Moderna (MRNA) FCF Margin (2018 - 2026)
Moderna (MRNA) posted FCF Margin of -388.28% for Q2 2026, up 261.02 percentage points from -649.30% a year earlier but down 210.38 percentage points from the prior quarter.
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Analysis
Moderna (MRNA) FCF Margin (2018 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, FCF Margin at Moderna was -55.83%, up 57.55 percentage points year-over-year; for FY2025, it came in at -106.22%, up 19.08 percentage points from FY2024.
- Annual FCF Margin shows a five-year change of -350.18 percentage points (FY2020 to FY2025).
- In prior years, Moderna's FCF Margin was -125.31% in FY2024 (-69.45 pp), -55.86% in FY2023 (-79.64 pp), 23.78% in FY2022 (-48.42 pp) and 72.20% in FY2021 (-171.76 pp).
- Quarterly FCF Margin has run from a low of -1068.52% in Q1 2025 to a high of 131.42% in Q4 2025 over five years.
- On a year-over-year basis, FCF Margin has increased in each of the last four quarters, with an average year-over-year change of +109.14 percentage points over the last eight quarters.
- The strongest year-over-year quarter for FCF Margin in the past five years was Q1 2026, with a gain of 890.63 percentage points; the weakest was Q1 2024, with a drop of 637.72 percentage points.
- According to Business Quant data, FCF Margin for the three prior quarters was -177.89% (Q1 2026), 131.42% (Q4 2025) and -86.61% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,122.91 Bn | 1,091.50 Bn | 19.71 Bn | 33.76% |
| 2 | Johnson & Johnson | 615.09 Bn | 533.62 Bn | 17.26 Bn | 28.82% |
| 3 | AbbVie | 504.75 Bn | 477.86 Bn | 12.70 Bn | 18.33% |
| 4 | Merck | 360.18 Bn | 314.55 Bn | 12.21 Bn | 26.96% |
| 5 | Novartis Ag | 292.05 Bn | 256.04 Bn | 11.24 Bn | 38.60% |
| 6 | Astrazeneca | 256.09 Bn | 229.78 Bn | 12.86 Bn | 6.55% |
| 7 | Amgen | 233.63 Bn | 189.02 Bn | 7.24 Bn | 34.70% |
| 8 | Gilead Sciences | 194.49 Bn | 168.69 Bn | 6.22 Bn | 44.00% |
| 9 | Pfizer | 168.35 Bn | 114.99 Bn | 10.94 Bn | 2.01% |
| 10 | Moderna | 85.93 Bn | 65.29 Bn | 52.00 Mn | -388.28% |
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% |
API Access
Moderna 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=MRNA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "MRNA", "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=MRNA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();