Drug Manufacturers - General
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AMGN vs REGN vs GILD vs BIIB
Revenue, margins, valuation, and 5-year total return — side by side.
Biotechnology
Drug Manufacturers - General
Drug Manufacturers - General
AMGN vs REGN vs GILD vs BIIB — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||||
|---|---|---|---|---|
| Industry | Drug Manufacturers - General | Biotechnology | Drug Manufacturers - General | Drug Manufacturers - General |
| Market Cap | $177.59B | $73.68B | $166.40B | $28.25B |
| Revenue (TTM) | $37.24B | $14.92B | $29.73B | $9.86B |
| Net Income (TTM) | $7.80B | $4.42B | $9.22B | $1.37B |
| Gross Margin | 71.5% | 84.5% | 63.0% | 69.8% |
| Operating Margin | 31.6% | 24.3% | 38.2% | 15.6% |
| Forward P/E | 14.7x | 15.3x | 15.7x | 13.0x |
| Total Debt | $54.60B | $2.71B | $24.59B | $6.95B |
| Cash & Equiv. | $9.13B | $3.12B | $7.56B | $3.01B |
AMGN vs REGN vs GILD vs BIIB — 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% |
| Regeneron Pharmaceu… (REGN) | 100 | 115.7 | +15.7% |
| Gilead Sciences, In… (GILD) | 100 | 172.2 | +72.2% |
| Biogen Inc. (BIIB) | 100 | 62.3 | -37.7% |
Price return only. Dividends and distributions are not included.
Quick Verdict: AMGN vs REGN vs GILD vs BIIB
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%
- 156.4% 10Y total return vs GILD's 87.8%
- Beta 0.60, yield 2.9%, current ratio 1.14x
REGN lags the leaders in this set but could rank higher in a more targeted comparison.
GILD is the #2 pick in this set and the best alternative if valuation efficiency is your priority.
- PEG 0.15 vs AMGN's 5.01
- 31.0% margin vs BIIB's 13.9%
- 16.1% ROA vs BIIB's 4.7%, ROIC 23.4% vs 6.5%
BIIB is the clearest fit if your priority is sleep-well-at-night.
- Lower volatility, beta 0.64, Low D/E 38.1%, current ratio 2.68x
- Lower P/E (13.0x vs 15.3x)
- +63.3% vs AMGN's +22.8%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 9.9% revenue growth vs REGN's 1.0% | |
| Value | Lower P/E (13.0x vs 15.3x) | |
| Quality / Margins | 31.0% margin vs BIIB's 13.9% | |
| Stability / Safety | Beta 0.60 vs REGN's 0.81 | |
| Dividends | 2.9% yield, 15-year raise streak, vs REGN's 0.5%, (1 stock pays no dividend) | |
| Momentum (1Y) | +63.3% vs AMGN's +22.8% | |
| Efficiency (ROA) | 16.1% ROA vs BIIB's 4.7%, ROIC 23.4% vs 6.5% |
AMGN vs REGN vs GILD vs BIIB — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
AMGN vs REGN vs GILD vs BIIB — Financial Metrics
Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
GILD leads in 2 of 6 categories
BIIB leads 1 • AMGN leads 1 • REGN leads 0 • 2 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
GILD leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
AMGN is the larger business by revenue, generating $37.2B annually — 3.8x BIIB's $9.9B. GILD is the more profitable business, keeping 31.0% of every revenue dollar as net income compared to BIIB's 13.9%. On growth, REGN holds the edge at +19.0% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||||
|---|---|---|---|---|
| RevenueTrailing 12 months | $37.2B | $14.9B | $29.7B | $9.9B |
| EBITDAEarnings before interest/tax | $15.6B | $4.2B | $12.1B | $2.4B |
| Net IncomeAfter-tax profit | $7.8B | $4.4B | $9.2B | $1.4B |
| Free Cash FlowCash after capex | $8.6B | $4.2B | $10.3B | $2.6B |
| Gross MarginGross profit ÷ Revenue | +71.5% | +84.5% | +63.0% | +69.8% |
| Operating MarginEBIT ÷ Revenue | +31.6% | +24.3% | +38.2% | +15.6% |
| Net MarginNet income ÷ Revenue | +20.9% | +29.6% | +31.0% | +13.9% |
| FCF MarginFCF ÷ Revenue | +23.1% | +27.9% | +34.8% | +26.6% |
| Rev. Growth (YoY)Latest quarter vs prior year | +5.8% | +19.0% | +4.4% | +1.9% |
| EPS Growth (YoY)Latest quarter vs prior year | +4.4% | -7.2% | +54.8% | +31.1% |
Valuation Metrics
BIIB leads this category, winning 5 of 7 comparable metrics.
