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Health Care · S&P 500 · data as of 2026-10-05

BMY stock analysis: Bristol-Myers Squibb

Bristol-Myers Squibb (BMY) is an S&P 500 company in Pharmaceuticals. It grades strongest on value.

The model's view of BMY · subscribers

Where BMY ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.

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What's happening with BMY · updated 2026-10-05 · from prices and SEC filings

BMY price performance

BMY against the S&P 500, one year
+0%+20%+40%+60%BMY +41%S&P 500 +18%2025-09-292026-10-05
Year to date+13.9%S&P 500 +14.5% · behind by 0.7 pts
1 year+35.1%S&P 500 +17.0% · ahead by 18.1 pts
3 years+20.0%S&P 500 +89.3% · behind by 69.2 pts
5 years+22.3%S&P 500 +91.3% · behind by 69.0 pts

Total returns with dividends reinvested.

BMY factor grades

Each grade compares BMY with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.

AValueP/E 13.0x (industry 32.7x)FCF yield 9.5% (industry 7.0%)
C+GrowthRevenue growth +3% (industry +4%)EPS growth +83% (industry -2%)
B+Profitability
C+Momentum12-month change +35%From 52-wk high -13%

BMY in plain numbers

BMY key statistics

SectorHealth Care
IndustryPharmaceuticals
IndexS&P 500
Market value$120.1B
Revenue growth (y/y)+3%
Free-cash-flow yield9.5%
Dividend yield4.3%
Next earnings (expected)2026-10-29
Valuation measures
Market value$120.1B
Enterprise value$154.5B
P/E (trailing)13.0x
Forward P/E (Torvanta estimate)10.6x
PEG (Torvanta estimate)0.48
Price / sales2.4x
Price / book5.4x
EV / revenue3.1x
Financial highlights
Revenue, last 12 months$49.2B
Net income, last 12 months$9.3B
EPS, last 12 months (GAAP)$4.54
Gross margin70.2%
Net margin18.9%
Return on equity46.7%
Cash$8.7B
Total debt$43.1B
Debt / equity1.93x
Free cash flow, last 12 months$11.4B
Current ratio1.53x

Company figures from its latest SEC filings; market value and returns from end-of-day prices.

BMY earnings trends

Revenue vs earnings
$0$3.2B$6.5B$9.7B$13.0BSep 2024 Revenue: $11.9BDec 2024 Revenue: $12.3BMar 2025 Revenue: $11.2BJun 2025 Revenue: $12.3BSep 2025 Revenue: $12.2BDec 2025 Revenue: $12.5BMar 2026 Revenue: $11.5BJun 2026 Revenue: $13.0BSep 2024 Net income: $1.2BDec 2024 Net income: $72.0MMar 2025 Net income: $2.5BJun 2025 Net income: $1.3BSep 2025 Net income: $2.2BDec 2025 Net income: $1.1BMar 2026 Net income: $2.7BJun 2026 Net income: $3.3BSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Net margin: 10.2%Net margin: 0.6%Net margin: 21.9%Net margin: 10.7%Net margin: 18.0%Net margin: 8.7%Net margin: 23.3%Net margin: 25.6%0%13%26%■ Revenue ■ Net income ━ Net margin
Earnings per share$0.0$0.4$0.8$1.2$1.6Sep 2024 EPS (GAAP, diluted): $0.6Dec 2024 EPS (GAAP, diluted): $0.0Mar 2025 EPS (GAAP, diluted): $1.2Jun 2025 EPS (GAAP, diluted): $0.6Sep 2025 EPS (GAAP, diluted): $1.1Dec 2025 EPS (GAAP, diluted): $0.5Mar 2026 EPS (GAAP, diluted): $1.3Jun 2026 EPS (GAAP, diluted): $1.6Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026■ EPS (GAAP, diluted) Change from a year earlier: Sep 2025 +80% · Dec 2025 +1225% · Mar 2026 +9% · Jun 2026 +153%

From the company's 10-Q and 10-K filings with the SEC.

Bristol-Myers Squibb financials (from SEC filings)

Fiscal yearFY2021FY2022FY2023FY2024FY2025
Revenue$46.4B$46.2B$45.0B$48.3B$48.2B
Net income$7.0B$6.3B$8.0B-$8.9B$7.1B
EPS (GAAP)$3.12$2.95$3.86$-4.42$3.45
Free cash flow$15.2B$11.9B$12.7B$13.9B$12.8B

BMY earnings history

ReportedEPS (GAAP)EPS y/yRevenue y/yStock vs S&P 500, 2 days
2026-07-30$1.62+153%+6%+1.1%
2026-04-30$1.31+9%+3%-0.2%
2026-02-05$0.53+1225%+1%+6.9%
2025-10-30$1.08+80%+3%+8.9%
2025-07-31$0.64-23%+1%-1.8%
2025-04-24$1.20n/a-6%-4.1%

About Bristol-Myers Squibb

HeadquartersPrinceton, NJ
Industry (SEC code)Pharmaceutical Preparations
Fiscal year endsDecember 31
Incorporated inDE
Listed onNYSE, NYSE

From the company's SEC registration record.

Companies similar to BMY

CompanyMarket valueP/ERevenue growthOperating margin12-month change
BMY Bristol-Myers Squibb$120.1B13.0x+3%n/a+35%
PFE Pfizer$156.2B36.1x-0%n/a+7%compare
MRK Merck$344.3B110.7x+5%n/a+61%compare
ZTS Zoetis$29.5B11.8x+1%n/a-50%compare
JNJ Johnson & Johnson$609.5B29.3x+8%n/a+37%
VTRS Viatris$20.2Bn/a+4%-0.6%+79%
LLY Eli Lilly$1.1T38.4x+50%n/a+37%

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Frequently asked questions

Is BMY stock a buy?

Torvanta does not tell individuals what to buy. Its grades for BMY are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.

What is BMY's P/E ratio?

BMY trades at about 13.0 times its last 12 months of GAAP earnings reported to the SEC, and about 10.6 times Torvanta's own estimate of the next 12 months.

When does BMY report earnings next?

Based on its filing history, Torvanta expects Bristol-Myers Squibb to report around 2026-10-29.

Does BMY pay a dividend?

Yes. Its dividend yield is about 4.3%, and it has raised its dividend 4 years in a row.

How has BMY performed against the S&P 500?

Over the past year BMY returned +35.1%, against +17.0% for the S&P 500, dividends reinvested.

See the model's view

Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

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Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

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