Moderna reported a gross margin of 35.86% and a net margin of -539.31% for the quarter ended Jun 2026. These financial ratios cover 35 quarters of results from Dec 2017 through Jun 2026, standardized by Business Quant from the company’s SEC filings.
| Ratios | Dec2017 | Mar2018 | Jun2018 | Sep2018 | Dec2018 | Mar2019 | Jun2019 | Sep2019 | Dec2019 | Mar2020 | Jun2020 | Sep2020 | Dec2020 | Mar2021 | Jun2021 | Sep2021 | Dec2021 | Mar2022 | Jun2022 | Sep2022 | Dec2022 | Mar2023 | Jun2023 | Sep2023 | Dec2023 | Mar2024 | Jun2024 | Sep2024 | Dec2024 | Mar2025 | Jun2025 | Sep2025 | Dec2025 | Mar2026 | Jun2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | |||||||||||||||||||||||||||||||||||
| Gross Margin | 85.47% | 86.80% | 83.23% | 70.92% | 67.30% | 92.13% | 57.47% | -112.50% | -22.39% | 66.95% | 42.51% | 52.28% | 72.40% | 23.50% | 16.67% | 16.20% | 79.63% | 33.33% | -145.50% | 35.86% | |||||||||||||||
| EBT Margin | 71.48% | 75.02% | 69.72% | 52.10% | 36.18% | 32.55% | -16.38% | -508.43% | -106.94% | 2.49% | -697.60% | -530.71% | 1.13% | -122.57% | -892.59% | -576.06% | -18.41% | -117.85% | -342.93% | -528.97% | |||||||||||||||
| EBIT Margin | 71.60% | 75.02% | 69.68% | 51.53% | 34.66% | 31.08% | -19.66% | -542.73% | -109.89% | 0.21% | -758.08% | -565.56% | -3.76% | -128.99% | -972.22% | -638.73% | -25.59% | -126.40% | -356.81% | -562.07% | |||||||||||||||
| EBITDA Margin | 71.60% | 75.02% | 69.68% | 51.53% | 34.66% | 31.08% | -19.66% | -542.73% | -109.89% | 0.21% | -758.08% | -565.56% | -3.76% | -128.99% | -972.22% | -638.73% | -25.59% | -126.40% | -356.81% | -562.07% | |||||||||||||||
| Operating Margin | 71.60% | 75.02% | 69.68% | 51.53% | 34.66% | 31.08% | -19.66% | -542.73% | -109.89% | 0.21% | -758.08% | -565.56% | -3.76% | -128.99% | -972.22% | -638.73% | -25.59% | -126.40% | -356.81% | -562.07% | |||||||||||||||
| Net Margin | 67.08% | 67.51% | 60.29% | 46.26% | 31.00% | 28.82% | 4.24% | -401.16% | -198.25% | 7.72% | -703.59% | -530.71% | 0.70% | -115.94% | -899.07% | -580.99% | -19.69% | -121.83% | -345.24% | -539.31% | |||||||||||||||
| FCF Margin | 63.94% | 44.24% | 43.37% | 4.57% | 4.85% | 30.88% | -71.86% | -334.01% | -95.03% | 14.30% | -709.58% | -604.15% | -92.21% | 31.37% | -1,068.52% | -649.30% | -86.61% | 131.42% | -177.89% | -388.28% | |||||||||||||||
| Efficiency | |||||||||||||||||||||||||||||||||||
| Inventory AverageInventory Avg. | 0.80B | 1.20B | 1.69B | 1.93B | 2.00B | 1.51B | 0.84B | 0.72B | 0.60B | 0.34B | 0.25B | 0.35B | 0.41B | 0.26B | 0.12B | 0.18B | 0.29B | 0.24B | 0.15B | 0.21B | |||||||||||||||
| Assets AverageAssets Avg. | 18.54B | 22.80B | 26.14B | 26.83B | 26.05B | 25.96B | 24.99B | 23.00B | 20.67B | 18.94B | 17.58B | 16.20B | 15.74B | 14.97B | 13.42B | 12.36B | 12.07B | 12.24B | 11.91B | 11.22B | |||||||||||||||
| Invested CapitalInvested Cap. | 10.90B | 9.24B | 8.00B | 7.35B | |||||||||||||||||||||||||||||||
| Asset Utilization RatioAsset Util. | 0.64 | 0.81 | 0.86 | 0.86 | 0.82 | 0.74 | 0.60 | 0.46 | 0.44 | 0.36 | 0.29 | 0.31 | 0.32 | 0.22 | 0.24 | 0.25 | 0.18 | 0.16 | 0.19 | 0.20 | |||||||||||||||
