BRISTOL MYERS SQUIBB CO (BMY) Stock Analysis

Analysis from 10-Q filed 2025-10-30. Data as of Q1 2026.

Overall Grade: F (Concerning)

Grade F (Concerning). ROIC 11.0%. FCF margin 24.6%. D/E 2.2x. Source: 10-Q filed 2025-10-30.

Metric	Value	Context
ROIC	11.0%	Near cost of capital
FCF Margin	24.6%	Strong cash generation
Debt/Equity	2.2x	Elevated debt

ROIC 11.0% — Top 25% of sector peers. FCF margin 24.6% — Top 5%.

Explore BRISTOL MYERS SQUIBB CO: Earnings History | Filings | ROIC Analysis

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 11.0% ROIC, Top 25% in Healthcare

ROIC TTM 11.0%, sector median -2.5%, Top 25%. DuPont: NOPAT margin 15.0% × asset turnover 0.5x. Gross margin 70.5%. Operating margin 19.8%. Source: 10-Q filed 2025-10-30.

Metric	BMY	Rating	Context
Return on Invested Capital (ROIC)	11.0%	Adequate	Above sector median of -2.5%
Return on Equity (ROE)	39.8%	Excellent	Efficient use of shareholder equity
Gross Margin	70.5%	Excellent	Strong pricing power
Operating Margin	19.8%	Good	Efficient operations

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Cash Flow: BRISTOL MYERS SQUIBB CO generates $11.9B FCF at 24.6% margin, positive NaN/8 quarters

FCF TTM $11.9B. FCF margin 24.6%, Top 5%. OCF/Net income 1.8x. Positive FCF in NaN/8 trailing quarters. Source: 10-Q filed 2025-10-30.

Metric	BMY	Rating	Context
Free Cash Flow Margin	24.6%	Excellent	Excellent cash conversion
Free Cash Flow (TTM)	$11.9B	Good	Positive cash generation
OCF/Net Income	1.8x	Excellent	High earnings quality
FCF Consistency (8Q)	N/A	Warning	Variable cash flow

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Balance Sheet: BRISTOL MYERS SQUIBB CO at 2.2x leverage

Debt/Equity 2.2x. Total debt $44.5B, cash & investments $10.5B. Source: 10-Q filed 2025-10-30.

Metric	BMY	Rating	Context
Debt to Equity	2.2x	Warning	Elevated leverage
Net Cash Position	$-34.0B	Warning	Net debt position

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Valuation: BRISTOL MYERS SQUIBB CO trades at 17.0x earnings

P/E 17.0x. EV/Sales 3.3x. FCF yield 9.6%. Dividend yield 4.1%. Source: 10-Q filed 2025-10-30.

Metric	BMY	Rating	Context
P/E Ratio	17.0x	Adequate	Reasonable valuation
EV/Sales	3.3x	Good	Growth premium priced in
FCF Yield	9.6%	Excellent	Attractive cash return
Dividend Yield	4.1%	Good	Meaningful income

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Capital Allocation: BRISTOL MYERS SQUIBB CO returns 4.1% shareholder yield

Total shareholder yield 4.1% (div 4.1%). Capital returned $5.1B TTM. Source: 10-Q filed 2025-10-30.

Metric	BMY	Rating	Context
Total Shareholder Yield	4.1%	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)	11.0%	Top 25%	-
Free Cash Flow Margin	24.6%	Top 5%	-
Gross Margin	70.5%	Top 50%	1.1x above
Operating Margin	19.8%	Top 25%	8.6x above
Return on Equity (ROE)	39.8%	Top 25%	-
P/E Ratio	17.0x	N/A	-

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Financial Scorecard

Metric	BMY	Rating	Sector Context
Return on Invested Capital (ROIC)	11.0%	Adequate	Top 25% of sector (median: -2.5%)
Free Cash Flow Margin	24.6%	Excellent	Top 5% of sector (median: 0.0%)
Gross Margin	70.5%	Excellent	Top 50% of sector (median: 64.7%)
Debt to Equity Ratio	221.5%	Warning	High financial leverage
P/E Ratio (Price-to-Earnings)	17.0x	Adequate	Fair value
Free Cash Flow Yield	9.6%	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 11.0%. Sector median -2.5%. 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 24.6%, generating $11.9 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 17.0x, which is above the sector median of N/A. EV/Sales 3.3x. FCF yield 9.6%. 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 4.1%. Total shareholder yield (dividend + buybacks) 4.1%. 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 2.2x with total debt of $44.5 billion. Net debt $34.0 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 1.8% year-over-year. EPS +33.7% 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 11.0%, sector median -2.5% (Top 25%). FCF margin 24.6%, sector median 0.0% (Top 5%). Gross margin 70.5%, 5.7pp 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 2.2x (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 Q1 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.