Drug Manufacturers - General
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AMGN vs GILD
Revenue, margins, valuation, and 5-year total return — side by side.
Drug Manufacturers - General
AMGN vs GILD — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Drug Manufacturers - General | Drug Manufacturers - General |
| Market Cap | $177.59B | $166.40B |
| Revenue (TTM) | $37.24B | $29.73B |
| Net Income (TTM) | $7.80B | $9.22B |
| Gross Margin | 71.5% | 63.0% |
| Operating Margin | 31.6% | 38.2% |
| Forward P/E | 14.7x | 15.7x |
| Total Debt | $54.60B | $24.59B |
| Cash & Equiv. | $9.13B | $7.56B |
AMGN vs GILD — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Amgen Inc. (AMGN) | 100 | 143.3 | +43.3% |
| Gilead Sciences, In… (GILD) | 100 | 172.2 | +72.2% |
Price return only. Dividends and distributions are not included.
Quick Verdict: AMGN vs GILD
Each card shows where this stock fits in a portfolio — not just who wins on paper.
AMGN is the clearest fit if your priority is income & stability and growth exposure.
- Dividend streak 15 yrs, beta 0.60, yield 2.9%
- Rev growth 9.9%, EPS growth 88.2%, 3Y rev CAGR 11.8%
- 156.4% 10Y total return vs GILD's 87.8%
GILD carries the broadest edge in this set and is the clearest fit for valuation efficiency.
- PEG 0.15 vs AMGN's 5.01
- PEG 0.15 vs 5.01
- 31.0% margin vs AMGN's 20.9%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 9.9% revenue growth vs GILD's 2.4% | |
| Value | PEG 0.15 vs 5.01 | |
| Quality / Margins | 31.0% margin vs AMGN's 20.9% | |
| Stability / Safety | Beta 0.60 vs GILD's 0.66 | |
| Dividends | 2.9% yield, 15-year raise streak, vs GILD's 2.4% | |
| Momentum (1Y) | +38.8% vs AMGN's +22.8% | |
| Efficiency (ROA) | 16.1% ROA vs AMGN's 8.6%, ROIC 23.4% vs 14.8% |
AMGN vs GILD — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
AMGN vs GILD — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
GILD leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
AMGN and GILD operate at a comparable scale, with $37.2B and $29.7B in trailing revenue. GILD is the more profitable business, keeping 31.0% of every revenue dollar as net income compared to AMGN's 20.9%.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $37.2B | $29.7B |
| EBITDAEarnings before interest/tax | $15.6B | $12.1B |
| Net IncomeAfter-tax profit | $7.8B | $9.2B |
| Free Cash FlowCash after capex | $8.6B | $10.3B |
| Gross MarginGross profit ÷ Revenue | +71.5% | +63.0% |
| Operating MarginEBIT ÷ Revenue | +31.6% | +38.2% |
| Net MarginNet income ÷ Revenue | +20.9% | +31.0% |
| FCF MarginFCF ÷ Revenue | +23.1% | +34.8% |
| Rev. Growth (YoY)Latest quarter vs prior year | +5.8% | +4.4% |
| EPS Growth (YoY)Latest quarter vs prior year | +4.4% | +54.8% |
Valuation Metrics
GILD leads this category, winning 4 of 7 comparable metrics.
Valuation Metrics
At 19.8x trailing earnings, GILD trades at a 14% valuation discount to AMGN's 23.1x P/E. Adjusting for growth (PEG ratio), GILD offers better value at 0.15x vs AMGN's 7.86x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | ||
|---|---|---|
| Market CapShares × price | $177.6B | $166.4B |
| Enterprise ValueMkt cap + debt − cash | $223.1B | $183.4B |
| Trailing P/EPrice ÷ TTM EPS | 23.12x | 19.77x |
| Forward P/EPrice ÷ next-FY EPS est. | 14.74x | 15.69x |
| PEG RatioP/E ÷ EPS growth rate | 7.86x | 0.15x |
| EV / EBITDAEnterprise value multiple | 14.08x | 16.95x |
| Price / SalesMarket cap ÷ Revenue | 4.83x | 5.65x |
| Price / BookPrice ÷ Book value/share | 20.60x | 7.44x |
| Price / FCFMarket cap ÷ FCF | 21.92x | 17.60x |
Profitability & Efficiency
GILD leads this category, winning 8 of 9 comparable metrics.
Profitability & Efficiency
AMGN delivers a 89.4% return on equity — every $100 of shareholder capital generates $89 in annual profit, vs $42 for GILD. GILD carries lower financial leverage with a 1.09x debt-to-equity ratio, signaling a more conservative balance sheet compared to AMGN's 6.31x. On the Piotroski fundamental quality scale (0–9), GILD scores 9/9 vs AMGN's 7/9, reflecting strong financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +89.4% | +42.3% |
| ROA (TTM)Return on assets | +8.6% | +16.1% |
| ROICReturn on invested capital | +14.8% | +23.4% |
| ROCEReturn on capital employed | +16.0% | +25.1% |
| Piotroski ScoreFundamental quality 0–9 | 7 | 9 |
| Debt / EquityFinancial leverage | 6.31x | 1.09x |
| Net DebtTotal debt minus cash | $45.5B | $17.0B |
| Cash & Equiv.Liquid assets | $9.1B | $7.6B |
| Total DebtShort + long-term debt | $54.6B | $24.6B |
| Interest CoverageEBIT ÷ Interest expense | 5.02x | 8.87x |
Total Returns (Dividends Reinvested)
GILD leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in GILD five years ago would be worth $22,418 today (with dividends reinvested), compared to $14,620 for AMGN. Over the past 12 months, GILD leads with a +38.8% total return vs AMGN's +22.8%. The 3-year compound annual growth rate (CAGR) favors GILD at 22.2% vs AMGN's 15.0% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +1.2% | +10.9% |
| 1-Year ReturnPast 12 months | +22.8% | +38.8% |
| 3-Year ReturnCumulative with dividends | +51.9% | +82.4% |
| 5-Year ReturnCumulative with dividends | +46.2% | +124.2% |
| 10-Year ReturnCumulative with dividends | +156.4% | +87.8% |
| CAGR (3Y)Annualised 3-year return | +15.0% | +22.2% |
Risk & Volatility
Evenly matched — AMGN and GILD each lead in 1 of 2 comparable metrics.
