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MannKind Corporation (MNKD) 10-Year Financial Performance & Capital Metrics

MNKD • • Industrial / General
HealthcareBiotechnologyMetabolic & Liver DiseasesObesity & Metabolic Disorders
AboutMannKind Corporation, a biopharmaceutical company, focuses on the development and commercialization of inhaled therapeutic products for endocrine and orphan lung diseases in the United States. It offers Afrezza, an inhaled insulin used to improve glycemic control in adults with diabetes. It also promotes Thyquidity to adult and pediatric endocrinologists, and other healthcare providers for the treatment of hypothyroidism. The company has a license and collaboration agreement with United Therapeutics Corporation. It also has an agreement with NRx Pharmaceuticals to develop a dry powder formulation of ZYESAMI (aviptadil), a synthetic form of human vasoactive intestinal peptide to help protect cells against inflammatory conditions. MannKind Corporation was incorporated in 1991 and is headquartered in Westlake Village, California.Show more
  • Revenue $286M +43.5%
  • EBITDA $82M +517.2%
  • Net Income $28M +331.1%
  • EPS (Diluted) 0.10 +317.4%
  • Gross Margin 73.17% +6.9%
  • EBITDA Margin 28.57% +330.1%
  • Operating Margin 25.42% +482.9%
  • Net Margin 9.66% +261.0%
  • ROE -
  • ROIC -
  • Debt/Equity -
  • Interest Coverage 1.91 +454.1%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Strong Piotroski F-Score: 7/9
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Strong 5Y sales CAGR of 35.3%

✗Weaknesses

No significant weaknesses identified

* 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

10Y-
5Y35.27%
3Y55.84%
TTM17.44%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM35.55%

EPS CAGR

10Y-
5Y-
3Y-
TTM40.46%

ROCE

10Y Avg-245.36%
5Y Avg-36.82%
3Y Avg-0.48%
Latest21.25%

Peer Comparison

Obesity & Metabolic Disorders
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
MNKDMannKind Corporation1.73B5.6458.0243.5%9.32%1.89%
CORTCorcept Therapeutics Incorporated3.82B36.3529.5539.94%14.19%16.65%5.12%0.01
GUTSFractyl Health, Inc. Common Stock308.28M2.01-1.24-22.5%-40732.33%-241.68%2.20
LXRXLexicon Pharmaceuticals, Inc.436.08M1.20-1.9024.81%-96.77%-57.07%0.74
RZLTRezolute, Inc.229.96M2.48-2.53-52.45%0.01
MISTMilestone Pharmaceuticals Inc.164.38M1.93-2.88-100%-282.97%4.17
ALTAltimmune, Inc.418.41M4.01-2.99-95.31%-4195.75%-45.21%0.01
BIOABioAge Labs, Inc.741.84M20.69-3.12-12.81%-27.32%0.03

