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Teva Pharm Financials

TEVA
Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Teva Pharm (TEVA) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 36 / 100
Financial Profile 36/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability
50

Teva Pharm has an operating margin of 12.5%, meaning the company retains $13 of operating profit per $100 of revenue. This results in a moderate score of 50/100, indicating healthy but not exceptional operating efficiency. This is up from -1.8% the prior year.

Growth
41

Teva Pharm's revenue grew a modest 4.3% year-over-year to $17.3B. This slow but positive growth earns a score of 41/100.

Leverage
17

Teva Pharm has elevated debt relative to equity (D/E of 4.15), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 17/100, reflecting increased financial risk.

Liquidity
16

Teva Pharm's current ratio of 1.04 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 16/100, which could limit financial flexibility.

Cash Flow
42

Teva Pharm has a free cash flow margin of 6.7%, earning a moderate score of 42/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns
51

Teva Pharm's ROE of 17.8% shows moderate profitability relative to equity, earning a score of 51/100. This is up from -30.5% the prior year.

Altman Z-Score Distress
0.75

Teva Pharm scores 0.75, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($33.5B) relative to total liabilities ($32.8B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Piotroski F-Score Strong
7/9

Teva Pharm passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed
1.17x

For every $1 of reported earnings, Teva Pharm generates $1.17 in operating cash flow ($1.6B OCF vs $1.4B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Adequate
2.4x

Teva Pharm earns $2.4 in operating income for every $1 of interest expense ($2.2B vs $916.0M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

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Earnings & Revenue

Revenue
$17.3B
YoY+4.3%
5Y CAGR+0.7%
10Y CAGR-1.6%

Teva Pharm generated $17.3B in revenue in fiscal year 2025. This represents an increase of 4.3% from the prior year.

EBITDA
$3.2B
YoY+317.9%
10Y CAGR-0.4%

Teva Pharm's EBITDA was $3.2B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 317.9% from the prior year.

Net Income
$1.4B
YoY+186.0%
10Y CAGR+1.1%

Teva Pharm reported $1.4B in net income in fiscal year 2025. This represents an increase of 186.0% from the prior year.

EPS (Diluted)
$1.21
YoY+183.4%
10Y CAGR-2.1%

Teva Pharm earned $1.21 per diluted share (EPS) in fiscal year 2025. This represents an increase of 183.4% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$1.1B
YoY+53.3%
5Y CAGR+12.5%
10Y CAGR-6.3%

Teva Pharm generated $1.1B in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 53.3% from the prior year.

Cash & Debt
$3.6B
YoY+7.8%
5Y CAGR+10.3%
10Y CAGR+13.1%

Teva Pharm held $3.6B in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
1.15B
YoY+1.4%
5Y CAGR+1.0%
10Y CAGR+2.0%

Teva Pharm had 1.15B shares outstanding in fiscal year 2025. This represents an increase of 1.4% from the prior year.

Margins & Returns

Gross Margin
51.8%
YoY+3.1pp
5Y CAGR+5.4pp
10Y CAGR-0.9pp

Teva Pharm's gross margin was 51.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 3.1 percentage points from the prior year.

Operating Margin
12.5%
YoY+14.3pp
5Y CAGR+33.9pp
10Y CAGR+4.4pp

Teva Pharm's operating margin was 12.5% in fiscal year 2025, reflecting core business profitability. This is up 14.3 percentage points from the prior year.

Net Margin
8.2%
YoY+18.1pp
5Y CAGR+32.1pp
10Y CAGR+1.9pp

Teva Pharm's net profit margin was 8.2% in fiscal year 2025, showing the share of revenue converted to profit. This is up 18.1 percentage points from the prior year.

Return on Equity
17.8%
YoY+48.3pp
5Y CAGR+57.6pp
10Y CAGR+12.2pp

Teva Pharm's ROE was 17.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 48.3 percentage points from the prior year.

Capital Allocation

R&D Spending
$1.0B
YoY+1.5%
5Y CAGR+0.3%
10Y CAGR+70.1%

Teva Pharm invested $1.0B in research and development in fiscal year 2025. This represents an increase of 1.5% from the prior year.

Share Buybacks
N/A
Capital Expenditures
$501.0M
YoY+0.6%
5Y CAGR-2.8%
10Y CAGR-7.0%

Teva Pharm invested $501.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 0.6% from the prior year.

