# AMGN · Amgen Inc

Snapshot 2026-10-26 · CIK 0000318154 · Nasdaq · Biological Products, (No Diagnostic Substances)

Price 439.26 (2026-10-23, Alpaca Market Data (consolidated SIP daily bar)) · Market cap 237.48 B

Machine-readable: https://theclaudetrader.com/s/AMGN.json · index: https://theclaudetrader.com/llms.txt

## Scores

### Graham Defensive: 46.5 (ok) · complete: True · missing tests: none · current inputs as of 2025-12-31 · stale inputs: Revenue · history 2014–2025 · price 2026-10-23 · verification {'verified': 11, 'mismatch': 0, 'unverified': 21, 'not_cross_checked': 2} · computed 2026-10-26 · rules https://theclaudetrader.com/p/graham
- 1 Adequate size: 36.75 revenue $B · threshold >= 1 · points 5.0/5
- 2a Current ratio: 1.37  · threshold >= 2.0 · points 5.6/15
- 2b Long-term debt vs working capital: 5.48 LTD / WC · threshold <= 1.0 · points 0.0/15
- 3 Positive earnings each of 10 years: 10 of 10  · threshold 10 of 10 · points 15.0/15
- 4 Dividends every year for 20 years: 15 of 20  · threshold 20 of 20 · points 11.25/15
- 5 EPS growth, 3-yr avg now vs 10 yrs ago: 8.67 -> 11.43 (+32%)  · threshold >= +33% · points 9.6/10
- 6 P/E on 3-year average EPS: 38.4  · threshold <= 15 · points 0.0/15
- 7 P/B <= 1.5, or P/E x P/B <= 22.5: P/B 20.32, product 781.1  · threshold <= 1.5 or <= 22.5 · points 0.0/10

Inputs:
  - Price (close, per traded unit): 439.26 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1
  - Revenue: 36751000000.0 · 2025-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/318154/000031815426000010/ · unverified
  - current_assets: 34961000000.0 · 2026-06-30 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/318154/000031815426000126/ · unverified
  - current_liabilities: 25502000000.0 · 2026-06-30 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/318154/000031815426000126/ · unverified
  - lt_debt: 51859000000.0 · 2026-06-30 · SEC XBRL LongTermDebtNoncurrent · https://www.sec.gov/Archives/edgar/data/318154/000031815426000126/ · unverified
  - equity: 11688000000.0 · 2026-06-30 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/318154/000031815426000126/ · unverified
  - Net income FY2016: 7722000000.0 · 2016-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/318154/000031815419000008/ · unverified
  - Net income FY2017: 1979000000.0 · 2017-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/318154/000031815420000017/ · unverified
  - Net income FY2018: 8394000000.0 · 2018-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/318154/000031815421000010/ · unverified
  - Net income FY2019: 7842000000.0 · 2019-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/318154/000031815422000010/ · unverified
  - Net income FY2020: 7264000000.0 · 2020-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/318154/000031815423000017/ · unverified
  - Net income FY2021: 5893000000.0 · 2021-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001193125-26-145588) · https://www.sec.gov/Archives/edgar/data/318154/000031815424000011/ · unverified
  - Net income FY2022: 6552000000.0 · 2022-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001193125-26-145588) · https://www.sec.gov/Archives/edgar/data/318154/000031815425000010/ · unverified
  - Net income FY2023: 6717000000.0 · 2023-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001193125-26-145588) · https://www.sec.gov/Archives/edgar/data/318154/000031815426000010/ · unverified
  - Net income FY2024: 4090000000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001193125-26-145588) · https://www.sec.gov/Archives/edgar/data/318154/000031815426000010/ · unverified
  - Net income FY2025: 7711000000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001193125-26-145588) · https://www.sec.gov/Archives/edgar/data/318154/000031815426000010/ · unverified
  - Dividend years (Yahoo): [2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023, 2024, 2025, 2026] ·  · Yahoo Finance dividend history · https://finance.yahoo.com/quote/AMGN/history?filter=div · verified (partly: XBRL covers 10 of 20 years)
  - Dividends per share FY2016 (XBRL): 4.15 · 2016-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/318154/000031815419000008/ · verified
  - Dividends per share FY2017 (XBRL): 4.77 · 2017-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/318154/000031815420000017/ · verified
  - Dividends per share FY2018 (XBRL): 5.41 · 2018-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/318154/000031815421000010/ · verified
  - Dividends per share FY2019 (XBRL): 5.95 · 2019-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/318154/000031815422000010/ · verified
  - Dividends per share FY2020 (XBRL): 6.56 · 2020-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/318154/000031815423000017/ · verified
  - Dividends per share FY2021 (XBRL): 7.22 · 2021-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/318154/000031815424000011/ · verified
  - Dividends per share FY2022 (XBRL): 7.95 · 2022-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/318154/000031815425000010/ · verified
  - Dividends per share FY2023 (XBRL): 8.64 · 2023-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/318154/000031815426000010/ · verified
  - Dividends per share FY2024 (XBRL): 9.13 · 2024-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/318154/000031815426000010/ · verified
  - Dividends per share FY2025 (XBRL): 9.66 · 2025-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/318154/000031815426000010/ · verified
  - EPS diluted FY2014: 6.7 · 2014-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/318154/000031815417000004/ · unverified
  - EPS diluted FY2015: 9.06 · 2015-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/318154/000031815418000004/ · unverified
  - EPS diluted FY2016: 10.24 · 2016-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/318154/000031815419000008/ · unverified
  - EPS diluted FY2023: 12.49 · 2023-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/318154/000031815426000010/ · unverified
  - EPS diluted FY2024: 7.56 · 2024-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/318154/000031815426000010/ · unverified
  - EPS diluted FY2025: 14.23 · 2025-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/318154/000031815426000010/ · unverified
  - Shares outstanding: 540632005.0 · 2026-07-30 · SEC cover page 10-Q 0000318154-26-000126 (540,632,005 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/318154/000031815426000126/amgn-20260630.htm · https://www.sec.gov/Archives/edgar/data/318154/000031815426000126/R1.htm

