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GRFSGrifols, S.A.
$8.43$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
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P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
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GRFS logo

Grifols, S.A.

GRFS
NASDAQ · Vaccines & Infectious Disease
$8.43
At close - Nov 6, 4:00 PM EST - USD
Market Cap$7.13B
P/E10.0x
52W High$9.77
Volume610.34K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q3

Margin Recovery Meets Persistent Leverage Overhang at Grifols

Grifols' top line has stabilized, with revenue growth of 9.4% year over year in 2026Q3 and gross margin recovering from 34.7% in 2025Q4 to 40.1%, though this rebound has not yet proven durable.

GrowthStable
ProfitabilityModerate
ValuationAttractive
TechnicalsNeutral
Explore valuation models
MARKET ACTION

GRFS 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

3/12 Beats

EPS beat 3 of last 12 quarters

02

Valuation risk

-63% Peers

P/E is 63% below peer median

03

Market leadership

RS 74 · Avg

Average momentum (RS Rating: 74)

04

Trend Check

N/A

Trend data unavailable

Next CatalystEstimated earnings · Feb 2
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 reaccelerated to 9.4% year over year in 2026Q3 and operating margin expanded from 14.6% in 2026Q1 to 21.0%, though the gap to a 9.3% net margin warrants scrutiny of below-the-line items.

Analyst Consensus
Buy(8 analysts)
4 Buy2 Hold2 Sell

The Bull Case

Upside Catalysts

Leading healthcare company

Grifols is a global healthcare leader with a long history of innovation and commitment to improving health and well-being.

Plasma-derived medicines

The company specializes in plasma-derived medicines and biopharmaceuticals, serving millions of patients worldwide.

Clinical self-sufficiency moat

Grifols has a rare and durable competitive moat due to its clinical self-sufficiency, exemplified by its integrated model in Egypt.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
GRFS-7.62%
S&P 500 (^GSPC)+7.63%
1-Year Return
GRFS+2.10%
S&P 500 (^GSPC)+9.69%
3-Year Return
GRFS-4.90%
S&P 500 (^GSPC)+68.29%
5-Year Return
GRFS-30.31%
S&P 500 (^GSPC)+56.34%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
10.0x
Forward P/EExpansion
9.6x
EV/EBITDA0th %ile
8.2x
FCF YieldCash Flow
11.7%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
10.0x
32.3x
0th· Low
EV/EBITDA
8.2x
12.6x
0th· Low
Price/FCF
8.6x
9.5x
33rd· Fair
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$13.32+58.0%
Base (Fair)$35.35+319.3%
Bull$51.14+506.6%
$13.32 Bear$35.35 Base$51.14 Bull
Current Market Price: $8.43
Trades at a 76.2% discount to Base DCF ($35.35)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
$7.23B+0.2% YoY
Net income FY25
$386M+146.1% YoY
Free cash flow FY25
$751M+41.5% YoY
Operating margin FY25
16.4%-0.1 pts YoY
ROIC (FY25)5.4%
Avg ROIC 5Y4%
ROE (TTM)6.5%
Piotroski Score6 / 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 Rate3/12 (25%)
Revenue Beat Rate7/12 (58%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q4 2026Latest
Nov 2, 2026
$0.34+4.9%
vs $0.32
$2.3B+3.3%
vs $2.2B
Q3 2026
Jul 28, 2026
$0.25-7.0%
vs $0.27
$2.1B-1.5%
vs $2.2B
Q2 2026
May 7, 2026
$0.17+7.3%
vs $0.16
$2.0B-1.4%
vs $2.0B
Q1 2026
Feb 26, 2026
$0.29-0.3%
vs $0.29
$2.3B-0.2%
vs $2.3B
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
Seeking Alpha·4d ago
Grifols: Plasma, Profits, And Recovery Gathering Momentum

Grifols remains a speculative 'BUY' with a €20/share price target, offering over 20% annual upside if growth continues. GIKLY has delivered strong 3Q26 results: revenue above €2B quarterly, EBITDA up 10%, net profit up 28%, and leverage now below 4x. Strategic expansion into Egypt is expected to diversify plasma sourcing, reduce costs, and support margin improvement through geographic diversification.

Seeking Alpha·5d ago
Grifols, S.A. (GIKLY) Q3 2026 Earnings Call Transcript

Grifols, S.A. (GIKLY) Q3 2026 Earnings Call Transcript

MarketBeat·5d ago
Grifols Q3 Earnings Call Highlights

Grifols NASDAQ: GRFS reported third-quarter 2026 results marked by revenue growth, expanding profitability, stronger free cash flow and lower leverage, while management reiterated its full-year financial targets despite continued weakness in China's albumin market.

Defense World·Oct 16, 2026
Grifols, S.A. (NASDAQ:GRFS) Sees Significant Increase in Short Interest

Grifols, S.A. (NASDAQ: GRFS - Get Free Report) saw a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 7,001,241 shares, a growth of 105.0% from the September 15th total of 3,414,455 shares. Based on an average daily volume of 808,104 shares, the days-to-cover ratio is

Filtered for Grifols, S.A.More Headlines
04

Compare before deciding

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

Peers Comparison

Key metrics vs top competitors for Grifols, S.A. (GRFS)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
GRFS logoGRFSGrifols, S.A.Current
$8.43$7.13B10.000.2%6.77%6.5%2.39%
TAK logoTAKTakeda Pharmaceutical Company Limited
$21.02$66.87B27.664.28%8.16%5.08%2.92%
CSL logoCSLCarlisle Companies Incorporated
$375.74$15.2B20.710.33%13.78%44.18%1.12%
BHVN logoBHVNBiohaven Ltd.
$14.48$2.18B-4.03——-2271.87%—
OCSL logoOCSLOaktree Specialty Lending Corporation
$12.50$1.1B26.07420.21%20.88%2.98%13.77%
BCRX logoBCRXBioCryst Pharmaceuticals, Inc.
$7.69$1.95B-5.7294.1%-37.41%——

Compare GRFS vs Peers

Grifols, S.A. (GRFS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs TAK

Most directly comparable listed peer for GRFS.

Scale Benchmark

vs AMGN

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

Peer Set

Compare Top 5

vs TAK, CSL, BHVN, OCSL

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GRFS Frequently Asked Questions

Grifols, S.A. (GRFS) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Grifols, S.A.'s revenue?

Grifols, S.A. (GRFS) reported $7.61B in revenue over the trailing twelve months. Revenue was $7.23B in fiscal year 2025. That is 1278% more than the $524.3M of fiscal year 2005.

How fast is Grifols, S.A. growing?

Grifols, S.A. (GRFS) grew revenue by 1.2% over the trailing twelve months, compared with the twelve months before.

Is GRFS profitable?

Yes. Grifols, S.A. (GRFS) earned $514.5M in net income over the trailing twelve months (a 6.8% net margin).

Dividend & Returns
Does GRFS pay dividends?

Yes. Grifols, S.A. (GRFS) pays a dividend that yields 2.39% at the current price, a moderate yield.

What is GRFS's return on equity?

Grifols, S.A. (GRFS) had a return on equity (ROE) of 6.5% over the trailing twelve months. That is below the market's typical 10-15%.

What is Grifols, S.A.'s free cash flow?

Grifols, S.A. (GRFS) generated $746.7M in free cash flow over the trailing twelve months.

What if you invested $1,000 in GRFS back in 2005?

Total return calculator · dividends reinvested · 21+ years of data

See returns →