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Side-by-side financial comparison of Amgen (AMGN) and RedHill Biopharma Ltd. (RDHL). Click either name above to swap in a different company.

Amgen is the larger business by last-quarter revenue ($9.9B vs $18.3M, roughly 537.8× RedHill Biopharma Ltd.). Amgen runs the higher net margin — 13.5% vs -63.8%, a 77.3% gap on every dollar of revenue. On growth, Amgen posted the faster year-over-year revenue change (8.6% vs -14.7%).

Amgen Inc. is an American multinational biopharmaceutical company headquartered in Thousand Oaks, California. The company is ranked 18th on the list of largest biomedical companies by revenue. The name "AMGen" is a portmanteau of the company's original name, Applied Molecular Genetics.

RedHill Biopharma Ltd. is a specialty biopharmaceutical firm focused on developing and commercializing innovative therapeutics for gastrointestinal disorders, inflammatory conditions, and infectious diseases. It operates mainly in North American and European markets, delivering prescription treatments for unmet clinical needs and partnering with healthcare stakeholders to expand product access.

AMGN vs RDHL — Head-to-Head

Bigger by revenue
AMGN
AMGN
537.8× larger
AMGN
$9.9B
$18.3M
RDHL
Growing faster (revenue YoY)
AMGN
AMGN
+23.3% gap
AMGN
8.6%
-14.7%
RDHL
Higher net margin
AMGN
AMGN
77.3% more per $
AMGN
13.5%
-63.8%
RDHL

Income Statement — Q4 2025 vs Q2 2022

Metric
AMGN
AMGN
RDHL
RDHL
Revenue
$9.9B
$18.3M
Net Profit
$1.3B
$-11.7M
Gross Margin
69.8%
51.0%
Operating Margin
27.6%
-49.9%
Net Margin
13.5%
-63.8%
Revenue YoY
8.6%
-14.7%
Net Profit YoY
112.6%
59.8%
EPS (diluted)
$2.45
$-0.02

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AMGN
AMGN
RDHL
RDHL
Q4 25
$9.9B
Q3 25
$9.6B
Q2 25
$9.2B
Q1 25
$8.1B
Q4 24
$9.1B
Q3 24
$8.5B
Q2 24
$8.4B
Q1 24
$7.4B
Net Profit
AMGN
AMGN
RDHL
RDHL
Q4 25
$1.3B
Q3 25
$3.2B
Q2 25
$1.4B
Q1 25
$1.7B
Q4 24
$627.0M
Q3 24
$2.8B
Q2 24
$746.0M
Q1 24
$-113.0M
Gross Margin
AMGN
AMGN
RDHL
RDHL
Q4 25
69.8%
Q3 25
67.8%
Q2 25
67.2%
Q1 25
63.6%
Q4 24
65.7%
Q3 24
61.1%
Q2 24
61.4%
Q1 24
57.0%
Operating Margin
AMGN
AMGN
RDHL
RDHL
Q4 25
27.6%
Q3 25
26.4%
Q2 25
28.9%
Q1 25
14.5%
Q4 24
25.4%
Q3 24
24.1%
Q2 24
22.8%
Q1 24
13.3%
Net Margin
AMGN
AMGN
RDHL
RDHL
Q4 25
13.5%
Q3 25
33.7%
Q2 25
15.6%
Q1 25
21.2%
Q4 24
6.9%
Q3 24
33.3%
Q2 24
8.9%
Q1 24
-1.5%
EPS (diluted)
AMGN
AMGN
RDHL
RDHL
Q4 25
$2.45
Q3 25
$5.93
Q2 25
$2.65
Q1 25
$3.20
Q4 24
$1.17
Q3 24
$5.22
Q2 24
$1.38
Q1 24
$-0.21

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AMGN
AMGN
RDHL
RDHL
Cash + ST InvestmentsLiquidity on hand
$9.1B
$27.0M
Total DebtLower is stronger
$54.6B
Stockholders' EquityBook value
$8.7B
$-11.9M
Total Assets
$90.6B
$168.0M
Debt / EquityLower = less leverage
6.31×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMGN
AMGN
RDHL
RDHL
Q4 25
$9.1B
Q3 25
$9.4B
Q2 25
$8.0B
Q1 25
$8.8B
Q4 24
$12.0B
Q3 24
$9.0B
Q2 24
$9.3B
Q1 24
$9.7B
Total Debt
AMGN
AMGN
RDHL
RDHL
Q4 25
$54.6B
Q3 25
$54.6B
Q2 25
$56.2B
Q1 25
$57.4B
Q4 24
$60.1B
Q3 24
$60.4B
Q2 24
$62.6B
Q1 24
$64.0B
Stockholders' Equity
AMGN
AMGN
RDHL
RDHL
Q4 25
$8.7B
Q3 25
$9.6B
Q2 25
$7.4B
Q1 25
$6.2B
Q4 24
$5.9B
Q3 24
$7.5B
Q2 24
$5.9B
Q1 24
$5.0B
Total Assets
AMGN
AMGN
RDHL
RDHL
Q4 25
$90.6B
Q3 25
$90.1B
Q2 25
$87.9B
Q1 25
$89.4B
Q4 24
$91.8B
Q3 24
$90.9B
Q2 24
$90.9B
Q1 24
$93.0B
Debt / Equity
AMGN
AMGN
RDHL
RDHL
Q4 25
6.31×
Q3 25
5.67×
Q2 25
7.57×
Q1 25
9.24×
Q4 24
10.23×
Q3 24
8.02×
Q2 24
10.57×
Q1 24
12.75×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AMGN
AMGN
RDHL
RDHL
Operating Cash FlowLast quarter
$1.6B
$-16.6M
Free Cash FlowOCF − Capex
$961.0M
FCF MarginFCF / Revenue
9.7%
Capex IntensityCapex / Revenue
6.5%
Cash ConversionOCF / Net Profit
1.20×
TTM Free Cash FlowTrailing 4 quarters
$8.1B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMGN
AMGN
RDHL
RDHL
Q4 25
$1.6B
Q3 25
$4.7B
Q2 25
$2.3B
Q1 25
$1.4B
Q4 24
$4.8B
Q3 24
$3.6B
Q2 24
$2.5B
Q1 24
$689.0M
Free Cash Flow
AMGN
AMGN
RDHL
RDHL
Q4 25
$961.0M
Q3 25
$4.2B
Q2 25
$1.9B
Q1 25
$980.0M
Q4 24
$4.4B
Q3 24
$3.3B
Q2 24
$2.2B
Q1 24
$459.0M
FCF Margin
AMGN
AMGN
RDHL
RDHL
Q4 25
9.7%
Q3 25
44.4%
Q2 25
20.8%
Q1 25
12.0%
Q4 24
48.4%
Q3 24
39.0%
Q2 24
26.5%
Q1 24
6.2%
Capex Intensity
AMGN
AMGN
RDHL
RDHL
Q4 25
6.5%
Q3 25
4.6%
Q2 25
4.0%
Q1 25
5.0%
Q4 24
4.1%
Q3 24
3.0%
Q2 24
2.8%
Q1 24
3.1%
Cash Conversion
AMGN
AMGN
RDHL
RDHL
Q4 25
1.20×
Q3 25
1.46×
Q2 25
1.59×
Q1 25
0.80×
Q4 24
7.61×
Q3 24
1.26×
Q2 24
3.30×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AMGN
AMGN

Products$9.4B95%
Xgeva$291.0M3%
Vectibix$163.0M2%
Aranesp$115.0M1%

RDHL
RDHL

Segment breakdown not available.

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