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EBSEmergent BioSolutions Inc.
$8.29$428M
Overview & Verdict
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EBS logoEmergent BioSolutions Inc.(EBS)Earnings, Financials & Key Ratios

EBS•NYSE
$8.29
8.9× P/E·Price updated Jul 7, 2026
SectorHealthcareIndustrySpecialty & Generic PharmaSub-IndustryVaccines and biodefense products
AboutEmergent BioSolutions Inc., a life sciences company, focuses on the provision of preparedness and response solutions that address accidental, deliberate, and naturally occurring public health threats (PHTs) in the United States. The company's products address PHTs, which include chemical, biological, radiological, nuclear, and explosives; emerging infectious diseases; travel health; and emerging health crises and acute/emergency care. It offers BioThrax, an anthrax vaccine; ACAM2000, a smallpox vaccine; Botulism Antitoxin Heptavalent to treat botulinum disease; vaccinia immune globulin intravenous that addresses complications from smallpox vaccine; raxibacumab for the treatment and prophylaxis of inhalational anthrax; Anthrasil to for inhalational anthrax; reactive skin decontamination lotion kits; and Trobigard, a combination drug-device auto injector product candidate; and Trobigard, a combination drug-device auto injector product candidate. The company also provides NARCAN, a nasal spray for the emergency treatment of known or suspected opioid overdose; Vivotif, an oral vaccine for typhoid fever; and Vaxchora, a single-dose oral vaccine to treat cholera. In addition, it is developing AP003, a Naloxone multidose nasal spray; AP007, a sustained release Nalmefene injection for treatment of opioid use disorder; AV7909, an anthrax vaccine; CGRD-001, a pralidoxime chloride/atropine auto-injector; CHIKV VLP, a chikungunya virus VLP vaccine; COVID-HIG for the treatment of SARS-CoV2; EGRD-001, a diazepam auto-injector; SIAN, an antidote for the initial treatment of acute poisoning of cyanide; and UniFlu, a universal influenza vaccine. Further, the company provides contract development and manufacturing services comprising drug substance and product manufacturing, and packaging, as well as technology transfer, process, and analytical development services. The company was incorporated in 1998 and is headquartered in Gaithersburg, Maryland.Show more
  • Revenue$743M-28.8%
  • EBITDA$209M+6825.8%
  • Net Income$53M+127.6%
  • EPS (Diluted)0.93+125.8%
  • Gross Margin47.19%+31.2%
  • EBITDA Margin28.07%+9549.7%
  • Operating Margin14.83%+242.4%
  • Net Margin7.08%+138.8%
  • ROE10.46%+131.1%

EBS Price & Volume

Emergent BioSolutions Inc. (EBS) stock price & volume — 10-year historical chart

Loading chart...

Volatile Government Procurement Strains Operational Financial Stability

Investment Thesis • Updated 2026Q1

VerdictNegative
Growth:Contracting
Profitability:Strained
Financial:Vulnerable
Cash Flow:Mixed
Primary Risk:Government procurement cycle volatility

Key Thesis Takeaways

  • Emergent BioSolutions faces a challenging outlook defined by persistent revenue contraction, evidenced by a 29.7% year-over-year decline in 2026Q1, and extreme sensitivity to lumpy government procurement cycles.
  • While the company has successfully reduced total debt from $922.2M in 2024Q1 to $573.6M in 2026Q1, its reliance on thin net margins of 4.4% and significant goodwill exposure of $470.4M creates substantial downside risk.
  • Investors should monitor the company's ability to stabilize cash flows, as the erratic OCF/NI ratio of -4.97 in 2026Q1 suggests that reported earnings remain poor indicators of actual liquidity.

Verdict Logic

the company's inability to maintain consistent profitability, highlighted by a thin 4.4% net margin in 2026Q1, combined with high revenue volatility, warrants extreme caution despite the current 0.59 P/S valuation.

EBS Growth Metrics

Emergent BioSolutions Inc. (EBS) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years4.26%
5 Years-13.98%
3 Years-12.72%
TTM-29.89%

