Alkermes PLC (ALKS) intrinsic value & 10-year financials
Alkermes PLC (ALKS) has a Graham intrinsic value of $29.93 per share. At $41.22 on Oct 17, 2026, the stock trades 38% above that value. Over the last 10 fiscal years revenue grew 7.9% a year to $1.5B, with an average return on invested capital of 0.9%.
- Graham intrinsic value
- $29.93
- Share price (Oct 17, 2026)
- $41.22
- Price vs Graham value
- 38% above
- Market cap
- $7.0B
- Revenue (FY2025)
- $1.5B
- Revenue growth (10-yr CAGR)
- 7.9%
- ROIC (10-yr avg)
- 0.9%
- Free cash flow (FY2025)
- $480.3M
ALKS 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $1.5B | $241.7M | $1.43 | $480.3M | 17.2% | 15.4% |
| FY2024 | $1.6B | $367.1M | $2.17 | $405.6M | 27.0% | 29.9% |
| FY2023 | $1.7B | $355.8M | $2.10 | $353.3M | 24.9% | 37.1% |
| FY2022 | $1.1B | -$158.3M | -$0.97 | -$17.2M | -12.8% | -11.7% |
| FY2021 | $1.2B | -$48.2M | -$0.30 | $73.7M | -2.5% | -2.5% |
| FY2020 | $1.0B | -$110.9M | -$0.70 | $40.6M | -10.8% | -9.6% |
| FY2019 | $1.2B | -$196.6M | — | -$18.9M | -15.0% | -14.9% |
| FY2018 | $1.1B | -$139.3M | — | $29.9M | -9.1% | -8.0% |
| FY2017 | $903.4M | -$157.9M | — | -$32.1M | -16.4% | -11.4% |
| FY2016 | $745.7M | -$208.4M | — | -$107.5M | -28.0% | -15.5% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Alkermes plc. has demonstrated mature, steady growth, with revenue compounding at 7.9% annually over the past decade.
Alkermes plc. has historically struggled to out-earn its cost of capital, averaging just 0.9% ROIC.
Alkermes plc. has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Alkermes plc. is modeled at 7.9% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $29.93 per share.