NASDAQ : BNTX
BioNTech SE — Financial statements
Healthcare · Biotechnology · Germany
Last price 87.715 USD (Oct 30, 2026, 2:19 PM EDT) · Market cap 22.03B
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Financial statements
BioNTech SE (BNTX) reported revenue of 2.65B EUR (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in EUR.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 2.65B | 2.87B | 2.75B | 3.82B | 17.31B | 18.98B |
| Cost of Revenue | 619.50M | 611.30M | 541.30M | 599.80M | 3.00B | 2.91B |
| Gross Profit | 2.03B | 2.26B | 2.21B | 3.22B | 14.32B | 16.07B |
| Selling, General & Admin | 715.00M | 624.40M | 599.00M | 557.70M | 541.20M | 327.20M |
| Research & Development | 2.07B | 2.10B | 2.25B | 1.78B | 1.54B | 949.20M |
| Other Operating Expenses | 1.06B | 796.00M | 642.10M | -93.40M | 319.10M | -57.70M |
| Operating Expenses | 3.85B | 3.53B | 3.50B | 2.25B | 2.40B | 1.22B |
| Operating Income | -1.82B | -1.27B | -1.29B | 971.80M | 11.92B | 14.85B |
| Interest Expense | -14.30M | -14.20M | -16.90M | -7.50M | -18.90M | -27.30M |
| Interest & Investment Income | 244.80M | 262.60M | 437.60M | 330.90M | 1.50M | |
| Currency Exchange Gain (Loss) | -15.30M | -97.30M | 100.40M | -267.90M | 792.40M | 512.50M |
| Other Non Operating Income (Expenses) | 141.90M | 151.00M | 200.40M | 161.50M | 265.30M | -277.80M |
| EBT Excluding Unusual Items | -1.46B | -964.60M | -564.00M | 1.19B | 12.96B | 15.06B |
| Gain (Loss) on Sale of Investments | 9.30M | 3.10M | 26.70M | |||
| Asset Writedown | -134.30M | -30.50M | ||||
| Legal Settlements | -44.60M | -73.80M | -113.70M | -29.40M | -3.00M | -9.00M |
| Other Unusual Items | 15.00M | |||||
| Pretax Income | -1.63B | -1.05B | -677.70M | 1.19B | 12.95B | 15.05B |
| Income Tax Expense | 56.90M | 85.30M | -12.40M | 255.80M | 3.52B | 4.75B |
| Earnings From Continuing Operations | -1.69B | -1.14B | -665.30M | 930.30M | 9.43B | 10.29B |
| Net Income to Company | -1.14B | -665.30M | 930.30M | 9.43B | 10.29B | |
| Net Income | -1.69B | -1.14B | -665.30M | 930.30M | 9.43B | 10.29B |
| Net Income to Common | -1.69B | -1.14B | -665.30M | 930.30M | 9.43B | 10.29B |
| Shares Outstanding (Basic) | 247.88M | 241.70M | 240.40M | 240.60M | 243.30M | 244.00M |
| Shares Outstanding (Diluted) | 247.88M | 241.70M | 240.40M | 242.70M | 249.80M | 259.70M |
| EPS (Basic) | -6.80 | -4.70 | -2.77 | 3.87 | 38.78 | 42.18 |
| EPS (Diluted) | -6.80 | -4.70 | -2.77 | 3.83 | 37.77 | 39.63 |
| Free Cash Flow | 469.20M | 280.90M | -78.80M | 5.12B | 13.25B | 762.20M |
| Free Cash Flow Per Share | 1.89 | 1.16 | -0.33 | 21.10 | 53.03 | 2.94 |
| Gross Margin | 76.62% | 78.70% | 80.32% | 84.29% | 82.70% | 84.66% |
| Operating Margin | -68.57% | -44.14% | -46.73% | 25.45% | 68.85% | 78.23% |
| Profit Margin | -63.64% | -39.59% | -24.18% | 24.36% | 54.50% | 54.24% |
| Free Cash Flow Margin | 17.71% | 9.79% | -2.86% | 134.10% | 76.53% | 4.02% |
| EBITDA | -1.38B | -1.12B | -1.17B | 1.11B | 11.98B | 14.89B |
| EBITDA Margin | -52.11% | -39.17% | -42.69% | 29.07% | 69.22% | 78.48% |
| D&A For EBITDA | 436.20M | 142.60M | 111.00M | 138.20M | 64.50M | 46.20M |
| EBIT | -1.82B | -1.27B | -1.29B | 971.80M | 11.92B | 14.85B |
| EBIT Margin | -68.57% | -44.14% | -46.73% | 25.45% | 68.85% | 78.23% |
| Effective Tax Rate | 21.57% | 27.17% | 31.60% | |||
| Revenue as Reported | 18.98B |
Balance sheet
Fiscal year January - December; amounts in EUR.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 9.74B | 7.68B | 9.76B | 11.66B | 13.88B | 1.69B |
| Short-Term Investments | 3.72B | 6.07B | 6.08B | 4.89B | 189.40M | 381.60M |
| Cash & Short-Term Investments | 13.46B | 13.74B | 15.84B | 16.55B | 14.06B | 2.07B |
| Accounts Receivable | 174.30M | 932.30M | 1.47B | 2.16B | 7.15B | 12.38B |
| Other Receivables | 70.90M | 52.60M | 50.00M | 179.10M | 400.00K | 400.00K |
| Receivables | 245.20M | 984.90M | 1.52B | 2.34B | 7.15B | 12.38B |
| Inventory | 100.60M | 110.70M | 283.30M | 357.70M | 439.60M | 502.50M |
| Other Current Assets | 1.49B | 1.31B | 1.15B | 281.10M | 271.90M | 113.40M |
| Total Current Assets | 15.30B | 16.15B | 18.80B | 19.53B | 21.92B | 15.07B |
| Property, Plant & Equipment | 1.22B | 1.29B | 1.18B | 971.60M | 821.10M | 520.40M |
| Long-Term Investments | 1.85B | 2.45B | 1.21B | 1.18B | 80.20M | 21.30M |
| Goodwill | 373.30M | 367.90M | 380.60M | 362.50M | 61.20M | 57.80M |
| Other Intangible Assets | 1.42B | 1.61B | 790.40M | 781.70M | 145.40M | 136.80M |
| Long-Term Accounts Receivable | 2.00M | 9.80M | ||||
| Long-Term Deferred Tax Assets | 15.70M | 13.50M | 81.70M | 81.30M | 229.60M | |
| Other Long-Term Assets | 167.80M | 107.30M | 67.20M | 105.80M | 19.60M | 22.20M |
| Total Assets | 20.34B | 21.99B | 22.53B | 23.01B | 23.28B | 15.83B |
| Accounts Payable | 646.70M | 534.90M | 426.70M | 354.00M | 204.10M | 160.00M |
| Current Portion of Long-Term Debt | 10.80M | 7.20M | 102.00M | |||
| Current Portion of Leases | 46.40M | 45.00M | 39.50M | 28.10M | 36.00M | 27.90M |
| Current Income Taxes Payable | 21.20M | 65.60M | 4.50M | 525.50M | 595.90M | 1.57B |
| Current Unearned Revenue | 742.50M | 754.90M | 294.90M | 353.30M | 77.10M | 186.10M |
| Other Current Liabilities | 481.60M | 734.70M | 1.76B | 809.60M | 2.04B | 1.44B |
| Total Current Liabilities | 1.95B | 2.14B | 2.52B | 2.07B | 2.95B | 3.48B |
| Long-Term Debt | 102.10M | 29.90M | 2.40M | 2.10M | 17.90M | |
| Long-Term Leases | 156.80M | 185.30M | 214.70M | 188.60M | 174.10M | 153.70M |
| Long-Term Unearned Revenue | 87.60M | 88.00M | 183.00M | 398.50M | 48.40M | 9.00M |
| Long-Term Deferred Tax Liabilities | 33.30M | 84.30M | 42.40M | 39.70M | 6.20M | 66.70M |
| Other Long-Term Liabilities | 256.10M | 234.60M | 155.30M | 60.70M | 42.10M | 208.20M |
| Total Liabilities | 2.59B | 2.76B | 3.12B | 2.76B | 3.22B | 3.94B |
| Common Stock | 259.00M | 259.00M | 248.60M | 248.60M | 248.60M | 246.30M |
| Retained Earnings | 16.61B | 17.96B | 19.10B | 19.76B | 18.83B | 9.88B |
| Treasury Stock | -7.80M | -7.70M | -8.60M | -10.80M | -5.30M | -3.80M |
| Comprehensive Income & Other | 897.10M | 1.01B | 73.10M | 244.80M | 979.30M | 1.77B |
| Total Common Equity | 17.76B | 19.22B | 19.41B | 20.25B | 20.06B | 11.89B |
| Shareholders' Equity | 17.76B | 19.22B | 19.41B | 20.25B | 20.06B | 11.89B |
