Ligand Pharmaceuticals (LGND) FCF Margin (2010 - 2026)
Ligand Pharmaceuticals (LGND) posted FCF Margin of 37.67% for Q2 2026, up 4.95 percentage points from 32.72% a year earlier but down 56.03 percentage points from the prior quarter.
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Analysis
Ligand Pharmaceuticals (LGND) FCF Margin (2010 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, FCF Margin at Ligand Pharmaceuticals was 45.24%, up 15.96 percentage points year-over-year; for FY2025, it was 18.24%, up 5.05 percentage points from FY2024.
- Annual FCF Margin shows a five-year change of -12.40 percentage points (FY2020 to FY2025).
- In prior years, Ligand Pharmaceuticals' FCF Margin was 13.19% in FY2024 (-21.88 pp), 35.07% in FY2023 (-26.04 pp), 61.11% in FY2022 (+32.12 pp) and 29.00% in FY2021 (-1.65 pp).
- Quarterly FCF Margin has run from a low of -148.28% in Q2 2024 to a high of 129.08% in Q1 2022 over five years.
- On a year-over-year basis, FCF Margin has increased in each of the last three quarters, with an average year-over-year change of +32.35 percentage points over the last eight quarters.
- The strongest year-over-year quarter for FCF Margin in the past five years was Q2 2025, with a gain of 181.00 percentage points; the weakest was Q2 2024, with a drop of 147.20 percentage points.
- According to Business Quant data, FCF Margin for the three prior quarters was 93.70% (Q1 2026), 76.94% (Q4 2025) and 11.32% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,130.22 Bn | 1,098.81 Bn | 19.71 Bn | 33.76% |
| 2 | Johnson & Johnson | 613.62 Bn | 532.15 Bn | 17.26 Bn | 28.82% |
| 3 | AbbVie | 501.46 Bn | 474.57 Bn | 12.70 Bn | 18.33% |
| 4 | Merck | 366.84 Bn | 321.22 Bn | 12.21 Bn | 26.96% |
| 5 | Novartis Ag | 297.85 Bn | 261.84 Bn | 11.24 Bn | 38.60% |
| 6 | Astrazeneca | 261.66 Bn | 235.34 Bn | 12.86 Bn | 6.55% |
| 7 | Amgen | 235.39 Bn | 190.79 Bn | 7.24 Bn | 34.70% |
| 8 | Gilead Sciences | 190.66 Bn | 164.86 Bn | 6.22 Bn | 44.00% |
| 9 | Pfizer | 169.57 Bn | 116.22 Bn | 10.94 Bn | 2.01% |
| 10 | Ligand Pharmaceuticals | 6.17 Bn | 2.64 Bn | - | 37.67% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 37.67% |
| Mar 31, 2026 | 93.70% |
| Dec 31, 2025 | 76.94% |
| Sep 30, 2025 | 11.32% |
| Jun 30, 2025 | 32.72% |
| Mar 31, 2025 | -56.60% |
| Dec 31, 2024 | 64.84% |
| Sep 30, 2024 | 69.35% |
| Jun 30, 2024 | -149.51% |
| Mar 31, 2024 | 60.13% |
| Dec 31, 2023 | 27.22% |
| Sep 30, 2023 | 21.78% |
| Jun 30, 2023 | -1.08% |
| Mar 31, 2023 | 71.70% |
| Dec 31, 2022 | 101.90% |
| Sep 30, 2022 | 27.29% |
| Jun 30, 2022 | 10.55% |
| Mar 31, 2022 | 129.08% |
| Dec 31, 2021 | 45.12% |
| Sep 30, 2021 | 30.58% |
API Access
Ligand Pharmaceuticals 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=LGND&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "LGND", "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=LGND&period=max&api_key=YOUR_API_KEY");
const data = await res.json();