AMGN Chart
About

Amgen Inc. discovers, develops, manufactures, and delivers human therapeutics worldwide. The company's principal products include Enbrel for the treatment of rheumatoid arthritis, plaque psoriasis, and psoriatic arthritis; Otezla for the treatment of adult patients with plaque psoriasis, psoriatic arthritis, and oral ulcers associated with Behçet's disease; Prolia to treat postmenopausal women with osteoporosis; XGEVA for skeletal-related events prevention; Repatha, which reduces the risks of myocardial infarction, stroke, and coronary revascularization; Nplate for the treatment of patients with immune thrombocytopenia; KYPROLIS to treat patients with relapsed or refractory multiple myeloma; Aranesp to treat a lower-than-normal number of red blood cells and anemia; EVENITY for the treatment of osteoporosis in postmenopausal for women; Vectibix to treat patients with wild-type RAS metastatic colorectal cancer; BLINCYTO for the treatment of patients with acute lymphoblastic leukemia; TEPEZZA to treat thyroid eye disease; and KRYSTEXXA for the treatment of chronic refractory gout. It also markets other products, including PROLIA, REPATHA, OTEZLA, ENBREL, EVENITY, XGEVA, TEPEZZA, BLINCYTO, NPLATE, TEZSPIRE, KYPROLIS, ARANESP, KRYSTEXXA AND VECTIBIX, MVASI, PAVBLU, UPLIZNA, IMDELLTRA/IMDYLLTRA, AMJEVITA/AMGEVITA, TAVNEOS, NEULASTA, LUMAKRAS/LUMYKRAS, RAVICTI, PARSABIV, AIMOVIG, WEZLANA/WEZENLA, AND PROCYSBI. The company serves healthcare providers, including physicians or their clinics, dialysis centers, hospitals, and pharmacies. It distributes its products through pharmaceutical wholesale distributors. The company has collaboration agreements with AstraZeneca plc for the development and commercialization of TEZSPIRE; BEONE MEDICINES LTD. to develop and commercialize Aimovig; UCB for the development and commercialization of EVENITY; Kyowa Kirin Co., Ltd. for rocatinlimab development and commercialization; and BeiGene, Ltd. for oncology products expansion and development. The company was incorporated in 1980 and is headquartered in Thousand Oaks, California.

Fundamentals
Scroll to Statements
Sector Healthcare Industry Drug Manufacturers - Gen Market Cap 206.39B
Enterprise Value 252.70B Income 7.71B Sales 36.75B
Book/sh 16.07 Cash/sh 16.93 Dividend Yield 252.00%
Payout 66.90% Employees 31500 IPO —
P/E 26.89 Forward P/E 16.46 PEG —
P/S 5.62 P/B 23.83 P/C —
EV/EBITDA 15.21 EV/Sales 6.88 Quick Ratio 0.73
Current Ratio 1.14 Debt/Eq 640.27 LT Debt/Eq —
EPS (ttm) 14.24 EPS next Y 23.26 EPS Growth 112.10%
Revenue Growth 8.60% Earnings 2026-04-30 ROA 7.93%
ROE 106.10% ROIC — Gross Margin 70.78%
Oper. Margin 30.55% Profit Margin 20.98% Shs Outstand 539.07M
Shs Float 537.72M Short Float 2.47% Short Ratio 5.06
Short Interest — 52W High 385.12 52W Low 261.43
Beta 0.47 Avg Volume 2.89M Volume 2.36M
Target Price $350.04 Recom Buy Prev Close $379.42
Price $382.87 Change 0.91%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$350.04
Mean price target
2. Current target
$382.87
Latest analyst target
3. DCF / Fair value
$250.49
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$382.87
Low
$200.00
High
$432.00
Mean
$350.04

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-20 init Barclays — → Equal-Weight $350
2026-02-19 main Wells Fargo Equal-Weight → Equal-Weight $375
