Biogen Inc. (BIIB)

Annual Data

Quarterly Data

Profitability ratios measure the company's ability to generate profitable sales from its resources (assets).

Biogen Inc., profitability ratios

	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013
Return on Sales
Gross profit margin	%	%	%	%	%
Operating profit margin	%	%	%	%	%
Net profit margin	%	%	%	%	%
Return on Investment
Return on equity (ROE)	%	%	%	%	%
Return on assets (ROA)	%	%	%	%	%

Source: Based on data from Biogen Inc. Annual Reports

Ratio	Description	The company
Gross profit margin	Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures.	Biogen Inc.'s gross profit margin deteriorated from 2015 to 2016 and from 2016 to 2017.
Operating profit margin	A profitability ratio calculated as operating income divided by revenue.	Biogen Inc.'s operating profit margin deteriorated from 2015 to 2016 and from 2016 to 2017.
Net profit margin	An indicator of profitability, calculated as net income divided by revenue.	Biogen Inc.'s net profit margin deteriorated from 2015 to 2016 and from 2016 to 2017.
ROE	A profitability ratio calculated as net income divided by shareholders' equity.	Biogen Inc.'s ROE deteriorated from 2015 to 2016 and from 2016 to 2017.
ROA	A profitability ratio calculated as net income divided by total assets.	Biogen Inc.'s ROA deteriorated from 2015 to 2016 and from 2016 to 2017.

Biogen Inc., gross profit margin calculation

	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013
Selected Financial Data (USD $ in thousands)
Gross profit
Revenues
Ratio
Gross profit margin¹	%	%	%	%	%
Benchmarks
Gross Profit Margin, Competitors
Abbott Laboratories	%	%	%	%	%
AbbVie Inc.	%	%	%	%	%
Allergan PLC	%	%	%	%	%
Amgen Inc.	%	%	%	%	%
Bristol-Myers Squibb Co.	%	%	%	%	%
Celgene Corp.	%	%	%	%	%
Eli Lilly & Co.	%	%	%	%	%
Gilead Sciences Inc.	%	%	%	%	%
Johnson & Johnson	%	%	%	%	%
Merck & Co. Inc.	%	%	%	%	%
Pfizer Inc.	%	%	%	%	%
Regeneron Pharmaceuticals Inc.	%	%	%	%	%

Source: Based on data from Biogen Inc. Annual Reports

2017 Calculations

¹ Gross profit margin = 100 × Gross profit ÷ Revenues
= 100 × hidden ÷ hidden = hidden %

Ratio	Description	The company
Gross profit margin	Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures.	Biogen Inc.'s gross profit margin deteriorated from 2015 to 2016 and from 2016 to 2017.

Biogen Inc., operating profit margin calculation, comparison to benchmarks

	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013
Selected Financial Data (USD $ in thousands)
Income from operations
Revenues
Ratio
Operating profit margin¹	%	%	%	%	%
Benchmarks
Operating Profit Margin, Competitors
Abbott Laboratories	%	%	%	%	%
AbbVie Inc.	%	%	%	%	%
Allergan PLC	%	%	%	%	%
Amgen Inc.	%	%	%	%	%
Bristol-Myers Squibb Co.	%	%	%	%	%
Celgene Corp.	%	%	%	%	%
Eli Lilly & Co.	%	%	%	%	%
Gilead Sciences Inc.	%	%	%	%	%
Johnson & Johnson	%	%	%	%	%
Merck & Co. Inc.	%	%	%	%	%
Pfizer Inc.	%	%	%	%	%
Regeneron Pharmaceuticals Inc.	%	%	%	%	%
Operating Profit Margin, Sector
Pharmaceuticals & Biotechnology	%	%	%	%	%
Operating Profit Margin, Industry
Health Care	%	%	%	%	%

Source: Based on data from Biogen Inc. Annual Reports

2017 Calculations

¹ Operating profit margin = 100 × Income from operations ÷ Revenues
= 100 × hidden ÷ hidden = hidden %

Ratio	Description	The company
Operating profit margin	A profitability ratio calculated as operating income divided by revenue.	Biogen Inc.'s operating profit margin deteriorated from 2015 to 2016 and from 2016 to 2017.

