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Supernus Pharmaceuticals, Inc. (SUPN) 10-Year Financial Performance & Capital Metrics

SUPN • • Industrial / General
HealthcareSpecialty & Generic PharmaSpecialty PharmaceuticalsCNS & Pain Management
AboutSupernus Pharmaceuticals, Inc., a biopharmaceutical company, focuses on the development and commercialization of products for the treatment of central nervous system (CNS) diseases in the United States. Its commercial products are Trokendi XR, an extended release topiramate product indicated for the treatment of epilepsy, as well as for the prophylaxis of migraine headache; and Oxtellar XR, an extended release oxcarbazepine for the monotherapy treatment of partial onset epilepsy seizures in adults and children between 6 to 17 years of age. The company's commercial products also comprise Qelbree, a selective norepinephrine reuptake inhibitor indicated for the treatment of attention-deficit hyperactivity disorder (ADHD) in pediatric patients 6 to 17 years of age; APOKYN for the acute intermittent treatment of hypomobility or off episodes in patients with advanced Parkinson's Disease (PD); XADAGO for treating levodopa/carbidopa in patients with PD experiencing off episodes; MYOBLOC, a Type B toxin product indicated for the treatment of cervical dystonia and sialorrhea in adults; GOCOVRI for the treatment of dyskinesia in patients with PD; and Osmolex ER for the treatment of Parkinson's disease and drug-induced extrapyramidal reaction in adult patients. In addition, its product candidates include Qelbree (SPN-812), which has completed Phase III clinical trials that is used for the treatment of ADHD; SPN-830, a late-stage drug/device combination product candidate for the prevention of off episodes in PD patients; SPN-817, a novel product candidate in Phase I clinical trials for the treatment of severe epilepsy; SPN-820, a product candidate in Phase II clinical trials for treating resistant depression; and SPN-443 and SPN-446, which are in preclinical stage for treating CNS. The company markets and sells its products through pharmaceutical wholesalers, specialty pharmacies, and distributors. The company was incorporated in 2005 and is headquartered in Rockville, Maryland.Show more
  • Revenue $662M +8.9%
  • EBITDA $162M +103.6%
  • Net Income $74M +5512.8%
  • EPS (Diluted) 1.32 +5469.6%
  • Gross Margin 88.23% +2.3%
  • EBITDA Margin 24.49% +86.9%
  • Operating Margin 12.34% +1522.8%
  • Net Margin 11.16% +5052.8%
  • ROE 7.55% +5083.9%
  • ROIC 6.49% +1844.5%
  • Debt/Equity 0.03 -26.6%
  • Interest Coverage -
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓Strong Piotroski F-Score: 8/9
  • ✓FCF machine: 25.9% free cash flow margin
  • ✓Momentum leader: RS Rating 81 (top 19%)
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Strong 5Y sales CAGR of 11.0%

✗Weaknesses

  • ✗Weak 3Y average ROE of 4.9%

* 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

10Y18.42%
5Y11%
3Y4.51%
TTM4.54%

Profit (Net Income) CAGR

10Y14.03%
5Y-8.16%
3Y11.4%
TTM-132.02%

EPS CAGR

10Y15.22%
5Y-8.87%
3Y10.44%
TTM-131.74%

ROCE

10Y Avg15.75%
5Y Avg6.63%
3Y Avg3.75%
Latest7.92%

Peer Comparison

CNS & Pain Management
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
NBIXNeurocrine Biosciences, Inc.13.49B135.3341.1324.81%15.95%14.25%4.13%0.18
SUPNSupernus Pharmaceuticals, Inc.2.97B51.8039.248.94%-2.8%-1.82%5.76%0.03
PTPIPetros Pharmaceuticals, Inc.338.98K0.01-0.00-12.2%-9.68%-208.53%
QNTMQuantum BioPharma Ltd.26.94M7.01-0.56-379.78%0.08
AYTUAytu BioPharma, Inc.28.02M2.75-1.271.84%-20.52%-56.41%1.21
AQSTAquestive Therapeutics, Inc.429.45M3.52-6.9013.8%-158.95%
AVDLAvadel Pharmaceuticals plc2.11B21.50-42.165.05%-0.11%-0.28%0.02
RGCRegencell Bioscience Holdings Limited17.39B35.17-4042.53-67.02%0.01

