logo
logo
AMGN stock ticker logo

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
$198.26B
P/E (TTM)
25.7
21.2
Dividend Yield
2.6%
52W High
$391.29
52W Low
$261.43
52W Range
82%
Rank18Top 5.0%
6.3
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Strong • 6.3 / 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

Q4 2025 Data

Revenue

$9.90B+8.58%
4-Quarter Trend

EPS

$2.47+111.11%
4-Quarter Trend

FCF

$961.00M-78.16%
4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Total Sales Up Ten Percent Total product sales reached $35.15B USD, growing 10% driven by 13% volume growth across key brands.
Net Income Nearly Doubles Net income surged 89% to $7.71B USD, resulting in diluted EPS of $14.23 USD, up 88%.
Key Regulatory Milestones Achieved FDA granted full IMDELLTRA approval; UPLIZNA gained two new indications in 2025 following positive trial results.
Strong Operating Cash Generation Cash provided by operating activities totaled $9.96B USD, supporting $1.9B in capital expenditures for expansion.

Risk Factors

Biosimilar Competition Accelerating Prolia and XGEVA RANKL antibody patents expired in 2025, expecting accelerated sales erosion from biosimilar launches.
Medicare Price Setting Impact IRA mandatory price setting begins in Medicare 2026 for certain drugs, expected to negatively impact profitability.
Manufacturing Facility Vulnerability Substantial commercial manufacturing relies on Puerto Rico facility, vulnerable to natural disasters and infrastructure disruption.
Ongoing IRS Tax Litigation Complex profit allocation dispute with IRS is in U.S. Tax Court; decision expected no earlier than H2 2026.

Outlook

Manufacturing Capacity Expansion Expanding capacity with new state-of-the-art facilities in North Carolina and Ohio to ensure reliable global supply.
Advancing Innovative Pipeline Continued investment growth in Later-Stage Clinical Programs, including six global Phase 3 studies initiated for MariTide.
Disciplined Capital Allocation Retired $6.0B debt in 2025 while increasing quarterly cash dividend by 6% for the second consecutive year.
IT System Modernization Complete Completed substantial transition from legacy Horizon IT systems to Amgen's integrated cybersecurity environment in 2025.

Peer Comparison

Revenue (TTM)

MRK stock ticker logoMRK
$65.01B
+1.3%
PFE stock ticker logoPFE
$62.58B
-1.6%
NVS stock ticker logoNVS
$56.15B
+8.6%

Gross Margin (Latest Quarter)

MRK stock ticker logoMRK
92.7%
+2.2pp
GILD stock ticker logoGILD
86.8%
+0.7pp
AMGN stock ticker logoAMGN
81.9%
+16.1pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
NVS$298.18B21.032.8%32.1%
MRK$286.57B15.836.2%36.9%
AMGN$198.26B25.796.7%60.3%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
6.7%
Steady Growth
4Q Net Income CAGR
-8.3%
Declining Profitability
Cash Flow Stability
100%
Strong Cash Flow

Deep Research

Next earnings:Apr 29, 2026
|
EPS:$4.80
|
Revenue:$8.62B
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement
LTM
No Data