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+0174.76M11.74M27.86M63.04M65.14M75.44M99.77M198.96M285.5M
Revenue Growth %---0.93%1.37%1.26%0.03%0.16%0.32%0.99%0.43%
Cost of Goods Sold+140.41M50.09M17.23M20.48M27.98M24.64M38.86M57.5M62.77M76.6M
COGS % of Revenue-0.29%1.47%0.74%0.44%0.38%0.52%0.58%0.32%0.27%
Gross Profit+-140.41M124.67M-5.48M7.38M35.06M40.5M36.59M42.27M136.19M208.9M
Gross Margin %-0.71%-0.47%0.26%0.56%0.62%0.48%0.42%0.68%0.73%
Gross Profit Growth %-1.89%-1.04%2.35%3.75%0.16%-0.1%0.16%2.22%0.53%
Operating Expenses+204.24M59.58M88.86M88.44M79.66M88.42M83.61M106.38M127.51M136.31M
OpEx % of Revenue-0.34%7.57%3.17%1.26%1.36%1.11%1.07%0.64%0.48%
Selling, General & Admin108.4M46.93M74.96M79.72M74.67M59.04M77.42M91.47M94.31M94.33M
SG&A % of Revenue-0.27%6.38%2.86%1.18%0.91%1.03%0.92%0.47%0.33%
Research & Development29.67M14.92M14.12M8.74M6.9M6.25M12.31M19.72M31.28M45.89M
R&D % of Revenue-0.09%1.2%0.31%0.11%0.1%0.16%0.2%0.16%0.16%
Other Operating Expenses1.37M-597K13K-437K-1.91M23.13M-6.12M-4.81M1.92M-3.91M
Operating Income+-344.65M67.26M-108.19M-76.59M-44.6M-47.91M-47.02M-64.11M8.68M72.59M
Operating Margin %-0.38%-9.21%-2.75%-0.71%-0.74%-0.62%-0.64%0.04%0.25%
Operating Income Growth %-0.92%1.2%-2.61%0.29%0.42%-0.07%0.02%-0.36%1.14%7.36%
EBITDA+-331.38M69.66M-106.39M-74.89M-42.44M-44.59M-43.78M-57.8M13.21M81.56M
EBITDA Margin %-0.4%-9.06%-2.69%-0.67%-0.68%-0.58%-0.58%0.07%0.29%
EBITDA Growth %-1.06%1.21%-2.53%0.3%0.43%-0.05%0.02%-0.32%1.23%5.17%
D&A (Non-Cash Add-back)13.28M2.4M1.8M1.7M2.15M3.33M3.24M6.31M4.54M8.97M
EBIT-345.11M144.14M-104.01M-77.3M-41M-47.99M-64.35M-62.63M10.59M68.5M
Net Interest Income+-24.11M-18.39M-12.98M-8.94M-9.91M-9.3M-16.46M-22.26M-19.01M-25.37M
Interest Income18K85K293K501K997K167K112K2.51M6.15M12.62M
Interest Expense24.13M18.48M13.28M9.44M10.91M9.47M16.58M24.77M25.16M37.98M
Other Income/Expense-23.79M58.4M-9.09M-10.14M-7.31M-9.54M-33.9M-23.29M-19.05M-42.07M
Pretax Income+-368.44M125.66M-117.28M-86.73M-51.9M-57.46M-80.93M-87.4M-10.38M30.52M
Pretax Margin %-0.72%-9.99%-3.11%-0.82%-0.88%-1.07%-0.88%-0.05%0.11%
Income Tax+0051K240K0-218K001.56M2.93M
Effective Tax Rate %1%1%1%1%1%1%1%1%1.15%0.9%
Net Income+-368.44M125.66M-117.33M-86.97M-51.9M-57.24M-80.93M-87.4M-11.94M27.59M
Net Margin %-0.72%-9.99%-3.12%-0.82%-0.88%-1.07%-0.88%-0.06%0.1%
Net Income Growth %-0.86%1.34%-1.93%0.26%0.4%-0.1%-0.41%-0.08%0.86%3.31%
Net Income (Continuing)-368.44M125.66M-117.33M-86.97M-51.9M-57.24M-80.93M-87.4M-11.94M27.59M
Discontinued Operations0000000000
Minority Interest0000000000
EPS (Diluted)+-4.541.36-1.13-0.60-0.31-0.26-0.37-0.44-0.040.10
EPS Growth %-0.77%1.3%-1.83%0.47%0.48%0.16%-0.42%-0.19%0.9%3.17%
EPS (Basic)-4.541.37-1.13-0.60-0.31-0.26-0.37-0.44-0.040.10
Diluted Shares Outstanding81.23M92.08M104.25M144.14M195.58M222.59M249.24M257.09M267.01M283.84M
Basic Shares Outstanding81.16M92.05M103.83M144.14M195.58M222.59M249.24M257.09M267.01M274.42M
Dividend Payout Ratio----------

