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VRTX · NasdaqGS

Vertex Pharmaceuticals

Biotechnology · United States

USD 506.190.5% daily changeQuote 2026-10-06 · USD
Market cap (USD)
US$128.30B
Trailing P/E
29.48x
Forward P/E
25.18x
Quarterly revenue growth
12.5%
Trailing net margin
35.0%
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: 2026-11-02 (provider estimate, not issuer-confirmed).

Company background

Vertex Pharmaceuticals Incorporated operates as a biotechnology company in the United States, Europe, and internationally. The company offers transformative medicines for people with serious diseases with a focus on specialty markets, such as cystic fibrosis (CF), sickle cell disease (SCD), transfusion dependent beta thalassemia (TDT), and acute pain. It markets TRIKAFTA/KAFTRIO for people with CF with at least one F508del mutation for 2 years of age and older; ALYFTREK for the treatment for people with CF 6 years of age and older; SYMDEKO/SYMKEVI for treatment of patients with CF 6 years of age and older; ORKAMBI for CF patients 1 year or older; and KALYDECO for the treatment of patients with 1 month or older who have CF with ivacaftor. The company also develops CASGEVY for the treatment of SCD and TDT; JOURNAVX for the treatment of acute pain in adults; VX-522, a CFTR mRNA therapeutic designed to treat the underlying cause of CF, which is in Phase 1/2 clinical trial; inaxaplin for the treatment of APOL1-mediated kidney disease, which is in single Phase 2 trial; VX-264 for treating Type 1 Diabetes; VX-670 for the treatment of myotonic dystrophy type 1; and VX-407, a small molecule corrector for the treatment of autosomal dominant polycystic kidney disease. In addition, the company also operates as a clinical-stage pharmaceutical company, that focuses on the discovery, development, and commercialization of novel therapeutics for rare endocrine diseases and endocrine-related tumors. The company sells its products primarily to specialty pharmacy and distributors, wholesalers, retail pharmacies, hospitals, and clinics. Vertex Pharmaceuticals Incorporated has a strategic collaboration with AbCellera Biologics Inc. to research, develop, manufacture, and commercialize multispecific T-cell engagers (TCEs) for autoimmune diseases and other conditions. Vertex Pharmaceuticals Incorporated was founded in 1989 and is headquartered in Boston, Massachusetts.

Company website

Q2 2026

Go beyond the headline.

VRTX (Vertex Pharmaceuticals): A Beat, A Raise — And 75% Of Revenue Just Shrank. Q2 2026

Published 2026-08-04

Comparable businesses

VRTX 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

No suitable peers with fresh, comparable size data are available. We have not substituted unrelated companies.

Market metrics · missing or inapplicable values shown as —
MetricVRTXVertex Pharmaceuticals IncorporatedSnapshot 2026-10-06Financial period: 2026-06-30
Market capMarket value, converted to USDUS$128.30B
Forward P/EProvider forward earnings estimate25.18x
EV / EBITDAEnterprise value / trailing EBITDA23.87x
Revenue growthLatest quarter vs prior-year quarter12.5%
Operating marginLatest reported quarter38.1%
Free cash flow yieldTrailing cash flow / market cap2.0%
Net debt / EBITDANet debt / trailing EBITDA-1.15x
Debt / equityTotal debt / positive book equity0.10x
Trailing P/ETrailing twelve-month earnings29.48x
Price / bookPrice / positive book equity per share6.33x
EV / salesEnterprise value / trailing revenue9.67x
Earnings growthLatest quarter vs prior-year quarter8.0%
Gross marginTrailing twelve months55.0%
Net marginTrailing twelve months35.0%
Return on equityProvider trailing return; positive equity only23.5%
Free cash flow marginTrailing free cash flow / revenue20.9%
Dividend yieldIndicated annual dividend / price—
Earnings payoutProvider trailing dividend payout0.0%
Current ratioCurrent assets / current liabilities3.19x
BetaProvider historical market sensitivity0.28

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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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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 VRTX

All available reporting periods
Q2 20262026-08-04
Q1 20262026-05-05

Reported figures

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