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MARKETS / NASDAQ / BIIB
NASDAQ · BIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES) · LARGE CAP

Biogen Inc. BIIB

19 fiscal years on record · USD · FY2025 reported · SEC filings only
$9.9B
▲ 2.2% YoY
$1.3B
▼ 20.8% YoY
$2.1B
▼ 24.7% YoY
In brief

What this company does

Its marketed products include VUMERITY, TYSABRI, TECFIDERA, AVONEX and PLEGRIDY for the treatment of MS; SPINRAZA for the treatment of SMA; SKYCLARYS for the treatment of FA; and QALSODY for the treatment of ALS. It also has collaborations with Eisai on the commercialization of LEQEMBI for the treatment of Alzheimer's disease and with Supernus on the commercialization of ZURZUVAE for the treatment of PPD. The company commercializes a portfolio of biosimilars of advanced biologics, including BENEPALI, an etanercept biosimilar referencing ENBREL; IMRALDI, an adalimumab biosimilar referencing HUMIRA; and FLIXABI, an infliximab biosimilar referencing REMICADE. In March 2025 it entered into a lease for approximately 580,000 square feet of office and research and development space at 75 Broadway, Cambridge, Massachusetts, to serve as its new global corporate headquarters integrating its research and development, technical operations, and North American commercial teams.

Written from the business description in BIOGEN INC.'s annual report to the U.S. Securities and Exchange Commission, filed 6 February 2026. Every sentence was checked against that document before publication.

Growth
USD 9.9B
Revenue, FY2025 · full 19-year series below
Revenue $B Net income $B
FY2025 · Revenue 9.9 · Net income 1.3
5B10B2007201020132016201920222025
Compound annual growth
−0.9%
−6.0%
−0.8%
+5.1%
−24.9%
−20.2%
−9.6%
+1.7%
−25.0%
−18.7%
−5.4%
+5.5%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at −6.0% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
13 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 15.7% · Net 13.1%
20%40%2007201020132016201920222025
ROE
FY2024 · ROE 11.0%
20%40%2007201020132016201920222025

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2025 · FCF 2.1
2.5B5.0B2007201020132016201920222025
Net buybacks $B Dividends $B
FY2024 · Dividends — · Net buybacks 0.0
2.5B5.0B2007201020132016201920222024

Total assetsUSD 29.4B
CashUSD 3.0B
Gross debtUSD 6.3B
Net debtUSD 3.3B
Current ratio2.68×

Not available: we don't have the shareholders' equity figure for this period.

The 19-year record
19 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 2025202420232022202120202019201820172016201520142013201220112010200920082007
Revenue $B9.99.79.810.211.013.414.413.512.311.410.89.76.95.55.04.74.44.13.2
Operating income $B1.61.91.3·2.84.67.05.95.35.24.94.02.51.91.71.21.31.20.8
EBITDA $B2.32.61.8·3.35.07.56.56.45.85.54.73.02.22.1····
Income tax $B0.30.30.10.60.11.01.21.42.51.21.21.00.60.50.40.30.40.40.3
Net income $B1.31.61.23.01.64.05.94.42.53.73.52.91.91.41.21.01.00.80.6
Free cash flow $B2.12.71.31.13.43.86.65.43.74.03.32.72.11.61.51.50.91.30.7
EPS, diluted $8.7911.187.9720.8710.4024.8031.4221.5811.9216.9315.3412.377.815.765.043.943.352.651.99
Dividend / sh $···················
Payout %···················
ROE %·11.08.225.114.433.344.634.520.534.435.230.223.920.620.917.316.113.5·
Shares out B0.150.150.140.140.150.150.170.200.210.220.220.230.240.240.240.240.000.29·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Compare

This company against its peers

Provenance
Company facts, as filed
How we verify · 0 failures in 86 reconciliationsAUDITED

Reconciled in 19 of 19 fiscal years. 2 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityBiological Products, (No Diagnostic Substances)
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2007

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