Bristol-Myers Squibb (BMY)
Market Price (9/17/2025): $46.32 | Market Cap: $94.1 BilSector: Health Care | Industry: Pharmaceuticals
Bristol-Myers Squibb (BMY)
Market Price (9/17/2025): $46.32Market Cap: $94.1 BilSector: Health CareIndustry: Pharmaceuticals
Investment Highlights
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 11%, Dividend Yield is 5.2%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.5%, FCF Yield is 14% | Weak multi-year price returns2Y Excs Rtn is -65%, 3Y Excs Rtn is -88% | Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.5%, Rev Chg QQuarterly Revenue Change % is -5.6% |
Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 30%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 27%, CFO LTM is 14 Bil, FCF LTM is 13 Bil | ||
Low stock price volatilityVol 12M is 30% |
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 11%, Dividend Yield is 5.2%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.5%, FCF Yield is 14% |
Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 30%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 27%, CFO LTM is 14 Bil, FCF LTM is 13 Bil |
Low stock price volatilityVol 12M is 30% |
Weak multi-year price returns2Y Excs Rtn is -65%, 3Y Excs Rtn is -88% |
Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.5%, Rev Chg QQuarterly Revenue Change % is -5.6% |
Market Valuation
9/17/25 | 2024 | 2023 | 2022 | 2021 | |
---|---|---|---|---|---|
Share Price CYE | $46.32 | $55.34 | $47.79 | $64.71 | $54.38 |
Market Cap CYE ($ Bil) | 94.1 | 112.3 | 96.9 | 136.5 | 119.8 |
Total Debt ($ Bil) | 51.2 | 51.2 | 41.5 | 40.7 | 45.6 |
Total Cash ($ Bil) | 11.8 | 10.9 | 12.3 | 9.3 | 17.2 |
Enterprise Value ($ Bil) | 133.5 | 163.5 | 138.4 | 177.2 | 165.4 |
Valuation Ratios | |||||
P/S TTM | 2.0 | 2.4 | 2.4 | 3.3 | 3.0 |
P/EBIT TTM | 11.6 | -17.8 | 11.1 | 17.1 | 14.7 |
P/E TTM | 17.4 | -12.8 | 13.2 | 24.2 | 19.8 |
Sector Ratios | |||||
P/S TTM (Sector) | 3.7 | 3.6 | 4.1 | 4.5 | 7.3 |
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 |
9/17/25 | 2024 | 2023 | |
---|---|---|---|
Share Price CYE | $46.32 | $55.34 | $47.79 |
Market Cap CYE ($ Bil) | 94.1 | 112.3 | 96.9 |
Total Debt ($ Bil) | 51.2 | 51.2 | 41.5 |
Total Cash ($ Bil) | 11.8 | 10.9 | 12.3 |
Enterprise Value ($ Bil) | 133.5 | 163.5 | 138.4 |
Valuation Ratios | |||
P/S TTM | 2.0 | 2.4 | 2.4 |
P/EBIT TTM | 11.6 | -17.8 | 11.1 |
P/E TTM | 17.4 | -12.8 | 13.2 |
Sector Ratios | |||
P/S TTM (Sector) | 3.7 | 3.6 | 4.1 |
P/EBIT TTM (Sector) | -1.6 | -1.3 | -1.4 |
P/E TTM (Sector) | -1.8 | -1.5 | -1.5 |
Business Description
Bristol-Myers Squibb Company discovers, develops, licenses, manufactures, and markets biopharmaceutical products worldwide. It offers products for hematology, oncology, cardiovascular, immunology, fibrotic, neuroscience, and covid-19 diseases. The company's products include Revlimid, an oral immunomodulatory drug for the treatment of multiple myeloma; Eliquis, an oral inhibitor for reduction in risk of stroke/systemic embolism in NVAF, and for the treatment of DVT/PE; Opdivo for anti-cancer indications; Pomalyst/Imnovid indicated for patients with multiple myeloma; and Orencia for adult patients with active RA and psoriatic arthritis.
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Price Returns Compared
Expand for Detailed View2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
---|---|---|---|---|---|---|---|
Returns | |||||||
BMY Return | 0% | 3% | 19% | -26% | 16% | -16% | -12% |
Peers Return | 12% | 39% | 8% | 10% | 1% | -1% | 82% |
S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 12% | 104% |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: LLY, JNJ, MRK, ZTS, PFE. See BMY Returns vs. Peers.
