Zai Lab (ZLAB) FCF Margin (2019 - 2026)
Zai Lab's FCF Margin was -60.87% in Q2 2026, down 30.04 percentage points from -30.83% a year earlier and down 47.72 percentage points from the prior quarter.
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Analysis
Zai Lab (ZLAB) FCF Margin (2019 - 2026) Analysis & Trends
On a trailing twelve-month basis, Zai Lab's FCF Margin was -31.04% through Jun 30, 2026, up 11.89 percentage points year-over-year; for FY2025, it came in at -34.53%, up 20.74 percentage points from FY2024.
- FCF Margin has now increased for seven consecutive years, with a five-year change of +427.47 percentage points (FY2020 to FY2025).
- In earlier years, FCF Margin was -55.27% in FY2024 (+21.73 pp), -77.01% in FY2023 (+105.39 pp), -182.40% in FY2022 (+210.87 pp) and -393.26% in FY2021 (+68.73 pp).
- The Q2 2026 figure marks the lowest quarterly FCF Margin since Q1 2024.
- Compared with a year earlier, FCF Margin was higher in five of the last eight quarters, with an average year-over-year change of +15.93 percentage points.
- The best year-over-year quarter for FCF Margin over five years was Q1 2022 (a gain of 644.21 percentage points); the worst was Q4 2021 (a drop of 33.70 percentage points).
- Per Business Quant data, ZLAB's FCF Margin in the three quarters before Q2 2026 was -13.16% (Q1 2026), -20.92% (Q4 2025) and -30.19% (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 | Zai Lab | 2.88 Bn | 198.00 Mn | 58.15 Mn | -60.87% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -60.87% |
| Mar 31, 2026 | -13.16% |
| Dec 31, 2025 | -20.92% |
| Sep 30, 2025 | -30.19% |
| Jun 30, 2025 | -30.83% |
| Mar 31, 2025 | -59.38% |
| Dec 31, 2024 | -53.52% |
| Sep 30, 2024 | -27.54% |
| Jun 30, 2024 | -42.70% |
| Mar 31, 2024 | -104.51% |
| Dec 31, 2023 | -23.00% |
| Sep 30, 2023 | -82.38% |
| Jun 30, 2023 | -87.74% |
| Mar 31, 2023 | -115.93% |
| Dec 31, 2022 | -181.63% |
| Sep 30, 2022 | -231.16% |
| Jun 30, 2022 | -100.97% |
| Mar 31, 2022 | -207.32% |
| Dec 31, 2021 | -362.51% |
| Sep 30, 2021 | -387.81% |
API Access
Zai Lab 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=ZLAB&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "ZLAB", "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=ZLAB&period=max&api_key=YOUR_API_KEY");
const data = await res.json();