2026-02-18 main Piper Sandler Overweight → Overweight $432
2026-02-06 main Argus Research Buy → Buy $400
2026-02-06 main Guggenheim Neutral → Neutral $347
2026-02-04 main Citigroup Neutral → Neutral $345
2026-02-04 main Morgan Stanley Equal-Weight → Equal-Weight $309
2026-02-04 main Cantor Fitzgerald Neutral → Neutral $350
2026-02-04 main Leerink Partners Outperform → Outperform $355
2026-01-26 main UBS Buy → Buy $390
2026-01-20 down Bernstein Outperform → Market Perform $335
2026-01-08 main Truist Securities Hold → Hold $319
2025-12-12 main Morgan Stanley Equal-Weight → Equal-Weight $304
2025-12-10 main Wells Fargo Equal-Weight → Equal-Weight $325
2025-12-03 main BMO Capital Outperform → Outperform $372
2025-11-27 main Leerink Partners Outperform → Outperform $305
2025-11-14 main Piper Sandler Overweight → Overweight $381
2025-11-06 main Cantor Fitzgerald Neutral → Neutral $315
2025-11-05 main Morgan Stanley Equal-Weight → Equal-Weight $329
2025-11-05 main Wells Fargo Overweight → Overweight $300
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 1000 375790 — Sale at price 375.79 per share. BUSCH MATTHEW C. Officer — 2026-02-19 00:00:00 D
1 3139 1058667 — Sale at price 337.26 per share. GRYGIEL NANCY A Officer — 2025-11-20 00:00:00 D
2 3139 532691 — Conversion of Exercise of derivative security at price 162.60 - 177.46 per share. GRYGIEL NANCY A Officer — 2025-11-20 00:00:00 D
3 6879 2317071 — Sale at price 336.83 per share. GORDON MURDO Officer — 2025-11-12 00:00:00 D
4 6799 — — Stock Gift at price 0.00 per share. REESE DAVID M. Chief Technology Officer — 2025-11-12 00:00:00 D
5 890 299256 — Sale at price 336.24 per share. KHOSLA RACHNA Officer — 2025-11-12 00:00:00 D
6 218 — — Stock Award(Grant) at price 0.00 per share. ISHRAK OMAR SYED Director — 2025-11-07 00:00:00 D
7 265 — — Stock Award(Grant) at price 0.00 per share. HOLLEY CHARLES M JR Director — 2025-11-07 00:00:00 D
8 218 — — Stock Award(Grant) at price 0.00 per share. DRAKE MICHAEL V Director — 2025-11-07 00:00:00 D
9 1267 376280 — Sale at price 296.98 per share. GRYGIEL NANCY A Officer — 2025-08-20 00:00:00 D
Financials
Line Item2025-12-312024-12-312023-12-312022-12-31
TaxEffectOfUnusualItems0.000.000.000.00
TaxRateForCalcs0.140.110.140.11
NormalizedEBITDA16.90B13.36B14.80B12.17B
TotalUnusualItems0.000.00-1.50B
TotalUnusualItemsExcludingGoodwill0.000.00-1.50B
NetIncomeFromContinuingOperationNetMinorityInterest7.71B4.09B6.72B6.55B
ReconciledDepreciation5.17B5.59B4.07B3.42B
ReconciledCostOfRevenue12.04B12.86B8.45B6.41B
EBITDA16.90B13.36B14.80B12.17B
EBIT11.73B7.76B10.73B8.75B
NetInterestIncome-2.75B-3.15B-2.88B-1.41B
InterestExpense2.75B3.15B2.88B1.41B
NormalizedIncome7.71B4.09B6.72B6.55B
NetIncomeFromContinuingAndDiscontinuedOperation7.71B4.09B6.72B6.55B
TotalExpenses27.67B26.17B20.29B16.76B
TotalOperatingIncomeAsReported9.08B7.26B7.90B9.57B
DilutedAverageShares542.00M541.00M538.00M541.00M
BasicAverageShares538.00M537.00M535.00M538.00M
DilutedEPS14.237.5612.4912.11
BasicEPS14.337.6212.5612.18
DilutedNIAvailtoComStockholders7.71B4.09B6.72B6.55B
NetIncomeCommonStockholders7.71B4.09B6.72B6.55B
NetIncome7.71B4.09B6.72B6.55B
NetIncomeIncludingNoncontrollingInterests7.71B4.09B6.72B6.55B
NetIncomeContinuousOperations7.71B4.09B6.72B6.55B
TaxProvision1.26B519.00M1.14B794.00M
