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Theravance Biopharma, Inc. (TBPH) 10-Year Financial Performance & Capital Metrics

TBPH • • Industrial / General
HealthcareBiotechnologyAutoimmune & Inflammatory DiseasesDermatology & Autoimmune
AboutTheravance Biopharma, Inc., a biopharmaceutical company, discovers, develops, and commercializes respiratory medicines in the United States, Europe, and Asia. The company offers YUPELRI, a once-daily, nebulized long-acting muscarinic antagonist used for the treatment of chronic obstructive pulmonary disease (COPD). Its product portfolio also include Izencitinib, a gut-selective pan-janus kinase (JAK) inhibitor that is in Phase IIb/III clinical trials for the treatment of rheumatoid arthritis, myelofibrosis, and ulcerative colitis, as well as for a range of inflammatory intestinal diseases, including ulcerative colitis and Crohn's disease. In addition, the company's product portfolio comprise Ampreloxetine, an investigational norepinephrine reuptake inhibitor that has completed Phase III study for neurogenic orthostatic hypotension; Nezulcitinib, a lung-selective, nebulized JAK inhibitor, which is in Phase II clinical development for the potential treatment of hospitalized patients with acute lung injury caused by COVID-19; Inhaled ALK5i, a potential inhaled anti-fibrotic agent that is in Phase I for the treatment of idiopathic pulmonary fibrosis; and TD-5202, an investigational, orally administered, gut-selective, irreversible JAK3 inhibitor that is in Phase I clinical study for treatment of inflammatory intestinal diseases. Further, it offers TRELEGY for the treatment of COPD and asthma; Velusetrag, an oral and investigational medicine for gastrointestinal motility disorders; and Selective 5-HT4 Agonist for treatment of gastrointestinal motility disorders. It has a licensing and collaboration agreements with Pfizer Inc., Viatris Inc., Janssen Biotech, Inc., Alfasigma S.p.A, and Takeda Pharmaceutical Company Limited. Theravance Biopharma, Inc. was incorporated in 2013 and is based in George Town, the Cayman Islands.Show more
  • Revenue $64M +12.1%
  • EBITDA -$43M +19.8%
  • Net Income -$56M -2.2%
  • EPS (Diluted) -1.15 -15.0%
  • Gross Margin 100% +241.7%
  • EBITDA Margin -67.31% +28.5%
  • Operating Margin -72.92% +25.3%
  • Net Margin -87.63% +8.8%
  • ROE -29.04% -72.3%
  • ROIC -17.17% +14.5%
  • Debt/Equity 0.28 +23.0%
  • Interest Coverage -18.44 +22.7%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Excellent 3Y average ROE of 547.9%
  • ✓Momentum leader: RS Rating 87 (top 13%)
  • ✓Share count reduced 11.7% through buybacks
  • ✓Healthy 5Y average net margin of 153.5%
  • ✓Trading near 52-week high

✗Weaknesses

  • ✗Negative free cash flow
  • ✗Low quality earnings: Net income not backed by cash flow
  • ✗Low asset turnover indicates capital-intensive operations

* 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

10Y18.6%
5Y-2.59%
3Y5.19%
TTM27.12%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM159.4%

EPS CAGR

10Y-
5Y-
3Y-
TTM156.44%

ROCE

10Y Avg-50.32%
5Y Avg-43.38%
3Y Avg-15.45%
Latest-13.82%

Peer Comparison

Dermatology & Autoimmune
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
AUPHAurinia Pharmaceuticals Inc.2.01B15.28388.8033.97%29.28%21.28%2.19%0.21
ARGXargenx SE49.26B796.0062.2878.6%23.34%15.14%0.01
INVAInnoviva, Inc.1.45B19.445415.54%32.78%12.61%12.96%0.65
GLPGGalapagos N.V.2.18B33.1129.5614.99%-151.94%-15.16%0.00
PTGXProtagonist Therapeutics, Inc.5.02B80.2518.976.24%21.94%7.11%3.64%0.02
ALMSAlumis Inc. Common Stock2.48B21.09-2.03-11.08%-63.71%0.12
PHATPhathom Pharmaceuticals, Inc.1.13B14.47-2.7480.01%-186.53%
ORKAOruka Therapeutics, Inc.1.49B30.69-6.15-22.44%0.00

