Stock Analysis on Net

Biogen Inc. (NASDAQ:BIIB)

This company has been moved to the archive! The financial data has not been updated since October 25, 2022.

Analysis of Profitability Ratios

Microsoft Excel

Profitability Ratios (Summary)

Biogen Inc., profitability ratios

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Return on Sales
Gross profit margin 80.79% 86.57% 86.40% 86.50% 86.72%
Operating profit margin 25.87% 33.84% 48.98% 43.77% 43.54%
Net profit margin 14.17% 29.76% 40.96% 32.93% 20.69%
Return on Investment
Return on equity (ROE) 14.28% 37.39% 44.13% 33.98% 20.13%
Return on assets (ROA) 6.52% 16.25% 21.62% 17.52% 10.73%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

Profitability ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. Biogen Inc. gross profit margin ratio improved from 2019 to 2020 but then deteriorated significantly from 2020 to 2021.
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Biogen Inc. operating profit margin ratio deteriorated from 2019 to 2020 and from 2020 to 2021.
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Biogen Inc. net profit margin ratio deteriorated from 2019 to 2020 and from 2020 to 2021.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. Biogen Inc. ROE deteriorated from 2019 to 2020 and from 2020 to 2021.
ROA A profitability ratio calculated as net income divided by total assets. Biogen Inc. ROA deteriorated from 2019 to 2020 and from 2020 to 2021.

Gross Profit Margin

Biogen Inc., gross profit margin calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in thousands)
Gross profit 8,872,000 11,639,400 12,422,500 11,636,600 10,643,900
Revenue 10,981,700 13,444,600 14,377,900 13,452,900 12,273,900
Profitability Ratio
Gross profit margin1 80.79% 86.57% 86.40% 86.50% 86.72%
Benchmarks
Gross Profit Margin, Competitors2
AbbVie Inc. 68.96% 66.41% 77.64%
Amgen Inc. 73.44% 74.59% 80.38%
Bristol-Myers Squibb Co. 78.57% 72.31% 69.10%
Danaher Corp. 60.95% 55.98% 55.74%
Eli Lilly & Co. 74.18% 77.66% 78.85%
Gilead Sciences Inc. 75.56% 81.23% 78.86%
Johnson & Johnson 68.16% 65.58% 66.42%
Merck & Co. Inc. 72.02% 67.74% 69.87%
Moderna Inc. 85.19% 96.03%
Pfizer Inc. 62.08% 79.26% 80.25%
Regeneron Pharmaceuticals Inc. 84.83% 86.82% 90.05%
Thermo Fisher Scientific Inc. 50.08% 49.67% 44.35%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Gross profit margin = 100 × Gross profit ÷ Revenue
= 100 × 8,872,000 ÷ 10,981,700 = 80.79%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. Biogen Inc. gross profit margin ratio improved from 2019 to 2020 but then deteriorated significantly from 2020 to 2021.

Operating Profit Margin

Biogen Inc., operating profit margin calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in thousands)
Income from operations 2,840,700 4,550,100 7,042,600 5,888,600 5,344,200
Revenue 10,981,700 13,444,600 14,377,900 13,452,900 12,273,900
Profitability Ratio
Operating profit margin1 25.87% 33.84% 48.98% 43.77% 43.54%
Benchmarks
Operating Profit Margin, Competitors2
AbbVie Inc. 31.89% 24.81% 39.03%
Amgen Inc. 31.44% 37.70% 43.57%
Bristol-Myers Squibb Co. 15.91% -21.60% 22.62%
Danaher Corp. 25.35% 18.99% 18.25%
Eli Lilly & Co. 22.45% 24.69% 22.29%
Gilead Sciences Inc. 36.72% 16.72% 19.38%
Johnson & Johnson 24.95% 23.60% 24.15%
Merck & Co. Inc. 25.74% 16.47% 24.77%
Moderna Inc. 75.22% -381.82%
Pfizer Inc. 23.91% 19.47% 25.46%
Regeneron Pharmaceuticals Inc. 55.67% 42.09% 28.10%
Thermo Fisher Scientific Inc. 25.57% 24.19% 17.99%
Operating Profit Margin, Sector
Pharmaceuticals, Biotechnology & Life Sciences 28.39% 18.09% 25.68%
Operating Profit Margin, Industry
Health Care 13.78% 10.30% 12.31%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Operating profit margin = 100 × Income from operations ÷ Revenue
= 100 × 2,840,700 ÷ 10,981,700 = 25.87%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Biogen Inc. operating profit margin ratio deteriorated from 2019 to 2020 and from 2020 to 2021.

