Amgen (AMGN) Financials: Revenue & Earnings

AMGN price $449.77 +1.82 +0.41%

Ticker
AMGN
Price
$449.77
Change
+1.82 +0.41%
Market cap ?
$243.16B
P/E ?
27.62
Forward P/E ?
19.51
Dividend yield ?
2.22%
Beta ?
0.41
Sector
Healthcare
Industry
Drug Manufacturers - General
Stocklytics score
53
Value
37
Quality
68
Growth
55

Stocklytics score rationale: value 37, quality 68, growth 55.

Financials

2016201720182019202020212022202320242025
22991000000228490000002374700000023362000000254240000002597900000026323000000281900000003342400000036741000000

Amgen Inc., established in 1980 and headquartered in Thousand Oaks, California, is a global biotechnology leader focused on discovering, developing, manufacturing, and delivering groundbreaking human medicines. The company's scientific endeavors span several critical therapeutic categories, including inflammatory conditions, oncology and hematology, bone health, cardiovascular diseases, nephrology, and neuroscience…

Fair value

AMGN fair value $534.40. Price $449.77. Price is 16% below fair value.

Around fair value, but less expensive than usual. A smaller premium than on 70% of days in the past 5 years.

Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price. How discounted cash flow works.

Calculated with a 10-year free-cash-flow discount. Starting free cash flow 10.18B. Growth 7.18%. When analyst earnings forecasts are available, free cash flow in those years is forecast earnings times the company's usual conversion of earnings into free cash flow, kept between 60% and 130%. Years with fewer than 3 analyst estimates are left out. Growth then fades in a straight line to terminal growth by year 10, starting from the last well-covered year's growth, or from the pace across those years when the final year slows sharply, kept between 0% and 20%. Without those forecasts, year-1 growth is analyst revenue growth for the next full fiscal year, or 5-year historical revenue growth when that forecast is missing, held for five years, then fading in a straight line to terminal growth by year 10. Terminal growth 3.00%. Discount rate 8.70% (beta 0.8). Beta is kept between 0.8 and 2.0, which on its own would make the discount rate 8.7% to 15.3%. The rate is then capped at 12%. A cap is used because a discount above 12% pushes higher-beta stocks further from the price. The discount rate stays at least 5 percentage points above terminal growth. Shares 540.63M. Net debt 45.48B. The earnings value is next-12-months earnings per share, or trailing earnings when that forecast is missing, times the median P/E of the company's industry. That median uses listed stocks worth at least $10 billion with a positive P/E of 100 or below, and the industry needs at least eight of them. Otherwise the sector median is used when that group also has at least eight, then the market median of those large companies. The multiple used is the lower of that median and 1.25 times the stock's own 10-year median P/E, then kept between 8 and 30. If the stock has no 10-year median, the peer median is kept between 8 and 30. Fair value is the average of the cash-flow value and the earnings value when both exist. Card and credit companies use the earnings value only, because changes in customer receivables distort free cash flow. Model uncertainty is high when fair value is more than 60% from the price, or when most of the cash-flow value sits after year 10.

Compare AMGN

Earnings

DateEPS actualEPS estimateRevenueRevenue estimate
2026-11-03—5.79—10.08B
2026-08-046.295.6210.05B9.43B
2026-04-305.154.778.62B8.58B
2026-02-035.294.739.87B9.47B
2025-11-045.645.029.56B8.97B
2025-08-056.025.289.17B8.94B
2025-05-014.904.278.15B8.06B
2025-02-045.315.049.09B8.88B
2024-10-305.585.118.50B8.50B
2024-08-064.974.988.39B8.35B
2024-05-023.963.887.45B7.45B
2024-02-064.714.598.20B8.13B
2023-10-314.964.656.90B6.62B
2023-08-035.004.446.99B6.68B
2023-04-273.983.856.11B6.65B
2023-01-314.094.046.84B6.74B
2022-11-034.704.446.65B6.56B
2022-08-044.654.406.59B6.53B
2022-04-274.254.226.24B6.07B
2022-02-074.364.146.85B6.87B
2021-11-024.674.226.71B6.71B
2021-08-034.384.136.53B6.45B
2021-04-273.704.055.90B6.29B
2021-02-023.813.366.63B5.81B
2020-10-284.373.816.42B5.60B
2020-07-284.253.816.21B5.59B
2020-04-304.173.706.16B5.56B
2020-01-303.643.476.20B5.91B
2019-10-293.663.535.74B5.53B
2019-07-303.973.595.87B5.31B
2019-04-303.563.485.56B5.43B
2019-01-293.423.276.23B5.96B
2018-10-303.693.455.90B5.52B
2018-07-263.833.546.06B5.60B
2018-04-243.473.235.55B5.19B
2018-02-012.893.045.80B6.08B
2017-10-253.273.115.77B5.49B
2017-07-253.273.115.81B5.53B
2017-04-263.153.005.46B5.20B
2017-02-022.892.795.96B5.76B

Dividends

Yield 2.21%. Payout ratio 60.45%. Frequency Quarterly.

