Gross margin
78.8% Fiscal year 2025
Rank 91 of 100: higher than 91% of 153 peers (All). strong.
Rank 83 of 100: higher than 83% of 20 peers (Sector). strong.
Median Health Care: 66.6%
Share of revenue left after the direct cost of the products sold.
Gilead Sciences is a US biotechnology company. Its focus is drugs for HIV, hepatitis B and C and cancer therapies, including cell therapies. Well-known products include the HIV drug Biktarvy and the Covid drug Veklury. As of Oct 11, 2026
The biopharmaceutical company, based in Foster City, offers medicines for HIV, viral hepatitis, COVID and cancer. For HIV it markets Biktarvy and Descovy, among others. In liver disease it markets Epclusa for chronic hepatitis C, also as an authorized generic through a subsidiary. In oncology it offers a cell therapy for certain forms of lymphoma and leukemia and an antibody-drug conjugate for certain forms of breast cancer. In the US market, sales and distribution of most products run exclusively through wholesalers, mainly Cardinal Health, Cencora and McKesson. Outside the US market it sells through its own teams, external distributors or partners, and manufacturing is in part done by contract manufacturers.
Automatically summarized from SEC annual report (10-K, filed Feb 24, 2026) (website of the US Securities and Exchange Commission) · reviewed Oct 14, 2026
Calculated automatically by fixed rules – not investment advice, check for yourself. How we analyze
Our own calculation from the exchange’s daily candles, as of Oct 27, 2026. “All-time” applies since the start of this series, not to the whole market. Changes in percent; the TradingView chart shows prices. “Today” = change of the last trading day versus the previous day. Not investment advice.
Gilead Sciences · Sector Health Care · amounts in USD
Information only – does not affect the other analysis methods, not investment advice. Source: SEC filings, As of Feb 24, 2026.
Four angles on the annual figures. Each check counts how many disclosed criteria are met – criteria without data do not count. The bars show where the company ranks on each figure among the stocks we cover and within its sector.
Fiscal year to Dec 31, 2025
78.8% Fiscal year 2025
Rank 91 of 100: higher than 91% of 153 peers (All). strong.
Rank 83 of 100: higher than 83% of 20 peers (Sector). strong.
Median Health Care: 66.6%
Share of revenue left after the direct cost of the products sold.
34.0% Fiscal year 2025
Rank 84 of 100: higher than 84% of 192 peers (All). strong.
Rank 88 of 100: higher than 88% of 20 peers (Sector). strong.
Median Health Care: 18.0%
Operating income divided by revenue: what the core business earns before interest and taxes.
28.9% Fiscal year 2025
Rank 82 of 100: higher than 82% of 237 peers (All). strong.
Rank 83 of 100: higher than 83% of 26 peers (Sector). strong.
Median Health Care: 13.9%
Profit after all costs, interest and taxes divided by revenue.
37.5% Fiscal year 2025
Rank 81 of 100: higher than 81% of 218 peers (All). strong.
Rank 83 of 100: higher than 83% of 21 peers (Sector). strong.
Median Health Care: 14.3%
Net income divided by equity at fiscal year end.
14.4% Fiscal year 2025 (total assets at year end)
Rank 83 of 100: higher than 83% of 238 peers (All). strong.
Rank 87 of 100: higher than 87% of 26 peers (Sector). strong.
Median Health Care: 6.4%
Net income divided by total assets at fiscal year end.
38.5% Fiscal year 2025
Rank 55 of 100: higher than 55% of 239 peers (All). medium.
Rank 52 of 100: higher than 52% of 26 peers (Sector). medium.
Median Health Care: 38.5%
Equity as a share of total assets. Usually low for banks.
32.1% Fiscal year 2025
Rank 86 of 100: higher than 86% of 213 peers (All). strong.
Rank 98 of 100: higher than 98% of 25 peers (Sector). strong.
