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ALKSAlkermes plc
$42.13$7.1B
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
ALKS logo

Alkermes plc

ALKS
NASDAQ · Biotechnology
$42.13
At close - Sep 23, 4:00 PM EDT - USD
Market Cap$7.07B
P/E29.5x
52W High$55.67
Volume2.42M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Leveraged Spin-Off Pressures Margins Despite Revenue Surge

Alkermes' 2026Q2 revenue surged 27% sequentially to $496.0M, but operating margin collapsed to 3.7% from 23.8% a year earlier as R&D and SG&A costs rose 33% to $330.5M. The balance sheet transformed with a $1.6B debt issuance tied to the Mural Oncology spin-of...

GrowthMixed
ProfitabilityStable
ValuationExpensive
TechnicalsMixed
Explore valuation models
MARKET ACTION

ALKS 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

6/12 Beats

EPS beat 6 of last 12 quarters

02

Valuation risk

+24% Peers

P/E is 24% above peer median

03

Market leadership

RS 78 · Avg

Average momentum (RS Rating: 78)

04

Mixed Trend

Mixed

Price < 50DMA but > 200DMA

Next CatalystEstimated earnings · Oct 28
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 grew 27% sequentially to $496.0M in 2026Q2, but operating margin fell to 3.7% from 23.8% year-over-year, with net income nearly zero at $0.5M due to cost escalation.

Analyst Consensus+43.8% target
Buy(29 analysts)
16 Buy10 Hold3 Sell

The Bull Case

Upside Catalysts

Revenue growth potential

A successful trial could accelerate the 5-year revenue CAGR to 12-15%, significantly boosting growth prospects.

Pipeline maturation

The base case projects a 4-6% CAGR over 10 years as ALKS 2680 matures, indicating steady long-term growth.

Investor relations transparency

The company provides detailed business information for stockholders and analysts, fostering investor confidence.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
ALKS+49.08%
S&P 500 (^GSPC)+12.39%
1-Year Return
ALKS+51.82%
S&P 500 (^GSPC)+15.77%
3-Year Return
ALKS+44.78%
S&P 500 (^GSPC)+72.70%
5-Year Return
ALKS+32.03%
S&P 500 (^GSPC)+63.21%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y High
29.5x
Forward P/E
N/A
EV/EBITDA60th %ile
21.4x
FCF YieldCash Flow
6.8%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
29.5x
13.3x
100th· High
EV/EBITDA
21.4x
13.1x
60th· Fair
Price/FCF
14.7x
13.3x
75th· Fair
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$19.34-54.1%
Base (Fair)$32.29-25.6%
Bull$34.85-17.3%
$19.34 Bear$32.29 Base$34.85 Bull
Current Market Price: $42.13
Trades at a 30.5% premium to Base DCF ($32.29)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$1.48B-5.2% YoY
Net income
$242M-34.2% YoY
Free cash flow
$480M+18.4% YoY
Operating margin
17.2%-9.8 pts YoY
ROIC (TTM)18.9%
Avg ROIC 5Y-
ROE (TTM)14.7%
Piotroski Score7 / 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 Rate6/12 (50%)
Revenue Beat Rate10/12 (83%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Jul 28, 2026
$0.70+2650.1%
vs -$0.03
$496M+8.4%
vs $457M
Q2 2026
May 5, 2026
-$0.40+29.8%
vs -$0.57
$393M+8.2%
vs $363M
Q1 2026
Feb 25, 2026
$0.34-20.9%
vs $0.43
$385M+1.5%
vs $379M
Q4 2025
Oct 28, 2025
$0.49+32.9%
vs $0.37
$394M+10.5%
vs $357M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Business Wire·Sep 16, 2026
Alkermes Announces Appointment of Anne C. Whitaker to Board of Directors

DUBLIN--(BUSINESS WIRE)--Alkermes plc (Nasdaq: ALKS) today announced the appointment of a new independent director, Anne C. Whitaker, to the company's Board of Directors (the Board). Ms. Whitaker is a seasoned biopharmaceutical executive and experienced board director who brings deep commercial and operational expertise, as well as a proven track record of driving growth and transformation across global pharmaceutical and biotechnology organizations. “Anne joins our Board at a defining time for.

