Moderna (MRNA) Stock Price

Moderna Price

NASDAQ·CLOSED
56.58USD-0.70 (-1.23 %)
Market closed

Revenue has compounded at 112.0% per year over the past 11 years to 1.94 B USD. Moderna's net margin stands at -145.2%, down from 68.8% several years earlier. Analysts set a median price target of 31.62 USD, implying 44.1% below the current price. Of 30 analysts, 3 rate the stock a buy — an overall Hold consensus. The stock trades about 153% above its 52-week low.

Moderna stock price

Volume
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Moderna over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Moderna stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Moderna's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Moderna Stock Price History
DateModerna Price
8/5/202656.58 USD
8/4/202657.28 USD
8/3/202655.14 USD
7/31/202654.82 USD
7/30/202657.92 USD
7/29/202655.29 USD
7/27/202655.85 USD
7/23/202657.02 USD
7/22/202658.07 USD
7/21/202659.66 USD
7/20/202659.49 USD
7/17/202661.82 USD
7/16/202663.15 USD
7/15/202668.28 USD
7/14/202667.44 USD
7/13/202668.55 USD
7/10/202668.27 USD
7/9/202676.56 USD
7/8/202675.89 USD
7/7/202679.77 USD
7/6/202682.66 USD
7/2/202679.76 USD
7/1/202672.50 USD
6/30/202670.03 USD
6/29/202668.60 USD
6/26/202667.27 USD
6/25/202659.75 USD
6/24/202660.42 USD
6/23/202661.00 USD
6/22/202657.79 USD
6/18/202662.76 USD
6/17/202656.68 USD
6/16/202653.38 USD
6/15/202650.95 USD
6/12/202651.51 USD
6/11/202647.53 USD
6/10/202646.53 USD
6/9/202647.73 USD
6/8/202647.60 USD
6/5/202648.62 USD
6/4/202650.84 USD
6/3/202646.69 USD
6/2/202645.07 USD
6/1/202644.94 USD
5/29/202647.43 USD
5/28/202646.31 USD
5/27/202648.58 USD
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5/22/202647.29 USD
5/21/202646.80 USD
5/20/202647.88 USD
5/19/202645.72 USD
5/18/202648.11 USD
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5/14/202650.03 USD
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5/12/202653.27 USD
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5/8/202654.35 USD
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5/1/202645.37 USD
4/30/202645.94 USD
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4/28/202647.14 USD
4/27/202648.70 USD
4/24/202650.73 USD
4/23/202652.85 USD
4/22/202655.60 USD
4/21/202654.23 USD
4/20/202654.59 USD
4/17/202653.72 USD
4/16/202654.68 USD
4/15/202654.26 USD
4/14/202652.84 USD
4/13/202650.68 USD
4/10/202650.96 USD
4/9/202651.28 USD
4/8/202652.10 USD
4/7/202650.11 USD
4/6/202648.77 USD
4/2/202649.20 USD
4/1/202650.03 USD
3/31/202650.80 USD
3/30/202648.23 USD
3/27/202649.56 USD
3/26/202653.57 USD
3/25/202653.54 USD
3/24/202651.34 USD
3/23/202651.28 USD
3/20/202651.38 USD
3/19/202652.37 USD
3/18/202652.40 USD
3/17/202653.93 USD
3/16/202653.31 USD
3/13/202652.56 USD
3/12/202653.39 USD
3/11/202655.97 USD
3/10/202654.98 USD
3/9/202655.74 USD
