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Bristol-Myers Squibb Company (BMY) 10-Year Financial Performance & Capital Metrics

BMY • • Industrial / General
HealthcareLarge PharmaBroad-Based Pharmaceutical GiantsOncology-Focused Innovators
AboutBristol-Myers Squibb Company discovers, develops, licenses, manufactures, and markets biopharmaceutical products worldwide. It offers products for hematology, oncology, cardiovascular, immunology, fibrotic, neuroscience, and covid-19 diseases. The company's products include Revlimid, an oral immunomodulatory drug for the treatment of multiple myeloma; Eliquis, an oral inhibitor for reduction in risk of stroke/systemic embolism in NVAF, and for the treatment of DVT/PE; Opdivo for anti-cancer indications; Pomalyst/Imnovid indicated for patients with multiple myeloma; and Orencia for adult patients with active RA and psoriatic arthritis. It also provides Sprycel for the treatment of Philadelphia chromosome-positive chronic myeloid leukemia; Yervoy for the treatment of patients with unresectable or metastatic melanoma; Abraxane, a protein-bound chemotherapy product; Reblozyl for the treatment of anemia in adult patients with beta thalassemia; and Empliciti for the treatment of multiple myeloma. In addition, the company offers Zeposia to treat relapsing forms of multiple sclerosis; Breyanzi, a CD19-directed genetically modified autologous T cell immunotherapy for the treatment of adult patients with relapsed or refractory large B-cell lymphoma; Inrebic, an oral kinase inhibitor indicated for the treatment of adult patients with myelofibrosis; and Onureg for the treatment of adult patients with AML. It sells products to wholesalers, distributors, pharmacies, retailers, hospitals, clinics, and government agencies. The company was formerly known as Bristol-Myers Company. The company was founded in 1887 and is headquartered in New York, New York.Show more
  • Revenue $48.3B +7.3%
  • EBITDA $19.26B +5.6%
  • Net Income -$8.95B -211.5%
  • EPS (Diluted) -4.41 -214.2%
  • Gross Margin 56.79% +0.8%
  • EBITDA Margin 39.87% -1.6%
  • Operating Margin 20% +6.2%
  • Net Margin -18.53% -203.9%
  • ROE -39.01% -247.3%
  • ROIC 12.41% +19.3%
  • Debt/Equity 3.12 +122.2%
  • Interest Coverage 4.96 -31.7%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓FCF machine: 28.9% free cash flow margin
  • ✓Strong 5Y sales CAGR of 13.1%
  • ✓Healthy dividend yield of 4.2%
  • ✓Share count reduced 2.5% through buybacks

✗Weaknesses

  • ✗High debt to equity ratio of 3.1x
  • ✗Weak 3Y average ROE of 2.1%
  • ✗Thin 5Y average net margin of 1.4%

* 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

10Y11.77%
5Y13.06%
3Y1.36%
TTM1.26%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM183.2%

EPS CAGR

10Y-
5Y-
3Y-
TTM182.32%

ROCE

10Y Avg14.57%
5Y Avg10.2%
3Y Avg12.17%
Latest13.63%

Peer Comparison

Oncology-Focused Innovators
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
GILDGilead Sciences, Inc.150.44B121.26319.116.04%27.88%37.8%6.85%1.39
AMGNAmgen Inc.177.71B330.0343.6518.57%19.48%72.82%5.85%10.23
CELG-RIBristol-Myers Squibb Company Ce0.16-0.047.32%12.57%32.47%3.12
BMYBristol-Myers Squibb Company115.26B56.62-12.847.32%12.57%32.47%12.1%3.12

