Global biotechnology company investing in scientific innovation to create transformative medicines for serious diseases.
Profile & Fundamentals
Vertex Pharmaceuticals Incorporated: Company identity, ownership, reported financial performance, balance sheets, and corporate actions.
Profile & Fundamentals
Vertex Pharmaceuticals Incorporated Profile & Fundamentals
Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.
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Company and Market Context
Company Profile & Ownership
Vertex Pharmaceuticals Incorporated operates as a biotechnology company in the United States, Europe, and internationally. The company offers transformative medicines for people with serious diseases with a focus on specialty markets, such as cystic fibrosis (CF), sickle cell disease (SCD), transfusion dependent beta thalassemia (TDT), and acute pain. It markets TRIKAFTA/KAFTRIO for people with CF with at least one F508del mutation for 2 years of age and older; ALYFTREK for the treatment for people with CF 6 years of age and older; SYMDEKO/SYMKEVI for treatment of patients with CF 6 years of age and older; ORKAMBI for CF patients 1 year or older; and KALYDECO for the treatment of patients with 1 month or older who have CF with ivacaftor. The company also develops CASGEVY for the treatment of SCD and TDT; JOURNAVX for the treatment of acute pain in adults; VX-522, a CFTR mRNA therapeutic designed to treat the underlying cause of CF, which is in Phase 1/2 clinical trial; inaxaplin for the treatment of APOL1-mediated kidney disease, which is in single Phase 2 trial; VX-264 for treating Type 1 Diabetes; VX-670 for the treatment of myotonic dystrophy type 1; and VX-407, a small molecule corrector for the treatment of autosomal dominant polycystic kidney disease. In addition, the company also operates as a clinical-stage pharmaceutical company, that focuses on the discovery, development, and commercialization of novel therapeutics for rare endocrine diseases and endocrine-related tumors. The company sells its products primarily to specialty pharmacy and distributors, wholesalers, retail pharmacies, hospitals, and clinics. Vertex Pharmaceuticals Incorporated has a strategic collaboration with AbCellera Biologics Inc. to research, develop, manufacture, and commercialize multispecific T-cell engagers (TCEs) for autoimmune diseases and other conditions. Vertex Pharmaceuticals Incorporated was founded in 1989 and is headquartered in Boston, Massachusetts.
Company profile record
Vertex Pharmaceuticals Inc
Common Stock · Health Care · Biotechnology
Company
- Company / asset
- Vertex Pharmaceuticals Inc
- Security type
- Common Stock
- Sector
- Health Care
- Industry
- Biotechnology
- HQ
- 🇺🇸 United States
- Head office
- 50 Northern Avenue, Boston, MA, United States, 02210
Leadership & scale
- Chief executive
- Dr. Reshma Kewalramani FASN, M.D.
- CEO year born
- 1973
- Full-time employees
- 6.4K
- Fiscal year end
- December
- IPO date
- 1991-07-24
Fundamentals snapshot
- Market Cap
- USD 128.4B
- P/E
- 29.2x
- Revenue (Q2 26)
- USD 3.3B
- Profit (Q2 26)
- USD 1.1B
- Dividend Yield
- --
- Revenue (FY 25)
- USD 12.1B
- Shares in public float
- 252.7M
- Insider ownership
- 0.21%
Reporting & identifiers
- Symbol
- VRTX.NASDAQ
- Listing
- 🇺🇸 United States | Dividend Tax: 30%
- Ticker Currency
- USD
- Income Statement Currency
- USD
- Balance Sheet Currency
- USD
- Cash Flow Currency
- USD
- EPS Currency
- USD
- Contract Type
- SPOT
- ISIN
- US92532F1003
- Asset ID
- equity_04a23db8-2e99-574a-9503-5df65650e440
Ownership
Shares Outstanding
Latest: 255.7M | Max: 263.1M | Min: 255.7M
Latest reported ownership snapshot
As of Oct 1, 2026Float Shares
98.82%
252.7M latest reported shares
Insider Ownership
0.21%
Latest reported insider stake
Short Float
0.02%
Latest reported short interest / float
Top Holders
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| Reporting date | Shares outstanding |
|---|---|
| 2017-01-01 | 256,804,000 |
| 2018-01-01 | 259,812,000 |
| 2019-01-01 | 262,108,000 |
| 2020-01-01 | 263,106,000 |
| 2021-01-01 | 257,000,000 |
| 2022-01-01 | 260,300,000 |
| 2023-01-01 | 260,900,000 |
| 2024-01-01 | 260,500,000 |
| 2025-01-01 | 256,100,000 |
| 2026-01-01 | 255,700,000 |
Top Holders
Available reported ownership records.
