EBS Chart
About

Emergent BioSolutions Inc., a life sciences company, provides preparedness and response solutions for accidental, deliberate, and naturally occurring public health threats in the United States. The company offers NARCAN Nasal Spray for the emergency treatment of known or suspected opioid overdose; Vaxchora vaccine for the prevention of cholera; Vivotif vaccine for oral administration for the prevention of typhoid fever; Anthrasil for the treatment of inhalational anthrax; BioThrax, an anthrax vaccine; CYFENDUS for post-exposure prophylaxis of disease following suspected or confirmed exposure to Bacillus anthracis; and Raxibacumab injection for the treatment and prophylaxis of inhalational anthrax. It provides ACAM2000, a smallpox vaccine; CNJ-016 to address complications from smallpox vaccination; TEMBEXA for the treatment of smallpox disease caused by variola virus in adult and pediatric patients; Botulism Antitoxin Heptavalent for the treatment of symptomatic botulism; Ebanga for the treatment of Ebola; Trobigard, an atropine sulfate obidoxime chloride auto-injector. In addition, the company is developing EBS-LASV to prevent Lassa fever; EBS-MARV to prevent Marburg virus disease; EBS-SUDV to prevent Sudan virus disease; Pan-Ebola mAbs for the treatment of ebola virus; and WEVEE-VLP for equine encephalitis virus infections. Further, it provides contract development and manufacturing services comprising drug substance and product manufacturing, and packaging, as well as technology transfer, process, and analytical development services. The company was incorporated in 1998 and is headquartered in Gaithersburg, Maryland.

Fundamentals
Scroll to Statements
Sector Healthcare Industry Drug Manufacturers - Spe Market Cap 586.33M
Enterprise Value 1.00B Income 75.90M Sales 788.90M
Book/sh 11.05 Cash/sh 4.67 Dividend Yield —
Payout 0.00% Employees 900 IPO —
P/E 8.33 Forward P/E 3.68 PEG —
P/S 0.74 P/B 0.99 P/C —
EV/EBITDA 4.55 EV/Sales 1.27 Quick Ratio 2.89
Current Ratio 5.76 Debt/Eq 115.19 LT Debt/Eq —
EPS (ttm) 1.32 EPS next Y 2.99 EPS Growth -55.80%
Revenue Growth -21.30% Earnings 2026-02-26 ROA 5.27%
ROE 13.91% ROIC — Gross Margin 48.71%
Oper. Margin 37.78% Profit Margin 9.62% Shs Outstand 52.52M
Shs Float 47.49M Short Float 16.59% Short Ratio 9.28
Short Interest — 52W High 14.06 52W Low 4.02
Beta 2.37 Avg Volume 805.07K Volume 630.10K
Target Price $13.50 Recom None Prev Close $10.95
Price $10.99 Change 0.37%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$13.50
Mean price target
2. Current target
$10.96
Latest analyst target
3. DCF / Fair value
$37.70
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$10.96
Low
$12.00
High
$15.00
Mean
$13.50

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2025-12-16 reit HC Wainwright & Co. Buy → Buy $15
2025-09-03 reit HC Wainwright & Co. Buy → Buy $15
2025-04-01 reit HC Wainwright & Co. Buy → Buy $15
2025-03-21 reit HC Wainwright & Co. Buy → Buy $15
2025-03-04 reit HC Wainwright & Co. Buy → Buy $15
2025-01-21 reit HC Wainwright & Co. Buy → Buy $15
2025-01-10 reit HC Wainwright & Co. Buy → Buy $15
2024-12-30 init HC Wainwright & Co. — → Buy $15
2024-11-07 main Benchmark Buy → Buy $12
2024-09-13 reit Rodman & Renshaw Buy → Buy $16
2024-08-22 init Rodman & Renshaw — → Buy $16
2024-08-16 reit Benchmark Buy → Buy $8
