Ligand Pharmaceuticals (LGND) Net Margin (2010 - 2026)
Ligand Pharmaceuticals (LGND) posted Net Margin of 76.16% for Q2 2026, up 65.98 percentage points from 10.18% a year earlier and up 101.96 percentage points from the prior quarter.
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Analysis
Ligand Pharmaceuticals (LGND) Net Margin (2010 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Net Margin at Ligand Pharmaceuticals was 67.88%, up 108.32 percentage points year-over-year; for FY2025, it was 46.42%, up 48.84 percentage points from FY2024.
- Annual Net Margin shows a five-year change of +48.25 percentage points (FY2020 to FY2025).
- In prior years, Ligand Pharmaceuticals' Net Margin was -2.41% in FY2024 (-42.13 pp), 39.72% in FY2023 (+56.72 pp), -17.00% in FY2022 (-40.65 pp) and 23.66% in FY2021 (+25.48 pp).
- Quarterly Net Margin has run from a low of -124.99% in Q2 2024 to a high of 278.07% in Q1 2024 over five years.
- On a year-over-year basis, Net Margin has increased in each of the last five quarters, with an average year-over-year change of +5.06 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Net Margin in the past five years was Q1 2024, with a gain of 182.68 percentage points; the weakest was Q1 2025, with a drop of 371.71 percentage points.
- According to Business Quant data, Net Margin for the three prior quarters was -25.80% (Q1 2026), 75.06% (Q4 2025) and 101.57% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,130.22 Bn | 1,098.81 Bn | 19.71 Bn | 30.88% |
| 2 | Johnson & Johnson | 613.62 Bn | 532.15 Bn | 17.26 Bn | 21.86% |
| 3 | AbbVie | 501.46 Bn | 474.57 Bn | 12.70 Bn | 21.27% |
| 4 | Merck | 366.84 Bn | 321.22 Bn | 12.21 Bn | -8.04% |
| 5 | Novartis Ag | 297.85 Bn | 261.84 Bn | 11.24 Bn | 22.65% |
| 6 | Astrazeneca | 261.66 Bn | 235.34 Bn | 12.86 Bn | 16.30% |
| 7 | Amgen | 235.39 Bn | 190.79 Bn | 7.24 Bn | 23.62% |
| 8 | Gilead Sciences | 190.66 Bn | 164.86 Bn | 6.22 Bn | -134.51% |
| 9 | Pfizer | 169.57 Bn | 116.22 Bn | 10.94 Bn | -1.65% |
| 10 | Ligand Pharmaceuticals | 6.17 Bn | 2.64 Bn | - | 76.16% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 76.16% |
| Mar 31, 2026 | -25.80% |
| Dec 31, 2025 | 75.06% |
| Sep 30, 2025 | 101.57% |
| Jun 30, 2025 | 10.18% |
| Mar 31, 2025 | -93.64% |
| Dec 31, 2024 | -72.62% |
| Sep 30, 2024 | -13.84% |
| Jun 30, 2024 | -124.99% |
| Mar 31, 2024 | 278.07% |
| Dec 31, 2023 | 64.72% |
| Sep 30, 2023 | -31.26% |
| Jun 30, 2023 | 8.69% |
| Mar 31, 2023 | 95.38% |
| Dec 31, 2022 | -34.70% |
| Sep 30, 2022 | 0.68% |
| Jun 30, 2022 | -1.79% |
| Mar 31, 2022 | -42.13% |
| Dec 31, 2021 | -9.60% |
| Sep 30, 2021 | 22.99% |
API Access
Ligand Pharmaceuticals Net 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=net-margin&ticker=LGND&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=LGND&period=max&api_key=YOUR_API_KEY");
const data = await res.json();