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Gilead Sciences

GILD
32
Drug Manufacturers - General · Healthcare
Also trades as: GILD.SW
Price
$146.12
+2.68 (+1.87%)
Market Cap
$181.42B
Exchange
NASDAQ
Winston Score
32
Winston is serious
Below-average fundamentals — multiple weak pillars.
Data as of Aug 23, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Mixed
Growth
Mixed
Cash Flow
Mixed
Stability
Good
Valuation
Data not available
Dividends
Good

Winston Score History

The full picture

Gilead Sciences is a biopharmaceutical company that discovers and sells medicines for serious diseases. Its biggest products treat HIV, hepatitis B, hepatitis C, and cancer. Gilead is best known for its HIV drug franchise, which includes Biktarvy — one of the most prescribed HIV treatments in the world — and for developing the first cure for hepatitis C.

Gilead makes money by selling prescription drugs to hospitals, pharmacies, and healthcare systems, primarily in the United States but also across Europe and other global markets. With a gross margin near 80%, its business is highly profitable, and its dominant position in HIV treatment creates a strong competitive moat since patients typically stay on the same regimen for years. The key growth driver going forward is its oncology pipeline, including cell therapy drugs like Yescarta and Tecartus, while the main risk is patent expiration on core HIV drugs, which could open the door to cheaper generic competition.

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Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+10.2% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

-638.2% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$5.8B/ year

Flat (-2% vs prior year)

19.7% of revenue

In line with sector average (18%)

Steady R&D investment year-over-year

Insider Activity

0.2%ownership

Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

$3.2B cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Growth + cash flow

Gilead Sciences is a rare growth stock that's already generating positive cash flow while growing at 10%. The Winston Score doesn't fully credit this transition from "burner" to "earner."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Share count broadly stable

0.6% over 4y

The share count has stayed roughly flat over this period — little dilution or buyback activity.

Diluted shares outstanding: 1.26B (2021) → 1.25B (2025)

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
79.8%
Premium pricing power — 79.8% gross margin
Profit after running costs
Operating Margin
-133.2%
Losing money on operations — -133.2%
Return on the money invested
ROCE
-10.5%
Weak — -10.5% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth
Sales YoY
+5.5%
Slow sales growth (+5.5% YoY)
Profit growth
EPS YoY
-151.4%
Earnings shrinking (-151.4% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is
EPS Consistency
6/8 quarters
Earnings grew in most of the last 8 quarters

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Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
42.6%
Converts sales into free cash efficiently (42.6%)

Free cash flow margin above 20%. Out of every $100 in sales, more than $20 is real cash they keep.

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Stability

What it owes vs what it owns
Debt / Equity
0.21
Conservative — low debt load (0.21)
Covers its interest
Interest Cover
N/A
Data not available

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Valuation

Price vs profit
P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Dividend
Dividend Yield
2.48%
Moderate income — 2.48% yield

Standard yield zone for stable dividend payers. A meaningful piece of total return.

Dividend record
Dividend Growth
+3.2%
Dividend growing modestly (3.2% YoY)

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