Amgen (AMGN) FCF Margin (2009 - 2026)

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

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

Amgen (AMGN) has reported FCF Margin for 18 consecutive years, with 17.14% the latest figure, recorded in 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 came in at 17.14% for Q1 2026 at Amgen, up from 9.74% in the prior quarter.
  • The five-year high for FCF Margin was 503.05% in Q4 2022, with the low at 3.53% in Q4 2023.
  • Average FCF Margin over 5 years is 54.91%, with a median of 26.48% recorded in 2024.
  • Across the five-year window, FCF Margin jumped 46623 bps in 2022 and sank 49952 bps in 2023, its largest moves.
  • Year by year, FCF Margin stood at 503.05% in 2022, then slumped by 99 bps to 3.53% in 2023, then soared by 1273 bps to 48.43% in 2024, then sank by 80 bps to 9.74% in 2025, then soared by 76 bps to 17.14% in 2026.
  • According to Business Quant data, FCF Margin over the past three periods registered 17.14%, 9.74%, and 44.45% for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 Eli Lilly 1,066.16 Bn 1,060.88 Bn 16.22 Bn 15.19%
2 Johnson & Johnson 611.69 Bn 589.64 Bn 15.96 Bn 6.09%
3 AbbVie 444.34 Bn 434.99 Bn 10.78 Bn 23.76%
4 Astrazeneca 284.94 Bn 277.05 Bn 12.61 Bn 3.80%
5 Merck 224.23 Bn 218.58 Bn 12.09 Bn 17.97%
6 Amgen 195.12 Bn 183.08 Bn 5.87 Bn 17.14%
7 Gilead Sciences 156.45 Bn 148.73 Bn 5.52 Bn 34.87%
8 Pfizer 136.01 Bn 123.24 Bn -1.21 Bn 93.16%
9 Novartis Ag 113.45 Bn 113.67 Bn - -
10 Biogen 30.87 Bn 26.59 Bn 1.82 Bn 23.98%

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%