3/6/202652.52 USD
3/5/202653.83 USD
3/4/202657.80 USD
3/3/202649.83 USD
3/2/202652.85 USD
2/27/202653.57 USD
2/26/202651.71 USD
2/25/202651.37 USD
2/24/202650.52 USD
2/23/202650.29 USD
2/20/202649.87 USD
2/19/202649.70 USD
2/18/202646.60 USD
2/17/202643.93 USD
2/13/202642.23 USD
2/12/202640.11 USD
2/11/202640.51 USD
2/10/202642.00 USD
2/9/202641.95 USD
2/6/202641.01 USD
2/5/202640.87 USD
2/4/202642.77 USD
2/3/202642.20 USD
2/2/202642.55 USD
1/30/202644.07 USD
1/29/202646.86 USD
1/28/202645.30 USD
1/27/202645.45 USD
1/26/202647.99 USD
1/23/202648.71 USD
1/22/202651.87 USD
1/21/202649.81 USD
1/20/202643.00 USD
1/16/202641.83 USD
1/15/202639.36 USD
1/14/202640.58 USD
1/13/202639.60 USD
1/12/202633.84 USD
1/9/202634.30 USD
1/8/202633.86 USD
1/7/202635.89 USD
1/6/202635.66 USD
1/5/202632.17 USD
1/2/202630.86 USD
12/31/202529.49 USD
12/30/202530.41 USD
12/29/202531.15 USD
12/26/202531.20 USD
12/24/202532.75 USD
12/23/202532.29 USD
12/22/202534.90 USD
12/19/202533.80 USD
12/18/202530.95 USD
12/17/202530.51 USD
12/16/202529.89 USD
12/15/202529.92 USD
12/12/202529.46 USD
12/11/202529.63 USD
12/10/202529.03 USD
12/9/202528.24 USD
12/8/202527.97 USD
12/5/202527.70 USD
12/4/202525.49 USD
12/3/202525.18 USD
12/2/202524.06 USD
12/1/202524.16 USD
11/28/202525.98 USD
11/26/202525.01 USD
11/25/202524.75 USD
11/24/202524.15 USD
11/21/202523.72 USD
11/20/202522.36 USD
11/19/202524.18 USD
11/18/202524.92 USD
11/17/202524.76 USD
11/14/202524.77 USD
11/13/202524.96 USD
11/12/202526.71 USD
11/11/202526.41 USD
11/10/202524.76 USD
11/7/202524.54 USD
11/6/202524.33 USD
11/5/202523.56 USD
11/4/202523.75 USD
11/3/202524.91 USD
10/31/202527.16 USD
10/30/202528.14 USD
10/29/202524.70 USD
10/28/202525.35 USD
10/27/202526.66 USD
10/24/202526.74 USD
10/23/202526.25 USD
10/22/202526.85 USD
10/21/202527.49 USD
10/20/202527.24 USD
10/17/202526.01 USD
10/16/202527.14 USD
10/15/202527.72 USD
10/14/202526.25 USD
10/13/202526.74 USD
10/10/202526.83 USD
10/9/202527.53 USD
10/8/202527.92 USD
10/7/202527.34 USD
10/6/202527.54 USD
10/3/202528.49 USD
10/2/202528.37 USD
10/1/202527.60 USD
9/30/202525.83 USD
9/29/202525.33 USD
9/26/202524.49 USD
9/25/202524.61 USD
9/24/202525.88 USD
9/23/202525.79 USD
9/22/202526.56 USD
9/19/202525.24 USD
9/18/202525.45 USD
9/17/202525.00 USD
9/16/202524.84 USD
9/15/202523.88 USD
9/12/202523.51 USD
9/11/202525.39 USD
9/10/202524.31 USD
9/9/202524.47 USD
9/8/202524.83 USD
9/5/202525.14 USD
9/4/202524.28 USD
9/3/202524.05 USD
9/2/202524.19 USD
8/29/202524.09 USD
8/28/202524.47 USD
8/27/202525.10 USD
8/26/202524.73 USD
8/25/202525.35 USD
8/22/202527.12 USD
8/21/202526.22 USD
8/20/202526.89 USD
8/19/202527.91 USD
8/18/202528.09 USD
8/15/202528.02 USD
8/14/202526.69 USD
8/13/202526.89 USD
8/12/202525.66 USD
8/11/202525.47 USD
8/8/202526.12 USD
8/7/202526.61 USD
Access this data via the Eulerpool API

