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Earnings transcript
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BMY
Bristol-Myers Squibb Company
$59.6
-2.13
(-3.45%)
| Exchange: | NYSE |
| Market Cap: | 121.374B |
| Shares Outstanding: | 2.136B |
About The Company
| Sector: | Healthcare | |||||
| Industry: | Drug Manufacturers – General | |||||
| CEO: | Christopher S. Boerner | |||||
| Full Time Employees: | 34100 | |||||
| Address: |
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| Website: | https://www.bms.com |
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. It also provides Sprycel for the treatment of Philadelphia chromosome-positive chronic myeloid leukemia; Yervoy for the treatment of patients with unresectable or metastatic melanoma; Abraxane, a protein-bound chemotherapy product; Reblozyl for the treatment of anemia in adult patients with beta thalassemia; and Empliciti for the treatment of multiple myeloma. In addition, the company offers Zeposia to treat relapsing forms of multiple sclerosis; Breyanzi, a CD19-directed genetically modified autologous T cell immunotherapy for the treatment of adult patients with relapsed or refractory large B-cell lymphoma; Inrebic, an oral kinase inhibitor indicated for the treatment of adult patients with myelofibrosis; and Onureg for the treatment of adult patients with AML. It sells products to wholesalers, distributors, pharmacies, retailers, hospitals, clinics, and government agencies. The company was formerly known as Bristol-Myers Company. The company was founded in 1887 and is headquartered in New York, New York.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 45,006,000 | 48,300,000 | 48,194,000 |
| Gross Profit | 25,357,000 | 27,432,000 | 32,602,000 |
| EBITDA | 19,366,000 | 3,168,000 | 14,545,000 |
| Operating Income | 8,472,000 | 9,658,000 | 12,696,000 |
| Net Income | 8,025,000 | -8,948,000 | 7,053,000 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 95,159,000 | 92,603,000 | 90,038,000 |
| Total Liabilities | 65,674,000 | 76,215,000 | 71,532,000 |
| Total Stockholders Equity | 29,430,000 | 16,335,000 | 18,473,000 |
| Total Debt | 41,464,000 | 51,200,000 | 48,965,000 |
| Cash and Cash Equivalents | 11,464,000 | 10,346,000 | 10,209,000 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 13,860,000 | 15,190,000 | 14,156,000 |
| Capital Expenditure | -1,209,000 | -1,248,000 | -1,311,000 |
| Free Cash Flow | 12,651,000 | 13,942,000 | 12,845,000 |
| Net Income | 8,040,000 | -8,933,000 | 7,055,000 |
| Net Change in Cash | 2,194,000 | -1,172,000 | -137,000 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2030 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 35,502,748.574 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 37,043,720.441 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 36,393,839.096 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 11,700,396.563 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 12,208,244.058 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 11,994,067.135 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 9,640,214.484 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 10,188,304.624 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 9,957,161.374 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 5,812,813.630 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 6,065,114.723 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 5,958,710.591 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 4.880 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 4.990 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 4.720 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 11 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 3 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Strong Financial Performance: Bristol-Myers Squibb reported robust financial results in the Q3 2025 earnings call, with total company sales demonstrating significant growth compared to prior periods. Key metrics such as revenue and net income reflect a solid operational foundation, supported by consistent operating cash flow as per the latest income and cash flow statements.
- Strategic Growth Focus: The company highlighted a clear strategic emphasis on expanding its product portfolio and pipeline during the earnings call, which aligns with sustained gross profit margins and positive free cash flow yield (as per Key Metrics TTM). This indicates effective capital allocation and potential for reinvestment in innovation.
- Market Position and Scale: With a substantial market capitalization and a presence in the pharmaceutical industry (as per Company Profile), BMY benefits from economies of scale, a diversified revenue base across product and geographic segments, and a workforce of significant size, enhancing operational resilience.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates BMY intrinsic value between $77.34 – $101.21 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about BMY valuation
Is Bristol-Myers Squibb Company (BMY) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Bristol-Myers Squibb Company (BMY) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is BMY a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether BMY trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is BMY’s P/E ratio?
You can see BMY’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for BMY?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is BMY a good long-term investment?
Whether BMY fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
BMY
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Daily snapshot
-3.45
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Daily snapshotTrading Metrics:
| Open: | 60.31 | Previous Close: | 61.73 | |
| Day Low: | 59.1 | Day High: | 60.58 | |
| Year Low: | 42.52 | Year High: | 62.89 | |
| Price Avg 50: | 59.17 | Price Avg 200: | 50.83 | |
| Volume: | 11.477M | Average Volume: | 12.852M |
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Login — it's freeBMY full analysis
Welcome to MARKETSNAP’s SWOT analysis for Bristol-Myers Squibb, a heavyweight in the pharmaceutical space that most of you are likely familiar with. Today, we’re diving deep into what makes this company tick, breaking down its strengths, weaknesses, opportunities, and threats, all while keeping an eye on what this means for you as a long-term investor. Let’s unpack the latest developments, financials, and trends to see if Bristol-Myers Squibb deserves a spot in your portfolio. Grab a coffee, and let’s get…
