Analysis of Solvency Ratios
Solvency ratios also known as long-term debt ratios measure a company ability to meet long-term obligations.
Solvency Ratios (Summary)
Regeneron Pharmaceuticals Inc., solvency ratios
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).
Debt Ratios
Coverage Ratios
Debt to Equity
Regeneron Pharmaceuticals Inc., debt to equity calculation, comparison to benchmarks
| Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Finance lease liabilities, current portion | —) | —) | —) | —) | 719,700) | |
| Long-term debt | 1,985,900) | 1,984,400) | 1,982,900) | 1,981,400) | 1,980,000) | |
| Finance lease liabilities, excluding current portion | 720,000) | 720,000) | 720,000) | 720,000) | —) | |
| Total debt | 2,705,900) | 2,704,400) | 2,702,900) | 2,701,400) | 2,699,700) | |
| Stockholders’ equity | 31,256,900) | 29,353,600) | 25,973,100) | 22,664,000) | 18,768,800) | |
| Solvency Ratio | ||||||
| Debt to equity1 | 0.09 | 0.09 | 0.10 | 0.12 | 0.14 | |
| Benchmarks | ||||||
| Debt to Equity, Competitors2 | ||||||
| AbbVie Inc. | — | 20.19 | 5.73 | 3.67 | 4.98 | |
| Amgen Inc. | — | 10.23 | 10.37 | 10.64 | 4.97 | |
| Bristol-Myers Squibb Co. | — | 3.04 | 1.35 | 1.27 | 1.24 | |
| Danaher Corp. | — | 0.32 | 0.34 | 0.39 | 0.49 | |
| Eli Lilly & Co. | — | 2.37 | 2.34 | 1.52 | 1.88 | |
| Gilead Sciences Inc. | — | 1.38 | 1.09 | 1.19 | 1.27 | |
| Johnson & Johnson | — | 0.51 | 0.43 | 0.52 | 0.46 | |
| Merck & Co. Inc. | — | 0.80 | 0.93 | 0.67 | 0.87 | |
| Pfizer Inc. | — | 0.73 | 0.81 | 0.37 | 0.50 | |
| Thermo Fisher Scientific Inc. | — | 0.63 | 0.75 | 0.78 | 0.85 | |
| Vertex Pharmaceuticals Inc. | — | 0.01 | 0.02 | 0.03 | 0.06 | |
| Debt to Equity, Sector | ||||||
| Pharmaceuticals, Biotechnology & Life Sciences | — | 1.04 | 0.97 | 0.80 | 0.93 | |
| Debt to Equity, Industry | ||||||
| Health Care | — | 0.87 | 0.82 | 0.72 | 0.80 | |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).
1 2025 Calculation
Debt to equity = Total debt ÷ Stockholders’ equity
= 2,705,900 ÷ 31,256,900 = 0.09
2 Click competitor name to see calculations.
Debt to Equity (including Operating Lease Liability)
Regeneron Pharmaceuticals Inc., debt to equity (including operating lease liability) calculation, comparison to benchmarks
| Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Finance lease liabilities, current portion | —) | —) | —) | —) | 719,700) | |
| Long-term debt | 1,985,900) | 1,984,400) | 1,982,900) | 1,981,400) | 1,980,000) | |
| Finance lease liabilities, excluding current portion | 720,000) | 720,000) | 720,000) | 720,000) | —) | |
| Total debt | 2,705,900) | 2,704,400) | 2,702,900) | 2,701,400) | 2,699,700) | |
| Operating lease liabilities, current (included in Accrued expenses and other current liabilities) | 37,800) | 30,300) | 19,000) | 12,400) | 12,400) | |
| Operating lease liabilities, noncurrent (included in Other noncurrent liabilities) | 229,000) | 204,100) | 68,700) | 55,800) | 55,800) | |
| Total debt (including operating lease liability) | 2,972,700) | 2,938,800) | 2,790,600) | 2,769,600) | 2,767,900) | |
