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FibroGen, Inc. (FGEN) 10-Year Financial Performance & Capital Metrics

FGEN • • Industrial / General
HealthcareBiotechnologyMetabolic & Liver DiseasesNASH & Liver Diseases
AboutFibroGen, Inc., a biopharmaceutical company, discovers, develops, and commercializes therapeutics to treat serious unmet medical needs. The company is developing Roxadustat, an oral small molecule inhibitor of hypoxia inducible factor prolyl hydroxylases, which has completed Phase III clinical development for the treatment of anemia in chronic kidney disease in the United States, Europe, China, and Japan; and in Phase II/III development in China for anemia associated with myelodysplastic syndromes. It is also developing Pamrevlumab, a human monoclonal antibody that inhibits the activity of connective tissue growth factor that is in Phase III clinical development for the treatment of idiopathic pulmonary fibrosis, pancreatic cancer, liver fibrosis, and diabetic kidney disease, as well as Phase III trial for the treatment of Duchenne muscular dystrophy. The company has collaboration agreements with Astellas Pharma Inc. and AstraZeneca AB. FibroGen, Inc. was incorporated in 1993 and is headquartered in San Francisco, California.Show more
  • Revenue $30M -36.7%
  • EBITDA -$148M +52.8%
  • Net Income -$48M +83.3%
  • EPS (Diluted) -0.48 +83.6%
  • Gross Margin 47.47% -48.1%
  • EBITDA Margin -498.71% +25.4%
  • Operating Margin -507.8% +26.4%
  • Net Margin -160.63% +73.6%
  • ROE -
  • ROIC -
  • Debt/Equity -
  • Interest Coverage -18.24 +54.3%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓High quality earnings: Operating CF exceeds net income

✗Weaknesses

  • ✗Weak Piotroski F-Score: 2/9
  • ✗Negative free cash flow
  • ✗Sales declining 35.1% over 5 years
  • ✗Trading more than 30% below 52-week high
  • ✗Low asset turnover indicates capital-intensive operations

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-14.24%
5Y-35.07%
3Y-49.88%
TTM-218.29%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM277.07%