2024-08-09 reit Benchmark Buy → Buy $8
2024-07-03 reit Benchmark Buy → Buy $8
2024-07-02 reit Benchmark Buy → Buy $8
2024-06-24 reit Benchmark Buy → Buy $8
2024-06-21 reit Benchmark Buy → Buy $8
2024-06-20 main Benchmark Buy → Buy $8
2024-04-11 reit Benchmark Buy → Buy $5
2024-03-07 up Benchmark Hold → Buy $5
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 21984 263077 — Sale at price 11.90 - 12.11 per share. RICHARD RONALD B Director — 2025-12-05 00:00:00 D
1 25748 129255 — Conversion of Exercise of derivative security at price 5.02 per share. RICHARD RONALD B Director — 2025-12-05 00:00:00 D
2 17801 187623 — Sale at price 10.54 per share. DEGOLYER DONALD W Director — 2025-11-10 00:00:00 D
3 8552 85520 — Sale at price 10.00 per share. DAYAL SUJATA TYAGI Director — 2025-11-07 00:00:00 D
4 30608 306080 — Sale at price 10.00 per share. GLESSNER COLEEN Officer — 2025-10-07 00:00:00 D
5 7086 62853 — Sale at price 8.87 per share. ZOON KATHRYN C. Director — 2025-08-15 00:00:00 D
6 7844 67831 — Sale at price 8.65 per share. DEGOLYER DONALD W Director — 2025-08-12 00:00:00 D
7 7844 49417 — Sale at price 6.30 per share. KATKIN KEITH A Director — 2025-05-23 00:00:00 D
8 60000 349800 — Purchase at price 5.83 per share. PAPA JOSEPH C Chief Executive Officer — 2025-05-13 00:00:00 D
9 34403 — — Stock Award(Grant) at price 0.00 per share. RICHARD RONALD B Director — 2025-04-30 00:00:00 D
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems-609.00K-94.65M-201.00K-11.68M
TaxRateForCalcs0.210.210.030.28
NormalizedEBITDA39.80M-67.50M-31.70M503.20M
TotalUnusualItems-2.90M-450.70M-6.70M-41.70M
TotalUnusualItemsExcludingGoodwill-2.90M-450.70M-6.70M-41.70M
NetIncomeFromContinuingOperationNetMinorityInterest-190.60M-760.50M-211.60M219.50M
ReconciledDepreciation108.80M125.10M143.30M123.80M
ReconciledCostOfRevenue637.60M645.90M609.70M682.80M
EBITDA36.90M-518.20M-38.40M461.50M
EBIT-71.90M-643.30M-181.70M337.70M
NetInterestIncome-71.00M-87.90M-37.30M-34.50M
InterestExpense71.00M87.90M37.30M34.50M
NormalizedIncome-188.31M-404.45M-205.10M249.52M
NetIncomeFromContinuingAndDiscontinuedOperation-190.60M-760.50M-211.60M219.50M
TotalExpenses1.10B1.22B1.24B1.26B
TotalOperatingIncomeAsReported-108.70M-726.40M-170.00M341.40M
DilutedAverageShares53.00M51.20M50.10M54.10M
BasicAverageShares53.00M51.20M50.10M53.50M
DilutedEPS-3.60-14.85-4.474.27
BasicEPS-3.60-14.85-4.474.32
DilutedNIAvailtoComStockholders-190.60M-760.50M-211.60M219.50M
NetIncomeCommonStockholders-190.60M-760.50M-211.60M219.50M
NetIncome-190.60M-760.50M-211.60M219.50M
NetIncomeIncludingNoncontrollingInterests-190.60M-760.50M-211.60M219.50M
NetIncomeContinuousOperations-190.60M-760.50M-211.60M219.50M
TaxProvision47.70M29.30M-7.40M83.70M
PretaxIncome-142.90M-731.20M-219.00M303.20M
OtherIncomeExpense9.60M-441.80M-18.40M-45.40M
OtherNonOperatingIncomeExpenses12.50M8.90M-11.70M-3.70M
SpecialIncomeCharges-2.90M-450.70M-6.70M-41.70M
GainOnSaleOfBusiness24.30M74.20M0.000.00
ImpairmentOfCapitalAssets27.20M524.90M6.70M41.70M
NetNonOperatingInterestIncomeExpense-71.00M-87.90M-37.30M-34.50M
InterestExpenseNonOperating71.00M87.90M37.30M34.50M
OperatingIncome-81.50M-201.50M-163.30M383.10M
OperatingExpense413.80M519.10M546.30M508.20M
OtherOperatingExpenses-30.00M-26.30M-41.40M-134.20M
DepreciationAmortizationDepletionIncomeStatement65.10M65.60M59.90M58.50M