Median Health Care: 14.9%
Free cash flow divided by revenue.
9.5B USD Fiscal year 2025
Operating cash flow minus capital expenditure on property and equipment.
+2.6% per year
Rank 25 of 100: higher than 25% of 230 peers (All). weak.
Rank 38 of 100: higher than 38% of 25 peers (Sector). medium.
Median Health Care: +5.6%
Average growth per year over 3 fiscal years.
+3.6% per year
Rank 14 of 100: higher than 14% of 217 peers (All). weak.
Rank 14 of 100: higher than 14% of 25 peers (Sector). weak.
Median Health Care: +8.5%
Average growth per year over 5 fiscal years.
−1.0% per year
Rank 7 of 100: higher than 7% of 157 peers (All). weak.
Rank 3 of 100: higher than 3% of 19 peers (Sector). weak.
Median Health Care: +10.1%
Average growth per year over 10 fiscal years.
+23.0% per year
Rank 74 of 100: higher than 74% of 157 peers (All). strong.
Rank 89 of 100: higher than 89% of 22 peers (Sector). strong.
Median Health Care: +5.5%
Growth of earnings per share per year, adjusted for stock splits.
+132.4% per year
Rank 98 of 100: higher than 98% of 146 peers (All). strong.
Rank 98 of 100: higher than 98% of 20 peers (Sector). strong.
Median Health Care: +7.0%
Growth of earnings per share per year, adjusted for stock splits.
−5.5% per year
Rank 5 of 100: higher than 5% of 140 peers (All). weak.
Rank 8 of 100: higher than 8% of 20 peers (Sector). weak.
Median Health Care: +8.3%
Growth of earnings per share per year, adjusted for stock splits.
47% Fiscal year 2025
Dividend per share divided by earnings per share.
2.4x Fiscal year 2025
Free cash flow per share divided by dividend per share. From 1x the dividend is covered.
8 of 9 Fiscal year 2025
Rank 90 of 100: higher than 90% of 134 peers (All). strong.
Rank 92 of 100: higher than 92% of 19 peers (Sector). strong.
Median Health Care: 7.0 of 9
Nine yes/no tests on profit, cash flow, debt, liquidity and efficiency compared with the prior year.
0.97 at fiscal year end
Rank 33 of 100: lower than 33% of 199 peers (All). medium.
Rank 19 of 100: lower than 19% of 18 peers (Sector). weak.
Median Health Care: 0.72
Long-term financial debt divided by equity.
1.55 at fiscal year end
Rank 56 of 100: higher than 56% of 215 peers (All). medium.
Rank 48 of 100: higher than 48% of 26 peers (Sector). medium.
Median Health Care: 1.56
Current assets divided by current liabilities.
−0.6% in 5 years
Rank 46 of 100: lower than 46% of 199 peers (All). medium.
Rank 31 of 100: lower than 31% of 24 peers (Sector). weak.
Median Health Care: −2.7%
Change in diluted share count. Negative = share buybacks, positive = new shares.
Last fiscal year compared with the one before. Returns and revenue per total assets use total assets at the start of the year; leverage = long-term financial debt divided by total assets at year end; new shares via the average diluted share count.
Price-based criteria (P/E, dividend yield) are shown to signed-in users.
Computed automatically from SEC annual reports – not investment advice. Describes the reported figures; points are not a rating of the stock. Rank 0–100 against the 239 stocks we cover and against the sector (from 5 peers); the stronger side is always on the right.
Summarized from the lights below. Describes the reported figures – not a recommendation to buy or sell.
Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 29.4B USD · Net income 8.5B USD · Net margin 28.9%
Where the money of a fiscal year goes and how margins, returns, balance sheet, cash flow and share count developed over up to 10 years. Each chart has one sentence saying what the trend shows.