Safety score 82/100 · Safe. Payout ratio is 60% of earnings. Dividends use a moderate share of free cash flow. Dividends were paid in 16 separate years. Yield is 2.2%, in a range that is usually sustainable.

Ex-dateDividendRecordPaymentFrequency
2026-08-21$2.522026-08-212026-09-11Quarterly
2026-05-15$2.522026-05-152026-06-05Quarterly
2026-02-13$2.522026-02-132026-03-06Quarterly
2025-11-21$2.382025-11-212025-12-12Quarterly
2025-08-22$2.382025-08-222025-09-12Quarterly
2025-05-16$2.382025-05-162025-06-06Quarterly
2025-02-14$2.382025-02-142025-03-07Quarterly
2024-11-18$2.252024-11-182024-12-09Quarterly
2024-08-16$2.252024-08-162024-09-06Quarterly
2024-05-16$2.252024-05-172024-06-07Quarterly
2024-02-15$2.252024-02-162024-03-07Quarterly
2023-11-16$2.132023-11-172023-12-08Quarterly
2023-08-17$2.132023-08-182023-09-08Quarterly
2023-05-17$2.132023-05-182023-06-08Quarterly
2023-02-14$2.132023-02-152023-03-08Quarterly
2022-11-16$1.942022-11-172022-12-08Quarterly
2022-08-17$1.942022-08-182022-09-08Quarterly
2022-05-16$1.942022-05-172022-06-08Quarterly
2022-02-14$1.942022-02-152022-03-08Quarterly
2021-11-15$1.762021-11-162021-12-08Quarterly
2021-08-16$1.762021-08-172021-09-08Quarterly
2021-05-14$1.762021-05-172021-06-08Quarterly
2021-02-11$1.762021-02-152021-03-08Quarterly
2020-11-13$1.602020-11-162020-12-08Quarterly
2020-08-14$1.602020-08-172020-09-08Quarterly
2020-05-15$1.602020-05-182020-06-08Quarterly
2020-02-13$1.602020-02-142020-03-06Quarterly
2019-11-14$1.452019-11-152019-12-06Quarterly
2019-08-14$1.452019-08-152019-09-06Quarterly
2019-05-16$1.452019-05-172019-06-07Quarterly
2019-02-14$1.452019-02-152019-03-08Quarterly
2018-11-15$1.322018-11-162018-12-07Quarterly
2018-08-16$1.322018-08-172018-09-07Quarterly
2018-05-16$1.322018-05-172018-06-08Quarterly
2018-02-14$1.322018-02-152018-03-08Quarterly
2017-11-16$1.152017-11-172017-12-08Quarterly
2017-08-15$1.152017-08-172017-09-08Quarterly
2017-05-15$1.152017-05-172017-06-08Quarterly
2017-02-13$1.152017-02-152017-03-08Quarterly
2016-11-14$1.002016-11-162016-12-08Quarterly
2016-08-15$1.002016-08-172016-09-08Quarterly
2016-05-13$1.002016-05-172016-06-08Quarterly
2016-02-11$1.002016-02-162016-03-08Quarterly
2015-11-12$0.792015-11-162015-12-07Quarterly
2015-08-13$0.792015-08-172015-09-08Quarterly
2015-05-12$0.792015-05-142015-06-05Quarterly
2015-02-10$0.792015-02-122015-03-06Quarterly
2014-11-10$0.612014-11-132014-12-05Quarterly
2014-08-12$0.612014-08-142014-09-05Quarterly
2014-05-13$0.612014-05-152014-06-06Quarterly
2014-02-11$0.612014-02-132014-03-07Quarterly
2013-11-12$0.472013-11-142013-12-06Quarterly
2013-08-14$0.472013-08-162013-09-06Quarterly
2013-05-14$0.472013-05-162013-06-07Quarterly
2013-02-11$0.472013-02-132013-03-07Quarterly
2012-11-13$0.362012-11-152012-12-07Quarterly
2012-08-14$0.362012-08-162012-09-07Quarterly
2012-05-14$0.362012-05-162012-06-07Quarterly
2012-02-13$0.362012-02-152012-03-07Quarterly
2011-11-15$0.282011-11-172011-12-08Quarterly
2011-08-16$0.282011-08-182011-09-08Quarterly