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+144.43M215M302.24M408.9M392.75M520.4M579.77M667.24M607.52M661.82M
Revenue Growth %0.18%0.49%0.41%0.35%-0.04%0.32%0.11%0.15%-0.09%0.09%
Cost of Goods Sold+8.42M11.99M15.21M15.36M16.66M52.46M75.06M87.22M83.78M77.91M
COGS % of Revenue0.06%0.06%0.05%0.04%0.04%0.1%0.13%0.13%0.14%0.12%
Gross Profit+136M203.02M287.02M393.54M376.1M467.94M504.71M580.02M523.74M583.91M
Gross Margin %0.94%0.94%0.95%0.96%0.96%0.9%0.87%0.87%0.86%0.88%
Gross Profit Growth %0.17%0.49%0.41%0.37%-0.04%0.24%0.08%0.15%-0.1%0.11%
Operating Expenses+118.34M148.8M187.48M249.1M227.52M294.24M418.69M533.89M529.01M502.25M
OpEx % of Revenue0.82%0.69%0.62%0.61%0.58%0.57%0.72%0.8%0.87%0.76%
Selling, General & Admin89.2M106.01M137.91M159.89M158.43M200.68M304.76M377.22M336.36M335.78M
SG&A % of Revenue0.62%0.49%0.46%0.39%0.4%0.39%0.53%0.57%0.55%0.51%
Research & Development29.14M42.79M49.58M89.21M69.1M75.96M90.47M74.55M91.59M108.8M
R&D % of Revenue0.2%0.2%0.16%0.22%0.18%0.15%0.16%0.11%0.15%0.16%
Other Operating Expenses38K-15K00017.6M23.46M82.12M101.06M57.67M
Operating Income+17.66M54.22M99.54M144.44M148.57M173.7M86.03M46.12M-5.27M81.67M
Operating Margin %0.12%0.25%0.33%0.35%0.38%0.33%0.15%0.07%-0.01%0.12%
Operating Income Growth %-0.27%2.07%0.84%0.45%0.03%0.17%-0.5%-0.46%-1.11%16.5%
EBITDA+18.59M56.62M107.67M151.51M158.8M191.84M118.62M131.67M79.59M162.08M
EBITDA Margin %0.13%0.26%0.36%0.37%0.4%0.37%0.2%0.2%0.13%0.24%
EBITDA Growth %-0.26%2.05%0.9%0.41%0.05%0.21%-0.38%0.11%-0.4%1.04%
D&A (Non-Cash Add-back)921K2.4M8.13M7.06M10.22M18.14M32.59M85.54M84.86M80.41M
EBIT20.84M54.22M99.54M144.44M170.19M192.4M96.6M67.81M5.18M97.87M
Net Interest Income+-4.09M-3.62M1.08M-4.27M-1.08M-5.05M-12.85M14.62M8.04M16.2M
Interest Income681K1.48M2.65M13.84M21.62M18.7M10.57M21.69M10.45M16.2M
Interest Expense4.77M5.09M1.57M18.11M22.71M23.75M23.42M7.07M2.42M0
Other Income/Expense-6.23M-3.85M1.08M-4.27M-1.08M-5.05M-12.85M14.62M8.04M16.2M
Pretax Income+14.97M50.37M100.62M140.18M147.49M168.65M73.17M60.74M2.77M97.87M
Pretax Margin %0.1%0.23%0.33%0.34%0.38%0.32%0.13%0.09%0%0.15%
Income Tax+956K-40.85M43.33M29.18M34.43M41.7M19.75M32K1.45M24M
Effective Tax Rate %0.94%1.81%0.57%0.79%0.77%0.75%0.73%1%0.48%0.75%
Net Income+14.02M91.22M57.28M110.99M113.06M126.95M53.42M60.71M1.32M73.86M
Net Margin %0.1%0.42%0.19%0.27%0.29%0.24%0.09%0.09%0%0.11%
Net Income Growth %-0.29%5.51%-0.37%0.94%0.02%0.12%-0.58%0.14%-0.98%55.13%
Net Income (Continuing)13.94M91.22M57.28M110.99M113.06M126.95M53.42M60.71M1.32M73.86M
Discontinued Operations0000000000
Minority Interest0000000000
EPS (Diluted)+0.281.761.082.052.102.360.981.040.021.32
EPS Growth %-0.13%5.29%-0.39%0.9%0.02%0.12%-0.58%0.06%-0.98%54.7%
EPS (Basic)0.291.841.132.132.162.411.011.130.021.34
Diluted Shares Outstanding51.16M51.71M53.3M54.1M53.82M53.69M54.36M61.68M55.51M55.96M
Basic Shares Outstanding47.49M49.47M50.76M51.99M52.41M52.62M53.1M53.67M54.54M55.1M
Dividend Payout Ratio----------