Of 100 USD of revenue, 78.8 USD gross profit, 34.0 USD operating income and 28.9 USD net income remained.
| Item | Amount | of revenue |
|---|---|---|
| Revenue | 29.4B USD | 100.0% |
| Gross profit | 23.2B USD | 78.8% |
| Cost of revenue | 6.2B USD | 21.2% |
| Operating income | 10.0B USD | 34.0% |
| Research & development | 5.8B USD | 19.7% |
| Other operating expenses | 7.4B USD | 25.1% |
| Net income | 8.5B USD | 28.9% |
| Interest expense | 1.0B USD | 3.5% |
| Taxes & other (net) | 488.0M USD | 1.7% |
Taxes, interest and other items are not available separately in the SEC data; they are combined as the difference.
The operating margin rose in 5 years from 16.5% to 34.0%.
Gross marginOperating marginNet marginReturn on equity rose in 5 years from 0.7% to 37.5%.
Return on equityReturn on assetsThe equity ratio rose in 5 years from 26.6% to 38.5%.
EquityLong-term debt in USD Long-term debt, depending on the filing, includes the current portion or leases.The current ratio rose in 5 years from 1.40 to 1.55.
Current ratioFree cash flow rose in 5 years from 7.5B USD to 9.5B USD.
Operating cash flowCapital expenditureFree cash flow in USDThe share count stayed roughly the same in 5 years.
Diluted share countFrom annual reports filed with the SEC (10-K, 20-F, 40-F) as first reported, share count adjusted for splits; obvious filing errors (e.g. wrong unit, outliers against both neighbouring years) are hidden. Describes the reported figures – not investment advice.
How much the company returns to its shareholders – as dividends or by repurchasing its own shares – and whether free cash flow supports it.
The dividend per share rose in 4 years from 2.84 USD to 3.16 USD.
Dividend per share USD per share Per share as filed with the SEC, including special dividends; obvious filing errors are hidden.The payout ratio fell in 4 years from 57.6% to 46.6%.
Payout ratio (earnings)Payout ratio (free cash flow) Ratios above 500% hidden (earnings or free cash flow close to zero).Over 5 years, 25.1B USD went back to shareholders, 24% of it through share repurchases. That is 54% of the free cash flow of those years. This was offset by new shares issued for 1.5B USD (including employee plans).
Dividends paidShare repurchasesNew shares issued (including employee plans)Free cash flow in USDDividends paid, repurchases and new shares issued from the cash flow statement of annual reports filed with the SEC (as first reported). Describes the reported figures – not investment advice.
Price-based valuation (P/E, P/S, price/free cash flow and dividend yield per fiscal year, compared with its own average) for signed-in users. Log in
Gilead Sciences next to 8 stocks of the sector Health Care we cover that are closest in revenue. Click a column header to sort the table.
| Symbol | Revenue (FY) | Growth 5 yrs | Gross margin | Op. margin | Net margin | ROE | Equity ratio | FCF margin | Piotroski |
|---|---|---|---|---|---|---|---|---|---|
| BMY Bristol Myers Squibb | 48.2B USD | +2.5% | 71.1% | – | 14.6% | 38.2% | 20.5% | 26.7% | 8/9 |
| TMO Thermo Fisher Scientific | 44.6B USD | +6.7% | – | 17.4% | 15.0% | 12.6% | 48.4% | 14.1% | – |
| ABT Abbott Laboratories | 44.3B USD | +5.1% | 56.4% | 18.2% | 14.7% | 12.5% | 60.1% | 16.7% | 6/9 |
| AMGN Amgen | 36.8B USD | +7.6% | 67.2% | 24.7% | 21.0% | 89.1% | 9.6% | 22.0% | 7/9 |
| MDT Medtronic | 36.4B USD | +3.8% | 65.0% | 17.8% | 13.2% | 9.7% | 53.2% | 14.9% | 7/9 |
| GILD Gilead Sciences this stock | 29.4B USD | +3.6% | 78.8% | 34.0% | 28.9% | 37.5% | 38.5% | 32.1% | 8/9 |
| SYK Stryker Corporation | 25.1B USD | +11.8% | 64.0% | 19.5% | 12.9% | 14.5% | 46.9% | 17.1% | 6/9 |
| DHR Danaher Corporation | 24.6B USD | +2.0% | 59.1% | 19.1% | 14.7% | 6.9% | 62.9% | 21.4% | 7/9 |
| REGN Regeneron Pharmaceuticals | 14.3B USD | +11.0% | – | 24.9% | 31.4% | 14.4% | 77.1% | 28.4% | – |
| Median of the sector 26 symbols | 44.4B USD | +8.5% | 66.6% | 18.0% | 13.9% | 14.3% | 38.5% | 14.9% | 7/9 |
Growth 5 yrs = revenue growth per year over 5 fiscal years · Op. margin = operating margin · ROE = return on equity · FCF = free cash flow · Piotroski = F-Score (only with all 9 criteria).
