Return on Tangible Equity (Quarterly)

Return on Tangible Equity: The amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity. Calculated as: Income from Continuing Operations / Tangible Shareholders Equity

Bavarian Nordic (BVNRY) had Return on Tangible Equity of 15.31% for the most recently reported fiscal quarter, ending 2025-09-30.

Quarterly Annual

Figures for fiscal quarter ending 2025-09-30

Income Statement Financials
Revenue	$281.08M
Net Income	$171.14M
Cost of Goods Sold	$141.23M
Gross Profit	$139.86M
Operating Expenses	$100.28M
Operating Income	$180.80M
Non-Operating Income/Expense	$2.40M
Pre-Tax Income	$183.20M
Normalized Pre-Tax Income	$183.20M
Income after Taxes	$171.14M
Income from Continuous Operations	$171.14M
Consolidated Net Income/Loss	$171.14M
Normalized Income after Taxes	$171.14M
EBIT	$180.80M
EBITDA	$209.07M
Weighted-Average Shares Outstanding (Basic)	239.55M
Weighted-Average Shares Outstanding (Diluted)	239.55M
Earnings per Share (EPS) (Basic)	$0.71
Earnings per Share (EPS) (Diluted)	$0.71
Balance Sheet Financials
Current Assets	$1.08B
Property, Plant, and Equipment	$327.35M
Long-Term Assets	$1.30B
Total Assets	$2.37B
Current Liabilities	$281.11M
Long-Term Debt	$1.79M
Long-Term Liabilities	$32.18M
Total Liabilities	$313.29M
Common Equity	$2.06B
Tangible Shareholders Equity	$1.12B
Shareholders Equity	$2.06B
Common Shares Outstanding	79.24M
Cash Flow Statement Financials
Cash Flow from Operating Activities	$340.90M
Cash Flow from Investing Activities	$-246.14M
Cash Flow from Financial Activities	$-16.29M
Beginning Cash	$254.24M
End Cash	$327.76M
Increase/Decrease in Cash	$73.52M
Stock-Based Compensation	$10.41M
Common Stock Dividends Paid	--
Preferred Stock Dividends Paid	--
Fundamental Metrics & Ratios
Current Ratio	3.84
Non-Performing Assets / Total Loans	--
Loan Loss Reserves / Non-Performing Loans	--
Debt to Capital Ratio	0.00
Debt to Equity Ratio	0.00
Gross Margin	49.76%
Operating Margin	64.32%
EBIT Margin	64.32%
EBITDA Margin	--
Pre-Tax Profit Margin	65.18%
Profit Margin	60.89%
Free Cash Flow	$324.27M
Loss Ratio	--
Expense Ratio	--
Combined Ratio	--
Asset Turnover	0.12
Inventory Turnover	0.36
Receiveable Turnover	1.39
Days Sales in Receivables	64.97
Return on Equity	8.30%
Return on Tangible Equity	15.31%
Return on Assets	7.21%
Return on Investments	8.30%
Book Value Per Share	$26.01
Free Cash Flow per Share	$1.35
Operating Cash Flow per Share	$1.42

Data from Zacks Investment Research, Inc.