MRNA logo Moderna +
Ticker
MRNA
REGN
Headquarter
Cambridge ,MA
US
Tarrytown ,NY
US
CEO
Stéphane Bancel
Leonard S. Schleifer
Industry
Biotechnology
Biotechnology
Stock Price
Stock Price
Market Cap
Market Cap
$15.85 B
$77.91 B
Employees
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Employees
  • 3.90 K
  • 5.60 K
  • 5.80 K
  • 11.85 K
  • 13.45 K
  • 15.11 K
Y/Y
44.44%
43.59%
3.57%
14.3%
13.49%
12.31%

Income Statement

Revenue
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Revenue
  • $18.88 B
  • $6.85 B
  • $3.20 B
  • $12.17 B
  • $13.12 B
  • $14.20 B
Y/Y
6.42%
63.72%
53.29%
24.26%
7.76%
8.27%
Revenue by Products / Services
Years
  • 2024
  • 2024
Revenue by Geography
Years
  • 2024
Research and Development
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Research and Development
  • $3.30 B
  • $4.85 B
  • $4.54 B
  • $3.06 B
  • $3.99 B
  • $5.23 B
Y/Y
65.49%
47.04%
6.23%
16.56%
30.45%
31.26%
Operating Income
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Operating Income
  • $9.42 B
  • -$4.24 B
  • -$3.95 B
  • $5.39 B
  • $4.35 B
  • $3.99 B
Y/Y
29.15%
145%
6.94%
39.8%
19.26%
8.23%
Tax Rate (%)
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Tax Rate (%)
  • 12.67%
  • -19.58%
  • 1.28%
  • 10.71%
  • 5.85%
  • 7.68%
Y/Y
55.4%
254.59%
106.51%
20.13%
45.37%
31.33%
Net Income
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Net Income
  • $8.36 B
  • -$4.71 B
  • -$3.56 B
  • $4.34 B
  • $3.95 B
  • $4.41 B
Y/Y
31.47%
156.37%
24.46%
46.28%
8.87%
11.61%
Revenue Per Employee
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Revenue Per Employee
  • $1.76 M
  • $571.25 K
  • -
  • $1.11 M
  • $1.06 M
  • -
Y/Y
74.88%
67.47%
100%
5.73%
4.6%
100%
Net Income Per Employee
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Net Income Per Employee
  • -$1.21 M
  • -$635.89 K
  • -
  • $333.61 K
  • $328.07 K
  • -
Y/Y
139.03%
47.39%
100%
20.27%
1.66%
100%

Assets & Liabilities | Cash Flow

Total Assets
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Total Assets
  • $25.86 B
  • $18.43 B
  • $14.14 B
  • $29.21 B
  • $33.08 B
  • $37.76 B
Y/Y
4.82%
28.74%
23.25%
14.86%
13.23%
14.15%
Total Liabilities
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Total Liabilities
  • $6.74 B
  • $4.57 B
  • $3.24 B
  • $6.55 B
  • $7.11 B
  • $8.41 B
Y/Y
36%
32.12%
29.11%
1.73%
8.5%
18.27%
Capital Expenditures (Capex)
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Capital Expenditures (Capex)
  • -$400.00 M
  • -$707.00 M
  • -$1.05 B
  • -$590.10 M
  • -$926.40 M
  • -$755.90 M
Y/Y
40.85%
76.75%
48.66%
6.92%
56.99%
18.4%

Profitability

Operating Income Margin (%)
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Operating Income Margin (%)
  • 49.91%
  • -61.90%
  • -123.32%
  • 44.24%
  • 33.15%
  • 28.10%
Y/Y
33.43%
224.03%
99.22%
20.52%
25.07%
15.24%
Net Income Margin (%)
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Net Income Margin (%)
  • 44.30%
  • -68.84%
  • -111.32%
  • 35.64%
  • 30.14%
  • 31.07%
Y/Y
35.61%
255.38%
61.71%
29.07%
15.43%
3.08%
EBITDA
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
EBITDA
  • $9.77 B
  • -$3.28 B
  • -$3.39 B
  • $5.26 B
  • $4.69 B
  • $5.32 B
Y/Y
27.79%
133.61%
3.38%
45.61%
10.77%
13.31%
Free Cash Flow (FCF)
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Free Cash Flow (FCF)
  • $4.58 B
  • -$3.83 B
  • -$4.06 B
  • $4.42 B
  • $3.67 B
  • $3.66 B
Y/Y
65.65%
183.5%
6.01%
32.23%
17.11%
0.08%

Ratios

Return on Equity (ROE)
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Return on Equity (ROE)
  • 43.73%
  • -34.03%
  • -32.67%
  • 19.14%
  • 15.22%
  • 15.03%
Y/Y
49.31%
177.81%
4%
55.51%
20.48%
1.24%
Return on Assets (ROA)
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Return on Assets (ROA)
  • 32.34%
  • -25.58%
  • -25.18%
  • 14.85%
  • 11.95%
  • 11.69%
Y/Y
34.62%
179.11%
1.58%
53.23%
19.52%
2.22%
Debt to Equity
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Debt to Equity
  • 6.28%
  • 8.97%
  • 6.85%
  • 11.92%
  • 10.41%
  • 9.21%
Y/Y
3.1%
42.98%
23.62%
17.13%
12.69%
11.47%

Valuation

Enterprise Value
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Enterprise value
  • $68.77 B
  • $36.33 B
  • $14.79 B
  • $76.87 B
  • $93.69 B
  • $77.31 B
Y/Y
28.68%
47.17%
59.29%
15.48%
21.88%
17.48%
Enterprise value to Revenue
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Enterprise value to Revenue
  • 3.64
  • 5.30
  • 4.62
  • 6.31
  • 7.14
  • 5.44
Y/Y
32.99%
45.6%
12.86%
52.46%
13.11%
23.78%
Enterprise value to EBITDA
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Enterprise value to EBITDA
  • 7.04
  • -11.06
  • -4.36
  • 14.61
  • 19.96
  • 14.54
Y/Y
1.23%
257.17%
60.63%
112.29%
36.59%
27.17%