| Stockholders’ equity | 31,256,900) | 29,353,600) | 25,973,100) | 22,664,000) | 18,768,800) | |
| Solvency Ratio | ||||||
| Debt to equity (including operating lease liability)1 | 0.10 | 0.10 | 0.11 | 0.12 | 0.15 | |
| Benchmarks | ||||||
| Debt to Equity (including Operating Lease Liability), Competitors2 | ||||||
| AbbVie Inc. | — | 20.46 | 5.82 | 3.72 | 5.03 | |
| Amgen Inc. | — | 10.36 | 10.50 | 10.83 | 5.07 | |
| Bristol-Myers Squibb Co. | — | 3.13 | 1.41 | 1.31 | 1.27 | |
| Danaher Corp. | — | 0.35 | 0.37 | 0.41 | 0.52 | |
| Eli Lilly & Co. | — | 2.45 | 2.44 | 1.59 | 1.96 | |
| Gilead Sciences Inc. | — | 1.41 | 1.12 | 1.22 | 1.30 | |
| Johnson & Johnson | — | 0.53 | 0.44 | 0.53 | 0.47 | |
| Merck & Co. Inc. | — | 0.83 | 0.97 | 0.70 | 0.91 | |
| Pfizer Inc. | — | 0.76 | 0.84 | 0.41 | 0.54 | |
| Thermo Fisher Scientific Inc. | — | 0.66 | 0.78 | 0.82 | 0.89 | |
| Vertex Pharmaceuticals Inc. | — | 0.11 | 0.05 | 0.06 | 0.10 | |
| Debt to Equity (including Operating Lease Liability), Sector | ||||||
| Pharmaceuticals, Biotechnology & Life Sciences | — | 1.07 | 1.00 | 0.83 | 0.96 | |
| Debt to Equity (including Operating Lease Liability), Industry | ||||||
| Health Care | — | 0.90 | 0.85 | 0.76 | 0.83 | |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).
1 2025 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Stockholders’ equity
= 2,972,700 ÷ 31,256,900 = 0.10
2 Click competitor name to see calculations.
Debt to Capital
Regeneron Pharmaceuticals Inc., debt to capital calculation, comparison to benchmarks
| Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Finance lease liabilities, current portion | —) | —) | —) | —) | 719,700) | |
| Long-term debt | 1,985,900) | 1,984,400) | 1,982,900) | 1,981,400) | 1,980,000) | |
| Finance lease liabilities, excluding current portion | 720,000) | 720,000) | 720,000) | 720,000) | —) | |
| Total debt | 2,705,900) | 2,704,400) | 2,702,900) | 2,701,400) | 2,699,700) | |
| Stockholders’ equity | 31,256,900) | 29,353,600) | 25,973,100) | 22,664,000) | 18,768,800) | |
| Total capital | 33,962,800) | 32,058,000) | 28,676,000) | 25,365,400) | 21,468,500) | |
| Solvency Ratio | ||||||
| Debt to capital1 | 0.08 | 0.08 | 0.09 | 0.11 | 0.13 | |
| Benchmarks | ||||||
| Debt to Capital, Competitors2 | ||||||
| AbbVie Inc. | — | 0.95 | 0.85 | 0.79 | 0.83 | |
| Amgen Inc. | — | 0.91 | 0.91 | 0.91 | 0.83 | |
| Bristol-Myers Squibb Co. | — | 0.75 | 0.57 | 0.56 | 0.55 | |
| Danaher Corp. | — | 0.24 | 0.26 | 0.28 | 0.33 | |
| Eli Lilly & Co. | — | 0.70 | 0.70 | 0.60 | 0.65 | |
| Gilead Sciences Inc. | — | 0.58 | 0.52 | 0.54 | 0.56 | |
| Johnson & Johnson | — | 0.34 | 0.30 | 0.34 | 0.31 | |
| Merck & Co. Inc. | — | 0.44 | 0.48 | 0.40 | 0.46 | |
| Pfizer Inc. | — | 0.42 | 0.45 | 0.27 | 0.33 | |
| Thermo Fisher Scientific Inc. | — | 0.39 | 0.43 | 0.44 | 0.46 | |
| Vertex Pharmaceuticals Inc. | — | 0.01 | 0.02 | 0.03 | 0.05 | |
| Debt to Capital, Sector | ||||||
| Pharmaceuticals, Biotechnology & Life Sciences | — | 0.51 | 0.49 | 0.44 | 0.48 | |
| Debt to Capital, Industry | ||||||
| Health Care | — | 0.47 | 0.45 | 0.42 | 0.44 | |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).