### Magic Formula: 54.5 (ok) · complete: True · missing tests: none · current inputs as of 2025-12-31 · stale inputs: operating_income_q, debt_short · history None–None · price 2026-10-23 · verification None · computed 2026-10-26 · rules https://theclaudetrader.com/p/magic_formula
-  Earnings yield (EBIT/EV): 4.07 % · threshold  · points /
-  Return on capital (EBIT/(NWC+PPE)): 63.46 % · threshold  · points /
-  Combined rank: 173  · threshold  · points /

Inputs:
  - operating_income: 9080000000.0 · 2025-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/318154/000031815426000010/
  - operating_income_q: 2666000000.0 · 2026-03-31 · SEC XBRL OperatingIncomeLoss (quarter CY2026Q1) · https://www.sec.gov/Archives/edgar/data/318154/000031815426000057/
  - operating_income_q: 1178000000.0 · 2025-03-31 · SEC XBRL OperatingIncomeLoss (quarter CY2025Q1) · https://www.sec.gov/Archives/edgar/data/318154/000031815426000057/
  - operating_income_q: 3514000000.0 · 2026-06-30 · SEC XBRL OperatingIncomeLoss (quarter CY2026Q2) · https://www.sec.gov/Archives/edgar/data/318154/000031815426000126/
  - operating_income_q: 2656000000.0 · 2025-06-30 · SEC XBRL OperatingIncomeLoss (quarter CY2025Q2) · https://www.sec.gov/Archives/edgar/data/318154/000031815426000126/
  - current_assets: 34961000000.0 · 2026-06-30 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/318154/000031815426000126/
  - current_liabilities: 25502000000.0 · 2026-06-30 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/318154/000031815426000126/
  - cash: 13989000000.0 · 2026-06-30 · SEC XBRL CashAndCashEquivalentsAtCarryingValue · https://www.sec.gov/Archives/edgar/data/318154/000031815426000126/
  - ppe_net: 8547000000.0 · 2026-06-30 · SEC XBRL PropertyPlantAndEquipmentNet · https://www.sec.gov/Archives/edgar/data/318154/000031815426000126/
  - debt_incl_current: 57304000000.0 · 2026-06-30 · SEC XBRL LongTermDebt · https://www.sec.gov/Archives/edgar/data/318154/000031815426000126/
  - debt_short: 0.0 · 2025-12-31 · SEC XBRL CommercialPaper · https://www.sec.gov/Archives/edgar/data/318154/000031815426000010/
  - shares_out: 540632005.0 · 2026-07-30 · SEC cover page 10-Q 0000318154-26-000126 (540,632,005 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/318154/000031815426000126/amgn-20260630.htm · https://www.sec.gov/Archives/edgar/data/318154/000031815426000126/R1.htm
  - Price (close): 439.26 · 2026-10-23 · Yahoo Finance / Alpaca Market Data · 
  - note: debt = LongTermDebt (incl. current maturities) + short-term borrowings ·  ·  · 

### Momentum: 79.4 (ok) · complete: True · missing tests: none · current inputs as of 2026-10-23 · stale inputs: none · history None–None · price 2026-10-23 · verification None · computed 2026-10-26 · rules https://theclaudetrader.com/p/momentum
-  12-1 month return: 42.5 % · threshold  · points 43.0/50
-  6 month return: 27.7 % · threshold  · points 17.3/20
-  Price / 52-week high: 0.982  · threshold  · points 14.7/15
-  Volatility penalty (60d annualised): 35.1 % · threshold  · points 4.4/15