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+42.13M48.65M15.39M60.37M73.41M71.86M55.31M51.35M57.42M64.38M
Revenue Growth %2.6%0.15%-0.68%2.92%0.22%-0.02%-0.23%-0.07%0.12%0.12%
Cost of Goods Sold+4.66M2.89M6.03M715K00193.66M63.39M40.62M0
COGS % of Revenue0.11%0.06%0.39%0.01%--3.5%1.23%0.71%-
Gross Profit+37.47M45.75M9.36M59.66M73.41M71.86M-138.35M-12.05M16.8M64.38M
Gross Margin %0.89%0.94%0.61%0.99%1%1%-2.5%-0.23%0.29%1%
Gross Profit Growth %3.91%0.22%-0.8%5.38%0.23%-0.02%-2.93%0.91%2.39%2.83%
Operating Expenses+219.37M226.22M269.48M298.41M325.33M369.48M119.44M79.91M72.84M111.33M
OpEx % of Revenue5.21%4.65%17.51%4.94%4.43%5.14%2.16%1.56%1.27%1.73%
Selling, General & Admin90.2M84.51M95.59M97.06M106.08M108.53M067.07M70.45M69.17M
SG&A % of Revenue2.14%1.74%6.21%1.61%1.44%1.51%-1.31%1.23%1.07%
Research & Development129.16M141.71M173.89M201.35M219.25M260.95M201.55M70.07M46.34M37.64M
R&D % of Revenue3.07%2.91%11.3%3.34%2.99%3.63%3.64%1.36%0.81%0.58%
Other Operating Expenses000000-82.11M-57.24M-43.96M4.51M
Operating Income+-181.9M-180.47M-260.12M-238.75M-251.91M-297.63M-257.78M-91.96M-56.03M-46.95M
Operating Margin %-4.32%-3.71%-16.91%-3.95%-3.43%-4.14%-4.66%-1.79%-0.98%-0.73%
Operating Income Growth %0.22%0.01%-0.44%0.08%-0.06%-0.18%0.13%0.64%0.39%0.16%
EBITDA+-178.91M-177.35M-256.1M-235.59M-245.7M-290.65M-252.97M-88.92M-54.03M-43.33M
EBITDA Margin %-4.25%-3.65%-16.64%-3.9%-3.35%-4.04%-4.57%-1.73%-0.94%-0.67%
EBITDA Growth %0.22%0.01%-0.44%0.08%-0.04%-0.18%0.13%0.65%0.39%0.2%
D&A (Non-Cash Add-back)2.99M3.12M4.03M3.17M6.21M6.97M4.81M3.04M2M3.62M
EBIT-181.27M-179.16M-263.16M-215.6M-209.81M-294.8M-237.64M-79.12M-53.65M-42.07M
Net Interest Income+631K-92K-3.76M1.48M-23.47M-4.11M-7.44M2.18M6.77M2.33M
Interest Income631K1.31M4.79M11.97M8.39M4.44M1.11M8.54M9.12M4.88M
Interest Expense01.4M8.55M10.48M31.86M8.55M8.55M6.37M2.35M2.55M
Other Income/Expense631K-92K-11.59M12.67M10.24M-5.72M-7.44M-858K6.77M2.33M
Pretax Income+-181.27M-180.56M-271.71M-226.09M-241.68M-303.34M-265.22M-92.81M-49.27M-44.61M
Pretax Margin %-4.3%-3.71%-17.66%-3.74%-3.29%-4.22%-4.8%-1.81%-0.86%-0.69%
Income Tax+951K10.11M13.69M-10.56M-5.22M-8.52M-151K9K5.92M11.8M
Effective Tax Rate %1.01%1.06%1.05%0.95%0.98%0.92%0.75%-9.4%1.12%1.26%
Net Income+-182.22M-190.67M-285.4M-215.52M-236.46M-278.02M-199.43M872.13M-55.19M-56.42M
Net Margin %-4.33%-3.92%-18.55%-3.57%-3.22%-3.87%-3.61%16.99%-0.96%-0.88%
Net Income Growth %0.23%-0.05%-0.5%0.24%-0.1%-0.18%0.28%5.37%-1.06%-0.02%
Net Income (Continuing)-182.22M-190.67M-285.4M-215.52M-236.46M-294.82M-265.07M-92.82M-55.19M-56.42M
Discontinued Operations0000016.81M65.64M964.96M00
Minority Interest0000000000
EPS (Diluted)+-5.34-4.26-5.45-3.99-4.25-4.46-2.87-1.26-1.00-1.15
EPS Growth %0.28%0.2%-0.28%0.27%-0.07%-0.05%0.36%0.56%0.21%-0.15%
EPS (Basic)-5.34-4.26-5.45-3.99-4.25-4.46-2.87-1.26-1.00-1.15
Diluted Shares Outstanding34.15M44.71M52.35M53.97M55.61M62.34M69.46M73.59M55.3M48.85M
Basic Shares Outstanding34.15M44.71M52.35M53.97M55.61M62.34M69.46M73.59M55.3M48.85M
Dividend Payout Ratio----------