PretaxIncome8.98B4.61B7.86B7.35B
OtherIncomeExpense2.65B506.00M2.83B-814.00M
OtherNonOperatingIncomeExpenses2.65B506.00M2.83B-814.00M
SpecialIncomeCharges0.000.00-1.50B
OtherSpecialCharges1.50B
NetNonOperatingInterestIncomeExpense-2.75B-3.15B-2.88B-1.41B
InterestExpenseNonOperating2.75B3.15B2.88B1.41B
OperatingIncome9.08B7.26B7.90B9.57B
OperatingExpense15.63B13.31B11.84B10.35B
OtherOperatingExpenses1.31B248.00M879.00M503.00M
ResearchAndDevelopment7.27B5.96B4.78B4.43B
SellingGeneralAndAdministration7.05B7.10B6.18B5.41B
GrossProfit24.71B20.57B19.74B19.92B
CostOfRevenue12.04B12.86B8.45B6.41B
TotalRevenue36.75B33.42B28.19B26.32B
OperatingRevenue35.15B32.03B26.91B24.80B
Line Item2023-12-31
TreasurySharesNumber0.00
OrdinarySharesNumber538.80M537.00M535.40M534.00M
ShareIssued538.80M537.00M535.40M534.00M
NetDebt45.48B48.13B53.67B31.32B
TotalDebt54.60B60.10B64.61B38.95B
TangibleBookValue-32.30B-40.46B-45.04B-27.95B
InvestedCapital63.26B65.98B70.84B42.61B
WorkingCapital3.57B5.93B11.94B6.50B
NetTangibleAssets-32.30B-40.46B-45.04B-27.95B
CommonStockEquity8.66B5.88B6.23B3.66B
TotalCapitalization58.66B62.43B69.40B41.02B
TotalEquityGrossMinorityInterest8.66B5.88B6.23B3.66B
StockholdersEquity8.66B5.88B6.23B3.66B
GainsLossesNotAffectingRetainedEarnings-258.00M-66.00M-289.00M-231.00M
OtherEquityAdjustments-56.00M308.00M9.00M117.00M
ForeignCurrencyTranslationAdjustments-202.00M-374.00M-298.00M-348.00M
UnrealizedGainLoss0.000.000.00
RetainedEarnings-25.11B-27.59B-26.55B-28.62B
CapitalStock34.02B33.53B33.07B32.51B
CommonStock34.02B33.53B33.07B32.51B
TotalLiabilitiesNetMinorityInterest81.93B85.96B90.92B61.46B
TotalNonCurrentLiabilitiesNetMinorityInterest56.44B62.86B72.53B45.77B
OtherNonCurrentLiabilities2.38B2.35B2.33B2.65B
TradeandOtherPayablesNonCurrent2.69B2.35B4.68B5.76B
NonCurrentDeferredLiabilities1.37B1.62B2.35B11.00M
NonCurrentDeferredTaxesLiabilities1.37B1.62B2.35B11.00M
LongTermDebtAndCapitalLeaseObligation50.01B56.55B63.17B37.35B
LongTermDebt50.01B56.55B63.17B37.35B
CurrentLiabilities25.49B23.10B18.39B15.69B
CurrentDebtAndCapitalLeaseObligation4.60B3.55B1.44B1.59B
CurrentDebt4.60B3.55B1.44B1.59B
PensionandOtherPostRetirementBenefitPlansCurrent1.44B1.33B1.38B1.10B
CurrentProvisions548.00M542.00M
PayablesAndAccruedExpenses19.45B18.22B15.57B13.00B
CurrentAccruedExpenses15.35B12.45B11.11B9.09B
InterestPayable867.00M936.00M470.00M
Payables4.10B5.77B4.46B3.90B
DividendsPayable1.36B1.28B1.21B1.14B
TotalTaxPayable379.00M2.58B1.66B1.20B
IncomeTaxPayable379.00M2.58B1.66B1.20B
AccountsPayable2.37B1.91B1.59B1.57B
TotalAssets90.59B91.84B97.15B65.12B
TotalNonCurrentAssets61.53B62.81B66.82B42.94B
OtherNonCurrentAssets12.66B9.93B9.61B5.90B
GoodwillAndOtherIntangibleAssets40.96B46.34B51.27B31.61B
OtherIntangibleAssets22.28B27.70B32.64B16.08B
Goodwill18.68B18.64B18.63B15.53B
NetPPE7.91B6.54B5.94B5.43B
AccumulatedDepreciation-11.12B-10.39B-9.81B-9.28B
GrossPPE19.03B16.93B15.75B14.71B
ConstructionInProgress3.39B2.05B1.55B1.21B
OtherProperties5.22B5.00B4.81B4.68B
MachineryFurnitureEquipment5.14B4.73B4.54B4.32B
BuildingsAndImprovements4.93B4.80B4.51B4.20B
LandAndImprovements348.00M346.00M339.00M292.00M
Properties0.000.000.000.00
CurrentAssets29.06B29.03B30.33B22.19B
OtherCurrentAssets1.19B1.14B281.00M355.00M
PrepaidAssets2.94B2.14B1.65B1.20B
Inventory6.22B7.00B9.52B4.93B
