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 | $177.87B | $166.32B |
| Revenue (TTM) | $37.24B | $29.44B |
| Net Income (TTM) | $7.80B | $8.51B |
| Gross Margin | 71.5% | 80.8% |
| Operating Margin | 31.6% | 37.4% |
| Forward P/E | 14.8x | 15.6x |
| Total Debt | $54.60B | $26.71B |
| Cash & Equiv. | $9.13B | $9.99B |
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 | 144.1 | +44.1% |
| Gilead Sciences, In… (GILD) | 100 | 175.1 | +75.1% |
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 carries the broadest edge in this set and is the clearest fit for 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%
- 158.7% 10Y total return vs GILD's 86.7%
GILD is the clearest fit if your priority is quality and momentum.
- 28.9% margin vs AMGN's 20.9%
- +32.9% vs AMGN's +21.1%
- 14.4% ROA vs AMGN's 8.6%, ROIC 3.2% vs 14.8%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 9.9% revenue growth vs GILD's 6.0% | |
| Value | Lower P/E (14.8x vs 15.6x) | |
| Quality / Margins | 28.9% 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 2.3% | |
| Momentum (1Y) | +32.9% vs AMGN's +21.1% | |
| Efficiency (ROA) | 14.4% ROA vs AMGN's 8.6%, ROIC 3.2% 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 5 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
AMGN and GILD operate at a comparable scale, with $37.2B and $29.4B in trailing revenue. GILD is the more profitable business, keeping 28.9% of every revenue dollar as net income compared to AMGN's 20.9%.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $37.2B | $29.4B |
| EBITDAEarnings before interest/tax | $15.6B | $12.4B |
| Net IncomeAfter-tax profit | $7.8B | $8.5B |
| Free Cash FlowCash after capex | $8.6B | $9.7B |
| Gross MarginGross profit ÷ Revenue | +71.5% | +80.8% |
| Operating MarginEBIT ÷ Revenue | +31.6% | +37.4% |
| Net MarginNet income ÷ Revenue | +20.9% | +28.9% |
| FCF MarginFCF ÷ Revenue | +23.1% | +32.8% |
| Rev. Growth (YoY)Latest quarter vs prior year | +5.8% | +4.7% |
| EPS Growth (YoY)Latest quarter vs prior year | +4.4% | +22.5% |
Valuation Metrics
AMGN leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
At 23.2x trailing earnings, AMGN trades at a 93% valuation discount to GILD's 351.3x P/E. On an enterprise value basis, AMGN's 14.1x EV/EBITDA is more attractive than GILD's 41.3x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $177.9B | $166.3B |
| Enterprise ValueMkt cap + debt − cash | $223.3B | $183.0B |
| Trailing P/EPrice ÷ TTM EPS | 23.16x | 351.26x |
| Forward P/EPrice ÷ next-FY EPS est. | 14.76x | 15.62x |
| PEG RatioP/E ÷ EPS growth rate | 7.87x | — |
| EV / EBITDAEnterprise value multiple | 14.10x | 41.33x |
| Price / SalesMarket cap ÷ Revenue | 4.84x | 5.78x |
| Price / BookPrice ÷ Book value/share | 20.63x | 8.70x |
| Price / FCFMarket cap ÷ FCF | 21.96x | 16.14x |
Profitability & Efficiency
GILD leads this category, winning 5 of 8 comparable metrics.
Profitability & Efficiency
AMGN delivers a 89.4% return on equity — every $100 of shareholder capital generates $89 in annual profit, vs $38 for GILD. GILD carries lower financial leverage with a 1.39x debt-to-equity ratio, signaling a more conservative balance sheet compared to AMGN's 6.31x.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +89.4% | +37.6% |
| ROA (TTM)Return on assets | +8.6% | +14.4% |
| ROICReturn on invested capital | +14.8% | +3.2% |
| ROCEReturn on capital employed | +16.0% | +3.4% |
| Piotroski ScoreFundamental quality 0–9 | 7 | 7 |
| Debt / EquityFinancial leverage | 6.31x | 1.39x |
| Net DebtTotal debt minus cash | $45.5B | $16.7B |
| Cash & Equiv.Liquid assets | $9.1B | $10.0B |
| Total DebtShort + long-term debt | $54.6B | $26.7B |
| Interest CoverageEBIT ÷ Interest expense | 5.02x | 10.56x |
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 $22,341 today (with dividends reinvested), compared to $14,926 for AMGN. Over the past 12 months, GILD leads with a +32.9% total return vs AMGN's +21.1%. The 3-year compound annual growth rate (CAGR) favors GILD at 21.4% vs AMGN's 14.7% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +1.4% | +10.4% |
| 1-Year ReturnPast 12 months | +21.1% | +32.9% |
| 3-Year ReturnCumulative with dividends | +50.9% | +79.0% |
| 5-Year ReturnCumulative with dividends | +49.3% | +123.4% |
| 10-Year ReturnCumulative with dividends | +158.7% | +86.7% |
| CAGR (3Y)Annualised 3-year return | +14.7% | +21.4% |
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 | +84.2% | +84.9% |
| RSI (14)Momentum oscillator 0–100 | 32.1 | 43.2 |
| Avg Volume (50D)Average daily shares traded | 2.5M | 5.9M |
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 21.3% upside for GILD (target: $162) vs 6.4% for AMGN (target: $351). For income investors, AMGN offers the higher dividend yield at 2.87% vs GILD's 2.34%.
| 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% | +2.3% |
| Dividend StreakConsecutive years of raises | 15 | 10 |
| Dividend / ShareAnnual DPS | $9.45 | $3.12 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +0.7% |
GILD leads in 3 of 6 categories (Income & Cash Flow, Profitability & Efficiency). AMGN leads in 2 (Valuation Metrics, 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 6. 0% for Gilead Sciences, Inc. (GILD). Amgen Inc. (AMGN) offers the better valuation at 23. 2x trailing P/E (14. 8x 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, Amgen Inc.
(AMGN) is the cheapest at 23. 2x versus Gilead Sciences, Inc. at 351. 3x. On forward P/E, Amgen Inc. is actually cheaper at 14. 8x.
03Which is the better long-term investment — AMGN or GILD?
Over the past 5 years, Gilead Sciences, Inc.
(GILD) delivered a total return of +123. 4%, compared to +49. 3% for Amgen Inc. (AMGN). Over 10 years, the gap is even starker: AMGN returned +158. 7% versus GILD's +86. 7%. 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 139% 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 6. 0% for Gilead Sciences, Inc. (GILD). On earnings-per-share growth, the picture is similar: Amgen Inc. grew EPS 88. 2% year-over-year, compared to -91. 6% for Gilead Sciences, 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?
Amgen Inc.
(AMGN) is the more profitable company, earning 21. 0% net margin versus 1. 7% for Gilead Sciences, Inc. — meaning it keeps 21. 0% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: AMGN leads at 29. 1% versus 5. 8% for GILD. At the gross margin level — before operating expenses — GILD leads at 78. 3%, 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. 8x forward P/E versus 15. 6x for Gilead Sciences, Inc. — 0. 9x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for GILD: 21. 3% 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. 3% 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, +158. 7% 10Y return). Both have compounded well over 10 years (AMGN: +158. 7%, GILD: +86. 7%), 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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