Moderna Revenue, EBIT, Net Income

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2023
6.85 B USD
-4.24 B USD
-4.71 B USD
Jan 1, 2024
3.20 B USD
-3.95 B USD
-3.56 B USD
Jan 1, 2025
1.94 B USD
-3.07 B USD
-2.82 B USD
Jan 1, 2026 (e)
2.09 B USD
-549.34 M USD
-3.38 B USD
Jan 1, 2027 (e)
2.52 B USD
-661.68 M USD
-1.86 B USD
Jan 1, 2028 (e)
3.28 B USD
-859.61 M USD
-1.07 B USD
Jan 1, 2029 (e)
5.25 B USD
-1.38 B USD
84.23 M USD
Jan 1, 2030 (e)
6.89 B USD
-1.81 B USD
1.04 B USD

Moderna Income Statement, Balance Sheet, Cash Flow Statement

Last updated Aug 7, 2026, 8:41 AM
 
REVENUEB USD
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEB USD
EBITB USD
EBIT MARGIN%
NET INCOMEB USD
NET INCOME GROWTH%
SHARESM
201520162017201820192020202120222023202420252026e2027e2028e2029e2030e
0.110.210.120.050.2717.7418.886.853.201.942.092.523.285.256.89
89.81-40.49-60.66470.836,372.996.42-63.72-53.29-39.237.7220.4929.8960.2731.17
86.1190.24-271.31100.0097.0885.2471.3131.4754.2455.3555.3555.3555.3555.3555.35
1.080.090.19-0.330.050.2715.1213.462.161.741.081.161.401.812.913.81
-0.22-0.27-0.41-0.55-0.7613.309.42-4.24-3.95-3.07-0.55-0.66-0.86-1.38-1.81
-206.48-131.22-338.52-1,135.42-278.4774.9749.91-61.90-123.32-158.13-26.22-26.20-26.21-26.22-26.22
-0.22-0.26-0.38-0.51-0.7512.208.36-4.71-3.56-2.82-3.38-1.86-1.070.081.04
-83.3321,500.0018.0650.5933.8545.33-1,733.47-31.47-156.37-24.46-20.7519.91-44.95-42.73-107.871,135.71
392.0061.00296.68328.80334.39396.70431.00405.00395.00385.00392.00392.00392.00392.00392.00392.00
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Moderna generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Moderna retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Moderna's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Moderna has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Moderna's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Moderna stock margins

The Moderna margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Moderna. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Moderna.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2021
85.24 %
74.97 %
68.80 %
Jan 1, 2022
71.31 %
49.91 %
44.30 %
Jan 1, 2023
31.47 %
-61.90 %
-68.84 %
Jan 1, 2024
54.24 %
-123.32 %
-111.32 %
Jan 1, 2025
55.35 %
-158.13 %
-145.16 %
Jan 1, 2026 (e)
55.35 %
-26.22 %
-161.57 %
Jan 1, 2027 (e)
55.35 %
-26.22 %
-73.85 %
Jan 1, 2028 (e)
55.35 %
-26.22 %
-32.57 %

Moderna Stock Revenue, EBIT, Earnings per Share

The Moderna earnings per share therefore indicates how much revenue Moderna has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2021
41.15 USD
30.85 USD
28.31 USD
Jan 1, 2022
46.60 USD
23.26 USD
20.65 USD
Jan 1, 2023
17.34 USD
-10.73 USD
-11.93 USD
Jan 1, 2024
8.31 USD
-10.25 USD
-9.25 USD
Jan 1, 2025
4.96 USD
-7.84 USD
-7.20 USD
Jan 1, 2026 (e)
5.36 USD
-1.40 USD
-8.66 USD
Jan 1, 2027 (e)
6.46 USD
-1.69 USD
-4.77 USD
Jan 1, 2028 (e)
8.39 USD
-2.19 USD
-2.73 USD

Moderna business model & stock analysis

Moderna Inc is a biotechnology company from the USA that specializes in the development of therapies and vaccines based on mRNA technology. The company was founded in 2010 by a group of researchers led by Noubar Afeyan and is headquartered in Cambridge, Massachusetts.

Moderna SWOT Analysis

Strengths

1. Innovative mRNA technology: Moderna is at the forefront of the biotechnology industry with its innovative messenger RNA (mRNA) technology, which has the potential to revolutionize vaccine and drug development.

2. Strong financial position: The company has a robust financial position, underscored by solid revenue growth and positive cash flow. This stability allows Moderna to invest in research and development and expand its operations.

3. Diverse product pipeline: Moderna has a diverse portfolio of product candidates across various therapeutic areas, including infectious diseases, cardiovascular diseases, and oncology. This diversification helps mitigate risks associated with individual product development.

Weaknesses

1. Limited commercialization experience: As a relatively young company, Moderna lacks a significant track record in successfully commercializing products. This could pose challenges in effectively bringing its pipeline candidates to market.

