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BMY · NYSE

Bristol-Myers Squibb

Drug Manufacturers - General · United States

USD 63.060.4% daily changeQuote 2026-09-18 · USD
Market cap (USD)
US$128.81B
Trailing P/E
13.89x
Forward P/E
9.61x
Quarterly revenue growth
5.7%
Trailing net margin
18.9%
Indicated dividend yield
4.0%

Snapshot 2026-09-20 · Latest financial period 2026-06-30 · Yahoo Finance. Quotes may be delayed; reporting periods can differ.

Next earnings: 2026-10-29 (provider estimate, not issuer-confirmed).

Company background

Bristol-Myers Squibb Company discovers, develops, licenses, manufactures, markets, distributes, and sells biopharmaceutical products worldwide. The company offers products for oncology, hematology, immunology, cardiovascular, and neuroscience indications. Its products include Opdivo for anti-cancer indications; Opdivo Qvantig, a subcutaneous PD-1 inhibitor for solid tumors; Orencia for active rheumatoid arthritis and psoriatic arthritis; Yervoy for the treatment of unresectable or metastatic melanoma; Reblozyl to treat anemia; Breyanzi for the treatment of relapsed or refractory large B-cell lymphoma; Opdualag to treat unresectable or metastatic melanoma; and Camzyos for the treatment of symptomatic obstructive HCM. The company also offers Zeposia to treat relapsing forms of multiple sclerosis; Abecma for the treatment of patients with relapsed or refractory multiple myeloma; Sotyktu to treat moderate-to-severe plaque psoriasis; Krazati for the treatment of KRASG12C-mutated locally advanced or metastatic non-small cell lung cancer (NSCLC); and Cobenfy to treat schizophrenia. In addition, it offers Eliquis for the reduction of risk of stroke/systemic embolism and for the treatment of DVT/PE; Revlimid, an oral immunomodulatory drug for multiple myeloma; Pomalyst/Imnovid for multiple myeloma; Sprycel for Philadelphia chromosome-positive chronic myeloid leukemia; and Abraxane to treat breast cancer. Further, the company provides Augtyro for the treatment of locally advanced or metastatic ROS1-positive NSCLC, as well as NSCLC and pancreatic cancer. It sells its products to wholesalers, distributors, specialty pharmacies, retailers, hospitals, clinics, and government agencies. The company has a strategic collaboration with Arcus Biosciences, Inc. to develop a treatment regimen that delivers tumor control in kidney cancer. The company was formerly known as Bristol-Myers Company. The company was founded in 1887 and is headquartered in Princeton, New Jersey.

Company website

Q2 2026

Go beyond the headline.

Bristol Myers Squibb (BMY): The Best Quarter Before the Cliff | Q2 2026

Published 2026-07-31

Comparable businesses

BMY 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.

Comparison stocks

Market metrics · missing or inapplicable values shown as —
MetricBMYBristol-Myers Squibb CompanySnapshot 2026-09-20Financial period: 2026-06-30PFEPfizer Inc.Snapshot 2026-09-20Financial period: 2026-06-28SNYSanofiSnapshot 2026-09-20Financial period: 2026-06-30Peer medianSimilar-size peers only
Market capMarket value, converted to USDUS$128.81BUS$157.65BUS$101.79BUS$129.72Bn=2
Forward P/EProvider forward earnings estimate9.61x9.55x7.84x8.69xn=2
EV / EBITDAEnterprise value / trailing EBITDA8.60x8.26x
Revenue growthLatest quarter vs prior-year quarter5.7%2.6%14.6%8.6%n=2
Operating marginLatest reported quarter34.4%27.9%21.0%24.5%n=2
Free cash flow yieldTrailing cash flow / market cap6.3%7.9%
Net debt / EBITDANet debt / trailing EBITDA1.80x2.04x1.27x1.66xn=2
Debt / equityTotal debt / positive book equity2.02x0.74x0.34x0.54xn=2
Trailing P/ETrailing twelve-month earnings13.89x36.39x22.96x29.68xn=2
Price / bookPrice / positive book equity per share5.77x1.85x1.26x1.56xn=2
EV / salesEnterprise value / trailing revenue3.31x3.29x
Earnings growthLatest quarter vs prior-year quarter153.1%-91.2%
Gross marginTrailing twelve months71.7%74.7%73.5%74.1%n=2
Net marginTrailing twelve months18.9%6.8%8.1%7.4%n=2
Return on equityProvider trailing return; positive equity only46.6%5.0%5.7%5.4%n=2
Free cash flow marginTrailing free cash flow / revenue16.5%19.6%12.9%16.2%n=2
Dividend yieldIndicated annual dividend / price4.0%6.2%5.7%6.0%n=2
Earnings payoutProvider trailing dividend payout55.3%226.3%128.2%177.3%n=2
Current ratioCurrent assets / current liabilities1.53x1.27x0.99x1.13xn=2
BetaProvider historical market sensitivity0.230.300.280.29n=2

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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.

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Valuation & price history

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Price history

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Earnings-multiple scenario

Illustrative price = your earnings-per-share assumption × your P/E assumption. This is not a price target or a complete valuation model.

Starting assumptions, when available, use provider forward estimates as of 2026-09-20. Negative earnings require a different valuation method. This calculation omits balance-sheet, dilution and execution risks.

THE RESEARCH RECORD

Research history for BMY

All available reporting periods
Q2 20262026-07-31
Q1 20262026-05-01

BMY Stock: Q1 2026 Earnings Analysis

Presentation · 2026-05-01 · YouTube

Reported figures

Verify material figures against company filings. Market data and AI-assisted analysis may contain errors.