NYSE : EBS
Emergent BioSolutions Inc. — Financial statements
Healthcare · Drug Manufacturers - Specialty & Generic · United States
Last price 6.81 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 349.17M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Emergent BioSolutions Inc. (EBS) reported revenue of 770.20M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 770.20M | 742.90M | 1.04B | 1.05B | 1.12B | 1.77B |
| Cost of Revenue | 381.70M | 375.60M | 732.00M | 795.10M | 827.40M | 980.40M |
| Gross Profit | 388.50M | 367.30M | 311.60M | 254.20M | 290.10M | 793.20M |
| Selling, General & Admin | 181.70M | 186.60M | 298.70M | 356.70M | 339.50M | 348.70M |
| Amortization of Goodwill & Intangibles | 66.30M | 65.10M | 65.10M | 65.60M | 59.90M | 58.50M |
| Operating Expenses | 248.00M | 251.70M | 363.80M | 422.30M | 399.40M | 407.20M |
| Operating Income | 140.50M | 115.60M | -52.20M | -168.10M | -109.30M | 386.00M |
| Interest Expense | -50.90M | -59.30M | -71.00M | -87.90M | -37.30M | -34.50M |
| Other Non Operating Income (Expenses) | 58.80M | 54.20M | 11.90M | 6.40M | -11.70M | -3.70M |
| EBT Excluding Unusual Items | 148.40M | 110.50M | -111.30M | -249.60M | -158.30M | 347.80M |
| Merger & Restructuring Charges | -193.10M | -3.30M | -55.90M | -33.20M | -51.40M | |
| Impairment of Goodwill | -218.20M | -6.70M | -41.70M | |||
| Gain (Loss) on Sale of Assets | -6.40M | 24.30M | 74.20M | |||
| Asset Writedown | -12.20M | -12.20M | -306.70M | |||
| Other Unusual Items | -82.70M | -12.20M | 2.30M | -2.60M | -2.90M | |
| Pretax Income | -146.00M | 82.80M | -142.90M | -731.20M | -219.00M | 303.20M |
| Income Tax Expense | 30.80M | 30.20M | 47.70M | 29.30M | -7.40M | 83.70M |
| Earnings From Continuing Operations | -176.80M | 52.60M | -190.60M | -760.50M | -211.60M | 219.50M |
| Net Income | -176.80M | 52.60M | -190.60M | -760.50M | -211.60M | 219.50M |
| Net Income to Common | -176.80M | 52.60M | -190.60M | -760.50M | -211.60M | 219.50M |
| Shares Outstanding (Basic) | 52.20M | 53.50M | 53.00M | 51.20M | 50.10M | 53.50M |
| Shares Outstanding (Diluted) | 52.20M | 56.70M | 53.00M | 51.20M | 50.10M | 54.10M |
| EPS (Basic) | -3.39 | 0.98 | -3.60 | -14.85 | -4.22 | 4.10 |
| EPS (Diluted) | -3.39 | 0.93 | -3.60 | -14.85 | -4.22 | 4.06 |
| Free Cash Flow | 85.90M | 156.80M | 35.80M | -257.90M | -149.90M | 96.10M |
| Free Cash Flow Per Share | 1.65 | 2.77 | 0.68 | -5.04 | -2.99 | 1.78 |
| Gross Margin | 50.44% | 49.44% | 29.86% | 24.23% | 25.96% | 44.72% |
| Operating Margin | 18.24% | 15.56% | -5.00% | -16.02% | -9.78% | 21.76% |
| Profit Margin | -22.96% | 7.08% | -18.26% | -72.48% | -18.93% | 12.38% |
| Free Cash Flow Margin | 11.15% | 21.11% | 3.43% | -24.58% | -13.41% | 5.42% |
| EBITDA | 234.90M | 211.40M | 56.60M | -43.00M | 15.70M | 504.20M |
| EBITDA Margin | 30.50% | 28.46% | 5.42% | -4.10% | 1.41% | 28.43% |
| D&A For EBITDA | 94.40M | 95.80M | 108.80M | 125.10M | 125.00M | 118.20M |
| EBIT | 140.50M | 115.60M | -52.20M | -168.10M | -109.30M | 386.00M |