[3] 2025 data is for the year up to 9/16/2025 (YTD)
Latest Trefis Analyses
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for Bristol-Myers Squibb
Financials
Median | |
---|---|
Name | |
Mkt Price | 114.28 |
Mkt Cap | 169.7 |
Rev LTM | 58,437 |
Op Inc LTM | 18,242 |
FCF LTM | 12,762 |
FCF 3Y Avg | 10,765 |
CFO LTM | 14,749 |
CFO 3Y Avg | 13,002 |
Growth & Margins
Median | |
---|---|
Name | |
Rev Chg LTM | 5.0% |
Rev Chg 3Y Avg | 3.8% |
Rev Chg Q | 5.0% |
QoQ Delta Rev Chg LTM | 1.3% |
Op Mgn LTM | 28.6% |
Op Mgn 3Y Avg | 24.4% |
QoQ Delta Op Mgn LTM | 1.1% |
CFO/Rev LTM | 27.3% |
CFO/Rev 3Y Avg | 26.5% |
FCF/Rev LTM | 21.3% |
FCF/Rev 3Y Avg | 20.2% |
Valuation
Median | |
---|---|
Name | |
Mkt Cap | 169.7 |
P/S | 3.9 |
P/EBIT | 13.3 |
P/E | 18.1 |
P/CFO | 14.7 |
Total Yield | 9.6% |
Dividend Yield | 3.4% |
FCF Yield 3Y Avg | 4.8% |
D/E | 0.1 |
Net D/E | 0.1 |
Returns
Median | |
---|---|
Name | |
1M Rtn | -3.5% |
3M Rtn | -0.3% |
6M Rtn | -8.2% |
12M Rtn | -15.8% |
3Y Rtn | -1.1% |
1M Excs Rtn | -6.0% |
3M Excs Rtn | -12.1% |
6M Excs Rtn | -24.9% |
12M Excs Rtn | -33.0% |
3Y Excs Rtn | -65.0% |
Comparison Analyses
Segment Financials
Revenue by Segment
$ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|---|
Eliquis | 12,206 | 11,789 | 10,762 | 9,168 | 7,929 |
Opdivo | 9,009 | 8,249 | 7,523 | 6,992 | 7,204 |
Revlimid | 6,097 | 9,978 | 12,821 | 12,106 | 1,299 |
Orencia | 3,601 | 3,464 | 3,306 | 3,157 | 2,977 |
Pomalyst/Imnovid | 3,441 | 3,497 | 3,332 | 3,070 | 322 |
Yervoy | 2,238 | 2,131 | 2,026 | 1,682 | 1,489 |
Sprycel | 1,930 | 2,165 | 2,117 | 2,140 | 2,110 |
Other Growth products | 1,211 | 1,092 | |||
Reblozyl | 1,008 | 717 | 551 | 274 | |
Abraxane | 1,004 | 811 | 1,181 | 1,247 | 166 |
Other Legacy products | 962 | 1,162 | |||
Opdualag | 627 | 252 | 0 | ||
Abecma | 472 | 388 | 164 | ||
Zeposia | 434 | 250 | 134 | 12 | |
Breyanzi | 364 | 182 | 87 | ||
Camzyos | 231 | 24 | 0 | ||
Sotyktu | 170 | 8 | 0 | ||
Augtyro | 1 | 0 | 0 | ||
Cobenfy | 0 | 0 | |||
Krazati | 0 | 0 | |||
Inrebic | 74 | 55 | 5 | ||
Mature and other brands | 2,234 | 2,217 | |||
Onureg | 73 | 17 | |||
Empliciti | 381 | 357 | |||
Baraclude | 555 | ||||
Other Brands | 1,674 | ||||
Vidaza | 58 | ||||
Total | 45,006 | 46,159 | 46,385 | 42,518 | 26,145 |
Returns Analyses
Earnings Returns History
Expand for MoreForward Returns | |||
---|---|---|---|
Earnings Date | 1D Returns | 5D Returns | 21D Returns |
7/31/2025 | -5.8% | -2.5% | 2.0% |
4/24/2025 | 0.3% | 3.4% | -3.1% |
2/6/2025 | -3.8% | -6.0% | 2.3% |
10/31/2024 | 5.9% | 5.0% | 12.5% |
7/26/2024 | 11.4% | 6.4% | 6.3% |
4/25/2024 | -8.5% | -9.5% | -15.0% |
2/2/2024 | 0.1% | 0.1% | 4.6% |
10/26/2023 | -6.4% | -9.4% | -12.1% |
... | |||
SUMMARY STATS | |||
# Positive | 12 | 13 | 12 |
# Negative | 12 | 11 | 12 |
Median Positive | 2.0% | 3.4% | 2.1% |
Median Negative | -3.4% | -2.6% | -3.2% |
Max Positive | 11.4% | 6.8% | 12.5% |
Max Negative | -8.5% | -9.5% | -15.0% |
SEC Filings
Expand for MoreReport Date | Filing Date | Filing |
---|---|---|
6302025 | 7312025 | 10-Q 6/30/2025 |
3312025 | 4242025 | 10-Q 3/31/2025 |
12312024 | 2122025 | 10-K 12/31/2024 |
9302024 | 10312024 | 10-Q 9/30/2024 |
6302024 | 7262024 | 10-Q 6/30/2024 |
3312024 | 4252024 | 10-Q 3/31/2024 |
12312023 | 2132024 | 10-K 12/31/2023 |
9302023 | 10262023 | 10-Q 9/30/2023 |
6302023 | 7272023 | 10-Q 6/30/2023 |
3312023 | 4272023 | 10-Q 3/31/2023 |
12312022 | 2142023 | 10-K 12/31/2022 |
9302022 | 10262022 | 10-Q 9/30/2022 |
6302022 | 7272022 | 10-Q 6/30/2022 |
3312022 | 4292022 | 10-Q 3/31/2022 |
12312021 | 2092022 | 10-K 12/31/2021 |
9302021 | 10272021 | 10-Q 9/30/2021 |
Insider Activity
Expand for MoreOwner | Title | Filing Date | Action | Price | Shares | TransactedValue | Value ofHeld Shares | Form | |
---|---|---|---|---|---|---|---|---|---|
0 | Hickey Benjamin | President, RayzeBio Org. | 5132025 | Sell | 38.01 | 97 | 3,702 | Form | |
1 | Hirawat Samit | EVP,Chief Med.Offr.,Drug Dev. | 4292025 | Buy | 47.58 | 4,250 | 202,215 | 3,973,572 | Form |
2 | BOERNER CHRISTOPHER S. | Chief Executive Officer | 2212025 | Buy | 55.05 | 2,000 | 110,096 | 5,759,452 | Form |
3 | Hirawat Samit | EVP,Chief Med.Offr.,Drug Dev. | 2192025 | Buy | 54.84 | 1,823 | 100,000 | 3,506,058 | Form |
4 | Holzer Phil M | SVP and Controller | 11052024 | Sell | 55.62 | 700 | 38,930 | 654,032 | Form |
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