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+105.98M151.4M228.45M493.49M472.64M630.42M601.59M734.15M493.11M686.07M
Cash & Short-Term Investments62.19M90.12M140.04M356.02M347.07M422.53M339.68M461.33M254.87M453.61M
Cash Only62.19M90.12M100.3M192.25M181.38M288.64M203.43M93.12M75.05M69.33M
Short-Term Investments0039.74M163.77M165.69M133.89M136.25M368.21M179.82M384.28M
Accounts Receivable25.91M41.53M65.59M102.92M87.33M140.88M148.93M165.5M144.16M142.08M
Days Sales Outstanding65.4870.579.2191.8781.1698.8193.7690.5386.6178.36
Inventory12.59M16.8M16.3M25.66M26.63M48.33M85.96M91.54M77.41M54.29M
Days Inventory Outstanding545.44511.63391.12609.89583.39336.24417.99383.08337.24254.37
Other Current Assets02.96M6.52M8.89M00015.78M16.68M36.09M
Total Non-Current Assets+82.75M158.16M196.01M484.32M687.64M873.68M1.09B968.36M784.56M682M
Property, Plant & Equipment3.87M4.34M5.12M4.09M17.07M37.82M16.95M15.17M13.53M11.54M
Fixed Asset Turnover37.28x49.49x58.98x99.85x23.01x13.76x34.19x43.98x44.90x57.32x
Goodwill0000077.91M117.52M117.02M117.02M117.02M
Intangible Assets976K16.49M36.02M31.37M24.84M364.34M784.69M702.46M599.89M521.91M
Long-Term Investments55.01M75.41M133.64M418.8M591.77M350.36M119.17M93.9M16.62M0
Other Non-Current Assets391K20.19M389K380K21.89M43.25M49.23M39.81M37.51M31.53M
Total Assets+188.73M309.57M424.46M977.81M1.16B1.5B1.69B1.7B1.28B1.37B
Asset Turnover0.77x0.69x0.71x0.42x0.34x0.35x0.34x0.39x0.48x0.48x
Asset Growth %0.37%0.64%0.37%1.3%0.19%0.3%0.12%0.01%-0.25%0.07%
Total Current Liabilities+56.1M80.74M123M161.35M160.59M245.11M315.38M687.96M290.2M292.4M
Accounts Payable4.31M8.05M6.84M3.19M10.14M6.15M9.33M10.54M1.96M4.59M
Days Payables Outstanding186.94245.29164.1875.94222.1842.7745.3744.128.5621.49
Short-Term Debt497K04.28M2.18M000401.97M00
Deferred Revenue (Current)176K209K287K-1000K000000
Other Current Liabilities26.79M63.33M17.03M22.99M14.47M55.99M93.04M54.95M77.08M68.56M
Current Ratio1.89x1.88x1.86x3.06x2.94x2.57x1.91x1.07x1.70x2.35x
Quick Ratio1.66x1.67x1.72x2.90x2.78x2.37x1.63x0.93x1.43x2.16x
Cash Conversion Cycle423.98336.83306.15625.82442.37392.28466.38429.49415.3311.24
Total Non-Current Liabilities+13.76M37.07M33.98M363.44M404.27M514.14M557.92M128.35M65.96M39.94M
Long-Term Debt7.08M4.17M22.26M329.46M345.17M361.75M379.25M000
Capital Lease Obligations000030.44M48.81M41.3M36M33.2M27.38M
Deferred Tax Liabilities854K114K14.96M31.46M035.22M85.36M49.81M24.96M4.96M
Other Non-Current Liabilities35.21M31.41M10.58M33.97M28.66M68.36M52.02M42.54M7.8M7.6M
Total Liabilities69.86M117.81M156.98M524.79M564.85M759.24M873.3M816.3M356.16M332.34M
Total Debt+7.19M4.17M26.54M329.46M378.44M414.32M427.03M444.76M41.53M34.27M
Net Debt-55M-85.96M-73.76M137.21M197.05M125.69M223.59M351.64M-33.53M-35.06M
Debt / Equity0.06x0.02x0.10x0.73x0.64x0.56x0.52x0.50x0.05x0.03x
Debt / EBITDA0.39x0.07x0.25x2.17x2.38x2.16x3.60x3.38x0.52x0.21x
Net Debt / EBITDA-2.96x-1.52x-0.69x0.91x1.24x0.66x1.88x2.67x-0.42x-0.22x
Interest Coverage3.70x10.65x63.48x7.98x6.54x7.31x3.67x6.52x-2.18x-
Total Equity+118.88M191.75M267.48M453.02M595.43M744.86M815.85M886.2M921.52M1.04B
Equity Growth %0.67%0.61%0.39%0.69%0.31%0.25%0.1%0.09%0.04%0.12%
Book Value per Share2.323.715.028.3711.0613.8715.0114.3716.6018.51
Total Shareholders' Equity118.88M191.75M267.48M453.02M595.43M744.86M815.85M886.2M921.52M1.04B
Common Stock49K50K51K52K53K53K53K54K55K56K
Retained Earnings-144.64M-84.29M-26.82M86.49M199.55M326.5M379.92M481.25M482.56M556.43M
Treasury Stock0000000000
Accumulated OCI-488K-134K-747K-3.16M7.42M8.97M1.54M-3.21M-593K-189K
Minority Interest0000000000