Figures of the last fiscal year from SEC annual reports (peers as of Oct 28, 2026). Median across all companies of the sector we cover (from 5 stocks; several share classes of one company count once). Signed-in users also see P/E, P/S and dividend yield in the comparison. Describes the reported figures – not investment advice.
Each light follows a simple, disclosed rule. The comparison is with the sector median Sector medianThe middle value of all companies in a sector: half are above it, half below. Unlike the average, single outliers hardly distort it.Example: Margins 4%, 8%, 10%, 12%, 60% → median 10%, average 18.8%.More in the Academy: Lesson putting the P/E in context of all 63 symbols in the Health Care sector on our list (current members of the S&P 500 and other lists).
+3.6% per year, last 5 years
Sector Health Care: median +7.8% (60 symbols)
What does this mean? Revenue: over 5 years it grew by 3.6% per year on average, but more slowly than the median company in the sector (+7.8%).
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
+133.3% per year, last 5 years
Sector Health Care: median +7.5% (46 symbols)
per share: +132.4% per year (5 years, split-adjusted)
What does this mean? Total net income: over 5 years it grew by 133.3% per year on average – at least as fast as the median company in the sector (+7.5%).
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
28.9% last fiscal year
Sector Health Care: median 12.9% (63 symbols)
What does this mean? Of every 100 USD in revenue, 28.90 USD remained as profit – at least as much as the median company in the sector (12.9%). Five years ago the margin was 0.5%.
Light rule: Green: at least the sector median (without a sector comparison: profit) · Yellow: profit, but below the median · Red: loss.
2.22 latest balance sheet
Sector Health Care: median 0.66 (49 symbols)
What does this mean? For every 1 USD of equity there is 2.22 USD of financial debt – more than twice as much as the median company in the sector (0.66). More debt amplifies good and bad years alike.
Light rule: Green: at most the sector median · Yellow: up to twice the median · Red: more than twice · Gray: without a sector comparison.
47% Dividend / earnings per share
Sector Health Care: median 28% (31 symbols)
What does this mean? Of every 1 USD of earnings per share, 0.47 USD went to shareholders as a dividend. The rest stays in the company. Median company in the sector: 28%.
Light rule: Green: up to 60% of earnings · Yellow: up to 100% · Red: more than earnings or a dividend despite a loss · Gray for real estate (REITs). The sector median is for comparison only.
10 of 10 fiscal years with a profit
What does this mean? In 10 of the last 10 fiscal years the bottom line showed a profit. There were no losses in this period.
