BioNTech vs United Therapeutics
BioNTech reported revenue of €2.9 billion in fiscal 2025, and United Therapeutics $3.2 billion in fiscal 2025, in different currencies. BioNTech's revenue grew 4.3% in its latest year, and United Therapeutics' grew 10.6%. BioNTech had an operating margin of -49.0%, against 46.9% at United Therapeutics. Free cash flow was €281 million at BioNTech and $1.0 billion at United Therapeutics.
Side by side
| BioNTech | United Therapeutics | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | €2.9B | $3.2B |
| Revenue growth | 4.3% | 10.6% |
| Revenue growth a year, last 5 years | 42.9% | 16.5% |
| Gross margin | 77.6% | 87.9% |
| Operating margin | −49.0% | 46.9% |
| Net margin | −39.6% | 41.9% |
| Free cash flow | €281M | $1.0B |
| Free cash flow margin | 9.8% | 32.7% |
| Return on capital | — | — |
| Net debt to EBITDA | — | — |
| Dividends and buybacks | €0M | $1.0B |
| Change in diluted share count | 0.5% | −1.2% |
| Last close | $86.86 | $592.84 |
| P/E at the last close | — | 21.2× |
| Insider trades, last 12 months | sold $69.2 million | bought $863,940, sold $1.4 billion |
| Piotroski F-score | — | — |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
In each company's own currency, fiscal years
BioNTechUnited Therapeutics
Operating margin
Percent of revenue
BioNTechUnited Therapeutics
Free cash flow
In each company's own currency. Cash from operations minus capital expenditure.
BioNTechUnited Therapeutics
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the BioNTech and United Therapeutics pages.