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+16.56B19.43B20.78B22.56B26.14B42.52B46.38B46.16B45.01B48.3B
Revenue Growth %0.04%0.17%0.07%0.09%0.16%0.63%0.09%-0%-0.02%0.07%
Cost of Goods Sold+3.75B4.93B5.82B6.49B8.89B20.82B19.62B19.67B19.65B20.87B
COGS % of Revenue0.23%0.25%0.28%0.29%0.34%0.49%0.42%0.43%0.44%0.43%
Gross Profit+12.81B14.49B14.96B16.07B17.25B21.7B26.76B26.49B25.36B27.43B
Gross Margin %0.77%0.75%0.72%0.71%0.66%0.51%0.58%0.57%0.56%0.57%
Gross Profit Growth %0.07%0.13%0.03%0.07%0.07%0.26%0.23%-0.01%-0.04%0.08%
Operating Expenses+8.87B9.32B9.72B9.68B10.81B17.21B17.22B17.22B16.89B17.77B
OpEx % of Revenue0.54%0.48%0.47%0.43%0.41%0.4%0.37%0.37%0.38%0.37%
Selling, General & Admin4.83B4.91B4.75B4.55B4.86B7.65B7.69B7.81B7.68B7.87B
SG&A % of Revenue0.29%0.25%0.23%0.2%0.19%0.18%0.17%0.17%0.17%0.16%
Research & Development4.04B4.41B4.97B5.13B5.95B9.56B9.53B9.41B9.21B9.78B
R&D % of Revenue0.24%0.23%0.24%0.23%0.23%0.22%0.21%0.2%0.2%0.2%
Other Operating Expenses000000000127M
Operating Income+3.94B5.18B5.24B6.39B6.44B4.49B9.54B9.27B8.47B9.66B
Operating Margin %0.24%0.27%0.25%0.28%0.25%0.11%0.21%0.2%0.19%0.2%
Operating Income Growth %0.26%0.32%0.01%0.22%0.01%-0.3%1.12%-0.03%-0.09%0.14%
EBITDA+4.31B5.56B6.03B7.03B8.19B14.87B20.23B19.55B18.23B19.26B
EBITDA Margin %0.26%0.29%0.29%0.31%0.31%0.35%0.44%0.42%0.41%0.4%
EBITDA Growth %0.2%0.29%0.08%0.17%0.16%0.82%0.36%-0.03%-0.07%0.06%
D&A (Non-Cash Add-back)376M382M789M637M1.75B10.38B10.69B10.28B9.76B9.6B
EBIT2.26B6.08B5.33B6.15B5.63B-5.45B9.43B8.95B9.61B-6.43B
Net Interest Income+-184M-167M-196M-183M-656M-1.42B-1.33B-1.23B-1.17B-1.95B
Interest Income0000000000
Interest Expense184M167M196M183M656M1.42B1.33B1.23B1.17B1.95B
Other Income/Expense-1.86B736M-108M-426M-1.46B-11.36B-1.44B-1.56B-32M-18.04B
Pretax Income+2.08B5.92B5.13B5.97B4.97B-6.87B8.1B7.71B8.44B-8.38B
Pretax Margin %0.13%0.3%0.25%0.26%0.19%-0.16%0.17%0.17%0.19%-0.17%
Income Tax+446M1.41B4.16B1.02B1.51B2.12B1.08B1.37B400M554M
Effective Tax Rate %0.75%0.75%0.2%0.82%0.69%1.31%0.86%0.82%0.95%1.07%
Net Income+1.56B4.46B1.01B4.92B3.44B-8.99B6.99B6.33B8.03B-8.95B
Net Margin %0.09%0.23%0.05%0.22%0.13%-0.21%0.15%0.14%0.18%-0.19%
Net Income Growth %-0.22%1.85%-0.77%3.89%-0.3%-3.62%1.78%-0.1%0.27%-2.12%
Net Income (Continuing)1.63B4.51B975M4.95B3.46B-8.99B7.01B6.34B8.04B-8.93B
Discontinued Operations0000000000
Minority Interest158M170M106M96M100M60M60M57M55M53M
EPS (Diluted)+0.972.650.613.032.01-3.983.122.953.86-4.41
EPS Growth %-0.19%1.73%-0.77%3.97%-0.34%-2.98%1.78%-0.05%0.31%-2.14%
EPS (Basic)0.972.670.613.032.02-3.983.152.973.88-4.41
Diluted Shares Outstanding1.68B1.68B1.65B1.64B1.71B2.26B2.25B2.15B2.08B2.03B
Basic Shares Outstanding1.67B1.67B1.65B1.63B1.71B2.26B2.22B2.13B2.07B2.03B
Dividend Payout Ratio1.58%0.57%2.56%0.53%0.78%-0.63%0.73%0.59%-