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+76.65M77.49M57.22M81.85M60.76M79.48M219.49M234.9M373.39M268.31M
Cash & Short-Term Investments59.07M22.89M43.95M71.16M49.88M67M204.12M170.85M295.1M197.26M
Cash Only59.07M22.89M43.95M71.16M29.91M67M124.18M69.77M238.48M46.34M
Short-Term Investments000019.98M079.93M101.08M56.62M150.92M
Accounts Receivable23K30.86M2.79M4.02M3.51M4.22M4.74M16.8M14.9M11.8M
Days Sales Outstanding-64.4586.6752.6320.3423.6322.9361.4727.3415.09
Inventory13.54M2.33M2.66M3.6M4.16M4.97M7.15M21.77M28.55M27.89M
Days Inventory Outstanding35.1916.9856.2964.1154.273.6667.18138.21165.98132.87
Other Current Assets13.54M17.04M5.21M527K316K158K025.48M34.85M31.36M
Total Non-Current Assets+49.76M29.57M27.36M25.85M32.97M29.13M101.67M60.39M101.81M125.54M
Property, Plant & Equipment48.75M28.93M26.92M25.6M26.78M25.87M36.61M45.13M84.22M85.36M
Fixed Asset Turnover-6.04x0.44x1.09x2.35x2.52x2.06x2.21x2.36x3.34x
Goodwill00000002.43M1.93M1.93M
Intangible Assets00000001.15M1.07M5.26M
Long-Term Investments00000056.62M1.96M7.16M5.48M
Other Non-Current Assets1.01M648K437K249K6.19M3.27M8.44M9.72M7.43M27.49M
Total Assets+126.41M107.06M84.58M107.7M93.72M108.61M321.16M295.28M475.2M393.84M
Asset Turnover-1.63x0.14x0.26x0.67x0.60x0.23x0.34x0.42x0.72x
Asset Growth %-0.68%-0.15%-0.21%0.27%-0.13%0.16%1.96%-0.08%0.61%-0.17%
Total Current Liabilities+268.32M92.05M87.6M75.24M65.62M73.7M48.35M67.3M104.13M81.84M
Accounts Payable15.6M3.26M6.98M5.38M4.79M5.58M6.96M11.05M9.58M6.79M
Days Payables Outstanding40.5523.78147.9795.8762.4782.6865.3470.1655.7132.36
Short-Term Debt74.58M71.34M52.74M11.3M5.03M4.06M6.98M9.56M20M0
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K827K1000K1000K1000K
Other Current Liabilities173.96M6.45M12.97M46.76M10.13M13.46M9.53M16.43M30.97M30.37M
Current Ratio0.29x0.84x0.65x1.09x0.93x1.08x4.54x3.49x3.59x3.28x
Quick Ratio0.24x0.82x0.62x1.04x0.86x1.01x4.39x3.17x3.31x2.94x
Cash Conversion Cycle-57.66-520.8712.0714.6124.77129.52137.61115.6
Total Non-Current Liabilities+208.42M198.6M211.71M207.55M218.63M215.32M482.16M478.52M617.24M390.82M
Long-Term Debt139.5M77.16M104.08M91.19M113.87M118.17M281.2M273.49M248.7M36.05M
Capital Lease Obligations00002.51M1.2M1.04M5.34M3.92M11.64M
Deferred Tax Liabilities00-500K-10.68M000000
Other Non-Current Liabilities68.92M121.45M107.63M105.68M93.9M94.28M175.43M162.01M294.82M291.97M
Total Liabilities476.75M290.66M299.31M282.79M284.25M289.03M530.51M545.82M721.37M472.66M
Total Debt+139.5M148.5M156.82M102.49M121.41M123.44M289.22M288.4M272.62M47.7M
Net Debt80.43M125.6M112.88M31.33M91.51M56.43M165.03M218.63M34.14M1.36M
Debt / Equity----------
Debt / EBITDA-2.13x------20.63x0.58x
Net Debt / EBITDA-1.80x------2.58x0.02x
Interest Coverage-14.29x3.64x-8.15x-8.11x-4.09x-5.06x-2.84x-2.59x0.34x1.91x
Total Equity+-350.33M-183.59M-214.73M-175.08M-190.53M-180.42M-209.35M-250.54M-246.17M-78.82M
Equity Growth %-3.75%0.48%-0.17%0.18%-0.09%0.05%-0.16%-0.2%0.02%0.68%
Book Value per Share-4.31-1.99-2.06-1.21-0.97-0.81-0.84-0.97-0.92-0.28
Total Shareholders' Equity-350.33M-183.59M-214.73M-175.08M-190.53M-180.42M-209.35M-250.54M-246.17M-78.82M
Common Stock4.29M4.78M1.19M1.87M2.12M2.42M2.52M2.64M2.7M3.03M
Retained Earnings-2.86B-2.74B-2.85B-2.94B-2.99B-3.05B-3.13B-3.22B-3.23B-3.2B
Treasury Stock0000000000
Accumulated OCI-20K-24K-18K-19K-19K00001.11M
Minority Interest0000000000

