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FCF Margin for Biogen (BIIB)

As of · Reported

Metric

TTM

26.6%

YoY change

−5.10pp

Trough year (2003)

-44.1%

Peak year (2019)

45.7%

FCF Margin history chart for Biogen (BIIB) from 1989 to 2025

Latest: 20.9%

FCF Margin change chart for Biogen (BIIB) from 1989 to 2025

Latest: −5.10pp

FCF Margin history table for Biogen (BIIB) from 1989 to 2025

  • 202520.9%-5.10pp
  • 202426.0%+13.44pp
  • 202312.6%+1.32pp
  • 202211.2%-19.55pp
  • 202130.8%+2.49pp
  • 202028.3%-17.35pp
  • 201945.7%+6.25pp
  • 201839.4%+9.40pp
  • 201730.0%-3.70pp
  • 201633.7%+5.16pp
  • 201528.6%+1.49pp
  • 201427.1%+43.85pp
  • 2013-16.8%-46.26pp
  • 201229.5%+0.25pp
  • 201129.2%-1.55pp
  • 201030.8%+10.01pp
  • 200920.8%-10.68pp
  • 200831.4%+8.22pp
  • 200723.2%-0.74pp
  • 200624.0%-9.37pp
  • 200533.3%+10.88pp
  • 200422.4%+66.52pp
  • 2003-44.1%-47.37pp
  • 20023.3%-8.30pp
  • 200111.6%-6.43pp
  • 200018.0%-5.39pp
  • 199923.4%-0.67pp
  • 199824.1%+9.77pp
  • 199714.3%+21.20pp
  • 1996-6.9%+20.04pp
  • 1995-26.9%-21.32pp
  • 1994-5.6%-32.60pp
  • 199327.0%-0.26pp
  • 199227.2%+31.31pp
  • 1991-4.1%-3.27pp
  • 1990-0.8%+36.39pp
  • 1989-37.2%—

FCF Margin values are taken from Biogen's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

About FCF Margin at Biogen (BIIB)

According to Biogen's latest reported financial statements, the company's latest reported free cash flow margin is 26.6%. Free cash flow margin is free cash flow divided by revenue — the share of each sales dollar that converts into cash after capital expenditures. Because free cash flow cannot be inflated by non-cash accounting, FCF margin is a clean read on how efficiently a business turns revenue into deployable cash.

Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

The 2025 reading of Biogen (BIIB) free cash flow margin is 20.90% – contracted 5.1 percentage points year-over-year.

The highest annual free cash flow margin of 45.65% was reported in 2019. The lowest in the available history was -44.07% in 2003.

Biogen FCF Margin by Year

Biogen FCF Margin 2025: 20.9%

2025's free cash flow margin for Biogen came in at 20.90%, contracted 5.1 percentage points from 2024.

Biogen FCF Margin 2024: 26.0%

Biogen posted free cash flow margin of 26.00% in 2024, expanded 13.4 percentage points from 2023.

Biogen FCF Margin 2023: 12.6%

In 2023, Biogen reported free cash flow margin of 12.56%, expanded 1.3 percentage points from 2022.

Biogen FCF Margin 2022: 11.2%

Biogen free cash flow margin in 2022 was 11.25%, contracted 19.5 percentage points from 2021.

Biogen FCF Margin 2021: 30.8%

Biogen free cash flow margin in 2021 was 30.79%.

See more financial history for Biogen (BIIB).

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Capital Return

No dividends paid by this company.