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HALOHalozyme Therapeutics, Inc.
$125.63$14.9B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
HALO logo

Halozyme Therapeutics, Inc.

HALO
NASDAQ · Biotechnology
$125.63
At close - Oct 23, 4:00 PM EDT - USD
Market Cap$14.9B
P/E49.1x
52W High$126.23
Volume1.53M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Royalty Growth Accelerates Amid Acquisition Debt Strain

Halozyme's revenue momentum is accelerating sharply, with 2026Q2 revenue up 47.7% year-over-year to $481.0M and gross margin expanding to 83.5%, driven by its asset-light royalty model and strong partner demand. Operating leverage is evident as operating margi...

GrowthAccelerating
ProfitabilityStrong
ValuationAttractive
TechnicalsStrong
Explore valuation models
MARKET ACTION

HALO price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

10/12 Beats

EPS beat 10 of last 12 quarters

02

Valuation risk

+127% Peers

P/E is 127% above peer median

03

Market leadership

RS 95 · Leader

High momentum (Outperforming 95% of market)

04

Strong Uptrend

Strong Trend

Price > 20DMA > 50DMA > 200DMA

Next CatalystConfirmed earnings · Nov 5
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue growth accelerated to 47.7% year-over-year in 2026Q2, with gross margin expanding to 83.5% and operating margin reaching 59.8%, though a one-time charge in 2025Q4 caused a net loss of $141.6M.

Analyst Consensus-12.4% target
Buy(27 analysts)
18 Buy8 Hold1 Sell

The Bull Case

Upside Catalysts

Stock trading and investing

Halozyme Therapeutics, Inc. (HALO) stock is actively traded with vital information available for investors.

Detailed stock overview

HALO stock provides real-time price data, charts, key statistics, and news for informed decisions.

Stock analysis and targets

MarketBeat offers HALO stock analysis, price targets, earnings estimates, and short interest data.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 10/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
HALO+78.68%
S&P 500 (^GSPC)+11.24%
1-Year Return
HALO+87.82%
S&P 500 (^GSPC)+13.13%
3-Year Return
HALO+261.32%
S&P 500 (^GSPC)+82.74%
5-Year Return
HALO+226.82%
S&P 500 (^GSPC)+70.64%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y High
49.1x
Forward P/EExpansion
14.6x
EV/EBITDA60th %ile
18.7x
FCF YieldCash Flow
4.3%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
49.1x
17.6x
100th· High
EV/EBITDA
18.7x
15.0x
60th· Fair
Price/FCF
23.1x
13.3x
80th· High
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$118.41-5.7%
Base (Fair)$190.66+51.8%
Bull$339.71+170.4%
$118.41 Bear$190.66 Base$339.71 Bull
Current Market Price: $125.63
Trades at a 34.1% discount to Base DCF ($190.66)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$1.4B+37.6% YoY
Net income
$317M-28.6% YoY
Free cash flow
$645M+37.6% YoY
Operating margin
58.4%+4.1 pts YoY
ROIC (TTM)32.1%
Avg ROIC 5Y-
ROE (TTM)153.6%
Piotroski Score5 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate10/12 (83%)
Revenue Beat Rate5/12 (42%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 6, 2026
$2.28+27.4%
vs $1.79
$481M+19.6%
vs $402M
Q2 2026
May 11, 2026
$1.60+3.2%
vs $1.55
$377M+5.0%
vs $359M
Q1 2026
Feb 17, 2026
-$0.24-111.2%
vs $2.15
$452M+3.7%
vs $436M
Q4 2025
Nov 3, 2025
$1.72+5.5%
vs $1.63
$354M-20.7%
vs $447M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Defense World·6d ago
Halozyme Therapeutics, Inc. $HALO Stock Position Cut by First Citizens Bank & Trust Co.

First Citizens Bank and Trust Co. decreased its position in Halozyme Therapeutics, Inc. (NASDAQ: HALO) by 59.5% during the undefined quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,617 shares of the biopharmaceutical company's stock after selling 5,312 shares during the quarter. First Citizens

Zacks Investment Research·Oct 16, 2026
5 Stocks to Buy Using the Relative Price Strength Strategy

HALO, GCT, LIND, PR and CVX stand out as relative strength picks amid market volatility, backed by strong price performance and upbeat earnings estimates.

Zacks Investment Research·Oct 16, 2026
Buy 5 Top-Ranked Non-Tech Nasdaq Stocks to Maximize Q4 Gains

ROST, ROKU, APA, CORT and HALO are five non-tech Nasdaq stocks riding strong growth trends and rising earnings estimates, positioning them for potential gains in Q4.

Zacks Investment Research·Oct 14, 2026
3 Reasons Why Growth Investors Shouldn't Overlook Halozyme Therapeutics (HALO)

Halozyme Therapeutics (HALO) could produce exceptional returns because of its solid growth attributes.

Filtered for Halozyme Therapeutics, Inc.More Headlines
04

Compare before deciding

Benchmark HALO against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Halozyme Therapeutics, Inc. (HALO)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
HALO logoHALOHalozyme Therapeutics, Inc.Current
$125.63$14.9B49.0737.55%22.69%153.59%—
ALNY logoALNYAlnylam Pharmaceuticals, Inc.
$224.03$29.91B96.1565.19%16.82%93.61%—
IONS logoIONSIonis Pharmaceuticals, Inc.
$42.93$7.13B-18.0433.87%-64.64%-110.84%—
ARWR logoARWRArrowhead Pharmaceuticals, Inc.
$58.02$8.17B-4755.7423258.15%-47.79%-60.05%—
EXEL logoEXELExelixis, Inc.
$64.53$16.22B23.216.98%35.33%42.49%—
INVA logoINVAInnoviva, Inc.
$20.66$1.52B6.2618.52%80.56%30.03%—

Compare HALO vs Peers

Halozyme Therapeutics, Inc. (HALO) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs ALNY

Most directly comparable listed peer for HALO.

Scale Benchmark

vs JNJ

Larger-name benchmark to compare HALO against a more recognizable public peer.

Peer Set

Compare Top 5

vs ALNY, IONS, ARWR, EXEL

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

HALO SEC Filings & Documents

Halozyme Therapeutics, Inc. (HALO) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 6, 2026·SEC

Material company update

Jul 2, 2026·SEC

Material company update

May 11, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 17, 2026·SEC

FY 2025

Feb 18, 2025·SEC

FY 2024

Feb 20, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 6, 2026·SEC

FY 2026

May 11, 2026·SEC

FY 2025

Nov 3, 2025·SEC

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HALO Frequently Asked Questions

Halozyme Therapeutics, Inc. (HALO) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Halozyme Therapeutics, Inc.'s revenue?

Halozyme Therapeutics, Inc. (HALO) reported $1.66B in revenue for fiscal year 2025. This represents a 6739774% increase from $0.0M in 2001.

How fast is Halozyme Therapeutics, Inc. growing?

Halozyme Therapeutics, Inc. (HALO) grew revenue by 37.6% over the past year. This is strong growth.

Is HALO profitable?

Yes, Halozyme Therapeutics, Inc. (HALO) is profitable, generating $413.6M in net income for fiscal year 2025 (22.7% net margin).

Dividend & Returns
What is HALO's return on equity?

Halozyme Therapeutics, Inc. (HALO) has a return on equity (ROE) of 153.6%. This is excellent, indicating efficient use of shareholder capital.

What is Halozyme Therapeutics, Inc.'s free cash flow?

Halozyme Therapeutics, Inc. (HALO) generated $806.2M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in HALO back in 2001?

Total return calculator · dividends reinvested · 25+ years of data

See returns →