Phathom Pharmaceuticals (PHAT) FCF Margin (2023 - 2026)
Phathom Pharmaceuticals (PHAT) reported FCF Margin of -2.66% for Q2 2026, up 156.38 percentage points from -159.04% a year earlier and up 24.29 percentage points from the prior quarter.
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Analysis
Phathom Pharmaceuticals (PHAT) FCF Margin (2023 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Phathom Pharmaceuticals' FCF Margin came in at -15.40%, up 225.62 percentage points year-over-year; for FY2025, it was -95.37%, up 387.70 percentage points from FY2024.
- By year, FCF Margin came in at -483.07% in FY2024 (+19929.54 pp) and -20412.61% in FY2023.
- The Q2 2026 figure ranks as the highest quarterly FCF Margin in data going back to Q4 2023.
- Year over year, FCF Margin has now increased in each of the last seven quarters, with an average year-over-year change of +1627.39 percentage points over the last seven quarters.
- Per Business Quant data, the three quarters before Q2 2026 came in at -26.94% (Q1 2026), -8.84% (Q4 2025) and -28.57% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Johnson & Johnson | 655.56 Bn | 574.09 Bn | 17.26 Bn | 28.82% |
| 2 | AbbVie | 470.94 Bn | 444.10 Bn | 12.70 Bn | 18.33% |
| 3 | Merck | 367.14 Bn | 321.57 Bn | 12.21 Bn | 26.96% |
| 4 | Novartis Ag | 280.33 Bn | 236.20 Bn | 11.24 Bn | 43.05% |
| 5 | Astrazeneca | 257.78 Bn | 231.34 Bn | 12.86 Bn | 34.72% |
| 6 | Amgen | 226.04 Bn | 181.44 Bn | 7.24 Bn | 34.70% |
| 7 | Gilead Sciences | 188.89 Bn | 163.01 Bn | 6.22 Bn | 44.00% |
| 8 | Pfizer | 163.75 Bn | 110.70 Bn | 10.94 Bn | 2.01% |
| 9 | Vertex Pharmaceuticals | 133.68 Bn | 105.69 Bn | 2.84 Bn | 30.39% |
| 10 | Phathom Pharmaceuticals | 588.51 Mn | -51.44 Mn | 59.18 Mn | -2.66% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -2.66% |
| Mar 31, 2026 | -26.94% |
| Dec 31, 2025 | -8.84% |
| Sep 30, 2025 | -28.57% |
| Jun 30, 2025 | -159.04% |
| Mar 31, 2025 | -297.86% |
| Dec 31, 2024 | -213.93% |
| Sep 30, 2024 | -389.05% |
| Jun 30, 2024 | -966.23% |
| Mar 31, 2024 | -3,611.92% |
| Dec 31, 2023 | -6,491.50% |
API Access
Phathom Pharmaceuticals 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=PHAT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "PHAT", "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=PHAT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();