tradmap

HALO Financials Halozyme Therapeutics, Inc.

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 39.2% per year over the past 5 years.
  • Net income has grown slower than revenue (19.7% vs 39.2% per year).
  • Operating margin has contracted, at 33.6% in the latest year.
  • Free cash flow has grown 64.8% per year over the past 5 years.

Financial health

  • Total debt ($2.1B) exceeds cash ($134M); net debt is $2.0B.
  • Operating income covered interest expense 26× in the latest year.
  • Total debt is 4.5× EBITDA.
Revenue & net income
-$103M $647M $1B $0 2011 2013 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
-53% 20% 93% 0% 2011 2013 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Return on equity & assets (ROE / ROA)
-181% 234% 649% 0% 2011 2013 2015 2017 2019 2021 2023 2025
ROEROA
Free cash flow (CFO − capex)
-$89M $278M $645M $0 2011 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $1B $2B 2011 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$546M $53M $652M $0 2011 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MROEROAFCFTotal debtCash
2025 $1.4B $317M 83.6% 33.6% 649.2% 12.5% $645M $2.1B $134M
2024 $1.0B $444M 84.3% 54.3% 122.1% 21.5% $468M $1.5B $116M
2023 $829M $282M 76.8% 40.7% 336.0% 16.2% $373M $1.5B $118M
2022 $660M $202M 78.9% 40.5% 119.0% 11.0% $235M $1.5B $234M
2021 $443M $403M 81.6% 62.2% 204.5% 36.5% $298M $787M $119M
2020 $268M $129M 83.8% 53.9% 85.5% 22.3% $53M $0 $148M
2019 $196M -$72M 76.8% -34.5% -78.7% -12.8% -$89M $383M $120M
2018 $152M -$80M 93.3% -45.7% -32.3% -18.2% -$54M $35M $58M
2017 $317M $63M 90.2% 25.6% 30.2% 12.1% $133M $125M $169M
2016 -$103M 317.2% -39.4% -$54M $199M $67M
2015 -$32M -75.0% -17.7% -$39M $28M $43M
2014 -$68M -165.3% -41.2% -$49M $50M $61M
2013 -$83M 417.6% -82.0% -$52M $50M $27M
2012 -$54M -109.6% -39.7% -$66M $30M $100M
2011 -$20M -181.4% -30.1% -$35M $0 $52M

Valuation over time

How the market has priced HALO 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.

Price / earnings (P/E)
0.0 19.8 39.7 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/E
Price / sales (P/S)
0.0 4.5 9.0 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/S

Frequently asked questions

Is HALO growing its revenue and profit?

Over the past 5 years, Halozyme Therapeutics, Inc.'s revenue has grown 39.2% per year, and net income grown 19.7% per year. These are computed facts, not advice.

How much debt does HALO have?

As of FY2025, Halozyme Therapeutics, Inc. reported $2.1B of total debt against $134M of cash; operating income covered interest expense 26×.

What is HALO's profit margin?

In FY2025, gross margin was 83.6%, operating margin 33.6%, and net margin 22.7%.

What is HALO's P/E ratio?

As of Sep '26, Halozyme Therapeutics, Inc. traded at a price-to-earnings ratio of about 39.7× (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.