Company / Operating Margin
Moderna Operating Margin History
FY2018-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
-158.1%
FY2025
5-year range
-910.0% / -61.9%
FY2021-FY2025
Trend
-29.7%
vs FY2024
Sector context
#94 of 136
Health Care
What the data says
At -158.1%, Moderna's operating margin ranks #94 of 136 in the Health Care sector. Operating Margin has fluctuated over the past 8 years, ranging from -910.0% in FY2021 to -61.9% in FY2023.
Based on SEC 10-K filings.
-158.1% in FY2025 with a 5-year CAGR of -63.1%.
Declined from -61.9% to -158.1% over the past 2 years.
Health Care sector context is included.
Operating Margin over time
Growth rates
- 3-Year Change
- -63.1pp
- 5-Year Change
- -63.1pp
- 10-Year Change
- -
Sector benchmark
#94 of 136 in Health CareTop 69% of 136This company -158.1% Sector average -778.9%
▼
+79.7% above sector average
Key checks
Key Insights
- In FY2025, operating margin decreased 29.7% year-over-year.
- Currently 620.8pp above the Health Care sector average.
- Peak operating margin was recorded in FY2023.
- Lowest operating margin in the period was in FY2021.
Company context
Key Data Points
- Low Piotroski F-Score: 2/9 (multiple financial health concerns)
- Altman Z-Score 1.13 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Operating MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | -158.1% | -29.7% |
| FY2024 | -121.9% | -96.9% |
| FY2023 | -61.9% | +34.9% |
| FY2022 | -95.0% | +89.6% |
| FY2021 | -910.0% | -857.7% |
| FY2020 | -95.0% | +89.6% |
| FY2019 | -910.0% | -197.4% |
| FY2018 | -306.0% | - |
| FY2017 | - | - |
| FY2016 | - | - |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026