Biogen Inc., net profit margin calculation, comparison to benchmarks

	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013
Selected Financial Data (USD $ in thousands)
Net income attributable to Biogen Inc.
Revenues
Ratio
Net profit margin¹	%	%	%	%	%
Benchmarks
Net Profit Margin, Competitors
Abbott Laboratories	%	%	%	%	%
AbbVie Inc.	%	%	%	%	%
Allergan PLC	%	%	%	%	%
Amgen Inc.	%	%	%	%	%
Bristol-Myers Squibb Co.	%	%	%	%	%
Celgene Corp.	%	%	%	%	%
Eli Lilly & Co.	%	%	%	%	%
Gilead Sciences Inc.	%	%	%	%	%
Johnson & Johnson	%	%	%	%	%
Merck & Co. Inc.	%	%	%	%	%
Pfizer Inc.	%	%	%	%	%
Regeneron Pharmaceuticals Inc.	%	%	%	%	%
Net Profit Margin, Sector
Pharmaceuticals & Biotechnology	%	%	%	%	%
Net Profit Margin, Industry
Health Care	%	%	%	%	%

Source: Based on data from Biogen Inc. Annual Reports

2017 Calculations

¹ Net profit margin = 100 × Net income attributable to Biogen Inc. ÷ Revenues
= 100 × hidden ÷ hidden = hidden %

Ratio	Description	The company
Net profit margin	An indicator of profitability, calculated as net income divided by revenue.	Biogen Inc.'s net profit margin deteriorated from 2015 to 2016 and from 2016 to 2017.

Biogen Inc., ROE calculation, comparison to benchmarks

	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013
Selected Financial Data (USD $ in thousands)
Net income attributable to Biogen Inc.
Total Biogen Inc. shareholders' equity
Ratio
ROE¹	%	%	%	%	%
Benchmarks
ROE, Competitors
Abbott Laboratories	%	%	%	%	%
AbbVie Inc.	%	%	%	%	%
Allergan PLC	%	%	%	%	%
Amgen Inc.	%	%	%	%	%
Bristol-Myers Squibb Co.	%	%	%	%	%
Celgene Corp.	%	%	%	%	%
Eli Lilly & Co.	%	%	%	%	%
Gilead Sciences Inc.	%	%	%	%	%
Johnson & Johnson	%	%	%	%	%
Merck & Co. Inc.	%	%	%	%	%
Pfizer Inc.	%	%	%	%	%
Regeneron Pharmaceuticals Inc.	%	%	%	%	%
ROE, Sector
Pharmaceuticals & Biotechnology	%	%	%	%	%
ROE, Industry
Health Care	%	%	%	%	%

Source: Based on data from Biogen Inc. Annual Reports

2017 Calculations

¹ ROE = 100 × Net income attributable to Biogen Inc. ÷ Total Biogen Inc. shareholders' equity
= 100 × hidden ÷ hidden = hidden %

Ratio	Description	The company
ROE	A profitability ratio calculated as net income divided by shareholders' equity.	Biogen Inc.'s ROE deteriorated from 2015 to 2016 and from 2016 to 2017.

Biogen Inc., ROA calculation, comparison to benchmarks

	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013
Selected Financial Data (USD $ in thousands)
Net income attributable to Biogen Inc.
Total assets
Ratio
ROA¹	%	%	%	%	%
Benchmarks
ROA, Competitors
Abbott Laboratories	%	%	%	%	%
AbbVie Inc.	%	%	%	%	%
Allergan PLC	%	%	%	%	%
Amgen Inc.	%	%	%	%	%
Bristol-Myers Squibb Co.	%	%	%	%	%
Celgene Corp.	%	%	%	%	%
Eli Lilly & Co.	%	%	%	%	%
Gilead Sciences Inc.	%	%	%	%	%
Johnson & Johnson	%	%	%	%	%
Merck & Co. Inc.	%	%	%	%	%
Pfizer Inc.	%	%	%	%	%
Regeneron Pharmaceuticals Inc.	%	%	%	%	%
ROA, Sector
Pharmaceuticals & Biotechnology	%	%	%	%	%
ROA, Industry
Health Care	%	%	%	%	%

Source: Based on data from Biogen Inc. Annual Reports

2017 Calculations

¹ ROA = 100 × Net income attributable to Biogen Inc. ÷ Total assets
= 100 × hidden ÷ hidden = hidden %

Ratio	Description	The company
ROA	A profitability ratio calculated as net income divided by total assets.	Biogen Inc.'s ROA deteriorated from 2015 to 2016 and from 2016 to 2017.

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Profitability Analysis