| Leverage & Solvency | |||||||||||||||||||||||||||||||||||
| Debt Ratio | 0.05 | 0.05 | 0.05 | ||||||||||||||||||||||||||||||||
| Valuation | |||||||||||||||||||||||||||||||||||
| Price to EarningsP/E | 46.77 | 21.03 | 18.84 | 25.49 | 43.88 | 47.20 | 746.52 | -33.54 | -10.84 | 175.07 | -34.73 | -35.65 | 0.00B | -14.33 | -11.30 | -13.01 | -50.50 | -14.07 | -15.02 | -35.73 | |||||||||||||||
| Price to SalesP/S | 31.37 | 14.19 | 11.36 | 11.79 | 13.60 | 13.60 | 31.67 | 134.57 | 21.49 | 13.51 | 244.39 | 189.21 | 13.82 | 16.61 | 101.59 | 75.58 | 9.94 | 17.14 | 51.84 | 192.70 | |||||||||||||||
| Price to BookP/B | 15.40 | 7.24 | 4.04 | 3.11 | 2.54 | 3.62 | 3.13 | 2.73 | 2.92 | 2.74 | 3.18 | 3.89 | 2.16 | 1.47 | 1.09 | 1.14 | 1.08 | 1.34 | 2.72 | 4.13 | |||||||||||||||
| Enterprise Value | 146.96B | 91.63B | 58.79B | 48.10B | 37.41B | 59.25B | 50.05B | 37.83B | 31.78B | 29.39B | 32.29B | 37.11B | 18.86B | 9.02B | 5.00B | 5.60B | 5.60B | 5.82B | 14.96B | 22.80B | |||||||||||||||
| EV to EBIT | 41.30 | 16.94 | 13.91 | 19.66 | 32.09 | 37.50 | -136.75 | -20.26 | -15.80 | 0.00B | -25.51 | -27.23 | -269.47 | -7.24 | -4.76 | -6.18 | -21.52 | -6.79 | -10.78 | -27.98 | |||||||||||||||
| EV to EBITDA | 41.30 | 16.94 | 13.91 | 19.66 | 32.09 | 37.50 | -136.75 | -20.26 | -15.80 | 0.00B | -25.51 | -27.23 | -269.47 | -7.24 | -4.76 | -6.18 | -21.52 | -6.79 | -10.78 | -27.98 | |||||||||||||||
| Market Capitalization | 155.87B | 102.35B | 68.90B | 56.00B | 45.76B | 69.15B | 58.97B | 46.29B | 39.35B | 37.99B | 40.81B | 45.60B | 25.73B | 16.05B | 10.97B | 10.73B | 10.10B | 11.62B | 20.17B | 27.94B | |||||||||||||||
| Price to FCFP/FCF | 49.06 | 32.09 | 26.19 | 258.05 | 280.75 | 44.05 | -44.08 | -40.29 | -22.62 | 94.50 | -34.44 | -31.32 | -14.99 | 52.97 | -9.51 | -11.64 | -11.48 | 13.04 | -29.14 | -49.63 | |||||||||||||||
| EV to FCF | 46.26 | 28.72 | 22.34 | 221.66 | 229.54 | 37.74 | -37.41 | -32.93 | -18.26 | 73.10 | -27.25 | -25.49 | -10.99 | 29.79 | -4.33 | -6.08 | -6.36 | 6.53 | -21.62 | -40.50 | |||||||||||||||
| EV to CFO | 44.86 | 27.68 | 21.28 | 158.22 | 148.47 | 35.65 | -40.86 | -41.35 | -19.86 | 47.24 | -32.65 | -29.13 | -12.05 | 10.94 | -4.82 | -6.10 | -6.61 | 6.26 | -23.75 | -43.35 | |||||||||||||||
| Return Ratios | |||||||||||||||||||||||||||||||||||
| Return on Sales [ROS]ROS | 71.60% | 75.02% | 69.68% | 51.53% | 34.66% | 31.08% | -19.66% | -542.73% | -109.89% | 0.21% | -758.08% | -565.56% | -3.76% | -128.99% | -972.22% | -638.73% | -25.59% | -126.40% | -356.81% | -562.07% | |||||||||||||||
| Return on Capital Employed [ROCE]ROCE | 88.70% | 97.28% | 96.19% | 78.16% | 68.86% | 44.78% | 22.46% | 2.58% | -16.37% | -26.62% | -33.81% | -33.49% | -19.89% | -30.90% | -31.55% | -30.35% | -33.33% | -29.99% | -35.85% | -38.20% | |||||||||||||||
| Return on Invested Capital [ROIC]ROIC | -40.29% | -44.15% | |||||||||||||||||||||||||||||||||
| Return on Assets [ROA]ROA | 38.09% | 53.53% | 56.00% | 52.39% | 45.16% | 32.21% | 19.14% | 5.25% | -16.77% | -24.89% | -33.95% | -36.21% | -14.13% | -23.78% | -25.01% | -23.49% | -25.81% | -23.06% | -26.81% | -28.07% |