Bristol-Myers Squibb Co.

Bristol-Myers Squibb Co.

BMY

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Market Cap$133.37B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Bristol-Myers Squibb Co.Bristol-Myers Squibb Co.14.43.84%42%2.71.9

Earnings Call Q2 2026

July 30, 2026 - AI Summary

Q2 2026 performance strong; guidance raised - Total revenue +5% YoY to ~$13B; growth portfolio +14% to ~$7.6B (~60% of total revenue), offsetting legacy declines. - Management raised full-year 2026 guidance for revenue and adjusted diluted EPS based on strong H1 momentum. - For the year, Eliquis growth now expected ~20–25%; legacy portfolio decline narrowed to ~4–6%.
Growth portfolio momentum (key drivers) - Multiple growth products posted double-digit gains: Reblozyl +29%, Breyanzi +41%, Opdualag strong double-digit growth, Camzyos +59%, Sotyktu +23%. - Qvantig launch traction continues: $261M in Q2, now annualizing >$1B (targeting 30–40% share long-term). - Cobenfy (approved schizophrenia) grew +81% to $63M, with management attributing ongoing drag mainly to suboptimal dose titration and starts (educational efforts ongoing).
Pipeline / catalyst calendar: multiple pivotal readouts into 2026–2027 - Near-term “data-rich” milestones expected by end of 2026, including: admilparant (IPF), arlo-cel (RRMM), iberdomide PFS data, milvexian (secondary stroke prevention), RYZ101 (GEP-NETs), Sotyktu (lupus readouts). - Milvexian timing updated: atrial fibrillation study readout moved to Q1 2027 (event-driven); company remains encouraged by study conduct and DMC oversight. - Cobenfy (Alzheimer’s psychosis): enrollment/events pacing slower than earlier assumptions → topline ADEPT data now expected starting early 2027, with potential interim for ADEPT-1 later in 2026; confidence in science/design unchanged.

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$63.25

Target Price by Analysts

3.4% downsideBristol-Myers Squibb Target Price DetailsTarget Price
$57.51

Current Fair Value

12.2% downside

Overvalued by 12.2% based on the discounted cash flow analysis.

Share Statistics

Market cap$133.37 Billion
Enterprise Value$167.77 Billion
Dividend Yield$2.51 (3.84%)
Earnings per Share$3.46
Beta0.24
Outstanding Shares2,042,000,000

Return

Return on Equity41.59%ROE
Return on Assets10.59%
Return on Invested Capital17.75%

Valuation & Multiples

P/E Ratio14.39P/E Ratio
PEG9.39PEG
Price to Sales2.73Price to Sales
Price to Book Ratio6.55Price to Book Ratio
Enterprise Value to Revenue3.41
Enterprise Value to EBIT13.7
Enterprise Value to Net Income18
Total Debt to Enterprise0.26
Debt to Equity1.93Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
July 30, 2026
EPS Estimate
$1.60
Average shareholder expectation
Revenue Estimate
$11.74 B
Average shareholder expectation

Next Earnings Call

Expected Date
October 29, 2026
EPS Estimate
$1.70
Average shareholder expectation
Revenue Estimate
$12.50 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio2.0000 106.84%
Total Calls4,300 99.98%
Total Puts8,600 99.96%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %4.69% 74.51%
Total Invested$5.51B 94.37%
Investors Holding1,168 1458.00%

ESG Score

No data

About Bristol-Myers Squibb Co.

30,250 employees
CEO: Giovanni Caforio

Bristol Myers Squibb is a global biopharmaceutical company whose mission is to discover, develop and deliver innovative medicines that help patients prevail over serious diseases.

Relevant Senate Committees

Joint Committee on Taxation

Provides official revenue estimates and technical expertise for all tax legislation, directly influencing corporate tax structures and capital investment credits which are critical for BMY's financial planning and profitability.

Finance

Controls tax policy, which significantly impacts corporate valuations, and influences entitlement spending like Medicare, directly affecting drug pricing and reimbursement for BMY's products.

Appropriations

Allocates federal spending, which directly impacts funding for agencies like NIH (research) and healthcare programs (e.g., Medicare/Medicaid via HHS appropriations) that influence BMY's market and R&D landscape.

Health, Education, Labor, and Pensions

Directly regulates the FDA, which approves BMY's drugs, and the NIH, which funds critical medical research. Also impacts labor costs, making it highly relevant to BMY's core operations and market.

Judiciary

Oversees intellectual property rights (patents) which are fundamental to BMY's business model, and antitrust laws that are crucial for pharmaceutical M&A activities and market competition.

Veterans' Affairs

As a major healthcare provider, the VA is a significant customer for BMY's medicines. Funding decisions and procurement policies directly impact BMY's sales to this critical market segment.