% Fair ↓ Fair Declining Year-over-year change in free cash flow	9.0% Fair ↓ Fair Declining Year-over-year change in free cash flow	81.8% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-28.1% Weak Weak Year-over-year change in free cash flow	89.2% Excellent Excellent Year-over-year change in free cash flow	—	—
Revenue CAGR 3Y (%)	-0.9% Weak ↑ Weak Improving Compound annual revenue growth over 3 years	-4.1% Weak ↑ Weak Improving Compound annual revenue growth over 3 years	-9.9% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-10.9% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-6.5% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	3.1% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	7.9% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	7.7% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	8.1% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	18.2% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	25.0% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	24.3% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	13.7% Good ↑ Good Improving Compound annual revenue growth over 3 years	8.0% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	7.2% Fair Fair Compound annual revenue growth over 3 years	14.1% Good Good Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	-6.0% Weak → Weak Stable Compound annual revenue growth over 5 years	-7.6% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	-6.1% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	-3.7% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	-0.8% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	4.5% Fair ↓ Fair Declining Compound annual revenue growth over 5 years	8.2% Good ↓ Good Declining Compound annual revenue growth over 5 years	14.2% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	17.3% Excellent → Excellent Stable Compound annual revenue growth over 5 years	17.8% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	17.9% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	17.3% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	11.1% Good Good Compound annual revenue growth over 5 years	11.7% Good Good Compound annual revenue growth over 5 years	—	—	—	—	—	—
EPS CAGR 3Y (%)	-25.0% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	2.4% Caution ↑ Caution Improving Compound annual EPS growth over 3 years	-31.4% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	-12.7% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	-21.6% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	27.7% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	22.9% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	12.0% Good ↓ Good Declining Compound annual EPS growth over 3 years	-1.3% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	29.2% Excellent ↓ Excellent Declining Compound annual EPS growth over 3 years	38.4% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	34.6% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	25.5% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	19.8% Excellent ↓ Excellent Declining Compound annual EPS growth over 3 years	24.0% Excellent Excellent Compound annual EPS growth over 3 years	25.4% Excellent Excellent Compound annual EPS growth over 3 years	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Operating Margin (%) (%)	—	—	—	—	25.9% Excellent ↓ Excellent Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+72%)	33.8% Excellent ↓ Excellent Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+126%)	49.0% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+227%)	43.8% Excellent → Excellent Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+192%)	43.5% Excellent → Excellent Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+190%)	45.0% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+200%)	45.4% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+203%)	40.9% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+173%)	36.3% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+142%)	33.6% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+124%)	34.2% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+128%)	26.5% Excellent ↓ Excellent Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+77%)	29.6% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+97%)	29.6% Excellent Excellent Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+97%)	24.6% Good Good Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+64%)	—
Effective Tax Rate (%) (%)	16.9% Good Good Actual taxes paid relative to pre-tax income Optimal: 15-25%	14.4% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Profit Margin (%) (%)	13.1% Fair ↓ Fair Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+9%)	16.9% Good ↓ Good Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+41%)	11.8% Fair ↓ Fair Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	29.9% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+150%)	14.2% Fair ↓ Fair Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+18%)	29.8% Excellent ↓ Excellent Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+148%)	41.0% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+241%)	32.9% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+174%)	20.7% Excellent ↓ Excellent Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+72%)	32.3% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+170%)	33.0% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+175%)	30.2% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+152%)	26.9% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+124%)	25.0% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+108%)	24.5% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+104%)	21.3% Excellent → Excellent Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+78%)	22.2% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+85%)	19.1% Good Good Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+59%)	20.1% Excellent Excellent Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+68%)	—