EPS CAGR

10Y-
5Y-
3Y-
TTM678.32%

ROCE

10Y Avg-44.09%
5Y Avg-73.3%
3Y Avg-97.28%
Latest-104.79%

Peer Comparison

NASH & Liver Diseases
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Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+180.83M179.58M125.67M212.96M256.58M176.32M235.31M140.73M46.8M29.62M
Revenue Growth %0.31%-0.01%-0.3%0.69%0.2%-0.31%0.33%-0.4%-0.67%-0.37%
Cost of Goods Sold+214.09M187.21M196.52M235.84M1.15M8.87M449.19M20.28M3.96M15.56M
COGS % of Revenue1.18%1.04%1.56%1.11%0%0.05%1.91%0.14%0.08%0.53%
Gross Profit+-33.26M-7.63M-70.85M-22.88M255.43M167.45M-213.88M120.45M42.84M14.06M
Gross Margin %-0.18%-0.04%-0.56%-0.11%1%0.95%-0.91%0.86%0.92%0.47%
Gross Profit Growth %-1.52%0.77%-8.29%0.68%12.16%-0.34%-2.28%1.56%-0.64%-0.67%
Operating Expenses+258.45M233.23M248.28M299.65M344.74M359.33M74.65M421.48M365.56M164.48M
OpEx % of Revenue1.43%1.3%1.98%1.41%1.34%2.04%0.32%2.99%7.81%5.55%
Selling, General & Admin44.36M46.02M51.76M63.81M135.48M106.41M0124.69M86.48M49.33M
SG&A % of Revenue0.25%0.26%0.41%0.3%0.53%0.6%-0.89%1.85%1.67%
Research & Development214.09M187.21M196.52M235.84M209.26M252.92M387.04M296.79M266.47M95.69M
R&D % of Revenue1.18%1.04%1.56%1.11%0.82%1.43%1.64%2.11%5.69%3.23%
Other Operating Expenses00042.16M00-312.4M012.61M19.45M
Operating Income+-77.63M-53.65M-122.61M-86.69M-89.31M-191.88M-288.53M-301.02M-322.72M-150.42M
Operating Margin %-0.43%-0.3%-0.98%-0.41%-0.35%-1.09%-1.23%-2.14%-6.9%-5.08%
Operating Income Growth %-0.55%0.31%-1.29%0.29%-0.03%-1.15%-0.5%-0.04%-0.07%0.53%
EBITDA+-71.95M-47.61M-116.51M-80.13M-67.86M-169.83M-273.72M-290.42M-312.79M-147.72M
EBITDA Margin %-0.4%-0.27%-0.93%-0.38%-0.26%-0.96%-1.16%-2.06%-6.68%-4.99%
EBITDA Growth %-0.58%0.34%-1.45%0.31%0.15%-1.5%-0.61%-0.06%-0.08%0.53%
D&A (Non-Cash Add-back)5.68M6.04M6.1M6.56M21.45M22.05M14.81M10.6M9.93M2.69M
EBIT-74.5M-51.03M-110.85M-75.13M-73.77M-186.33M-348.53M-293.43M-315.13M-145.12M
Net Interest Income+-7.91M-8.1M-3.27M577K12.67M3.15M-1.07M6.16M-501K-2.95M
Interest Income3.12M2.63M6.43M11.57M15.55M5.55M-7.6M7.59M5.3M
Interest Expense11.03M10.72M9.71M10.99M2.88M2.4M1.07M1.44M8.1M8.25M
Other Income/Expense-7.91M-8.1M-3.27M577K12.67M2.95M-1.15M7.73M-501K-2.95M
Pretax Income+-85.54M-61.75M-125.88M-86.12M-76.64M-188.93M-289.68M-293.3M-323.22M-153.37M
Pretax Margin %-0.47%-0.34%-1%-0.4%-0.3%-1.07%-1.23%-2.08%-6.91%-5.18%
Income Tax+242K-71K321K304K328K360K347K358K-252K-269K
Effective Tax Rate %1%1%1%1%1%1%1%1%0.88%0.31%
Net Income+-85.78M-61.68M-126.2M-86.42M-76.97M-189.29M-290.02M-293.65M-284.23M-47.58M
Net Margin %-0.47%-0.34%-1%-0.41%-0.3%-1.07%-1.23%-2.09%-6.07%-1.61%
Net Income Growth %-0.44%0.28%-1.05%0.32%0.11%-1.46%-0.53%-0.01%0.03%0.83%
Net Income (Continuing)-85.78M-61.68M-120.88M-86.42M-76.97M-189.29M-290.02M-293.65M-322.97M-153.1M
Discontinued Operations0000000038.74M105.52M
Minority Interest19.27M19.27M19.27M19.27M19.27M19.27M19.97M19.97M41.97M41.97M
EPS (Diluted)+-1.42-0.98-1.73-1.03-0.89-2.11-3.15-3.15-2.92-0.48
EPS Growth %-0.37%0.31%-0.77%0.4%0.14%-1.37%-0.49%0%0.07%0.84%
EPS (Basic)-1.42-0.98-1.73-1.03-0.89-2.11-3.15-3.15-2.92-0.48
Diluted Shares Outstanding60.34M62.74M72.99M84.06M86.63M89.85M92.35M93.58M97.3M100.04M
Basic Shares Outstanding60.34M62.74M72.99M84.06M86.63M89.85M92.35M93.58M97.3M100.04M
Dividend Payout Ratio----------

