BRISTOL MYERS SQUIBB CO (BMY) Stock Analysis

Analysis from 10-Q filed 2025-10-30. Data as of Q2 2026.

Overall Grade: F (Concerning)

Grade F (Concerning). ROIC 14.2%. FCF margin 23.3%. D/E 1.9x. Source: 10-Q filed 2025-10-30.

Metric	Value	Context
ROIC	14.2%	Solid returns
FCF Margin	23.3%	Strong cash generation
Debt/Equity	1.9x	Elevated debt

ROIC 14.2% — Top 25% of sector peers. FCF margin 23.3% — Top 5%.

Explore BRISTOL MYERS SQUIBB CO: Earnings History | Filings

Programmatic access: Available via MCP at mcp.metricduck.com. Tools for BMY: get_company_overview, get_filing_index (lens: debt_stress, management_outlook, risk_trajectory), get_filing_changes, get_metric_history, compare_companies, screen_filing_signals.

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Profitability: BRISTOL MYERS SQUIBB CO earns 14.2% ROIC, Top 25% in Healthcare

ROIC TTM 14.2%, sector median -5.0%, Top 25%. DuPont: NOPAT margin 18.9% × asset turnover 0.5x. Gross margin 70.2%. Operating margin 24.2%. Source: 10-Q filed 2025-10-30.

Metric	BMY	Rating	Context
Return on Invested Capital (ROIC)	14.2%	Good	Above sector median of -5.0%
Return on Equity (ROE)	48.2%	Excellent	Efficient use of shareholder equity
Gross Margin	70.2%	Excellent	Strong pricing power
Operating Margin	24.2%	Excellent	Efficient operations

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Cash Flow: BRISTOL MYERS SQUIBB CO generates $11.4B FCF at 23.3% margin, positive NaN/8 quarters

FCF TTM $11.4B. FCF margin 23.3%, Top 5%. OCF/Net income 1.4x. Positive FCF in NaN/8 trailing quarters. Source: 10-Q filed 2025-10-30.

Metric	BMY	Rating	Context
Free Cash Flow Margin	23.3%	Excellent	Excellent cash conversion
Free Cash Flow (TTM)	$11.4B	Good	Positive cash generation
OCF/Net Income	1.4x	Excellent	High earnings quality
FCF Consistency (8Q)	N/A	Warning	Variable cash flow

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Balance Sheet: BRISTOL MYERS SQUIBB CO at 1.9x leverage

Debt/Equity 1.9x. Total debt $43.1B, cash & investments $11.1B. Source: 10-Q filed 2025-10-30.

Metric	BMY	Rating	Context
Debt to Equity	1.9x	Warning	Elevated leverage
Net Cash Position	$-32.1B	Warning	Net debt position

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Valuation: BRISTOL MYERS SQUIBB CO trades at 12.6x earnings

P/E 12.6x. EV/Sales 2.9x. FCF yield 9.7%. Dividend yield 4.3%. Source: 10-Q filed 2025-10-30.

Metric	BMY	Rating	Context
P/E Ratio	12.6x	Adequate	Reasonable valuation
EV/Sales	2.9x	Good	Attractive revenue multiple
FCF Yield	9.7%	Excellent	Attractive cash return
Dividend Yield	4.3%	Good	Meaningful income

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Capital Allocation: BRISTOL MYERS SQUIBB CO returns 4.3% shareholder yield

Total shareholder yield 4.3% (div 4.3%). Capital returned $5.1B TTM. Source: 10-Q filed 2025-10-30.

