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Astrazeneca vs Bristol Myers Squibb: revenue, profit, margins and growth compared

Astrazeneca brought in $58.7B of revenue in fiscal 2025, Bristol Myers Squibb $48.2B in fiscal 2025. Revenue changed by +8.6% at Astrazeneca and -0.2% at Bristol Myers Squibb on the year before, so Astrazeneca grew faster. Astrazeneca kept 17.4% of its revenue as net profit, Bristol Myers Squibb 14.6%. Free cash flow was $11.8B at Astrazeneca and $12.8B at Bristol Myers Squibb.

Side by side, latest fiscal year

AZNBMY
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$58.7B$48.2B
Revenue growth+8.6%-0.2%
Net income$10.2B$7.1B
Net margin17.4%14.6%
Free cash flow$11.8B$12.8B
Free cash flow margin20.0%26.7%
Earnings per share (diluted)$6.54$3.46
Cash$5.7B$10.2B
Debt$29.6B$44.8B
Price to earningsn/a18.2
Market value$258.3B$128.4B
Dividend yieldn/a3.96%
Rank by revenue in sector#15 of 523 · Health care#16 of 523 · Health care

Over the years

Revenue
AZN FY2018: $22.1BAZN FY2019: $24.4BAZN FY2020: $26.6BAZN FY2021: $37.4BAZN FY2022: $44.4BAZN FY2023: $45.8BAZN FY2024: $54.1BAZN FY2025: $58.7BBMY FY2018: $22.6BBMY FY2019: $26.1BBMY FY2020: $42.5BBMY FY2021: $46.4BBMY FY2022: $46.2BBMY FY2023: $45BBMY FY2024: $48.3BBMY FY2025: $48.2BFY18FY19FY20FY21FY22FY23FY24FY25
AZN $58.7BBMY $48.2B
Net income
AZN FY2018: $2.2BAZN FY2019: $1.3BAZN FY2020: $3.2BAZN FY2021: $112MAZN FY2022: $3.3BAZN FY2023: $6BAZN FY2024: $7BAZN FY2025: $10.2BBMY FY2018: $4.9BBMY FY2019: $3.4BBMY FY2020: -$9BBMY FY2021: $7BBMY FY2022: $6.3BBMY FY2023: $8BBMY FY2024: -$8.9BBMY FY2025: $7.1BFY18FY19FY20FY21FY22FY23FY24FY25
AZN $10.2BBMY $7.1B
Net margin
AZN FY2018: 9.8%AZN FY2019: 5.5%AZN FY2020: 12.0%AZN FY2021: 0.3%AZN FY2022: 7.4%AZN FY2023: 13.0%AZN FY2024: 13.0%AZN FY2025: 17.4%BMY FY2018: 21.8%BMY FY2019: 13.2%BMY FY2020: -21.2%BMY FY2021: 15.1%BMY FY2022: 13.7%BMY FY2023: 17.8%BMY FY2024: -18.5%BMY FY2025: 14.6%FY18FY19FY20FY21FY22FY23FY24FY25
AZN 17.4%BMY 14.6%
Revenue growth
AZN FY2019: +10.4%AZN FY2020: +9.2%AZN FY2021: +40.6%AZN FY2022: +18.5%AZN FY2023: +3.3%AZN FY2024: +18.0%AZN FY2025: +8.6%BMY FY2019: +15.9%BMY FY2020: +62.6%BMY FY2021: +9.1%BMY FY2022: -0.5%BMY FY2023: -2.5%BMY FY2024: +7.3%BMY FY2025: -0.2%FY19FY20FY21FY22FY23FY24FY25
AZN +8.6%BMY -0.2%
Free cash flow
AZN FY2018: $1.6BAZN FY2019: $2BAZN FY2020: $3.8BAZN FY2021: $4.9BAZN FY2022: $8.7BAZN FY2023: $9BAZN FY2024: $9.9BAZN FY2025: $11.8BBMY FY2018: $6.1BBMY FY2019: $7.4BBMY FY2020: $13.3BBMY FY2021: $15.2BBMY FY2022: $11.9BBMY FY2023: $12.7BBMY FY2024: $13.9BBMY FY2025: $12.8BFY18FY19FY20FY21FY22FY23FY24FY25
AZN $11.8BBMY $12.8B

Fiscal years as each company reports them; the two may end in different months.

Questions about Astrazeneca and Bristol Myers Squibb

Which is bigger by revenue, Astrazeneca or Bristol Myers Squibb?

Astrazeneca is bigger by revenue: $58.7B in fiscal 2025, against $48.2B for Bristol Myers Squibb in fiscal 2025.

Which keeps more of its revenue as profit, Astrazeneca or Bristol Myers Squibb?

Astrazeneca had a net margin of 17.4% in fiscal 2025; Bristol Myers Squibb had 14.6% in fiscal 2025.

Which grew revenue faster, Astrazeneca or Bristol Myers Squibb?

In their latest fiscal years revenue changed by +8.6% at Astrazeneca and -0.2% at Bristol Myers Squibb.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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