Amgen (AMGN) Debt to Equity (2009 - 2026)

Amgen (AMGN) posted quarterly Debt to Equity of $6.24 for Q1 2026, down 32.53% year-over-year from $9.24 in Q1 2025, and down 1.1% on a QoQ basis from $6.31 in Q4 2025.

Amgen (AMGN) Debt to Equity (2009 - 2026) Analysis & Trends

Amgen (AMGN) has reported Debt to Equity for 18 consecutive years, with $6.24 the latest figure, recorded in Q1 2026.

  • In Q1 2026, Debt to Equity fell 32.53% year-over-year to $6.24; the TTM figure through Mar 2026 stood at $6.24 (down 32.53% YoY), while the FY2025 annual figure was $6.31, down 38.33% from the prior year.
  • Debt to Equity came in at $6.24 for Q1 2026 at Amgen, down from $6.31 in the prior quarter.
  • The five-year high for Debt to Equity was $40.23 in Q1 2022, with the low at $5.67 in Q3 2025.
  • Average Debt to Equity over 5 years is $11.3, with a median of $10.23 recorded in 2024.
  • Across the five-year window, Debt to Equity jumped 1048.97% in 2022 and plunged 71.37% in 2023, its largest moves.
  • Year by year, Debt to Equity stood at $10.64 in 2022, then slipped by 2.54% to $10.37 in 2023, then retreated by 1.37% to $10.23 in 2024, then slumped by 38.33% to $6.31 in 2025, then decreased by 1.1% to $6.24 in 2026.
  • According to Business Quant data, Debt to Equity over the past three periods registered $6.24, $6.31, and $5.67 for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt/Equity (Qtr)
1 Eli Lilly 1,066.16 Bn 1,060.88 Bn 16.22 Bn 1.39
2 Johnson & Johnson 611.69 Bn 589.64 Bn 15.96 Bn 0.68
3 AbbVie 444.34 Bn 434.99 Bn 10.78 Bn -9.70
4 Astrazeneca 284.94 Bn 277.05 Bn 12.61 Bn -
5 Merck 224.23 Bn 218.58 Bn 12.09 Bn 1.07
6 Amgen 195.12 Bn 183.08 Bn 5.87 Bn 6.24
7 Gilead Sciences 156.45 Bn 148.73 Bn 5.52 Bn 0.94
8 Pfizer 136.01 Bn 123.24 Bn -1.21 Bn 0.72
9 Novartis Ag 113.45 Bn 113.67 Bn - -
10 Biogen 30.87 Bn 26.59 Bn 1.82 Bn -

Historic Data

Download Data
DateValue
Mar 31, 2026 6.24
Dec 31, 2025 6.31
Sep 30, 2025 5.67
Jun 30, 2025 7.57
Mar 31, 2025 9.24
Dec 31, 2024 10.23
Sep 30, 2024 8.02
Jun 30, 2024 10.57
Mar 31, 2024 12.75
Dec 31, 2023 10.37
Sep 30, 2023 7.90
Jun 30, 2023 9.08
Mar 31, 2023 11.52
Dec 31, 2022 10.64
Sep 30, 2022 10.60
Jun 30, 2022 15.10
Mar 31, 2022 40.23
Dec 31, 2021 4.97
Sep 30, 2021 4.57
Jun 30, 2021 3.98