TEVA Income Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Revenue $1.5B-66.5% $4.5B+7.3% $4.2B+7.3% $3.9B-8.0% $4.2B-2.4% $4.3B+4.0% $4.2B+9.0% $3.8B
Cost of Revenue N/A $2.2B+4.9% $2.1B+3.0% $2.0B-4.5% $2.1B-3.3% $2.2B+2.0% $2.1B+4.5% $2.0B
Gross Profit N/A $2.3B+9.6% $2.1B+12.0% $1.9B-11.5% $2.1B-1.3% $2.1B+6.1% $2.0B+14.3% $1.8B
R&D Expenses N/A $256.0M+4.9% $244.0M-1.2% $247.0M0.0% $247.0M+2.9% $240.0M-10.8% $269.0M+11.2% $242.0M
SG&A Expenses N/A $317.0M+3.9% $305.0M+2.7% $297.0M-1.7% $302.0M+1.3% $298.0M+5.3% $283.0M+1.8% $278.0M
Operating Income N/A $882.0M+93.8% $455.0M-12.3% $519.0M+1889.7% -$29.0M+43.1% -$51.0M-920.0% -$5.0M+97.7% -$218.0M
Interest Expense N/A N/A N/A N/A N/A N/A N/A N/A
Income Tax N/A $214.0M+374.4% -$78.0M-205.4% $74.0M+155.2% $29.0M-58.0% $69.0M-89.0% $630.0M+1311.5% -$52.0M
Net Income N/A $433.0M+53.5% $282.0M+31.8% $214.0M+198.6% -$217.0M+50.3% -$437.0M+48.3% -$846.0M-508.6% -$139.0M
EPS (Diluted) N/A $0.37+54.2% $0.24+33.3% $0.18 N/A $-0.39+48.0% $-0.75-525.0% $-0.12

TEVA Balance Sheet

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Total Assets $40.7B+2.2% $39.9B-0.7% $40.1B+4.5% $38.4B-2.3% $39.3B-5.8% $41.8B+1.0% $41.3B-3.4% $42.8B
Current Assets $13.9B+9.5% $12.7B+0.9% $12.6B+9.5% $11.5B-8.2% $12.6B+1.9% $12.3B+5.9% $11.6B-5.4% $12.3B
Cash & Equivalents $3.6B+61.4% $2.2B+1.9% $2.2B+27.3% $1.7B-48.6% $3.3B-0.6% $3.3B+47.0% $2.3B-24.5% $3.0B
Inventory $3.2B-4.3% $3.3B-5.0% $3.5B+7.7% $3.2B+8.0% $3.0B-24.0% $4.0B+0.8% $3.9B-0.6% $3.9B
Accounts Receivable $3.7B-2.7% $3.8B+6.9% $3.6B+5.3% $3.4B+10.6% $3.1B-11.6% $3.5B-8.1% $3.8B+9.0% $3.5B
Goodwill $16.0B+0.3% $15.9B0.0% $15.9B+3.0% $15.5B+2.2% $15.1B-6.1% $16.1B-2.2% $16.5B-3.1% $17.0B
Total Liabilities $32.8B+0.7% $32.6B-2.1% $33.3B+3.6% $32.1B-4.3% $33.6B-5.0% $35.4B+1.7% $34.8B-1.3% $35.2B
Current Liabilities $13.5B+17.1% $11.5B-3.1% $11.9B+6.3% $11.2B-12.8% $12.8B-7.3% $13.8B+5.8% $13.0B-5.5% $13.8B
Long-Term Debt N/A N/A N/A N/A N/A N/A N/A N/A
Total Equity $7.9B+9.1% $7.3B+6.2% $6.8B+9.0% $6.3B+16.5% $5.4B-11.4% $6.1B-4.6% $6.4B-12.6% $7.3B
Retained Earnings -$13.8B+3.4% -$14.2B+3.0% -$14.7B+1.9% -$15.0B+1.4% -$15.2B-1.5% -$15.0B-3.0% -$14.5B-6.2% -$13.7B

