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Stocks / United States / VRTX · Pharmaceutical Preparations · Nasdaq

Vertex Pharmaceuticals Inc. / MA (VRTX)

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Vertex Pharmaceuticals Inc. / MA (VRTX) reported revenue of $3.3 billion for Q2 FY2026, the quarter ended 30 June 2026, up 12.5% on the same quarter a year earlier. Net income was $1.1 billion, up 6.5% on the year, and diluted earnings per share $4.31. The figures are the company's own, from the 10-Q it filed with the SEC on 4 August 2026.

Revenue$3.3 billionup 12.5%
Net income$1.1 billionup 6.5%
Diluted EPS$4.31
QuarterQ2 FY2026ended 30 June 2026

Ratios

From the filings

ROE21.8%
ROCE23.6%
Operating margin38.0%
Net margin35.0%
FCF margin30.2%
Interest covern/a
Debt to equity0.00
Cash conversion0.97
Share count, 1 year-1.1%
Sales CAGR, 3 years10.4%
Profit CAGR, 3 years6.0%
EPS, TTM$17.17

At the close of 21 September 2026

Price$510.72
Market cap$129.4 billion
Stock P/E29.74
Price to book6.39
EV / EBITDA24.65
Dividend yieldn/a
Market cap / sales10.28
52-week high$557.96
52-week low$376.62
Price, 1 year33.3%
Price CAGR, 3 years13.5%
Price CAGR, 5 years22.6%

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 the borrowings Vertex Pharmaceuticals Inc. / MA reports under its own heading, at the balance sheet of 31 December 2016, the latest that carries it, which is the only one it files; lease liabilities are separate lines. 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 VRTX