1 2025 Calculation
Debt to capital = Total debt ÷ Total capital
= 2,705,900 ÷ 33,962,800 = 0.08
2 Click competitor name to see calculations.
Debt to Capital (including Operating Lease Liability)
Regeneron Pharmaceuticals Inc., debt to capital (including operating lease liability) calculation, comparison to benchmarks
| Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Finance lease liabilities, current portion | —) | —) | —) | —) | 719,700) | |
| Long-term debt | 1,985,900) | 1,984,400) | 1,982,900) | 1,981,400) | 1,980,000) | |
| Finance lease liabilities, excluding current portion | 720,000) | 720,000) | 720,000) | 720,000) | —) | |
| Total debt | 2,705,900) | 2,704,400) | 2,702,900) | 2,701,400) | 2,699,700) | |
| Operating lease liabilities, current (included in Accrued expenses and other current liabilities) | 37,800) | 30,300) | 19,000) | 12,400) | 12,400) | |
| Operating lease liabilities, noncurrent (included in Other noncurrent liabilities) | 229,000) | 204,100) | 68,700) | 55,800) | 55,800) | |
| Total debt (including operating lease liability) | 2,972,700) | 2,938,800) | 2,790,600) | 2,769,600) | 2,767,900) | |
| Stockholders’ equity | 31,256,900) | 29,353,600) | 25,973,100) | 22,664,000) | 18,768,800) | |
| Total capital (including operating lease liability) | 34,229,600) | 32,292,400) | 28,763,700) | 25,433,600) | 21,536,700) | |
| Solvency Ratio | ||||||
| Debt to capital (including operating lease liability)1 | 0.09 | 0.09 | 0.10 | 0.11 | 0.13 | |
| Benchmarks | ||||||
| Debt to Capital (including Operating Lease Liability), Competitors2 | ||||||
| AbbVie Inc. | — | 0.95 | 0.85 | 0.79 | 0.83 | |
| Amgen Inc. | — | 0.91 | 0.91 | 0.92 | 0.84 | |
| Bristol-Myers Squibb Co. | — | 0.76 | 0.58 | 0.57 | 0.56 | |
| Danaher Corp. | — | 0.26 | 0.27 | 0.29 | 0.34 | |
| Eli Lilly & Co. | — | 0.71 | 0.71 | 0.61 | 0.66 | |
| Gilead Sciences Inc. | — | 0.59 | 0.53 | 0.55 | 0.56 | |
| Johnson & Johnson | — | 0.35 | 0.31 | 0.35 | 0.32 | |
| Merck & Co. Inc. | — | 0.45 | 0.49 | 0.41 | 0.48 | |
| Pfizer Inc. | — | 0.43 | 0.46 | 0.29 | 0.35 | |
| Thermo Fisher Scientific Inc. | — | 0.40 | 0.44 | 0.45 | 0.47 | |
| Vertex Pharmaceuticals Inc. | — | 0.10 | 0.04 | 0.06 | 0.09 | |
| Debt to Capital (including Operating Lease Liability), Sector | ||||||
| Pharmaceuticals, Biotechnology & Life Sciences | — | 0.52 | 0.50 | 0.45 | 0.49 | |
| Debt to Capital (including Operating Lease Liability), Industry | ||||||
| Health Care | — | 0.47 | 0.46 | 0.43 | 0.45 | |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).
1 2025 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 2,972,700 ÷ 34,229,600 = 0.09