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+237.47M528.5M378.75M532.82M338.49M393.34M249.87M353.46M133.54M161.07M
Cash & Short-Term Investments172.43M501.1M348.57M505.28M280.83M292.94M173.47M327.48M102.43M88.35M
Cash Only112.71M344.71M88.98M378.02M58.06M81.47M89.96M298.17M39.55M37.8M
Short-Term Investments59.73M156.39M259.59M127.25M222.77M211.47M83.51M29.31M62.88M50.55M
Accounts Receivable37.15M9.72M9.36M10.67M50.57M69.67M57.6M16.79M17.47M68.44M
Days Sales Outstanding321.9272.94222.0964.53251.42353.88380.1119.32111.07388.01
Inventory10.01M12.22M16.83M0000000
Days Inventory Outstanding784.161.54K1.02K-------
Other Current Assets5.12M2.4M3.7M07.09M10.36M8.56M7.68M11.6M4.2M
Total Non-Current Assets+62.64M110.75M62.65M27.41M70.34M75.72M124.95M253.94M248.46M193.09M
Property, Plant & Equipment9.87M8.46M10.16M13.18M59.25M59.68M53.35M52M45.35M35.77M
Fixed Asset Turnover4.27x5.75x1.51x4.58x1.24x1.20x1.04x0.99x1.27x1.80x
Goodwill0000000000
Intangible Assets0000000000
Long-Term Investments50.86M91.56M41.59M11.87M9.5M833K68.37M000
Other Non-Current Assets1.91M10.73M10.91M2.37M1.59M15.2M3.23M201.94M203.1M157.32M
Total Assets+300.12M639.25M441.4M560.24M408.83M469.06M374.82M607.4M382M354.16M
Asset Turnover0.14x0.08x0.03x0.11x0.18x0.15x0.15x0.08x0.15x0.18x
Asset Growth %-0.11%1.13%-0.31%0.27%-0.27%0.15%-0.2%0.62%-0.37%-0.07%
Total Current Liabilities+49.47M49.27M62.55M98.55M111.7M123.57M58.59M28.71M24.77M32.09M
Accounts Payable18.8M1.73M5.92M9.03M4.76M6.78M3.1M1.55M1.52M2.24M
Days Payables Outstanding1.47K218.57358.584.61K--5.848.9513.69-
Short-Term Debt000017.61M29.2M17.44M000
Deferred Revenue (Current)144K152K125K1000K1000K1000K98K24K00
Other Current Liabilities19.66M33.36M32.37M22.32M29.58M40.83M25.15M-24K12.88M0
Current Ratio4.80x10.73x6.05x5.41x3.03x3.18x4.26x12.31x5.39x5.02x
Quick Ratio4.60x10.48x5.79x5.41x3.03x3.18x4.26x12.31x5.39x5.02x
Cash Conversion Cycle-367.721.4K882.24-------
Total Non-Current Liabilities+7.58M239.75M263.67M513.27M520.96M649.24M654.8M136.88M144.24M146.53M
Long-Term Debt0222.68M223.75M454.35M445.19M599.84M599.39M000
Capital Lease Obligations000047.73M47.22M52.68M45.41M45.24M39.11M
Deferred Tax Liabilities000-26.18M00240K000
Other Non-Current Liabilities7.58M17.08M39.92M32.74M21.29M1.83M2.18M91.29M99M107.42M
Total Liabilities57.05M289.02M326.22M611.82M632.67M772.81M713.39M165.6M169M178.62M
Total Debt+0222.68M223.75M454.35M510.53M676.26M669.52M52.16M49.16M49.82M
Net Debt-112.71M-122.03M134.77M76.33M452.46M594.79M579.56M-246.01M9.61M12.02M
Debt / Equity-0.64x1.94x----0.12x0.23x0.28x
Debt / EBITDA----------
Net Debt / EBITDA----------
Interest Coverage--128.54x-30.43x-22.78x-7.91x-34.82x-30.16x-14.44x-23.84x-18.44x
Total Equity+243.06M350.23M115.18M-51.59M-223.84M-303.75M-338.57M441.8M213M175.54M
Equity Growth %-0.16%0.44%-0.67%-1.45%-3.34%-0.36%-0.11%2.3%-0.52%-0.18%
Book Value per Share7.127.832.20-0.96-4.03-4.87-4.876.003.853.59
Total Shareholders' Equity243.06M350.23M115.18M-51.59M-223.84M-303.75M-338.57M441.8M213M175.54M
Common Stock01K1K1K1K1K1K1K00
Retained Earnings-321.56M-512.23M-797.74M-1.01B-1.25B-1.53B-1.73B-853.91M-909.1M-965.52M
Treasury Stock0000000000
Accumulated OCI-70K-253K-733K-166K145K47K0-15K-65K7K
Minority Interest0000000000

