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Gilead Sciences (GILD) Financial Forecast Calculator

Interactive 5-year forecast and DCF for Gilead Sciences. Adjust revenue growth, gross margin, capex intensity, WACC, and terminal growth - see revenue, free cash flow, and enterprise value update in real time. Seeded from Gilead Sciences’s most recent SEC filings.

Revenue FY30
$34.34B
from $27.12B
FCF FY30
$11.91B
Margin 34.7%
Enterprise value
$171.30B
6.3× LTM revenue
Equity value
$150.00B
Net debt $21.30B
Revenue & free cash flow - history and 5-year forecast
Line (area)
Bars
Historicals from SEC EDGAR (grey). Forecast years (color) update live as you move the sliders.

Assumptions

Revenue growth (annual)
4.8%
-10.0%baseline 4.8%40.0%
Gross margin
78.4%
5.0%baseline 78.4%90.0%
Capex % of revenue
2.7%
0.0%baseline 2.7%30.0%
WACC (discount rate)
9.00%
4.0%baseline 9.0%18.0%
Terminal growth
2.50%
0.0%baseline 2.5%5.0%

Need this as an Excel model?

Keep iterating on the Gilead Sciences forecast in Excel. The downloadable sample has every assumption you see here plus a fully integrated income statement, balance sheet, cash flow, and debt schedule - five years of SEC historicals and live formulas in a fully editable workbook.

income_statement.xlsx
Income statement, brown brand palette
income_statement.xlsx
Income statement, green brand palette
income_statement.xlsx
Income statement, red brand palette

Frequently asked

What is Gilead Sciences' primary business focus and key segments?+

Gilead Sciences is a research-based biopharmaceutical company dedicated to discovering, developing, and commercializing innovative medicines for unmet medical needs. Historically dominant in virology, particularly HIV and viral hepatitis, the company has strategically expanded into oncology and inflammation through major acquisitions.

What are the main revenue drivers for Gilead Sciences?+

Gilead's revenue is primarily driven by its HIV segment, anchored by products like Biktarvy and Descovy, which accounts for approximately 65% of total revenues. Oncology and Liver Disease segments also contribute significantly, alongside the variable Veklury (COVID-19) sales.

What is the assumed revenue growth rate for Gilead Sciences in the financial model?+

The financial model for Gilead Sciences assumes a revenue growth rate of approximately 4.84%. This assumption is a key input for forecasting the company's future cash flows over the FY2026–FY2030 forecast horizon.

How do intangible assets and goodwill impact Gilead Sciences' balance sheet?+

Intangible assets and goodwill constitute a massive portion of Gilead Sciences' balance sheet, typically making up 50-60% of total assets. This significant allocation is a direct result of the company's acquisitive history, which includes major transformational acquisitions.

What is Gilead Sciences' typical capital expenditure as a percentage of revenue?+

Gilead Sciences typically incurs capital expenditures between 2-4% of its total revenue, amounting to approximately $700M - $1.0B annually. This spending supports both maintenance and growth initiatives, particularly expanding cell therapy manufacturing and new lab space.

Can I download a financial model for Gilead Sciences to analyze its valuation?+

Yes, a downloadable Excel model is available for Gilead Sciences, providing a sum-of-the-parts equity valuation and pipeline scenario planning tool. This model helps equity research analysts determine the fair value by forecasting base business cash flows and probability-weighting future clinical pipeline approvals.

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