AMGEN INC (AMGN) closed fiscal year 2025 with a gross margin of 67.2 % and a net margin of 21.0 %.
AMGEN INC (AMGN) closed fiscal year 2025 with a gross margin of 67.2 % and a net margin of 21.0 %. The same year shows an EBITDA margin of 38.8 % and an EBIT margin of 24.7 %. The free cash flow margin was 22.0 %. Against the previous year the gross margin moved +5.7 pp and the net margin +8.7 pp. Across the period the gross margin ranges between 61.5 % in 2024 and 82.7 % in 2018. The series covers 19 fiscal years, from 2007 to 2025. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: December
| 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | — | — | — | — | 82.62 % | 81.47 % | 82.08 % | 77.96 % | 80.49 % | 81.90 % | 82.19 % | 82.73 % | 81.35 % | 75.77 % | 75.16 % | 75.66 % | 70.02 % | 61.53 % | 67.25 % |
| EBITDA margin (%) | 35.08 % | 41.90 % | 44.77 % | 43.59 % | 34.48 % | 38.60 % | 38.30 % | 41.28 % | 48.83 % | 51.76 % | 52.20 % | 51.41 % | 50.85 % | 50.11 % | 42.48 % | 49.32 % | 42.45 % | 38.45 % | 38.77 % |
| EBIT margin (%) | 26.94 % | 34.75 % | 37.60 % | 36.84 % | 27.67 % | 32.30 % | 31.41 % | 30.86 % | 39.10 % | 42.60 % | 43.65 % | 43.22 % | 41.41 % | 35.95 % | 29.40 % | 36.34 % | 28.01 % | 21.71 % | 24.71 % |
| Net margin (%) | 20.84 % | 27.01 % | 31.45 % | 30.74 % | 23.64 % | 25.17 % | 27.21 % | 25.71 % | 32.03 % | 33.59 % | 8.66 % | 35.35 % | 33.57 % | 28.57 % | 22.68 % | 24.89 % | 23.83 % | 12.24 % | 20.98 % |
| FCF margin (%) | 27.99 % | 35.43 % | 39.65 % | 34.59 % | 29.21 % | 30.08 % | 29.97 % | 41.04 % | 42.18 % | 41.83 % | 46.01 % | 44.46 % | 36.52 % | 38.90 % | 32.26 % | 33.37 % | 26.11 % | 31.10 % | 22.04 % |