Valuation Metrics
At 17.1x trailing earnings, REGN trades at a 26% 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 | $73.7B | $166.4B | $28.3B |
| Enterprise ValueMkt cap + debt − cash | $223.1B | $73.3B | $183.4B | $32.2B |
| Trailing P/EPrice ÷ TTM EPS | 23.12x | 17.09x | 19.77x | 21.67x |
| Forward P/EPrice ÷ next-FY EPS est. | 14.74x | 15.35x | 15.69x | 13.05x |
| PEG RatioP/E ÷ EPS growth rate | 7.86x | 2.70x | 0.15x | — |
| EV / EBITDAEnterprise value multiple | 14.08x | 17.78x | 16.95x | 11.45x |
| Price / SalesMarket cap ÷ Revenue | 4.83x | 5.14x | 5.65x | 2.88x |
| Price / BookPrice ÷ Book value/share | 20.60x | 2.46x | 7.44x | 1.54x |
| Price / FCFMarket cap ÷ FCF | 21.92x | 18.06x | 17.60x | 13.78x |
Profitability & Efficiency
Evenly matched — REGN and GILD each lead in 4 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 $8 for BIIB. REGN carries lower financial leverage with a 0.09x 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 BIIB's 5/9, reflecting strong financial health.
| Metric | ||||
|---|---|---|---|---|
| ROE (TTM)Return on equity | +89.4% | +14.3% | +42.3% | +7.5% |
| ROA (TTM)Return on assets | +8.6% | +11.1% | +16.1% | +4.7% |
| ROICReturn on invested capital | +14.8% | +8.9% | +23.4% | +6.5% |
| ROCEReturn on capital employed | +16.0% | +10.2% | +25.1% | +7.7% |
| Piotroski ScoreFundamental quality 0–9 | 7 | 5 | 9 | 5 |
| Debt / EquityFinancial leverage | 6.31x | 0.09x | 1.09x | 0.38x |
| Net DebtTotal debt minus cash | $45.5B | -$412M | $17.0B | $3.9B |
| Cash & Equiv.Liquid assets | $9.1B | $3.1B | $7.6B | $3.0B |
| Total DebtShort + long-term debt | $54.6B | $2.7B | $24.6B | $6.9B |
| Interest CoverageEBIT ÷ Interest expense | 5.02x | 108.44x | 8.87x | 6.91x |
Total Returns (Dividends Reinvested)
GILD leads this category, winning 4 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 $6,984 for BIIB. Over the past 12 months, BIIB leads with a +63.3% total return vs AMGN's +22.8%. The 3-year compound annual growth rate (CAGR) favors GILD at 22.2% vs BIIB's -15.2% — a key indicator of consistent wealth creation.
| Metric | ||||
|---|---|---|---|---|
| YTD ReturnYear-to-date | +1.2% | -8.5% | +10.9% | +7.6% |
| 1-Year ReturnPast 12 months | +22.8% | +27.1% | +38.8% | +63.3% |
| 3-Year ReturnCumulative with dividends | +51.9% | -5.1% | +82.4% | -39.1% |
| 5-Year ReturnCumulative with dividends | +46.2% | +43.6% | +124.2% | -30.2% |
| 10-Year ReturnCumulative with dividends | +156.4% | +90.0% | +87.8% | -29.2% |
| CAGR (3Y)Annualised 3-year return | +15.0% | -1.7% | +22.2% | -15.2% |
Risk & Volatility
Evenly matched — AMGN and BIIB 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 REGN's 0.81 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. BIIB currently trades 94.6% from its 52-week high vs AMGN's 84.1% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||||
|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.60x | 0.81x | 0.66x | 0.64x |
| 52-Week HighHighest price in past year | $391.29 | $821.11 | $157.29 | $202.41 |
| 52-Week LowLowest price in past year | $261.43 | $476.49 | $95.30 | $115.25 |
| % of 52W HighCurrent price vs 52-week peak | +84.1% | +86.4% | +85.2% | +94.6% |
| RSI (14)Momentum oscillator 0–100 | 39.4 | 44.9 | 52.6 | 56.6 |
| Avg Volume (50D)Average daily shares traded | 2.5M | 631K | 5.8M | 1.0M |
Analyst Outlook
AMGN leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: AMGN as "Buy", REGN as "Buy", GILD as "Buy", BIIB as "Buy". Consensus price targets imply 22.1% upside for REGN (target: $866) vs 6.6% for AMGN (target: $351). For income investors, AMGN offers the higher dividend yield at 2.87% vs REGN's 0.48%.