| EBIT Margin | 18.24% | 15.56% | -5.00% | -16.02% | -9.78% | 21.76% |
| Effective Tax Rate | 36.47% | 27.61% | ||||
| Revenue as Reported | 770.20M | 742.90M | 1.04B | 1.05B | 1.12B | 1.77B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 139.70M | 205.40M | 99.50M | 111.70M | 642.60M | 576.10M |
| Trading Asset Securities | 8.50M | |||||
| Cash & Short-Term Investments | 139.70M | 205.40M | 99.50M | 111.70M | 651.10M | 576.10M |
| Accounts Receivable | 190.00M | 84.20M | 154.50M | 191.00M | 159.20M | 278.90M |
| Receivables | 190.00M | 84.20M | 154.50M | 191.00M | 159.20M | 278.90M |
| Inventory | 303.60M | 343.40M | 311.70M | 328.90M | 350.70M | 344.50M |
| Prepaid Expenses | 25.40M | 25.80M | 26.90M | 47.90M | 49.40M | 68.20M |
| Restricted Cash | 1.20M | 3.70M | 6.10M | 200.00K | ||
| Other Current Assets | 6.10M | 2.00M | ||||
| Total Current Assets | 666.00M | 662.50M | 598.70M | 679.50M | 1.21B | 1.27B |
| Property, Plant & Equipment | 183.80M | 216.00M | 282.30M | 399.00M | 837.00M | 828.40M |
| Goodwill | 218.20M | 224.90M | ||||
| Other Intangible Assets | 261.80M | 436.50M | 501.50M | 566.60M | 728.80M | 604.60M |
| Long-Term Deferred Charges | 1.60M | |||||
| Other Long-Term Assets | 5.20M | 3.60M | 7.20M | 178.10M | 171.90M | 28.30M |
| Total Assets | 1.12B | 1.32B | 1.39B | 1.82B | 3.17B | 2.96B |
| Accounts Payable | 50.20M | 55.60M | 60.90M | 112.20M | 103.50M | 128.90M |
| Accrued Expenses | 43.30M | 54.00M | 73.80M | 92.70M | 122.20M | 140.40M |
| Current Portion of Long-Term Debt | 413.70M | 957.30M | 36.10M | |||
| Current Portion of Leases | 1.50M | 2.40M | 2.70M | 3.50M | 5.80M | 5.80M |
| Current Income Taxes Payable | 4.40M | 6.80M | 5.80M | |||
| Current Unearned Revenue | 15.00M | 5.00M | 4.80M | 27.20M | 26.40M | 11.70M |
| Other Current Liabilities | 8.40M | 8.40M | 14.40M | 2.00M | 13.70M | 51.10M |
| Total Current Liabilities | 122.80M | 132.20M | 162.40M | 651.30M | 1.23B | 374.00M |
| Long-Term Debt | 581.80M | 572.10M | 663.70M | 446.50M | 448.50M | 811.00M |
| Long-Term Leases | 4.90M | 9.20M | 9.70M | 13.80M | 14.80M | 24.20M |
| Long-Term Deferred Tax Liabilities | 35.40M | 37.80M | 41.70M | 47.20M | 59.70M | 93.30M |
| Other Long-Term Liabilities | 30.50M | 44.70M | 29.40M | 15.10M | 26.70M | 43.70M |
| Total Liabilities | 775.40M | 796.00M | 906.90M | 1.17B | 1.78B | 1.35B |
| Common Stock | 100.00K | 100.00K | 100.00K | 100.00K | 100.00K | 100.00K |
| Additional Paid-In Capital | 951.80M | 942.40M | 928.00M | 904.40M | 873.50M | 829.40M |
| Retained Earnings | -333.20M | -159.80M | -212.40M | -21.80M | 738.70M | 950.30M |
| Treasury Stock | -270.50M | -252.60M | -227.70M | -227.70M | -227.70M | -152.20M |
| Comprehensive Income & Other | -6.80M | -7.50M | -5.20M | -5.70M | 3.10M | -16.10M |
| Shareholders' Equity | 341.40M | 522.60M | 482.80M | 649.30M | 1.39B | 1.61B |
| Total Liabilities & Equity | 1.12B | 1.32B | 1.39B | 1.82B | 3.17B | 2.96B |
| Total Debt | 588.20M | 583.70M | 676.10M | 877.50M | 1.43B | 877.10M |
| Net Cash (Debt) | -448.50M | -378.30M | -576.60M | -765.80M | -775.30M | -301.00M |
