Moderna (MRNA) FCF Margin (2018 - 2026)
Moderna's (MRNA) quarterly FCF Margin came in at 388.28% in Q2 2026, up 26102.0% year-over-year from N/an in Q2 2025, and down 118.26% quarter-over-quarter from 177.89% in Q1 2026.
Analysis
Moderna (MRNA) FCF Margin (2018 - 2026) Analysis & Trends
Moderna (MRNA) has reported FCF Margin for 9 consecutive years, with 388.28% the latest figure, recorded in Q2 2026.
- On a quarterly basis, FCF Margin rose 26102.0% year-over-year to 388.28% in Q2 2026; TTM through Jun 2026 was 55.83%, a 5755.0% increase from a year earlier, with the FY2025 full-year figure at 106.22%, up 1908.0% from the prior year.
- FCF Margin was 388.28% for Q2 2026 at Moderna, down from 177.89% in the prior quarter.
- Over five years, FCF Margin peaked at 131.42% in Q4 2025 and troughed at 1068.52% in Q1 2025.
- A 5-year average of 223.15% and a median of 89.41% in 2024 frame the typical range for FCF Margin.
- Across the five-year window, FCF Margin slumped 63772 bps in 2024 and soared 89063 bps in 2026, its largest moves.
- Over 5 years, FCF Margin stood at 30.88% in 2022, then tumbled by 54 bps to 14.3% in 2023, then surged by 119 bps to 31.37% in 2024, then surged by 319 bps to 131.42% in 2025, then sank by 395 bps to 388.28% in 2026.
- The last three FCF Margin figures came in at 388.28% (Q2 2026), 177.89% (Q1 2026), and 131.42% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amgen | 211.73 Bn | 197.74 Bn | 7.24 Bn | 34.70% |
| 2 | Gilead Sciences | 180.92 Bn | 177.74 Bn | 6.22 Bn | 44.00% |
| 3 | Vertex Pharmaceuticals | 132.16 Bn | 124.30 Bn | 2.84 Bn | 30.39% |
| 4 | Regeneron Pharmaceuticals | 82.89 Bn | 74.90 Bn | 3.93 Bn | 13.35% |
| 5 | Argenx Se | 61.41 Bn | 56.23 Bn | 1.37 Bn | - |
| 6 | Moderna | 53.99 Bn | 48.85 Bn | 52.00 Mn | -388.28% |
| 7 | Alnylam Pharmaceuticals | 34.48 Bn | 31.18 Bn | 992.69 Mn | 22.62% |
| 8 | Biogen | 31.15 Bn | 29.86 Bn | 1.96 Bn | 14.91% |
| 9 | Roivant Sciences | 30.05 Bn | 30.05 Bn | 1.16 Mn | -18,629.40% |
| 10 | Insmed | 27.99 Bn | 26.83 Bn | 358.27 Mn | -22.35% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -388.28% |
| Mar 31, 2026 | -177.89% |
| Dec 31, 2025 | 131.42% |
| Sep 30, 2025 | -86.61% |
| Jun 30, 2025 | -649.30% |
| Mar 31, 2025 | -1,068.52% |
| Dec 31, 2024 | 31.37% |
| Sep 30, 2024 | -92.21% |
| Jun 30, 2024 | -604.15% |
| Mar 31, 2024 | -709.58% |
| Dec 31, 2023 | 14.30% |
| Sep 30, 2023 | -95.03% |
| Jun 30, 2023 | -334.01% |
| Mar 31, 2023 | -71.86% |
| Dec 31, 2022 | 30.88% |
| Sep 30, 2022 | 4.85% |
| Jun 30, 2022 | 4.57% |
| Mar 31, 2022 | 43.37% |
| Dec 31, 2021 | 44.24% |
| Sep 30, 2021 | 63.94% |