Heron Therapeutics (HRTX) Enterprise Value (2011 - 2026)
Heron Therapeutics' Enterprise Value came in at $38.97 million for Q2 2026, down 85.9% from $276.68 million a year earlier and down 63.5% from the prior quarter.
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Analysis
Heron Therapeutics (HRTX) Enterprise Value (2011 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Heron Therapeutics reported Enterprise Value of -$107.93 million; for FY2025, it came in at $198.18 million, up 14.2% from FY2024.
- Enterprise Value carries a five-year compound annual growth rate of -35.1% (FY2020 to FY2025).
- Going back by year, Enterprise Value was $173.47 million in FY2024 (-0.9%), $175.08 million in FY2023 (-17.8%), $213.04 million in FY2022 (-72.5%) and $773.73 million in FY2021 (-55.1%).
- The Q2 2026 figure represents the lowest quarterly Enterprise Value since Q4 2011.
- Year-over-year, Enterprise Value increased in two of the last eight quarters, with an average decline of 2.1%.
- The fastest year-over-year change in Enterprise Value over five years came in Q2 2024 (growth of 256.4%), and the weakest in Q2 2026 (a decline of 85.9%).
- Business Quant data shows HRTX's Enterprise Value at $106.64 million (Q1 2026), $198.18 million (Q4 2025) and $175.55 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Johnson & Johnson | 638.12 Bn | 556.64 Bn | 17.26 Bn |
| 2 | AbbVie | 462.60 Bn | 435.75 Bn | 12.70 Bn |
| 3 | Merck | 358.70 Bn | 313.13 Bn | 12.21 Bn |
| 4 | Novartis Ag | 272.16 Bn | 228.03 Bn | 11.24 Bn |
| 5 | Astrazeneca | 250.36 Bn | 223.92 Bn | 12.86 Bn |
| 6 | Amgen | 227.87 Bn | 183.27 Bn | 7.24 Bn |
| 7 | Gilead Sciences | 184.97 Bn | 159.08 Bn | 6.22 Bn |
| 8 | Pfizer | 162.61 Bn | 109.56 Bn | 10.94 Bn |
| 9 | Vertex Pharmaceuticals | 132.45 Bn | 104.46 Bn | 2.84 Bn |
| 10 | Heron Therapeutics | 58.85 Mn | -130.71 Mn | 26.09 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 38.97 Mn |
| Mar 31, 2026 | 106.64 Mn |
| Dec 31, 2025 | 198.18 Mn |
| Sep 30, 2025 | 175.55 Mn |
| Jun 30, 2025 | 276.68 Mn |
| Mar 31, 2025 | 284.96 Mn |
| Dec 31, 2024 | 173.47 Mn |
| Sep 30, 2024 | 231.78 Mn |
| Jun 30, 2024 | 463.49 Mn |
| Mar 31, 2024 | 345.79 Mn |
| Dec 31, 2023 | 175.08 Mn |
| Sep 30, 2023 | 77.16 Mn |
| Jun 30, 2023 | 130.04 Mn |
| Mar 31, 2023 | 120.75 Mn |
| Dec 31, 2022 | 213.04 Mn |
| Sep 30, 2022 | 379.96 Mn |
| Jun 30, 2022 | 202.81 Mn |
| Mar 31, 2022 | 474.27 Mn |
| Dec 31, 2021 | 773.73 Mn |
| Sep 30, 2021 | 886.87 Mn |
API Access
Heron Therapeutics Enterprise Value 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=enterprise-value&ticker=HRTX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "enterprise-value", "ticker": "HRTX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=enterprise-value&ticker=HRTX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();