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Biogen Inc. (BIIB)

220.83 -3.68 (-1.64%)
At close: September 4 at 4:00:01 PM EDT
220.99 +0.16 (+0.07%)
After hours: September 4 at 7:33:20 PM EDT
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6m ago
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Biogen has made significant strides in its investigational treatments for neurological conditions, with promising long-term data for zorevunersen in Dravet syndrome and the launch of a home-administered Alzheimer's therapy. However, mixed valuation signals and ongoing challenges in its multiple sclerosis franchise raise questions about future growth.

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  • Previous Close 224.51
  • Open 221.15
  • Bid 209.47 x 100
  • Ask 233.04 x 100
  • Day's Range 219.82 - 223.78
  • 52 Week Range 135.39 - 225.80
  • Volume 464,803
  • Avg. Volume 1,119,620
  • Market Cap (intraday) 32.629B
  • Beta (5Y Monthly) 0.17
  • PE Ratio (TTM) 39.22
  • EPS (TTM) 5.63
  • Earnings Date Oct 29, 2026
  • Forward Dividend & Yield --
  • Ex-Dividend Date --
  • 1y Target Est 236.87

Biogen Inc. discovers, develops, manufactures, and delivers therapies in the United States, Europe, Germany, Asia, and internationally. The company provides TECFIDERA, VUMERITY, AVONEX, PLEGRIDY, and TYSABRI for multiple sclerosis (MS); SPINRAZA for spinal muscular atrophy; SKYCLARYS to treat Friedreich's Ataxia; QALSODY for treating amyotrophic lateral sclerosis; FUMADERM to treat plaque psoriasis; BENEPALI, an etanercept biosimilar referencing ENBREL; IMRALDI, an adalimumab biosimilar referencing HUMIRA; FLIXABI, an infliximab biosimilar referencing REMICADE. It offers LEQEMBI for the treatment of Alzheimer's disease; ZURZUVAE for the treatment of postpartum depression; RITUXAN to treat non-Hodgkin's lymphoma, chronic lymphocytic leukemia (CLL), rheumatoid arthritis, two forms of ANCA-associated vasculitis, and pemphigus vulgaris; RITUXAN HYCELA for non-Hodgkin's lymphoma and CLL; GAZYVA to treat CLL and follicular lymphoma; OCREVUS for relapsing MS and primary progressive MS; LUNSUMIO to treat relapsed or refractory follicular lymphoma; glofitamab for aRelapsed or refractory diffuse large B-cell lymphoma; and other anti-CD20 therapies. Biogen Inc. has collaboration and license agreements with Merz Therapeutics; Alkermes Pharma Ireland Limited; Denali Therapeutics Inc.; UCB; Eisai Co., Ltd.; Genentech, Inc.; Neurimmune SubOne AG; Ionis Pharmaceuticals, Inc.; Samsung Bioepis; and Sage Therapeutics, Inc., as well as collaborations with Stoke Therapeutics, Inc. for the development and commercialization of zorevunersen, a disease modifying medicine for the treatment of Dravet syndrome; Dayra Therapeutics, Inc. to develop oral macrocyclic peptides; Vanqua Bio, Inc. for developing Vanqua's preclinical oral C5aR1 antagonist compound; City Therapeutics, Inc. to develop select novel RNAi therapies; and ALTEOGEN Inc. to develop subcutaneous (SC) formulations of biologics utilizing ALT-B4. The company was founded in 1978 and is headquartered in Cambridge, Massachusetts.

www.biogen.com

7,500

Full Time Employees

December 31

Fiscal Year Ends

Healthcare

Sector

Recent News

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Performance Overview

Trailing total returns as of 9/4/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC) .

YTD Return

BIIB
25.48%
S&P 500 (^GSPC)
12.75%

1-Year Return

BIIB
57.80%
S&P 500 (^GSPC)
18.71%

3-Year Return

BIIB
17.34%
S&P 500 (^GSPC)
70.93%

5-Year Return

BIIB
33.80%
S&P 500 (^GSPC)
70.18%

Earnings Trends

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Earnings Per Share

GAAP
Normalized
GAAP
Normalized

Revenue vs. Earnings

Annual
Quarterly
Annual
Quarterly
Q2 FY26
Revenue 2.74B
Earnings 97.5M
Profit Margin 3.56%

Q3

FY25

Q4

FY25

Q1

FY26

Q2

FY26

0
500M
1B
2B
2B
3B
0.0%
5.0%
10.0%
15.0%

Analyst Insights

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Analyst Price Targets

165.00 Low
236.87 Average
220.83 Current
300.00 High

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell

Latest Rating

Date 9/3/2026
Analyst Piper Sandler
Rating Action Reiterates
Rating Overweight
Price Action Raises
Price Target 225 -> 245

Statistics

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Valuation Measures

Annual
  • Market Cap

  • Enterprise Value

  • Trailing P/E

  • Forward P/E

  • PEG Ratio (5yr expected)

  • Price/Sales (ttm)

  • Price/Book (mrq)

  • Enterprise Value/Revenue

  • Enterprise Value/EBITDA

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    8.32%

  • Return on Assets (ttm)

    5.21%

  • Return on Equity (ttm)

    4.57%

  • Revenue (ttm)

    10.03B

  • Net Income Avi to Common (ttm)

    834.6M

  • Diluted EPS (ttm)

    5.63

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    1.28B

  • Total Debt/Equity (mrq)

    44.33%

  • Levered Free Cash Flow (ttm)

    1.27B

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