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Alnylam Pharmaceuticals (ALNY)


Market Price (9/17/2025): $460.2 | Market Cap: $59.7 Bil
Sector: Health Care | Industry: Biotechnology

Alnylam Pharmaceuticals (ALNY)


Market Price (9/17/2025): $460.2
Market Cap: $59.7 Bil
Sector: Health Care
Industry: Biotechnology

Investment Highlights

0 Low stock price volatility
Vol 12M is 44%
Trading close to highs
Dist 52W High is -4.3%, Dist 3Y High is -4.3%
Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -115 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -4.9%
1   Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -1.9%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -3.2%
2   Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -4.9%
0 Low stock price volatility
Vol 12M is 44%
1 Trading close to highs
Dist 52W High is -4.3%, Dist 3Y High is -4.3%
2 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -115 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -4.9%
3 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -1.9%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -3.2%
4 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -4.9%

Market Valuation

 9/17/252024202320222021
Share Price CYE$460.20$235.31$191.41$237.65$169.58
Market Cap CYE ($ Bil)59.730.424.029.320.3
Total Debt ($ Bil)1.31.31.31.31.0
Total Cash ($ Bil)2.62.72.42.22.4
Enterprise Value ($ Bil)58.331.725.330.621.3
Valuation Ratios     
P/S TTM25.413.413.127.923.8
P/EBIT TTM-284.0-127.5-76.6-29.8-28.3
P/E TTM-221.3-108.0-54.3-25.6-23.6
Sector Ratios     
P/S TTM (Sector)3.73.64.14.57.3
P/EBIT TTM (Sector)-1.6-1.3-1.4-1.3-2.9
P/E TTM (Sector)-1.8-1.5-1.5-1.3-2.9
 9/17/2520242023
Share Price CYE$460.20$235.31$191.41
Market Cap CYE ($ Bil)59.730.424.0
Total Debt ($ Bil)1.31.31.3
Total Cash ($ Bil)2.62.72.4
Enterprise Value ($ Bil)58.331.725.3
Valuation Ratios   
P/S TTM25.413.413.1
P/EBIT TTM-284.0-127.5-76.6
P/E TTM-221.3-108.0-54.3
Sector Ratios   
P/S TTM (Sector)3.73.64.1
P/EBIT TTM (Sector)-1.6-1.3-1.4
P/E TTM (Sector)-1.8-1.5-1.5

Business Description

Alnylam Pharmaceuticals, Inc., a biopharmaceutical company, focuses on discovering, developing, and commercializing novel therapeutics based on ribonucleic acid interference. The company's pipeline of investigational RNAi therapeutics focuses on genetic medicines, cardio-metabolic diseases, hepatic infectious diseases, and central nervous system (CNS)/ocular diseases. Its marketed products include ONPATTRO (patisiran), a lipid complex injection for the treatment of the polyneuropathy of hereditary transthyretin-mediated amyloidosis in adults; GIVLAARI for the treatment of adults with acute hepatic porphyria (AHP); and OXLUMO (lumasiran) for the treatment of primary hyperoxaluria type 1 (PH1). Show more

Price Returns Compared

Expand for Detailed View

 202020212022202320242025Total [1]
Returns
ALNY Return13%30%40%-19%23%96%305%
Peers Return64%12%8%2%-11%5%90%
S&P 500 Return16%27%-19%24%23%12%104%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: IONS, SRPT, NTLA, ABBV, AMGN. See ALNY Returns vs. Peers.
[3] 2025 data is for the year up to 9/16/2025 (YTD)

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Financials

ALNYIONSSRPTNTLAABBVAMGNMedian
NameAlnylam .Ionis Ph.Sarepta .Intellia.AbbVie Amgen  
Mkt Price461.2461.3118.1012.27216.26273.08138.79
Mkt Cap59.89.71.81.3382.3146.934.8
Rev LTM2,3487172,4825358,32834,9172,415
Op Inc LTM-115-472-1-51213,6958,192-58
FCF LTM-75-563-454-42218,23910,605-249
FCF 3Y Avg-184-438-505-39620,2738,590-290
CFO LTM-45-502-301-41919,28312,013-173
CFO 3Y Avg-131-401-395-38721,1549,753-259

Growth & Margins

ALNYIONSSRPTNTLAABBVAMGNMedian
NameAlnylam .Ionis Ph.Sarepta .Intellia.AbbVie Amgen  
Rev Chg LTM17.2%-7.6%64.9%15.0%6.1%12.9%13.9%
Rev Chg 3Y Avg40.8%-1.4%45.0%6.2%0.6%10.0%8.1%
Rev Chg Q20.2%10.1%68.4%104.8%6.6%9.4%15.2%
QoQ Delta Rev Chg LTM4.4%1.7%11.1%16.0%1.7%2.3%3.4%
Op Mgn LTM-4.9%-65.9%-0.0%-968.7%23.5%23.5%-2.5%
Op Mgn 3Y Avg-27.5%-65.7%-16.1%-991.9%27.2%26.4%-21.8%
QoQ Delta Op Mgn LTM3.0%1.5%5.2%218.7%1.0%1.6%2.3%
CFO/Rev LTM-1.9%-70.0%-12.1%-791.9%33.1%34.4%-7.0%
CFO/Rev 3Y Avg-13.1%-59.0%-29.1%-766.0%37.5%32.0%-21.1%
FCF/Rev LTM-3.2%-78.5%-18.3%-798.0%31.3%30.4%-10.8%
FCF/Rev 3Y Avg-16.6%-64.4%-35.5%-785.0%36.0%28.2%-26.1%

