|JAZZ Overview
JAZZ

Jazz Pharmaceuticals plc

Healthcare • CIK: 0001232524

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Market Cap
$10.37B
P/E (TTM)
-29.4x
Rev Growth (TTM)
+4.9%
Net Margin (TTM)
-8.3%
FCF Yield (TTM)
2.5%
FCF Margin (TTM)
6.1%

LATEST EARNINGS

FY2025
about 2 months ago
View source
Revenue
Net Income
EPS
  • Achieved $1B+ in sales for Epidiolex and Xywav in 2025, meeting guidance.
  • Zepzelca received FDA approval and launched in 1LM ES-SCLC.
  • Acquired Chimerix, adding Modeyso with potential for $500M+ peak sales and reducing future cash taxes by ~$200M.
  • Practice-changing 1L GEA data for zanidatamab derisks a $2B+ opportunity.

Cash Flow Health

Free Cash Flow7/8 positive
TTM$258M
Q4 '25
$292M-32%
Q3 '25
$429M+466%
FCF Margin
TTM6.1%
Q4 '2524.4%-36%
Sector: 0.0%Above Avg
OCF Margin31.8%
OCF/NI-3.81x
CapEx Coverage1.4x
FCF Yield2.5%
FCF Growth (2Y)-43%
Cash Conversion Cycle
61 days
DSO: 61+DIO: DPO:

Capital Allocation & Returns

Total Shareholder YieldFY
FY0.0%
Div Yield0.0%
+
Buyback (FY)1.2%

Insufficient data

Dividend & Payout Metrics
Dividend Yield (TTM)0.0%
Free Cash Flow (TTM)$258.2M
Stock Repurchases (FY)$125.0M
Capital Return / FCF0.0%
Est. Dividends Paid (TTM)$0
Shows how management rewards shareholders

Operational Efficiency & Returns

Return on Invested CapitalTTM
-2.6%
Volatile
-0.1% YoY+14.7%
P25MedianP75
25th pctl (med: 0.0%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
-5.7%
Asset Turnover
0.38x
8Q: 0.36x
Leverage (1+D/E)
2.24x
D/E: 1.24x
DuPont: -4.8%-2.6% ROIC
Asset & CapEx Efficiency
Fixed Asset Turn
23.00x
8Q:24.25x
+98.6%
Invested Cap Turn
0.49x
8Q:0.44x
+16.1%
CapEx Intensity
11.3%
8Q:0.6%
CapEx/Depreciation
23.75x
Asset-based ROIC formula

QUARTERLY TRENDS

Last 8 quarters + TTM

MetricTTMQ4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024
Revenue
$4.3B
$1.2B6.4%
$1.1B7.7%
$1.0B16.5%
$897.8M17.5%
$1.1B3.1%
$1.1B3.0%
$1.0B13.5%
$902.0M
Operating Income
$-430.2M
$254.5M342.6%
$57.5M108.4%
$-686.4M
$0100.0%
$-55.9M129.3%
$190.8M26.7%
$260.2M30.5%
$199.4M
Net Income
$-356.1M
$203.5M19.1%
$251.4M135.0%
$-718.5M676.4%
$-92.5M148.4%
$191.1M11.1%
$215.1M27.6%
$168.6M1253.2%
$-14.6M
Operating Cash Flow
$1.4B
$362.5M23.6%
$474.6M434.1%
$88.9M79.3%
$429.8M7.8%
$398.6M0.0%
$398.7M20.3%
$331.4M24.0%
$267.2M
Free Cash Flow
$258.2M
$292.3M31.9%
$429.4M465.9%
$75.9M108.0%
$-944.2M341.5%
$390.9M1.5%
$385.3M0.7%
$388.0M19.6%
$324.3M
Total Equity
N/A

Valuation Analysis

Fair Value
Price-to-EarningsTTM
-29.4x
Volatile
8Q: 31.8x+31147%
Valuation Lenses
Earnings
-29.4x
vs sector
Cash Flow
55.1x
EV/FCF vs
Growth-Adj
PEG
N/A
Quality-Adj
P/E per %ROIC
ROIC: -2.6%
Shareholder Returns
Dividend
Buyback
Total Yield
Market Cap$10.37B
EV$14.23B
Multi-angle valuation analysis with sector context

Business Quality & Moat

Overall Quality Score
-11/100
Below Average

Composite score: Returns (40%) + Consistency (30%) + Earnings Quality (30%)

Returns on Capital

Return on Equity (ROE)Above Avg
-8.9%
8Q:
Return on Invested Capital (ROIC)Below Avg
-2.6%
8Q:
+14.7%

DuPont Analysis (ROIC = NOPAT Margin × Asset Turnover)

NOPAT Margin: -5.7%
Asset Turnover: 0.38x

Earnings Quality

Cash Conversion

-3.81x

OCF / Net Income

FCF Consistency

Positive quarters

Competitive Moat Indicators

Pricing Power

Gross Margin

Capital Efficiency

Invested Capital Turnover0.49x

Working Capital

Cash Conversion Cycle61 days

Growth Quality & Momentum

Low Quality
Growth Quality Score
45/100
Growth 40%
Margins 30%
FCF 20%
Consistency 10%

Growth Rates

Revenue Growth YoY
4.9%
OpInc Growth YoY
555.4%
EPS Growth YoY
N/A
FCF 3Y CAGR
-42.6%

Growth Quality Analysis

Working Capital Drag: FCF growth lagging revenue by 47.5%
Sustainability Index: 3.0/10 - Growth sustainability concerns

Margin Quality & Sustainability

Moderate
Profitability Cascade
Gross
Operating
-10.1%
Below Avg in sector
Net
-8.3%
Margins Unknown
Earnings Quality Signals
SBC / Revenue
FCF vs Net Gap
+14.4 pts
FCF: 6.1% | Net: -8.3%

Quality = stability + cash conversion + low dilution

Balance Sheet & Solvency

Leveraged
Net Debt / EBITDA
Net Debt: $3.97B
Interest Coverage
Leverage Metrics
Debt-to-Equity
1.24x
Balance sheet risk & solvency analysis