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
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
$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
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
Jun '26
$481M
$230M
83.5%
59.8%
160.2%
8.9%
$237M
$2.1B
$163M
Mar '26
$377M
$150M
79.0%
49.0%
68.3%
5.6%
$176M
$2.1B
$310M
Dec '25
$452M
-$142M
82.6%
-20.6%
-290.1%
-5.6%
$218M
$2.1B
$134M
Sep '25
$354M
$175M
84.4%
61.5%
34.8%
7.9%
$176M
$1.5B
$420M
Jun '25
$326M
$165M
85.8%
62.2%
49.6%
8.0%
$98M
$1.5B
$62M
Mar '25
$265M
$118M
81.7%
53.4%
24.5%
5.4%
$153M
$1.5B
$176M
Dec '24
$298M
$137M
85.9%
58.9%
37.7%
6.6%
$175M
$1.5B
$116M
Sep '24
$290M
$137M
83.0%
56.3%
30.3%
6.5%
$114M
$1.5B
$154M
Jun '24
$231M
$93M
82.9%
50.7%
32.2%
4.7%
$53M
$1.5B
$188M
Mar '24
$196M
$77M
85.5%
48.8%
43.2%
4.2%
$126M
$1.5B
$165M
Dec '23
$230M
$85M
77.3%
43.9%
101.9%
4.9%
$100M
$1.5B
$118M
Sep '23
$216M
$82M
74.6%
40.9%
32.8%
4.3%
$129M
$1.5B
$274M
Jun '23
$221M
$75M
77.3%
42.7%
49.5%
4.1%
$68M
$1.5B
$221M
Mar '23
$162M
$40M
78.3%
33.2%
60.2%
2.3%
$76M
$1.5B
$96M
Dec '22
$181M
$58M
76.8%
41.1%
34.0%
3.1%
$80M
$1.5B
$234M
Sep '22
$209M
$62M
77.4%
39.9%
63.5%
3.3%
$69M
$1.5B
$147M
Jun '22
$152M
$23M
77.7%
22.4%
7.7%
1.3%
$39M
$1.1B
$91M
Mar '22
$117M
$60M
86.4%
64.5%
23.1%
5.2%
$47M
$788M
$118M
Dec '21
$102M
$67M
78.8%
55.4%
33.9%
6.0%
$82M
$787M
$119M
Sep '21
$116M
$217M
84.0%
65.3%
76.9%
18.3%
$121M
$786M
$492M
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.
The price-to-earnings ratio has risen from 21.4× (Mar '23) to 39.7× (Sep '26).
The price-to-sales ratio has risen from 6.6× (Mar '23) to 9.0× (Sep '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
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.