Net Profit Margin

Biogen Inc., net profit margin calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in thousands)
Net income attributable to Biogen Inc. 1,556,100 4,000,600 5,888,500 4,430,700 2,539,100
Revenue 10,981,700 13,444,600 14,377,900 13,452,900 12,273,900
Profitability Ratio
Net profit margin1 14.17% 29.76% 40.96% 32.93% 20.69%
Benchmarks
Net Profit Margin, Competitors2
AbbVie Inc. 20.54% 10.08% 23.69%
Amgen Inc. 24.25% 29.97% 35.32%
Bristol-Myers Squibb Co. 15.08% -21.20% 13.15%
Danaher Corp. 21.84% 16.36% 16.80%
Eli Lilly & Co. 19.71% 25.24% 37.27%
Gilead Sciences Inc. 23.05% 0.51% 24.35%
Johnson & Johnson 22.26% 17.82% 18.42%
Merck & Co. Inc. 26.79% 14.72% 21.01%
Moderna Inc. 69.04% -373.77%
Pfizer Inc. 27.04% 22.95% 31.45%
Regeneron Pharmaceuticals Inc. 50.25% 41.35% 26.91%
Thermo Fisher Scientific Inc. 19.70% 19.79% 14.47%
Net Profit Margin, Sector
Pharmaceuticals, Biotechnology & Life Sciences 24.90% 13.44% 23.02%
Net Profit Margin, Industry
Health Care 11.48% 7.64% 10.09%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Net profit margin = 100 × Net income attributable to Biogen Inc. ÷ Revenue
= 100 × 1,556,100 ÷ 10,981,700 = 14.17%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Biogen Inc. net profit margin ratio deteriorated from 2019 to 2020 and from 2020 to 2021.

Return on Equity (ROE)

Biogen Inc., ROE calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in thousands)
Net income attributable to Biogen Inc. 1,556,100 4,000,600 5,888,500 4,430,700 2,539,100
Total Biogen Inc. shareholders’ equity 10,896,200 10,700,300 13,343,200 13,039,600 12,612,800
Profitability Ratio
ROE1 14.28% 37.39% 44.13% 33.98% 20.13%
Benchmarks
ROE, Competitors2
AbbVie Inc. 74.91% 35.30%
Amgen Inc. 87.96% 77.20% 81.07%
Bristol-Myers Squibb Co. 19.46% -23.84% 6.66%
Danaher Corp. 14.24% 9.17% 9.94%
Eli Lilly & Co. 62.16% 109.79% 319.09%
Gilead Sciences Inc. 29.55% 0.68% 23.91%
Johnson & Johnson 28.20% 23.25% 25.42%
Merck & Co. Inc. 34.17% 27.91% 37.99%
Moderna Inc. 86.26% -29.17% -43.75%
Pfizer Inc. 28.47% 15.21% 25.77%
Regeneron Pharmaceuticals Inc. 43.03% 31.86% 19.08%
Thermo Fisher Scientific Inc. 18.94% 18.47% 12.45%
ROE, Sector
Pharmaceuticals, Biotechnology & Life Sciences 31.93% 16.48% 27.56%
ROE, Industry
Health Care 24.08% 15.82% 20.90%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
ROE = 100 × Net income attributable to Biogen Inc. ÷ Total Biogen Inc. shareholders’ equity
= 100 × 1,556,100 ÷ 10,896,200 = 14.28%

2 Click competitor name to see calculations.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. Biogen Inc. ROE deteriorated from 2019 to 2020 and from 2020 to 2021.

Return on Assets (ROA)

Biogen Inc., ROA calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in thousands)
Net income attributable to Biogen Inc. 1,556,100 4,000,600 5,888,500 4,430,700 2,539,100
Total assets 23,877,300 24,618,900 27,234,300 25,288,900 23,652,600
Profitability Ratio
ROA1 6.52% 16.25% 21.62% 17.52% 10.73%
Benchmarks
ROA, Competitors2
AbbVie Inc. 7.88% 3.07% 8.84%
Amgen Inc. 9.63% 11.54% 13.13%
Bristol-Myers Squibb Co. 6.40% -7.61% 2.65%
Danaher Corp. 7.73% 4.79% 4.85%
Eli Lilly & Co. 11.44% 13.28% 21.17%
Gilead Sciences Inc. 9.16% 0.18% 8.74%
Johnson & Johnson 11.47% 8.41% 9.59%
Merck & Co. Inc. 12.35% 7.72% 11.66%
Moderna Inc. 49.46% -10.18% -32.34%
Pfizer Inc. 12.11% 6.23% 9.72%
Regeneron Pharmaceuticals Inc. 31.75% 20.47% 14.29%
Thermo Fisher Scientific Inc. 8.12% 9.23% 6.33%
ROA, Sector
Pharmaceuticals, Biotechnology & Life Sciences 11.19% 5.14% 8.90%
ROA, Industry
Health Care 8.69% 5.36% 7.15%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
ROA = 100 × Net income attributable to Biogen Inc. ÷ Total assets
= 100 × 1,556,100 ÷ 23,877,300 = 6.52%

2 Click competitor name to see calculations.

Profitability ratio Description The company
ROA A profitability ratio calculated as net income divided by total assets. Biogen Inc. ROA deteriorated from 2019 to 2020 and from 2020 to 2021.