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Neurocrine Biosciences vs Qiagen: revenue, profit, margins and growth compared

Neurocrine Biosciences brought in $2.9B of revenue in fiscal 2025, Qiagen $2.1B in fiscal 2025. Revenue changed by +21.4% at Neurocrine Biosciences and +5.7% at Qiagen on the year before, so Neurocrine Biosciences grew faster. Neurocrine Biosciences kept 16.7% of its revenue as net profit, Qiagen 20.3%. Free cash flow was $748.7M at Neurocrine Biosciences and $453.3M at Qiagen.

Side by side, latest fiscal year

NBIXQGEN
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$2.9B$2.1B
Revenue growth+21.4%+5.7%
Net income$478.6M$424.9M
Net margin16.7%20.3%
Free cash flow$748.7M$453.3M
Free cash flow margin26.2%21.7%
Earnings per share (diluted)$4.67$1.94
Cash$713M$839M
Debtn/a$1.7B
Price to earnings29.6n/a
Market value$14.1B$9.1B
Dividend yieldn/an/a
Rank by revenue in sector#88 of 523 · Health care#107 of 523 · Health care

Over the years

Revenue
NBIX FY2018: $451.2MNBIX FY2019: $788.1MNBIX FY2020: $1BNBIX FY2021: $1.1BNBIX FY2022: $1.5BNBIX FY2023: $1.9BNBIX FY2024: $2.4BNBIX FY2025: $2.9BQGEN FY2018: $1.5BQGEN FY2019: $1.5BQGEN FY2020: $1.9BQGEN FY2021: $2.3BQGEN FY2022: $2.1BQGEN FY2023: $2BQGEN FY2024: $2BQGEN FY2025: $2.1BFY18FY19FY20FY21FY22FY23FY24FY25
NBIX $2.9BQGEN $2.1B
Net income
NBIX FY2018: $21.1MNBIX FY2019: $37MNBIX FY2020: $407.3MNBIX FY2021: $89.6MNBIX FY2022: $154.5MNBIX FY2023: $249.7MNBIX FY2024: $341.3MNBIX FY2025: $478.6MQGEN FY2018: $190.4MQGEN FY2019: -$41.5MQGEN FY2020: $359.2MQGEN FY2021: $512.6MQGEN FY2022: $423.2MQGEN FY2023: $341.3MQGEN FY2024: $83.6MQGEN FY2025: $424.9MFY18FY19FY20FY21FY22FY23FY24FY25
NBIX $478.6MQGEN $424.9M
Net margin
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%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
NBIX 16.7%QGEN 20.3%
Revenue growth
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%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
NBIX +21.4%QGEN +5.7%
Free cash flow
NBIX FY2018: $76.6MNBIX FY2019: $132.3MNBIX FY2020: $217.6MNBIX FY2021: $233.1MNBIX FY2022: $322.9MNBIX FY2023: $361.6MNBIX FY2024: $557.2MNBIX FY2025: $748.7MQGEN FY2018: $249.7MQGEN FY2019: $212.9MQGEN FY2020: $325MQGEN FY2021: $449.1MQGEN FY2022: $586MQGEN FY2023: $309.7MQGEN FY2024: $506.4MQGEN FY2025: $453.3MFY18FY19FY20FY21FY22FY23FY24FY25
NBIX $748.7MQGEN $453.3M

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

Questions about Neurocrine Biosciences and Qiagen

Which is bigger by revenue, Neurocrine Biosciences or Qiagen?

Neurocrine Biosciences is bigger by revenue: $2.9B in fiscal 2025, against $2.1B for Qiagen in fiscal 2025.

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

Neurocrine Biosciences had a net margin of 16.7% in fiscal 2025; Qiagen had 20.3% in fiscal 2025.

Which grew revenue faster, Neurocrine Biosciences or Qiagen?

In their latest fiscal years revenue changed by +21.4% at Neurocrine Biosciences 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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