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Overview

BIOGEN INC.

BIIBNASDAQHealth CareBiological Products, (No Diagnostic Substances)CIK 0000875045Large-cap benchmark

Latest 10-K: FY2025, filed Feb 6, 2026 · Open the 10-K (Inline XBRL) ↗

Revenue
$9.89B
2.2%YoYup from FY2024
TotalRevenue
Gross profit
$7.49B
1.6%YoYup from FY2024
GrossProfit
Net income
$1.29B
20.8%YoYdown from FY2024
NetIncome
Diluted EPS
$8.79
21.4%YoYdown from FY2024
EPSDiluted
Diluted shares
147.1M
0.8%YoYup from FY2024
WeightedAvgSharesDiluted

At a glance

Growth

  • BIOGEN INC. reported revenue of $9.89B for fiscal 2025, up 2.2% from fiscal 2024.
  • Revenue grew faster than the median S&P 500 member in 0 of the last 5 fiscal years.

Profitability

  • Net margin was 13.1%, against a median of 12.8% across S&P 500 members for the same fiscal year.

Per share

  • Diluted EPS was $8.79, down 21.4% from the prior year.
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Written from the filed figures on this page by fixed rules — no AI.

Data as of Oct 31, 2026 · Sources: SEC EDGAR 10-K

Financial statements

Annual figures from the 10-K, most recent fiscal year first.

Income Statement

5 annual periods

Chip: YoY change.

Income Statement, annual, newest fiscal year first. 4Y CAGR: compound annual growth from the oldest to the newest year shown. Muted line: large-cap benchmark median change. Line under a label: how many large-cap benchmark companies its median rests on.
Line itemFY2025FY2024FY2023FY2022FY20214Y CAGR
Revenue
$9.89B2.2%up
Benchmark median 6.4%
$9.68B1.6%down
Benchmark median 4.5%
$9.84B3.3%down
Benchmark median 4.8%
$10.17B7.4%down
Benchmark median 10.3%
$10.98B18.3%down
Benchmark median 13.8%
-2.6%
Benchmark median 6.6%
Gross Profit
Median of 315 / 498
$7.49B1.6%up
Benchmark median 6.8%
$7.37B0.9%up
Benchmark median 5.5%
$7.30B7.5%down
Benchmark median 5.2%
$7.90B11.0%down
Benchmark median 8.3%
$8.87B23.8%down
Benchmark median 15.7%
-4.2%
Benchmark median 6.2%
Operating Income
Median of 373 / 498
—
—
—
—
$2.84B37.6%down
Benchmark median 23.5%
—
Benchmark median 7.2%
Net Income
$1.29B20.8%down
Benchmark median 4.8%
$1.63B40.6%up
Benchmark median 5.7%
$1.16B61.9%down
Benchmark median 1.9%
$3.05B95.8%up
Benchmark median 1.3%
$1.56B61.1%down
Benchmark median 33.9%
-4.5%
Benchmark median 4.1%
EPS (Diluted)
$8.7921.4%down
Benchmark median 6.2%
$11.1840.3%up
Benchmark median 7.9%
$7.9761.8%down
Benchmark median 1.9%
$20.87100.7%up
Benchmark median 1.5%
$10.4058.1%down
Benchmark median 34.8%
-4.1%
Benchmark median 5.6%

Balance Sheet

5 annual periods

Chip: YoY change.

Balance Sheet, annual, newest fiscal year first. 4Y CAGR: compound annual growth from the oldest to the newest year shown. Muted line: large-cap benchmark median change. Line under a label: how many large-cap benchmark companies its median rests on.
Line itemFY2025FY2024FY2023FY2022FY20214Y CAGR
Total Assets
$29.44B5.0%up
Benchmark median 5.6%
$28.05B4.5%up
Benchmark median 3.4%
$26.84B9.3%up
Benchmark median 4.1%
$24.55B2.8%up
Benchmark median 2.2%
$23.88B3.0%down
Benchmark median 6.7%
5.4%
Benchmark median 4.7%
Total Liabilities
Median of 357 / 498
$11.18B1.3%down
Benchmark median 6.4%
$11.33B5.9%down
Benchmark median 1.9%
$12.05B7.9%up
Benchmark median 2.9%
$11.17B13.6%down
Benchmark median 2.0%
$12.92B7.3%down
Benchmark median 5.2%
-3.5%
Benchmark median 4.4%
Stockholders' Equity
$18.26B9.2%up
Benchmark median 6.8%
$16.72B13.0%up
Benchmark median 5.4%
$14.80B10.5%up
Benchmark median 7.3%
$13.39B22.2%up
Benchmark median 2.5%
$10.96B2.6%up
Benchmark median 9.0%
13.6%
Benchmark median 6.1%
Cash & Equivalents
—
—
—
—
—
—
Benchmark median 2.0%
Total Debt
$6.29B†0.1%down
Benchmark median 2.1%
$6.30B†9.3%down
Benchmark median 0.2%
$6.94B†10.5%up
Benchmark median 0.3%
$6.28B†0.1%up
Benchmark median 0.1%
$6.27B†15.5%down
Benchmark median -0.1%
0.1%
Benchmark median 4.3%

† Sum of short-term and long-term debt; the company files no total-debt line.

Cash Flow Statement

5 annual periods

Chip: YoY change.

Cash Flow Statement, annual, newest fiscal year first. 4Y CAGR: compound annual growth from the oldest to the newest year shown. Muted line: large-cap benchmark median change. Line under a label: how many large-cap benchmark companies its median rests on.
Line itemFY2025FY2024FY2023FY2022FY20214Y CAGR
Operating Cash Flow
$2.20B23.3%down
Benchmark median 6.3%
$2.88B85.9%up
Benchmark median 4.8%
$1.55B11.8%up
Benchmark median 9.9%
$1.38B62.0%down
Benchmark median -0.7%
$3.64B13.9%down
Benchmark median 10.7%
-11.8%
Benchmark median 7.0%
Capital Expenditures
$153.80M0.1%up
Benchmark median 5.4%
$153.70M44.5%down
Benchmark median 2.8%
$277.00M15.3%up
Benchmark median 11.3%
$240.30M6.9%down
Benchmark median 14.0%
$258.10M39.2%down
Benchmark median 8.1%
-12.1%
Benchmark median 9.0%
Free Cash Flow
Median of 378 / 498
$2.05B24.7%down
Benchmark median 7.3%
$2.72B114.3%up
Benchmark median 6.1%
$1.27B11.0%up
Benchmark median 8.8%
$1.14B66.2%down
Benchmark median -11.3%
$3.38B11.1%down
Benchmark median 10.2%
-11.8%
Benchmark median 4.9%

n/m: not meaningful — the base (the prior year, or the first year for the CAGR) was zero or negative, or a per-share figure’s share basis changed (stock split). “—” means the figure is not available.

Benchmark median = median of the companies in the benchmark universe on Dec 31 of each fiscal year, from their own 10-K filings; a change counts only companies whose prior year was positive. Each median uses every member that reports the line item; where fewer than 80% do (banks and insurers file no gross profit), the row names how many. Published where at least 250 companies report it. Updated 2026-10-27. This compares reported figures, not share-price returns. Methodology

Ratios & valuation

FY2025

Every ratio read two ways: Wall Street’s popular formula and the value investor’s stricter one. Same question, same unit. Pick a ratio.

Valuation · Earnings yield

What a dollar of market value earned

5.0%

Wall Street

on net earnings

FY2024 7.3%

7.9%

Value investor

on free cash flow

FY2024 12.2%

Gap +2.9 pts: Value-investor figure 2.9 points higher

How it’s calculated

Wall Street · on net earnings

Diluted EPS ÷ fiscal-year-end share price (1 ÷ P/E)

pe_ratio (ratio table)

P/E 20.0×

Value investor · on free cash flow

(Operating cash flow − capital expenditures) ÷ market capitalisation (fiscal-year-end close × weighted-average diluted shares)

free cash flow ÷ market cap

Each ratio measures one thing two ways, in the same unit: the popular formula, then a stricter one, so a lower figure is the stricter reading. Gap = value-investor figure minus Wall Street figure, from the figures shown.

Price-based ratios use the fiscal-year-end closing price. Free cash flow = operating cash flow − capital expenditures (we compute it; filings rarely report it). n/m = not meaningful (denominator ≤ 0); “—” = not reported. Each ratio’s formulas are under “How it’s calculated”.

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Smart money

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Showing the most recent 5 annual periods. Get longer history on the Pro plan, or the full history (1993–present) plus the smart-money dataset and webhooks on Institutional.

Peers, filings & research

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Research Reports

No published research on BIIB yet.

Reports appear here as analysts publish research on this company — built with Valuein's agentic workflows on data pinned to its SEC filing. Be the first: run equity_research_brief on BIIB and publish the result to your public profile.

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Cite this page

Data as of Oct 31, 2026. Canonical address: https://valuein.biz/data/BIIB

APA-style text
Valuein. (2026, October 31). BIOGEN INC. (BIIB) financial statements, earnings power and smart-money summary [Data set]. Source: SEC EDGAR filings. https://valuein.biz/data/BIIB
BibTeX
@misc{valuein_biib_2026,
  author = {{Valuein}},
  title = {BIOGEN INC. (BIIB) financial statements, earnings power and smart-money summary},
  year = {2026},
  howpublished = {\url{https://valuein.biz/data/BIIB}},
  note = {Data as of 2026-10-31; source: SEC EDGAR filings}
}
Open 10-K in SEC Inline XBRL viewer

10-K filed Feb 6, 2026 · accession 0000875045-26-000013

Agents: every figure Valuein's tools return carries a fact_id that traces to its SEC filing.

point-in-time · survivorship-free · every number traceable to its SEC filing

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