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+200.56M266.52M748.97M690.01M702.49M755.11M474.06M492.83M331.56M196.51M
Cash & Short-Term Investments181.17M253.18M735.72M621.4M533.76M686.54M405.19M422.01M235.59M50.48M
Cash Only153.32M173.78M673.66M89.26M126.27M678.39M171.22M155.7M113.69M50.48M
Short-Term Investments27.85M79.4M62.06M532.14M407.49M8.14M233.97M266.31M121.9M0
Accounts Receivable15.4M10.45M8.45M63.68M153.66M41.88M25.4M16.3M41.05M481K
Days Sales Outstanding31.0921.2424.55109.15218.686.739.442.27320.165.93
Inventory00006.89M16.53M31.02M40.44M41.56M3.15M
Days Inventory Outstanding----2.19K680.2925.2727.773.83K74
Other Current Assets3.99M2.89M4.8M4.93M1.72M1.81M5.07M4.35M6.71M140.49M
Total Non-Current Assets+270.01M203.04M149.68M190.58M154.91M71.73M299.76M117.26M91.97M18.02M
Property, Plant & Equipment129.02M123.66M129.48M127.2M82.34M63.25M119.39M100.5M81.37M97K
Fixed Asset Turnover1.40x1.45x0.97x1.67x3.12x2.79x1.97x1.40x0.58x305.37x
Goodwill0000000000
Intangible Assets0000000000
Long-Term Investments131.72M71.01M10.51M55.82M61.12M2.97M171.62M9.41M5.29M0
Other Non-Current Assets9.27M8.37M9.7M7.57M11.44M5.5M8.75M7.35M5.31M17.92M
Total Assets+470.57M469.55M898.65M880.6M857.4M826.84M773.82M610.09M423.53M214.53M
Asset Turnover0.38x0.38x0.14x0.24x0.30x0.21x0.30x0.23x0.11x0.14x
Asset Growth %-0.03%-0%0.91%-0.02%-0.03%-0.04%-0.06%-0.21%-0.31%-0.49%
Total Current Liabilities+67.18M65.13M77.26M89.03M102.75M163.19M225.5M273.56M217.67M133.31M
Accounts Payable6.52M6.22M5.51M9.14M6.09M24.79M26.1M30.76M17.96M5.06M
Days Payables Outstanding11.1212.1310.2314.141.94K1.02K21.21553.581.65K118.78
Short-Term Debt0000983K00040K0
Deferred Revenue (Current)1000K1000K1000K1000K490K1000K1000K1000K1000K0
Other Current Liabilities34.4M36.68M17.38M44.69M63.05M95.53M4.91M7.25M152.58M115.23M
Current Ratio2.99x4.09x9.69x7.75x6.84x4.63x2.10x1.80x1.52x1.47x
Quick Ratio2.99x4.09x9.69x7.75x6.77x4.53x1.96x1.65x1.33x1.45x
Cash Conversion Cycle----472.86-253.1943.4216.462.49K-38.85
Total Non-Current Liabilities+206.57M229.32M238.94M263.1M219.25M222.2M319.21M338M368.06M264.85M
Long-Term Debt0000000089.7M90.1M
Capital Lease Obligations97.04M97.35M97.76M97.16M38.55M26.24M88.78M79.59M66.64M70K
Deferred Tax Liabilities4.7M4.21M3.66M3.04M000000
Other Non-Current Liabilities24.39M25.26M167.19M29.83M81.25M57.49M43.63M72.69M54.17M174.68M
Total Liabilities273.75M294.44M316.2M352.13M321.99M385.39M544.71M611.57M585.73M398.16M
Total Debt+97.04M97.35M97.76M97.16M51.89M39.76M99.72M89.89M170.46M90.17M
Net Debt-56.28M-76.43M-575.89M7.9M-74.38M-638.63M-71.5M-65.81M56.77M39.69M
Debt / Equity0.49x0.56x0.17x0.18x0.10x0.09x0.44x---
Debt / EBITDA----------
Net Debt / EBITDA----------
Interest Coverage-7.04x-5.00x-12.63x-7.89x-31.05x-79.88x-268.40x-209.05x-39.87x-18.24x
Total Equity+196.82M175.11M582.45M528.47M535.41M441.45M229.11M-1.48M-162.2M-183.63M
Equity Growth %-0.18%-0.11%2.33%-0.09%0.01%-0.18%-0.48%-1.01%-108.59%-0.13%
Book Value per Share3.262.797.986.296.184.912.48-0.02-1.67-1.84
Total Shareholders' Equity177.55M155.84M563.18M509.2M516.13M422.18M209.15M-21.45M-204.17M-225.6M
Common Stock620K637K825K854K877K914K929K942K988K1.01M
Retained Earnings-408.06M-469.74M-595.95M-715.83M-784.72M-974.01M-1.26B-1.56B-1.84B-1.89B
Treasury Stock0000000000
Accumulated OCI-1.65M-960K-1.79M-2.28M-747K-4.5M-4.16M-5.72M-6.88M-5.73M
Minority Interest19.27M19.27M19.27M19.27M19.27M19.27M19.97M19.97M41.97M41.97M