Filings18 in twelve months: 9 current reports (8-K), about 4 results of operations; 3 officer or director change; 2 other events; 1 material agreement; 1 regulation fd disclosure
Planned insider sales58 Form 144 notices in twelve months, $158.1 million; latest 27 August 2026
Options tapeput/call 0.96 by open interest on 23 September 2026; the straddle prices a 2.7% move to 25 September 2026
Holders11 of the followed funds hold it; largest Capital Research Global Investors; 5 Schedule 13D or 13G filings in twelve months
Insider trading55 sales and 0 purchases on Form 4 in twelve months
Congress1 House trade disclosed in six months
Short interest4.7 million shares short, 4.51 days to cover at 31 August 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 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
Revenue2,4842,5182,6912,6462,7722,9122,7702,9653,0763,1902,9873,334
Cost of revenue319368343372393423363408415466393489
Gross profit2,1652,1502,3482,2742,3792,4892,4072,5572,6622,7242,5942,845
Gross margin87%85%87%86%86%85%87%86%87%85%87%85%
R&D810825789967876999980978978974962994
SG&A264369343372372378396425445487494582
Operating income1,0389881,140-3,5151,1161,0266301,1511,1861,2061,1381,247
Operating margin42%39%42%-133%40%35%23%39%39%38%38%37%
Interest expense10.9n/a10.49.97.52.83.03.73.33.3n/an/a
Pre-tax income1,1791,1481,279-3,3911,2241,1367301,2831,2991,3311,2531,392
Tax rate12%16%14%n/a15%20%12%19%17%11%18%21%
Net income1,0359691,100-3,5941,0459136461,0331,0831,1911,0311,100
Net margin42%38%41%-136%38%31%23%35%35%37%35%33%
Diluted EPS$3.97$3.71$4.21-$13.92$4.01$3.62$2.49$3.99$4.20$4.64$4.02$4.31
Operating cash flow1,2682351,307-3,7541,3705858191,0731,2414981,4281,125
Capital expenditure40.658.168.469.067.792.640.7146102149133112
Free cash flow1,2281761,238-3,8231,3024927789271,1403491,2951,013
Buybacks1171501313203084184263921,071128337470
Shares outstanding258m258m258m258m258m257m257m256m254m254m254m253m
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 FY2015 FY2016 FY2017 FY2018FY2019 FY2020FY2021FY2022FY2023FY2024FY2025TTM
Revenue5801,0321,7022,4893,0484,1636,2067,5748,9319,86911,02012,00112,587
Cost of revenue39.71172102754105487369041,0801,2621,5301,6511,763
Gross profit5419151,4922,2142,6383,6155,4696,6707,8508,6079,49010,35010,824
Gross margin93.2%88.7%87.6%88.9%86.6%86.8%88.1%88.1%87.9%87.2%86.1%86.2%86.0%
Research and development8569961,0481,3251,4161,7551,8303,0512,5403,1633,6303,9103,907
Selling, general and administrative3053774334965586587708409451,1371,4641,7532,008
Operating income-692-4679.91236351,1982,8562,7824,3073,832-2334,1734,777
Operating margin-119.3%-45.2%0.6%5.0%20.8%28.8%46.0%36.7%48.2%38.8%-2.1%34.8%38.0%
Interest expensen/an/an/a69.372.558.558.2n/a54.844.130.613.3n/a
Pre-tax income-735-558-67.4-15.76001,3953,1172,7304,2324,3802484,6435,274
Income tax7.030.416.7-107-1,487218405388910760784690869
Effective tax raten/an/an/an/a-247.7%15.6%13.0%14.2%21.5%17.4%315.5%14.9%16.5%
Net income-739-556-1122632,0971,1772,7122,3423,3223,620-5363,9534,405
Net margin-127.2%-53.9%-6.6%10.6%68.8%28.3%43.7%30.9%37.2%36.7%-4.9%32.9%35.0%
Diluted EPS-$3.14-$2.31-$0.46$1.04$8.09$4.51$10.29$9.01$12.82$13.89-$2.08$15.32$17.17
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 FY2015 FY2016 FY2017 FY2018FY2019 FY2020FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow-573-3652368451,2701,5693,2542,6444,1303,537-4933,6314,293
Capital expenditure51.245.356.699.495.575.5260235205200298438497
Free cash flow-624-4111807461,1751,4942,9942,4083,9253,337-7903,1943,796
Free cash flow margin-107.6%-39.8%10.5%30.0%38.5%35.9%48.2%31.8%44.0%33.8%-7.2%26.6%30.2%
Depreciation and amortisation63.362.361.461.472.4107110126148181207210222
Share-based compensation178231241293325360429441491581698686689
Buybacksn/an/a0.00.03501865391,4250.04281,1772,0172,006
Diluted shares, weighted235m241m245m253m259m261m263m260m259m260m258m258m255m
Shares outstanding at period end242m246m248m253m255m259m260m254m257m258m257m254m253m
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 FY2015 FY2016 FY2017 FY2018FY2019 FY2020FY2021FY2022FY2023FY2024FY2025TTM
Total assets2,3352,4992,8973,5466,2468,31811,75213,43218,15122,73022,53325,64327,423
Cash and equivalents6257151,1841,6652,6503,1095,9886,79510,50410,3694,5705,0856,144
Receivables76.01742002814106348851,1371,4421,5631,6092,0532,134
Inventory30.857.277.61121241682813534617391,2051,6871,765
Goodwill39.950.450.450.450.41,0021,0021,0021,0881,0881,0881,0881,088
Borrowings, as the company tags them2812240.0n/an/an/an/an/an/an/an/an/an/a
Operating lease liabilitiesn/an/an/an/an/a84.33503773803491,5441,8461,978
Finance lease liabilitiesn/an/an/an/an/a539539510431376113107n/a
Shareholders' equity1,0759401,1572,0294,4356,0858,68710,10013,91317,58016,41018,66620,248
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, compounded27.8%14.1%10.4%10.2%
Profit growth, compoundedn/a7.8%6.0%21.1%
Return on equity, average18.7%17.1%12.8%21.2%

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 20264 August 2026EDGAR
10-Q31 March 20265 May 2026EDGAR
10-K31 December 202513 February 2026EDGAR
10-Q30 September 20254 November 2025EDGAR
10-Q30 June 20255 August 2025EDGAR
10-Q31 March 20256 May 2025EDGAR
10-K31 December 202413 February 2025EDGAR
10-Q30 September 20245 November 2024EDGAR
10-Q30 June 20242 August 2024EDGAR
10-Q31 March 20247 May 2024EDGAR

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