2. Dependency on partnerships: Moderna relies on partnerships with other pharmaceutical companies for aspects like manufacturing, distribution, and commercialization. Dependence on external collaborations may impact the company's control over these crucial processes.

3. High research and development costs: The development of mRNA-based therapeutics involves significant research and development expenses. The high costs associated with clinical trials and regulatory approvals could strain the company's financial resources.

Opportunities

1. Rising demand for mRNA-based therapeutics: The increasing demand for novel and effective treatments in various disease areas presents a significant opportunity for Moderna's mRNA technology. It has the potential to address unmet medical needs and gain substantial market share.

2. Expansion into new markets and indications: Moderna can explore new therapeutic areas and expand its product pipeline to target unexplored markets and indications. This allows the company to tap into emerging trends and diversify revenue streams.

3. Collaborative partnerships with bigger pharmaceutical companies: The company can leverage strategic partnerships with established pharmaceutical giants to enhance its manufacturing capabilities, accelerate regulatory processes, and expand global reach.

Threats

1. Intense competition: The biotechnology industry is highly competitive, with numerous players vying for market share. Moderna faces the risk of competition from larger pharmaceutical companies as well as smaller emerging biotech firms.

2. Regulatory challenges: The regulatory landscape for mRNA-based therapeutics is still evolving. Delays in obtaining regulatory approvals or changes in regulations could impact the development and commercialization timelines for Moderna's products.

3. Intellectual property risks: Protecting intellectual property related to mRNA technology and the products developed using it poses challenges, as competitors may attempt to challenge patents or develop similar technologies.

Moderna Employees

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Moderna Employees
Details
Date
Moderna Employees
Jan 1, 2018
- Employees
Jan 1, 2019
- Employees
Jan 1, 2020
- Employees
Jan 1, 2021
- Employees
Jan 1, 2022
- Employees
Jan 1, 2023
- Employees
Jan 1, 2024
- Employees
Jan 1, 2025
- Employees

Moderna Segments

Moderna Revenue by Segment (1/5)

  • 3 Years

  • 5 Years

  • Max

Net product sales
Collaboration revenue
Other revenue
Details
Date
Net product sales
Collaboration revenue
Other revenue
Jan 1, 2018
0.00 USD
10.40 M USD
0.00 USD
Jan 1, 2019
0.00 USD
6.20 M USD
0.00 USD
Jan 1, 2022
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2023
6.67 B USD
0.00 USD
177.00 M USD
Jan 1, 2024
3.11 B USD
0.00 USD
127.00 M USD
Jan 1, 2025
1.82 B USD
0.00 USD
126.00 M USD

Moderna Revenue by Segment (2/5)

  • 3 Years

  • 5 Years

  • Max

COVID
Collaboration revenue
Grant revenue
Collaboration revenue from affiliate
RSV
Details
Date
COVID
Collaboration revenue
Grant revenue
Collaboration revenue from affiliate
RSV
Jan 1, 2018
0.00 USD
0.00 USD
12.56 M USD
45.99 M USD
0.00 USD
Jan 1, 2019
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2022
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2023
0.00 USD
83.00 M USD
94.00 M USD
0.00 USD
0.00 USD
Jan 1, 2024
3.08 B USD
0.00 USD
0.00 USD
0.00 USD
25.00 M USD
Jan 1, 2025
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD

Moderna Revenue by Segment (3/5)

  • 3 Years

  • 5 Years

  • Max

Product sales
COVID
Collaboration revenue
Grant revenue
Collaboration Revenue by Strategic Collaborator
Licensing and royalty revenue
RSV
Details
Date
Product sales
COVID
Collaboration revenue
Grant revenue
Collaboration Revenue by Strategic Collaborator
Licensing and royalty revenue
RSV
Jan 1, 2018
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2019
0.00 USD
0.00 USD
0.00 USD
0.00 USD
82.81 M USD
0.00 USD
0.00 USD
Jan 1, 2022
18.44 B USD
0.00 USD
440.00 M USD
388.00 M USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2023
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2024
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
42.00 M USD
0.00 USD
Jan 1, 2025
0.00 USD
1.81 B USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
8.00 M USD

Moderna Revenue by Segment (4/5)

