Amgen (AMGN) FCF Margin (2009 - 2026)
Amgen (AMGN) posted FCF Margin of 34.7% for Q2 2026, up 102.48% on a QoQ basis from 17.14% in Q1 2026, and up 1388.0% year-over-year from 2.33% in Q2 2025.
Analysis
Amgen (AMGN) FCF Margin (2009 - 2026) Analysis & Trends
Amgen has reported FCF Margin for 18 years, with the latest figure at 34.7% in Q2 2026.
- On a quarterly basis, FCF Margin rose 1388.0% year-over-year to 34.7% in Q2 2026; TTM through Jun 2026 was 26.71%, a 366.0% decrease from a year earlier, with the FY2025 full-year figure at 22.04%, down 906.0% from the prior year.
- FCF Margin was 34.7% for Q2 2026 at Amgen, up from 17.14% 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 53.79%, with a median of 29.06% recorded in 2022.
- The sharpest annual moves came in 2022 and 2023: FCF Margin surged 46623 bps in 2022, then tumbled 49952 bps in 2023.
- Over 5 years, FCF Margin stood at 503.05% in 2022, then plunged by 99 bps to 3.53% in 2023, then jumped by 1273 bps to 48.43% in 2024, then tumbled by 80 bps to 9.74% in 2025, then soared by 256 bps to 34.7% in 2026.
- The last three FCF Margin figures came in at 34.7% (Q2 2026), 17.14% (Q1 2026), and 9.74% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amgen | 236.37 Bn | 222.38 Bn | 7.24 Bn | 34.70% |
| 2 | Gilead Sciences | 187.38 Bn | 184.12 Bn | 6.22 Bn | 44.00% |
| 3 | Vertex Pharmaceuticals | 138.36 Bn | 130.51 Bn | 2.84 Bn | 30.39% |
| 4 | Regeneron Pharmaceuticals | 85.09 Bn | 77.10 Bn | 3.93 Bn | 13.35% |
| 5 | Argenx Se | 63.93 Bn | 58.75 Bn | 1.37 Bn | - |
| 6 | Moderna | 58.07 Bn | 52.94 Bn | 52.00 Mn | -388.28% |
| 7 | Alnylam Pharmaceuticals | 35.59 Bn | 32.28 Bn | 992.69 Mn | 22.62% |
| 8 | Biogen | 32.63 Bn | 31.34 Bn | 1.96 Bn | 14.91% |
| 9 | Insmed | 27.57 Bn | 26.41 Bn | 358.27 Mn | -22.35% |
| 10 | BioNTech SE | 26.24 Bn | 12.58 Bn | 10.00 Mn | 61.65% |
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 | 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% |