BIOGEN INC.
BIIB Health Care · Pharmaceuticals & BiotechnologyEach grade is a single reported quarter's assessment, never an average — a card shows the grade at the newest quarter in view, so it follows the period and range controls above. Latest scored quarter: 2026-06-30.
▼−5 over range · as of 2026-06-30
Revenue +3.4% YoY, earnings -84.6% YoY · sector avg 66
▲+12 over range · as of 2026-06-30
3.6% net margin, 4% return on equity, 27% free-cash-flow margin, profitable in 7 of last 8 quarters · sector avg 45
▼−14 over range · as of 2026-06-30
Net debt 3.2x EBITDA, 1.9x current ratio · sector avg 59
Latest quarter · ending 2026-06-30 · green = improving · click a row to chart it
Revenue $2.7B +10.4% Gross margin 71.6% −1.7pp Operating margin — — Net margin 3.6% −9.3pp Net income $97.5M −69.5%Filings
16-09 → 26-06 · following the period bar 10 match| Year | Q1 | Q2 | Q3 | FY |
|---|---|---|---|---|
| 2026 | 10-Q Q1 2026 | no filing | no filing | no filing |
| 2025 | 10-Q Q1 2025 | 10-Q Q2 2025 | 10-Q Q3 2025 | 10-K FY 2025 |
| 2024 | 10-Q Q1 2024 | 10-Q Q2 2024 | 10-Q Q3 2024 | 10-K FY 2024 |
| 2023 | 10-Q Q1 2023 | 10-Q Q2 2023 | 10-Q Q3 2023 | 10-K FY 2023 |
| 2022 | 10-Q Q1 2022 | no filing | 10-Q Q3 2022 | 10-K FY 2022 |
| 2021 | 10-Q Q1 2021 | 10-Q Q2 2021 | 10-Q Q3 2021 | 10-K FY 2021 |
| 2020 | 10-Q Q1 2020 | 10-Q Q2 2020 | 10-Q Q3 2020 | 10-K FY 2020 |
| 2019 | no filing | no filing | 10-Q Q3 2019 | 10-K FY 2019 |
All 10 filings
10-K FY 2019 2020-02-06 Pro → 10-K FY 2018 2019-02-06 Pro → 10-K FY 2017 2018-02-01 Pro → 10-K FY 2016 2017-02-02 Pro →Filing-level fact detail is a Pro feature. The grades and figures above are free. See Pro plans
Trends
| Period | Period end | Revenue |
|---|---|---|
| 16-09 | 2016-09-30 | $3.0B |
| 16-12 | 2016-12-31 | $2.9B |
| 17-03 | 2017-03-31 | $2.8B |
| 17-06 | 2017-06-30 | $3.1B |
| 17-09 | 2017-09-30 | $3.1B |
| 17-12 | 2017-12-31 | $3.3B |
| 18-03 | 2018-03-31 | $3.1B |
| 18-06 | 2018-06-30 | $3.4B |
| 18-09 | 2018-09-30 | $3.4B |
| 18-12 | 2018-12-31 | $3.5B |
| 19-03 | 2019-03-31 | $3.5B |
| 19-06 | 2019-06-30 | $3.6B |
| 19-09 | 2019-09-30 | $3.6B |
| 19-12 | 2019-12-31 | $3.7B |
| 20-03 | 2020-03-31 | $3.5B |
| 20-06 | 2020-06-30 | $3.7B |
| 20-09 | 2020-09-30 | $3.4B |
| 20-12 | 2020-12-31 | $2.9B |
| 21-03 | 2021-03-31 | $2.7B |
| 21-06 | 2021-06-30 | $2.8B |
| 21-09 | 2021-09-30 | $2.8B |
| 21-12 | 2021-12-31 | $2.7B |
| 22-03 | 2022-03-31 | $2.5B |
| 22-06 | 2022-06-30 | $2.6B |
| 22-09 | 2022-09-30 | $2.5B |
| 22-12 | 2022-12-31 | $2.5B |
| 23-03 | 2023-03-31 | $2.5B |
| 23-06 | 2023-06-30 | $2.5B |
| 23-09 | 2023-09-30 | $2.5B |
| 23-12 | 2023-12-31 | $2.4B |
| 24-03 | 2024-03-31 | $2.3B |
| 24-06 | 2024-06-30 | $2.5B |
| 24-09 | 2024-09-30 | $2.5B |
| 24-12 | 2024-12-31 | $2.5B |
| 25-03 | 2025-03-31 | $2.4B |
| 25-06 | 2025-06-30 | $2.6B |
| 25-09 | 2025-09-30 | $2.5B |
| 25-12 | 2025-12-31 | $2.3B |
| 26-03 | 2026-03-31 | $2.5B |
| 26-06 | 2026-06-30 | $2.7B |
