LIGAND PHARMACEUTICALS INCORPORATED
Profit Margins
| Fiscal Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| FY2011 | 83.7% | -2.9% | 32.3% |
| FY2012 | 88.5% | 0.6% | -1.7% |
| FY2013 | 88.3% | 30.5% | 23.3% |
| FY2014 | 85.8% | 30.4% | 18.6% |
| FY2015 | 91.9% | 38.0% | 319.6% |
| FY2016 | 94.9% | 40.3% | -1.5% |
| FY2017 | 96.2% | 48.2% | 8.9% |
| FY2018 | 97.5% | 65.1% | 57.0% |
| FY2019 | — | 671.0% | 523.2% |
| FY2020 | — | 22.9% | -1.8% |