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+10.41B13.7B14.85B17.72B29.35B30.19B33.26B27.27B31.77B29.78B
Cash & Short-Term Investments4.27B6.35B6.81B8.76B15.39B16.45B17.22B9.25B12.28B10.86B
Cash Only2.38B4.24B5.42B6.91B12.35B14.55B13.98B9.12B11.46B10.35B
Short-Term Investments1.89B2.11B1.39B1.85B3.05B1.9B3.24B130M816M513M
Accounts Receivable4.3B5.54B6.3B5.75B7.68B10.55B12.52B13.94B15.26B14.42B
Days Sales Outstanding94.75104.14110.6892.98107.2990.698.49110.21123.79109
Inventory1.22B1.24B1.17B1.2B4.29B2.07B2.1B2.34B2.66B2.56B
Days Inventory Outstanding118.7291.8473.1567.25176.1636.3638.9743.4149.4544.72
Other Current Assets000899M1.23B-685M1.43B1.74B1.56B1.94B
Total Non-Current Assets+21.33B20B18.7B17.27B100.59B88.29B76.05B69.55B63.39B62.82B
Property, Plant & Equipment4.41B4.98B5B5.03B6.96B6.75B6.97B7.47B8.04B8.36B
Fixed Asset Turnover3.75x3.90x4.15x4.49x3.76x6.30x6.66x6.18x5.60x5.78x
Goodwill6.88B6.88B6.86B6.54B22.49B20.55B20.5B21.15B21.17B21.72B
Intangible Assets1.42B1.39B1.21B1.09B63.97B53.45B42.77B36.35B27.48B23.64B
Long-Term Investments4.66B2.72B2.48B1.77B4.17B4.51B2.71B2.19B2.5B2.51B
Other Non-Current Assets1.12B1.05B1.53B2.02B2.5B1.88B1.66B1.04B1.43B2.36B
Total Assets+31.75B33.71B33.55B34.99B129.94B118.48B109.31B96.82B95.16B92.6B
Asset Turnover0.52x0.58x0.62x0.64x0.20x0.36x0.42x0.48x0.47x0.52x
Asset Growth %-0.06%0.06%-0%0.04%2.71%-0.09%-0.08%-0.11%-0.02%-0.03%
Total Current Liabilities+8.02B8.84B9.56B10.65B18.3B19.08B21.87B21.89B22.26B23.77B
Accounts Payable1.56B1.66B2.25B1.89B2.44B2.71B2.95B3.04B3.26B3.6B
Days Payables Outstanding152.16123.15141.03106.47100.3347.5754.8556.4160.5463
Short-Term Debt139M992M987M1.7B3.35B2.34B4.95B4.26B3.12B2.05B
Deferred Revenue (Current)1000K1000K1000K1000K000000
Other Current Liabilities951M862M909M5.75B9.35B11.65B11.48B11.99B12.79B14.6B
Current Ratio1.30x1.55x1.55x1.66x1.60x1.58x1.52x1.25x1.43x1.25x
Quick Ratio1.15x1.41x1.43x1.55x1.37x1.47x1.43x1.14x1.31x1.15x
Cash Conversion Cycle61.3172.8442.853.75183.1279.482.697.2112.790.72
Total Non-Current Liabilities+9.31B8.52B12.14B10.21B59.94B61.52B51.44B43.81B43.41B52.44B
Long-Term Debt6.55B5.72B6.97B5.65B43.39B48.34B39.6B35.06B36.65B47.6B
Capital Lease Obligations0000672M833M874M1.26B1.53B1.37B
Deferred Tax Liabilities00019M6.45B5.41B4.5B2.17B338M369M
Other Non-Current Liabilities2.17B2.26B4.71B4.07B9.01B6.59B6.13B5.05B4.59B2.87B
Total Liabilities17.32B17.36B21.7B20.86B78.25B80.6B73.31B65.7B65.67B76.22B
Total Debt+6.69B6.71B7.96B7.35B47.54B51.67B45.6B40.72B41.46B51.2B
Net Debt4.3B2.47B2.54B438M35.19B37.13B31.62B31.59B30B40.85B
Debt / Equity0.46x0.41x0.67x0.52x0.92x1.36x1.27x1.31x1.41x3.12x
Debt / EBITDA1.55x1.21x1.32x1.05x5.81x3.47x2.25x2.08x2.27x2.66x
Net Debt / EBITDA1.00x0.44x0.42x0.06x4.30x2.50x1.56x1.62x1.65x2.12x
Interest Coverage21.40x31.01x26.73x34.94x9.82x3.16x7.15x7.53x7.27x4.96x
Total Equity+14.42B16.35B11.85B14.13B51.7B37.88B36.01B31.12B29.48B16.39B
Equity Growth %-0.04%0.13%-0.28%0.19%2.66%-0.27%-0.05%-0.14%-0.05%-0.44%
Book Value per Share8.599.737.178.6330.2016.7816.0414.5014.198.08
Total Shareholders' Equity14.27B16.18B11.74B14.03B51.6B37.82B35.95B31.06B29.43B16.34B
Common Stock221M221M221M221M292M292M292M292M292M292M
Retained Earnings31.61B33.51B31.16B34.06B34.47B21.28B23.82B25.5B28.77B14.91B
Treasury Stock-16.56B-16.78B-19.25B-19.57B-25.36B-26.24B-31.26B-38.62B-43.77B-43.66B
Accumulated OCI-2.47B-2.5B-2.29B-2.76B-1.52B-1.84B-1.27B-1.28B-1.55B-1.24B
Minority Interest158M170M106M96M100M60M60M57M55M53M

