undamentalytics Newsletter

Biomarin Pharmaceutical vs United Therapeutics

Biomarin Pharmaceutical and United Therapeutics are similar in size: $3.22bn and $3.18bn of revenue in their latest fiscal years. Biomarin Pharmaceutical grew faster (12.9% against 10.6%). United Therapeutics kept more of each dollar of sales as profit: a net margin of 41.9% against 10.8%.

Latest fiscal yearBiomarin PharmaceuticalBMRN, 2025United TherapeuticsUTHR, 2025
Revenue $3.22bn $3.18bn
Revenue growth 12.9% 10.6%
Net income $349m $1.33bn
Operating margin 12.7% 46.9%
Net margin 10.8% 41.9%
Return on equity 5.9% 19.7%
Free cash flow $725m $1.04bn
Cash $1.31bn $1.56bn
Total debt $600m —
Debt to equity 9.9% —
Dividend per share — —
Dividend yield — —
Share buybacks — $1.00bn
Employees 3,221 1,400
Market value $10.80bn $25.65bn
Price vs our value range Within our value range Within our value range
Moat score 40 (Weak) 75 (Strong)
Insider trades, 12 months 0 buys, 5 sales 1 buys, 2808 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.

Go deeper

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.