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NEKTAR THERAPEUTICS NKTR

Nasdaq · stock · Pharmaceutical Preparations · website · IPO 1994-05-03 · LEI

NEKTAR THERAPEUTICS statistics & valuation

P / S38.9×
P / B23.9×
Net margin-297.1%
FCF margin-377.8%
Return on capital-61.8%

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports.

Profitability & efficiency

Net margin (%)
-92.80% -31.40% 57.10% -384.50% -290.60% -514.00% -400.00% -306.30% -120.90% -297.10% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
-68.20% -19.40% 57.60% -383.90% -278.00% -437.80% -408.60% -292.60% -106.90% -253.70% 2016201720182019202020212022202320242025
Return on equity (%)
-174.20% -110.10% 39.70% -31.40% -41.30% -77.10% -100.40% -210.80% -195.90% -182.60% 2016201720182019202020212022202320242025
Shares outstanding
153.2M 159.5M 180.1M 176.5M 180.1M 185.5M 188.6M 191.4M 13.7M 20.4M 2016201720182019202020212022202320242025
Net debt ($)
2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
-27.00% -19.00% 31.70% -22.30% -28.90% -46.90% -51.80% -69.40% -39.20% -58.50% 2016201720182019202020212022202320242025
Free cash flow margin (%)
-74.60% -29.30% 59.00% -309.70% -209.60% -419.60% -336.40% -214.70% -180.00% -377.80% 2016201720182019202020212022202320242025
Debt / equity (×)
2016201720182019202020212022202320242025
EPS ($)
-$1.10 -$0.62 $3.78 -$2.52 -$2.49 -$2.86 -$1.97 -$1.45 -$8.68 -$9.73 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin-253.7%-106.9%-292.6%-408.6%-437.8%-278.0%-383.9%57.6%-19.4%-68.2%
Net margin-297.1%-120.9%-306.3%-400.0%-514.0%-290.6%-384.5%57.1%-31.4%-92.8%
FCF margin-377.8%-180.0%-214.7%-336.4%-419.6%-209.6%-309.7%59.0%-29.3%-74.6%
Return on assets-58.5%-39.2%-69.4%-51.8%-46.9%-28.9%-22.3%31.7%-19.0%-27.0%
Return on equity-182.6%-195.9%-210.8%-100.4%-77.1%-41.3%-31.4%39.7%-110.1%-174.2%
Current ratio4.974.266.458.009.349.834.0217.535.825.90

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.