Risk & Volatility
AMGN is the less volatile stock with a 0.60 beta — it tends to amplify market swings less than GILD's 0.66 beta. A beta below 1.0 means the stock typically moves less than the S&P 500.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.60x | 0.66x |
| 52-Week HighHighest price in past year | $391.29 | $157.29 |
| 52-Week LowLowest price in past year | $261.43 | $95.30 |
| % of 52W HighCurrent price vs 52-week peak | +84.1% | +85.2% |
| RSI (14)Momentum oscillator 0–100 | 39.4 | 52.6 |
| Avg Volume (50D)Average daily shares traded | 2.5M | 5.8M |
Analyst Outlook
AMGN leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Wall Street rates AMGN as "Buy" and GILD as "Buy". Consensus price targets imply 20.8% upside for GILD (target: $162) vs 6.6% for AMGN (target: $351). For income investors, AMGN offers the higher dividend yield at 2.87% vs GILD's 2.38%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $350.76 | $161.88 |
| # AnalystsCovering analysts | 38 | 58 |
| Dividend YieldAnnual dividend ÷ price | +2.9% | +2.4% |
| Dividend StreakConsecutive years of raises | 15 | 11 |
| Dividend / ShareAnnual DPS | $9.45 | $3.19 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +1.2% |
GILD leads in 4 of 6 categories (Income & Cash Flow, Valuation Metrics). AMGN leads in 1 (Analyst Outlook). 1 tied.
AMGN vs GILD: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is AMGN or GILD a better buy right now?
For growth investors, Amgen Inc.
(AMGN) is the stronger pick with 9. 9% revenue growth year-over-year, versus 2. 4% for Gilead Sciences, Inc. (GILD). Gilead Sciences, Inc. (GILD) offers the better valuation at 19. 8x trailing P/E (15. 7x forward), making it the more compelling value choice. Analysts rate Amgen Inc. (AMGN) a "Buy" — based on 38 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — AMGN or GILD?
On trailing P/E, Gilead Sciences, Inc.
(GILD) is the cheapest at 19. 8x versus Amgen Inc. at 23. 1x. On forward P/E, Amgen Inc. is actually cheaper at 14. 7x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — AMGN or GILD?
Over the past 5 years, Gilead Sciences, Inc.
(GILD) delivered a total return of +124. 2%, compared to +46. 2% for Amgen Inc. (AMGN). Over 10 years, the gap is even starker: AMGN returned +156. 4% versus GILD's +87. 8%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — AMGN or GILD?
By beta (market sensitivity over 5 years), Amgen Inc.
(AMGN) is the lower-risk stock at 0. 60β versus Gilead Sciences, Inc. 's 0. 66β — meaning GILD is approximately 9% more volatile than AMGN relative to the S&P 500. On balance sheet safety, Gilead Sciences, Inc. (GILD) carries a lower debt/equity ratio of 109% versus 6% for Amgen Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — AMGN or GILD?
By revenue growth (latest reported year), Amgen Inc.
(AMGN) is pulling ahead at 9. 9% versus 2. 4% for Gilead Sciences, Inc. (GILD). On earnings-per-share growth, the picture is similar: Gilead Sciences, Inc. grew EPS 1684% year-over-year, compared to 88. 2% for Amgen Inc.. Over a 3-year CAGR, AMGN leads at 11. 8% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — AMGN or GILD?
Gilead Sciences, Inc.
(GILD) is the more profitable company, earning 28. 9% net margin versus 21. 0% for Amgen Inc. — meaning it keeps 28. 9% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: GILD leads at 40. 1% versus 29. 1% for AMGN. At the gross margin level — before operating expenses — GILD leads at 86. 7%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is AMGN or GILD more undervalued right now?
On forward earnings alone, Amgen Inc.
(AMGN) trades at 14. 7x forward P/E versus 15. 7x for Gilead Sciences, Inc. — 1. 0x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for GILD: 20. 8% to $161. 88.
08Which pays a better dividend — AMGN or GILD?
All stocks in this comparison pay dividends.
Amgen Inc. (AMGN) offers the highest yield at 2. 9%, versus 2. 4% for Gilead Sciences, Inc. (GILD).
09Is AMGN or GILD better for a retirement portfolio?
For long-horizon retirement investors, Amgen Inc.
(AMGN) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 60), 2. 9% yield, +156. 4% 10Y return). Both have compounded well over 10 years (AMGN: +156. 4%, GILD: +87. 8%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between AMGN and GILD?
Both stocks operate in the Healthcare sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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