Inputs:
  - Adjusted close series (14 months): 439.26 · 2026-10-23 · Yahoo Finance / Alpaca Market Data daily history · 

### Insider: 0.0 (ok) · complete: True · missing tests: none · current inputs as of 2026-10-23 · stale inputs: none · history None–None · price None · verification None · computed 2026-10-26 · rules https://theclaudetrader.com/p/insider
-  Open-market buy value / market cap (percentile among buyers): 0.0 bp · threshold  · points 0.0/35
-  Distinct buyers: 0  · threshold  · points 0.0/25
-  Buyer seniority: 0.0  · threshold  · points 0.0/20
-  Recency (half-life 30d): 0.0  · threshold  · points 0.0/10
-  Sales penalty (excludes 10b5-1 plan sales): 0.17 bp · threshold  · points -3.5/0

Inputs:
  - Form 4 S Khosla Rachna 2026-08-13: 521370.36 · 2026-08-13 · SEC Form 4 (insider transactions data set) · https://www.sec.gov/Archives/edgar/data/318154/000031815426000137/
  - Form 4 S Khosla Rachna 2026-08-11: 825140.0 · 2026-08-11 · SEC Form 4 (insider transactions data set) · https://www.sec.gov/Archives/edgar/data/318154/000031815426000137/
  - Form 4 S Grygiel Nancy A. 2026-08-06: 792255.2000000001 · 2026-08-06 · SEC Form 4 (insider transactions data set) · https://www.sec.gov/Archives/edgar/data/318154/000031815426000129/
  - Form 4 S Grygiel Nancy A. 2026-08-06: 402160.0 · 2026-08-06 · SEC Form 4 (insider transactions data set) · https://www.sec.gov/Archives/edgar/data/318154/000031815426000129/
  - Form 4 S Miller Derek 2026-08-06: 733025.3400000001 · 2026-08-06 · SEC Form 4 (insider transactions data set) · https://www.sec.gov/Archives/edgar/data/318154/000031815426000130/
  - Form 4 S Miller Derek 2026-08-06: 832855.26 · 2026-08-06 · SEC Form 4 (insider transactions data set) · https://www.sec.gov/Archives/edgar/data/318154/000031815426000130/

### Buffett Quality: 62.7 (ok) · complete: True · missing tests: none · current inputs as of 2025-12-31 · stale inputs: debt_short · history 2016–2025 · price 2026-10-23 · verification {'verified': 0, 'mismatch': 0, 'unverified': 48, 'not_cross_checked': 2} · computed 2026-10-26 · rules https://theclaudetrader.com/p/buffett
- 1 Average return on equity (net income / year-end equity): 94.8% over 8 yrs  · threshold >= 15% · points 25.0/25
- 2 Profitable every year: 10 of 10  · threshold all years · points 15.0/15
- 3 Net income growth, 3-yr average now vs start of window: +0.3% a year  · threshold >= +10% · points 0.3/10
- 4 Borrowings / 3-yr average earnings (years to repay): 9.3 years · threshold <= 4 · points 0.0/15
- 5 Operating margin, 5-yr average: 28.0%  · threshold >= 20% · points 10.0/10
- 6 Free cash flow / net income, 5-yr (operating cash flow minus capex): 1.39  · threshold >= 1.0 · points 10.0/10
- 7 Owner-earnings yield (3-yr avg free cash flow / market cap): 3.6%  · threshold >= 7% · points 2.4/15