Scroll the table to see every column.
| Holder | Shares | Ownership | Reported date |
|---|---|---|---|
| Capital World Investors | 26,115,014 | 10.3% | 2026-06-30 |
| BlackRock Inc | 23,969,517 | 9.46% | 2026-03-31 |
| Capital Research Global Investors | 19,490,637 | 7.69% | 2026-06-30 |
| Vanguard Capital Management, LLC | 16,512,810 | 6.51% | 2026-03-31 |
| American Funds Growth Fd of Amer A | 12,542,510 | 4.95% | 2026-06-30 |
| State Street Corp | 11,730,139 | 4.63% | 2026-03-31 |
| Vanguard MStar Total Stk Mkt Idx Invest | 8,067,170 | 3.18% | 2026-08-31 |
| Amvescap Plc. | 7,892,611 | 3.11% | 2026-03-31 |
| JPMorgan Chase & Co | 7,033,156 | 2.77% | 2026-03-31 |
| Vanguard 500 Index Investor | 6,743,178 | 2.66% | 2026-08-31 |
| American Funds Invmt Co of Amer A | 6,269,142 | 2.47% | 2026-06-30 |
| Geode Capital Management, LLC | 6,139,621 | 2.42% | 2026-03-31 |
| American Funds American Balanced A | 5,558,357 | 2.19% | 2026-06-30 |
| Invesco QQQ Trust | 5,460,045 | 2.15% | 2026-08-31 |
| Vanguard Portfolio Management, LLC | 5,145,609 | 2.03% | 2026-03-31 |
Earnings, Profitability & Valuation
Earnings, Profitability & Valuation
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
The company's earnings engine has rebounded strongly from 2024 accounting distortions, when the upfront four-point-nine billion dollar purchase of Alpine Immune Sciences caused a temporary reported loss. In fiscal 2025, revenue grew near ten percent to twelve billion dollars, while operating profit normalized at four-point-eight billion dollars. Recent results through mid-2026 demonstrate steady momentum, with quarterly sales advancing twelve percent year-over-year. However, headline sales growth conceals an important operational shift: adjusted earnings grew only five percent last quarter. Heavy marketing investments for new drug launches and substantial discounting for acute pain prescriptions have absorbed initial revenue gains. While free cash flow of nearly four billion dollars confirms outstanding underlying health, profit growth will remain moderate until new therapies achieve commercial scale.
The company's earnings engine has rebounded strongly from 2024 accounting distortions, when the upfront four-point-nine billion dollar purchase of Alpine Immune Sciences caused a temporary reported loss. In fiscal 2025, revenue grew near ten percent to twelve billion dollars, while operating profit normalized at four-point-eight billion dollars. Recent results through mid-2026 demonstrate steady momentum, with quarterly sales advancing twelve percent year-over-year. However, headline sales growth conceals an important operational shift: adjusted earnings grew only five percent last quarter. Heavy marketing investments for new drug launches and substantial discounting for acute pain prescriptions have absorbed initial revenue gains. While free cash flow of nearly four billion dollars confirms outstanding underlying health, profit growth will remain moderate until new therapies achieve commercial scale.
