
Vertex Pharmaceuticals Incorporated
NASDAQ•VRTX
CEO: Dr. Jeffrey Marc Leiden M.D., Ph.D.
Sector: Healthcare
Industry: Biotechnology
Listing Date: 1991-07-24
Vertex Pharmaceuticals Incorporated, a biotechnology company, engages in developing and commercializing therapies for treating cystic fibrosis (CF). It markets TRIKAFTA/KAFTRIO for people with CF with at least one F508del mutation for 2 years of age or older; SYMDEKO/SYMKEVI for people with CF for 6 years of age or older; ORKAMBI for CF patients 1 year or older; and KALYDECO for the treatment of patients with 1 year or older who have CF with ivacaftor. The company's pipeline includes VX-522, a CFTR mRNA therapeutic designed to treat the underlying cause of CF, which is in Phase 1 clinical trial; VX-548, a non-opioid medicine for the treatment of acute and neuropathic pain which is in Phase 3 clinical trial; Exa-cel, for the treatment of sickle cell disease and transfusion-dependent beta thalassemia which is in Phase 2/3 clinical trial. In addition, it provides inaxaplin for the treatment of APOL1-mediated focal segmental glomerulosclerosis and co-morbidities, such as hypertension which is in single Phase 2/3; VX- 880 and VX-264, treatment for Type 1 Diabetes which is in Phase 1/2 clinical trial; VX-970, which is in Phase 2 clinical trial for the treatment of cancer; and VX-803 and VX-984 for treatment of cancer in Phase 1 clinical trial. Further, it sells the products to specialty pharmacy and specialty distributors in the United States, as well as retail pharmacies, hospitals, and clinics. Additionally, the company has collaborations with CRISPR Therapeutics AG.; Moderna, Inc.; Entrada Therapeutics, Inc.; Arbor Biotechnologies, Inc.; Mammoth Biosciences, Inc.; and Verve Therapeutics., as well as collaborations with Tevard Biosciences to develop novel tRNA-based therapies for duchenne muscular dystrophy. Vertex Pharmaceuticals Incorporated was founded in 1989 and is headquartered in Boston, Massachusetts.
Contact Information
Market Cap
$113.16B
P/E (TTM)
30.7
38.2
Dividend Yield
--
52W High
$519.68
52W Low
$362.50
52W Range
Rank29Top 17.8%
5.2
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 5.2 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025
Financial Dashboard
Q3 2025 Data
Revenue
$3.08B+10.98%
4-Quarter Trend
EPS
$4.24+4.69%
4-Quarter Trend
FCF
$1.14B-12.48%
4-Quarter Trend
2025 Q3 Earnings Highlights
Key Highlights
Nine Month Revenue Growth Total revenues reached $8.81B USD for nine months ended September 30, 2025, marking an 9% increase versus prior year.
Strong Net Income Performance Net income was $2.76B USD for nine months 2025, a significant turnaround from the $(1.45B) loss reported in 2024.
Cash and Securities Increase Total cash, cash equivalents, and marketable securities grew 7% to $12.01B USD as of September 30, 2025.
CF Product Revenue Strength TRIKAFTA/KAFTRIO product revenues totaled $7.74B USD for nine months 2025, showing 3% growth over 2024 period.
Risk Factors
Intangible Asset Impairment Recorded $379.0M USD intangible asset impairment charge in Q1 2025 following VX-264 clinical trial discontinuation decision.
ALYFTREK Royalty Dispute Royalty Pharma initiated arbitration alleging 8% royalty burden on ALYFTREK sales, contrary to company's 4% position.
Increased Operating Expenses Total costs and expenses rose 14% to $5.84B USD for nine months 2025, driven by R&D and SG&A increases.
Contingent Consideration Liability Fair value of contingent consideration liability was $78.1M USD as of September 30, 2025, reflecting potential future payments.
Outlook
Povetacicept BLA Submission Expect submission of first module for IgAN Biologics License Application before year-end 2025 for accelerated approval.
JOURNAVX Commercial Expansion JOURNAVX achieved access to over 170 million U.S. covered lives, expecting continued expansion through 2026.
Remaining Share Repurchase $3.5B USD authorization remains available under the 2025 Share Repurchase Program approved in May 2025.
Analyzing New Tax Law Assessing impact of recently enacted U.S. H.R.1 legislation on future effective tax rates, liabilities, and cash taxes.
Peer Comparison
Revenue (TTM)
CVS$394.08B
MCK$387.09B
HCA$74.37B
Gross Margin (Latest Quarter)
88.3%
VRTX86.5%
REGN86.1%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| MDT | $124.11B | 26.0 | 9.8% | 31.9% |
| SNY | $113.51B | 10.6 | 12.6% | 16.8% |
| VRTX | $113.16B | 30.7 | 21.8% | 7.4% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
1.8%
Moderate Growth
4Q Net Income CAGR
5.9%
Profitability Improving
Cash Flow Stability
100%
Strong Cash Flow
Research & Insights
Next earnings:Feb 9, 2026
EPS:$5.05
|Revenue:$3.18B
Reports
All Years
Form 10-Q - Q3 2025
Period End: Sep 30, 2025|Filed: Nov 4, 2025|Revenue: $3.08B+11.0%|EPS: $4.24+4.7%MissForm 10-Q - Q2 2025
Period End: Jun 30, 2025|Filed: Aug 5, 2025|Revenue: $2.96B+12.1%|EPS: $4.02-128.9%MissForm 10-Q - Q1 2025
Period End: Mar 31, 2025|Filed: May 6, 2025|Revenue: $2.77B+3.1%|EPS: $2.52-40.8%MissForm 10-K - FY 2024
Period End: Dec 31, 2024|Filed: Feb 13, 2025|Revenue: $11.02B+11.7%|EPS: $-2.08-114.8%MissForm 10-Q - Q3 2024
Period End: Sep 30, 2024|Filed: Nov 5, 2024|Revenue: $2.77B+11.6%|EPS: $4.05+1.0%MeetForm 10-Q - Q2 2024
Period End: Jun 30, 2024|Filed: Aug 2, 2024|Revenue: $2.65B+6.1%|EPS: $-13.92-492.1%MissForm 10-Q - Q1 2024
Period End: Mar 31, 2024|Filed: May 7, 2024|Revenue: $2.69B+13.2%|EPS: $4.26+56.6%BeatForm 10-K - FY 2023
Period End: Dec 31, 2023|Filed: Feb 15, 2024|Revenue: $9.87B+10.5%|EPS: $14.05+8.3%Beat