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United Therapeutics Corporation

NASDAQ•UTHR
CEO: Dr. Martine A. Rothblatt J.D., M.B.A., Ph.D.
Sector: Healthcare
Industry: Biotechnology
Listing Date: 1999-06-17
United Therapeutics Corporation, a biotechnology company, engages in the development and commercialization of products to address the unmet medical needs of patients with chronic and life-threatening diseases in the United States and internationally. The company offers Tyvaso DPI, an inhaled dry powder via pre-filled and single-use cartridges; Tyvaso, an inhaled solution via ultrasonic nebulizer; Remodulin (treprostinil) injection to treat patients with pulmonary arterial hypertension (PAH) to diminish symptoms associated with exercise; Orenitram, a tablet dosage form of treprostinil, to delay disease progression and improve exercise capacity in PAH patients; and Adcirca, an oral PDE-5 inhibitor to enhance the exercise ability in PAH patients. It also markets and sells Unituxin (dinutuximab) injection, a monoclonal antibody for treating high-risk neuroblastoma; and Remunity Pump, which contains a pump and separate controller for Remodulin. In addition, the company engages in developing RemoPro and Ralinepag for the treatment of PAH; Aurora-GT, a gene therapy product to rebuild the blood vessels in the lungs; and Nebulized Tyvaso, for the treatment of idiopathic pulmonary fibrosis, as well as xenografts, which are development-stage organ products. It has licensing and collaboration agreements with DEKA Research & Development Corp. to develop a semi-disposable system for the subcutaneous delivery of treprostinil; MannKind Corporation to develop and license treprostinil inhalation powder and the Dreamboat device; and Arena Pharmaceuticals, Inc. to develop Ralinepag. The company was incorporated in 1996 and is headquartered in Silver Spring, Maryland.
Contact Information
1000 Spring Street, Silver Spring, MD, 20910, United States
301-608-9292
www.unither.com
Market Cap
$23.48B
P/E (TTM)
17.8
17.5
Dividend Yield
--
52W High
$548.12
52W Low
$266.98
52W Range
96%
Rank24Top 10.8%
5.7
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 5.7 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q4 2025 Data

Revenue

$790.20M+0.00%
4-Quarter Trend

EPS

$8.36+0.00%
4-Quarter Trend

FCF

$173.30M+0.00%
4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Total Revenue Growth Strong Total revenues reached $3.18B USD in 2025, marking an 11% increase over 2024 results.
Net Income Increased Substantially Net income grew to $1.33B USD in 2025, reflecting strong profitability improvement across operations.
Tyvaso DPI Sales Surge Tyvaso DPI net product sales grew 25% to $1.29B USD, driven by increased patient utilization.
Operating Cash Flow Rises Net cash provided by operating activities was $1.56B USD, increasing 18% compared to prior year.

Risk Factors

Heavy Product Sales Reliance Treprostinil-based therapies comprise the vast majority of total revenues, posing significant revenue concentration risk.
Generic Competition Pressures Sales Generic versions of Remodulin and Adcirca competition materially impacted prior revenues; future erosion expected.
Ongoing Litigation Financial Exposure Sandoz litigation resulted in a $71.1M liability accrual in 2024; ultimate outcome remains uncertain.
Manufacturing Third-Party Dependency Reliance on third parties for critical manufacturing and supply chain activities exposes operations to disruption risks.

Outlook

Pipeline Advancement Key Focus Phase 3 TETON studies for Nebulized Tyvaso in IPF/PPF and ADVANCE OUTCOMES for Ralinepag ongoing.
Capital Investment Planned Budgeted approximately $400M USD through 2028 for constructing new manufacturing facilities supporting growth.
Xenograft Trials Progressing UKidney EXPAND Phase 1/2/3 trial initiated in Q4 2025; UThymoKidney EXTEND IND cleared July 2025.
Significant Share Repurchase Executed Entered 2025 ASR agreements paying $1.0B USD upfront to repurchase common stock through early 2026.

Peer Comparison

Revenue (TTM)

THC stock ticker logoTHC
$21.31B
+3.1%
DGX stock ticker logoDGX
$11.04B
+11.8%
BIIB stock ticker logoBIIB
$9.81B
+1.4%

Gross Margin (Latest Quarter)

RPRX stock ticker logoRPRX
100.0%
+0.0pp
GMAB stock ticker logoGMAB
92.3%
-0.7pp
INCY stock ticker logoINCY
90.9%
+1.8pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
BIIB$27.65B21.47.3%23.6%
UTHR$23.48B17.819.3%0.0%
DGX$22.35B22.513.9%42.6%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-0.2%
Flat Growth
4Q Net Income CAGR
4.2%
Profitability Slowly Improving
Cash Flow Stability
100%
Strong Cash Flow

Deep Research

Next earnings:Apr 28, 2026
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