Stock Analysis on Net
Stock Analysis on Net

Biogen Inc. (NASDAQ:BIIB)

$22.49

This company has been moved to the archive! The financial data has not been updated since October 25, 2022.

Net Profit Margin
since 2005

Microsoft Excel

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Calculation

Biogen Inc., net profit margin, long-term trends, calculation

Microsoft Excel
Net profit margin = 100 × Net income attributable to Biogen Inc.1 ÷ Revenues1
Dec 31, 2021 = 100 × ÷
Dec 31, 2020 = 100 × ÷
Dec 31, 2019 = 100 × ÷
Dec 31, 2018 = 100 × ÷
Dec 31, 2017 = 100 × ÷
Dec 31, 2016 = 100 × ÷
Dec 31, 2015 = 100 × ÷
Dec 31, 2014 = 100 × ÷
Dec 31, 2013 = 100 × ÷
Dec 31, 2012 = 100 × ÷
Dec 31, 2011 = 100 × ÷
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Dec 31, 2008 = 100 × ÷
Dec 31, 2007 = 100 × ÷
Dec 31, 2006 = 100 × ÷
Dec 31, 2005 = 100 × ÷

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$ in thousands

Net Income Attributable to Biogen Inc.
The net income showed a consistent upward trend from 2005 through 2014, rising from approximately $161 million to around $3.5 billion. This growth was particularly pronounced between 2011 and 2014. After peaking in 2015 and 2016 at around $3.7 billion, net income experienced volatility with a significant dip in 2017 to $2.54 billion, followed by a strong recovery in 2018 and 2019, reaching the highest value of roughly $5.89 billion in 2019. However, this peak was followed by a noticeable decline in the subsequent years, dropping to $4.0 billion in 2020 and further to about $1.56 billion in 2021.
Revenues
Revenues exhibited steady growth from 2005 to 2014, increasing from approximately $2.42 billion to $10.76 billion. The increase accelerated significantly after 2011, with revenues surpassing $13 billion in 2018 and reaching their highest level of about $14.38 billion in 2019. Afterward, revenues declined to approximately $13.45 billion in 2020 and further to $10.98 billion in 2021, indicating a reversal in the previous growth trend during these two years.
Net Profit Margin
The net profit margin improved substantially over the decade, starting at 6.63% in 2005 and reaching over 30% from 2013 to 2016, peaking at 32.95% in 2014. Thereafter, it showed fluctuations, with a marked decrease to 20.69% in 2017, followed by a rebound to 32.93% in 2018 and its highest margin of 40.96% in 2019. The margin then declined noticeably in the last two years of the data, dropping to 29.76% in 2020 and further to 14.17% in 2021. This decline corresponds with the decreases observed in net income and revenues in the same period.
Overall Insights
The data reveals a period of strong financial growth from 2005 to 2014, characterized by increasing revenues, net income, and improving profit margins. The company reached its peak financial performance around 2019, followed by a marked downturn in 2020 and 2021. The declines in net income and revenues during these years, alongside the decreasing profit margins, suggest challenges impacting profitability and top-line growth, potentially warranting further investigation into underlying causes.

Comparison to Competitors

Biogen Inc., net profit margin, long-term trends, comparison to competitors

Microsoft Excel
Biogen Inc. AbbVie Inc. Amgen Inc. Bristol-Myers Squibb Co. Danaher Corp. Eli Lilly & Co. Gilead Sciences Inc. Johnson & Johnson Merck & Co. Inc. Pfizer Inc. Regeneron Pharmaceuticals Inc. Thermo Fisher Scientific Inc. Vertex Pharmaceuticals Inc.
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Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

Comparison to Sector (Pharmaceuticals, Biotechnology & Life Sciences)

Biogen Inc., net profit margin, long-term trends, comparison to sector (pharmaceuticals, biotechnology & life sciences)

Microsoft Excel
Biogen Inc. Pharmaceuticals, Biotechnology & Life Sciences
Dec 31, 2021
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Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

Comparison to Industry (Health Care)

Biogen Inc., net profit margin, long-term trends, comparison to industry (health care)

Microsoft Excel
Biogen Inc. Health Care
Dec 31, 2021
Dec 31, 2020
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Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).