logo
Twitter
Discord
Email
logo
Amgen Inc.

Amgen Inc.

NASDAQ•AMGN
CEO: Mr. Robert A. Bradway
Sector: Healthcare
Industry: Drug Manufacturers - General
Listing Date: 1983-06-17
Amgen Inc. discovers, develops, manufactures, and delivers human therapeutics worldwide. The company's principal products include Enbrel to treat plaque psoriasis, rheumatoid arthritis, and psoriatic arthritis; Otezla for the treatment of adult patients with plaque psoriasis, psoriatic arthritis, and oral ulcers associated with Behçet's disease; Prolia to treat postmenopausal women with osteoporosis; XGEVA for skeletal-related events prevention; Repatha, which reduces the risks of myocardial infarction, stroke, and coronary revascularization; Nplate for the treatment of patients with immune thrombocytopenia; KYPROLIS to treat patients with relapsed or refractory multiple myeloma; Aranesp to treat a lower-than-normal number of red blood cells and anemia; EVENITY for the treatment of osteoporosis in postmenopausal for men and women; Vectibix to treat patients with wild-type RAS metastatic colorectal cancer; BLINCYTO for the treatment of patients with acute lymphoblastic leukemia; TEPEZZA to treat thyroid eye disease; and KRYSTEXXA for the treatment of chronic refractory gout. It also markets other products, including Neulasta, MVASI, AMJEVITA/AMGEVITA, TEZSPIRE, Parsabiv, Aimovig, LUMAKRAS/LUMYKRAS, EPOGEN, KANJINTI, TAVNEOS, RAVICTI, UPLIZNA and PROCYSBI. The company serves healthcare providers, including physicians or their clinics, dialysis centers, hospitals, and pharmacies. It distributes its products through pharmaceutical wholesale distributors, as well as direct-to-consumer channels. The company has collaboration agreements with AstraZeneca plc for the development and commercialization of TEZSPIRE; Novartis Pharma AG to develop and commercialize Aimovig; UCB for the development and commercialization of EVENITY; Kyowa Kirin Co., Ltd. for rocatinlimab development and commercialization; and BeiGene, Ltd. for oncology products expansion and development. Amgen Inc. was incorporated in 1980 and is headquartered in Thousand Oaks, California.
Contact Information
One Amgen Center Drive, Thousand Oaks, CA, 91320-1799, United States
805-447-1000
www.amgen.com
Market Cap
$183.17B
P/E (TTM)
26.1
23.6
Dividend Yield
2.8%
52W High
$346.38
52W Low
$253.30
52W Range
93%
Rank18Top 3.4%
6.7
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Strong • 6.7 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$9.56B+12.40%
4-Quarter Trend

EPS

$5.98+13.47%
4-Quarter Trend

FCF

$4.25B+28.18%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Net Income Soars 84% Nine-month Net Income reached $6.378B, an 84% increase over prior year, driven by strong revenue performance.
Total Revenue Up 10% Total revenues for nine months hit $26.885B, marking a 10% increase, fueled by 11% growth in product sales.
Strong Diluted EPS Growth Diluted EPS was $11.77 for nine months, reflecting an 84% increase compared to $6.40 reported last year.
TEZSPIRE Sales Surge TEZSPIRE product sales grew 49% to $1.004B for nine months, driven by strong volume growth across regions.

Risk Factors

Medicare Price Setting Risk ENBREL faces negative profitability impact from CMS Medicare price setting beginning January 1, 2026, per IRA provisions.
Otezla Price Setting Ahead Otezla selected for Medicare price setting starting January 1, 2027, expecting further net selling price declines post-2027.
Biosimilar Competition Pressure Prolia and XGEVA patent expirations in US (Feb 2025) lead to expected sales erosion from biosimilar launches.
Ongoing IRS Tax Disputes Tax court decision on 2010-2015 IRS profit allocation dispute not expected until second half of 2026.

Outlook

Pipeline Investment Continues Expect continued spending growth on Later-Stage Clinical Programs, including investments related to the MariTide development.
Repatha Indication Expansion FDA broadened Repatha use in August 2025 for high-risk adults, removing prior cardiovascular disease diagnosis requirement.
Capital Allocation Strategy Plan to optimize capital structure via debt reduction, dividends ($2.38/share declared), and stock repurchases.
TEZSPIRE New Approval FDA approved TEZSPIRE in October 2025 for chronic rhinosinusitis with nasal polyps in patients 12+.

Peer Comparison

Revenue (TTM)

Merck & Co., Inc.MRK
$64.24B
+1.7%
Pfizer Inc.PFE
$62.79B
+3.9%
Bristol-Myers Squibb CompanyBMY
$48.03B
+1.3%

Gross Margin (Latest Quarter)

Merck & Co., Inc.MRK
81.9%
+6.4pp
Gilead Sciences, Inc.GILD
79.8%
+0.7pp
Pfizer Inc.PFE
74.9%
+14.1pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
MRK$253.56B13.238.9%37.2%
ISRG$203.13B73.816.1%0.0%
AMGN$183.17B26.196.2%60.6%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
1.7%
Moderate Growth
4Q Net Income CAGR
72.5%
Profitability Improved
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 5, 2025|
    Revenue: $9.56B+12.4%
    |
    EPS: $5.98+13.5%
    Beat
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 6, 2025|
    Revenue: $9.17B+9.3%
    |
    EPS: $2.66+91.4%
    Miss
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 2, 2025|
    Revenue: $8.15B+9.4%
    |
    EPS: $3.22-1633.3%
    Miss
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 14, 2025|
    Revenue: $33.42B+18.6%
    |
    EPS: $7.62-39.3%
    Beat
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Oct 31, 2024|
    Revenue: $8.50B+23.2%
    |
    EPS: $5.27+63.2%
    Meet
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 7, 2024|
    Revenue: $8.39B+20.1%
    |
    EPS: $1.39-46.1%
    Miss
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 3, 2024|
    Revenue: $7.45B+22.0%
    |
    EPS: $-0.21-103.9%
    Miss
  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 14, 2024|
    Revenue: $28.19B+7.1%
    |
    EPS: $12.56+3.1%
    Beat