2 Click competitor name to see calculations.
Debt to Assets
Regeneron Pharmaceuticals Inc., debt to assets calculation, comparison to benchmarks
| Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Finance lease liabilities, current portion | —) | —) | —) | —) | 719,700) | |
| Long-term debt | 1,985,900) | 1,984,400) | 1,982,900) | 1,981,400) | 1,980,000) | |
| Finance lease liabilities, excluding current portion | 720,000) | 720,000) | 720,000) | 720,000) | —) | |
| Total debt | 2,705,900) | 2,704,400) | 2,702,900) | 2,701,400) | 2,699,700) | |
| Total assets | 40,558,700) | 37,759,400) | 33,080,200) | 29,214,500) | 25,434,800) | |
| Solvency Ratio | ||||||
| Debt to assets1 | 0.07 | 0.07 | 0.08 | 0.09 | 0.11 | |
| Benchmarks | ||||||
| Debt to Assets, Competitors2 | ||||||
| AbbVie Inc. | — | 0.50 | 0.44 | 0.46 | 0.52 | |
| Amgen Inc. | — | 0.65 | 0.67 | 0.60 | 0.54 | |
| Bristol-Myers Squibb Co. | — | 0.54 | 0.42 | 0.41 | 0.41 | |
| Danaher Corp. | — | 0.21 | 0.22 | 0.23 | 0.27 | |
| Eli Lilly & Co. | — | 0.43 | 0.39 | 0.33 | 0.35 | |
| Gilead Sciences Inc. | — | 0.45 | 0.40 | 0.40 | 0.39 | |
| Johnson & Johnson | — | 0.20 | 0.18 | 0.21 | 0.19 | |
| Merck & Co. Inc. | — | 0.32 | 0.33 | 0.28 | 0.31 | |
| Pfizer Inc. | — | 0.30 | 0.32 | 0.18 | 0.21 | |
| Thermo Fisher Scientific Inc. | — | 0.32 | 0.35 | 0.35 | 0.37 | |
| Vertex Pharmaceuticals Inc. | — | 0.01 | 0.02 | 0.03 | 0.04 | |
| Debt to Assets, Sector | ||||||
| Pharmaceuticals, Biotechnology & Life Sciences | — | 0.35 | 0.34 | 0.31 | 0.32 | |
| Debt to Assets, Industry | ||||||
| Health Care | — | 0.32 | 0.30 | 0.28 | 0.30 | |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).
1 2025 Calculation
Debt to assets = Total debt ÷ Total assets
= 2,705,900 ÷ 40,558,700 = 0.07
2 Click competitor name to see calculations.
Debt to Assets (including Operating Lease Liability)
Regeneron Pharmaceuticals Inc., debt to assets (including operating lease liability) calculation, comparison to benchmarks
| Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Finance lease liabilities, current portion | —) | —) | —) | —) | 719,700) | |
| Long-term debt | 1,985,900) | 1,984,400) | 1,982,900) | 1,981,400) | 1,980,000) | |
| Finance lease liabilities, excluding current portion | 720,000) | 720,000) | 720,000) | 720,000) | —) | |
| Total debt | 2,705,900) | 2,704,400) | 2,702,900) | 2,701,400) | 2,699,700) | |
| Operating lease liabilities, current (included in Accrued expenses and other current liabilities) | 37,800) | 30,300) | 19,000) | 12,400) | 12,400) | |
| Operating lease liabilities, noncurrent (included in Other noncurrent liabilities) | 229,000) | 204,100) | 68,700) | 55,800) | 55,800) | |
| Total debt (including operating lease liability) | 2,972,700) | 2,938,800) | 2,790,600) | 2,769,600) | 2,767,900) | |
| Total assets | 40,558,700) | 37,759,400) | 33,080,200) | 29,214,500) | 25,434,800) | |
| Solvency Ratio | ||||||
| Debt to assets (including operating lease liability)1 | 0.07 | 0.08 | 0.08 | 0.09 | 0.11 | |
| Benchmarks | ||||||
| Debt to Assets (including Operating Lease Liability), Competitors2 | ||||||
| AbbVie Inc. | — | 0.50 | 0.45 | 0.46 | 0.53 | |
| Amgen Inc. | — | 0.66 | 0.67 | 0.61 | 0.56 | |
| Bristol-Myers Squibb Co. | — | 0.55 | 0.44 | 0.42 | 0.42 | |
| Danaher Corp. | — | 0.22 | 0.23 | 0.25 | 0.28 | |
| Eli Lilly & Co. | — | 0.44 | 0.41 | 0.34 | 0.36 | |
| Gilead Sciences Inc. | — | 0.46 | 0.41 | 0.41 | 0.40 | |
| Johnson & Johnson | — | 0.21 | 0.18 | 0.22 | 0.19 | |
| Merck & Co. Inc. | — | 0.33 | 0.34 | 0.29 | 0.33 | |
| Pfizer Inc. | — | 0.31 | 0.33 | 0.20 | 0.23 | |
| Thermo Fisher Scientific Inc. | — | 0.34 | 0.37 | 0.37 | 0.38 | |
| Vertex Pharmaceuticals Inc. | — | 0.08 | 0.04 | 0.05 | 0.07 | |
| Debt to Assets (including Operating Lease Liability), Sector | ||||||
| Pharmaceuticals, Biotechnology & Life Sciences | — | 0.37 | 0.35 | 0.32 | 0.34 | |
| Debt to Assets (including Operating Lease Liability), Industry | ||||||
| Health Care | — | 0.33 | 0.32 | 0.29 | 0.31 | |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).
