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 | Eli Lilly | 1,261.99 Bn | 1,235.61 Bn | 20.46 Bn | 33.69% |
| 2 | Johnson & Johnson | 678.93 Bn | 598.79 Bn | 17.30 Bn | 25.03% |
| 3 | AbbVie | 518.29 Bn | 486.30 Bn | 13.12 Bn | 41.97% |
| 4 | Merck | 365.98 Bn | 328.92 Bn | 13.19 Bn | 30.51% |
| 5 | Novartis Ag | 316.85 Bn | 290.09 Bn | - | - |
| 6 | Astrazeneca | 293.40 Bn | 267.29 Bn | 13.26 Bn | 52.85% |
| 7 | Amgen | 251.78 Bn | 203.43 Bn | 7.58 Bn | 35.25% |
| 8 | Gilead Sciences | 210.61 Bn | 185.71 Bn | 6.73 Bn | 57.81% |
| 9 | Pfizer | 166.87 Bn | 114.23 Bn | 12.56 Bn | 28.96% |
| 10 | Vertex Pharmaceuticals | 139.96 Bn | 111.95 Bn | 2.91 Bn | 15.86% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 35.25% |
| 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% |
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();