DepreciationAndAmortizationInIncomeStatement65.10M65.60M59.90M58.50M
Amortization65.10M65.60M59.90M58.50M
AmortizationOfIntangiblesIncomeStatement65.10M65.60M59.90M58.50M
ResearchAndDevelopment70.70M111.40M188.30M235.20M
SellingGeneralAndAdministration308.00M368.40M339.50M348.70M
GrossProfit332.30M317.60M383.00M891.30M
CostOfRevenue681.30M705.40M693.10M748.10M
TotalRevenue1.01B1.02B1.08B1.64B
OperatingRevenue1.01B1.02B1.08B1.64B
Line Item2024-12-312023-12-312022-12-312021-12-31
TreasurySharesNumber5.60M5.60M5.60M3.80M
OrdinarySharesNumber54.33M52.20M50.10M51.30M
ShareIssued59.93M57.80M55.70M55.10M
NetDebt564.20M748.50M763.20M264.90M
TotalDebt663.70M860.20M1.41B841.00M
TangibleBookValue-18.70M82.70M440.70M782.00M
InvestedCapital1.15B1.51B2.79B2.45B
WorkingCapital436.30M28.20M-18.50M895.90M
NetTangibleAssets-18.70M82.70M440.70M782.00M
CommonStockEquity482.80M649.30M1.39B1.61B
TotalCapitalization1.15B1.10B1.84B2.42B
TotalEquityGrossMinorityInterest482.80M649.30M1.39B1.61B
StockholdersEquity482.80M649.30M1.39B1.61B
GainsLossesNotAffectingRetainedEarnings-5.20M-5.70M3.10M-16.10M
OtherEquityAdjustments-5.20M-5.70M3.10M-16.10M
TreasuryStock227.70M227.70M227.70M152.20M
RetainedEarnings-212.40M-21.80M738.70M950.30M
AdditionalPaidInCapital928.00M904.40M873.50M829.40M
CapitalStock100.00K100.00K100.00K100.00K
CommonStock100.00K100.00K100.00K100.00K
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest906.90M1.17B1.78B1.35B
TotalNonCurrentLiabilitiesNetMinorityInterest744.50M522.60M549.70M972.20M
OtherNonCurrentLiabilities39.10M28.90M41.50M69.50M
NonCurrentDeferredLiabilities41.70M47.20M59.70M93.30M
NonCurrentDeferredRevenue4.70M
NonCurrentDeferredTaxesLiabilities41.70M47.20M59.70M93.30M
LongTermDebtAndCapitalLeaseObligation663.70M446.50M448.50M809.40M
LongTermDebt663.70M446.50M448.50M809.40M
CurrentLiabilities162.40M651.30M1.23B374.00M
OtherCurrentLiabilities27.70M32.70M45.90M73.10M
CurrentDebtAndCapitalLeaseObligation413.70M957.30M31.60M
CurrentDebt413.70M957.30M31.60M
PensionandOtherPostRetirementBenefitPlansCurrent56.10M74.10M87.30M88.70M
PayablesAndAccruedExpenses78.60M130.80M138.40M180.60M
CurrentAccruedExpenses17.70M18.60M34.90M51.70M
Payables60.90M112.20M103.50M128.90M
AccountsPayable60.90M112.20M103.50M128.90M
TotalAssets1.39B1.82B3.17B2.96B
TotalNonCurrentAssets791.00M1.14B1.96B1.69B
OtherNonCurrentAssets18.90M194.30M191.30M58.20M
GoodwillAndOtherIntangibleAssets501.50M566.60M947.00M829.50M
OtherIntangibleAssets501.50M566.60M728.80M604.60M
Goodwill0.00218.20M224.90M
NetPPE270.60M382.80M817.60M800.10M
AccumulatedDepreciation-397.10M-411.40M-383.80M-319.10M
GrossPPE667.70M794.20M1.20B1.12B
ConstructionInProgress10.30M36.70M185.50M223.20M
MachineryFurnitureEquipment435.50M497.60M633.10M574.20M
BuildingsAndImprovements196.10M229.90M327.90M269.70M
LandAndImprovements25.80M30.00M54.90M52.10M
Properties0.000.000.000.00
CurrentAssets598.70M679.50M1.21B1.27B
OtherCurrentAssets26.90M47.90M57.90M70.20M
RestrictedCash6.10M0.000.00200.00K
PrepaidAssets70.30M
Inventory311.70M328.90M350.70M344.50M
FinishedGoods129.50M86.90M92.20M35.90M
WorkInProcess86.30M113.30M116.20M95.80M
RawMaterials95.90M128.70M142.30M212.80M
Receivables154.50M191.00M159.20M278.90M
ReceivablesAdjustmentsAllowances-500.00K-2.20M-700.00K-3.20M
OtherReceivables19.60M51.40M57.20M51.60M
