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VRTXVertex Pharmaceuticals Incorporated
$522.25$132.8B
Overview & Verdict
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VRTX logoVertex Pharmaceuticals Incorporated(VRTX)Earnings, Financials & Key Ratios

VRTX•NASDAQ
$522.25
34.1× P/E·Price updated Jul 7, 2026
SectorHealthcareIndustryBiotechnologySub-IndustryCommercial Rare Disease Biopharma
AboutVertex Pharmaceuticals Incorporated, a biotechnology company, engages in developing and commercializing therapies for treating cystic fibrosis. The company markets SYMDEKO/SYMKEVI, ORKAMBI, and KALYDECO to treat patients with cystic fibrosis who have specific mutations in their cystic fibrosis transmembrane conductance regulator gene; and TRIKAFTA for the treatment of patients with CF 6 years of age or older who have at least one F508del mutation. Its pipeline includes VX-864 for the treatment of AAT deficiency, which is in Phase 2 clinical trial; VX-147 for the treatment of APOL1-mediated focal segmental glomerulosclerosis, or FSGS, and other serious kidney diseases which is in Phase 2 clinical trial; VX- 880, treatment for Type 1 Diabetes which is in Phase 1/2 clinical trial; VX-548, a NaV1.8 inhibitor for treatments of acute, neuropathic, musculoskeletal pain which is in Phase 2 clinical trial; and CTX001 for the treatment severe SCD and TDT which is in Phase 3 clinical trial. The company sells its products primarily to specialty pharmacy and specialty distributors in the United States, as well as specialty distributors and retail chains, and hospitals and clinics internationally. It has collaborations with Affinia Therapeutics, Inc.; Arbor Biotechnologies, Inc.; CRISPR Therapeutics AG.; Kymera Therapeutics, Inc.; Mammoth Biosciences, Inc.; Moderna, Inc.; Obsidian Therapeutics, Inc.; and Skyhawk Therapeutics, Inc.; as well as Ribometrix, Inc.; Genomics plc; Merck KGaA; Darmstadt, Germany, and X-Chem, Inc. Vertex Pharmaceuticals Incorporated was founded in 1989 and is headquartered in Boston, Massachusetts.Show more
  • Revenue$12.07B+9.6%
  • EBITDA$4.97B+18431.7%
  • Net Income$3.95B+838.1%
  • EPS (Diluted)15.32+836.5%
  • Gross Margin85.03%-1.3%
  • EBITDA Margin41.14%+16831.8%
  • Operating Margin39.43%+1965.6%
  • Net Margin32.74%+773.6%
  • ROE22.54%+815.3%

VRTX Price & Volume

Vertex Pharmaceuticals Incorporated (VRTX) stock price & volume — 10-year historical chart

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Vertex Maintains Dominant Cystic Fibrosis Market Leadership

Investment Thesis • Updated 2026Q1

VerdictPositive
Growth:Stable
Profitability:Strong
Financial:Fortress
Cash Flow:Robust
Primary Risk:IRA pricing negotiation exposure

Key Thesis Takeaways

  • Vertex Pharmaceuticals leverages its highly profitable cystic fibrosis franchise to fund a complex, multi-therapeutic pipeline, maintaining a fortress balance sheet with $5.5 billion in cash as of 2026Q1.
  • While the firm demonstrates robust gross margins consistently exceeding 85%, investors should monitor the volatility in earnings caused by lumpy R&D investments, such as the $5.4 billion charge in 2024Q2.
  • The company's strategic shift toward diversification remains the primary long-term growth driver, though IRA pricing negotiations warrant caution regarding future margin sustainability.

Verdict Logic

the company's ability to generate $1.3 billion in free cash flow during 2026Q1 while maintaining a 3.02 current ratio provides a strong foundation for ongoing pipeline expansion.

VRTX Growth Metrics

Vertex Pharmaceuticals Incorporated (VRTX) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years27.88%
5 Years14.24%
3 Years10.58%
TTM10.41%

Profit CAGR

10 Years-
5 Years7.83%
3 Years5.97%
TTM538.7%

EPS CAGR

10 Years-
5 Years8.29%
3 Years6.12%
TTM530.1%

Return on Capital

10 Years17.8%
5 Years20.51%
3 Years14.67%
Last Year23.08%

VRTX Recent Earnings

Vertex Pharmaceuticals Incorporated (VRTX) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 8/12 qtrs (67%)
Q2 2026Latest
May 4, 2026
Metric
Actual
Est
EPS
$4.47+5.4%
$4.24
Rev
$3.0B-0.2%
$3.0B
Q1 2026
Feb 12, 2026
Metric
Actual
Est
EPS
$5.03-1.6%
$5.11
Rev
$3.2B+0.2%
$3.2B
Q4 2025
Nov 3, 2025
Metric
Actual
Est
EPS
$4.80+5.0%
$4.57
Rev
$3.1B+0.6%
$3.1B
Q3 2025
Aug 4, 2025
Metric
Actual
Est
EPS
$4.52+5.4%
$4.29
Rev
$3.0B+2.0%
$2.9B
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 4, 2026
$4.47vs $4.24+5.4%
$3.0Bvs $3.0B-0.2%
Q1 2026Feb 12, 2026
$5.03vs $5.11-1.6%
$3.2Bvs $3.2B+0.2%
Q4 2025Nov 3, 2025
$4.80vs $4.57+5.0%
$3.1Bvs $3.1B+0.6%
Q3 2025Aug 4, 2025
$4.52vs $4.29+5.4%
$3.0Bvs $2.9B+2.0%
Based on last 12 quarters of dataView full earnings history →