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-57.23M-78.09M-64.78M-37.73M-88.48M-28.13M-61.71M-80.7M34.09M42.51M
Operating CF Margin %--0.45%-5.52%-1.35%-1.4%-0.43%-0.82%-0.81%0.17%0.15%
Operating CF Growth %-15.01%-0.36%0.17%0.42%-1.35%0.68%-1.19%-0.31%1.42%0.25%
Net Income-368.44M125.66M-117.33M-86.97M-51.9M-57.24M-80.93M-87.4M-11.94M27.59M
Depreciation & Amortization13.28M4.16M3.53M1.7M2.15M3.33M5.47M6.29M5.8M9.04M
Stock-Based Compensation8.72M5.13M4.85M6.86M6.2M6.51M12.2M017.65M21.36M
Deferred Taxes180.43M-79.57M12.94M0-4.57M10.65M12.64M000
Other Non-Cash Items67.81M5.79M3.67M5.71M-28M18.4M6.63M24.47M7.96M21M
Working Capital Changes40.97M-139.27M27.57M36.68M-12.36M-9.78M-17.73M-24.05M14.63M-36.47M
Change in Receivables51.58M-302K-2.49M-1.34M504K-705K-776K-11.81M2.35M2.65M
Change in Inventory-26.43M-2.33M-3.3M-3.15M-558K-1.31M-4.08M-5.67M4.57M-3.2M
Change in Payables8.41M-12.12M3.8M-1.6M-593K793K1.37M4.1M-1.47M-2.79M
Cash from Investing+-10.2M-1.13M16.68M-234K-22.84M15.22M-151.54M4.87M-1.99M-96.65M
Capital Expenditures-10.29M-1.14M0-354K-2.56M-4.78M-11.47M-7.59M-42.44M-9.69M
CapEx % of Revenue-0.01%-0.01%0.04%0.07%0.15%0.08%0.21%0.03%
Acquisitions----------
Investments----------
Other Investing82K17K16.68M120K-300K20M56.06M32.8M382K128.71M
Cash from Financing+5.67M43.04M73.56M61.29M69.86M49.85M270.27M21.41M136.61M-137.27M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid0000000000
Share Repurchases----------
Other Financing1.27M-2.85M-120K-4.22M2.97M11.31M-12.7M-62K136.58M1.99M
Net Change in Cash----------
Free Cash Flow+-67.52M-79.23M-64.78M-38.09M-91.05M-32.91M-73.17M-88.29M-8.35M32.82M
FCF Margin %--0.45%-5.52%-1.37%-1.44%-0.51%-0.97%-0.88%-0.04%0.11%
FCF Growth %-2.37%-0.17%0.18%0.41%-1.39%0.64%-1.22%-0.21%0.91%4.93%
FCF per Share-0.83-0.86-0.62-0.26-0.47-0.15-0.29-0.34-0.030.12
FCF Conversion (FCF/Net Income)0.16x-0.62x0.55x0.43x1.70x0.49x0.76x0.92x-2.86x1.54x
Interest Paid007.73M3.76M000000
Taxes Paid0051K240K000000

Key Ratios

Metric2015201620172018201920202021202220232024
Gross Margin-71.34%-46.68%26.49%55.62%62.17%48.49%42.37%68.45%73.17%
Net Margin-71.91%-999%-312.2%-82.34%-87.87%-107.27%-87.6%-6%9.66%
Interest Coverage-14.29x3.64x-8.15x-8.11x-4.09x-5.06x-2.84x-2.59x0.34x1.91x
FCF Conversion0.16x-0.62x0.55x0.43x1.70x0.49x0.76x0.92x-2.86x1.54x
Revenue Growth---93.28%137.2%126.28%3.34%15.81%32.25%99.42%43.5%

Revenue by Segment

201620172018201920202021202220232024
Royalty------15.6M-102.33M
Royalty Growth---------
License and Service-------41.91M100.84M
License and Service Growth--------140.62%
Product----32.32M39.17M56.25M-82.33M
Product Growth-----21.17%43.60%--
Product Sales------81.07M--
Product Sales Growth---------
Service------3.1M--
Service Growth---------
License And Service--1.08M7.9M9.56M22.02M---
License And Service Growth---633.61%20.96%130.45%---
Bulk Insulin Sales-1.7M-------
Bulk Insulin Sales Growth---------
Insulin10.2M--------
Insulin Growth---------

Frequently Asked Questions

Valuation & Price

MannKind Corporation (MNKD) has a price-to-earnings (P/E) ratio of 58.0x. This suggests investors expect higher future growth.

Growth & Financials

MannKind Corporation (MNKD) reported $313.8M in revenue for fiscal year 2024. This represents a 627474% increase from $0.1M in 2011.

MannKind Corporation (MNKD) grew revenue by 43.5% over the past year. This is strong growth.

Yes, MannKind Corporation (MNKD) is profitable, generating $29.2M in net income for fiscal year 2024 (9.7% net margin).

Dividend & Returns

MannKind Corporation (MNKD) generated $43.2M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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