Valuation

ALNYIONSSRPTNTLAABBVAMGNMedian
NameAlnylam .Ionis Ph.Sarepta .Intellia.AbbVie Amgen  
Mkt Cap59.89.71.81.3382.3146.934.8
P/S25.513.60.724.16.64.210.1
P/EBIT-284.6-25.8-354.3-2.564.914.2-14.1
P/E-221.8-21.2-30.6-2.7101.622.2-11.9
P/CFO-1,325.9-19.4-5.9-3.019.812.2-4.5
Total Yield-0.5%-4.7%-3.3%-37.7%3.9%7.9%-1.9%
Dividend Yield0.0%0.0%0.0%0.0%3.0%3.4%0.0%
FCF Yield 3Y Avg-0.8%-7.0%-12.0%-23.9%7.3%6.2%-3.9%
D/E0.00.10.80.10.20.40.2
Net D/E-0.0-0.10.3-0.30.20.30.1

Returns

ALNYIONSSRPTNTLAABBVAMGNMedian
NameAlnylam .Ionis Ph.Sarepta .Intellia.AbbVie Amgen  
1M Rtn2.7%40.1%-17.0%11.6%4.6%-7.9%3.7%
3M Rtn49.4%69.6%-16.0%28.1%17.6%-5.1%22.8%
6M Rtn88.8%86.1%-75.4%33.5%2.9%-12.8%18.2%
12M Rtn70.6%50.7%-85.4%-43.0%14.4%-15.8%-0.7%
3Y Rtn116.5%32.3%-83.8%-81.3%68.0%30.0%31.2%
1M Excs Rtn0.3%37.6%-19.4%9.2%2.2%-10.3%1.3%
3M Excs Rtn39.9%64.5%-23.1%27.4%4.8%-16.4%16.1%
6M Excs Rtn65.8%62.3%-98.6%11.7%-13.8%-28.9%-1.1%
12M Excs Rtn58.2%31.4%-103.6%-58.7%-2.6%-32.6%-17.6%
3Y Excs Rtn44.2%-31.5%-147.2%-143.4%8.7%-41.1%-36.3%

Financials

Segment Financials

Revenue by Segment

$ Mil20242023202220212020
AMVUTTRA558940  
Net revenues from collaborations54613518113153
ONPATTRO355558475306166
GIVLAARI219173128550
OXLUMO11070600 
Royalty revenue4181  
Total1,8281,037844493220


Price Behavior

Short Interest

Short Interest: As Of Date8292025
Short Interest: Shares Quantity3,973,434
Short Interest: % Change Since 815202516.0%
Average Daily Volume1,064,147
Days-to-Cover Short Interest3.73
Basic Shares Quantity129,676,000
Short % of Basic Shares3.1%

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
7/31/202515.4%26.0%33.1%
2/15/2024-10.2%-0.8%-9.1%
11/2/20232.9%7.9%9.2%
8/3/20231.7%-0.3%5.8%
5/4/20233.0%5.7%-2.9%
1/9/2023-2.3%4.7%-1.8%
10/27/2022-3.5%6.6%5.8%
7/28/20221.1%49.3%50.7%
...
SUMMARY STATS   
# Positive10119
# Negative10911
Median Positive2.3%6.6%13.2%
Median Negative-3.7%-7.5%-6.6%
Max Positive15.4%49.3%50.7%
Max Negative-15.2%-9.6%-18.9%

SEC Filings

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Report DateFiling DateFiling
6302025731202510-Q 6/30/2025
3312025501202510-Q 3/31/2025
12312024213202510-K 12/31/2024
93020241031202410-Q 9/30/2024
6302024801202410-Q 6/30/2024
3312024502202410-Q 3/31/2024
12312023215202410-K 12/31/2023
93020231102202310-Q 9/30/2023
6302023803202310-Q 6/30/2023
3312023504202310-Q 3/31/2023
12312022223202310-K 12/31/2022
93020221027202210-Q 9/30/2022
6302022728202210-Q 6/30/2022
3312022428202210-Q 3/31/2022
12312021210202210-K 12/31/2021
93020211028202110-Q 9/30/2021

Insider Activity

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 OwnerTitleFiling DateActionPriceSharesTransacted
Value
Value of
Held Shares
Form
0Reitan Colleen F 5122025Buy286.00329,1529,152Form
1Garg PushkalCMO & EVP Dev & Med Affairs3252025Sell285.004,3211,231,4855,762,985Form
2Fitzgerald Kevin JosephCSO & EVP, Head of Research3032025Sell236.51276,3863,040,100Form
3Garg PushkalCMO & EVP Dev & Med Affairs12132024Sell247.4812129,9454,290,313Form