Vertex Pharmaceuticals Incorporated logo

Vertex Pharmaceuticals Incorporated

VRTX

NASDAQHealthcareBiotechnology

Previous close

$548.05

+$7.79 · +1.44%

Aug 21, 4:00 PM ET

Pre-market

$548.05

$0.00 · 0.00%

Aug 24, 7:37 AM ET

VRTX company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

80

Undervalued

Momentum

56

Neutral

Sentiment

61

Bullish

Risk resilience

79

Moderate Risk

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Company profile

Company website

Vertex Pharmaceuticals Incorporated is a leading biotechnology firm primarily focused on the discovery, advancement, and marketing of innovative treatments, particularly for cystic fibrosis (CF). The company offers a range of approved medications for CF patients, including SYMDEKO/SYMKEVI, ORKAMBI, and KALYDECO, which target specific mutations within the cystic fibrosis transmembrane conductance regulator gene. Additionally, they provide TRIKAFTA for individuals with CF aged six years and older who possess at least one F508del mutation. Beyond its established CF therapies, Vertex maintains a robust and diverse clinical pipeline. This includes VX-864, currently in Phase 2 for alpha-1 antitrypsin (AAT) deficiency; VX-147, also in Phase 2, addressing APOL1-mediated focal segmental glomerulosclerosis (FSGS) and other serious kidney conditions; VX-880, a potential treatment for Type 1 Diabetes undergoing Phase 1/2 trials; VX-548, a NaV1.8 inhibitor in Phase 2 for various forms of acute, neuropathic, and musculoskeletal pain; and CTX001, which is in Phase 3 development for severe sickle cell disease (SCD) and transfusion-dependent beta-thalassemia (TDT). The company distributes its pharmaceutical products through specialty pharmacies and distributors across the United States, while international sales are facilitated via a network of specialty distributors, retail chains, hospitals, and clinics. Vertex also engages in numerous strategic collaborations with partners such as Affinia Therapeutics, Arbor Biotechnologies, CRISPR Therapeutics, Kymera Therapeutics, Mammoth Biosciences, Moderna, Obsidian Therapeutics, Skyhawk Therapeutics, Ribometrix, Genomics plc, Merck KGaA, and X-Chem. Established in 1989, Vertex Pharmaceuticals is headquartered in Boston, Massachusetts.

Industry
Biotechnology
Sector
Healthcare
Headquarters
US
CEO
Reshma Kewalramani
Listed since
Jul 24, 1991
Employees
6,400

Market position

Day range

Current $548.05

52-week range

Current $548.05

Open
$545.1
Previous close
$540.26
Volume
1.07M
0.75× average
Average volume
1.44M
Average daily volume
Market cap
139.1B USD
Beta
0.31
Market reference 1
50-day average
$490.86
+11.65% above average
200-day average
$459.97
+19.15% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
114.72B USD
P/E (TTM)
31.64×
P/B (TTM)
6.87×
P/S (TTM)
11.02×
EV / EBITDA
23.59×
Earnings yield
3.41%
Free cash flow yield
2.76%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
86.04%
Operating margin
38.59%
Net margin
34.89%
Return on equity
21.18%
Return on assets
15.12%
Return on invested capital
18.12%

Financial health

Debt / equity
0.1×
Current ratio
2.9×
Altman Z-score
13.9
Piotroski F-score
5 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends97%60%23%-14%Gross margin, FY2021: 88.06%Gross margin, FY2022: 87.90%Gross margin, FY2023: 87.21%Gross margin, FY2024: 86.11%Gross margin, FY2025: 85.03%Operating margin, FY2021: 36.73%Operating margin, FY2022: 48.23%Operating margin, FY2023: 38.83%Operating margin, FY2024: -2.11%Operating margin, FY2025: 39.43%Net margin, FY2021: 30.92%Net margin, FY2022: 37.20%Net margin, FY2023: 36.68%Net margin, FY2024: -4.86%Net margin, FY2025: 32.74%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 88.06%. Gross margin FY2022 87.90%. Gross margin FY2023 87.21%. Gross margin FY2024 86.11%. Gross margin FY2025 85.03%. Operating margin FY2021 36.73%. Operating margin FY2022 48.23%. Operating margin FY2023 38.83%. Operating margin FY2024 -2.11%. Operating margin FY2025 39.43%. Net margin FY2021 30.92%. Net margin FY2022 37.20%. Net margin FY2023 36.68%. Net margin FY2024 -4.86%. Net margin FY2025 32.74%.