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-168.86M-98.99M-201.05M-112.87M-238.2M-250.4M-207.86M-186.99M-27M-11.54M
Operating CF Margin %-4.01%-2.03%-13.07%-1.87%-3.24%-3.48%-3.76%-3.64%-0.47%-0.18%
Operating CF Growth %0.04%0.41%-1.03%0.44%-1.11%-0.05%0.17%0.1%0.86%0.57%
Net Income-182.22M-190.67M-285.4M-215.52M-236.46M-294.82M-265.07M-92.82M-55.19M-56.42M
Depreciation & Amortization2.99M3.12M4.03M3.17M6.21M6.97M8.6M7.02M4.26M3.62M
Stock-Based Compensation54.05M41.17M49.15M51.31M60.45M62.98M62.06M39.73M25.37M21.39M
Deferred Taxes2.17M282K8.74M-11.21M00003.21M-7.57M
Other Non-Cash Items-8.06M182K10K-43K-23.01M12.25M26.1M-183.28M3.7M7.09M
Working Capital Changes-37.78M46.93M22.43M59.43M-45.4M-37.78M-39.55M42.35M-8.34M20.36M
Change in Receivables-1.63M1.28M-1.61M1.63M-15.02M6.13M1.8M-2.72M0-966K
Change in Inventory1.03M-3.18M-7.3M-1.63M000000
Change in Payables8.72M-16.44M3.8M3.58M-4.27M3.66M-3.53M-1.61M6K750K
Cash from Investing+111.04M-148.24M-56.33M176.71M-83.05M10.72M124.49M1.15B-32.7M12.28M
Capital Expenditures-2.65M-2.13M-2.41M-7.24M-3.18M-6.62M-3.41M-572K-2.49M-332K
CapEx % of Revenue0.06%0.04%0.16%0.12%0.04%0.09%0.06%0.01%0.04%0.01%
Acquisitions----------
Investments----------
Other Investing113.69M-146.1M-53.93M17K5K64K6K1.1B1.51M0
Cash from Financing+81.31M479.23M1.66M225.2M1.29M263.08M91.86M-758.81M-198.93M-2.5M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid0000000000
Share Repurchases----------
Other Financing3.05M7.57M10.22M5.57M6.62M-11.73M3.47M5.08M618K508K
Net Change in Cash----------
Free Cash Flow+-171.5M-101.12M-203.46M-120.11M-241.37M-257.02M-211.26M-187.56M-29.48M-11.87M
FCF Margin %-4.07%-2.08%-13.22%-1.99%-3.29%-3.58%-3.82%-3.65%-0.51%-0.18%
FCF Growth %0.04%0.41%-1.01%0.41%-1.01%-0.06%0.18%0.11%0.84%0.6%
FCF per Share-5.02-2.26-3.89-2.23-4.34-4.12-3.04-2.55-0.53-0.24
FCF Conversion (FCF/Net Income)0.93x0.52x0.70x0.52x1.01x0.90x1.04x-0.21x0.49x0.20x
Interest Paid007.45M7.47M26.18M24.02M39.03M22.24M00
Taxes Paid13.39M9.49M4.93M-7.32M22K14K0117.97M24K109K

