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

Gilead Sciences, Inc. GILD

19 fiscal years on record · USD · FY2025 reported · SEC filings only
10 YEARS OF DIVIDEND GROWTH
$29.4B
▲ 2.4% YoY
$8.5B
▲ 1672.9% YoY
$9.5B
▼ 8.2% YoY
In brief

What this company does

Gilead discovers, develops and delivers medicines that address unmet medical needs in virology, oncology and other therapeutic areas. Its medicines prevent and treat life-threatening diseases such as HIV, viral hepatitis, COVID-19 and cancer. The company operates in more than 35 countries worldwide and has its headquarters in Foster City, California. In 2025 its commercial portfolio included more than 25 therapies. At the end of 2025 it had approximately 17,000 employees. Products are marketed through its commercial teams and in conjunction with third-party wholesalers, distributors and corporate partners. Approximately 90% of gross product sales in the U.S. have historically gone to three wholesalers, Cardinal Health, Inc., Cencora, Inc. and McKesson Corporation, and their specialty distributor affiliates. Clinical trial activities are extensively outsourced, with third-party contract research organizations performing most of the clinical studies.

Written from the business description in GILEAD SCIENCES, INC.'s annual report to the U.S. Securities and Exchange Commission, filed 24 February 2026. Every sentence was checked against that document before publication.

Growth
USD 29.4B
Revenue, FY2025 · full 19-year series below
Revenue $B Net income $B
FY2025 · Revenue 29.4 · Net income 8.5
20B2007201020132016201920222025
Compound annual growth
+2.6%
+3.6%
−1.0%
+9.1%
+22.8%
+133.3%
−7.3%
+7.4%
+23.0%
+132.4%
−5.5%
+2.7%
+3.0%
+9.4%
+4.8%
+2.9%
−7.1%
+2.5%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +3.6% a year over five years — but profit grew faster: net income at +133.3%, earnings per share at +132.4%.

The share count fell from 1.25B to 1.24B — the buyback concentrates the same profit into fewer slices.

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
29 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 34.0% · Net 28.9%
20%40%60%2007201020132016201920222025
ROE
FY2025 · ROE 40.5%
50%100%2007201020132016201920222025

Each USD of equity produced 40 cents of profit this year.

Cash & shareholders
USD 5.5B
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2025 · FCF 9.5
8B16B2007201020132016201920222025
Net buybacks $B Dividends $B
FY2025 · Dividends 4.0 · Net buybacks 1.5
5B10BDividendsNet buybacks2007201020132016201920222025

USD 4.0B in dividends and USD 1.5B in buybacks — 65% of the year's profit went back to shareholders.

Total assetsUSD 59.0B
EquityUSD 22.7B
CashUSD 7.6B
Gross debtUSD 24.9B
Net debtUSD 17.4B
Current ratio1.55×

Net debt stands at 77% of equity.

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 $B29.428.827.127.327.324.722.422.126.130.432.624.911.29.78.47.97.05.34.2
Operating income $B10.01.77.67.39.94.14.38.214.117.622.215.34.54.03.84.03.52.72.2
EBITDA $B10.42.08.07.710.24.44.58.414.417.822.415.44.64.13.94.03.62.72.2
Income tax $B1.30.21.21.22.11.6−0.22.38.93.63.62.81.21.00.91.00.90.70.6
Net income $B8.50.55.74.66.20.15.45.54.613.518.112.13.12.62.82.92.62.01.6
Free cash flow $B9.510.37.48.310.87.58.37.511.316.320.512.32.92.83.52.82.82.01.6
EPS, diluted $6.780.384.503.644.930.104.224.173.519.9411.917.351.811.641.771.662.822.061.64
Dividend / sh $3.163.083.002.922.842.722.522.282.081.841.290.000.00······
Payout %478166781582804605459181000······
ROE %40.52.325.721.731.70.624.526.123.572.2106.690.329.732.344.547.449.546.3·
Shares out B1.241.251.251.251.251.251.271.281.311.311.421.501.531.520.750.800.900.91·

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

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This company against its peers

Provenance
Company facts, as filed
How we verify · 0 failures in 74 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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