Fundamental analysis · SEC EDGAR · TTM through 30/06/2026

Fundamental analysis of Bristol Myers Squibb Co

BMY · NYSE · Healthcare

Fundamental quality

ATTRACTIVE

77

out of 100

Bristol Myers Squibb Co runs like a cash machine: it converts about 23.3% of revenue into free cash flow and holds a 18.9% net margin, though it grows at a measured pace. On fundamental quality it scores 77 out of 100, profiling it as a company with solid fundamentals. Its weakest area is its growth (revenue +2.7%/yr). Whether it's cheap or expensive depends on the current price, which you can compute in the tool.

What the company does

Bristol Myers Squibb is a big pharma focused on oncology, hematology and immunology. It's living the sector's classic transition: its legacy blockbusters are losing patent protection and must be replaced by a new generation of drugs bought and developed at great expense.

What will shape its future

  • The patent cliff on its blockbusters: how much revenue it loses to generics, and how fast.
  • The ramp-up of its new drugs, which must offset that loss — the race that defines its decade.
  • Its debt, elevated after large acquisitions, which limits flexibility if the new portfolio disappoints.

Breakdown by area

I.Growth
47

EPS growth: 8.7% · Revenue growth: 2.7%

II.Profitability
90

Net margin: 18.9% · ROE: 41.6% · ROIC: 18.8%

III.Financial health
82

Net debt/EBITDA: 2.03x · FCF: 23.3%

Source: SEC EDGAR · TTM through 30/06/2026

The score includes +4 for dividend strength: 18 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.

Versus its sector

Percentile against the other 57 Healthcare companies in our coverage: how far it beats them on each metric (100 = best in sector).

Net marginbeats 77%
ROEbeats 86%
Growthbeats 11%
Cash generationbeats 81%
Less debtbeats 50%

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

Bristol Myers Squibb Co strengths

  • Excellent free-cash-flow generation (FCF margin of 23.3%): profit turns into real cash.
  • Reasonable return on capital: its ROE (41.6%) is inflated by buybacks, but ROIC —which strips that out— is 18.8%.
  • It has turned profitable after years of losses.
  • High net margin (18.9%): the business is clearly profitable.

Bristol Myers Squibb Co risks and weaknesses

  • Weak revenue growth (2.7% annualized).

Bristol Myers Squibb Co historical evolution

YearRevenueNet incomeFree cash flowNet debt
202042,518-9,01513,29935,790
202146,3856,99415,23430,390
202246,1596,32711,94829,830
202345,0068,02512,65128,062
202448,300-8,94813,94239,085
202548,1947,05412,84534,618

Between 2020 and 2025, revenue went from $42,518M to $48,194M (+13%) and net income went from -$9,015M to $7,054M (+178%).

Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.

Latest results

Versus the same period a year earlier

Figures for the half-year ended June 30, 2026, versus the half-year ended June 30, 2025 (SEC filings):

  • Revenue+4.2%
  • Net income+59.2%

What changed with the June 30, 2026 results

Compared with the previous close (March 31, 2026), this is what moved in its accounts:

  • Quality score7277
  • Net margin15%18.9%
  • ROE36.3%41.6%
  • FCF margin24.6%23.3%
  • Net debt/EBITDA2.3×2.03×

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.

Dividend

$2.49

per share, yearly

71.5% of earnings

Payout

at least 18 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 Bristol Myers Squibb Co 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 →

Frequently asked questions

Is Bristol Myers Squibb Co a good company to invest in?

In terms of business quality, Bristol Myers Squibb Co scores 77 out of 100 in our analysis, placing it as a company of high fundamental quality. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.

Is Bristol Myers Squibb Co a profitable company?

Yes. Bristol Myers Squibb Co shows a net margin of 18.9% and an ROE of 41.6%, a sign of a profitable business.

Does Bristol Myers Squibb Co have a lot of debt?

A moderate level: its net debt is 2.03 times its EBITDA.

Is Bristol Myers Squibb Co growing?

Its revenue has grown 2.7% annualized in recent years and its earnings per share 8.7%.

Does Bristol Myers Squibb Co generate cash?

Yes. It converts about 23.3% 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.

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