1 2025 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 2,972,700 ÷ 40,558,700 = 0.07
2 Click competitor name to see calculations.
Financial Leverage
Regeneron Pharmaceuticals Inc., financial leverage calculation, comparison to benchmarks
| Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Total assets | 40,558,700) | 37,759,400) | 33,080,200) | 29,214,500) | 25,434,800) | |
| Stockholders’ equity | 31,256,900) | 29,353,600) | 25,973,100) | 22,664,000) | 18,768,800) | |
| Solvency Ratio | ||||||
| Financial leverage1 | 1.30 | 1.29 | 1.27 | 1.29 | 1.36 | |
| Benchmarks | ||||||
| Financial Leverage, Competitors2 | ||||||
| AbbVie Inc. | — | 40.65 | 13.00 | 8.04 | 9.51 | |
| Amgen Inc. | — | 15.63 | 15.59 | 17.79 | 9.13 | |
| Bristol-Myers Squibb Co. | — | 5.67 | 3.23 | 3.12 | 3.04 | |
| Danaher Corp. | — | 1.57 | 1.58 | 1.68 | 1.84 | |
| Eli Lilly & Co. | — | 5.55 | 5.94 | 4.65 | 5.44 | |
| Gilead Sciences Inc. | — | 3.05 | 2.72 | 2.97 | 3.23 | |
| Johnson & Johnson | — | 2.52 | 2.44 | 2.44 | 2.46 | |
| Merck & Co. Inc. | — | 2.53 | 2.84 | 2.37 | 2.77 | |
| Pfizer Inc. | — | 2.42 | 2.54 | 2.06 | 2.35 | |
| Thermo Fisher Scientific Inc. | — | 1.96 | 2.11 | 2.21 | 2.33 | |
| Vertex Pharmaceuticals Inc. | — | 1.37 | 1.29 | 1.30 | 1.33 | |
| Financial Leverage, Sector | ||||||
| Pharmaceuticals, Biotechnology & Life Sciences | — | 2.93 | 2.85 | 2.62 | 2.86 | |
| Financial Leverage, Industry | ||||||
| Health Care | — | 2.75 | 2.70 | 2.57 | 2.69 | |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).
1 2025 Calculation
Financial leverage = Total assets ÷ Stockholders’ equity
= 40,558,700 ÷ 31,256,900 = 1.30
2 Click competitor name to see calculations.
Interest Coverage
Regeneron Pharmaceuticals Inc., interest coverage calculation, comparison to benchmarks
| Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Net income | 4,504,900) | 4,412,600) | 3,953,600) | 4,338,400) | 8,075,300) | |
| Add: Income tax expense | 725,800) | 367,300) | 245,700) | 520,400) | 1,250,500) | |
| Add: Interest expense | 43,800) | 55,200) | 73,000) | 59,400) | 57,300) | |
| Earnings before interest and tax (EBIT) | 5,274,500) | 4,835,100) | 4,272,300) | 4,918,200) | 9,383,100) | |
| Solvency Ratio | ||||||
| Interest coverage1 | 120.42 | 87.59 | 58.52 | 82.80 | 163.75 | |
| Benchmarks | ||||||
| Interest Coverage, Competitors2 | ||||||
| AbbVie Inc. | — | 2.32 | 3.81 | 7.04 | 6.36 | |
| Amgen Inc. | — | 2.46 | 3.73 | 6.22 | 6.60 | |
| Bristol-Myers Squibb Co. | — | -3.30 | 8.24 | 7.26 | 7.07 | |
| Danaher Corp. | — | 17.71 | 18.64 | 40.30 | 32.92 | |
| Eli Lilly & Co. | — | 17.24 | 14.49 | 21.53 | 19.12 | |
| Gilead Sciences Inc. | — | 1.71 | 8.27 | 7.22 | 9.27 | |
| Johnson & Johnson | — | 23.10 | 20.51 | 79.71 | 125.46 | |
| Merck & Co. Inc. | — | 16.69 | 2.65 | 18.09 | 18.22 | |
| Pfizer Inc. | — | 3.60 | 1.48 | 29.05 | 19.83 | |
| Thermo Fisher Scientific Inc. | — | 6.03 | 5.54 | 11.56 | 17.49 | |
| Vertex Pharmaceuticals Inc. | — | 9.12 | 100.32 | 78.23 | 45.40 | |
| Interest Coverage, Sector | ||||||
| Pharmaceuticals, Biotechnology & Life Sciences | — | 5.51 | 6.43 | 15.40 | 14.91 | |
| Interest Coverage, Industry | ||||||
| Health Care | — | 6.11 | 7.51 | 14.75 | 14.14 | |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).
