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
Return on equity & assets (ROE / ROA)
ROEROA
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
ROE
ROA
FCF
Total debt
Cash
2025
$3.7B
$314M
81.8%
13.5%
39.8%
6.3%
$465M
—
$1.7B
2024
$2.2B
-$278M
86.4%
-7.9%
-414.6%
-6.6%
-$43M
—
$966M
2023
$1.8B
-$440M
85.3%
-15.4%
199.5%
-11.5%
$42M
—
$813M
2022
$1.0B
-$1.1B
86.5%
-75.7%
714.9%
-31.9%
-$613M
—
$866M
2021
$844M
-$853M
86.4%
-83.9%
-145.0%
-23.4%
-$718M
$676M
$820M
2020
$493M
-$858M
84.9%
-168.1%
-84.5%
-25.2%
-$685M
$191M
$497M
2019
$220M
-$886M
88.6%
-427.5%
-61.6%
-37.0%
-$419M
—
$547M
2018
$75M
-$761M
97.6%
-1087.6%
-58.5%
-48.4%
-$690M
—
$420M
2017
$90M
-$491M
100.0%
-556.2%
-27.8%
-24.6%
-$487M
—
$645M
2016
$47M
-$410M
0.0%
-900.3%
-44.6%
-32.5%
-$372M
—
$194M
2015
—
-$290M
—
—
-22.9%
-20.9%
—
—
$181M
2014
—
-$360M
—
—
-38.5%
-33.4%
—
—
$75M
2013
—
-$89M
—
—
-33.0%
-21.2%
-$73M
—
$53M
2012
—
-$106M
—
—
-79.1%
-36.9%
-$124M
—
$51M
2011
—
-$58M
—
—
-48.9%
-20.4%
-$88M
—
$70M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
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
ROE
ROA
FCF
Total debt
Cash
Sep '26
$1.5B
$2.2B
75.2%
23.7%
60.1%
27.1%
$271M
—
$1.8B
Jun '26
$1.3B
$164M
76.9%
17.9%
12.1%
3.0%
—
—
$1.7B
Mar '26
—
$206M
—
—
19.2%
—
—
—
—
Dec '25
$1.1B
$186M
75.6%
12.0%
23.6%
3.8%
$140M
—
$1.7B
Sep '25
$1.2B
$293M
84.2%
29.5%
50.4%
6.0%
$285M
—
$1.5B
Jun '25
$774M
-$72M
81.6%
-2.1%
-13.0%
-1.6%
$139M
—
$1.1B
Mar '25
$594M
-$18M
88.2%
3.0%
-4.3%
-0.4%
-$127M
—
$1.0B
Dec '24
$593M
-$84M
82.7%
-17.7%
-124.9%
-2.0%
-$104M
—
$966M
Sep '24
$501M
-$112M
83.6%
-15.4%
-344.8%
-2.7%
$40M
—
$1.1B
Jun '24
$660M
-$17M
89.8%
7.4%
550.7%
-0.4%
$116M
—
$968M
Mar '24
$494M
-$66M
89.0%
-8.8%
30.1%
-1.7%
-$94M
—
$682M
Dec '23
$440M
-$138M
83.6%
-26.5%
62.5%
-3.6%
-$45M
—
$813M
Sep '23
$751M
$148M
89.4%
28.5%
-89.1%
3.8%
$342M
—
$1.0B
Jun '23
$319M
-$276M
76.4%
-72.1%
67.6%
-8.1%
-$75M
—
$658M
Mar '23
$319M
-$174M
87.0%
-46.9%
67.2%
-5.1%
-$180M
—
$672M
Dec '22
$335M
-$207M
86.2%
-56.3%
131.1%
-5.9%
-$154M
—
$866M
Sep '22
$264M
-$406M
86.2%
-97.6%
600.1%
-11.5%
-$132M
—
$1.1B
Jun '22
$225M
-$277M
84.9%
-85.3%
-157.6%
-8.3%
-$139M
$678M
$576M
Mar '22
$213M
-$240M
89.0%
-68.8%
-59.9%
-7.0%
-$189M
$677M
$534M
Dec '21
—
-$258M
—
—
-43.9%
-7.1%
-$172M
$676M
$820M
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 169.8× (Dec '25) to 67.4× (Nov '26).
The price-to-sales ratio has fallen from 25.9× (Mar '23) to 5.7× (Nov '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?
Alnylam Pharmaceuticals's P/E (TTM) is 7.77 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the ALNY stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 67.4× as of Nov '26) can differ. 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), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.