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| Date | Value |
|---|---|
| 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 |