Biogen (BIIB) Free Cash Flow (2009 - 2026)
Biogen (BIIB) posted Free Cash Flow of $408.0 million for Q2 2026, down 31.35% on a QoQ basis from $594.3 million in Q1 2026, and up 203.8% year-over-year from $134.3 million in Q2 2025.
Analysis
Biogen (BIIB) Free Cash Flow (2009 - 2026) Analysis & Trends
Biogen has reported Free Cash Flow for 18 years, with the latest figure at $408.0 million in Q2 2026.
- On a quarterly basis, Free Cash Flow rose 203.8% year-over-year to $408.0 million in Q2 2026; TTM through Jun 2026 was $2.7 billion, a 36.28% increase from a year earlier, with the FY2025 full-year figure at $2.1 billion, down 24.65% from the prior year.
- Free Cash Flow was $408.0 million for Q2 2026 at Biogen, down from $594.3 million in the prior quarter.
- The five-year high for Free Cash Flow was $1.2 billion in Q3 2025, with the low at -$261.4 million in Q4 2022.
- Average Free Cash Flow over 5 years is $455.0 million, with a median of $487.6 million recorded in 2024.
- The sharpest annual moves came in 2022 and 2024: Free Cash Flow slumped 133.23% in 2022, then surged 1469.26% in 2024.
- Over 5 years, Free Cash Flow stood at -$261.4 million in 2022, then surged by 79.84% to -$52.7 million in 2023, then soared by 1469.26% to $721.6 million in 2024, then sank by 35.14% to $468.0 million in 2025, then decreased by 12.82% to $408.0 million in 2026.
- The last three Free Cash Flow figures came in at $408.0 million (Q2 2026), $594.3 million (Q1 2026), and $468.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Amgen | 203.97 Bn | 189.99 Bn | 7.24 Bn | 3.49 Bn |
| 2 | Gilead Sciences | 178.74 Bn | 175.56 Bn | 6.22 Bn | 3.43 Bn |
| 3 | Vertex Pharmaceuticals | 130.73 Bn | 122.88 Bn | 2.84 Bn | 1.01 Bn |
| 4 | Regeneron Pharmaceuticals | 80.42 Bn | 72.42 Bn | 3.93 Bn | 572.80 Mn |
| 5 | Argenx Se | 60.40 Bn | 55.21 Bn | 1.37 Bn | - |
| 6 | Moderna | 57.65 Bn | 52.52 Bn | 52.00 Mn | -563.00 Mn |
| 7 | Alnylam Pharmaceuticals | 33.37 Bn | 30.07 Bn | 992.69 Mn | 292.04 Mn |
| 8 | Biogen | 32.15 Bn | 30.86 Bn | 1.96 Bn | 408.00 Mn |
| 9 | Roivant Sciences | 29.58 Bn | 29.58 Bn | 1.16 Mn | -268.64 Mn |
| 10 | Insmed | 28.06 Bn | 26.90 Bn | 358.27 Mn | -95.09 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 408.00 Mn |
| Mar 31, 2026 | 594.30 Mn |
| Dec 31, 2025 | 468.00 Mn |
| Sep 30, 2025 | 1.23 Bn |
| Jun 30, 2025 | 134.30 Mn |
| Mar 31, 2025 | 222.20 Mn |
| Dec 31, 2024 | 721.60 Mn |
| Sep 30, 2024 | 900.60 Mn |
| Jun 30, 2024 | 592.30 Mn |
| Mar 31, 2024 | 507.30 Mn |
| Dec 31, 2023 | -52.70 Mn |
| Sep 30, 2023 | 518.20 Mn |
| Jun 30, 2023 | 416.00 Mn |
| Mar 31, 2023 | 388.70 Mn |
| Dec 31, 2022 | -261.40 Mn |
| Sep 30, 2022 | 601.90 Mn |
| Jun 30, 2022 | 699.60 Mn |
| Mar 31, 2022 | 103.90 Mn |
| Dec 31, 2021 | 786.70 Mn |
| Sep 30, 2021 | 763.30 Mn |