Income trends

Revenue

12.07B USD+9.57%

Operating income

4.76B USD+4.99B USD

Net income

3.95B USD+4.49B USD
Income trends across reported periods13.34B USD8.29B USD3.25B USD−1.8B USDRevenue, FY2021: 7.57B USDRevenue, FY2022: 8.93B USDRevenue, FY2023: 9.87B USDRevenue, FY2024: 11.02B USDRevenue, FY2025: 12.07B USDOperating income, FY2021: 2.78B USDOperating income, FY2022: 4.31B USDOperating income, FY2023: 3.83B USDOperating income, FY2024: −232.9M USDOperating income, FY2025: 4.76B USDNet income, FY2021: 2.34B USDNet income, FY2022: 3.32B USDNet income, FY2023: 3.62B USDNet income, FY2024: −535.6M USDNet income, FY2025: 3.95B USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 7.57B USD. Revenue FY2022 8.93B USD. Revenue FY2023 9.87B USD. Revenue FY2024 11.02B USD. Revenue FY2025 12.07B USD. Operating income FY2021 2.78B USD. Operating income FY2022 4.31B USD. Operating income FY2023 3.83B USD. Operating income FY2024 −232.9M USD. Operating income FY2025 4.76B USD. Net income FY2021 2.34B USD. Net income FY2022 3.32B USD. Net income FY2023 3.62B USD. Net income FY2024 −535.6M USD. Net income FY2025 3.95B USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue12.07B USD11.02B USD9.87B USD8.93B USD7.57B USD
Cost of goods sold1.81B USD1.53B USD1.26B USD1.08B USD904.2M USD
Gross profit10.27B USD9.49B USD8.61B USD7.85B USD6.67B USD
Research and development3.75B USD3.63B USD3.16B USD2.66B USD3.05B USD
Selling, general, and administrative1.75B USD1.46B USD1.14B USD944.7M USD840.1M USD
Operating expenses5.51B USD9.72B USD4.78B USD3.54B USD3.89B USD
Interest income490.9M USD598.1M USD614.7M USD144.6M USD4.9M USD
Interest expense13.3M USD30.6M USD44.1M USD54.8M USD61.5M USD
Depreciation and amortization207.2M USD205.8M USD181.3M USD148.3M USD125.6M USD
Operating income4.76B USD−232.9M USD3.83B USD4.31B USD2.78B USD
Net income3.95B USD−535.6M USD3.62B USD3.32B USD2.34B USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
55%
6 beats, 5 misses, 0 met estimates
Average EPS surprise
+2.16%
11 comparable reports
Latest EPS result
4.73
Estimate 4.74 · Miss by 0.21%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates5.314.84.293.78Q1 '25MissQ2 '25MissQ3 '25BeatQ4 '25BeatQ1 '26MissQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 10, 2025: actual 3.98, estimate 4.02, surprise -1.00%, Miss. Q2 2025, reported May 5, 2025: actual 4.06, estimate 4.25, surprise -4.47%, Miss. Q3 2025, reported Aug 4, 2025: actual 4.52, estimate 4.29, surprise +5.36%, Beat. Q4 2025, reported Nov 3, 2025: actual 4.8, estimate 4.57, surprise +5.03%, Beat. Q1 2026, reported Feb 12, 2026: actual 5.03, estimate 5.11, surprise -1.57%, Miss. Q2 2026, reported May 4, 2026: actual 4.47, estimate 4.24, surprise +5.42%, Beat. Q3 2026, reported Aug 3, 2026: actual 4.73, estimate 4.74, surprise -0.21%, Miss. Q4 2026, reported Nov 2, 2026: actual —, estimate 4.8, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates3.54B3.24B2.94B2.63BQ1 '25BeatQ2 '25MissQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 10, 2025: actual 2.91B USD, estimate 2.78B USD, surprise +4.59%, Beat. Q2 2025, reported May 5, 2025: actual 2.77B USD, estimate 2.86B USD, surprise -3.20%, Miss. Q3 2025, reported Aug 4, 2025: actual 2.96B USD, estimate 2.91B USD, surprise +2.01%, Beat. Q4 2025, reported Nov 3, 2025: actual 3.08B USD, estimate 3.06B USD, surprise +0.55%, Beat. Q1 2026, reported Feb 12, 2026: actual 3.19B USD, estimate 3.18B USD, surprise +0.18%, Beat. Q2 2026, reported May 4, 2026: actual 2.99B USD, estimate 2.99B USD, surprise -0.24%, Miss. Q3 2026, reported Aug 3, 2026: actual 3.33B USD, estimate 3.23B USD, surprise +3.20%, Beat. Q4 2026, reported Nov 2, 2026: actual —, estimate 3.41B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$553.08

0.92% upside
Past 12 months12-month forecastHigh $617Average $553.08Low $350

Rating distribution

56 ratings
Strong buy00%
Buy4784%
Hold814%
Sell12%
Strong sell00%

Recent analyst actions

12 institutions
BairdmaintainUnderperform

VRTX news

Corporate actions

Corporate action history

Stock split

Effective Aug 24, 2000

2:1

VRTX peers

ETFs holding VRTX

Funds reporting this stock among their holdings, ordered by reported position size.

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