Revenue, Net Income, and Free Cash Flow
Latest: USD 12.1B | Max: USD 12.1B | Min: USD -790.3M
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: 29x
Profitability & Margins
Margins and Operating Efficiency
AI Review
Profitability remains among the highest across the global healthcare sector, underpinned by remarkable pricing power. Gross profit margins consistently hold near eighty-five percent, as manufacturing small-molecule pills requires very low variable production costs. Operating margins recovered to nearly forty percent in fiscal 2025 once acquisition accounting rolled off, demonstrating the immense cash generation of core medicines. Going forward, margin expansion faces competing forces. Transitioning patients to Alyftrek reduces third-party royalty payments, creating an underlying gross margin benefit. However, building commercial sales forces to launch therapies in crowded hospital pain and nephrology markets inflates selling overhead. Operating margins will likely remain near forty percent as commercial expansion expenses absorb initial royalty savings.
Profitability remains among the highest across the global healthcare sector, underpinned by remarkable pricing power. Gross profit margins consistently hold near eighty-five percent, as manufacturing small-molecule pills requires very low variable production costs. Operating margins recovered to nearly forty percent in fiscal 2025 once acquisition accounting rolled off, demonstrating the immense cash generation of core medicines. Going forward, margin expansion faces competing forces. Transitioning patients to Alyftrek reduces third-party royalty payments, creating an underlying gross margin benefit. However, building commercial sales forces to launch therapies in crowded hospital pain and nephrology markets inflates selling overhead. Operating margins will likely remain near forty percent as commercial expansion expenses absorb initial royalty savings.
Profitability Margins
Latest: 85.0% | Max: 88.9% | Min: -6.6%
Latest Profitability Ratios as of 2025-12-31
Gross Margin
85.0%
Gross profit / revenue
Operating Margin
39.4%
Operating income / revenue
Net Margin
32.7%
Net income / revenue
FCF Margin
26.5%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
Scroll the table to see every column.
| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2016-12-31 | 1,702,177,000 | -112,052,000 | 179,540,000 |
| 2017-12-31 | 2,488,652,000 | 263,484,000 | 585,521,000 |
| 2018-12-31 | 3,047,597,000 | 2,096,896,000 | 1,174,762,000 |
| 2019-12-31 | 4,162,821,000 | 1,176,810,000 | 1,493,879,000 |
| 2020-12-31 | 6,205,683,000 | 2,711,700,000 | 2,993,705,000 |
| 2021-12-31 | 7,574,400,000 | 2,342,100,000 | 2,408,500,000 |
| 2022-12-31 | 8,930,700,000 | 3,322,000,000 | 3,925,200,000 |
| 2023-12-31 | 9,869,200,000 | 3,619,600,000 | 3,278,900,000 |
| 2024-12-31 | 11,020,100,000 | -535,600,000 | -790,300,000 |
| 2025-12-31 | 12,074,600,000 | 3,953,200,000 | 3,193,800,000 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
Scroll the table to see every column.
| Period end | P/E (times earnings) | Earnings basis |
|---|---|---|
| 2025-12-31 | 29.37 | Trailing four quarters |
| 2023-12-31 | 29.33 | Trailing four quarters |
| 2022-12-31 | 22.63 | Annual net income |
| 2021-12-31 | 24.1 | Annual net income |
Profitability Margins
Matching annual reporting dates. Values are percentages.
Scroll the table to see every column.
| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2016-12-31 | 87.64 | 0.58 | -6.58 | 10.55 |
| 2017-12-31 | 88.95 | 4.95 | 10.59 | 23.53 |
| 2018-12-31 | 86.56 | 20.84 | 68.8 | 38.55 |
| 2019-12-31 | 86.84 | 28.77 | 28.27 | 35.89 |
| 2020-12-31 | 88.14 | 46.03 | 43.7 | 48.24 |
| 2021-12-31 | 88.06 | 36.73 | 30.92 | 31.8 |
| 2022-12-31 | 87.9 | 48.23 | 37.2 | 43.95 |
| 2023-12-31 | 87.21 | 38.83 | 36.68 | 33.22 |
| 2024-12-31 | 86.11 | -2.11 | -4.86 | -7.17 |
| 2025-12-31 | 85.03 | 39.43 | 32.74 | 26.45 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Source: eodhd. Snapshot retrieved 2026-09-29.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
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