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
Market Cap
$23.48B
P/E (TTM)
17.8
17.5
Dividend Yield
--
52W High
$548.12
52W Low
$266.98
52W Range
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)
$21.31B
$11.04B
$9.81B
Gross Margin (Latest Quarter)
100.0%
92.3%
90.9%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| BIIB | $27.65B | 21.4 | 7.3% | 23.6% |
| UTHR | $23.48B | 17.8 | 19.3% | 0.0% |
| DGX | $22.35B | 22.5 | 13.9% | 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
EPS:-
|Revenue:-
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement | LTM |
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No Data