| Period | Period end | Net income |
|---|---|---|
| 16-09 | 2016-09-30 | $1.0B |
| 16-12 | 2016-12-31 | $649.2M |
| 17-03 | 2017-03-31 | $747.6M |
| 17-06 | 2017-06-30 | $862.8M |
| 17-09 | 2017-09-30 | $1.2B |
| 17-12 | 2017-12-31 | -$297.4M |
| 18-03 | 2018-03-31 | $1.2B |
| 18-06 | 2018-06-30 | $866.6M |
| 18-09 | 2018-09-30 | $1.4B |
| 18-12 | 2018-12-31 | $946.8M |
| 19-03 | 2019-03-31 | $1.4B |
| 19-06 | 2019-06-30 | $1.5B |
| 19-09 | 2019-09-30 | $1.5B |
| 19-12 | 2019-12-31 | $1.4B |
| 20-03 | 2020-03-31 | $1.4B |
| 20-06 | 2020-06-30 | $1.5B |
| 20-09 | 2020-09-30 | $701.5M |
| 20-12 | 2020-12-31 | $357.9M |
| 21-03 | 2021-03-31 | $410.2M |
| 21-06 | 2021-06-30 | $448.5M |
| 21-09 | 2021-09-30 | $329.2M |
| 21-12 | 2021-12-31 | $368.2M |
| 22-03 | 2022-03-31 | $303.8M |
| 22-06 | 2022-06-30 | $1.1B |
| 22-09 | 2022-09-30 | $1.1B |
| 22-12 | 2022-12-31 | $550.4M |
| 23-03 | 2023-03-31 | $387.9M |
| 23-06 | 2023-06-30 | $591.6M |
| 23-09 | 2023-09-30 | -$68.1M |
| 23-12 | 2023-12-31 | $249.7M |
| 24-03 | 2024-03-31 | $393.4M |
| 24-06 | 2024-06-30 | $583.6M |
| 24-09 | 2024-09-30 | $388.5M |
| 24-12 | 2024-12-31 | $266.7M |
| 25-03 | 2025-03-31 | $240.5M |
| 25-06 | 2025-06-30 | $634.8M |
| 25-09 | 2025-09-30 | $466.5M |
| 25-12 | 2025-12-31 | -$48.9M |
| 26-03 | 2026-03-31 | $319.5M |
| 26-06 | 2026-06-30 | $97.5M |
| Period | Period end | Operating income |
|---|---|---|
| 16-09 | 2016-09-30 | not reported |
| 16-12 | 2016-12-31 | not reported |
| 17-03 | 2017-03-31 | not reported |
| 17-06 | 2017-06-30 | not reported |
| 17-09 | 2017-09-30 | not reported |
| 17-12 | 2017-12-31 | not reported |
| 18-03 | 2018-03-31 | not reported |
| 18-06 | 2018-06-30 | not reported |
| 18-09 | 2018-09-30 | $1.7B |
| 18-12 | 2018-12-31 | not reported |
| 19-03 | 2019-03-31 | $1.5B |
| 19-06 | 2019-06-30 | $2.0B |
| 19-09 | 2019-09-30 | $1.8B |
| 19-12 | 2019-12-31 | $1.8B |
| 20-03 | 2020-03-31 | $1.8B |
| 20-06 | 2020-06-30 | $2.0B |
| 20-09 | 2020-09-30 | $1.1B |
| 20-12 | 2020-12-31 | -$330.7M |
| 21-03 | 2021-03-31 | $973.9M |
| 21-06 | 2021-06-30 | $485.7M |
| 21-09 | 2021-09-30 | $794.0M |
| 21-12 | 2021-12-31 | $587.1M |
| 22-03 | 2022-03-31 | $610.7M |
| 22-06 | 2022-06-30 | not reported |
| 22-09 | 2022-09-30 | not reported |
| 22-12 | 2022-12-31 | not reported |
| 23-03 | 2023-03-31 | not reported |
| 23-06 | 2023-06-30 | not reported |
| 23-09 | 2023-09-30 | not reported |
| 23-12 | 2023-12-31 | not reported |
| 24-03 | 2024-03-31 | not reported |
| 24-06 | 2024-06-30 | not reported |
| 24-09 | 2024-09-30 | not reported |
| 24-12 | 2024-12-31 | not reported |
| 25-03 | 2025-03-31 | not reported |
| 25-06 | 2025-06-30 | not reported |
| 25-09 | 2025-09-30 | not reported |
| 25-12 | 2025-12-31 | not reported |
| 26-03 | 2026-03-31 | not reported |
| 26-06 | 2026-06-30 | not reported |
Grade history
Point-in-time: each period shows the grade of the quarter it ends at — grades are never summed or averaged across a window.
