YouTube · Q2 2026 · 2026-07-31
BIIB · NasdaqGS
Biogen Inc.
Drug Manufacturers - General · United States
USD 224.560.4% daily changeQuote 2026-10-06 · USD
- Market cap (USD)
- US$33.18B
- Trailing P/E
- 39.89x
- Forward P/E
- 13.58x
- Quarterly revenue growth
- 3.4%
- Trailing net margin
- 8.3%
- Indicated dividend yield
- —
Snapshot 2026-10-06 · Latest financial period 2026-06-30 · Yahoo Finance. Quotes may be delayed; reporting periods can differ.
Next earnings: 2026-10-28 (provider estimate, not issuer-confirmed).
Company background
Biogen Inc. discovers, develops, manufactures, and delivers therapies in the United States, Europe, Germany, Asia, and internationally. The company provides TECFIDERA, VUMERITY, AVONEX, PLEGRIDY, and TYSABRI for multiple sclerosis (MS); SPINRAZA for spinal muscular atrophy; SKYCLARYS to treat Friedreich's Ataxia; QALSODY for treating amyotrophic lateral sclerosis; FUMADERM to treat plaque psoriasis; BENEPALI, an etanercept biosimilar referencing ENBREL; IMRALDI, an adalimumab biosimilar referencing HUMIRA; FLIXABI, an infliximab biosimilar referencing REMICADE. It offers LEQEMBI for the treatment of Alzheimer's disease; ZURZUVAE for the treatment of postpartum depression; RITUXAN to treat non-Hodgkin's lymphoma, chronic lymphocytic leukemia (CLL), rheumatoid arthritis, two forms of ANCA-associated vasculitis, and pemphigus vulgaris; RITUXAN HYCELA for non-Hodgkin's lymphoma and CLL; GAZYVA to treat CLL and follicular lymphoma; OCREVUS for relapsing MS and primary progressive MS; LUNSUMIO to treat relapsed or refractory follicular lymphoma; glofitamab for aRelapsed or refractory diffuse large B-cell lymphoma; and other anti-CD20 therapies. Biogen Inc. has collaboration and license agreements with Merz Therapeutics; Alkermes Pharma Ireland Limited; Denali Therapeutics Inc.; UCB; Eisai Co., Ltd.; Genentech, Inc.; Neurimmune SubOne AG; Ionis Pharmaceuticals, Inc.; Samsung Bioepis; and Sage Therapeutics, Inc., as well as collaborations with Stoke Therapeutics, Inc. for the development and commercialization of zorevunersen, a disease modifying medicine for the treatment of Dravet syndrome; Dayra Therapeutics, Inc. to develop oral macrocyclic peptides; Vanqua Bio, Inc. for developing Vanqua's preclinical oral C5aR1 antagonist compound; City Therapeutics, Inc. to develop select novel RNAi therapies; and ALTEOGEN Inc. to develop subcutaneous (SC) formulations of biologics utilizing ALT-B4. The company was founded in 1978 and is headquartered in Cambridge, Massachusetts.
Company websiteQ1 2026
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Comparable businesses
BIIB peer comparison
Same business group first, then company size. Preferred market cap: 0.5–2x; extended range: one-third–3x. Outside that range, industry benchmarks are labeled separately and excluded from peer medians.
| Metric | BIIBBiogen Inc.Snapshot 2026-10-06Financial period: 2026-06-30 | GSKGSK plcSnapshot 2026-10-06Financial period: 2026-06-30 | GRFSGrifols, S.A.Snapshot 2026-10-06Financial period: 2026-06-30 |
|---|---|---|---|
| Market capMarket value, converted to USD | US$33.18B | US$93.78B | US$5.14B |
| Forward P/EProvider forward earnings estimate | 13.58x | 9.48x | 5.23x |
| EV / EBITDAEnterprise value / trailing EBITDA | 11.94x | — | — |
| Revenue growthLatest quarter vs prior-year quarter | 3.4% | 5.3% | -0.9% |
| Operating marginLatest reported quarter | 25.1% | 30.9% | 15.9% |
| Free cash flow yieldTrailing cash flow / market cap | 3.8% | — | — |
| Net debt / EBITDANet debt / trailing EBITDA | 2.10x | 1.40x | 5.36x |
| Debt / equityTotal debt / positive book equity | 0.44x | 1.06x | 1.17x |
| Trailing P/ETrailing twelve-month earnings | 39.89x | 14.77x | 9.81x |
| Price / bookPrice / positive book equity per share | 1.76x | 3.98x | 1.65x |
| EV / salesEnterprise value / trailing revenue | 4.00x | — | — |
| Earnings growthLatest quarter vs prior-year quarter | -84.8% | -69.5% | 32.9% |
| Gross marginTrailing twelve months | 78.3% | 73.5% | 37.8% |
| Net marginTrailing twelve months | 8.3% | 14.5% | 6.1% |
| Return on equityProvider trailing return; positive equity only | 4.6% | 33.4% | 6.9% |
| Free cash flow marginTrailing free cash flow / revenue | 12.6% | 10.5% | 7.7% |
| Dividend yieldIndicated annual dividend / price | — | 3.9% | 1.5% |
| Earnings payoutProvider trailing dividend payout | 0.0% | 56.5% | 38.0% |
| Current ratioCurrent assets / current liabilities | 1.86x | 0.81x | 2.37x |
| BetaProvider historical market sensitivity | 0.09 | 0.28 | 1.20 |
YouTube · Q2 2026 · 2026-07-31
YouTube · H1 2026 · 2026-07-29
Comparison methodology & limitations
Reviewed operating groups override broad sector classifications. Other companies are matched only within a sufficiently specific provider industry. Business mix, geography and accounting standards can still differ. Market caps are converted to USD using exchange rates captured during the snapshot refresh. Financial ratios that would mix currencies are omitted. Snapshots must be at most 14 days old and no more than seven days apart for automatic selection.
Peer medians require at least two valid similar-size peers for each metric. Negative earnings, nonpositive equity, missing data and irrelevant bank ratios are not presented as attractive valuations. A higher or lower number is not automatically a better investment. Financial statement periods are not calendar-aligned across companies.
Reported performance
Financial trends
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Financial data & calculation notes
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Earnings-multiple scenario
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Starting assumptions, when available, use provider forward estimates as of 2026-10-06. Negative earnings require a different valuation method. This calculation omits balance-sheet, dilution and execution risks.
THE RESEARCH RECORD
Research history for BIIB
Q1 20262026-04-29
BIIB Stock: $2.5B Revenue — Q1 2026 Earnings Analysis
Presentation · 2026-04-29 · YouTube