1 2025 Calculation
Interest coverage = EBIT ÷ Interest expense
= 5,274,500 ÷ 43,800 = 120.42
2 Click competitor name to see calculations.
Fixed Charge Coverage
Regeneron Pharmaceuticals Inc., fixed charge coverage calculation, comparison to benchmarks
| Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Net income | 4,504,900) | 4,412,600) | 3,953,600) | 4,338,400) | 8,075,300) | |
| Add: Income tax expense | 725,800) | 367,300) | 245,700) | 520,400) | 1,250,500) | |
| Add: Interest expense | 43,800) | 55,200) | 73,000) | 59,400) | 57,300) | |
| Earnings before interest and tax (EBIT) | 5,274,500) | 4,835,100) | 4,272,300) | 4,918,200) | 9,383,100) | |
| Add: Operating lease costs | 35,800) | 36,500) | 19,200) | 12,400) | 10,300) | |
| Earnings before fixed charges and tax | 5,310,300) | 4,871,600) | 4,291,500) | 4,930,600) | 9,393,400) | |
| Interest expense | 43,800) | 55,200) | 73,000) | 59,400) | 57,300) | |
| Operating lease costs | 35,800) | 36,500) | 19,200) | 12,400) | 10,300) | |
| Fixed charges | 79,600) | 91,700) | 92,200) | 71,800) | 67,600) | |
| Solvency Ratio | ||||||
| Fixed charge coverage1 | 66.71 | 53.13 | 46.55 | 68.67 | 138.96 | |
| Benchmarks | ||||||
| Fixed Charge Coverage, Competitors2 | ||||||
| AbbVie Inc. | — | 2.24 | 3.59 | 6.54 | 5.90 | |
| Amgen Inc. | — | 2.37 | 3.55 | 5.52 | 5.67 | |
| Bristol-Myers Squibb Co. | — | -2.75 | 6.69 | 6.30 | 6.01 | |
| Danaher Corp. | — | 9.05 | 9.55 | 13.41 | 10.85 | |
| Eli Lilly & Co. | — | 13.81 | 10.98 | 15.17 | 13.33 | |
| Gilead Sciences Inc. | — | 1.61 | 7.18 | 6.30 | 8.15 | |
| Johnson & Johnson | — | 18.47 | 16.50 | 38.72 | 48.16 | |
| Merck & Co. Inc. | — | 13.31 | 2.27 | 13.69 | 13.08 | |
| Pfizer Inc. | — | 3.13 | 1.34 | 18.79 | 14.22 | |
| Thermo Fisher Scientific Inc. | — | 5.01 | 4.61 | 8.12 | 12.19 | |
| Vertex Pharmaceuticals Inc. | — | 2.85 | 48.66 | 47.97 | 29.62 | |
| Fixed Charge Coverage, Sector | ||||||
| Pharmaceuticals, Biotechnology & Life Sciences | — | 4.80 | 5.40 | 11.85 | 11.49 | |
| Fixed Charge Coverage, Industry | ||||||
| Health Care | — | 5.15 | 6.08 | 10.95 | 10.48 | |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).
1 2025 Calculation
Fixed charge coverage = Earnings before fixed charges and tax ÷ Fixed charges
= 5,310,300 ÷ 79,600 = 66.71
2 Click competitor name to see calculations.