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+32.12M66.81M114.64M128.99M143.13M138.4M127.13M116.83M111.08M171.95M
Operating CF Margin %0.22%0.31%0.38%0.32%0.36%0.27%0.22%0.18%0.18%0.26%
Operating CF Growth %3.15%1.08%0.72%0.13%0.11%-0.03%-0.08%-0.08%-0.05%0.55%
Net Income14.02M91.22M57.28M110.99M113.06M126.95M53.42M60.71M1.32M73.86M
Depreciation & Amortization921K2.4M8.13M7.06M6.66M18.14M32.59M85.54M84.86M80.41M
Stock-Based Compensation4.23M5.93M8.43M11.29M14.85M16.56M17.91M17.57M26.76M27.75M
Deferred Taxes2.15M-41.79M21.22M-4.17M-5.83M568K-4.99M-26.32M-25.71M-20.14M
Other Non-Cash Items748K605K-4.14M8.54M13.79M12.69M24.62M3.57M33M12.11M
Working Capital Changes10.06M8.45M23.71M-4.73M613K-36.52M3.57M-24.24M-9.14M-2.05M
Change in Receivables-8.64M-15.62M-24.06M-35.86M15.75M-34.61M3.87M-16.37M18.77M2.08M
Change in Inventory854K-4.21M497K-9.36M-969K-10.12M-14.58M-17.86M6.11M15.81M
Change in Payables2.06M3.47M-620K-3.58M6.96M8.27M18.18M-19.16M-36.29M-15.02M
Cash from Investing+-36.23M-35.96M-86.42M-413.48M-157.92M-34.7M-81.91M-216.66M268.73M-189.87M
Capital Expenditures-2.1M-1.6M-2.03M-844K-2.74M-3.45M-2.04M-412K-551K-725K
CapEx % of Revenue0.01%0.01%0.01%0%0.01%0.01%0%0%0%0%
Acquisitions----------
Investments----------
Other Investing-8.51M-18.82M-11.15M-809K1.35M-241K12.89M14K09K
Cash from Financing+1.87M2.05M5.68M376.44M3.93M3.56M-130.42M-10.48M-397.88M12.19M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid0000000000
Share Repurchases----------
Other Financing00055.25M000-22.9M-1.99M-2.71M
Net Change in Cash----------
Free Cash Flow+30.02M65.21M112.61M128.14M140.39M134.95M125.08M116.41M110.53M171.23M
FCF Margin %0.21%0.3%0.37%0.31%0.36%0.26%0.22%0.17%0.18%0.26%
FCF Growth %3.2%1.17%0.73%0.14%0.1%-0.04%-0.07%-0.07%-0.05%0.55%
FCF per Share0.591.262.112.372.612.512.301.891.993.06
FCF Conversion (FCF/Net Income)2.29x0.73x2.00x1.16x1.27x1.09x2.38x1.92x84.41x2.33x
Interest Paid00134K1.34M2.52M2.52M2.52M2.52M1.95M0
Taxes Paid001.59M34.77M51.54M45.43M25.19M16.2M36.6M53.25M

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)14.74%58.73%24.95%30.81%21.57%18.94%6.85%7.13%0.15%7.55%
Return on Invested Capital (ROIC)30.17%47.93%49.85%27.64%16.12%15.67%6.76%3.04%-0.37%6.49%
Gross Margin94.17%94.43%94.97%96.24%95.76%89.92%87.05%86.93%86.21%88.23%
Net Margin9.7%42.43%18.95%27.14%28.79%24.39%9.21%9.1%0.22%11.16%
Debt / Equity0.06x0.02x0.10x0.73x0.64x0.56x0.52x0.50x0.05x0.03x
Interest Coverage3.70x10.65x63.48x7.98x6.54x7.31x3.67x6.52x-2.18x-
FCF Conversion2.29x0.73x2.00x1.16x1.27x1.09x2.38x1.92x84.41x2.33x
Revenue Growth18.34%48.87%40.57%35.29%-3.95%32.5%11.41%15.09%-8.95%8.94%

Revenue by Segment

2018201920202021202220232024
Product399.87M383.4M509.35M567.5M649.43M573.93M637.7M
Product Growth--4.12%32.85%11.42%14.44%-11.63%11.11%
Qelbree---9.88M61.32M140.19M241.27M
Qelbree Growth----520.73%128.62%72.10%
GOCOVRI---9.78M104.42M119.64M130.82M
GOCOVRI Growth----967.92%14.57%9.35%
Oxtellar X R84.58M88.19M98.72M110.71M115.34M113.4M99.46M
Oxtellar X R Growth-4.27%11.95%12.14%4.19%-1.68%-12.29%
APOKYN--74.3M99.23M75.31M75.08M73.93M
APOKYN Growth---33.56%-24.11%-0.29%-1.54%
Trokendi Xr-295.21M319.64M304.82M261.22M94.34M63.2M
Trokendi Xr Growth--8.27%-4.64%-14.30%-63.89%-33.00%
Manufactured Product, Other----31.82M31.28M29.01M
Manufactured Product, Other Growth------1.69%-7.27%
Royalty, License And Other Revenue------24.12M
Royalty, License And Other Revenue Growth-------
Royalty8.28M9.36M11.05M12.27M17.81M33.59M-
Royalty Growth-13.04%18.09%11.08%45.11%88.63%-
MYOBLOC--9.75M19.51M---
MYOBLOC Growth---100.23%---
XADAGO--6.94M13.39M---
XADAGO Growth---92.81%---
Osomolex ER---188K---
Osomolex ER Growth-------
License750K------
License Growth-------
Trokendi X R315.3M------
Trokendi X R Growth-------
License Event Based Milestone750K------
License Event Based Milestone Growth-------

Frequently Asked Questions

Valuation & Price

Supernus Pharmaceuticals, Inc. (SUPN) has a price-to-earnings (P/E) ratio of 39.2x. This suggests investors expect higher future growth.

Growth & Financials

Supernus Pharmaceuticals, Inc. (SUPN) reported $681.5M in revenue for fiscal year 2024. This represents a 84774% increase from $0.8M in 2011.

Supernus Pharmaceuticals, Inc. (SUPN) grew revenue by 8.9% over the past year. This is steady growth.

Supernus Pharmaceuticals, Inc. (SUPN) reported a net loss of $19.1M for fiscal year 2024.

Dividend & Returns

Supernus Pharmaceuticals, Inc. (SUPN) has a return on equity (ROE) of 7.5%. This is below average, suggesting room for improvement.

Supernus Pharmaceuticals, Inc. (SUPN) generated $132.5M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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