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+2.1B3.06B5.28B7.07B8.21B14.05B16.21B13.07B13.86B15.19B
Operating CF Margin %0.13%0.16%0.25%0.31%0.31%0.33%0.35%0.28%0.31%0.31%
Operating CF Growth %-0.33%0.45%0.72%0.34%0.16%0.71%0.15%-0.19%0.06%0.1%
Net Income1.63B4.51B975M4.95B3.46B-8.99B7.01B6.34B8.04B-8.93B
Depreciation & Amortization376M382M789M637M1.75B10.38B10.69B10.28B9.76B9.6B
Stock-Based Compensation235M205M199M221M441M779M583M457M518M507M
Deferred Taxes-347M-204M453M45M-924M983M-1.39B-2.74B-3.29B-2.09B
Other Non-Cash Items945M-680M714M999M317M9.92B578M955M744M15.29B
Working Capital Changes-735M-1.15B2.15B217M3.17B983M-1.26B-2.23B-1.91B810M
Change in Receivables-942M-803M-431M-429M752M-646M-1.05B-663M-995M264M
Change in Inventory97M-152M-29M-216M463M2.67B13M-69M-751M-486M
Change in Payables-919M104M320M-59M229M188M245M109M198M184M
Cash from Investing+-1.57B1.48B-66M-2B-9.91B-10.86B-538M-1.06B-2.29B-21.35B
Capital Expenditures-820M-1.22B-1.05B-951M-836M-753M-973M-1.12B-1.21B-1.25B
CapEx % of Revenue0.05%0.06%0.05%0.04%0.03%0.02%0.02%0.02%0.03%0.03%
Acquisitions----------
Investments----------
Other Investing0000000000
Cash from Financing+-3.62B-2.65B-4.08B-3.54B7.62B-1.15B-16.22B-16.96B-9.42B5.13B
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid-2.48B-2.55B-2.58B-2.61B-2.68B-4.08B-4.4B-4.63B-4.74B-4.86B
Share Repurchases----------
Other Financing-9M15M-22M-54M-53M542M641M984M27M-106M
Net Change in Cash----------
Free Cash Flow+1.28B1.84B4.22B6.12B7.37B13.3B15.23B11.95B12.65B13.94B
FCF Margin %0.08%0.09%0.2%0.27%0.28%0.31%0.33%0.26%0.28%0.29%
FCF Growth %-0.51%0.43%1.29%0.45%0.21%0.8%0.15%-0.22%0.06%0.1%
FCF per Share0.771.102.553.744.315.896.795.576.096.88
FCF Conversion (FCF/Net Income)1.35x0.69x5.24x1.44x2.39x-1.56x2.32x2.07x1.73x-1.70x
Interest Paid0000000000
Taxes Paid0000000000

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)10.64%28.97%7.14%37.88%10.45%-20.08%18.93%18.85%26.48%-39.01%
Return on Invested Capital (ROIC)16.42%20.69%23.67%33.13%9.52%4.16%10.03%10.67%10.4%12.41%
Gross Margin77.33%74.61%72%71.25%65.98%51.04%57.69%57.39%56.34%56.79%
Net Margin9.45%22.94%4.85%21.81%13.15%-21.16%15.08%13.71%17.83%-18.53%
Debt / Equity0.46x0.41x0.67x0.52x0.92x1.36x1.27x1.31x1.41x3.12x
Interest Coverage21.40x31.01x26.73x34.94x9.82x3.16x7.15x7.53x7.27x4.96x
FCF Conversion1.35x0.69x5.24x1.44x2.39x-1.56x2.32x2.07x1.73x-1.70x
Revenue Growth4.29%17.31%6.94%8.59%15.89%62.62%9.1%-0.49%-2.5%7.32%

