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Amgen Inc., taken apart.

Four panels built from the reported annual accounts, then the rest of the engine. Every figure below is Amgen Inc.’s own filing, not an estimate of ours.

Income statement, four years

Read across, not down. Each line is shown for four fiscal years, so the direction matters more than any single column.

Amgen Inc. annual income statement, as reported. Columns are fiscal years, most recent first.
LineFY2025FY2024FY2023FY2022
Revenue$36.75B$33.42B$28.19B$26.32B
Cost of revenue$12.04B$12.86B$8.45B$6.41B
Gross profit$24.71B$20.57B$19.74B$19.92B
Operating expenses$15.63B$13.31B$11.84B$10.35B
Operating income$9.08B$7.26B$7.90B$9.57B
Net income$7.71B$4.09B$6.72B$6.55B
Diluted EPS14.237.5612.4912.11

Net income and earnings per share moved together (+17.7% and +17.5%), so the share count barely changed over the period.

The rest of the engine

The panels above are built from filings. These run against the live engine.