Inputs:
  - Price (close, per traded unit): 439.26 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1
  - Net income FY2018: 8394000000.0 · 2018-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/318154/000031815421000010/ · unverified
  - Equity at FY2018 end: 12500000000.0 · 2018-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/318154/000031815422000010/ · unverified
  - Net income FY2019: 7842000000.0 · 2019-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/318154/000031815422000010/ · unverified
  - Equity at FY2019 end: 9673000000.0 · 2019-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/318154/000031815423000017/ · unverified
  - Net income FY2020: 7264000000.0 · 2020-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/318154/000031815423000017/ · unverified
  - Equity at FY2020 end: 9409000000.0 · 2020-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/318154/000031815424000011/ · unverified
  - Net income FY2021: 5893000000.0 · 2021-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001193125-26-145588) · https://www.sec.gov/Archives/edgar/data/318154/000031815424000011/ · unverified
  - Equity at FY2021 end: 6700000000.0 · 2021-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/318154/000031815425000010/ · unverified
  - Net income FY2022: 6552000000.0 · 2022-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001193125-26-145588) · https://www.sec.gov/Archives/edgar/data/318154/000031815425000010/ · unverified
  - Equity at FY2022 end: 3661000000.0 · 2022-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/318154/000031815426000010/ · unverified
  - Net income FY2023: 6717000000.0 · 2023-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001193125-26-145588) · https://www.sec.gov/Archives/edgar/data/318154/000031815426000010/ · unverified
  - Equity at FY2023 end: 6232000000.0 · 2023-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/318154/000031815426000010/ · unverified
  - Net income FY2024: 4090000000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001193125-26-145588) · https://www.sec.gov/Archives/edgar/data/318154/000031815426000010/ · unverified
  - Equity at FY2024 end: 5877000000.0 · 2024-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/318154/000031815426000126/ · unverified
  - Net income FY2025: 7711000000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001193125-26-145588) · https://www.sec.gov/Archives/edgar/data/318154/000031815426000010/ · unverified
  - Equity at FY2025 end: 8658000000.0 · 2025-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/318154/000031815426000126/ · unverified
  - Net income FY2016: 7722000000.0 · 2016-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/318154/000031815419000008/ · unverified
  - Net income FY2017: 1979000000.0 · 2017-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/318154/000031815420000017/ · unverified
  - Net income FY2018: 8394000000.0 · 2018-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/318154/000031815421000010/ · unverified
  - Net income FY2019: 7842000000.0 · 2019-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/318154/000031815422000010/ · unverified
  - Net income FY2020: 7264000000.0 · 2020-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/318154/000031815423000017/ · unverified
  - Net income FY2021: 5893000000.0 · 2021-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001193125-26-145588) · https://www.sec.gov/Archives/edgar/data/318154/000031815424000011/ · unverified
  - Net income FY2022: 6552000000.0 · 2022-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001193125-26-145588) · https://www.sec.gov/Archives/edgar/data/318154/000031815425000010/ · unverified
  - Net income FY2023: 6717000000.0 · 2023-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001193125-26-145588) · https://www.sec.gov/Archives/edgar/data/318154/000031815426000010/ · unverified
  - Net income FY2024: 4090000000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001193125-26-145588) · https://www.sec.gov/Archives/edgar/data/318154/000031815426000010/ · unverified
  - Net income FY2025: 7711000000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001193125-26-145588) · https://www.sec.gov/Archives/edgar/data/318154/000031815426000010/ · unverified
  - debt_incl_current: 57304000000.0 · 2026-06-30 · SEC XBRL LongTermDebt · https://www.sec.gov/Archives/edgar/data/318154/000031815426000126/ · unverified
  - debt_short: 0.0 · 2025-12-31 · SEC XBRL CommercialPaper · https://www.sec.gov/Archives/edgar/data/318154/000031815426000010/ · unverified
  - Operating income FY2021: 7639000000.0 · 2021-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/318154/000031815424000011/ · unverified
  - Revenue FY2021: 25979000000.0 · 2021-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/318154/000031815424000011/ · unverified
  - Operating income FY2022: 9566000000.0 · 2022-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/318154/000031815425000010/ · unverified
  - Revenue FY2022: 26323000000.0 · 2022-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/318154/000031815425000010/ · unverified
  - Operating income FY2023: 7897000000.0 · 2023-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/318154/000031815426000010/ · unverified
  - Revenue FY2023: 28190000000.0 · 2023-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/318154/000031815426000010/ · unverified
  - Operating income FY2024: 7258000000.0 · 2024-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/318154/000031815426000010/ · unverified
  - Revenue FY2024: 33424000000.0 · 2024-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/318154/000031815426000010/ · unverified
  - Operating income FY2025: 9080000000.0 · 2025-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/318154/000031815426000010/ · unverified
  - Revenue FY2025: 36751000000.0 · 2025-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/318154/000031815426000010/ · unverified
  - Operating cash flow FY2021: 9261000000.0 · 2021-12-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/318154/000031815424000011/ · unverified

### Lynch GARP: 21.9 (ok) · complete: True · missing tests: none · current inputs as of 2025-12-31 · stale inputs: debt_short · history 2020–2025 · price 2026-10-23 · verification {'verified': 0, 'mismatch': 0, 'unverified': 6, 'not_cross_checked': 1} · computed 2026-10-26 · rules https://theclaudetrader.com/p/lynch
- 1 PEG: P/E divided by 5-yr EPS growth (in % points): 10.5  · threshold <= 1.0 · points 0.0/30
- 2 EPS growth, 5-yr compound rate: +2.9% a year  · threshold 12% to 35% a year · points 4.9/20
- 3 P/E on latest annual EPS: 30.9  · threshold <= 25 · points 6.1/10
- 4 Borrowings / equity: 4.9  · threshold <= 0.5 · points 0.0/15
- 5 Years of the last 5 in which EPS rose: 3 of 5  · threshold 5 of 5 · points 9.0/15
- 6 Net cash (cash minus borrowings) / market cap: -18.2%  · threshold >= +10% · points 1.9/10