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-18.57M7.11M-66.51M-76.14M-78.7M81.6M-82.23M-145.93M-315.02M-138M
Operating CF Margin %-0.1%0.04%-0.53%-0.36%-0.31%0.46%-0.35%-1.04%-6.73%-4.66%
Operating CF Growth %-1.83%1.38%-10.36%-0.14%-0.03%2.04%-2.01%-0.77%-1.16%0.56%
Net Income-85.78M-58.07M-120.88M-86.42M-76.97M-189.29M-290.02M-293.65M-284.23M-47.58M
Depreciation & Amortization5.68M6.04M6.1M6.56M21.45M22.05M14.81M10.6M9.93M2.69M
Stock-Based Compensation27.68M32.13M37.54M52.14M66.27M72.72M71.16M65.6M50.77M25.21M
Deferred Taxes0-211K00000000
Other Non-Cash Items2.89M2.69M1.71M-30K-3.8M1.5M61.74M1.09M28.2M-868K
Working Capital Changes30.96M24.52M9.02M-48.4M-85.66M174.63M60.08M70.43M-119.69M-117.46M
Change in Receivables-1.95M4.96M2M-55.23M35.23M-11.97M25.18M765K3.43M-6.74M
Change in Inventory0000-6.89M-9.18M-14.16M-11M-1.7M22.28M
Change in Payables1.97M-298K-714K3.63M-3.05M17.73M805K5.91M-15.51M14.51M
Cash from Investing+-5.87M6.62M69.87M-522.12M120.02M452.49M-426.97M89.12M153.66M125.99M
Capital Expenditures-1.98M-1.25M-8.5M-8.02M-5.76M-3.99M-5.19M-3.74M-2.52M-266K
CapEx % of Revenue0.01%0.01%0.07%0.04%0.02%0.02%0.02%0.03%0.05%0.01%
Acquisitions----------
Investments----------
Other Investing2K05K184K7K0-25M-34.99M00
Cash from Financing+12.35M6.74M496.47M13.88M-4.3M13.34M-563K46.78M122.75M-255K
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid000000000-2.23M
Share Repurchases----------
Other Financing-2.24M-2.74M-9.24M-15.61M-12.75M-11.46M-7.37M43.13M748K1.88M
Net Change in Cash----------
Free Cash Flow+-20.55M5.86M-75.01M-84.16M-84.47M77.61M-112.42M-184.67M-317.54M-138.26M
FCF Margin %-0.11%0.03%-0.6%-0.4%-0.33%0.44%-0.48%-1.31%-6.78%-4.67%
FCF Growth %-2.44%1.28%-13.81%-0.12%-0%1.92%-2.45%-0.64%-0.72%0.56%
FCF per Share-0.340.09-1.03-1.00-0.970.86-1.22-1.97-3.26-1.38
FCF Conversion (FCF/Net Income)0.22x-0.12x0.53x0.88x1.02x-0.43x0.28x0.50x1.11x2.90x
Interest Paid335K295K255K218K174K135K94K104K54K0
Taxes Paid0000000000

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)-39.21%-33.17%-33.32%-15.56%-14.47%-38.76%-86.5%-258.01%--
Return on Invested Capital (ROIC)-37.2%-33.64%-174.77%-23.95%-13.43%-109.09%-137.3%-499.96%--
Gross Margin-18.39%-4.25%-56.38%-10.74%99.55%94.97%-90.89%85.59%91.53%47.47%
Net Margin-47.44%-34.35%-100.43%-40.58%-30%-107.36%-123.25%-208.66%-607.29%-160.63%
Debt / Equity0.49x0.56x0.17x0.18x0.10x0.09x0.44x---
Interest Coverage-7.04x-5.00x-12.63x-7.89x-31.05x-79.88x-268.40x-209.05x-39.87x-18.24x
FCF Conversion0.22x-0.12x0.53x0.88x1.02x-0.43x0.28x0.50x1.11x2.90x
Revenue Growth31.41%-0.69%-30.02%69.46%20.48%-31.28%33.46%-40.19%-66.74%-36.71%

Revenue by Segment

2015201620172018201920202021202220232024
Drug Product Revenue-----8.91M962K11.09M18.75M27.67M
Drug Product Revenue Growth-------89.20%1052.39%69.16%47.57%
Product-----89.03M----
Product Growth----------
Europe---112.92M132.4M-----
Europe Growth----17.26%-----
JAPAN---100M122.47M-----
JAPAN Growth----22.47%-----
All Other---40K1.7M-----
All Other Growth----4155.00%-----

Revenue by Geography

2015201620172018201920202021202220232024
UNITED STATES------46.12M12.52M12.96M26.11M
UNITED STATES Growth--------72.86%3.53%101.48%
Europe159.12M153.67M108.76M112.92M132.4M67.16M131.24M33.82M9.55M6.27M
Europe Growth--3.43%-29.23%3.82%17.26%-49.27%95.42%-74.23%-71.77%-34.34%
CHINA-----72.5M55.64M84.63M109.38M91K
CHINA Growth-------23.25%52.10%29.24%-99.92%
JAPAN21.6M25.78M16.89M100M122.47M36.66M2.31M9.76M15.87M-2.85M
JAPAN Growth-19.36%-34.50%492.25%22.47%-70.07%-93.71%323.60%62.51%-117.99%
All Other109K130K24K40K1.7M-----
All Other Growth-19.27%-81.54%66.67%4155.00%-----

Frequently Asked Questions

Growth & Financials

FibroGen, Inc. (FGEN) reported $-118.1M in revenue for fiscal year 2024. This represents a 279% decrease from $65.9M in 2012.

FibroGen, Inc. (FGEN) saw revenue decline by 36.7% over the past year.

Yes, FibroGen, Inc. (FGEN) is profitable, generating $215.7M in net income for fiscal year 2024 (-160.6% net margin).

Dividend & Returns

Yes, FibroGen, Inc. (FGEN) pays a dividend with a yield of 0.25%. This makes it attractive for income-focused investors.

FibroGen, Inc. (FGEN) had negative free cash flow of $17.1M in fiscal year 2024, likely due to heavy capital investments.

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