BIIB Biogen margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 43

Gross margin

74%

Operating margin

4.3%

EBITDA margin

12.9%

Net margin

3.4%

Using the latest TTM figures, Biogen shows a gross margin of 74%, an operating margin of 4.3%, an EBITDA margin of 12.9%, and a net margin of 3.4%. Operating margin had the largest decline, falling by 14.6 percentage points, while the other available margins also weakened.

BIIB margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Biogen recorded average margins of 75.15% gross, 15.1% operating, 22.43% EBITDA, and 12.88% net. The current gross, operating, EBITDA, and net margins are all below their three-year averages.

BIIB margin expansion

Year-over-year margin changes in percentage points

Year over year, gross, operating, EBITDA, and net margins all declined, with operating margin showing the largest decrease at 14.6 percentage points.

Gross margin expansion

-1.2pp

Operating margin expansion

-14.6pp

EBITDA margin expansion

-14pp

Net margin expansion

-12.6pp

BIIB Gross margin

Over the last 3 years, the average gross margin for Biogen was 75.15%. Biogen's current gross margin is 74% and is 1.2 percentage points below its three-year average. Biogen's gross margin ranged from a low of 74% in Jun 2026 to a high of 76.1% in Dec 2024.

BIIB Operating margin

Across the last 3 years, Biogen's operating margin stood at 15.1%. The current operating margin stands at 4.3%, 10.8 percentage points below its three-year average. Operating margin was highest at 19.8% in Sep 2024 and lowest at 4.3% in Sep 2026.

BIIB EBITDA margin

Biogen recorded an average EBITDA margin of 22.43% across the last 3 years. Compared with its three-year average, Biogen's current EBITDA margin is 12.9% and is 9.5 percentage points below its three-year average. The highest EBITDA margin for Biogen was 27.3% in Dec 2024, while the lowest was 12.9% in Sep 2026.

BIIB Net margin

Across the last 3 years, Biogen's net margin stood at 12.88%. The current net margin stands at 3.4%, 9.5 percentage points below its three-year average. Net margin was highest at 16.9% in Dec 2024 and lowest at 3.4% in Sep 2026.

BIIB margin group comparison

Margins compared with peer-group, industry and sector averages

Biogen's gross margin of 74% is higher than the Healthcare sector, the industry and its peers average. In comparison with the Healthcare sector average of 68.3%, Biogen's gross margin is 8% higher.

BIIB margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Biogen's gross margin?

As of Sep 30, 2026, BIIB has a gross margin of 74%.

What is Biogen's operating margin?

For the period ending Sep 30, 2026, BIIB recorded an operating margin of 4.3%.

What is Biogen's EBITDA margin?

As of Sep 30, 2026, BIIB has an EBITDA margin of 12.9%.

What is Biogen's net margin?

The current net margin for BIIB is 3.4% as of Sep 30, 2026.

What are the average margins of BIIB?

Over the last 3 years, Biogen's margins averaged 75.2% gross, 15.1% operating, 22.4% EBITDA, and 12.9% net.

What are the highest historical margins of BIIB?

In the last 5 years, the highest margins reported by BIIB were 80.8% gross in Dec 2021, 36.4% operating in Mar 2023, 42.6% EBITDA in Sep 2022, and 31% net in Mar 2023.

What are the lowest historical margins of BIIB?

Over this 5-year history, Biogen's margins fell as low as 74% gross in Jun 2026, 4.3% operating in Sep 2026, 12.9% EBITDA in Sep 2026, and 3.4% net in Sep 2026.