Inputs:
  - Price (close, per traded unit): 439.26 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1
  - EPS diluted FY2025: 14.23 · 2025-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/318154/000031815426000010/ · unverified
  - EPS diluted FY2020: 12.31 · 2020-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/318154/000031815423000017/ · unverified
  - debt_incl_current: 57304000000.0 · 2026-06-30 · SEC XBRL LongTermDebt · https://www.sec.gov/Archives/edgar/data/318154/000031815426000126/ · unverified
  - debt_short: 0.0 · 2025-12-31 · SEC XBRL CommercialPaper · https://www.sec.gov/Archives/edgar/data/318154/000031815426000010/ · unverified
  - equity: 11688000000.0 · 2026-06-30 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/318154/000031815426000126/ · unverified
  - cash: 13989000000.0 · 2026-06-30 · SEC XBRL CashAndCashEquivalentsAtCarryingValue · https://www.sec.gov/Archives/edgar/data/318154/000031815426000126/ · unverified

### Graham Enterprising: 46.1 (ok) · complete: True · missing tests: none · current inputs as of 2025-12-31 · stale inputs: debt_short · history 2020–2025 · price 2026-10-23 · verification {'verified': 0, 'mismatch': 0, 'unverified': 12, 'not_cross_checked': 3} · computed 2026-10-26 · rules https://theclaudetrader.com/p/graham_enterprising
- 1 Current ratio: 1.37  · threshold >= 1.5 · points 11.1/15
- 2 Borrowings vs working capital: 6.06 x · threshold <= 1.1x · points 0.0/15
- 3 No earnings deficit in the last 5 years: 5 of 5 profitable  · threshold 5 of 5 · points 15.0/15
- 4 Pays a current dividend: yes  · threshold yes · points 10.0/10
- 5 EPS higher than five years earlier: 12.31 -> 14.23  · threshold higher · points 10.0/10
- 6 Price / book value per share: 20.32  · threshold <= 1.2 · points 0.0/20
- 7 Price / net current asset value per share (current assets minus all liabilities): None  · threshold <= 0.67 · points 0.0/15

Inputs:
  - Price (close, per traded unit): 439.26 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1
  - current_assets: 34961000000.0 · 2026-06-30 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/318154/000031815426000126/ · unverified
  - current_liabilities: 25502000000.0 · 2026-06-30 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/318154/000031815426000126/ · unverified
  - debt_incl_current: 57304000000.0 · 2026-06-30 · SEC XBRL LongTermDebt · https://www.sec.gov/Archives/edgar/data/318154/000031815426000126/ · unverified
  - debt_short: 0.0 · 2025-12-31 · SEC XBRL CommercialPaper · https://www.sec.gov/Archives/edgar/data/318154/000031815426000010/ · unverified
  - Net income FY2021: 5893000000.0 · 2021-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001193125-26-145588) · https://www.sec.gov/Archives/edgar/data/318154/000031815424000011/ · unverified
  - Net income FY2022: 6552000000.0 · 2022-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001193125-26-145588) · https://www.sec.gov/Archives/edgar/data/318154/000031815425000010/ · unverified
  - Net income FY2023: 6717000000.0 · 2023-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001193125-26-145588) · https://www.sec.gov/Archives/edgar/data/318154/000031815426000010/ · unverified
  - Net income FY2024: 4090000000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001193125-26-145588) · https://www.sec.gov/Archives/edgar/data/318154/000031815426000010/ · unverified
  - Net income FY2025: 7711000000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001193125-26-145588) · https://www.sec.gov/Archives/edgar/data/318154/000031815426000010/ · unverified
  - Dividend years (Yahoo): [2019, 2020, 2021, 2022, 2023, 2024, 2025, 2026] ·  · Yahoo Finance dividend history · https://finance.yahoo.com/quote/AMGN/history?filter=div
  - EPS diluted FY2025: 14.23 · 2025-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/318154/000031815426000010/ · unverified
  - EPS diluted FY2020: 12.31 · 2020-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/318154/000031815423000017/ · unverified
  - equity: 11688000000.0 · 2026-06-30 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/318154/000031815426000126/ · unverified
  - Shares outstanding: 540632005.0 · 2026-07-30 · SEC cover page 10-Q 0000318154-26-000126 (540,632,005 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/318154/000031815426000126/amgn-20260630.htm · https://www.sec.gov/Archives/edgar/data/318154/000031815426000126/R1.htm