| Metric | ||||
|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy | Buy | Buy |
| Price TargetConsensus 12-month target | $350.76 | $865.68 | $161.88 | $211.42 |
| # AnalystsCovering analysts | 38 | 48 | 58 | 48 |
| Dividend YieldAnnual dividend ÷ price | +2.9% | +0.5% | +2.4% | — |
| Dividend StreakConsecutive years of raises | 15 | 1 | 11 | 0 |
| Dividend / ShareAnnual DPS | $9.45 | $3.41 | $3.19 | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +5.4% | +1.2% | 0.0% |
GILD leads in 2 of 6 categories (Income & Cash Flow, Total Returns). BIIB leads in 1 (Valuation Metrics). 2 tied.
AMGN vs REGN vs GILD vs BIIB: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is AMGN or REGN or GILD or BIIB a better buy right now?
For growth investors, Amgen Inc.
(AMGN) is the stronger pick with 9. 9% revenue growth year-over-year, versus 1. 0% for Regeneron Pharmaceuticals, Inc. (REGN). Regeneron Pharmaceuticals, Inc. (REGN) offers the better valuation at 17. 1x trailing P/E (15. 3x 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 REGN or GILD or BIIB?
On trailing P/E, Regeneron Pharmaceuticals, Inc.
(REGN) is the cheapest at 17. 1x versus Amgen Inc. at 23. 1x. On forward P/E, Biogen Inc. is actually cheaper at 13. 0x — notably different from the trailing picture, reflecting expected earnings growth. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Regeneron Pharmaceuticals, Inc. wins at 2. 43x versus Amgen Inc. 's 5. 01x.
03Which is the better long-term investment — AMGN or REGN or GILD or BIIB?
Over the past 5 years, Gilead Sciences, Inc.
(GILD) delivered a total return of +124. 2%, compared to -30. 2% for Biogen Inc. (BIIB). Over 10 years, the gap is even starker: AMGN returned +156. 4% versus BIIB's -29. 2%. 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 REGN or GILD or BIIB?
By beta (market sensitivity over 5 years), Amgen Inc.
(AMGN) is the lower-risk stock at 0. 60β versus Regeneron Pharmaceuticals, Inc. 's 0. 81β — meaning REGN is approximately 34% more volatile than AMGN relative to the S&P 500. On balance sheet safety, Regeneron Pharmaceuticals, Inc. (REGN) carries a lower debt/equity ratio of 9% versus 6% for Amgen Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — AMGN or REGN or GILD or BIIB?
By revenue growth (latest reported year), Amgen Inc.
(AMGN) is pulling ahead at 9. 9% versus 1. 0% for Regeneron Pharmaceuticals, Inc. (REGN). On earnings-per-share growth, the picture is similar: Gilead Sciences, Inc. grew EPS 1684% year-over-year, compared to -21. 1% for Biogen 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 REGN or GILD or BIIB?
Regeneron Pharmaceuticals, Inc.
(REGN) is the more profitable company, earning 31. 4% net margin versus 13. 2% for Biogen Inc. — meaning it keeps 31. 4% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: GILD leads at 40. 1% versus 19. 1% for BIIB. 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 REGN or GILD or BIIB more undervalued right now?
The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.
By this metric, Regeneron Pharmaceuticals, Inc. (REGN) is the more undervalued stock at a PEG of 2. 43x versus Amgen Inc. 's 5. 01x. Both stocks trade at elevated growth-adjusted valuations, so expected growth needs to materialise. On forward earnings alone, Biogen Inc. (BIIB) trades at 13. 0x forward P/E versus 15. 7x for Gilead Sciences, Inc. — 2. 6x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for REGN: 22. 1% to $865. 68.
08Which pays a better dividend — AMGN or REGN or GILD or BIIB?
In this comparison, AMGN (2.
9% yield), GILD (2. 4% yield), REGN (0. 5% yield) pay a dividend. BIIB does not pay a meaningful dividend and should not be held primarily for income.
09Is AMGN or REGN or GILD or BIIB 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%, REGN: +90. 0%), 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 REGN and GILD and BIIB?
Both stocks operate in the Healthcare sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: AMGN is a mid-cap quality compounder stock; REGN is a mid-cap deep-value stock; GILD is a mid-cap quality compounder stock; BIIB is a mid-cap quality compounder stock. AMGN, GILD pay a dividend while REGN, BIIB do not, making them suitable for different income and tax situations. 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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