| Total Liabilities & Equity | 20.34B | 21.99B | 22.53B | 23.01B | 23.28B | 15.83B |
| Total Debt | 316.10M | 267.40M | 254.20M | 219.10M | 212.20M | 301.50M |
| Net Cash (Debt) | 13.15B | 13.47B | 15.59B | 16.33B | 13.85B | 1.77B |
| Net Cash Per Share | 53.04 | 55.74 | 64.85 | 67.28 | 55.45 | 6.83 |
| Filing Date Shares Outstanding | 251.20M | 239.97M | 239.97M | 237.73M | 240.99M | 242.52M |
| Total Common Shares Outstanding | 251.20M | 251.33M | 239.97M | 237.73M | 243.22M | 242.52M |
| Working Capital | 13.35B | 14.00B | 16.28B | 17.46B | 18.97B | 11.59B |
| Book Value Per Share | 70.69 | 76.49 | 80.89 | 85.16 | 82.46 | 49.04 |
| Tangible Book Value | 15.96B | 17.25B | 18.24B | 19.10B | 19.85B | 11.70B |
| Tangible Book Value Per Share | 63.54 | 68.64 | 76.01 | 80.35 | 81.61 | 48.24 |
| Land | 586.40M | 369.40M | 235.40M | 217.00M | 104.10M | |
| Machinery | 491.50M | 427.70M | 344.10M | 273.00M | 198.30M | |
| Construction In Progress | 478.50M | 460.60M | 389.50M | 235.50M | 94.30M |
Cash flow statement
Fiscal year January - December; amounts in EUR.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -1.69B | -1.14B | -665.30M | 930.30M | 9.43B | 10.29B |
| Depreciation & Amortization | 478.90M | 185.30M | 156.60M | 183.40M | 123.30M | 75.20M |
| Loss (Gain) From Sale of Assets | -3.10M | -2.50M | -300.00K | 3.80M | 600.00K | 4.60M |
| Asset Writedown & Restructuring Costs | 197.50M | 197.50M | 141.40M | |||
| Loss (Gain) From Sale of Investments | -10.40M | -10.40M | 4.60M | 175.50M | -241.00M | 57.30M |
| Stock-Based Compensation | 70.40M | 80.90M | -53.60M | -714.80M | 56.80M | 80.50M |
| Other Operating Activities | 527.50M | 603.50M | -596.30M | -781.60M | -315.20M | 1.11B |
| Change in Accounts Receivable | 1.77B | 1.08B | 387.70M | 5.37B | 4.37B | -11.81B |
| Change in Inventory | 131.50M | 177.90M | 74.50M | 81.90M | 62.90M | -438.40M |
| Change in Accounts Payable | -798.60M | -723.80M | 758.40M | 118.90M | 85.70M | 1.52B |
| Operating Cash Flow | 679.70M | 456.00M | 207.70M | 5.37B | 13.58B | 889.70M |
| Capital Expenditures | -210.50M | -175.10M | -286.50M | -250.10M | -329.20M | -127.50M |
| Sale of Property, Plant & Equipment | 8.50M | 4.50M | 1.20M | 600.00K | 3.40M | |
| Cash Acquisitions | 264.80M | 186.30M | -336.90M | -20.80M | ||
| Sale (Purchase) of Intangibles | -24.50M | -573.90M | -165.80M | -455.40M | -34.10M | -26.50M |
| Investment in Securities | -1.14B | -1.91B | -1.63B | -5.91B | 327.40M | -394.70M |
| Investing Cash Flow | -1.10B | -2.47B | -2.08B | -6.95B | -35.30M | -566.10M |
| Long-Term Debt Issued | 6.70M | 300.00K | 800.00K | |||
| Long-Term Debt Repaid | -57.60M | -45.90M | -40.40M | -59.90M | -66.70M | |
| Lease Payments | -43.90M | -39.60M | -43.60M | -40.30M | -41.10M | -14.10M |
| Net Debt Issued (Repaid) | 23.30M | -50.90M | -45.90M | -40.10M | -59.10M | -66.70M |
| Issuance of Common Stock | 110.50M | 163.60M | ||||
| Repurchase of Common Stock | -129.20M | -738.50M | -986.40M | |||
| Other Financing Activities | -2.00M | -2.00M | -2.70M | |||
| Financing Cash Flow | -107.90M | -52.90M | -45.90M | -778.60M | -1.42B | 94.20M |