### Piotroski F-Score: 88.9 (ok) · complete: True · missing tests: none · current inputs as of None · stale inputs: none · history 2024–2026 · price None · verification {'verified': 0, 'mismatch': 0, 'unverified': 27, 'not_cross_checked': 0} · computed 2026-10-26 · rules https://theclaudetrader.com/p/piotroski
- 1 Return on assets is positive: 8.5%  · threshold pass = 1 · points 11.11111111111111/11.11111111111111
- 2 Operating cash flow is positive: 9,958M  · threshold pass = 1 · points 11.11111111111111/11.11111111111111
- 3 Return on assets improved on the prior year: 4.5% -> 8.5%  · threshold pass = 1 · points 11.11111111111111/11.11111111111111
- 4 Operating cash flow exceeds net income (accruals): 9,958M vs 7,711M  · threshold pass = 1 · points 11.11111111111111/11.11111111111111
- 5 Long-term debt / assets fell: 61.6% -> 55.2%  · threshold pass = 1 · points 11.11111111111111/11.11111111111111
- 6 Current ratio improved: 1.26 -> 1.14  · threshold pass = 1 · points 0.0/11.11111111111111
- 7 No new shares issued (share count did not rise): 538M -> 541M  · threshold pass = 1 · points 11.11111111111111/11.11111111111111
- 8 Operating margin improved (stand-in for gross margin, which the dataset does not carry): 21.7% -> 24.7%  · threshold pass = 1 · points 11.11111111111111/11.11111111111111
- 9 Asset turnover (revenue / assets) improved: 0.36 -> 0.41  · threshold pass = 1 · points 11.11111111111111/11.11111111111111

Inputs:
  - net_income 2025-12-31: 7711000000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001193125-26-145588) · https://www.sec.gov/Archives/edgar/data/318154/000031815426000010/ · unverified
  - total_assets 2025-12-31: 90586000000.0 · 2025-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/318154/000031815426000126/ · unverified
  - cfo 2025-12-31: 9958000000.0 · 2025-12-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/318154/000031815426000010/ · unverified
  - net_income 2025-12-31: 7711000000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001193125-26-145588) · https://www.sec.gov/Archives/edgar/data/318154/000031815426000010/ · unverified
  - net_income 2024-12-31: 4090000000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001193125-26-145588) · https://www.sec.gov/Archives/edgar/data/318154/000031815426000010/ · unverified
  - total_assets 2025-12-31: 90586000000.0 · 2025-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/318154/000031815426000126/ · unverified
  - total_assets 2024-12-31: 91839000000.0 · 2024-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/318154/000031815426000010/ · unverified
  - cfo 2025-12-31: 9958000000.0 · 2025-12-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/318154/000031815426000010/ · unverified
  - net_income 2025-12-31: 7711000000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001193125-26-145588) · https://www.sec.gov/Archives/edgar/data/318154/000031815426000010/ · unverified
  - lt_debt 2025-12-31: 50005000000.0 · 2025-12-31 · SEC XBRL LongTermDebtNoncurrent · https://www.sec.gov/Archives/edgar/data/318154/000031815426000126/ · unverified
  - lt_debt 2024-12-31: 56549000000.0 · 2024-12-31 · SEC XBRL LongTermDebtNoncurrent · https://www.sec.gov/Archives/edgar/data/318154/000031815426000010/ · unverified
  - total_assets 2025-12-31: 90586000000.0 · 2025-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/318154/000031815426000126/ · unverified
  - total_assets 2024-12-31: 91839000000.0 · 2024-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/318154/000031815426000010/ · unverified
  - current_assets 2025-12-31: 29057000000.0 · 2025-12-31 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/318154/000031815426000126/ · unverified
  - current_assets 2024-12-31: 29030000000.0 · 2024-12-31 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/318154/000031815426000010/ · unverified
  - current_liabilities 2025-12-31: 25489000000.0 · 2025-12-31 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/318154/000031815426000126/ · unverified
  - current_liabilities 2024-12-31: 23099000000.0 · 2024-12-31 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/318154/000031815426000010/ · unverified
  - shares_out 2026-07-30: 540632005.0 · 2026-07-30 · SEC XBRL EntityCommonStockSharesOutstanding · https://www.sec.gov/Archives/edgar/data/318154/000031815426000126/ · unverified
  - shares_out 2025-07-31: 538361851.0 · 2025-07-31 · SEC XBRL EntityCommonStockSharesOutstanding · https://www.sec.gov/Archives/edgar/data/318154/000031815425000056/ · unverified
  - operating_income 2025-12-31: 9080000000.0 · 2025-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/318154/000031815426000010/ · unverified
  - operating_income 2024-12-31: 7258000000.0 · 2024-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/318154/000031815426000010/ · unverified
  - revenue 2025-12-31: 36751000000.0 · 2025-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/318154/000031815426000010/ · unverified
  - revenue 2024-12-31: 33424000000.0 · 2024-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/318154/000031815426000010/ · unverified
  - revenue 2025-12-31: 36751000000.0 · 2025-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/318154/000031815426000010/ · unverified
  - revenue 2024-12-31: 33424000000.0 · 2024-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/318154/000031815426000010/ · unverified
  - total_assets 2025-12-31: 90586000000.0 · 2025-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/318154/000031815426000126/ · unverified
  - total_assets 2024-12-31: 91839000000.0 · 2024-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/318154/000031815426000010/ · unverified

