Amgen Inc (AMGN) - Cash Flow Conversion Efficiency
Based on the latest financial reports, Amgen Inc (AMGN) has a cash flow conversion efficiency ratio of 0.185x as of December 2025. Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow ($1.60 Billion) by net assets ($8.66 Billion). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. See AMGN net asset quality score to measure how much of total assets are equity-financed.
Amgen Inc - Cash Flow Conversion Efficiency Trend (1988–2025)
This chart illustrates how Amgen Inc's cash flow conversion efficiency has evolved over time, based on yearly financial data. Check earnings quality score of Amgen Inc to evaluate the quality of earnings relative to operating cash generation.
Amgen Inc Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Amgen Inc ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
HERMES INTL UNSP.ADR 1/10
F:HMIA
|
N/A |
|
Toronto Dominion Bank
TO:TD
|
0.087x |
|
LOREAL ADR 1/5/EO 02
F:LORA
|
N/A |
|
Texas Instruments Incorporated
NASDAQ:TXN
|
0.139x |
|
Shopify Inc
NYSE:SHOP
|
0.041x |
|
Verizon Communications Inc
SA:VERZ34
|
0.076x |
|
Mitsubishi UFJ Financial Group Inc ADR
NYSE:MUFG
|
0.023x |
|
McDonald’s Corporation
NYSE:MCD
|
-1.876x |
Annual Cash Flow Conversion Efficiency for Amgen Inc (1988–2025)
The table below shows the annual cash flow conversion efficiency of Amgen Inc from 1988 to 2025. For the full company profile with market capitalisation and key ratios, see Amgen Inc stock valuation.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2025-12-31 | $8.66 Billion | $9.96 Billion | 1.150x | -41.17% |
| 2024-12-31 | $5.88 Billion | $11.49 Billion | 1.955x | +43.83% |
| 2023-12-31 | $6.23 Billion | $8.47 Billion | 1.359x | -48.81% |
| 2022-12-31 | $3.66 Billion | $9.72 Billion | 2.655x | +92.10% |
| 2021-12-31 | $6.70 Billion | $9.26 Billion | 1.382x | +23.90% |
| 2020-12-31 | $9.41 Billion | $10.50 Billion | 1.116x | +17.94% |
| 2019-12-31 | $9.67 Billion | $9.15 Billion | 0.946x | +4.68% |
| 2018-12-31 | $12.50 Billion | $11.30 Billion | 0.904x | +104.08% |
| 2017-12-31 | $25.24 Billion | $11.18 Billion | 0.443x | +27.77% |
| 2016-12-31 | $29.88 Billion | $10.35 Billion | 0.347x | +7.71% |
| 2015-12-31 | $28.21 Billion | $9.08 Billion | 0.322x | -3.05% |
| 2014-12-31 | $25.78 Billion | $8.55 Billion | 0.332x | +16.56% |
| 2013-12-31 | $22.10 Billion | $6.29 Billion | 0.285x | -7.74% |
| 2012-12-31 | $19.06 Billion | $5.88 Billion | 0.309x | +14.72% |
| 2011-12-31 | $19.03 Billion | $5.12 Billion | 0.269x | +11.30% |
| 2010-12-31 | $23.94 Billion | $5.79 Billion | 0.242x | -13.54% |
| 2009-12-31 | $22.67 Billion | $6.34 Billion | 0.280x | -4.84% |
| 2008-12-31 | $20.39 Billion | $5.99 Billion | 0.294x | -2.82% |
| 2007-12-31 | $17.87 Billion | $5.40 Billion | 0.302x | +6.36% |
| 2006-12-31 | $18.96 Billion | $5.39 Billion | 0.284x | +18.34% |
| 2005-12-31 | $20.45 Billion | $4.91 Billion | 0.240x | +27.99% |
| 2004-12-31 | $19.70 Billion | $3.70 Billion | 0.188x | +2.33% |
| 2003-12-31 | $19.45 Billion | $3.57 Billion | 0.183x | +49.09% |
| 2002-12-31 | $18.29 Billion | $2.25 Billion | 0.123x | -56.65% |
| 2001-12-31 | $5.22 Billion | $1.48 Billion | 0.284x | -25.11% |
| 2000-12-31 | $4.31 Billion | $1.63 Billion | 0.379x | +6.53% |
| 1999-12-31 | $3.02 Billion | $1.08 Billion | 0.356x | -12.51% |
| 1998-12-31 | $2.56 Billion | $1.04 Billion | 0.406x | -3.69% |
| 1997-12-31 | $2.14 Billion | $902.90 Million | 0.422x | -2.19% |
| 1996-12-31 | $1.91 Billion | $822.60 Million | 0.432x | -6.70% |
| 1995-12-31 | $1.67 Billion | $773.20 Million | 0.462x | +10.80% |
| 1994-12-31 | $1.27 Billion | $531.90 Million | 0.417x | +12.98% |
| 1993-12-31 | $1.17 Billion | $433.00 Million | 0.369x | +17.81% |
| 1992-12-31 | $933.70 Million | $292.80 Million | 0.314x | -24.19% |
| 1991-12-31 | $531.10 Million | $219.70 Million | 0.414x | +1119.56% |
| 1990-12-31 | $398.00 Million | $13.50 Million | 0.034x | -65.88% |
| 1989-12-31 | $188.10 Million | $18.70 Million | 0.099x | +372.80% |
| 1988-12-31 | $161.90 Million | $-5.90 Million | -0.036x | -- |
About Amgen Inc
Amgen Inc. discovers, develops, manufactures, and delivers human therapeutics worldwide. The company's principal products include Enbrel for the treatment of rheumatoid arthritis, plaque psoriasis, and psoriatic arthritis; Otezla for the treatment of adult patients with plaque psoriasis, psoriatic arthritis, and oral ulcers associated with Behçet's disease; Prolia to treat postmenopausal women wi… Read more