BRISTOL MYERS SQUIBB CO BMY

Healthcare SIC 2834 - Pharmaceutical Preparations NYSE

Bristol-Myers Squibb Company ("we", the "Company", "Bristol Myers Squibb", or "BMS") was incorporated under the laws of the State of Delaware in August 1933 under the name Bristol-Myers Company, as successor to a New York business started in 1887. In 1989, Bristol-Myers Company changed its name to Bristol-Myers Squibb Company as a result of a merger.

We operate in a single segment engaged in the discovery, development, licensing, manufacturing, marketing, distribution and sale of innovative medicines that help patients prevail over serious diseases. Our principal strategy is to combine the resources, scale and capability of a large pharmaceutical company with the speed, agility and focus on innovation typically found in the biotech industry. Our focus as a biopharmaceutical company is on discovering, developing and delivering transformational medicines for patients facing serious diseases in areas where we believe that we have an opportunity to make a meaningful difference: oncology, hematology, immunology, cardiovascular, neuroscience and other areas where we can also create long-term value. Our priorities are to focus on transformational medicines where we have a competitive advantage, drive operational excellence throughout the organization and strategically allocate capital for long-term growth and shareholder returns. We are driving commercial execution in our key first-in-class and/or best-in-class marketed products, where we continue to expand and see potential for further expansion into the future. For a further discussion of our strategy initiatives, refer to "Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations—Strategy."

Last close 66.82 2026-09-04
Market cap $136.49B 2026-06-30 share count
52-week range 42.52 - 68.64

Valuation FY2025 figures against the last close

P/S2.8x
P/E19.3x
P/FCF10.6x
EV/EBITDA
Dividend yield3.7%
Diluted EPS3.46

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $48.19B$48.30B$45.01B$46.16B$46.38B$42.52B$26.14B$22.56B$20.78B$19.43B
Cost of revenue $13.94B$13.97B$10.69B$10.14B$9.94B$11.77B$8.08B$6.47B$6.01B$4.97B
Gross profit $34.26B$34.33B$34.31B$36.02B$36.45B$30.75B$18.07B$16.09B$14.68B$14.48B
R&D $9.95B$11.16B$9.30B$9.51B$10.20B$10.05B$6.15B$6.33B$6.47B$5.01B
SG&A $7.27B$8.41B$7.77B$7.81B$7.69B$7.66B$4.87B$4.55B$4.75B$4.98B
Total operating expenses $38.87B$56.68B$36.57B$38.45B$38.29B$49.39B$21.17B$16.59B$15.64B$13.51B
Interest expense $1.89B$1.95B$1.17B$1.23B$1.33B$1.42B$656.0M$183.0M$196.0M$167.0M
Pre-tax income $9.33B-$8.38B$8.44B$7.71B$8.10B-$6.87B$4.97B$5.97B$5.13B$5.92B
Income tax $2.27B$554.0M$400.0M$1.37B$1.08B$2.12B$1.51B$1.02B$4.16B$1.41B
Net income $7.05B-$8.95B$8.03B$6.33B$6.99B-$9.02B$3.44B$4.92B$1.01B$4.46B
EPS, basic 3.47-4.413.882.973.15-3.992.023.010.612.67
EPS, diluted 3.46-4.413.862.953.12-3.992.013.010.612.65
Shares, diluted (wtd. avg.) $2.04B$2.03B$2.08B$2.15B$2.25B$2.26B$1.71B$1.64B$1.65B$1.68B

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $10.21B$10.35B$11.52B$9.32B$14.32B$14.97B$12.82B$6.91B$5.42B$4.24B
Short-term investments $464.0M$513.0M$816.0M$130.0M$2.99B$1.28B$3.05B$1.85B$1.39B$2.11B
Receivables $9.59B$9.01B$8.88B$8.15B$7.98B$7.22B$6.48B$4.64B$4.35B$3.77B
Inventory $2.69B$2.56B$2.66B$2.34B$2.10B$2.07B$4.29B$1.20B$1.17B$1.24B
Total current assets $29.39B$29.78B$31.77B$27.27B$33.26B$30.19B$29.35B$17.72B$14.85B$13.70B
Property, plant and equipment $7.54B$7.14B$6.65B$6.25B$6.05B$5.89B$6.25B$5.03B$5.00B$4.98B
Goodwill $21.75B$21.72B$21.17B$21.15B$20.50B$20.55B$22.49B$6.54B$6.86B$6.88B
Other intangibles $19.10B$23.31B$27.07B$35.86B$42.53B$53.24B$63.97B$1.09B$1.21B$1.39B
Total assets $90.04B$92.60B$95.16B$96.82B$109.31B$118.48B$55.16B$34.83B$33.08B$32.94B
Accounts payable $3.58B$3.60B$3.26B$3.04B$2.95B$2.71B$2.44B$1.89B$2.25B$1.66B
Short-term debt $1.98B$1.83B$2.87B$3.90B$4.76B$2.00B$2.76B$1.25B$0$749.0M
Total current liabilities $23.42B$23.77B$22.26B$21.89B$21.87B$19.08B$18.30B$10.65B$9.56B$8.84B
Long-term debt $42.85B$47.60B$36.65B$35.06B$39.60B$48.34B$43.39B$5.63B$5.78B$7.24B
Total liabilities $71.53B$76.22B$65.67B$65.70B$73.31B$80.60B$78.25B$20.86B$21.70B$17.36B
Retained earnings $16.90B$14.91B$28.77B$25.50B$23.82B$21.28B$34.47B$34.06B$31.16B$33.51B
Total equity $18.47B$16.34B$29.43B$31.06B$35.95B$37.82B$51.60B$15.32B$12.91B$14.54B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $14.16B$15.19B$13.86B$13.07B$16.21B$14.05B$8.21B$7.07B$5.28B$3.06B
Depreciation and amortisation $4.01B$9.60B$9.76B$10.28B$10.69B$10.38B$1.75B$637.0M$789.0M$382.0M
Stock-based compensation $553.0M$507.0M$518.0M$457.0M$583.0M$779.0M$441.0M$221.0M$199.0M$205.0M
Capital expenditure $1.31B$1.25B$1.21B$1.12B$973.0M$753.0M$836.0M$951.0M$1.05B$1.22B
Investing cash flow -$4.13B-$21.35B-$2.29B-$1.06B-$538.0M-$10.86B-$9.91B-$2.00B-$66.0M$1.48B
Financing cash flow -$10.35B$5.13B-$9.42B-$16.96B-$16.22B-$1.15B$7.62B-$3.54B-$4.08B-$2.65B
Dividends paid $5.04B$4.86B$4.74B$4.63B$4.40B$4.08B$2.68B$2.61B$2.58B$2.55B
Buybacks $0$0$5.16B$8.00B$6.29B$1.55B$7.30B$320.0M$2.47B$231.0M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000014272-26-000004.

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