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)-68.39%-64.27%-122.65%-677.87%---1689.74%-16.86%-29.04%
Return on Invested Capital (ROIC)-82.45%-75.5%-81.6%-130.38%-149.14%-85.91%-72.68%-31.58%-20.09%-17.17%
Gross Margin88.95%94.05%60.81%98.82%100%100%-250.12%-23.46%29.26%100%
Net Margin-432.56%-391.94%-1854.97%-357.01%-322.08%-386.9%-360.55%1698.54%-96.11%-87.63%
Debt / Equity-0.64x1.94x----0.12x0.23x0.28x
Interest Coverage--128.54x-30.43x-22.78x-7.91x-34.82x-30.16x-14.44x-23.84x-18.44x
FCF Conversion0.93x0.52x0.70x0.52x1.01x0.90x1.04x-0.21x0.49x0.20x
Revenue Growth260.42%15.48%-68.37%292.37%21.61%-2.12%-23.03%-7.17%11.84%12.12%

Revenue by Segment

2015201620172018201920202021202220232024
YUPELRI Monotherapy-------19.5M77.34M83.52M
YUPELRI Monotherapy Growth--------296.70%7.99%
Collaboration revenue-------48.65M57.21M64.38M
Collaboration revenue Growth--------17.58%12.54%
Viatris collaboration agreement------43.85M48.62M--
Viatris collaboration agreement Growth-------10.89%--
Licensing revenue-------2.5M--
Licensing revenue Growth----------
Collaborative revenue------11.46M---
Collaborative revenue Growth----------
Co Promote Agreement---3.27M13.66M43.89M----
Co Promote Agreement Growth----317.22%221.23%----
Collaborative Arrangement Revenue---41.79M31.25M26.46M----
Collaborative Arrangement Revenue Growth-----25.22%-15.32%----
License----28.5M1.5M----
License Growth------94.74%----
Product---15.3M------
Product Growth----------
Ns5a Inhibitor-15.1M--------
Ns5a Inhibitor Growth----------

Revenue by Geography

2015201620172018201920202021202220232024
United States------55.27M51.12M57.2M64.38M
United States Growth--------7.51%11.89%12.55%
Europe21.35M15.21M1.11M11.12M18.65M1.54M38K222K223K-
Europe Growth--28.77%-92.71%902.43%67.80%-91.76%-97.53%484.21%0.45%-
U16.98M33.18M14.27M49.24M54.76M70.32M----
U Growth-95.39%-56.98%245.00%11.21%28.41%----
Asia2.9M254K5K14K------
Asia Growth--91.25%-98.03%180.00%------
Other Regions889K4K--------
Other Regions Growth--99.55%--------

Frequently Asked Questions

Growth & Financials

Theravance Biopharma, Inc. (TBPH) reported $80.3M in revenue for fiscal year 2024. This represents a 441% increase from $14.9M in 2011.

Theravance Biopharma, Inc. (TBPH) grew revenue by 12.1% over the past year. This is steady growth.

Yes, Theravance Biopharma, Inc. (TBPH) is profitable, generating $29.3M in net income for fiscal year 2024 (-87.6% net margin).

Dividend & Returns

Theravance Biopharma, Inc. (TBPH) has a return on equity (ROE) of -29.0%. Negative ROE indicates the company is unprofitable.

Theravance Biopharma, Inc. (TBPH) generated $243.5M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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