  • 3 Years

  • 5 Years

  • Max

Grant revenue
Collaboration revenue (Note 5)
Collaboration revenue from related party
Details
Date
Grant revenue
Collaboration revenue (Note 5)
Collaboration revenue from related party
Jan 1, 2018
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2019
0.00 USD
0.00 USD
37.24 M USD
Jan 1, 2022
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2023
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2024
37.00 M USD
48.00 M USD
0.00 USD
Jan 1, 2025
0.00 USD
0.00 USD
0.00 USD

Moderna Revenue by Segment (5/5)

  • Max

Grant revenue
Stand-ready manufacturing revenue
Collaboration revenue (Note 5)
Licensing and royalty revenue
Details
Date
Grant revenue
Stand-ready manufacturing revenue
Collaboration revenue (Note 5)
Licensing and royalty revenue
Jan 1, 2018
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2019
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2022
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2023
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2024
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2025
22.00 M USD
80.00 M USD
13.00 M USD
11.00 M USD

Moderna Revenue by Region

  • 3 Years

  • Max

United States
International
Europe
Details
Date
United States
International
Europe
Jan 1, 2022
5.15 B USD
7.30 B USD
6.82 B USD
Jan 1, 2023
1.90 B USD
3.60 B USD
1.36 B USD
Jan 1, 2024
1.79 B USD
853.00 M USD
598.00 M USD
Jan 1, 2025
1.20 B USD
692.00 M USD
53.00 M USD

Moderna Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Moderna historical P/E ratio, EBIT multiple, and P/S ratio

Moderna annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Moderna shares outstanding

The number of shares of Moderna was 392 M in 2025. This indicates how many shares Moderna is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2021
431.00 M Stocks
Jan 1, 2022
405.00 M Stocks
Jan 1, 2023
395.00 M Stocks
Jan 1, 2024
385.00 M Stocks
Jan 1, 2025
392.00 M Stocks
Jan 1, 2026 (e)
392.00 M Stocks
Jan 1, 2027 (e)
392.00 M Stocks
Jan 1, 2028 (e)
392.00 M Stocks

Current Moderna forecasts and price targets in August 2026

Analyst Price Targets 2026
Δ MOM Price Target
10.71 %
Buy
10.00 % (3)
Hold
70.00 % (21)
Sell
20.00 % (6)
12M Price Target
31.62
Last Price
53.86
Currency
USD
12M Return Potential
-41.29 %
LTM Return
0 %

Moderna Analyst Rating Actions

DateFirmActionRatingReliability
7/21/2026
Goldman Sachs
Goldman Sachs
MaintainedNeutral
7/8/2026
Morgan Stanley
Morgan Stanley
MaintainedEqual Weight60
7/7/2026
RBC Capital
RBC Capital
MaintainedSector Perform52
7/7/2026
B of A Securities
B of A Securities
MaintainedUnderperform70
6/26/2026
Piper Sandler
Piper Sandler
MaintainedOverweight51
6/8/2026
B of A Securities
B of A Securities
MaintainedUnderperform70
5/4/2026
UBS
UBS
MaintainedNeutral51
5/4/2026
RBC Capital
RBC Capital
MaintainedSector Perform52
5/4/2026
Goldman Sachs
Goldman Sachs
MaintainedNeutral
5/4/2026
Evercore ISI Group
Evercore ISI Group
MaintainedIn Line62

Eulerpool Reliability Score (0–100): measures how often a firm’s bullish or bearish calls were directionally correct three months later, blended with the average return following its calls. Every rating we record is stored permanently and scores update continuously; firms with fewer than 3 measured calls are not scored yet.

Moderna Earnings Estimates & Surprises

DateEPS estimateEPS ActualRevenue EstimatePrice reactionQuarterly report
7/31/2026-2.12USD-106.08 MUSD-2026 Q2
5/1/2026-2.61USD-245.51 MUSD-2026 Q1
2/13/2026-2.70USD-638.62 MUSD-2025 Q4
5/2/2024-2.87USD-706.93 MUSD-2024 Q1
2/21/2024-1.53USD-2.38 BUSD-2023 Q4
8/1/20230.17USD-1.86 BUSD-2023 Q2
5/2/20230.12USD-1.80 BUSD-2023 Q1
2/22/20235.35USD-4.93 BUSD-2022 Q4
11/3/20223.36USD-3.58 BUSD-2022 Q3
8/3/20224.64USD-4.13 BUSD-2022 Q2