Revenue by Segment

2015201620172018201920202021202220232024
Eliquis1.86B3.34B4.87B6.44B7.93B9.17B10.76B11.79B12.21B13.33B
Eliquis Growth-79.73%45.74%32.14%23.16%15.63%17.39%9.54%3.54%9.23%
Opdivo942M3.77B4.95B6.74B7.2B6.99B7.52B8.25B9.01B9.3B
Opdivo Growth-300.64%31.11%36.12%6.96%-2.94%7.59%9.65%9.21%3.27%
Revlimid----1.3B12.11B12.82B9.98B6.1B5.77B
Revlimid Growth-----831.95%5.91%-22.17%-38.90%-5.31%
Orencia1.89B2.27B2.48B2.71B2.98B3.16B3.31B3.46B3.6B3.68B
Orencia Growth-20.16%9.45%9.32%9.85%6.05%4.72%4.78%3.95%2.25%
Pomalyst/Imnovid----322M3.07B3.33B3.5B3.44B3.54B
Pomalyst/Imnovid Growth-----853.42%8.53%4.95%-1.60%3.02%
Yervoy1.13B1.05B1.24B1.33B1.49B1.68B2.03B2.13B2.24B2.53B
Yervoy Growth--6.48%18.14%6.91%11.95%12.96%20.45%5.18%5.02%13.05%
Reblozyl-----274M551M717M1.01B1.77B
Reblozyl Growth------101.09%30.13%40.59%75.89%
Other Growth Brands---------1.6B
Other Growth Brands Growth----------
Sprycel1.62B1.82B2B2B2.11B2.14B2.12B2.17B1.93B1.29B
Sprycel Growth-12.59%9.92%-0.25%5.50%1.42%-1.07%2.27%-10.85%-33.37%
Opdualag-------252M627M928M
Opdualag Growth--------148.81%48.01%
Other Legacy Brands---------925M
Other Legacy Brands Growth----------
Abraxane----166M1.25B1.18B811M1B875M
Abraxane Growth-----651.20%-5.29%-31.33%23.80%-12.85%
Breyanzi------87M182M364M747M
Breyanzi Growth-------109.20%100.00%105.22%
Camzyos-------24M231M602M
Camzyos Growth--------862.50%160.61%
Zeposia-----12M134M250M434M566M
Zeposia Growth------1016.67%86.57%73.60%30.41%
Abecma------164M388M472M406M
Abecma Growth-------136.59%21.65%-13.98%
Sotyktu-------8M170M246M
Sotyktu Growth--------2025.00%44.71%
Krazati---------126M
Krazati Growth----------
Cobenfy---------10M
Cobenfy Growth----------
Mature Products And All Other2.57B2.14B2.11B1.63B1.67B1.31B1.9B1.75B--
Mature Products And All Other Growth--16.65%-1.45%-22.82%2.70%-21.45%44.49%-7.95%--
Baraclude1.31B1.19B1.05B744M555M447M----
Baraclude Growth--9.15%-11.74%-29.28%-25.40%-19.46%----
Empliciti3M150M231M247M357M381M----
Empliciti Growth-4900.00%54.00%6.93%44.53%6.72%----
Reyataz1.14B912M698M427M------
Reyataz Growth--19.93%-23.46%-38.83%------
Sustiva Franchise1.25B1.06B729M283M------
Sustiva Franchise Growth--14.94%-31.55%-61.18%------
Hepatitis C Portfolio1.6B1.58B406M17M------
Hepatitis C Portfolio Growth--1.56%-74.27%-95.81%------
Abilify746M128M--------
Abilify Growth--82.84%--------
Erbitux501M---------
Erbitux Growth----------

Revenue by Geography

2015201620172018201920202021202220232024
UNITED STATES8.19B10.72B11.36B12.59B15.34B26.58B29.21B31.83B31.55B34.1B
UNITED STATES Growth-30.92%5.95%10.81%21.90%73.23%9.92%8.95%-0.86%8.08%
Rest Of World4.14B3.96B3.88B3.73B4.01B5.46B5.63B-12.75B13.2B
Rest Of World Growth--4.30%-2.19%-3.71%7.50%35.98%3.21%--3.51%
Other Region739M528M553M584M524M631M852M834M699M996M
Other Region Growth--28.55%4.73%5.61%-10.27%20.42%35.02%-2.11%-16.19%42.49%
Europe3.49B4.21B4.99B5.66B6.27B9.85B10.69B13.5B--
Europe Growth-20.74%18.34%13.43%10.75%57.25%8.46%26.29%--

Frequently Asked Questions

Growth & Financials

Bristol-Myers Squibb Company (BMY) reported $48.03B in revenue for fiscal year 2024. This represents a 126% increase from $21.24B in 2011.

Bristol-Myers Squibb Company (BMY) grew revenue by 7.3% over the past year. This is steady growth.

Yes, Bristol-Myers Squibb Company (BMY) is profitable, generating $6.04B in net income for fiscal year 2024 (-18.5% net margin).

Dividend & Returns

Yes, Bristol-Myers Squibb Company (BMY) pays a dividend with a yield of 4.24%. This makes it attractive for income-focused investors.

Bristol-Myers Squibb Company (BMY) has a return on equity (ROE) of -39.0%. Negative ROE indicates the company is unprofitable.

Bristol-Myers Squibb Company (BMY) generated $15.30B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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