Insider trades

DateInsiderActionSharesPriceValue
2027-08-07Dittrich Thomas J.W.Other17.20K$410.957.07M
2026-10-26Gibbs David WOther0——
2026-09-01Dittrich Thomas J.W.Other0——
2026-08-13Khosla RachnaBuy1.25K$162.60203.58K
2026-08-13Khosla RachnaSell1.25K$416.43521.36K
2026-08-13Khosla RachnaSell1.25K$162.60203.58K
2026-08-11Khosla RachnaSell2.00K$412.57825.13K
2026-08-07Busch Matthew C.Buy730——
2026-08-07ISHRAK OMARBuy85——
2026-08-07HOLLEY CHARLES MBuy103——
2026-08-07Drake Michael VBuy64——
2026-08-06Miller DerekBuy2.07K$162.60336.42K
2026-08-06Miller DerekBuy1.82K$177.46323.15K
2026-08-06Miller DerekSell1.82K$402.54733.03K
2026-08-06Miller DerekSell2.07K$162.60336.42K
2026-08-06Miller DerekSell1.82K$177.46323.15K
2026-08-06Grygiel Nancy A.Buy1.97K$177.46349.60K
2026-08-06Grygiel Nancy A.Buy1.00K$177.31177.31K
2026-08-06Grygiel Nancy A.Sell1.00K$402.16402.16K
2026-08-06Grygiel Nancy A.Sell1.00K$177.31177.31K
2026-08-06Grygiel Nancy A.Sell1.97K$177.46349.60K
2026-05-19MILES AMY EBuy665——
2026-05-19Kullman Ellen JamisonBuy665——
2026-05-19Klotman Mary E.Buy665——
2026-05-19Jacks TylerBuy665——
2026-05-19ISHRAK OMARBuy665——
2026-05-19HOLLEY CHARLES MBuy665——
2026-05-19Garland Greg C.Buy665——
2026-05-19ECKERT ROBERTBuy665——
2026-05-19Druker BrianBuy665——
2026-05-19Drake Michael VBuy665——
2026-05-19Austin Wanda MBuy665——
2026-05-07Busch Matthew C.Sell41$331.1113.58K
2026-05-07Santos EstebanSell522$331.11172.84K
2026-05-07REESE DAVID MSell556$331.11184.10K
2026-05-07Miller DerekSell151$331.1150.00K
2026-05-07Khosla RachnaSell93$331.1130.79K
2026-05-07Grygiel Nancy A.Sell88$331.1129.14K
2026-05-07Griffith Peter H.Sell556$331.11184.10K
2026-05-07Graham Jonathan PSell499$331.11165.22K
2026-05-07Gordon MurdoSell615$331.11203.63K
2026-05-07Bradway Robert ASell2.08K$331.11688.38K
2026-05-07Bradner James E.Sell446$331.11147.68K
2026-05-06Bradner James E.Sell407$329.59134.14K
2026-05-06Bradway Robert ASell1.70K$329.59560.96K
2026-05-06Busch Matthew C.Sell50$329.5916.48K
2026-05-06Gordon MurdoSell502$329.59165.45K
2026-05-06Graham Jonathan PSell408$329.59134.47K
2026-05-06Griffith Peter H.Sell502$329.59165.45K
2026-05-06Grygiel Nancy A.Sell76$329.5925.05K
2026-05-06Khosla RachnaSell79$329.5926.04K
2026-05-06Miller DerekSell123$329.5940.54K
2026-05-06REESE DAVID MSell454$329.59149.63K
2026-05-06Santos EstebanSell427$329.59140.73K
2026-05-05Bradner James E.Buy3.34K——
2026-05-05Bradner James E.Buy21.77K$329.597.18M
2026-05-05Bradway Robert ABuy12.14K——
2026-05-05Bradway Robert ABuy79.18K$329.5926.10M
2026-05-05Busch Matthew C.Buy455——
2026-05-05Busch Matthew C.Buy2.97K$329.59978.55K
2026-05-05Gordon MurdoBuy3.64K——
2026-05-05Gordon MurdoBuy23.75K$329.597.83M
2026-05-05Graham Jonathan PBuy2.61K——
2026-05-05Graham Jonathan PBuy17.02K$329.595.61M
2026-05-05Griffith Peter H.Buy3.64K——
2026-05-05Griffith Peter H.Buy23.75K$329.597.83M
2026-05-05Grygiel Nancy A.Buy485——
2026-05-05Grygiel Nancy A.Buy3.17K$329.591.04M
2026-05-05Khosla RachnaBuy500——
2026-05-05Khosla RachnaBuy3.27K$329.591.08M
2026-05-05Miller DerekBuy910——
2026-05-05Miller DerekBuy5.94K$329.591.96M
2026-05-05REESE DAVID MBuy2.91K——
2026-05-05REESE DAVID MBuy19.00K$329.596.26M
2026-05-05Santos EstebanBuy2.73K——
2026-05-05Santos EstebanBuy17.81K$329.595.87M
2026-05-05ISHRAK OMARBuy106——
2026-05-05HOLLEY CHARLES MBuy129——
2026-05-05Drake Michael VBuy80——
2026-05-04Grygiel Nancy A.Sell1.24K$323.73400.45K
2026-05-02Santos EstebanSell697$329.82229.88K
2026-05-02Santos EstebanSell641$329.82211.41K
2026-05-02REESE DAVID MSell746$329.82246.05K
2026-05-02REESE DAVID MSell687$329.82226.59K
2026-05-02Miller DerekSell167$329.8255.08K
2026-05-02Miller DerekSell198$329.8265.30K
2026-05-02Khosla RachnaSell117$329.8238.59K
2026-05-02Khosla RachnaSell108$329.8235.62K
2026-05-02Grygiel Nancy A.Sell126$329.8241.56K
2026-05-02Grygiel Nancy A.Sell116$329.8238.26K
2026-05-02Griffith Peter H.Sell746$329.82246.05K
2026-05-02Griffith Peter H.Sell687$329.82226.59K
2026-05-02Graham Jonathan PSell647$329.82213.39K
2026-05-02Graham Jonathan PSell610$329.82201.19K
2026-05-02Gordon MurdoSell830$329.82273.75K
2026-05-02Gordon MurdoSell763$329.82251.65K
2026-05-02Busch Matthew C.Sell30$329.829.89K
2026-05-02Busch Matthew C.Sell38$329.8212.53K
2026-05-02Bradway Robert ASell2.63K$329.82867.76K
2026-05-02Bradway Robert ASell2.43K$329.82800.14K

