Moderna (MRNA) Enterprise Value (2018 - 2026)
Moderna's (MRNA) quarterly Enterprise Value came in at $22.8 billion in Q2 2026, up 307.1% year-over-year from $5.6 billion in Q2 2025, and up 52.41% quarter-over-quarter from $15.0 billion in Q1 2026.
Analysis
Moderna (MRNA) Enterprise Value (2018 - 2026) Analysis & Trends
Moderna (MRNA) has reported Enterprise Value for 9 consecutive years, with $22.8 billion the latest figure, recorded in Q2 2026.
- On a quarterly basis, Enterprise Value rose 307.1% year-over-year to $22.8 billion in Q2 2026; TTM through Jun 2026 was $22.8 billion, a 307.1% increase from a year earlier, with the FY2025 full-year figure at $5.8 billion, down 35.51% from the prior year.
- Enterprise Value was $22.8 billion for Q2 2026 at Moderna, up from $15.0 billion in the prior quarter.
- Over five years, Enterprise Value peaked at $59.3 billion in Q4 2022 and troughed at $5.0 billion in Q1 2025.
- A 5-year average of $28.3 billion and a median of $30.6 billion in 2023 frame the typical range for Enterprise Value.
- Across the five-year window, Enterprise Value slumped 84.91% in 2025 and soared 307.1% in 2026, its largest moves.
- Over 5 years, Enterprise Value stood at $59.3 billion in 2022, then slumped by 50.4% to $29.4 billion in 2023, then tumbled by 69.29% to $9.0 billion in 2024, then sank by 35.51% to $5.8 billion in 2025, then surged by 291.82% to $22.8 billion in 2026.
- The last three Enterprise Value figures came in at $22.8 billion (Q2 2026), $15.0 billion (Q1 2026), and $5.8 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Amgen | 207.01 Bn | 193.02 Bn | 7.24 Bn |
| 2 | Gilead Sciences | 179.98 Bn | 176.80 Bn | 6.22 Bn |
| 3 | Vertex Pharmaceuticals | 131.45 Bn | 123.60 Bn | 2.84 Bn |
| 4 | Regeneron Pharmaceuticals | 82.02 Bn | 74.03 Bn | 3.93 Bn |
| 5 | Argenx Se | 60.35 Bn | 55.16 Bn | 1.37 Bn |
| 6 | Moderna | 53.69 Bn | 48.55 Bn | 52.00 Mn |
| 7 | Alnylam Pharmaceuticals | 33.11 Bn | 29.80 Bn | 992.69 Mn |
| 8 | Biogen | 31.93 Bn | 30.64 Bn | 1.96 Bn |
| 9 | Roivant Sciences | 29.21 Bn | 29.21 Bn | 1.16 Mn |
| 10 | Insmed | 27.55 Bn | 26.39 Bn | 358.27 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 22.80 Bn |
| Mar 31, 2026 | 14.96 Bn |
| Dec 31, 2025 | 5.82 Bn |
| Sep 30, 2025 | 5.60 Bn |
| Jun 30, 2025 | 5.60 Bn |
| Mar 31, 2025 | 5.00 Bn |
| Dec 31, 2024 | 9.02 Bn |
| Sep 30, 2024 | 18.86 Bn |
| Jun 30, 2024 | 37.11 Bn |
| Mar 31, 2024 | 32.29 Bn |
| Dec 31, 2023 | 29.39 Bn |
| Sep 30, 2023 | 31.78 Bn |
| Jun 30, 2023 | 37.83 Bn |
| Mar 31, 2023 | 50.05 Bn |
| Dec 31, 2022 | 59.25 Bn |
| Sep 30, 2022 | 37.41 Bn |
| Jun 30, 2022 | 48.10 Bn |
| Mar 31, 2022 | 58.79 Bn |
| Dec 31, 2021 | 91.63 Bn |
| Sep 30, 2021 | 146.96 Bn |