| Foreign Exchange Rate Adjustments | -26.80M | -27.00M | 14.80M | -14.50M | 60.10M | 64.70M |
| Miscellaneous Cash Flow Adjustments | 26.90M | 5.90M | 2.80M | 164.80M | -500.00K | |
| Net Cash Flow | -528.50M | -2.09B | -1.90B | -2.21B | 12.18B | 482.50M |
| Free Cash Flow | 469.20M | 280.90M | -78.80M | 5.12B | 13.25B | 762.20M |
| Free Cash Flow Margin | 17.71% | 9.79% | -2.86% | 134.10% | 76.53% | 4.02% |
| Free Cash Flow Per Share | 1.89 | 1.16 | -0.33 | 21.10 | 53.03 | 2.94 |
| Levered Free Cash Flow | -249.56M | -1.10B | -548.20M | 4.14B | 12.01B | -646.60M |
| Unlevered Free Cash Flow | -240.62M | -1.09B | -537.64M | 4.14B | 12.02B | -629.54M |
| Free Cash Flow After Leases | 425.30M | 241.30M | -122.40M | 5.08B | 13.21B | 748.10M |
| Cash Interest Paid | 10.80M | 11.00M | 13.50M | 5.40M | 21.50M | 12.20M |
| Cash Income Tax Paid | 26.80M | -3.80M | 389.20M | 482.90M | 4.22B | 3.46B |
| Change in Working Capital | 1.11B | 537.80M | 1.22B | 5.57B | 4.52B | -10.73B |
Ratios
Fiscal year January - December; amounts in EUR.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 22.15B | 22.89B | 27.32B | 25.09B | 36.51B | 62.26B |
| Enterprise Value | 7.13B | 6.32B | 8.96B | 8.63B | 23.61B | 59.82B |
| Last Close Price | 88.17 | 95.20 | 113.95 | 105.54 | 150.22 | 255.33 |
| PE Ratio | 24.40 | 3.62 | 5.32 | |||
| Forward PE | 100.62 | 100.62 | 67.81 | 8.27 | 8.07 | |
| PS Ratio | 7.32 | 6.79 | 9.59 | 5.94 | 1.97 | 2.88 |
| PB Ratio | 1.09 | 1.01 | 1.36 | 1.12 | 1.70 | 4.60 |
| P/TBV Ratio | 1.21 | 1.13 | 1.45 | 1.19 | 1.72 | 4.68 |
| P/FCF Ratio | 42.21 | 69.41 | 4.43 | 2.58 | 71.83 | |
| P/OCF Ratio | 29.14 | 42.76 | 127.04 | 4.23 | 2.52 | 61.54 |
| PEG Ratio | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | |
| EV/Sales Ratio | 2.35 | 1.88 | 3.15 | 2.04 | 1.28 | 2.77 |
| EV/EBITDA Ratio | 7.04 | 1.84 | 3.53 | |||
| EV/EBIT Ratio | 8.04 | 1.85 | 3.54 | |||
| EV/FCF Ratio | 13.58 | 19.16 | 1.52 | 1.67 | 69.01 | |
| Debt / Equity Ratio | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.03 |
| Debt / EBITDA Ratio | 0.19 | 0.02 | 0.02 | |||
| Debt / FCF Ratio | 0.67 | 0.95 | 0.04 | 0.02 | 0.40 | |
| Net Debt / Equity Ratio | -0.74 | -0.70 | -0.80 | -0.81 | -0.69 | -0.15 |
| Net Debt / EBITDA Ratio | 9.52 | 11.99 | 13.27 | -14.71 | -1.16 | -0.12 |
| Net Debt / FCF Ratio | -28.02 | -47.96 | 197.84 | -3.19 | -1.05 | -2.33 |
| Asset Turnover | 0.13 | 0.13 | 0.12 | 0.17 | 0.89 | 2.09 |
| Inventory Turnover | 3.74 | 3.10 | 1.69 | 1.50 | 6.36 | 10.28 |
| Quick Ratio | 7.03 | 6.87 | 6.88 | 9.12 | 7.19 | 4.15 |
| Current Ratio | 7.85 | 7.54 | 7.45 | 9.43 | 7.43 | 4.33 |
| Return on Equity (ROE) | -9.30% | -5.88% | -3.36% | 4.62% | 59.06% | 155.18% |
| Return on Assets (ROA) | -5.41% | -3.56% | -3.53% | 2.62% | 38.09% | 102.25% |
| Return on Invested Capital (ROIC) | -36.69% | -26.47% | -33.23% | 15.06% | 106.34% | 195.58% |
| Return on Capital Employed (ROCE) | -9.90% | -6.40% | -6.40% | 4.60% | 58.60% | 120.20% |
| Earnings Yield | -8.82% | -5.83% | -2.52% | 4.10% | 27.62% | 18.80% |
| FCF Yield | 2.37% | 1.44% | -0.30% | 22.56% | 38.78% | 1.39% |
| Buyback Yield / Dilution | -3.00% | -0.54% | 0.95% | 2.84% | 3.81% | -4.51% |