EESG©

Eulerpool ESG Scorecard© for the Moderna stock

60/100
53
Environment
50
Social
75
Governance
E

Environment

20
Scope 1 - Direct Emissions11,240
Scope 2 - Indirect emissions from purchased energy11,506
Scope 3 - Indirect emissions within the value chain
Total CO₂ emissions22,746
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides
Palm Oil
Tobacco
Genetically modified organisms
Climate concept
Sustainable forestry
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees49
Percentage of women in management
Percentage of Asian employees27
Share of Asian management
Percentage of Hispanic/Latino employees8
Hispano/Latino Management share
Percentage of Black employees7
Black Management Share
Percentage of white employees58
White Management Share
Adult content
Alcohol
Weapons
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Moderna shareholder structure

% Name
11.69039%
FMR LLC
FMR LLC
7.58572%
BLACKROCK, INC.
BLACKROCK, INC.
5.85452%
VANGUARD CAPITAL MANAGEMENT LLC
VANGUARD CAPITAL MANAGEMENT LLC
5.11566%
BAILLIE GIFFORD & CO
BAILLIE GIFFORD & CO
4.78594%
CAPITAL WORLD INVESTORS
CAPITAL WORLD INVESTORS
3.99723%
VANGUARD PORTFOLIO MANAGEMENT LLC
VANGUARD PORTFOLIO MANAGEMENT LLC
...

Moderna Beneficial Ownership Filings (SEC 13D/G)

Free Float
93.3%
Float Shares
-
Shares Outstanding
-
StakeHolderFiling
12.00%
shares of Common Stock held by a trust for the benefit of Mr. Bancel’s family, which has an independ
shares of Common Stock held by a trust for the benefit of Mr. Bancel’s family, which has an independ
SEC ↗
11.00%
Baillie Gifford & Co (Scottish partnership)
Baillie Gifford & Co (Scottish partnership)
SEC ↗
10.60%
FMR LLC
FMR LLC
SEC ↗
9.30%
9.3%(2)
9.3%(2)
SEC ↗
7.64%
7.64% (2)
7.64% (2)
SEC ↗
6.80%
(1) BlackRock, Inc.
(1) BlackRock, Inc.
SEC ↗
6.76%
The Vanguard Group - 23-1945930
The Vanguard Group - 23-1945930
SEC ↗
6.53%
Vanguard Capital Management
Vanguard Capital Management
SEC ↗
5.30%
BAILLIE GIFFORD & CO
BAILLIE GIFFORD & CO
SEC ↗
5.20%
Viking Global Investors LP
Viking Global Investors LP
SEC ↗

Moderna Executives and Management Board

17 members · avg. age 60 · 47 % women

SB

Mr. Stephane Bancel (52)

Chief Executive Officer, Director · since 2011

19.88 M USD

Management

SK

Ms. Shannon Klinger (53)

Corporate Secretary, Chief Legal Officer

17.37 M USD
JM

Mr. James Mock (48)

Chief Financial Officer

17.21 M USD
SH

Dr. Stephen Hoge (49)

President

9.18 M USD
JC

Mr. Jerh Collins (59)

Chief Technical Operations and Quality Officer

TF

Ms. Tracey Franklin (45)

Chief People and Digital Technology Officer

RL

Dr. Rose Loughlin (41)

Executive Vice President - Research

Board of Directors

NA

Dr. Noubar Afeyan (62)

Non-Executive Independent Chairman of the Board, Co-Founder · since 2010

644,366.00 USD
AH

Mr. Abbas Hussain (60)

Independent Director

609,068.00 USD
FN

Dr. Francois Nader (68)

Independent Director

578,395.00 USD
ET

Ms. Elizabeth Tallett (76)

Independent Director

578,395.00 USD
SH

Dr. Sandra Horning (76)

Independent Director

578,378.00 USD
EN

Dr. Elizabeth Nabel (73)

