AMGN AMGEN margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 95

Gross margin

70.9%

Operating margin

32.4%

EBITDA margin

46.7%

Net margin

24.1%

Using the latest TTM figures, AMGEN shows a gross margin of 70.9%, an operating margin of 32.4%, an EBITDA margin of 46.7%, and a net margin of 24.1%. Operating margin had the largest improvement, increasing by 8.3 percentage points, while the other available margins also improved.

AMGN margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, AMGEN recorded average margins of 65.94% gross, 24.78% operating, 44.42% EBITDA, and 18.07% net. The current gross, operating, EBITDA, and net margins are all above their three-year averages.

AMGN margin expansion

Year-over-year margin changes in percentage points

All available margins expanded year over year, led by operating margin with an increase of 8.3 percentage points.

Gross margin expansion

4.7pp

Operating margin expansion

8.3pp

EBITDA margin expansion

0.8pp

Net margin expansion

4.6pp

AMGN Gross margin

Across the last 3 years, AMGEN's gross margin came to 65.94%. The current gross margin stands at 70.9%, 5 percentage points above its three-year average. Gross margin was highest at 70.9% in Sep 2026 and lowest at 60.5% in Sep 2024.

AMGN Operating margin

Across the last 3 years, AMGEN's operating margin averaged 24.78%. Against its three-year average, AMGEN's operating margin is currently 32.4%, 7.6 percentage points above its three-year average. Operating margin was highest at 32.4% in Sep 2026 and lowest at 19.1% in Sep 2024.

AMGN EBITDA margin

Over the last 3 years, AMGEN had an average EBITDA margin of 44.42%. Against its three-year average, AMGEN's EBITDA margin is currently 46.7%, 2.3 percentage points above its three-year average. Looking back over the last 3 years, AMGEN's EBITDA margin reached 52.5% at its highest point in Dec 2023 and 38.2% at its lowest in Jun 2024.

AMGN Net margin

Over the last 3 years, AMGEN's net margin averaged 18.07%. The current net margin of 24.1% is 6 percentage points above its three-year average. During this period, net margin reached a high of 24.1% in Sep 2026 and a low of 10.1% in Jun 2024.

AMGN margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 70.9%, AMGN stands higher than the Healthcare sector and the industry average but lower than its peers average. But when looking at the Healthcare sector average of 68.3%, AMGEN's gross margin is only 3.8% higher.

AMGN margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is AMGEN's gross margin?

For the period ending Sep 30, 2026, AMGN recorded a gross margin of 70.9%.

What is AMGEN's operating margin?

For the period ending Sep 30, 2026, AMGN recorded an operating margin of 32.4%.

What is AMGEN's EBITDA margin?

The current EBITDA margin for AMGN is 46.7% as of Sep 30, 2026.

What is AMGEN's net margin?

For the period ending Sep 30, 2026, AMGN recorded a net margin of 24.1%.

What are the average margins of AMGN?

Over the last 3 years, AMGEN's margins averaged 65.9% gross, 24.8% operating, 44.4% EBITDA, and 18.1% net.

What are the highest historical margins of AMGN?

AMGEN's highest recorded margins during the past 5 years were 75.8% gross in Sep 2022, 36.6% operating in Sep 2022, 55.7% EBITDA in Jun 2023, and 30.2% net in Mar 2023.

What are the lowest historical margins of AMGN?

Over this 5-year history, AMGEN's margins fell as low as 60.5% gross in Sep 2024, 19.1% operating in Sep 2024, 38.2% EBITDA in Jun 2024, and 10.1% net in Jun 2024.