Profit CAGR

10 Years-1.77%
5 Years-29.68%
3 Years-
TTM93.47%

EPS CAGR

10 Years-4.08%
5 Years-30.34%
3 Years-
TTM89.86%

Return on Capital

10 Years1.5%
5 Years-8.15%
3 Years-15.55%
Last Year9.13%

EBS Recent Earnings

Emergent BioSolutions Inc. (EBS) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 7/12 qtrs (58%)●Beat Revenue 7/12 qtrs (64%)
Q2 2026Latest
Apr 30, 2026
Metric
Actual
Est
EPS
$0.21+184.0%
$0.25
Rev
$156M+7.7%
$145M
Q1 2026
Feb 26, 2026
Metric
Actual
Est
EPS
$0.43-490.9%
$0.11
Rev
$149M-31.6%
$218M
Q4 2025
Oct 29, 2025
Metric
Actual
Est
EPS
$1.06+983.3%
$0.12
Rev
$231M+6.3%
$218M
Q3 2025
Aug 6, 2025
Metric
Actual
Est
EPS
$0.16+161.5%
$0.26
Rev
$141M-30.8%
$204M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 30, 2026
$0.21vs $0.25+184.0%
$156Mvs $145M+7.7%
Q1 2026Feb 26, 2026
$0.43vs $0.11-490.9%
$149Mvs $218M-31.6%
Q4 2025Oct 29, 2025
$1.06vs $0.12+983.3%
$231Mvs $218M+6.3%
Q3 2025Aug 6, 2025
$0.16vs $0.26+161.5%
$141Mvs $204M-30.8%
Based on last 12 quarters of dataView full earnings history →

Latest EBS News

Recent stock market news and headlines for Emergent BioSolutions Inc. (EBS)

Business Wire·Jun 23, 2026
BioMendics Receives FDA Fast Track Designation for BM-3103 (TolaSure® Gel™) for Epidermolysis Bullosa Simplex

AKRON, Ohio--(BUSINESS WIRE)-- #BIO2026--BioMendics, LLC, a clinical-stage biotechnology company developing innovative therapies for rare genetic skin disorders, today announced that the U.S. Food and Drug Administration (FDA) has granted Fast Track Designation to BM-3103, formulated as TolaSure® Gel™, for the treatment of Epidermolysis Bullosa Simplex (EBS). The milestone comes as the company prepares to attend the BIO International Convention 2026 in San Diego (June 22–25). The designation follows FDA r.

Peers Comparison

Key metrics vs top competitors for Emergent BioSolutions Inc. (EBS)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
EBS logoEBSEmergent BioSolutions Inc.Current
$8.29$427.73M8.91-28.81%7.08%10.46%—
SIGA logoSIGASIGA Technologies, Inc.
$3.67$263.23M11.12-31.8%21.61%10.62%—
PRGO logoPRGOPerrigo Company plc
$11.19$1.55B-1.09-2.75%-43.5%-50.65%—
BRKR logoBRKRBruker Corporation
$58.25$8.87B-388.332.08%-0.34%-0.5%—
ABCL logoABCLAbCellera Biologics Inc.
$7.69$2.35B-15.69160.56%-181.75%-14.22%—
PCRX logoPCRXPacira BioSciences, Inc.
$25.82$1.02B161.383.63%1.27%1.31%—

Compare EBS vs Peers

Emergent BioSolutions Inc. (EBS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs SIGA

Most directly comparable listed peer for EBS.

Scale Benchmark

vs JNJ

Larger-name benchmark to compare EBS against a more recognizable public peer.

Peer Set

Compare Top 5

vs SIGA, PRGO, BRKR, ABCL

EBS SEC Filings & Documents

Emergent BioSolutions Inc. (EBS) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 30, 2026·SEC

Material company update

Apr 30, 2026·SEC

Material company update

Apr 17, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 27, 2026·SEC

FY 2025

Mar 4, 2025·SEC

10-Q Quarterly Reports

6
FY 2025

Oct 30, 2025·SEC

FY 2025

Aug 7, 2025·SEC

FY 2025

May 8, 2025·SEC

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EBS Frequently Asked Questions

Emergent BioSolutions Inc. (EBS) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Emergent BioSolutions Inc.'s revenue?

Emergent BioSolutions Inc. (EBS) reported $676.8M in revenue for fiscal year 2025. This represents a 1394% increase from $45.3M in 2001.

How fast is Emergent BioSolutions Inc. growing?

Emergent BioSolutions Inc. (EBS) saw revenue decline by 28.8% over the past year.

Is EBS profitable?

Emergent BioSolutions Inc. (EBS) reported a net loss of $8.6M for fiscal year 2025.

Dividend & Returns
What is EBS's return on equity?

Emergent BioSolutions Inc. (EBS) has a return on equity (ROE) of 10.5%. This is reasonable for most industries.

What is Emergent BioSolutions Inc.'s free cash flow?

Emergent BioSolutions Inc. (EBS) generated $135.4M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in EBS back in 2001?

Total return calculator · dividends reinvested · 25+ years of data

See returns →