Independent Director

578,378.00 USD

Moderna Supply Chain

Moderna Supply Chain

Correlation: how closely stock prices move together

Same directionNo relationOpposite
20 companies
#Nameβ 1YTrend
1
Lonza Group
Supplier·Customer·Life Sciences Tools & Services·CH
-0.40
0.48
0.82
0.87
0.81
0.87
0.41
2
Catalent
Supplier·Customer·Pharmaceuticals·US
0.84
0.50
0.73
0.92
0.86
0.86
3
Alexandria Real Estate
Supplier·Equity Real Estate Investment Trusts (REITs)·US
0.01
0.53
0.65
0.78
0.47
0.76
0.30
4
Thermo Fisher Scientific
Supplier·Customer·Life Sciences Tools & Services·US
0.60
0.67
0.78
0.90
0.14
0.65
0.09
5
Laboratorios Farmaceutico
Supplier·Customer·Pharmaceuticals·ES
0.15
0.28
0.56
0.36
-0.48
0.60
-0.25
#Nameβ 1YTrend
1
AbCellera Biolog
Supplier·Customer·Life Sciences Tools & Services·CA
0.85
0.80
0.79
0.95
0.74
2
Takeda Pharmaceutical Company Limited
Customer
-0.48
0.33
0.46
0.62
0.75
3
Vertex Pharmaceuticals Incorporated
Customer·Biotechnology·US
0.21
0.63
0.26
-0.65
-0.76
-0.71
-0.47
4
Takeda Pharmaceutical
Supplier·Customer·Pharmaceuticals·JP
-0.05
-0.02
-0.33
-0.81
0.12
-0.36
0.05
5
Baxter Intl
Supplier·Health Care Equipment & Supplies·US
0.05
-0.01
0.32
0.39
-0.08
-0.20
-0.06

Frequently asked questions about Moderna

Moderna Inc is a biotechnology company with a business model that focuses on the development and commercialization of mRNA-based therapeutics and vaccines. The company utilizes mRNA technology to create personalized medicine and improve healthcare outcomes. With an emphasis on infectious diseases, rare diseases, and oncology, Moderna Inc leverages its platform to develop a diverse pipeline of innovative treatments. By harnessing the potential of mRNA, Moderna Inc aims to revolutionize the way diseases are prevented and treated, offering new hope and possibilities for patients globally.

Moderna Inc is primarily active in the biotechnology and pharmaceutical industries.

Moderna Inc faces competition from various companies in the market, including established pharmaceutical giants such as Pfizer, Johnson & Johnson, and AstraZeneca. These competitors also focus on developing and distributing vaccines and therapeutics, much like Moderna Inc. However, Moderna Inc stands out for its pioneering messenger RNA (mRNA) technology, which has gained significant attention and recognition. With its innovative approach and potential for addressing unmet medical needs, Moderna Inc continues to position itself as a prominent player in the biopharmaceutical industry and compete against other industry leaders in the market.

Moderna Inc, a leading biotechnology company, was founded in 2010. Headquartered in Cambridge, Massachusetts, Moderna specializes in the development of mRNA-based medicines and therapies. By utilizing the potential of messenger RNA (mRNA) technology, the company aims to revolutionize the field of medicine. Moderna has a diverse pipeline of investigational programs, targeting various diseases, including infectious diseases, oncology, cardiovascular diseases, and rare genetic disorders. The company's commitment to innovation and cutting-edge research has attracted strategic collaborations with renowned organizations and industry leaders. With its groundbreaking approach and promising advancements, Moderna Inc continues to make significant contributions to the biomedical field.

Moderna Inc, a renowned biotechnology company, has achieved several significant milestones. Notably, Moderna became the first company to release an mRNA-based vaccine authorized for emergency use against COVID-19, known as the Moderna COVID-19 Vaccine. This breakthrough marked a monumental achievement in the fight against the global pandemic. Additionally, Moderna has made remarkable progress in advancing mRNA-based therapies for various diseases, including cancer and rare genetic disorders. Through strategic collaborations and cutting-edge research, Moderna has demonstrated its commitment to revolutionize medicine by harnessing the power of mRNA technology. Moderna Inc's dedication to innovation and groundbreaking achievements position it as a leading player in the biotech industry.

Moderna Inc is primarily present in several countries and regions worldwide. The company has its headquarters in Cambridge, Massachusetts, United States. Apart from the US, Moderna Inc has a notable presence in various countries and regions such as Europe, including the United Kingdom, Germany, France, and Switzerland. Additionally, Moderna Inc operates in Asia, with a presence in Japan and South Korea. The company also has collaborations and partnerships with organizations and institutions globally, enabling its presence in diverse regions for the development and distribution of its innovative mRNA-based vaccines and therapies.

Moderna Inc represents a commitment to pioneering transformative medicines based on messenger RNA (mRNA) technology. The company's corporate philosophy centers around innovation, collaboration, and patient-focused progress. Moderna believes in leveraging its proprietary mRNA platform to develop a vast range of potential therapeutics and vaccines to tackle various diseases. The company strives to address unmet medical needs and improve global healthcare through its cutting-edge research and development efforts. Moderna's dedication to scientific excellence, forward-thinking strategies, and ongoing partnerships positions it as a leader in the biotechnology industry, driving breakthroughs and shaping the future of medicine.

Analysts currently set an average price target of 39.68 USD for the Moderna stock (median: 31.62 USD), implying -26.3 % versus the latest price. The consensus is based on 30 analyst ratings.

30 analysts currently rate the Moderna stock: 3 recommend buying, 21 holding and 6 selling. For 2026, analysts expect Moderna to generate revenue of 2.09 B USD and earnings per share of -8.63 USD.

Converted at the current exchange rate, the Moderna share trades at 49.07 EUR (56.58 USD).

The Moderna share (MRNA) is listed on 13 stock exchanges, including: NYSE (MRNA), NASDAQ (MRNA), XETRA (0QF.DE), Frankfurt (0QF.F), München (0QF.MU), Stuttgart (0QF.SG), Düsseldorf (0QF.DU), Berlin (0QF.BE).

Moderna Inc is a biotechnology company focused on the development and production of mRNA therapeutics and vaccines. The company was founded in 2010 and is headquartered in Cambridge, Massachusetts, USA. The core divisions of Moderna Inc include research and development, production, and marketing of mRNA-based therapeutics and vaccines. In the field of research and development, Moderna Inc is working to discover and develop new therapies and vaccines for a variety of diseases. The company has a broad range of therapy areas such as immuno-oncology, infectious diseases, rare diseases, autoimmune diseases, and cardiovascular diseases. Moderna Inc's product line includes mRNA-based therapeutics and vaccines. The company has already conducted several clinical trials in various therapy areas, including cancer, heart attack, and influenza. The company has also developed and produced vaccines against COVID-19, which have already been approved by many countries and used by millions of people worldwide. Moderna Inc also operates a production facility in Massachusetts, USA. The company has a proven ability to rapidly and on a large scale produce mRNA-based products, enabling it to quickly respond to epidemics and pandemics, as was the case with the COVID-19 pandemic. Moderna Inc's business model is based on the commercialization of mRNA-based therapeutics and vaccines. The company leverages its advanced technology and state-of-the-art production processes to develop fast and effective solutions for fighting diseases. The company has also formed partnerships with other companies, government agencies, and universities around the world to share and expand its technology and expertise. Moderna Inc is a publicly traded company listed on the Nasdaq stock exchange in the USA. The company has a strong financial structure and has a wide range of investors and partners worldwide. Overall, Moderna Inc has an innovative and promising business model. By developing and producing mRNA-based products, the company is contributing to fighting a wide range of diseases and improving the well-being of people worldwide. With its strong market position and advanced technology, the company is well-positioned to continue growing and succeeding in the future.

The expected revenue of Moderna is 2.09 B USD. This figure is based on current financial data and reflects the company's business performance.

The expected profit of Moderna is -3.38 B USD. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of Moderna is currently -6.55. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the Moderna stock.

The price-to-sales ratio (P/S) of Moderna is currently 10.59. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the Moderna stock.

The Eulerpool Quality Score for Moderna is 2/10.

The ISIN of Moderna is US60770K1079. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of Moderna is A2N9D9. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

The ticker of Moderna is MRNA. The ticker symbol is used to trade Moderna shares on the stock exchange.

Moderna paid dividends every year for the past 0 years.

Moderna is assigned to the 'Health' sector.

The dividends of Moderna are distributed in USD.

All fundamentals and in-depth analysis of Moderna

Our stock analysis for Moderna stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Moderna. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.