VALNValneva SE

$5.30-47% 1Y

Is the business good?

Good

Margins widening. That is the only one of 4 checks this filer's data supports, so take it as a single data point rather than a settled answer.

1 good, 3 without data
Margin direction, 3 years+10.1 ptsderived

Operating margin has widened over the past few years, the business is getting more profitable per dollar of sales.

Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.

How good a business is VALN?

Valneva SE keeps −47% of every revenue dollar as operating profit, against −82% for the median Biotechnology name.

−47%

Operating margin · Biotechnology median −82% · 12 months to Q4 2025

R&D as % of revenue
49%

R&D as % of revenue

Gross margin
39%

Gross margin

Operating margin by fiscal year
YearOperating margin
FY2020−50%
FY2021−18%
FY2022−31%
FY2023−53%
FY20247.9%
FY2025−47%
Details›
Gross margin12 months to Q4 2025
39%
Operating margin12 months to Q4 2025
−47%
Net margin12 months to Q4 2025
−66%
Free cash flow margin
−33%
R&D as % of revenue
49%
Revenue, trailing twelve months
$175M
Free cash flow, trailing twelve months
−$57M
Net income, trailing twelve months
−$115M

Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.