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Biomarin Pharmaceutical vs Neurocrine Biosciences

Biomarin Pharmaceutical and Neurocrine Biosciences are similar in size: $3.22bn and $2.86bn of revenue in their latest fiscal years. Neurocrine Biosciences grew faster (21.4% against 12.9%). Neurocrine Biosciences kept more of each dollar of sales as profit: a net margin of 16.7% against 10.8%. Neurocrine Biosciences carries less debt relative to equity (0.0% against 9.9%).

Latest fiscal yearBiomarin PharmaceuticalBMRN, 2025Neurocrine BiosciencesNBIX, 2025
Revenue $3.22bn $2.86bn
Revenue growth 12.9% 21.4%
Net income $349m $479m
Operating margin 12.7% 21.6%
Net margin 10.8% 16.7%
Return on equity 5.9% 16.4%
Free cash flow $725m $749m
Cash $1.31bn $713m
Total debt $600m $0
Debt to equity 9.9% 0.0%
Dividend per share — —
Dividend yield — —
Share buybacks — $168m
Employees 3,221 1,800
Market value $10.80bn $16.93bn
Price vs our value range Within our value range Below our value range
Moat score 40 (Weak) 61 (Moderate)
Insider trades, 12 months 0 buys, 5 sales 0 buys, 40 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.