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Stocks / United States / REGN · Pharmaceutical Preparations · Nasdaq

Regeneron Pharmaceuticals, Inc. (REGN)

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Regeneron Pharmaceuticals, Inc. (REGN) reported revenue of $4.3 billion for Q2 FY2026, the quarter ended 30 June 2026, up 16.7% on the same quarter a year earlier. Net income was $1.3 billion, down 6.8% on the year, and diluted earnings per share $12.23. The figures are the company's own, from the 10-Q it filed with the SEC on 30 July 2026.

Revenue$4.3 billionup 16.7%
Net income$1.3 billiondown 6.8%
Diluted EPS$12.23
QuarterQ2 FY2026ended 30 June 2026

Ratios

From the filings

ROE13.7%
ROCE11.4%
Operating margin24.7%
Net margin27.9%
FCF margin24.2%
Interest cover69.37
Debt to equity0.06
Cash conversion1.08
Share count, 1 yearn/a
Sales CAGR, 3 years5.6%
Profit CAGR, 3 years1.3%
EPS, TTM$40.38

At the close of 21 September 2026

Price$798.17
Market cap$84.6 billion
Stock P/E19.77
Price to book2.67
EV / EBITDA19.25
Dividend yield0.5%
Market cap / sales5.45
52-week high$852.03
52-week low$555.51
Price, 1 year34.8%
Price CAGR, 3 years-1.1%
Price CAGR, 5 years4.3%

Every figure is arithmetic on the filed lines (hover a name for the formula); the priced ones use the latest daily close, CBOE delayed quotes, daily history, by CBOE, for splits. Debt to equity here stands on long-term debt as Regeneron Pharmaceuticals, Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.

Price, 17 September 2021 to 21 September 2026

Daily closes from CBOE delayed quotes, daily history, by CBOE, for splits; the last is 21 September 2026. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on REGN

Filings16 in twelve months: 9 current reports (8-K), about 8 results of operations; 1 shareholder vote; 1 regulation fd disclosure
Planned insider sales13 Form 144 notices in twelve months, $13.0 million; latest 3 September 2026
Options tapeput/call 0.7 by open interest on 23 September 2026; the straddle prices a 2.6% move to 25 September 2026
Holders11 of the followed funds hold it; largest Dodge & Cox; 2 Schedule 13D or 13G filings in twelve months
Insider trading84 sales and 0 purchases on Form 4 in twelve months
Congress1 House trade disclosed in six months
Short interest2.6 million shares short, 3.85 days to cover at 31 August 2026
Documentsthe 10-K, the 10-Qs, the proxy and 5 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue3,3633,4343,1453,5473,7213,7893,0293,6763,7543,8843,6054,291
R&D1,0751,1771,2481,2001,2721,4121,3271,4221,4751,6261,5441,632
SG&A640738689759714792633634658775648662
Operating income1,1119737511,0701,1809905921,0801,0278806431,294
Operating margin33%28%24%30%32%26%20%29%27%23%18%30%
Interest expense17.818.316.114.813.810.58.73.619.312.212.911.0
Pre-tax income1,1111,1487011,6281,4939589051,5191,7631,0448311,528
Tax rate9%-1%-3%12%10%4%11%8%17%19%13%15%
Net income1,0081,1607221,4321,3419188091,3921,4608457271,297
Net margin30%34%23%40%36%24%27%38%39%22%20%30%
Diluted EPS$8.89$10.21$6.27$12.41$11.54$8.12$7.27$12.81$13.62$7.78$6.75$12.23
Operating cash flow1,1141,0901,5123541,2911,2631,0451,1441,6191,1711,079813
Capital expenditure176251134180242200229219201249231240
Free cash flow9388381,3791741,0491,0638169251,417922848573
Buybacks5462892916047359731,0411,0626646727941,169
Dividends paidn/an/a0.00.00.00.093.892.691.292.797.896.8
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Profit and loss, 12 fiscal years and the trailing twelve months

FY2014 FY2015FY2016 FY2017FY2018 FY2019 FY2020 FY2021 FY2022FY2023FY2024FY2025TTM
Revenue2,8204,1044,8605,8725,1466,5588,49716,07212,17313,11714,20214,34315,535
Cost of revenue129242195203238403n/an/an/an/an/an/an/a
Gross profit2,6913,8624,6665,6706,4737,461n/an/an/an/an/an/an/a
Gross margin95.4%94.1%96.0%96.6%125.8%113.8%n/an/an/an/an/an/an/a
Research and development1,2711,6212,0522,0751,4692,4502,6472,8603,5924,4395,1325,8506,276
Selling, general and administrative5198391,1781,3201,1271,3421,3461,8252,1162,6312,9542,7002,743
Operating income8241,2521,3312,0802,5342,2103,5778,9474,7394,0473,9913,5783,843
Operating margin29.2%30.5%27.4%35.4%49.3%33.7%42.1%55.7%38.9%30.9%28.1%24.9%24.7%
Interest expense37.414.27.225.128.230.256.957.359.473.055.243.855.4
Pre-tax income7611,2251,3302,0792,5542,4293,8109,3264,8594,1994,7805,2315,166
Income tax4235894348801093132971,250520246367726837
Effective tax rate55.6%48.1%32.7%42.3%4.3%12.9%7.8%13.4%10.7%5.9%7.7%13.9%16.2%
Net income3386368961,1992,4442,1163,5138,0754,3383,9544,4134,5054,329
Net margin12.0%15.5%18.4%20.4%47.5%32.3%41.3%50.2%35.6%30.1%31.1%31.4%27.9%
Diluted EPS$3.07$5.52$7.70$10.34$21.29$18.46$30.52$71.97$38.22$34.77$38.34$41.48$40.38
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