Light rule: Green: profit in every year · Yellow: one loss year · Red: several loss years (at least 3 years needed).
| Year | End | Revenue | Net income | Margin | Earnings per share | Dividend per share | Payout |
|---|---|---|---|---|---|---|---|
| 2025 | Dec 31, 2025 | 29.4B | 8.5B | 28.9% | 6.78 | 3.16 | 47% |
| 2024 | Dec 31, 2024 | 28.8B | 480.0M | 1.7% | 0.38 | 3.08 | 811% |
| 2023 | Dec 31, 2023 | 27.1B | 5.7B | 20.9% | 4.50 | 3.00 | 67% |
| 2022 | Dec 31, 2022 | 27.3B | 4.6B | 16.8% | 3.64 | 2.92 | 80% |
| 2021 | Dec 31, 2021 | 27.3B | 6.2B | 22.8% | 4.93 | 2.84 | 58% |
| 2020 | Dec 31, 2020 | 24.7B | 123.0M | 0.5% | 0.10 | 2.72 | 2,720% |
| 2019 | Dec 31, 2019 | 22.4B | 5.4B | 24.0% | 4.22 | 2.52 | 60% |
| 2018 | Dec 31, 2018 | 22.1B | 5.5B | 24.7% | 4.17 | 2.28 | 55% |
| 2017 | Dec 31, 2017 | 26.1B | 4.6B | 17.7% | 3.51 | 2.08 | 59% |
| 2016 | Dec 31, 2016 | 30.4B | 13.5B | 44.4% | 9.94 | 1.84 | 19% |
| Quarter | End | Revenue | Net income | Margin | Earnings per share | Dividend per share | Payout |
|---|---|---|---|---|---|---|---|
| Q2/26 | Jun 30, 2026 | 7.8B | −10.5B | −134.5% | −8.45 | 0.82 | – |
| Q1/26 | Mar 31, 2026 | 7.0B | 2.0B | 29.0% | 1.61 | 0.82 | 51% |
| Q4/25* | Dec 31, 2025 | 7.9B | 2.2B | 27.5% | – | 0.79 | – |
| Q3/25 | Sep 30, 2025 | 7.8B | 3.1B | 39.3% | 2.43 | 0.79 | 33% |
| Q2/25 | Jun 30, 2025 | 7.1B | 2.0B | 27.7% | 1.56 | 0.79 | 51% |
| Q1/25 | Mar 31, 2025 | 6.7B | 1.3B | 19.7% | 1.04 | 0.79 | 76% |
| Q4/24* | Dec 31, 2024 | 7.6B | 1.8B | 23.6% | – | 0.77 | – |
| Q3/24 | Sep 30, 2024 | 7.5B | 1.3B | 16.6% | 1.00 | 0.77 | 77% |
| Q2/24 | Jun 30, 2024 | 7.0B | 1.6B | 23.2% | 1.29 | 0.77 | 60% |
| Q1/24 | Mar 31, 2024 | 6.7B | −4.2B | −62.4% | −3.34 | 0.77 | – |
| Q4/23* | Dec 31, 2023 | 7.1B | 1.4B | 20.1% | – | 0.75 | – |
| Q3/23 | Sep 30, 2023 | 7.1B | 2.2B | 30.9% | 1.73 | 0.75 | 43% |
* Q4 derived: fiscal year minus the 9-month value (EPS cannot be derived this way); may be distorted by restatements.
How we calculate: values as first reported to the SEC (later corrections are left out), a fixed order of reporting tags per figure, partial sums are never added up. Growth per year Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth over 5 years (otherwise 3 years). Quarters are labeled by the calendar quarter in which they end.
| Period | Purchases | Sales | Net |
|---|---|---|---|
| 3 months | $00 people | $15.9M5 people | −$15.9M |
| 6 months | $00 people | $26.6M5 people | −$26.6M |
| 12 months | $00 people | $87.9M7 people | −$87.9M |
Source: mandatory filings with the SEC (Form 4), open-market purchases and sales only. General information, not investment advice.
ATR ATR (Average True Range)The average range per trading day over the last 14 days. It makes distances comparable, whether a stock costs 10 or 1,000.Example: ATR 2.50 at a price of 100: 0.4 ATR is 1.00, i.e. 1%.More in the Academy: Lesson ATR and moving averages as price values only when logged in.
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