Fundamentals · 2026-09-09S&P 500ANNUAL BASIS

Regeneron Pharmaceuticals

REGN stock analysis · Health Care · Biotechnology

FY 2025-12-31ANNUAL FILINGSMULTIPLE SHARE CLASSES
Compare ⇄
These are research estimates based on annual filings. Valuation uses a cash-flow proxy and explicit assumptions; prices are not live. Published valuations use annual periods first filed by the price date, with later restatements retained. Issuer-level values span share classes. Reviewed equivalent shares are used when available; the price panel explains the capital basis.
Reference share price · USD
$623.54HISTORICAL SNAPSHOT

As of · fund-implied per-share value

Fund holding value ÷ shares held. Not a live quote; not adjusted for later stock splits.

View SEC fund filing ↗
Estimated issuer market cap
$64.5B

Reviewed economically equivalent common shares; unlisted/other class priced at the displayed class price (proxy). Shares measured 2026-06-30. Approximate; share and price dates can differ. Jun30 balance sheet common138.0m issued less36.4m treasury=101.6m outstanding; Class A1.8m expressly issued/outstanding. Reject roll-forward SharesOutstanding138.0m as issued before treasury.2025 annual says A converts share-for-share and rights/privileges identical except votes. Counts retain rounded precision.

View share-count filing ↗ · Share-class review ↗
Valuation

DCF value

$599.39

Equity cash-flow scenario · Reviewed issuer-equivalent shares at 2026-06-30 · -3.9% versus input cap

How this is calculated ↗
Valuation

Reverse DCF

5.9%

Annual basis · read assumptions below

How this is calculated ↗
Valuation

Relative valuation

74.9%

6 industry peers · median 25.0×

How this is calculated ↗
Valuation

Historical multiples

Requires three annual historical market caps and eligible filed earnings.

Requires three annual historical market caps and eligible filed earnings.

How this is calculated ↗
Valuation

Free cash flow yield

6.3%

Annual basis · read assumptions below

How this is calculated ↗
Quality

ROIC / quality

Requires two adjacent years of positive average capital, equity, cash, debt and operating income.

Requires two adjacent years of positive average capital, equity, cash, debt and operating income.

How this is calculated ↗
Valuation

Value composite

82/100

Annual basis · read assumptions below

How this is calculated ↗
Momentum

12–1 price momentum

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

How this is calculated ↗
Investment

Asset growth

7.4%

Annual basis · read assumptions below

How this is calculated ↗
Investment

Net payout yield

4.9%

Annual basis · read assumptions below

How this is calculated ↗
Quality

Accrual quality

-1.2%

Parent-earnings fallback versus consolidated cash flow · scope limitation

How this is calculated ↗
Momentum

Fundamental momentum

0.5%

Annual basis · read assumptions below

How this is calculated ↗

Follow the cash

ANNUAL · USD

Operating cash flow and reinvestment over time

USD · bar maximum 7.1B2020-12-31: cfo $2,618,100,000.002020-12-31: capex $614,600,000.0020202021-12-31: cfo $7,081,300,000.002021-12-31: capex $551,900,000.0020212022-12-31: cfo $5,014,900,000.002022-12-31: capex $590,100,000.0020222023-12-31: cfo $4,594,000,000.002023-12-31: capex $718,600,000.0020232024-12-31: cfo $4,420,500,000.002024-12-31: capex $755,900,000.0020242025-12-31: cfo $4,978,900,000.002025-12-31: capex $898,400,000.002025
Operating cash flowCapital expenditure

Annual USD. Negative bars use a compressed lower scale. Hover or inspect the financial history table for exact values.

Make the assumptions yours

Personal inputs stay in this browser. Blank fields retain published inputs. Five-year forecast; zero net borrowing. Required return must exceed terminal growth.

How sensitive is the valuation?

DCF per-share sensitivity · includes reviewed preferred and minority-owner claims · rows: required return · columns: growth
Return / Growth3.0%5.0%7.0%
8.0%$751.80$820.29$893.93
10.0%$550.91$599.39$651.44
12.0%$434.63$471.62$511.27

Annual financial history

Open SEC filings ↗
Fiscal year-endRevenueNet incomeOperating cash flowCapital expenditureAssets
2025-12-3114.3B4.5B5B898.4M40.6B
2024-12-3114.2B4.4B4.4B755.9M37.8B
2023-12-3113.1B4B4.6B718.6M33.1B
2022-12-3112.2B4.3B5B590.1M29.2B
2021-12-3116.1B8.1B7.1B551.9M25.4B
2020-12-318.5B3.5B2.6B614.6M17.2B
2019-12-316.6B2.1B2.4B429.6M14.8B
2018-12-315.1B2.4B2.2B383.1M11.7B

USD, abbreviated. Restated annual history; not a point-in-time backtest. Missing values appear as dashes.

Trace the inputs

MODEL ANNUAL PERIOD
InputValueSEC tag / sourceFiled
revenue14.3BRevenueFromContractWithCustomerExcludingAssessedTax2026-02-04
netIncome4.5BNetIncomeLoss
Parent-attributable fallback: a verified consolidated total is unavailable in the supported tags. Noncontrolling interests have not been assumed to be zero; this may differ in scope from consolidated cash flow or operating income.
2026-02-04
Parent/common earnings proxy4.5BNetIncomeLoss2026-02-04
cfo5BNetCashProvidedByUsedInOperatingActivities2026-02-04
capex898.4MPaymentsToAcquireProductiveAssets2026-02-04
operatingIncome3.6BOperatingIncomeLoss2026-02-04
assets40.6BAssets2026-02-04
equity31.3BStockholdersEquity
Parent-attributable fallback: a verified consolidated total is unavailable in the supported tags. Noncontrolling interests have not been assumed to be zero; this may differ in scope from consolidated cash flow or operating income.
2026-02-04
Parent book equity proxy31.3BStockholdersEquity2026-02-04
debtNot reported under a supported tag
shortDebtNot reported under a supported tag
cash3.1BCashAndCashEquivalentsAtCarryingValue2026-02-04
shares108.6MWeightedAverageNumberOfDilutedSharesOutstanding2026-02-04
dividends370.3MPaymentsOfDividends2026-02-04
buybacks3.4BPaymentsForRepurchaseOfCommonStock2026-02-04
issuance635.9MProceedsFromIssuanceOfCommonStock2026-02-04