Moderna MRNA
NASDAQ MRNA
$135.62 -4.71 (-3.36%)
As of: Sep 9, 2026 · 3:59 PM EDT

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

Historic Data

Download Data
DateValue
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%