Amgen (AMGN) FCF Margin (2009 - 2026)
Amgen's FCF Margin was 34.70% in Q2 2026, up 13.88 percentage points from 20.82% a year earlier and up 17.56 percentage points from the prior quarter.
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Analysis
Amgen (AMGN) FCF Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Amgen's FCF Margin was 26.71% through Jun 30, 2026, down 3.66 percentage points year-over-year; for FY2025, it was 22.04%, down 9.06 percentage points from FY2024.
- FCF Margin shows a five-year change of -16.86 percentage points (FY2020 to FY2025).
- In earlier years, FCF Margin was 31.10% in FY2024 (+4.99 pp), 26.11% in FY2023 (-7.27 pp), 33.37% in FY2022 (+1.11 pp) and 32.26% in FY2021 (-6.64 pp).
- Quarterly FCF Margin has moved between 3.53% (Q4 2023) and 54.94% (Q2 2023) over five years.
- Compared with a year earlier, FCF Margin was higher in six of the last eight quarters, with an average year-over-year change of +4.18 percentage points.
- The best year-over-year quarter for FCF Margin over five years was Q4 2024 (a gain of 44.90 percentage points); the worst was Q4 2025 (a drop of 38.69 percentage points).
- Per Business Quant data, AMGN's FCF Margin in the three quarters before Q2 2026 was 17.14% (Q1 2026), 9.74% (Q4 2025) and 44.45% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Johnson & Johnson | 645.01 Bn | 563.54 Bn | 17.26 Bn | 28.82% |
| 2 | AbbVie | 465.23 Bn | 438.39 Bn | 12.70 Bn | 18.33% |
| 3 | Merck | 368.40 Bn | 322.83 Bn | 12.21 Bn | 26.96% |
| 4 | Novartis Ag | 278.02 Bn | 233.89 Bn | 11.24 Bn | 43.05% |
| 5 | Astrazeneca | 254.57 Bn | 228.13 Bn | 12.86 Bn | 34.72% |
| 6 | Amgen | 229.02 Bn | 184.42 Bn | 7.24 Bn | 34.70% |
| 7 | Gilead Sciences | 187.74 Bn | 161.85 Bn | 6.22 Bn | 44.00% |
| 8 | Pfizer | 163.75 Bn | 110.70 Bn | 10.94 Bn | 2.01% |
| 9 | Vertex Pharmaceuticals | 133.45 Bn | 105.45 Bn | 2.84 Bn | 30.39% |
| 10 | Bristol Myers Squibb | 128.45 Bn | 79.72 Bn | 9.25 Bn | 23.80% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 34.70% |
| 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 | 33.76% |
| 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% |
API Access
Amgen FCF Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-margin&ticker=AMGN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "AMGN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=AMGN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();