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Bristol Myers SquibbBMY

$136.5B market cap
Bristol Myers SquibbBMY
Revenue

Revenue: is the business selling more than it used to?

$48.2B−0% YoYFY 2025

0.00$20.0B$40.0B2011201220132014201520162017201820192020202120222023202420252026$49.2B

◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year

Revenue reached $48.2B in 2025, compounding +1% a year since 2022 though the path has been bumpy. The trailing twelve months are already running at $49.2B, ahead of the last full year.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

Bristol Myers SquibbBMY
Net income

Net income: how much of that revenue becomes profit?

$7.1BFY 2025

$-10.0B0.00$10.0B2011201220132014201520162017201820192020202120222023202420252026$9.3B

◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year

Net income was $7.1B in 2025, compounding +4% a year over three years. Earnings per share moved +84% over the last twelve months. Trailing twelve-month profit stands at $9.3B.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

Bristol Myers SquibbBMY
Growth rate

How fast is it growing, year by year?

-0.2%revenue growth, FY 2025

0.0%100%200%20122013201420152016201720182019202020212022202320242025-0.2%27%

Off the axis: 2018 earnings +388.6% · 2020 earnings -362.1% · 2024 earnings -211.5% - rebounds off a collapsed prior year.

Revenue grew -0% in 2025 against a five-year average of +3%. 2018's +389% earnings rebound off a collapsed base and 2020's swing into loss (-362%) and 2024's swing into loss (-212%) sits off the axis.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

Bristol Myers SquibbBMY
Per-share growth

Revenue per share: is your slice growing as fast as the company?

$23.64revenue per share, FY 2025

0.0010.0020.00201120122013201420152016201720182019202020212022202320242025202624.125.61

2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year

Revenue per share reached $23.64 in 2025, compounding +3% a year against +1% for BMY as a whole. Buybacks added roughly 1.7 points to your per-share result. Free cash flow per share stands at $6.30.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

Bristol Myers SquibbBMY
Free cash flow

Free cash flow: what is left in real cash after everything?

$12.8B−8% YoYFY 2025

0.00$10.0B20112012201320142015201620172018201920202021$15.2B20222023202420252026$11.4B

◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year

Free cash flow was $12.8B in 2025, compounding +2% a year since 2022. The trailing twelve months stand at $11.4B.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

Bristol Myers SquibbBMY
Cash conversion

How much of every sales dollar ends up as free cash?

0.0%20%2011201236%2013201420152016201720182019202020212022202320242025202623%

◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year

27 cents of every sales dollar became free cash in 2025, and it has held steady since 2022.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

Bristol Myers SquibbBMY
Spending intensity

What does staying competitive cost, per dollar of sales?

0.0%20%20112012201320142015201620172018201920202021202220232024202520262.7%22%1.1%

2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year

The biggest claim on each sales dollar is research and development, at 21% of revenue (capital spending 3%, stock compensation 1%).

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

Bristol Myers SquibbBMY
Margins

Margins: of every $1 of sales, how much survives each cost layer?

0.0%50%201120122013201420152016201720182019202020212022202320242025202663%19%

2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year

Net margin stands at 15% in 2025. BMY doesn't break out gross or operating margin in its filings, so net is the only layer the data supports.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

Bristol Myers SquibbBMY
Returns on capital

What does it earn on the money it uses?

-50%0.0%201120122013201420152016201720182019202020212022202320242025202642%11%

2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year

BMY earns 42% on shareholders' capital. Return on capital employed isn't meaningful for this business model, so ROE carries the picture alone.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

Bristol Myers SquibbBMY
Valuation history

What has the market paid for BMY over time?

14.7xP/E today

0.0025.0050.0020152016201720182019202120222023202520269-year median 16.7xP/E 14.68

2026 = at the latest close (2026-09-04), over the trailing twelve months; earlier years are annual averages

At 14.7x earnings, the market is paying 12% less than BMY's own 9-year median of 16.7x. Pessimism is priced in - the question is whether it is deserved.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

Bristol Myers SquibbBMY
Free cash flow yield

What cash return does the business throw off per dollar of market value?

8.4%FCF yield today

0.0%10%20152016201720182019202020212022202320242025202611-year median 11.2%FCF yield 8.4%

2026 = at the latest close (2026-09-04), over the trailing twelve months; earlier years are annual averages

Every dollar of market value currently buys 8.4% of annual free cash flow, less than its 11-year median of 11.2% - you are paying up for the same cash.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

Bristol Myers SquibbBMY
Debt & cash

Could it handle its debt if things went wrong?

0.00$20.0B$40.0B201220132014201520162017201820192020202120222023202420252026$43.1B$8.9B

2026 = the latest balance sheet (2026-06-30), not a fiscal year-end

Debt of $43.1B sits against $8.7B of cash, or 1.9x shareholders' equity.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

Bristol Myers SquibbBMY
Shareholders' equity

Is the company's own capital growing?

0.00$20.0B$40.0B20122013201420152016201720182019$51.6B2020202120222023202420252026$22.3B

The company's own capital shrank from $29.4B in 2023 to $22.3B (-24%). Buybacks or losses are drawing the buffer down - the distinction matters.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

Bristol Myers SquibbBMY
Capital returned

How much goes back, and how much leaks out as stock comp?

0.00$5.0B201020112012201320162017201820192020202120222023202420252026

Shareholders received $5.0B in dividends in 2025. Stock compensation issued $553M of new shares in the same year, offsetting 11% of that.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

Bristol Myers SquibbBMY
Dilution rate

How fast is your ownership being diluted - or concentrated?

0.0%20%20122013201420152016201720182019202032%202120222023202420250.6%

The share count grew 0.6% in 2025. Your slice of the company shrinks by that much each year unless earnings grow faster.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

Bristol Myers SquibbBMY
Dividend per share

Is the dividend cheque growing?

0.001.002.00201120122013201420152016201720182019202020212022202320242025DPS 2.47

The dividend per share reached $2.47 in 2025, compounding +7% a year since 2020.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

Bristol Myers SquibbBMY
Payout quality

Can it afford the dividend?

0.0%100%200%2011201220132014201520162017201820192021202220232025202654%44%

2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year

The dividend consumed 72% of profit and 39% of free cash flow in 2025. That leaves room to keep paying through a weak year.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

Bristol Myers SquibbBMY
Dilution against what it bought

BMY has issued or retired shares - did shareholders end up better off?

0100200201120122013201420152016201720182019202020212022202320242025119191

BMY issued +19% more shares from 2011 to 2025, but revenue per share still rose +91%. The dilution bought more growth than it cost existing holders.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

Bristol Myers SquibbBMY
Insider flow

Are the people running it buying or selling?

$1M0.00Apr '26Aug '26

Insiders sold $2M on the open market and bought nothing. Many sales are pre-scheduled diversification rather than a view on the price. A further 57 filings were grants, option exercises or tax withholding, which say nothing either way.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

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