Hover to read every grade at a period · shared with the trends chart · axis fixed 0–100
| Period | Period end | Growth | Quality | Safety |
|---|---|---|---|---|
| 16-09 | 2016-09-30 | not scored | not scored | not scored |
| 16-12 | 2016-12-31 | not scored | not scored | not scored |
| 17-03 | 2017-03-31 | not scored | not scored | not scored |
| 17-06 | 2017-06-30 | not scored | not scored | not scored |
| 17-09 | 2017-09-30 | not scored | not scored | not scored |
| 17-12 | 2017-12-31 | not scored | not scored | not scored |
| 18-03 | 2018-03-31 | not scored | not scored | not scored |
| 18-06 | 2018-06-30 | not scored | not scored | not scored |
| 18-09 | 2018-09-30 | not scored | not scored | not scored |
| 18-12 | 2018-12-31 | not scored | not scored | not scored |
| 19-03 | 2019-03-31 | not scored | not scored | not scored |
| 19-06 | 2019-06-30 | not scored | not scored | not scored |
| 19-09 | 2019-09-30 | not scored | not scored | not scored |
| 19-12 | 2019-12-31 | not scored | not scored | not scored |
| 20-03 | 2020-03-31 | not scored | not scored | not scored |
| 20-06 | 2020-06-30 | not scored | not scored | not scored |
| 20-09 | 2020-09-30 | not scored | not scored | not scored |
| 20-12 | 2020-12-31 | not scored | not scored | not scored |
| 21-03 | 2021-03-31 | not scored | not scored | not scored |
| 21-06 | 2021-06-30 | not scored | not scored | not scored |
| 21-09 | 2021-09-30 | not scored | not scored | not scored |
| 21-12 | 2021-12-31 | not scored | not scored | not scored |
| 22-03 | 2022-03-31 | not scored | not scored | not scored |
| 22-06 | 2022-06-30 | not scored | not scored | not scored |
| 22-09 | 2022-09-30 | not scored | not scored | not scored |
| 22-12 | 2022-12-31 | not scored | not scored | not scored |
| 23-03 | 2023-03-31 | not scored | not scored | not scored |
| 23-06 | 2023-06-30 | not scored | not scored | not scored |
| 23-09 | 2023-09-30 | 20 | 23 | 57 |
| 23-12 | 2023-12-31 | 13 | 32 | 67 |
| 24-03 | 2024-03-31 | 29 | 46 | 52 |
| 24-06 | 2024-06-30 | 29 | 49 | 75 |
| 24-09 | 2024-09-30 | 48 | 51 | 31 |
| 24-12 | 2024-12-31 | 38 | 49 | 49 |
| 25-03 | 2025-03-31 | 38 | 46 | 50 |
| 25-06 | 2025-06-30 | 48 | 48 | 72 |
| 25-09 | 2025-09-30 | 44 | 56 | 74 |
| 25-12 | 2025-12-31 | 4 | 29 | 77 |
| 26-03 | 2026-03-31 | 41 | 44 | 77 |
| 26-06 | 2026-06-30 | 15 | 35 | 43 |