Company Analysis

Bristol-Myers Squibb Co. (BMY)

NYSE: BMY · Pharmaceutical Preparations · Princeton, NJ · filing with the SEC since 1994
Grade6.4
◀ Past 7.7● Present 6.6▶ Future 4.9

The grade of Bristol-Myers Squibb Co.

Nine metrics read from its own filings, by tense
Headline grade
6.4/10
◀ Past7.730% of the headline
● Present6.640% of the headline
▶ Future4.930% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

All nine metrics read as filed from the record.

◀ Past

What did they actually do?

7.7/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed
8.2/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 33% of this tense · 82nd percentile among 497 sector filers · read for itself

From the record

Bristol-Myers Squibb Co.'s filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
6.8/10

What has it actually done, year after year?

+10.6% a year over 10 filed years; profitable in 8 of 10.

weight 45% of this tense · 69th percentile among 323 sector filers · read for its customers

From the record

Bristol-Myers Squibb Co.'s 10 filed years say what it did: revenue went from $19 billion in fiscal 2016 to $48 billion in fiscal 2025, up 10.6% a year; it rose in 6 of 9 years; the deepest fall was 3% from fiscal 2021 to fiscal 2023; net income was positive in 8 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span10.6%bottom 46% of its family
  • the share of years revenue rosetop 41% of its family
  • the share of filed years with a profittop 8% of its family
  • the deepest fall from a revenue peak3.0%top 22% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
8.6/10

How has it treated the people who own it?

Share count shrank 1.7% a year. 46% of cash flow returned. Insiders: 5 sales, 0 purchases.

weight 22% of this tense · 86th percentile among 80 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Bristol-Myers Squibb Co.'s diluted share count shrank about 1.7% a year, and dividends and buybacks returned about 46% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 5 sales and 0 purchases of their own stock on the open market in the year to 2026-11-06 (their Form 4 filings).

What it rests on

  • the share count over the yearstop 6% of its family
  • cash returned against operating cash flowtop 23% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

6.6/1040% of the headline grade · 3 of 3 filed

Financial health

as filed
6.8/10

Is it financially healthy right now?

ROE 38%: 38¢ of profit per shareholder dollar. Leverage 79%: owes 79¢ per asset dollar.

weight 45% of this tense · 68th percentile among 473 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Bristol-Myers Squibb Co. earned about 38 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 38 cents per dollar of everything the company owns (revenue less the cost of revenue). Leverage: it owed about 79 cents per dollar of assets, and net share issuance: its share count grew 0.6% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 17% of its family
  • return on equitytop 3% of its family
  • gross profit against assetstop 32% of its family
  • the share count against the year beforetop 12% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
7.5/10

How strong is its position in its industry?

top 25% of 315 in its family; net margin 14.6%.

weight 33% of this tense · 75th percentile among 315 sector filers · read for its customers

From the record

Bristol-Myers Squibb Co.'s standing among 315 graded names in its industry family: revenue of $48 billion in fiscal 2025 ranks in the top 2% by size; a net margin of 14.6% ranks in the top 14%; revenue growth of 1.4% a year over the last 3 filed years ranks in the bottom 40% (its annual reports).

What it rests on

  • revenue against the family$48.19Btop 2% of its family
  • net margin14.6%top 14% of its family
  • three-year revenue growth1.4%bottom 40% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
4.8/10

What are the people in charge doing?

bottom 48% of 315 in its family for leadership; chief executive since 2023.

weight 22% of this tense · 48th percentile among 315 sector filers · read for its shareholders

From the record

Bristol-Myers Squibb Co.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Boerner, Christopher S. (Chief Executive Officer, as filed), filing under that title since 2023-11-03, 3 years (bottom 32% of its family); the 24 officers and directors filing in the last fifteen months have been on the record a median of 4.5 years (bottom 29%); 5 officer or director changes were reported on Form 8-K since 2023-11-13, against the 24 people in charge now (top 17%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge5 in three years among 24 peopletop 17% of its family
  • the median years the people in charge have filed4.5 yearsbottom 29% of its family
  • the chief executive's years on the record3.0 yearsbottom 32% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

4.9/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
4.3/10

How much room does it have to grow?

bottom 43% of 273 in its family for room to expand.

weight 45% of this tense · 43rd percentile among 273 sector filers · read for itself

From the record

Bristol-Myers Squibb Co.'s room to grow, from the newest filed statements (fiscal 2025): cash of $10 billion against debt of $45 billion leaves -38.4% of its assets as net cash, bottom 3% of its family; cash from operations less capital spending is 26.7% of revenue (top 8%); a gross margin of 71.1% (top 50%); research spending of 20.6% of revenue (bottom 26%) (its annual report).

What it rests on

  • cash less debt against assets-38.4%bottom 3% of its family
  • cash from operations less capital spending against revenue26.7%top 8% of its family
  • gross margin71.1%top 50% of its family
  • research spending against revenue20.6%bottom 26% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
4.7/10

What could actually drive growth from here?

bottom 47% of 306 in its family for growth drivers.

weight 33% of this tense · 47th percentile among 306 sector filers · read for its customers

From the record

Bristol-Myers Squibb Co.'s growth drivers, from the filed years to fiscal 2025: revenue grew 1.4% a year over the last three filed years against 10.6% over all 10, slowing (bottom 36% of its family); the newest year grew -0.2% (bottom 37%); research spending grew 1.5% a year (top 50%); capital spending grew 5.5% a year (top 33%) (its annual reports). Bristol-Myers Squibb Co. reported 14 product lines in fiscal 2025: Eliquis at $14 billion (30%), Opdivo at $10 billion (21%), Orencia at $3.7 billion (8%), and 11 more; 9 of 14 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span-9.2 points a yearbottom 36% of its family
  • the newest year's revenue growth-0.2%bottom 37% of its family
  • three-year growth of research spending1.5%top 50% of its family
  • three-year growth of capital spending5.5%top 33% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
6.4/10

Did its newest year beat what its own record pointed to?

top 36% of 233 in its family for expectations against reality.

weight 22% of this tense · 64th percentile among 233 sector filers · read for its shareholders

From the record

Bristol-Myers Squibb Co.'s newest year against its own record: revenue of $48 billion in fiscal 2025 came in 2.5% below the $49 billion its prior three years' pace pointed to (bottom 48% of its family); net income of $7.1 billion against a prior three-year average of $1.8 billion (top 4%); a net margin of 14.6% against 4.3% before (bottom 49%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-2.5%bottom 48% of its family
  • net income against the prior three years' average+292%top 4% of its family
  • net margin against its prior average+10.3 pointsbottom 49% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton BMY · research, not advice