Defense World·Sep 15, 2026
California State Teachers Retirement System Increases Holdings in Alkermes plc $ALKS

California State Teachers Retirement System increased its stake in Alkermes plc (NASDAQ: ALKS) by 5,527.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,343,402 shares of the company's stock after buying an additional 10,159,607 shares during the quarter. California State Teachers

Seeking Alpha·Sep 11, 2026
Alkermes: A Slow-Burning Buy Prospect On Orexin-Agonist Promise

Alkermes plc is upgraded from Hold to Buy, driven by robust revenue growth, pipeline momentum, and strategic positioning in sleep and CNS disorders. Acquisition of Avadel and Lumryz launch propel >20% revenue growth in 2026; adjusted EBITDA guidance is $370–410M despite a GAAP net loss. Alixorexton's strong Phase 2 data in narcolepsy and IH, plus advancing orexin pipeline, underpin multi-billion-dollar long-term revenue potential.

Business Wire·Sep 10, 2026
Alkermes Announces Launch of 9th Annual Alkermes Pathways Research Awards® Program

DUBLIN--(BUSINESS WIRE)--Alkermes plc (Nasdaq: ALKS) today announced that it will begin accepting applications for its annual Alkermes Pathways Research Awards® program on Friday, Sept. 11, 2026. Now in its ninth year, this competitive grant program is designed to support the next generation of researchers working on the front lines to advance our understanding of diseases in the field of neuroscience. Building on prior award cycles, the program will continue to accept applications related to s.

Filtered for Alkermes plcMore Headlines
04

Compare before deciding

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

Peers Comparison

Key metrics vs top competitors for Alkermes plc (ALKS)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
ALKS logoALKSAlkermes plcCurrent
$42.13$7.07B29.46-5.25%16.37%14.72%—
INVA logoINVAInnoviva, Inc.
$20.24$1.49B6.1318.52%80.56%30.03%—
SUPN logoSUPNSupernus Pharmaceuticals, Inc.
$43.39$2.52B-63.818.63%-13.23%-10.42%—
ACAD logoACADACADIA Pharmaceuticals Inc.
$25.43$4.35B11.1011.87%33.42%32.39%—
AXSM logoAXSMAxsome Therapeutics, Inc.
$193.45$9.95B-52.5765.55%-24.68%-255.6%—
INTR logoINTRInter & Co, Inc.
$5.24$2.31B9.3631.26%15.79%14.95%—

Compare ALKS vs Peers

Alkermes plc (ALKS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs INVA

Most directly comparable listed peer for ALKS.

Scale Benchmark

vs LLY

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

Peer Set

Compare Top 5

vs INVA, SUPN, ACAD, AXSM

05

Keep researching

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

ALKS SEC Filings & Documents

Alkermes plc (ALKS) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 12, 2026·SEC

Material company update

Jul 28, 2026·SEC

Material company update

Jul 8, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 25, 2026·SEC

FY 2025

Feb 12, 2025·SEC

10-Q Quarterly Reports

6
FY 2026

Jul 28, 2026·SEC

FY 2026

May 5, 2026·SEC

FY 2025

Oct 28, 2025·SEC

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ALKS Frequently Asked Questions

Alkermes plc (ALKS) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Alkermes plc's revenue?

Alkermes plc (ALKS) reported $1.67B in revenue for fiscal year 2025. This represents a 8311% increase from $19.8M in 1996.

How fast is Alkermes plc growing?

Alkermes plc (ALKS) saw revenue decline by 5.2% over the past year.

Is ALKS profitable?

Yes, Alkermes plc (ALKS) is profitable, generating $66.1M in net income for fiscal year 2025 (16.4% net margin).

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

Alkermes plc (ALKS) has a return on equity (ROE) of 14.7%. This is reasonable for most industries.

What is Alkermes plc's free cash flow?

Alkermes plc (ALKS) generated $221.7M 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 ALKS back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →