Gilead Sciences, Inc., a biopharmaceutical company, discovers, develops, and commercializes medicines in the areas of unmet medical need in the United States, Europe, and internationally. The company provides Biktarvy, Descovy, Genvoya, Odefsey, Sunlenca, Symtuza, and YeztugoFor the treatment of HIV-1 infection in patients. It also provides Epclusa, Livdelzi, and Vemlidy to treat chronic hepatitis C virus, primary biliary cholangitis, and chronic hepatitis B virus; Tecartus, a T-cell therapy for the treatment of adult patients; Trodelvy, an injection for intravenous use; and Yescarta, a suspension for intravenous infusion, is a CAR T-cell therapy for the treatment of adult patients. Further, it provides AmBisome, for the treatment of serious invasive fungal infections; and Veklury for the treatment of COVID-19. The company has collaboration agreements with Shenzhen Pregene Biopharma Co., Ltd.; Abingworth; Arcus Biosciences, Inc.; Merck Sharp & Dohme Corp.; Janssen Sciences Ireland Unlimited Company; Japan Tobacco, Inc.; Everest Medicines; Merck & Co, Inc.; Tentarix Biotherapeutics Inc.; and Assembly Biosciences, Inc. It also has research collaboration, option, and license agreement with Merus N.V. for the discovery of novel dual tumor-associated antigens (TAA) targeting trispecific antibodies. The company has a collaboration with Terray Therapeutics, Inc. to discover and develop small molecule therapies; and LEO Pharma to develop, manufacture, and commercialize the small molecule oral STAT6 program. The company was incorporated in 1987 and is headquartered in Foster City, California.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $29.4B | $13.6B | $8.5B | $9.5B | 37.5% | 2.4% | 1672.9% |
| 2024 | $28.8B | $4.4B | $480M | $10.3B | 2.5% | 6.0% | -91.5% |
| 2023 | $27.1B | $10.5B | $5.7B | $7.4B | 24.8% | -0.6% | 23.4% |
| 2022 | $27.3B | $8.9B | $4.6B | $8.3B | 21.6% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 27,281 | 27,116 | 28,754 | 29,442 |
| Cost Of Revenue | 5,657 | 6,498 | 6,251 | 6,234 |
| Gross Profit | 21,624 | 20,618 | 22,503 | 23,208 |
| Operating Expense | 10,650 | 11,780 | 11,907 | 11,507 |
| Operating Income | 10,974 | 8,838 | 10,596 | 11,701 |
| EBITDA | 8,852 | 10,496 | 4,434 | 13,580 |
| EBIT | 6,749 | 7,803 | 1,667 | 10,820 |
| Pretax Income | 5,814 | 6,859 | 690 | 9,796 |
| Tax Provision | 1,248 | 1,247 | 211 | 1,286 |
| Net Income | 4,592 | 5,665 | 480 | 8,510 |
| Net Income Common Stockholders | 4,592 | 5,665 | 480 | 8,510 |
| Total Expenses | 16,307 | 18,278 | 18,158 | 17,741 |
| Interest Expense | 935 | 944 | 977 | 1,024 |
| Interest Income | 106 | 376 | 281 | 349 |
| Research And Development | 4,977 | 5,718 | 5,907 | 5,799 |
| Selling General And Administration | 5,673 | 6,062 | 6,000 | 5,708 |
| Normalized EBITDA | 13,153 | 11,896 | 13,642 | 14,809 |
| Normalized Income | 7,969.77 | 6,810.20 | 6,872.22 | 9,577.66 |
| Market Cap | 161,853 | 161,853 | 161,853 | 161,853 |
Healthcare sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Gilead Sciences, Inc.this co. | GILD | $162.1B | 19.02β discount | 7.13 | 37.5% | 13.20 |
| Amgen Inc. | AMGN | $185.5B | 24.09 | 21.45 | 89.1% | 13.68 |
| Thermo Fisher Scientific Inc. | TMO | $177.2B | 26.04 | 3.27 | 12.6% | 17.74 |
| Abbott Laboratories | ABT | $158.3B | 24.27 | 3.04 | 12.5% | 13.56 |
| Pfizer Inc. | PFE | $153.1B |
| 19.76 |
| 1.78 |
| 9.0% |
| 12.89 |
| Danaher Corporation | DHR | $126.3B | 34.71 | 2.39 | 6.9% | 20.24 |
| Stryker Corporation | SYK | $125.2B | 38.64 | 5.59 | 14.5% | 21.74 |
| Bristol-Myers Squibb Company | BMY | $119.3B | 16.99 | 6.49 | 38.2% | 10.30 |
| Vertex Pharmaceuticals Incorporated | VRTX | $110.1B | 27.69 | 5.86 | 21.2% | 21.86 |
| Peer Median | - | 25.15 | 4.43 | 13.5% | 15.71 | |