TEVA Cash Flow Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Operating Cash Flow $1.2B+213.8% $369.0M+62.6% $227.0M+316.2% -$105.0M-118.3% $575.0M-17.0% $693.0M+572.8% $103.0M+183.1% -$124.0M
Capital Expenditures $142.0M+4.4% $136.0M+41.7% $96.0M-24.4% $127.0M-1.6% $129.0M-12.8% $148.0M+52.6% $97.0M-21.8% $124.0M
Free Cash Flow $1.0B+336.1% $233.0M+77.9% $131.0M+156.5% -$232.0M-152.0% $446.0M-18.2% $545.0M+8983.3% $6.0M+102.4% -$248.0M
Investing Cash Flow $165.0M+22.2% $135.0M-42.8% $236.0M+17.4% $201.0M-0.5% $202.0M-24.6% $268.0M+50.6% $178.0M+23.6% $144.0M
Financing Cash Flow $40.0M+108.8% -$453.0M-7650.0% $6.0M+100.3% -$1.7B-158.8% -$674.0M $0+100.0% -$966.0M-539.7% -$151.0M
Dividends Paid N/A N/A N/A N/A N/A N/A N/A N/A
Share Buybacks N/A N/A N/A N/A N/A N/A N/A N/A

TEVA Financial Ratios

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Gross Margin N/A 51.4%+1.1pp 50.3%+2.1pp 48.2%-1.9pp 50.1%+0.6pp 49.6%+1.0pp 48.6%+2.2pp 46.4%
Operating Margin N/A 19.7%+8.8pp 10.9%-2.4pp 13.3%+14.0pp -0.7%+0.5pp -1.2%-1.1pp -0.1%+5.6pp -5.7%
Net Margin N/A 9.7%+2.9pp 6.8%+1.3pp 5.5%+10.6pp -5.1%+5.0pp -10.1%+10.2pp -20.3%-16.7pp -3.6%
Return on Equity N/A 6.0%+1.8pp 4.1%+0.7pp 3.4%+7.5pp -4.0%+3.2pp -7.2%+6.1pp -13.3%-11.4pp -1.9%
Return on Assets N/A 1.1%+0.4pp 0.7%+0.1pp 0.6%+1.1pp -0.5%+0.5pp -1.1%+1.0pp -2.1%-1.7pp -0.3%
Current Ratio 1.04-0.1 1.11+0.0 1.06+0.0 1.03+0.1 0.98+0.1 0.890.0 0.890.0 0.89
Debt-to-Equity 4.15-0.3 4.50-0.4 4.88-0.3 5.13-1.1 6.25+0.4 5.83+0.4 5.47+0.6 4.84
FCF Margin 67.7%+62.5pp 5.2%+2.1pp 3.1%+9.1pp -6.0%-16.5pp 10.5%-2.0pp 12.6%+12.4pp 0.1%+6.6pp -6.5%

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Frequently Asked Questions

Teva Pharm (TEVA) reported $17.3B in total revenue for fiscal year 2025. This represents a 4.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Teva Pharm (TEVA) revenue grew by 4.3% year-over-year, from $16.5B to $17.3B in fiscal year 2025.

Yes, Teva Pharm (TEVA) reported a net income of $1.4B in fiscal year 2025, with a net profit margin of 8.2%.

Teva Pharm (TEVA) reported diluted earnings per share of $1.21 for fiscal year 2025. This represents a 183.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Teva Pharm (TEVA) had EBITDA of $3.2B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

Teva Pharm (TEVA) had a gross margin of 51.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Teva Pharm (TEVA) had an operating margin of 12.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Teva Pharm (TEVA) had a net profit margin of 8.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Teva Pharm (TEVA) has a return on equity of 17.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Teva Pharm (TEVA) generated $1.1B in free cash flow during fiscal year 2025. This represents a 53.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Teva Pharm (TEVA) generated $1.6B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Teva Pharm (TEVA) had $40.7B in total assets as of fiscal year 2025, including both current and long-term assets.

Teva Pharm (TEVA) invested $501.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Teva Pharm (TEVA) invested $1.0B in research and development during fiscal year 2025.

Teva Pharm (TEVA) had 1.15B shares outstanding as of fiscal year 2025.

Teva Pharm (TEVA) had a current ratio of 1.04 as of fiscal year 2025, which is considered adequate.

Teva Pharm (TEVA) had a debt-to-equity ratio of 4.15 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Teva Pharm (TEVA) had a return on assets of 3.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Teva Pharm (TEVA) has an Altman Z-Score of 0.75, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

Teva Pharm (TEVA) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Teva Pharm (TEVA) has an earnings quality ratio of 1.17x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Teva Pharm (TEVA) has an interest coverage ratio of 2.4x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

Teva Pharm (TEVA) scores 36 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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