## Market value, source trail

- Formula: market_value = traded_price (price date) / depositary_ratio x latest point-in-time SEC shares outstanding (share-count date shown; from the filing cover page, summed across share classes only where the issuer filing verifies the classes are economically equivalent (rule + evidence URL in the source text), else withheld; priced at the primary listed class, so where other classes trade at a different price the value is an approximation; restated only for issuer-verified splits after the count date); weighted-average share counts are never used
- Traded price: 439.26 on 2026-10-23 (USD per traded unit (share or ADS)) · https://docs.alpaca.markets/docs/historical-stock-data-1
- SEC shares outstanding: 540,632,005 underlying shares, period 2026-07-30, SEC cover page 10-Q 0000318154-26-000126 (540,632,005 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/318154/000031815426000126/amgn-20260630.htm, accession 0000318154-26-000126 · https://www.sec.gov/Archives/edgar/data/318154/000031815426000126/R1.htm
- Depositary ratio: 1.0 (domestic; 10-K filer; SEC shares are the traded units) · None
- Market value (price date x latest reported shares): 237,478,014,516 USD; 439.26 (price 2026-10-23) / 1 x 540,632,005 (shares at 2026-07-30) = 237,478,014,516

## Revenue by fiscal year (SEC XBRL; FY = calendar year in which the fiscal year ends)

- FY2013 (ended 2013-12-31): 18676000000.0 · https://www.sec.gov/Archives/edgar/data/318154/000031815416000055/
- FY2014 (ended 2014-12-31): 20063000000.0 · https://www.sec.gov/Archives/edgar/data/318154/000031815417000004/
- FY2015 (ended 2015-12-31): 21662000000.0 · https://www.sec.gov/Archives/edgar/data/318154/000031815418000004/
- FY2016 (ended 2016-12-31): 22991000000.0 · https://www.sec.gov/Archives/edgar/data/318154/000031815419000008/
- FY2017 (ended 2017-12-31): 22849000000.0 · https://www.sec.gov/Archives/edgar/data/318154/000031815420000017/
- FY2018 (ended 2018-12-31): 23747000000.0 · https://www.sec.gov/Archives/edgar/data/318154/000031815421000010/
- FY2019 (ended 2019-12-31): 23362000000.0 · https://www.sec.gov/Archives/edgar/data/318154/000031815421000010/
- FY2020 (ended 2020-12-31): 25424000000.0 · https://www.sec.gov/Archives/edgar/data/318154/000031815421000010/
- FY2021 (ended 2021-12-31): 25979000000.0 · https://www.sec.gov/Archives/edgar/data/318154/000031815424000011/
- FY2022 (ended 2022-12-31): 26323000000.0 · https://www.sec.gov/Archives/edgar/data/318154/000031815425000010/
- FY2023 (ended 2023-12-31): 28190000000.0 · https://www.sec.gov/Archives/edgar/data/318154/000031815426000010/
- FY2024 (ended 2024-12-31): 33424000000.0 · https://www.sec.gov/Archives/edgar/data/318154/000031815426000010/
- FY2025 (ended 2025-12-31): 36751000000.0 · https://www.sec.gov/Archives/edgar/data/318154/000031815426000010/

## Net income by fiscal year (SEC XBRL)

- FY2013 (ended 2013-12-31): 5081000000.0 · https://www.sec.gov/Archives/edgar/data/318154/000031815416000055/
- FY2014 (ended 2014-12-31): 5158000000.0 · https://www.sec.gov/Archives/edgar/data/318154/000031815417000004/
- FY2015 (ended 2015-12-31): 6939000000.0 · https://www.sec.gov/Archives/edgar/data/318154/000031815418000004/
- FY2016 (ended 2016-12-31): 7722000000.0 · https://www.sec.gov/Archives/edgar/data/318154/000031815419000008/
- FY2017 (ended 2017-12-31): 1979000000.0 · https://www.sec.gov/Archives/edgar/data/318154/000031815420000017/
- FY2018 (ended 2018-12-31): 8394000000.0 · https://www.sec.gov/Archives/edgar/data/318154/000031815421000010/
- FY2019 (ended 2019-12-31): 7842000000.0 · https://www.sec.gov/Archives/edgar/data/318154/000031815422000010/
- FY2020 (ended 2020-12-31): 7264000000.0 · https://www.sec.gov/Archives/edgar/data/318154/000031815423000017/
- FY2021 (ended 2021-12-31): 5893000000.0 · https://www.sec.gov/Archives/edgar/data/318154/000031815424000011/
- FY2022 (ended 2022-12-31): 6552000000.0 · https://www.sec.gov/Archives/edgar/data/318154/000031815425000010/
- FY2023 (ended 2023-12-31): 6717000000.0 · https://www.sec.gov/Archives/edgar/data/318154/000031815426000010/
- FY2024 (ended 2024-12-31): 4090000000.0 · https://www.sec.gov/Archives/edgar/data/318154/000031815426000010/
- FY2025 (ended 2025-12-31): 7711000000.0 · https://www.sec.gov/Archives/edgar/data/318154/000031815426000010/