Income statement lines from each year's 10-K, the year linked to its filing; TTM is the sum of the last four quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Cash flow and capital returned

FY2014 FY2015FY2016 FY2017FY2018 FY2019 FY2020 FY2021 FY2022FY2023FY2024FY2025TTM
Operating cash flow7521,3311,4861,3072,1952,4302,6187,0815,0154,5944,4204,9794,681
Capital expenditure333678512273383430615552590719756898921
Free cash flow4196539741,0341,8122,0002,0046,5294,4253,8753,6654,0803,760
Free cash flow margin14.9%15.9%20.0%17.6%35.2%30.5%23.6%40.6%36.3%29.5%25.8%28.4%24.2%
Depreciation and amortisation52.774.9105145148210236286341421483544529
Share-based compensation322459560507427464432602725885983994987
Buybacksn/an/a0.00.04.42765,8471,6452,0832,2352,6033,4393,299
Dividends paidn/an/an/an/an/an/an/an/an/a0.00.0370378
Dividend per sharen/an/an/an/an/an/an/an/an/an/an/an/a$3.64
Diluted shares, weighted113m115m116m116m115m115m115m112m114m114m115m109m106m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

Buybacks and dividends are the cash paid in the year, from the cash flow statement; the dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014 FY2015FY2016 FY2017FY2018 FY2019 FY2020 FY2021 FY2022FY2023FY2024FY2025TTM
Total assets3,8385,6096,9738,76411,73414,80517,16325,43529,21433,08037,75940,55941,731
Cash and equivalents6498095358131,4681,6182,1942,8863,1062,7302,4883,1182,456
Receivables7391,1521,3431,5391,7242,1004,1156,0365,3295,6676,2125,7416,565
Inventory1292393997261,1511,4161,9171,9512,4022,5803,0873,2013,084
Long-term debtn/an/an/an/an/a0.01,9781,9801,9811,9831,9841,9861,987
Borrowings, as the company tags them7.5n/an/an/an/an/an/an/an/an/an/an/an/a
Operating lease liabilitiesn/an/an/an/an/an/an/an/a55.868.7204229n/a
Finance lease liabilitiesn/an/an/an/an/a7147170.07207207207200.0
Shareholders' equity2,5503,6554,4496,1448,75711,09011,02518,76922,66425,97329,35431,25731,711
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

At the fiscal year end; the TTM column is the latest quarter end. A line the company does not tag under the usual name is left out.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded13.3%11.0%5.6%9.3%
Profit growth, compounded21.6%5.1%1.3%-2.9%
Return on equity, average22.5%21.4%14.9%14.4%

Compounded growth is the latest fiscal year over the year that many years earlier, annualised; the TTM column is the last four quarters over the four before. Return on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Pharmaceutical Preparations

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Eli Lilly & Co. LLY$1.10 trillion39.0978.8%n/a49.6%1.410.5%
Johnson & Johnson JNJ$649.4 billion31.3024.8%n/a8.1%0.441.9%
ABBVIE Inc. ABBV$467.4 billion74.71n/a26.2%10.4%n/a2.6%
Merck & Co., Inc. MRK$368.8 billion119.607.6%n/a4.6%1.292.2%
Abbott Laboratories ABT$179.4 billion28.8512.1%17.1%6.6%0.572.3%
Pfizer Inc. PFE$158.1 billion36.505.1%n/a-0.2%0.716.2%
Vertex Pharmaceuticals Inc. / MA VRTX$129.4 billion29.7421.8%38.0%10.2%0.00n/a
Bristol-Myers Squibb Co. BMY$127.9 billion13.7641.6%24.2%3.1%1.924.0%
Regeneron Pharmaceuticals, Inc. REGN$84.6 billion19.7713.7%24.7%9.3%0.060.5%
Zoetis Inc. ZTS$29.5 billion11.7583.1%n/a1.4%2.872.8%
Viatris Inc. VTRS$19.6 billionn/a-2.9%-0.6%4.4%0.812.8%

The names on this site in the same industry (the SEC's SIC description), by market capitalisation. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close.

Filings

FilingPeriodFiledWhere
10-Q30 June 202630 July 2026EDGAR
10-Q31 March 202629 April 2026EDGAR
10-K31 December 20254 February 2026EDGAR
10-Q30 September 202528 October 2025EDGAR
10-Q30 June 20251 August 2025EDGAR
10-Q31 March 202529 April 2025EDGAR
10-K31 December 20245 February 2025EDGAR
10-Q30 September 202431 October 2024EDGAR
10-Q30 June 20241 August 2024EDGAR
10-Q31 March 20242 May 2024EDGAR

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