Fundamental analysis · SEC EDGAR · TTM through 31/03/2026
AMGN · Nasdaq · Healthcare
Fundamental quality
73
out of 100
Amgen Inc fits the profile of a quality compounder: it pairs high return on capital (ROE 84.9%) with wide margins (net margin 21%) and a business that keeps growing (7.5% a year). On fundamental quality it scores 73 out of 100, profiling it as a company of reasonable quality. Its weakest area is its growth (revenue +7.5%/yr). Whether it's cheap or expensive depends on the current price, which you can compute in the tool.
Amgen is one of the world's largest biotech companies. It specializes in biologic medicines —made from living cells— for serious diseases such as cancer and cardiovascular or inflammatory conditions. It has a broad portfolio and a strong dividend.
EPS growth: 3% · Revenue growth: 7.5%
Net margin: 21% · ROE: 84.9% · ROIC: 16.7%
Net debt/EBITDA: 2.93x · FCF: 23.1%
Source: SEC EDGAR · TTM through 31/03/2026
The score includes +2 for dividend strength: 9 consecutive years of increases. Keeping that streak demands growing cash generation and balance-sheet discipline.
The score combines growth, profitability and financial strength. Here its profitability weighs in its favor, while its growth drags it down the most.
Percentile against the other 57 Healthcare companies in our coverage: how far it beats them on each metric (100 = best in sector).
Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.
Key concepts
What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow
| Year | Revenue | Net income | Free cash flow | Net debt |
|---|---|---|---|---|
| 2020 | 25,424 | 7,264 | 9,889 | 26,720 |
| 2021 | 25,979 | 5,893 | 8,381 | 25,320 |
| 2022 | 26,323 | 6,552 | 8,785 | 31,316 |
| 2023 | 28,190 | 6,717 | 7,359 | 53,669 |
| 2024 | 33,424 | 4,090 | 10,394 | 48,126 |
| 2025 | 36,751 | 7,711 | 8,100 | 45,475 |
Between 2020 and 2025, revenue went from $25,424M to $36,751M (+45%) and net income went from $7,264M to $7,711M (+6%). Meanwhile, its margins have narrowed (from 29% to 21%).
Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.
Latest results
Figures for the quarter ended March 31, 2026, versus the quarter ended March 31, 2025 (SEC filings):
Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.
$9.66
per share, yearly
66.5% of earnings
Payout
at least 9 straight years raising it
Growth
That is what we can verify in the SEC filings, whose structured data only starts in 2008 and which many companies begin tagging later. The real streak may be considerably longer.
The dividend yield depends on today's price. Compute it in the analyzer → · See all dividend-paying stocks →
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Is Amgen Inc cheap or expensive?
That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).
Compute the valuation →Is Amgen Inc a good company to invest in?
In terms of business quality, Amgen Inc scores 73 out of 100 in our analysis, placing it as a company of reasonable quality. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.
Is Amgen Inc a profitable company?
Very. Amgen Inc shows a net margin of 21% and an ROE of 84.9%, typical of a highly profitable business.
Does Amgen Inc have a lot of debt?
A moderate level: its net debt is 2.93 times its EBITDA.
Is Amgen Inc growing?
Its revenue has grown 7.5% annualized in recent years and its earnings per share 3%, and without interruption since 2020.
Does Amgen Inc generate cash?
Yes. It converts about 23.1% of its revenue into free cash flow, and has done so positively year after year.
The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.
More Healthcare companies
Biogen (BIIB) · Moderna (MRNA) · Illumina (ILMN) · Zimmer Biomet (ZBH) · Baxter International (BAX) · Cardinal Health (CAH) · see more →
The best Healthcare stocks by our model →
Who's behind the methodology and model · how the score is computed
Data: see Amgen Inc's filings on EDGAR
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