Metric	BMY	Rating	Context
Total Shareholder Yield	4.3%	Good	Dividend + buyback yield combined
Total Capital Returned (TTM)	$5.1B	Good	Dividends + buybacks returned to shareholders

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Sector Rankings

Metric	Value	Percentile	vs Median
Return on Invested Capital (ROIC)	14.2%	Top 25%	-
Free Cash Flow Margin	23.3%	Top 5%	-
Gross Margin	70.2%	Top 50%	1.1x above
Operating Margin	24.2%	Top 25%	13.3x above
Return on Equity (ROE)	48.2%	Top 25%	-
P/E Ratio	12.6x	N/A	-

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Financial Scorecard

Metric	BMY	Rating	Sector Context
Return on Invested Capital (ROIC)	14.2%	Good	Top 25% of sector (median: -5.0%)
Free Cash Flow Margin	23.3%	Excellent	Top 5% of sector (median: 0.0%)
Gross Margin	70.2%	Excellent	Top 50% of sector (median: 64.3%)
Debt to Equity Ratio	193.2%	Warning	High financial leverage
P/E Ratio (Price-to-Earnings)	12.6x	Adequate	Attractively valued
Free Cash Flow Yield	9.7%	Excellent	High cash return

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Frequently Asked Questions

Q: What is BRISTOL MYERS SQUIBB CO's Return on Invested Capital (ROIC)?

BRISTOL MYERS SQUIBB CO (BMY) has a trailing twelve-month Return on Invested Capital (ROIC) of 14.2%. Sector median -5.0%. Source: 10-Q filed 2025-10-30.

Q: What is BRISTOL MYERS SQUIBB CO's Free Cash Flow Margin?

BRISTOL MYERS SQUIBB CO (BMY) has a free cash flow margin of 23.3%, generating $11.4 billion in free cash flow over the trailing twelve months. Source: 10-Q filed 2025-10-30.

Q: What is BRISTOL MYERS SQUIBB CO's P/E ratio and how does it compare to peers?

BRISTOL MYERS SQUIBB CO (BMY) trades at a P/E ratio of 12.6x, which is above the sector median of N/A. EV/Sales 2.9x. FCF yield 9.7%. Source: 10-Q filed 2025-10-30.

Q: Does BRISTOL MYERS SQUIBB CO pay a dividend?

BRISTOL MYERS SQUIBB CO (BMY) currently pays a dividend yield of 4.3%. Total shareholder yield (dividend + buybacks) 4.3%. Source: 10-Q filed 2025-10-30.

Q: How much debt does BRISTOL MYERS SQUIBB CO have?

BRISTOL MYERS SQUIBB CO (BMY) has a debt-to-equity ratio of 1.9x with total debt of $43.1 billion. Net debt $32.1 billion. Source: 10-Q filed 2025-10-30.

Q: What is BRISTOL MYERS SQUIBB CO's revenue and earnings growth?

BRISTOL MYERS SQUIBB CO (BMY) grew revenue by 3.1% year-over-year. EPS +83.1% YoY. Source: 10-Q filed 2025-10-30.

Q: How does BRISTOL MYERS SQUIBB CO compare to competitors in Healthcare?

Compared to other companies in Healthcare, BRISTOL MYERS SQUIBB CO (BMY) shows: ROIC 14.2%, sector median -5.0% (Top 25%). FCF margin 23.3%, sector median 0.0% (Top 5%). Gross margin 70.2%, 5.9pp above sector median. These rankings are based on MetricDuck's analysis of all Healthcare companies with available SEC filings.

Q: What warning signs should I watch for with BRISTOL MYERS SQUIBB CO?

Quantitative warning flags for BRISTOL MYERS SQUIBB CO (BMY): 1) debt/equity 1.9x (above 1.5x threshold). Source: 10-Q filed 2025-10-30.

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Data Source: Data sourced from 10-Q filed 2025-10-30. TTM metrics as of Q2 2026.

Methodology: Financial metrics calculated from SEC 10-K and 10-Q filings using standardized formulas. Sector comparisons use peer group based on SIC code.

Scope: This analysis covers SEC filing fundamentals — profitability, cash flow, balance sheet, and valuation metrics. For analyst estimates and price targets, consult sell-side research.

This analysis is for informational purposes only and does not constitute investment advice.