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Forensic Analysis · Pharmaceuticals & Biotechnology · as of Nov 9, 2026

Biogen Inc. (BIIB)

A forensic read on Biogen Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.

B · Sound & dependable
Forensic grade
Safe
Financial health
5.6
Distress distance
Clean
Earnings quality
1
Forensic signals
7.4%
ROE
2.2%
Revenue growth

This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (auditor quality, say on pay, board independence, going concern). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.

Biogen Inc. earns a B (Sound & dependable) forensic quality grade, and its balance-sheet distress test reads 5.6, placing it in the Safe zone. 1 forensic signal was flagged in its latest SEC filings, led by return on invested capital.

What the filings flag

6.7%
FY2025
Return on invested capital. Return on invested capital is 6.7% in the latest fiscal year, against 6.1% in FY2023, having run between 6.1% and 8.3% across FY2023–FY2025 with no direction held. After-tax operating profit was $1.4B in FY2023 and $1.5B in FY2025. The capital base behind it went from $22.5B in FY2023 to $22.5B in FY2025 (0%), while the revenue it carried went from $9.8B to $9.9B.

Key fundamentals

Latest Revenue$9.89B
Revenue Growth YoY+2.2%
Revenue CAGR (2yr)+0.3%
Net Margin13.1%
Free Cash Flow$2.05B
Return on Equity7.4%
Debt / Equity0.34x

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Data from SEC EDGAR public filings · metrics as of Nov 9, 2026. Forensic signals flag probability, not certainty.

See a wrong number? Report an error with the filing it should match.