Overview
REGENERON PHARMACEUTICALS, INC.
Latest 10-K: FY2025, filed Feb 4, 2026 · Open the 10-K (Inline XBRL) ↗
- Revenue
- $14.34B
- 1.0%YoYup from FY2024
- TotalRevenue
- Gross profit
- Not reported
- Operating income
- $3.58B
- 10.3%YoYdown from FY2024
- OperatingIncome
- Net income
- $4.50B
- 2.1%YoYup from FY2024
- NetIncome
- Diluted EPS
- $41.48
- 8.2%YoYup from FY2024
- EPSDiluted
- Diluted shares
- 108.6M
- 5.6%YoYdown from FY2024
- WeightedAvgSharesDiluted
At a glance
Growth
- REGENERON PHARMACEUTICALS, INC. reported revenue of $14.34B for fiscal 2025, up 1.0% from fiscal 2024.
- Revenue grew faster than the median S&P 500 member in 3 of the last 5 fiscal years.
Profitability
- Operating margin was 24.9% and net margin was 31.4%, against a median net margin of 12.8% across S&P 500 members for the same fiscal year.
Per share
- Diluted EPS was $41.48, up 8.2% from the prior year.
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 periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Revenue | $14.34B1.0%up Benchmark median 6.4% | $14.20B8.3%up Benchmark median 4.5% | $13.12B7.8%up Benchmark median 4.8% | $12.17B24.3%down Benchmark median 10.3% | $16.07B89.1%up Benchmark median 13.8% | -2.8% Benchmark median 6.6% |
| Gross Profit Median of 315 / 498 | — | — | — | — | — | — Benchmark median 6.2% |
| Operating Income Median of 373 / 498 | $3.58B10.3%down Benchmark median 7.3% | $3.99B1.4%down Benchmark median 7.4% | $4.05B14.6%down Benchmark median 4.9% | $4.74B47.0%down Benchmark median 7.5% | $8.95B150.1%up Benchmark median 23.5% | -20.5% Benchmark median 7.2% |
| Net Income | $4.50B2.1%up Benchmark median 4.8% | $4.41B11.6%up Benchmark median 5.7% | $3.95B8.9%down Benchmark median 1.9% | $4.34B46.3%down Benchmark median 1.3% | $8.08B129.9%up Benchmark median 33.9% | -13.6% Benchmark median 4.1% |
| EPS (Diluted) | $41.488.2%up Benchmark median 6.2% | $38.3410.3%up Benchmark median 7.9% | $34.779.0%down Benchmark median 1.9% | $38.2246.9%down Benchmark median 1.5% | $71.97135.8%up Benchmark median 34.8% | -12.9% Benchmark median 5.6% |
Balance Sheet
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Total Assets | $40.56B7.4%up Benchmark median 5.6% | $37.76B14.1%up Benchmark median 3.4% | $33.08B13.2%up Benchmark median 4.1% | $29.21B14.9%up Benchmark median 2.2% | $25.43B48.2%up Benchmark median 6.7% | 12.4% Benchmark median 4.7% |
| Total Liabilities Median of 357 / 498 | $9.30B10.7%up Benchmark median 6.4% | $8.41B18.3%up Benchmark median 1.9% | $7.11B8.5%up Benchmark median 2.9% | $6.55B1.7%down Benchmark median 2.0% | $6.67B8.6%up Benchmark median 5.2% | 8.7% Benchmark median 4.4% |
| Stockholders' Equity | $31.26B6.5%up Benchmark median 6.8% | $29.35B13.0%up Benchmark median 5.4% | $25.97B14.6%up Benchmark median 7.3% | $22.66B20.8%up Benchmark median 2.5% | $18.77B70.2%up Benchmark median 9.0% | 13.6% Benchmark median 6.1% |
| Cash & Equivalents | $3.12B25.3%up Benchmark median 5.2% | $2.49B8.9%down Benchmark median 1.9% | $2.73B12.1%down Benchmark median 6.7% | $3.11B7.6%up Benchmark median -8.6% | $2.89B31.5%up Benchmark median -2.9% | 2.0% Benchmark median 2.0% |
| Total Debt | $1.99B†0.1%up Benchmark median 2.1% | $1.98B†0.1%up Benchmark median 0.2% | $1.98B†0.1%up Benchmark median 0.3% | $1.98B†0.1%up Benchmark median 0.1% | $1.98B†0.1%up 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 periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $4.98B12.6%up Benchmark median 6.3% | $4.42B3.8%down Benchmark median 4.8% | $4.59B8.4%down Benchmark median 9.9% | $5.01B29.2%down Benchmark median -0.7% | $7.08B170.5%up Benchmark median 10.7% | -8.4% Benchmark median 7.0% |
| Capital Expenditures | $898.40M18.9%up Benchmark median 5.4% | $755.90M5.2%up Benchmark median 2.8% | $718.60M21.8%up Benchmark median 11.3% | $590.10M6.9%up Benchmark median 14.0% | $551.90M10.2%down Benchmark median 8.1% | 13.0% Benchmark median 9.0% |
| Free Cash Flow Median of 378 / 498 | $4.08B11.3%up Benchmark median 7.3% | $3.66B5.4%down Benchmark median 6.1% | $3.88B12.4%down Benchmark median 8.8% | $4.42B32.2%down Benchmark median -11.3% | $6.53B225.9%up Benchmark median 10.2% | -11.1% 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
FY2025Every 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
5.4%
Wall Street
on net earnings
FY2024 5.4%
4.9%
Value investor
on free cash flow
FY2024 4.5%
Gap −0.5 pts: Value-investor figure 0.5 points lower
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 18.6×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
Valuation · Enterprise yield
What a dollar of enterprise value earned
5.3%
Wall Street
on EBITDA
FY2024 6.0%
4.6%
Value investor
on EBIT
FY2024 5.3%
Gap −0.7 pts: Value-investor figure 0.7 points lower
How it’s calculated
Wall Street · on EBITDA
EBITDA ÷ enterprise value (1 ÷ EV/EBITDA)
ev_ebitda (ratio table)
EV/EBITDA 18.7×Value investor · on EBIT
Operating income (EBIT) ÷ enterprise value: depreciation counts as a real cost
operating income ÷ (ev_ebitda × ebitda)
Valuation · Book yield
Net assets behind a dollar of market value
37.3%
Wall Street
on book equity
FY2024 35.8%
35.8%
Value investor
on tangible book
FY2024 34.4%
Gap −1.5 pts: Value-investor figure 1.5 points lower
How it’s calculated
Wall Street · on book equity
Book value of equity ÷ market capitalisation (1 ÷ P/B)
pb_ratio (ratio table)
P/B 2.7×Value investor · on tangible book
Tangible book value (equity less goodwill and intangibles) ÷ market capitalisation
tangible_book_value_per_share ÷ (pb_ratio × book_value_per_share)
Quality · Return on capital
Profit earned on the money in the business
14.9%
Wall Street
ROE: net income ÷ equity
FY2024 16.0%
11.2%
Value investor
ROIC: after-tax operating profit ÷ invested capital
FY2024 14.8%
Gap −3.7 pts: Value-investor figure 3.7 points lower
How it’s calculated
Wall Street · ROE: net income ÷ equity
Net income ÷ average stockholders' equity (start and end of year), including noncontrolling interests. Buybacks shrink equity and lift it.
return_on_equity (ratio table)
Value investor · ROIC: after-tax operating profit ÷ invested capital
Operating profit after tax ÷ invested capital (total assets − cash − non-interest-bearing current liabilities), so leverage cannot flatter it
roic (ratio table)
Quality · Cash margin
Cash profit kept from each dollar of sales
28.7%
Wall Street
EBITDA margin
FY2024 31.5%
28.4%
Value investor
Free-cash-flow margin
FY2024 25.8%
Gap −0.3 pts: Value-investor figure 0.3 points lower
How it’s calculated
Wall Street · EBITDA margin
EBITDA ÷ revenue
ebitda ÷ revenue
Value investor · Free-cash-flow margin
(Operating cash flow − capital expenditures) ÷ revenue: taxes, interest, working capital and capex all paid
free cash flow ÷ revenue
Balance sheet · Liquidity
Short-term assets per dollar of bills due within a year
4.13×
Wall Street
Current ratio
FY2024 4.73×
3.39×
Value investor
Quick ratio, inventory excluded
FY2024 3.95×
Gap −0.74×: Value-investor figure 0.74 lower
How it’s calculated
Wall Street · Current ratio
Current assets ÷ current liabilities
current_ratio (ratio table)
Value investor · Quick ratio, inventory excluded
(Current assets − inventory) ÷ current liabilities
quick_ratio (ratio table)
Balance sheet · Debt cover
How many times one year of earnings repays all debt
2.08×
Wall Street
EBITDA ÷ total debt
FY2024 2.25×
2.05×
Value investor
FCF ÷ total debt
FY2024 1.85×
Gap −0.03×: Value-investor figure 0.03 lower
How it’s calculated
Wall Street · EBITDA ÷ total debt
EBITDA ÷ total debt (short-term + long-term)
ebitda ÷ total debt
Net cashValue investor · FCF ÷ total debt
Free cash flow ÷ total debt: what is actually left to repay it
free cash flow ÷ total debt
Balance sheet · Interest cover
How many times earnings pay the year's interest
94.1×
Wall Street
EBITDA ÷ interest
FY2024 81.0×
81.7×
Value investor
EBIT ÷ interest
FY2024 72.3×
Gap −12.4×: Value-investor figure 12.4 lower
How it’s calculated
Wall Street · EBITDA ÷ interest
EBITDA ÷ interest expense
ebitda_interest_coverage (ratio table)
Value investor · EBIT ÷ interest
Operating income ÷ interest expense
interest_coverage (ratio table)
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”.
Smart money
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
Research Reports
No published research on REGN 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 REGN and publish the result to your public profile.
Cite this page
Data as of Oct 31, 2026. Canonical address: https://valuein.biz/data/REGN
Valuein. (2026, October 31). REGENERON PHARMACEUTICALS, INC. (REGN) financial statements, earnings power and smart-money summary [Data set]. Source: SEC EDGAR filings. https://valuein.biz/data/REGN
@misc{valuein_regn_2026,
author = {{Valuein}},
title = {REGENERON PHARMACEUTICALS, INC. (REGN) financial statements, earnings power and smart-money summary},
year = {2026},
howpublished = {\url{https://valuein.biz/data/REGN}},
note = {Data as of 2026-10-31; source: SEC EDGAR filings}
}10-K filed Feb 4, 2026 · accession 0000872589-26-000008
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point-in-time · survivorship-free · every number traceable to its SEC filing
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