Bristol-Myers Squibb Company (BMY) Stock

Bristol-Myers Squibb Company (BMY) is a Healthcare stock trading at $60.45 (as of 2026-07-17), with a market capitalization of $123.44B and a trailing P/E of 17.0. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Bristol-Myers Squibb Company develops, licenses, manufactures, and markets biopharmaceutical products worldwide. Its portfolio covers areas such as hematology, oncology, cardiovascular, immunology, fibrotic, neuroscience, and COVID-19, and includes therapies including Revlimid, Eliquis, Opdivo, Pomalyst/Imnovid, and Orencia.

Understand Bristol-Myers Squibb Company: how it makes money

Bristol-Myers Squibb (BMY) discovers, develops, licenses, manufactures, and markets biopharmaceutical drugs worldwide, making money primarily from sales of branded therapies such as Eliquis, Revlimid, and Opdivo across multiple therapeutic areas.

BMY's profit power is structurally driven by the size and durability of a concentrated portfolio of marketed branded biopharmaceuticals, especially Eliquis and Revlimid, because the company's reported operating performance is tied to sales across its in-line and new product portfolio.

Revenue by segment (latest quarter)
Eliquis$4.1B
Revlimid$1.7B
Yervoy$0.8B
Sotyktu$0.8B
Orencia$0.8B
Opdualag$0.6B
Reblozyl$0.6B
Breyanzi$0.4B
Camzyos$0.4B
Zeposia$0.2B
Cobenfy$0.1B
Other (residual)$1.2B

Business quality (Solid): The business is built around commercial branded drug sales, and the latest quarter data shows meaningful revenue contribution from large franchises plus a broader in-line and new product portfolio, but performance is naturally sensitive to how those marketed products trend over time.

Valuation: At 16× earnings, BMY trades in line with the Pharmaceutical Products average (17×). Note: one-time items can distort reported P/E.

Bull case

  • Large branded franchise base: Eliquis global net sales are 4.137B and Revlimid net sales are 1.669B, giving the company a sizable foundation from established products.
  • Broad portfolio spanning multiple areas: BMY markets products across hematology, oncology, cardiovascular, immunology, fibrotic, neuroscience, and covid-19 diseases, and reports strong scale in both new and in-line products (In-Line and New Product Portfolio revenues, 9.8B) and its legacy portfolio (Legacy Portfolio revenues, 5.3B).

Bear case

  • Concentration risk in top products: With Eliquis (4.137B) and Revlimid (1.669B) dominating the product mix, adverse changes in those franchises can have an outsized impact on total results.
  • Portfolio mix complexity: BMY has multiple marketed products across different therapeutic areas (for example, Eliquis, Revlimid, Yervoy, Sotyktu, Orencia, Opdualag, Reblozyl), which can make performance depend on which products are growing versus declining.
Valuation — source: SEC EDGAR (first-party)
Price$60.45
Market Cap$123.44B
P/E Ratio17.0
EV / EBITDA12.0
Price / Book6.14
Price / Sales2.55
FCF Yield9.6%
DCF Value (model)$21.57
DCF Upside vs Price-64.3%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$48.19B
Net Margin14.6%
Revenue Growth (YoY)2.6%
EPS Growth (YoY)8.3%
FCF Growth (YoY)-55.3%
Financial Health — source: SEC EDGAR
Altman Z-Score2.25 (grey)
Piotroski F-Score8/9 (strong)
Valuation vs Sector & Industry
Stock P/E17.0
Sector P/E (Healthcare)21.4
Industry P/E (Pharmaceutical Products)17.0
vs Sector-20.8%
vs Industry0.0%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($10.72B)
Institutional Holders Tracked10
Congressional Trades (recent)10
Company
SectorHealthcare
IndustryPharmaceutical Products
CEOChristopher S. Boerner
Employees34,100
CountryUS
IPO Date1972-06-01

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BMY earnings history · BMY institutional & insider holders · BMY KPIs & operating metrics · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-07-17.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.