Phathom Pharmaceuticals (PHAT) FCF Margin (2023 - 2026)

Phathom Pharmaceuticals (PHAT) reported FCF Margin of 26.84% for Q1 2026, up 27103.0% year-over-year from N/an in Q1 2025, and down 198.41% quarter-over-quarter from 8.99% in Q4 2025.

Phathom Pharmaceuticals (PHAT) FCF Margin (2023 - 2026) Analysis & Trends

Phathom Pharmaceuticals (PHAT) has 4 years of FCF Margin data on file, last reported at 26.84% in Q1 2026.

  • FCF Margin for Q1 2026 came in at 26.84%, up 27103.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 47.69% (up 29782.0% YoY), and the FY2025 annual result was 95.37%, up 38770.0% from the prior year.
  • FCF Margin eased to 26.84% in Q1 2026 per PHAT's latest filing, from 8.99% in the prior quarter.
  • Over five years, FCF Margin peaked at 8.99% in Q4 2025 and troughed at 6254.55% in Q4 2023.
  • A 4-year average of 1195.5% and a median of 255.9% in 2024 frame the typical range for FCF Margin.
  • The sharpest annual moves came in 2024 and 2025: FCF Margin jumped 604061 bps in 2024, then soared 20494 bps in 2025.
  • A 4-year view of FCF Margin shows it stood at 6254.55% in 2023, then jumped by 97 bps to 213.93% in 2024, then surged by 96 bps to 8.99% in 2025, then plunged by 198 bps to 26.84% in 2026.
  • Business Quant data shows PHAT's FCF Margin at 26.84% in Q1 2026, 8.99% in Q4 2025, and 28.38% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 Alterity Therapeutics 925,601.88 Bn 925,601.85 Bn - -
2 Belite Bio 58,560.00 Bn 58,560.00 Bn - -
3 Quantum Biopharma 17,284.41 Bn 17,284.40 Bn - -
4 Legend Biotech 2,809.00 Bn 2,808.71 Bn 242.10 Mn -3.98%
5 Evaxion A 1,334.43 Bn 1,334.42 Bn - -
6 Akari Therapeutics 1,312.27 Bn 1,312.26 Bn - -
7 Psyence Biomedical 212.16 Bn 212.16 Bn - -
8 Vertex Pharmaceuticals 114.83 Bn 107.58 Bn 2.59 Bn 43.35%
9 Abivax 91.96 Bn 91.96 Bn - -
10 Phathom Pharmaceuticals 895.99 Mn 712.23 Mn 46.31 Mn -26.84%

Historic Data

Download Data
DateValue
Mar 31, 2026 -26.84%
Dec 31, 2025 -8.99%
Sep 30, 2025 -28.38%
Jun 30, 2025 -159.04%
Mar 31, 2025 -297.86%
Dec 31, 2024 -213.93%
Sep 30, 2024 -389.51%
Jun 30, 2024 -965.65%
Mar 31, 2024 -3,610.20%
Dec 31, 2023 -6,254.55%