Latest VRTX News

Recent stock market news and headlines for Vertex Pharmaceuticals Incorporated (VRTX)

Business Wire·14h ago
Vertex to Announce Second Quarter 2026 Financial Results on August 3rd

BOSTON--(BUSINESS WIRE)--Vertex Pharmaceuticals Incorporated (Nasdaq: VRTX) will report its second quarter 2026 financial results on Monday, August 3, 2026, after the financial markets close. The company will host a conference call and webcast at 4:30 p.m. ET. To access the call, please dial (833) 630-2124 (U.S.) or +1 (412) 317-0651 (International) and reference the “Vertex Pharmaceuticals Second Quarter 2026 Earnings Call.” The conference call will be webcast live and a link to the webcast ca.

24/7 Wall Street·18h ago
Jim Cramer Calls Biotech “The Hottest Group in the Market” as He Predicts “Deals Are Going to Be Flooding the Market”

On CNBC's Mad Dash segment on Monday, July 6, 2026, Jim Cramer made one of his most bullish biotech calls in years, arguing that the sector could be entering a new wave of mergers and acquisitions as the regulatory environment becomes more favorable for dealmaking.

Invezz·21h ago
Crinetics shares surge after Vertex agrees to $10B cash buyout

Crinetics Pharmaceuticals shares surged after Vertex Pharmaceuticals announced an agreement to acquire the endocrinology-focused biotech company in a deal valued at approximately $10 billion. The all-cash transaction values Crinetics at $85 per share and is expected to close during the current quarter, subject to customary conditions.

Benzinga·22h ago
Vertex Sees Over $5 Billion Peak Sales Potential From Crinetics Assets

Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX) on Monday agreed to acquire Crinetics Pharmaceuticals Inc. (NASDAQ:CRNX) for $85 per share in cash, a total equity value of approximately $10 billion ($8.8 billion net of cash).

Zacks Investment Research·5 days ago
Vertex Gets FDA Nod for Expanded Use of Casgevy in SCD & TDT

VRTX gets FDA approval to expand Casgevy use in patients aged two and older with SCD or TDT, a first for genetic therapies in both inherited blood disorders.

Peers Comparison

Key metrics vs top competitors for Vertex Pharmaceuticals Incorporated (VRTX)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
VRTX logoVRTXVertex Pharmaceuticals IncorporatedCurrent
$522.25$132.84B34.099.57%32.74%22.54%—
REGN logoREGNRegeneron Pharmaceuticals, Inc.
$676.23$70.26B16.300.99%29.65%14.32%—
ALNY logoALNYAlnylam Pharmaceuticals, Inc.
$321.59$42.91B138.0265.19%13.46%98.29%—
BMRN logoBMRNBioMarin Pharmaceutical Inc.
$60.35$11.61B33.5312.87%8.29%4.41%—
SRPT logoSRPTSarepta Therapeutics, Inc.
$19.79$2.09B-2.7815.58%2.98%4.89%—
RARE logoRAREUltragenyx Pharmaceutical Inc.
$35.87$3.53B-6.1520.13%-91.03%——

Compare VRTX vs Peers

Vertex Pharmaceuticals Incorporated (VRTX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs REGN

Most directly comparable listed peer for VRTX.

Scale Benchmark

vs ABBV

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

Peer Set

Compare Top 5

vs REGN, ALNY, BMRN, SRPT

VRTX SEC Filings & Documents

Vertex Pharmaceuticals Incorporated (VRTX) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 4, 2026·SEC

Material company update

Apr 29, 2026·SEC

Material company update

Mar 31, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 13, 2026·SEC

FY 2025

Feb 13, 2025·SEC

10-Q Quarterly Reports

5
FY 2026

May 5, 2026·SEC

FY 2025

Nov 4, 2025·SEC

FY 2025

Aug 5, 2025·SEC

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VRTX Frequently Asked Questions

Vertex Pharmaceuticals Incorporated (VRTX) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Vertex Pharmaceuticals Incorporated's revenue?

Vertex Pharmaceuticals Incorporated (VRTX) reported $12.26B in revenue for fiscal year 2025. This represents a 92044% increase from $13.3M in 1996.

How fast is Vertex Pharmaceuticals Incorporated growing?

Vertex Pharmaceuticals Incorporated (VRTX) grew revenue by 9.6% over the past year. This is steady growth.

Is VRTX profitable?

Yes, Vertex Pharmaceuticals Incorporated (VRTX) is profitable, generating $4.34B in net income for fiscal year 2025 (32.7% net margin).

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

Vertex Pharmaceuticals Incorporated (VRTX) has a return on equity (ROE) of 22.5%. This is excellent, indicating efficient use of shareholder capital.

What is Vertex Pharmaceuticals Incorporated's free cash flow?

Vertex Pharmaceuticals Incorporated (VRTX) generated $3.71B 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 VRTX back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →