Fundamental analysis · SEC EDGAR · TTM through 31/03/2026

Fundamental analysis of Biogen Inc.

BIIB · Nasdaq · Healthcare

Fundamental quality

REASONABLE

57

out of 100

Breakdown by area

I.GrowthEPS growth: -22% · Revenue growth: -0.7%
8
II.ProfitabilityNet margin: 13.8% · ROE: 7.4%
72
III.Financial healthNet debt/EBITDA: 1.03x · FCF: 24.4%
91

Source: SEC EDGAR · TTM through 31/03/2026

The score combines growth, profitability and financial strength. Here its financial strength weighs in its favor, while its growth drags it down the most.

Strengths

  • High gross margin (117.1%), pointing to pricing power.
  • Strong free-cash-flow generation (FCF margin of 24.4%).

Risks and weaknesses

  • Declining revenue (-0.7% annualized).
  • Declining earnings per share (-22% annualized).

Historical evolution

YearRevenueNet incomeFree cash flowNet debt
2021$10,982M$1,556M$3,382M
2022$10,173M$3,047M$1,144M
2023$9,836M$1,161M$1,270M
2024$9,676M$1,632M$2,722M
2025$9,891M$1,293M$2,051M

Between 2021 and 2025, revenue went from $10,982M to $9,891M (-10%) and net income went from $1,556M to $1,293M (-17%).

Annual figures in U.S. dollars per SEC filings. Net debt is total debt minus cash.

Frequently asked questions

Is Biogen Inc. a profitable company?

Yes. Biogen Inc. shows a net margin of 13.8% and an ROE of 7.4%, a sign of a profitable business.

Does Biogen Inc. have a lot of debt?

Not particularly. Its net debt is 1.03 times its EBITDA, a low level.

Is Biogen Inc. growing?

Its revenue has fallen 0.7% annualized in recent years.

Does Biogen Inc. generate cash?

Yes. It converts about 24.4% of its revenue into free cash flow.

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.

Is Biogen 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).

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