AccountsReceivable135.40M141.80M102.70M230.50M
AllowanceForDoubtfulAccountsReceivable-700.00K-3.20M
GrossAccountsReceivable135.40M141.80M102.70M230.50M
CashCashEquivalentsAndShortTermInvestments99.50M111.70M642.60M576.10M
CashAndCashEquivalents99.50M111.70M642.60M576.10M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow35.80M-257.90M-149.90M96.10M
RepurchaseOfCapitalStock0.000.00-82.10M-106.00M
RepaymentOfDebt-482.40M-563.40M-33.80M-35.90M
IssuanceOfDebt284.00M20.00M598.00M0.00
IssuanceOfCapitalStock9.30M8.40M0.000.00
CapitalExpenditure-22.90M-51.60M-115.80M-224.10M
InterestPaidSupplementalData64.00M68.30M33.00M30.40M
IncomeTaxPaidSupplementalData26.50M52.80M6.20M71.60M
EndCashPosition105.60M111.70M642.60M576.30M
BeginningCashPosition111.70M642.60M576.30M621.50M
EffectOfExchangeRateChanges0.00-1.20M500.00K-300.00K
ChangesInCash-6.10M-529.70M65.80M-44.90M
FinancingCashFlow-190.00M-535.70M481.20M-141.00M
CashFlowFromContinuingFinancingActivities-190.00M-535.70M481.20M-141.00M
NetOtherFinancingCharges-15.80M-2.50M-5.90M-15.00M
ProceedsFromStockOptionExercised14.90M1.80M5.00M15.90M
NetCommonStockIssuance9.30M8.40M-82.10M-106.00M
CommonStockPayments0.000.00-82.10M-106.00M
CommonStockIssuance9.30M8.40M0.000.00
NetIssuancePaymentsOfDebt-198.40M-543.40M564.20M-35.90M
NetShortTermDebtIssuance598.00M0.00
ShortTermDebtPayments0.000.00
ShortTermDebtIssuance598.00M0.00
NetLongTermDebtIssuance-198.40M-543.40M564.20M-35.90M
LongTermDebtPayments-482.40M-563.40M-33.80M-35.90M
LongTermDebtIssuance284.00M20.00M598.00M0.00
InvestingCashFlow125.20M212.30M-381.30M-224.10M
CashFlowFromContinuingInvestingActivities125.20M212.30M-381.30M-224.10M
NetOtherInvestingChanges30.00M-6.30M-265.50M
NetBusinessPurchaseAndSale110.20M270.20M0.000.00
SaleOfBusiness110.20M270.20M0.000.00
NetIntangiblesPurchaseAndSale-21.80M0.00
PurchaseOfIntangibles-21.80M0.00
NetPPEPurchaseAndSale-15.00M-51.60M-115.80M-224.10M
SaleOfPPE7.90M0.000.00
PurchaseOfPPE-22.90M-51.60M-115.80M-224.10M
OperatingCashFlow58.70M-206.30M-34.10M320.20M
CashFlowFromContinuingOperatingActivities58.70M-206.30M-34.10M320.20M
ChangeInWorkingCapital88.70M-70.30M-2.10M-145.00M
ChangeInOtherWorkingCapital6.60M-5.50M38.30M-63.10M
ChangeInPayablesAndAccruedExpense-38.90M-55.50M-81.50M-6.80M
ChangeInAccruedExpense-5.90M-66.10M-67.50M-5.20M
ChangeInPayable-33.00M10.60M-14.00M-1.60M
ChangeInAccountPayable-33.00M10.60M-14.00M-1.60M
ChangeInPrepaidAssets169.90M11.70M-19.90M7.70M
ChangeInInventory-24.50M600.00K-57.10M-66.60M
ChangeInReceivables-24.40M-21.60M118.10M-16.20M
ChangesInAccountReceivables-24.40M-21.60M118.10M-16.20M
OtherNonCashItems14.50M13.40M9.50M9.00M
StockBasedCompensation18.00M23.10M45.10M42.40M
AssetImpairmentCharge27.20M524.90M6.70M24.50M
DeferredTax-5.50M-8.90M-28.60M46.00M
DeferredIncomeTax-5.50M-8.90M-28.60M46.00M
DepreciationAmortizationDepletion108.80M125.10M143.30M123.80M
DepreciationAndAmortization108.80M125.10M143.30M123.80M
AmortizationCashFlow65.10M65.60M59.90M
AmortizationOfIntangibles65.10M65.60M59.90M
Depreciation43.70M59.50M83.40M
OperatingGainsLosses-2.40M-53.10M3.60M
GainLossOnInvestmentSecurities1.10M
GainLossOnSaleOfBusiness-32.20M-74.20M0.000.00
NetIncomeFromContinuingOperations-190.60M-760.50M-211.60M219.50M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for EBS
Date User Asset Broker Type Position Size Entry Price Patterns