| Net Cash Per Share | -8.59 | -6.67 | -10.88 | -14.96 | -15.48 | -5.56 |
| Filing Date Shares Outstanding | 51.27M | 51.77M | 54.34M | 52.20M | 50.14M | 50.50M |
| Total Common Shares Outstanding | 51.30M | 52.13M | 54.33M | 52.20M | 50.10M | 51.30M |
| Working Capital | 543.20M | 530.30M | 436.30M | 28.20M | -18.50M | 895.90M |
| Book Value Per Share | 6.65 | 10.02 | 8.89 | 12.44 | 27.70 | 31.41 |
| Tangible Book Value | 79.60M | 86.10M | -18.70M | 82.70M | 440.70M | 782.00M |
| Tangible Book Value Per Share | 1.55 | 1.65 | -0.34 | 1.58 | 8.80 | 15.24 |
| Land | 16.50M | 20.70M | 25.80M | 30.00M | 54.90M | 52.10M |
| Buildings | 140.30M | 160.50M | 196.10M | 229.90M | 327.90M | 269.70M |
| Machinery | 249.60M | 259.80M | 368.30M | 433.60M | 567.50M | 513.50M |
| Construction In Progress | 6.70M | 6.60M | 10.30M | 36.70M | 185.50M | 223.20M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -176.80M | 52.60M | -190.60M | -760.50M | -211.60M | 219.50M |
| Depreciation & Amortization | 96.90M | 98.30M | 112.00M | 129.10M | 130.60M | 123.80M |
| Other Amortization | 8.50M | 9.80M | 7.40M | 21.30M | 4.10M | 4.10M |
| Loss (Gain) From Sale of Assets | 3.70M | 4.50M | -3.50M | -53.10M | 3.60M | |
| Asset Writedown & Restructuring Costs | 203.50M | 12.20M | 27.20M | 524.90M | 19.40M | 41.70M |
| Stock-Based Compensation | 18.90M | 16.20M | 18.00M | 23.10M | 45.10M | 42.40M |
| Other Operating Activities | 18.90M | -600.00K | -500.00K | -20.80M | -23.20M | 33.70M |
| Change in Accounts Receivable | -127.40M | 25.50M | -24.40M | -21.60M | 118.10M | -16.20M |
| Change in Inventory | 36.40M | -30.30M | -24.50M | 600.00K | -57.10M | -66.60M |
| Change in Accounts Payable | 3.00M | -8.40M | -33.00M | 10.60M | -14.00M | -1.60M |
| Change in Unearned Revenue | 11.80M | 5.20M | -20.30M | 5.90M | 9.60M | -31.80M |
| Change in Income Taxes | 4.20M | -1.70M | 23.30M | -16.20M | 28.70M | -31.30M |
| Change in Other Net Operating Assets | -3.90M | -12.70M | 167.60M | -49.60M | -87.40M | 2.50M |
| Operating Cash Flow | 97.70M | 170.60M | 58.70M | -206.30M | -34.10M | 320.20M |
| Capital Expenditures | -11.80M | -13.80M | -22.90M | -51.60M | -115.80M | -224.10M |
| Sale of Property, Plant & Equipment | 200.00K | 38.20M | 7.90M | |||
| Divestitures | 110.20M | 270.20M | ||||
| Sale (Purchase) of Intangibles | -50.40M | 50.00M | 30.00M | -6.30M | -243.70M | |
| Other Investing Activities | -5.00M | -21.80M | ||||
| Investing Cash Flow | -62.00M | 69.40M | 125.20M | 212.30M | -381.30M | -224.10M |
| Long-Term Debt Issued | 284.00M | 20.00M | 598.00M | |||
| Long-Term Debt Repaid | -112.50M | -482.40M | -563.40M | -33.80M | -35.90M | |
| Total Debt Repaid | -262.50M | -112.50M | -482.40M | -563.40M | -33.80M | -35.90M |
| Net Debt Issued (Repaid) | -117.00M | -112.50M | -198.40M | -543.40M | 564.20M | -35.90M |
| Issuance of Common Stock | 2.80M | 2.20M | 10.80M | 10.20M | 5.00M | 15.90M |
| Repurchase of Common Stock | -39.90M | -26.30M | -1.20M | -2.50M | -88.00M | -119.80M |