FinishedGoods1.89B2.06B2.78B1.00B
WorkInProcess3.42B4.12B5.75B3.10B
RawMaterials915.00M818.00M993.00M828.00M
Receivables9.57B6.78B7.94B6.39B
DuefromRelatedPartiesCurrent521.00M502.00M700.00M780.00M
TaxesReceivable198.00M172.00M129.00M164.00M
AccountsReceivable9.57B6.78B7.27B5.56B
CashCashEquivalentsAndShortTermInvestments9.13B11.97B10.94B9.30B
OtherShortTermInvestments0.001.68B48.00M
CashAndCashEquivalents9.13B11.97B10.94B7.63B
Line Item2025-12-312024-12-312023-12-312022-12-31
FreeCashFlow8.10B10.39B7.36B8.79B
RepurchaseOfCapitalStock0.00-200.00M0.00-6.36B
RepaymentOfDebt-5.00B-3.60B-1.45B0.00
IssuanceOfDebt0.000.0027.78B6.92B
CapitalExpenditure-1.86B-1.10B-1.11B-936.00M
EndCashPosition9.13B11.97B10.94B7.63B
BeginningCashPosition11.97B10.94B7.63B7.99B
ChangesInCash-2.84B1.03B3.31B-360.00M
FinancingCashFlow-10.86B-9.41B21.05B-4.04B
CashFlowFromContinuingFinancingActivities-10.86B-9.41B21.05B-4.04B
NetOtherFinancingCharges-735.00M-783.00M-719.00M-400.00M
CashDividendsPaid-5.12B-4.83B-4.56B-4.20B
CommonStockDividendPaid-5.12B-4.83B-4.56B-4.20B
NetCommonStockIssuance0.00-200.00M0.00-6.36B
CommonStockPayments0.00-200.00M0.00-6.36B
NetIssuancePaymentsOfDebt-5.00B-3.60B26.32B6.92B
NetLongTermDebtIssuance-5.00B-3.60B26.32B6.92B
LongTermDebtPayments-5.00B-3.60B-1.45B0.00
LongTermDebtIssuance0.000.0027.78B6.92B
InvestingCashFlow-1.94B-1.05B-26.20B-6.04B
CashFlowFromContinuingInvestingActivities-1.94B-1.05B-26.20B-6.04B
NetOtherInvestingChanges-32.00M50.00M224.00M100.00M
NetInvestmentPurchaseAndSale0.000.001.67B-1.37B
SaleOfInvestment0.000.001.67B1.22B
PurchaseOfInvestment0.00-1.00M-2.59B-8.90B
NetBusinessPurchaseAndSale-53.00M0.00-26.99B-3.84B
SaleOfBusiness130.00M0.00
PurchaseOfBusiness-53.00M0.00-26.99B-3.84B
NetPPEPurchaseAndSale-1.86B-1.10B-1.11B-936.00M
PurchaseOfPPE-1.86B-1.10B-1.11B-936.00M
OperatingCashFlow9.96B11.49B8.47B9.72B
CashFlowFromContinuingOperatingActivities9.96B11.49B8.47B9.72B
ChangeInWorkingCapital-1.98B2.37B-484.00M-733.00M
ChangeInOtherWorkingCapital499.00M92.00M953.00M
ChangeInOtherCurrentLiabilities-156.00M-51.00M-222.00M-182.00M
ChangeInOtherCurrentAssets-1.27B-652.00M-564.00M258.00M
ChangeInPayablesAndAccruedExpense736.00M3.00M-127.00M679.00M
ChangeInAccruedExpense2.06B1.19B935.00M943.00M
ChangeInPayable-1.33B-1.19B-1.06B-264.00M
ChangeInAccountPayable428.00M312.00M-402.00M154.00M
ChangeInTaxPayable-1.76B-1.50B-660.00M-418.00M
ChangeInIncomeTaxPayable-1.76B-1.50B-660.00M-418.00M
ChangeInInventory886.00M2.53B491.00M-742.00M
ChangeInReceivables-2.68B441.00M-1.01B-746.00M
ChangesInAccountReceivables-2.68B441.00M-1.01B-746.00M
OtherNonCashItems149.00M-177.00M-277.00M-303.00M
StockBasedCompensation494.00M530.00M431.00M401.00M
AssetImpairmentCharge1.20B159.00M851.00M
DeferredTax-721.00M-1.23B-1.27B-1.20B
DeferredIncomeTax-721.00M-1.23B-1.27B-1.20B
DepreciationAmortizationDepletion5.17B5.59B4.07B3.42B
DepreciationAndAmortization5.17B5.59B4.07B3.42B
Depreciation5.17B5.59B4.07B3.42B
OperatingGainsLosses-2.06B159.00M-1.56B1.58B
EarningsLossesFromEquityInvestments-10.00M11.00M891.00M33.00M
GainLossOnInvestmentSecurities-2.06B159.00M-1.56B127.00M
GainLossOnSaleOfBusiness0.000.00567.00M0.00
NetIncomeFromContinuingOperations7.71B4.09B6.72B6.55B
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for AMGN
Date User Asset Broker Type Position Size Entry Price Patterns