Amgen (AMGN) FCF Margin (2009 - 2026)

Amgen (AMGN) recorded quarterly FCF Margin of 17.14% in Q1 2026, up 75.95% quarter-over-quarter from 9.74% in Q4 2025, and up 511.0% on a YoY basis from 2.8% in Q1 2025.

Amgen (AMGN) FCF Margin (2009 - 2026) Analysis & Trends

Amgen's FCF Margin history runs 18 years deep, the most recent figure standing at 17.14% for Q1 2026.

  • In Q1 2026, FCF Margin rose 511.0% year-over-year to 17.14%; the TTM figure through Mar 2026 stood at 23.1% (down 889.0% YoY), while the FY2025 annual figure was 22.04%, down 906.0% from the prior year.
  • FCF Margin was 17.14% for Q1 2026 at Amgen, up from 9.74% in the prior quarter.
  • In the past five years, FCF Margin ranged from a high of 503.05% in Q4 2022 to a low of 3.53% in Q4 2023.
  • Historically, FCF Margin has averaged 54.91% across 5 years, with a median of 26.48% in 2024.
  • The sharpest annual moves came in 2022 and 2023: FCF Margin jumped 46623 bps in 2022, then plunged 49952 bps in 2023.
  • A 5-year view of FCF Margin shows it stood at 503.05% in 2022, then sank by 99 bps to 3.53% in 2023, then soared by 1273 bps to 48.43% in 2024, then plunged by 80 bps to 9.74% in 2025, then soared by 76 bps to 17.14% in 2026.
  • The last three FCF Margin figures came in at 17.14% (Q1 2026), 9.74% (Q4 2025), and 44.45% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 Gsk 93,699,046.73 Bn 93,699,041.77 Bn 7.76 Bn 20.59%
2 Eli Lilly 1,012.06 Bn 1,006.77 Bn 16.22 Bn 15.19%
3 Johnson & Johnson 560.67 Bn 538.62 Bn 15.96 Bn 6.09%
4 AbbVie 402.20 Bn 392.85 Bn 10.78 Bn 23.76%
5 Merck 298.59 Bn 292.94 Bn 12.09 Bn 17.97%
6 Amgen 188.77 Bn 176.74 Bn 5.87 Bn 17.14%
7 Gilead Sciences 160.22 Bn 152.49 Bn 5.52 Bn 34.87%
8 Pfizer 148.19 Bn 135.42 Bn -1.21 Bn 93.16%
9 Bristol Myers Squibb 116.72 Bn 106.26 Bn 8.07 Bn 6.59%
10 Novartis Ag 109.78 Bn 109.09 Bn - -

Historic Data

Download Data
DateValue
Mar 31, 2026 17.14%
Dec 31, 2025 9.74%
Sep 30, 2025 44.45%
Jun 30, 2025 20.82%
Mar 31, 2025 12.03%
Dec 31, 2024 48.43%
Sep 30, 2024 38.97%
Jun 30, 2024 26.48%
Mar 31, 2024 6.16%
Dec 31, 2023 3.53%
Sep 30, 2023 36.39%
Jun 30, 2023 54.94%
Mar 31, 2023 11.79%
Dec 31, 2022 503.05%
Sep 30, 2022 42.36%
Jun 30, 2022 25.54%
Mar 31, 2022 31.64%
Dec 31, 2021 36.82%
Sep 30, 2021 32.45%
Jun 30, 2021 26.75%