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Halozyme Therapeutics vs Neurocrine Biosciences: revenue, profit, margins and growth compared

Halozyme Therapeutics brought in $1.4B of revenue in fiscal 2025, Neurocrine Biosciences $2.9B in fiscal 2025. Revenue changed by +37.6% at Halozyme Therapeutics and +21.4% at Neurocrine Biosciences on the year before, so Halozyme Therapeutics grew faster. Halozyme Therapeutics kept 22.7% of its revenue as net profit, Neurocrine Biosciences 16.7%. Free cash flow was $644.6M at Halozyme Therapeutics and $748.7M at Neurocrine Biosciences.

Side by side, latest fiscal year

HALONBIX
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$1.4B$2.9B
Revenue growth+37.6%+21.4%
Net income$316.9M$478.6M
Net margin22.7%16.7%
Free cash flow$644.6M$748.7M
Free cash flow margin46.2%26.2%
Earnings per share (diluted)$2.56$4.67
Cash$133.8M$713M
Debt$2.1Bn/a
Price to earnings44.529.6
Market value$12.9B$14.1B
Dividend yieldn/an/a
Rank by revenue in sector#129 of 523 · Health care#88 of 523 · Health care

Over the years

Revenue
HALO FY2018: $151.9MHALO FY2019: $196MHALO FY2020: $267.6MHALO FY2021: $443.3MHALO FY2022: $660.1MHALO FY2023: $829.3MHALO FY2024: $1BHALO FY2025: $1.4BNBIX FY2018: $451.2MNBIX FY2019: $788.1MNBIX FY2020: $1BNBIX FY2021: $1.1BNBIX FY2022: $1.5BNBIX FY2023: $1.9BNBIX FY2024: $2.4BNBIX FY2025: $2.9BFY18FY19FY20FY21FY22FY23FY24FY25
HALO $1.4BNBIX $2.9B
Net income
HALO FY2018: -$80.3MHALO FY2019: -$72.2MHALO FY2020: $129.1MHALO FY2021: $402.7MHALO FY2022: $202.1MHALO FY2023: $281.6MHALO FY2024: $444.1MHALO FY2025: $316.9MNBIX FY2018: $21.1MNBIX FY2019: $37MNBIX FY2020: $407.3MNBIX FY2021: $89.6MNBIX FY2022: $154.5MNBIX FY2023: $249.7MNBIX FY2024: $341.3MNBIX FY2025: $478.6MFY18FY19FY20FY21FY22FY23FY24FY25
HALO $316.9MNBIX $478.6M
Net margin
HALO FY2018: -52.9%HALO FY2019: -36.9%HALO FY2020: 48.2%HALO FY2021: 90.8%HALO FY2022: 30.6%HALO FY2023: 34.0%HALO FY2024: 43.7%HALO FY2025: 22.7%NBIX FY2018: 4.7%NBIX FY2019: 4.7%NBIX FY2020: 38.9%NBIX FY2021: 7.9%NBIX FY2022: 10.4%NBIX FY2023: 13.2%NBIX FY2024: 14.5%NBIX FY2025: 16.7%FY18FY19FY20FY21FY22FY23FY24FY25
HALO 22.7%NBIX 16.7%
Revenue growth
HALO FY2019: +29.1%HALO FY2020: +36.5%HALO FY2021: +65.7%HALO FY2022: +48.9%HALO FY2023: +25.6%HALO FY2024: +22.4%HALO FY2025: +37.6%NBIX FY2019: +74.7%NBIX FY2020: +32.7%NBIX FY2021: +8.4%NBIX FY2022: +31.3%NBIX FY2023: +26.8%NBIX FY2024: +24.8%NBIX FY2025: +21.4%FY19FY20FY21FY22FY23FY24FY25
HALO +37.6%NBIX +21.4%
Free cash flow
HALO FY2018: -$54.2MHALO FY2019: -$89.5MHALO FY2020: $53MHALO FY2021: $298MHALO FY2022: $235.3MHALO FY2023: $373.3MHALO FY2024: $468.4MHALO FY2025: $644.6MNBIX FY2018: $76.6MNBIX FY2019: $132.3MNBIX FY2020: $217.6MNBIX FY2021: $233.1MNBIX FY2022: $322.9MNBIX FY2023: $361.6MNBIX FY2024: $557.2MNBIX FY2025: $748.7MFY18FY19FY20FY21FY22FY23FY24FY25
HALO $644.6MNBIX $748.7M

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

Questions about Halozyme Therapeutics and Neurocrine Biosciences

Which is bigger by revenue, Halozyme Therapeutics or Neurocrine Biosciences?

Neurocrine Biosciences is bigger by revenue: $2.9B in fiscal 2025, against $1.4B for Halozyme Therapeutics in fiscal 2025.

Which keeps more of its revenue as profit, Halozyme Therapeutics or Neurocrine Biosciences?

Halozyme Therapeutics had a net margin of 22.7% in fiscal 2025; Neurocrine Biosciences had 16.7% in fiscal 2025.

Which grew revenue faster, Halozyme Therapeutics or Neurocrine Biosciences?

In their latest fiscal years revenue changed by +37.6% at Halozyme Therapeutics and +21.4% at Neurocrine Biosciences.

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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