FCF Margin (%) (%)	20.7% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	28.1% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	12.9% Fair ↓ Fair Declining Free cash flow as a percentage of revenue Optimal: > 10%	11.2% Fair ↓ Fair Declining Free cash flow as a percentage of revenue Optimal: > 10%	30.8% Excellent ↓ Excellent Declining Free cash flow as a percentage of revenue Optimal: > 10%	28.3% Excellent ↓ Excellent Declining Free cash flow as a percentage of revenue Optimal: > 10%	45.7% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	40.3% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	30.0% Excellent → Excellent Stable Free cash flow as a percentage of revenue Optimal: > 10%	34.7% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	28.6% Excellent → Excellent Stable Free cash flow as a percentage of revenue Optimal: > 10%	27.4% Excellent ↓ Excellent Declining Free cash flow as a percentage of revenue Optimal: > 10%	30.3% Excellent → Excellent Stable Free cash flow as a percentage of revenue Optimal: > 10%	29.5% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	30.1% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	30.8% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	20.8% Excellent ↓ Excellent Declining Free cash flow as a percentage of revenue Optimal: > 10%	31.4% Excellent Excellent Free cash flow as a percentage of revenue Optimal: > 10%	23.2% Excellent Excellent Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	1.59x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	1.67x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	1.09x Fair ↓ Fair Declining Free cash flow relative to reported net income Optimal: > 1x	0.38x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	2.17x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	0.95x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	1.11x Fair ↓ Fair Declining Free cash flow relative to reported net income Optimal: > 1x	1.22x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	1.45x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	1.07x Fair ↑ Fair Improving Free cash flow relative to reported net income Optimal: > 1x	0.87x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	0.90x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	1.13x Fair ↓ Fair Declining Free cash flow relative to reported net income Optimal: > 1x	1.18x Fair → Fair Stable Free cash flow relative to reported net income Optimal: > 1x	1.23x Good ↓ Good Declining Free cash flow relative to reported net income Optimal: > 1x	1.44x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	0.94x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	1.64x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	1.15x Fair Fair Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Return on Invested Capital (%)	—	—	—	—	13.1% Good ↓ Good Declining Return earned on debt + equity capital invested Optimal: > 10%	19.8% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	31.3% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	24.5% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	22.8% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	21.8% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	24.3% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	27.6% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	21.6% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	19.2% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	18.3% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	15.3% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	16.4% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	16.5% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	—	—
Return on Capital (%) (%)	—	—	—	—	11.9% Good ↓ Good Declining Operating profit relative to total assets Optimal: > 10%	18.5% Excellent ↓ Excellent Declining Operating profit relative to total assets Optimal: > 10%	25.9% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	23.3% Excellent → Excellent Stable Operating profit relative to total assets Optimal: > 10%	22.6% Excellent ↓ Excellent Declining Operating profit relative to total assets Optimal: > 10%	22.5% Excellent ↓ Excellent Declining Operating profit relative to total assets Optimal: > 10%	25.1% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	27.8% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	21.2% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	18.3% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	19.1% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	15.4% Excellent → Excellent Stable Operating profit relative to total assets Optimal: > 10%	15.1% Excellent Excellent Operating profit relative to total assets Optimal: > 10%	14.3% Good Good Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	—	—	7.8% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-48%)	22.7% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+52%)	14.3% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	37.4% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+149%)	44.1% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+194%)	34.0% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+127%)	20.1% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+34%)	30.5% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+103%)	37.8% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+152%)	27.2% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+81%)	