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

Phathom Pharmaceuticals' (PHAT) quarterly FCF Margin came in at 26.94% in Q1 2026, up 27086.0% year-on-year from N/an in Q1 2025, and down 151.29% on a QoQ basis from 10.72% 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 26.94% in Q1 2026.

  • On a quarterly basis, FCF Margin rose 27086.0% year-over-year to 26.94% in Q1 2026; TTM through Mar 2026 was 48.21%, a 29708.0% increase from a year earlier, with the FY2025 full-year figure at 95.94%, up 38690.0% from the prior year.
  • FCF Margin for Q1 2026 stood at 26.94%, down from 10.72% in the prior quarter.
  • Over the last five years, FCF Margin for PHAT reached as high as 10.72% in Q4 2025 and fell as low as 6120.38% in Q4 2023.
  • Historically, FCF Margin has averaged 1182.35% across 4 years, with a median of 255.65% in 2024.
  • Across the five-year window, FCF Margin surged 590688 bps in 2024 and surged 20278 bps in 2025, its largest moves.
  • Year by year, FCF Margin stood at 6120.38% in 2023, then jumped by 97 bps to 213.5% in 2024, then jumped by 95 bps to 10.72% in 2025, then tumbled by 151 bps to 26.94% in 2026.
  • Per Business Quant data, the three most recent FCF Margin figures were 26.94% in Q1 2026, 10.72% in Q4 2025, and 28.38% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 Oculis Holding AG 67,072.09 Bn 67,072.09 Bn - -
2 Nanobiotix 1,894.61 Bn 1,894.55 Bn - -
3 Akari Therapeutics 1,014.18 Bn 1,014.18 Bn - -
4 BeOne Medicines 471.64 Bn 466.85 Bn 1.35 Bn 10.45%
5 Vertex Pharmaceuticals 121.72 Bn 114.47 Bn 2.59 Bn 43.35%
6 Regeneron Pharmaceuticals 68.28 Bn 59.52 Bn 3.31 Bn 23.53%
7 Belite Bio 61.40 Bn 61.40 Bn - -
8 Argenx Se 56.94 Bn 56.94 Bn 1.18 Bn -
9 Revolution Medicines 37.37 Bn 37.37 Bn - -
10 Phathom Pharmaceuticals 945.22 Mn 761.46 Mn 46.31 Mn -26.94%

Historic Data

Download Data
DateValue
Mar 31, 2026 -26.94%
Dec 31, 2025 -10.72%
Sep 30, 2025 -28.38%
Jun 30, 2025 -159.09%
Mar 31, 2025 -297.80%
Dec 31, 2024 -213.50%
Sep 30, 2024 -389.51%
Jun 30, 2024 -965.20%
Mar 31, 2024 -3,611.92%
Dec 31, 2023 -6,120.38%