15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 49.8% per year over the past 5 years.
Operating margin has expanded, at 13.5% in the latest year.
Financial health
Total debt has grown faster than revenue (253.3% vs 49.8% per year).
Operating income covered interest expense 2.0× in the latest year.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$3.7B
$314M
81.8%
13.5%
$465M
—
$1.7B
2024
$2.2B
-$278M
86.4%
-7.9%
-$43M
—
$966M
2023
$1.8B
-$440M
85.3%
-15.4%
$42M
—
$813M
2022
$1.0B
-$1.1B
86.5%
-75.7%
-$613M
—
$866M
2021
$844M
-$853M
86.4%
-83.9%
-$718M
$676M
$820M
2020
$493M
-$858M
84.9%
-168.1%
-$685M
$191M
$497M
2019
$220M
-$886M
88.6%
-427.5%
-$419M
—
$547M
2018
$75M
-$761M
97.6%
-1087.6%
-$690M
—
$420M
2017
$90M
-$491M
100.0%
-556.2%
-$487M
—
$645M
2016
$47M
-$410M
0.0%
-900.3%
-$372M
—
$194M
2015
—
-$290M
—
—
—
—
$181M
2014
—
-$360M
—
—
—
—
$75M
2013
—
-$89M
—
—
-$73M
—
$53M
2012
—
-$106M
—
—
-$124M
—
$51M
2011
—
-$58M
—
—
-$88M
—
$70M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Dec '25
$1.1B
$186M
75.6%
12.0%
$140M
—
$1.7B
Sep '25
$1.2B
$251M
84.2%
29.5%
$313M
—
$1.5B
Jun '25
$774M
-$66M
81.6%
-2.1%
$139M
—
$1.1B
Mar '25
$594M
-$57M
88.2%
3.0%
-$127M
—
$1.0B
Dec '24
$593M
-$84M
82.7%
-17.7%
-$104M
—
$966M
Sep '24
$501M
-$112M
83.6%
-15.4%
$40M
—
$1.1B
Jun '24
$660M
-$17M
89.8%
7.4%
$116M
—
$968M
Mar '24
$494M
-$66M
89.0%
-8.8%
-$94M
—
$682M
Dec '23
$440M
-$138M
83.6%
-26.5%
-$45M
—
$813M
Sep '23
$751M
$148M
89.4%
28.5%
$342M
—
$1.0B
Jun '23
$319M
-$276M
76.4%
-72.1%
-$75M
—
$658M
Mar '23
$319M
-$174M
87.0%
-46.9%
-$180M
—
$672M
Dec '22
$335M
-$207M
86.2%
-56.3%
-$154M
—
$866M
Sep '22
$264M
-$406M
86.2%
-97.6%
-$132M
—
$1.1B
Jun '22
$225M
-$277M
84.9%
-85.3%
-$139M
$678M
$576M
Mar '22
$213M
-$240M
89.0%
-68.8%
-$189M
$677M
$534M
Dec '21
—
-$258M
—
—
-$172M
$676M
$820M
Sep '21
—
-$205M
—
—
-$160M
$434M
$1.1B
Jun '21
$221M
-$190M
86.3%
-66.3%
-$133M
$433M
$746M
Mar '21
$178M
-$200M
87.0%
-104.9%
-$253M
$192M
$380M
Valuation over time
How the market has priced ALNY against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has fallen from 168.1× (Dec '25) to 124.0× (Jun '26).
The price-to-sales ratio has fallen from 25.6× (Mar '23) to 10.5× (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is ALNY growing its revenue and profit?
Over the past 5 years, Alnylam Pharmaceuticals's revenue has grown 49.8% per year. These are computed facts, not advice.
How much debt does ALNY have?
As of FY2025, Alnylam Pharmaceuticals reported — of total debt against $1.7B of cash; operating income covered interest expense 2.0×.
What is ALNY's profit margin?
In FY2025, gross margin was 81.8%, operating margin 13.5%, and net margin 8.4%.
What is ALNY's P/E ratio?
As of Jun '26, Alnylam Pharmaceuticals traded at a price-to-earnings ratio of about 124.0× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.