21.6% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+44%)	19.8% Good ↑ Good Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+32%)	19.2% Good ↑ Good Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+28%)	18.6% Good ↑ Good Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+24%)	15.6% Good Good Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	13.5% Fair Fair Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-10%)	—	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Debt to Equity (x)	—	—	0.47x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-22%)	0.47x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-22%)	0.58x Good ↑ Good Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: At sector avg	0.69x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+16%)	0.33x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-44%)	0.46x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-24%)	0.47x Good ↑ Good Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-22%)	0.54x Good ↑ Good Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-11%)	0.70x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+16%)	0.05x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-91%)	0.07x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-89%)	0.10x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-84%)	0.16x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-73%)	0.19x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-68%)	—	—	—	—
Interest Coverage (x)	—	—	—	—	11.20x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	20.45x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	37.58x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	29.35x Excellent → Excellent Stable Operating income divided by interest expense Optimal: > 5x	21.31x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	19.81x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	51.21x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	134.66x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	78.86x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	50.85x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	52.26x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	34.60x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	36.19x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	30.32x Excellent Excellent Operating income divided by interest expense Optimal: > 5x	22.00x Excellent Excellent Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$6.29B	—	$6.94B	$6.28B	$6.27B	$7.43B	$1.55B	$4.71B	$4.36B	$4.19B	$5.21B	$-624.60M	$-10.13M	$116.67M	$509.16M	$275.60M	$-581.89M	$-622.38M	$-659.66M	$-661.38M
Debt / EBITDA (x)	—	—	—	—	1.88x Good ↑ Good Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.48x Good ↑ Good Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.58x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.86x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.92x Excellent ↑ Excellent Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.12x Good ↑ Good Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.19x Good ↑ Good Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.12x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.19x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.31x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.59x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.83x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—	—	—

📊 What does each share earn? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Revenue per Share (USD)	$67.51	$66.46	$67.97	$70.02	$73.65	$83.56	$76.85	$65.66	$57.73	$52.42	$46.66	$41.05	$29.26	$23.18	$20.83	$18.69	$15.23	$14.02	$10.04	—
Basic EPS, GAAP (USD)	$8.83	$11.21	$8.02	$20.96	$10.44	$24.86	$31.47	$21.63	$11.94	$16.96	$15.38	$12.42	$7.86	$5.80	$5.09	$3.98	$3.37	$2.67	$2.02	—
Free Cash Flow per Share (USD)	$14.00	$18.69	$8.78	$7.87	$22.68	$23.65	$35.08	$26.44	$17.33	$18.18	$13.32	$11.23	$8.86	$6.83	$6.27	$5.75	$3.16	$4.40	$2.33	—
Book Value per Share (USD)	—	—	$102.14	$93.04	$74.12	$70.21	$76.60	$66.12	$59.63	$56.23	$42.88	$46.07	$36.48	$29.43	$26.54	—	—	$20.16	—	—
Tangible Book Value per Share (USD)	—	—	$1.50	$40.27	$19.82	$12.16	$23.30	$21.37	$19.39	$21.60	$12.00	$21.40	$12.32	$17.45	$15.16	—	—	$8.70	—	—
Basic Weighted Avg Shares (shares)	146.50M	145.60M	144.70M	145.30M	149.10M	160.90M	187.10M	204.90M	212.60M	218.40M	230.70M	236.40M	236.92M	237.94M	242.40M	252.31M	287.36M	292.33M	315.84M	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Working Capital (USD)	$5.62B	$1.93B	$3.42B	$6.52B	$3.56B	$3.14B	$3.52B	$4.35B	$4.51B	$5.31B	$4.12B	$2.32B	$1.43B	$1.59B	$2.06B	$1.49B	$1.77B	$1.53B	—	—
LT Debt (USD)	$6.29B	—	$6.94B	$6.28B	$6.27B	$7.43B	$4.46B	$5.94B	$5.93B	$6.51B	$6.52B	$580.30M	$592.43M	$687.40M	$1.02B	$1.04B	—	—	—	—
Total Equity (USD)	—	—	$14.80B	$13.40B	$10.90B	$10.70B	$13.34B	$13.04B	$12.61B	$12.14B	$9.37B	$10.81B	$8.62B	$6.96B	$6.43B	$5.40B	$6.22B	$5.81B	—	—

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Sales/Revenue/Turnover (USD)	$9.89B	$9.68B	$9.84B	$10.17B	$10.98B	$13.44B	$14.38B	$13.45B	$12.27B	$11.45B	$10.76B	$9.70B	$6.93B	$5.52B	$5.05B	$4.72B	$4.38B	$4.10B	$3.17B	—
Depreciation Expense (USD)	$779.90M	$673.20M	$494.80M	$518.40M	$487.70M	$457.20M	$680.60M	$1.02B	$1.08B	$682.70M	$600.40M	$688.10M	$531.74M	$365.65M	—	—	—	—	—	—
Net Income, GAAP (USD)	$1.29B	$1.63B	$1.16B	$3.05B	$1.56B	$4.00B	$5.89B	$4.43B	$2.54B	$3.70B	$3.55B	$2.93B	$1.86B	$1.38B	$1.23B	$1.01B	$970.13M	$783.17M	$638.17M	—
Operating Cash Flow (USD)	$2.20B	$2.88B	$1.55B	$1.38B	$3.64B	$4.23B	$7.08B	$6.19B	$4.55B	$4.59B	$3.72B	$2.94B	$2.35B	$1.88B	$1.73B	$1.62B	$1.07B	$1.56B	$1.02B	—

BIOGEN INC.

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