Institutional holders

Latest filed quarter: Q2 2026.

Institutions holding: 3.25K, holders +7 vs prior quarter. Ownership 85.56%.

HolderSharesChangeChange %Value
BLACKROCK, INC.49.36M2.26M+4.80%17.87B
VANGUARD CAPITAL MANAGEMENT LLC35.25M235.87K+0.67%12.76B
STATE STREET CORP30.56M12.05K+0.04%11.07B
CAPITAL WORLD INVESTORS29.08M-213.01K-0.73%10.53B
INVESCO LTD.16.32M5.01M+44.25%5.91B
GEODE CAPITAL MANAGEMENT, LLC15.70M265.54K+1.72%5.67B
CHARLES SCHWAB INVESTMENT MANAGEMENT INC15.03M2.26M+17.70%5.44B
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P.15.03M15.03MNew5.44B
VANGUARD PORTFOLIO MANAGEMENT LLC14.85M232.22K+1.59%5.38B
MORGAN STANLEY13.65M-2.18M-13.78%4.94B
WELLS FARGO & COMPANY/MN7.24M147.45K+2.08%2.62B
PRIMECAP MANAGEMENT CO/CA/6.76M-2.12M-23.86%2.45B
CAPITAL RESEARCH GLOBAL INVESTORS6.27M-682.72K-9.82%2.27B
NORTHERN TRUST CORP6.20M-16.84K-0.27%2.25B
NORGES BANK5.63M5.63MNew2.04B
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC5.39M605.93K+12.66%1.95B
BANK OF AMERICA CORP /DE/5.06M-62.20K-1.21%1.83B
ROYAL BANK OF CANADA4.33M-142.66K-3.19%1.57B
GOLDMAN SACHS GROUP INC4.13M-89.26K-2.12%1.50B
PRICE T ROWE ASSOCIATES INC /MD/3.96M2.09M+111.92%1.43B
AMUNDI3.89M512.88K+15.19%1.41B
LEGAL & GENERAL GROUP PLC3.82M-53.92K-1.39%1.38B
BANK OF NEW YORK MELLON CORP3.70M-97.86K-2.58%1.34B
JPMORGAN CHASE & CO3.59M-3.69M-50.69%1.29B
FMR LLC3.49M-284.61K-7.54%1.26B

Earnings and financials

Amgen Inc. (AMGN) trades at $449.77, with a market cap of $243.16B and a trailing P/E of 27.62. Revenue below is the annual history on file. It describes what the business has already reported. It is not a forecast and it is not a recommendation.

Financials

2016201720182019202020212022202320242025
22991000000228490000002374700000023362000000254240000002597900000026323000000281900000003342400000036741000000

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Amgen (AMGN) Financials: Revenue & Earnings

AMGN$449.77+1.82 +0.41%

$243.16B

Market Cap

27.62

P/E

19.51

Forward P/E

53

Score

Price History