## EPS diluted by fiscal year (split-adjusted to today's share basis; as filed in brackets)

- FY2013 (ended 2013-12-31): 6.64 [filed 6.64, split factor 1.0]
- FY2014 (ended 2014-12-31): 6.7 [filed 6.7, split factor 1.0]
- FY2015 (ended 2015-12-31): 9.06 [filed 9.06, split factor 1.0]
- FY2016 (ended 2016-12-31): 10.24 [filed 10.24, split factor 1.0]
- FY2017 (ended 2017-12-31): 2.69 [filed 2.69, split factor 1.0]
- FY2018 (ended 2018-12-31): 12.62 [filed 12.62, split factor 1.0]
- FY2019 (ended 2019-12-31): 12.88 [filed 12.88, split factor 1.0]
- FY2020 (ended 2020-12-31): 12.31 [filed 12.31, split factor 1.0]
- FY2021 (ended 2021-12-31): 10.28 [filed 10.28, split factor 1.0]
- FY2022 (ended 2022-12-31): 12.11 [filed 12.11, split factor 1.0]
- FY2023 (ended 2023-12-31): 12.49 [filed 12.49, split factor 1.0]
- FY2024 (ended 2024-12-31): 7.56 [filed 7.56, split factor 1.0]
- FY2025 (ended 2025-12-31): 14.23 [filed 14.23, split factor 1.0]

## Dividend years (Yahoo history)

2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023, 2024, 2025, 2026

## Insider transactions (SEC Form 4 data set, latest 40)

- 2026-08-13 S Khosla Rachna (officer) 1252 @ 416.43 = 521370 · https://www.sec.gov/Archives/edgar/data/318154/000031815426000137/
- 2026-08-11 S Khosla Rachna (officer) 2000 @ 412.57 = 825140 · https://www.sec.gov/Archives/edgar/data/318154/000031815426000137/
- 2026-08-06 S Grygiel Nancy A. (officer) 1970 @ 402.16 = 792255 · https://www.sec.gov/Archives/edgar/data/318154/000031815426000129/
- 2026-08-06 S Grygiel Nancy A. (officer) 1000 @ 402.16 = 402160 · https://www.sec.gov/Archives/edgar/data/318154/000031815426000129/
- 2026-08-06 S Miller Derek (officer) 1821 @ 402.54 = 733025 · https://www.sec.gov/Archives/edgar/data/318154/000031815426000130/
- 2026-08-06 S Miller Derek (officer) 2069 @ 402.54 = 832855 · https://www.sec.gov/Archives/edgar/data/318154/000031815426000130/
- 2026-05-04 S Grygiel Nancy A. (officer) 1237 @ 323.73 = 400454 · https://www.sec.gov/Archives/edgar/data/318154/000031815426000064/

## Links

- sec_filings: https://www.sec.gov/edgar/browse/?CIK=0000318154
- sec_xbrl_companyfacts: https://data.sec.gov/api/xbrl/companyfacts/CIK0000318154.json
- sec_form4: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000318154&type=4
- sec_8k: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000318154&type=8-K
- yahoo: https://finance.yahoo.com/quote/AMGN
- stooq: https://stooq.com/q/d/?s=amgn.us
- morningstar (link only, nothing stored): https://www.morningstar.com/search?query=AMGN
- finviz (link only, nothing stored): https://finviz.com/quote.ashx?t=AMGN
- stockanalysis (link only, nothing stored): https://stockanalysis.com/stocks/amgn/
- seeking_alpha (link only, nothing stored): https://seekingalpha.com/symbol/AMGN
- openinsider (link only, nothing stored): http://openinsider.com/search?q=AMGN
- google_news (link only, nothing stored): https://news.google.com/rss/search?q=AMGN+stock

Cite as: The Claude Trader snapshot 2026-10-26, https://theclaudetrader.com/s/AMGN; data from SEC EDGAR XBRL and market prices (Alpaca Market Data, Yahoo Finance) to 2026-10-23.

Scores are deterministic rule outputs from public filings. fair_value_model is a labelled model estimate from the same filings (method at /fair-value), not an opinion or recommendation.