| Other Financing Activities | -11.50M | -1.20M | -1.20M | |||
| Financing Cash Flow | -165.60M | -136.60M | -190.00M | -535.70M | 481.20M | -141.00M |
| Foreign Exchange Rate Adjustments | -200.00K | 100.00K | -1.20M | 500.00K | -300.00K | |
| Net Cash Flow | -130.10M | 103.50M | -6.10M | -530.90M | 66.30M | -45.20M |
| Free Cash Flow | 85.90M | 156.80M | 35.80M | -257.90M | -149.90M | 96.10M |
| Free Cash Flow Margin | 11.15% | 21.11% | 3.43% | -24.58% | -13.41% | 5.42% |
| Free Cash Flow Per Share | 1.65 | 2.77 | 0.68 | -5.04 | -2.99 | 1.78 |
| Levered Free Cash Flow | 40.00M | 207.89M | 61.70M | -84.60M | -203.12M | 39.19M |
| Unlevered Free Cash Flow | 63.31M | 235.15M | 98.67M | -50.96M | -183.91M | 56.65M |
| Cash Interest Paid | 41.50M | 49.70M | 64.00M | 68.30M | 33.00M | 30.40M |
| Cash Income Tax Paid | 33.00M | 40.00M | 26.50M | 52.80M | 6.20M | 71.60M |
| Change in Working Capital | -75.90M | -22.40M | 88.70M | -70.30M | -2.10M | -145.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 339.43M | 649.15M | 518.00M | 124.52M | 589.18M | 2.34B |
| Enterprise Value | 787.93M | 1.07B | 1.04B | 916.62M | 1.41B | 2.82B |
| Last Close Price | 6.81 | 12.36 | 9.56 | 2.40 | 11.81 | 43.47 |
| PE Ratio | 12.34 | 10.65 | ||||
| Forward PE | 4.16 | 12.57 | 20.50 | 51.15 | 7.18 | |
| PS Ratio | 0.44 | 0.87 | 0.50 | 0.12 | 0.53 | 1.32 |
| PB Ratio | 1.02 | 1.24 | 1.07 | 0.19 | 0.42 | 1.45 |
| P/TBV Ratio | 4.30 | 7.54 | 1.51 | 1.34 | 2.99 | |
| P/FCF Ratio | 3.99 | 4.14 | 14.47 | 24.34 | ||
| P/OCF Ratio | 3.51 | 3.81 | 8.82 | 7.30 | ||
| PEG Ratio | 13.20 | 13.20 | 13.20 | 11.76 | 0.21 | |
| EV/Sales Ratio | 1.03 | 1.45 | 1.00 | 0.87 | 1.26 | 1.59 |
| EV/EBITDA Ratio | 3.37 | 5.08 | 18.45 | 90.08 | 5.60 | |
| EV/EBIT Ratio | 5.63 | 9.30 | 7.32 | |||
| EV/FCF Ratio | 9.21 | 6.85 | 29.16 | 29.39 | ||
| Debt / Equity Ratio | 1.72 | 1.12 | 1.40 | 1.35 | 1.03 | 0.54 |
| Debt / EBITDA Ratio | 2.50 | 2.76 | 11.95 | 90.85 | 1.72 | |
| Debt / FCF Ratio | 6.85 | 3.72 | 18.89 | 9.13 | ||
| Net Debt / Equity Ratio | 1.31 | 0.72 | 1.19 | 1.18 | 0.56 | 0.19 |
| Net Debt / EBITDA Ratio | 1.91 | 1.79 | 10.19 | -17.81 | 49.38 | 0.60 |
| Net Debt / FCF Ratio | 5.22 | 2.41 | 16.11 | -2.97 | -5.17 | 3.13 |
| Asset Turnover | 0.61 | 0.55 | 0.65 | 0.42 | 0.36 | 0.61 |
| Inventory Turnover | 1.19 | 1.15 | 2.29 | 2.34 | 2.38 | 3.01 |
| Quick Ratio | 2.69 | 2.19 | 1.56 | 0.47 | 0.66 | 2.29 |
| Current Ratio | 5.42 | 5.01 | 3.69 | 1.04 | 0.98 | 3.40 |
| Return on Equity (ROE) | -40.29% | 10.46% | -33.67% | -74.67% | -14.11% | 14.35% |
| Return on Assets (ROA) | 6.93% | 5.33% | -2.03% | -4.21% | -2.23% | 8.26% |
| Return on Invested Capital (ROIC) | 16.18% | 7.49% | -4.22% | -9.40% | -5.36% | 15.27% |
| Return on Capital Employed (ROCE) | 14.10% | 9.70% | -4.30% | -14.30% | -5.60% | 14.90% |
| Earnings Yield | -51.16% | 8.10% | -36.80% | -610.73% | -35.91% | 9.39% |
| FCF Yield | 25.08% | 24.15% | 6.91% | -207.11% | -25.44% | 4.11% |
| Buyback Yield / Dilution | 5.35% | -6.98% | -3.52% | -2.20% | 7.39% | -0.56% |