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Halozyme Therapeutics vs Qiagen: revenue, profit, margins and growth compared

Halozyme Therapeutics brought in $1.4B of revenue in fiscal 2025, Qiagen $2.1B in fiscal 2025. Revenue changed by +37.6% at Halozyme Therapeutics and +5.7% at Qiagen on the year before, so Halozyme Therapeutics grew faster. Halozyme Therapeutics kept 22.7% of its revenue as net profit, Qiagen 20.3%. Free cash flow was $644.6M at Halozyme Therapeutics and $453.3M at Qiagen.

Side by side, latest fiscal year

HALOQGEN
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$1.4B$2.1B
Revenue growth+37.6%+5.7%
Net income$316.9M$424.9M
Net margin22.7%20.3%
Free cash flow$644.6M$453.3M
Free cash flow margin46.2%21.7%
Earnings per share (diluted)$2.56$1.94
Cash$133.8M$839M
Debt$2.1B$1.7B
Price to earnings44.5n/a
Market value$12.9B$9.1B
Dividend yieldn/an/a
Rank by revenue in sector#129 of 523 · Health care#107 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: $1.4BQGEN FY2018: $1.5BQGEN FY2019: $1.5BQGEN FY2020: $1.9BQGEN FY2021: $2.3BQGEN FY2022: $2.1BQGEN FY2023: $2BQGEN FY2024: $2BQGEN FY2025: $2.1BFY18FY19FY20FY21FY22FY23FY24FY25
HALO $1.4BQGEN $2.1B
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: $316.9MQGEN FY2018: $190.4MQGEN FY2019: -$41.5MQGEN FY2020: $359.2MQGEN FY2021: $512.6MQGEN FY2022: $423.2MQGEN FY2023: $341.3MQGEN FY2024: $83.6MQGEN FY2025: $424.9MFY18FY19FY20FY21FY22FY23FY24FY25
HALO $316.9MQGEN $424.9M
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%QGEN FY2018: 12.7%QGEN FY2019: -2.7%QGEN FY2020: 19.2%QGEN FY2021: 22.8%QGEN FY2022: 19.8%QGEN FY2023: 17.4%QGEN FY2024: 4.2%QGEN FY2025: 20.3%FY18FY19FY20FY21FY22FY23FY24FY25
HALO 22.7%QGEN 20.3%
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%QGEN FY2019: +1.6%QGEN FY2020: +22.5%QGEN FY2021: +20.4%QGEN FY2022: -4.9%QGEN FY2023: -8.2%QGEN FY2024: +0.7%QGEN FY2025: +5.7%FY19FY20FY21FY22FY23FY24FY25
HALO +37.6%QGEN +5.7%
Free cash flow
HALO FY2018: -$54.2MHALO FY2019: -$89.5MHALO FY2020: $53MHALO FY2021: $298MHALO FY2022: $235.3MHALO FY2023: $373.3MHALO FY2024: $468.4MHALO FY2025: $644.6MQGEN FY2018: $249.7MQGEN FY2019: $212.9MQGEN FY2020: $325MQGEN FY2021: $449.1MQGEN FY2022: $586MQGEN FY2023: $309.7MQGEN FY2024: $506.4MQGEN FY2025: $453.3MFY18FY19FY20FY21FY22FY23FY24FY25
HALO $644.6MQGEN $453.3M

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

Questions about Halozyme Therapeutics and Qiagen

Which is bigger by revenue, Halozyme Therapeutics or Qiagen?

Qiagen is bigger by revenue: $2.1B in fiscal 2025, against $1.4B for Halozyme Therapeutics in fiscal 2025.

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

Halozyme Therapeutics had a net margin of 22.7% in fiscal 2025; Qiagen had 20.3% in fiscal 2025.

Which grew revenue faster, Halozyme Therapeutics or Qiagen?

In their latest fiscal years revenue changed by +37.6% at Halozyme Therapeutics and +5.7% at Qiagen.

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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