The global bile duct cancer market is projected to expand from $2.59 billion in 2025 to $3.89 billion by 2030, growing at an 8.4% CAGR. Growth is driven by advancements in early diagnostics, increased adoption of immunotherapy and targeted therapies, AI-assisted diagnostics, and rising prevalence of liver diseases. Major pharmaceutical companies are introducing innovative treatments and forming strategic partnerships to enhance patient outcomes.
Bristol-Myers Squibb Co. (BMY)
Bristol Myers Squibb discovers, develops, and markets drugs for various therapeutic areas, such as cardiovascular, cancer, and immune disorders. A key focus for Bristol is immuno-oncology, where the firm is a leader in drug development. Bristol derives close to 70% of total sales from the US, showing a higher dependence on the US market than most of its peer group.
Company Info
Highlights
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Analysis
Share Price Chart
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Bristol-Myers Squibb Co., comparing it to the performance of the S&P 500 index.
All prices have been adjusted for splits and dividends.
Returns By Period
Bristol-Myers Squibb Co. (BMY) has returned 12.01% so far this year and 10.58% over the past 12 months. Looking at the last ten years, BMY has achieved an annualized return of -0.87%, underperforming the Benchmark (SPY), which averaged 12.23% per year.
BMY
Benchmark (SPY)
Monthly Returns
The table below presents the monthly returns of Bristol-Myers Squibb Co. (BMY) with color gradation from worst to best to easily spot seasonal factors.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.46% | 13.28% | -2.76% | -2.63% | ||||||||
| 2025 | 3.55% | 1.41% | 2.08% | -17.39% | -2.60% | -4.56% | -6.37% | 8.19% | -4.65% | 0.15% | 6.49% | 9.57% |
| 2024 | -5.01% | 3.89% | 6.46% | -18.88% | -6.55% | 0.90% | 14.19% | 4.50% | 4.08% | 7.35% | 5.98% | -4.78% |
| 2023 | 1.24% | -5.46% | 0.89% | -3.27% | -4.22% | -0.79% | -2.74% | -1.08% | -6.13% | -11.17% | -4.78% | 3.87% |
| 2022 | 4.54% | 5.63% | 7.21% | 2.84% | 0.11% | 2.20% | -4.16% | -8.61% | 5.49% | 8.57% | 4.26% | -10.60% |
| 2021 | -0.50% | -0.94% | 1.99% | -1.20% | 4.82% | 0.63% | 2.18% | -1.96% | -12.07% | -1.63% | -8.01% | 15.59% |
| 2020 | -1.41% | -6.40% | -6.43% | 13.41% | -1.86% | -1.11% | -0.90% | 5.23% | -3.07% | -3.20% | 5.42% | -1.77% |
| 2019 | -3.84% | 5.41% | -7.66% | -3.37% | -2.05% | 0.20% | -2.84% | 7.90% | 5.89% | 12.29% | -1.81% | 11.95% |
| 2018 | 1.95% | 6.47% | -4.31% | -17.16% | 1.23% | 4.59% | 6.49% | 2.87% | 2.61% | -18.97% | 5.49% | -2.99% |
| 2017 | -16.37% | 15.43% | -4.60% | 2.79% | -4.24% | 3.19% | 1.12% | 5.83% | 5.60% | -3.35% | 2.15% | -2.98% |
| 2016 | 13.38% | -0.68% | 2.57% | 1.56% | -23.61% | -6.39% | -5.62% | 10.82% | 4.47% |
Performance Indicators
The charts below present risk-adjusted performance metrics for Bristol-Myers Squibb Co. (BMY) and compare them to a Benchmark (SPY). These indicators evaluate an investment's returns against its associated risks.
Sharpe ratio
Sortino ratio
Omega ratio
Calmar ratio
Martin ratio
sharpe ratio
The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.
These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns.
The chart below shows the rolling Sharpe ratio of BMY compared to the benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.
Volatility Chart
The current Bristol-Myers Squibb Co. volatility is 1.55%, representing the standart deviation of percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. It shows the maximum percentage drop from a peak to a trough over a specified period, indicating the risk of significant losses.
Although chart shows positive values, it represents the percentage drop from the peak, so a value of 10% means the portfolio has dropped 10% from its highest point.
Income Statement
The income statement provides a summary of a company's revenues, expenses, and profits over a specific period. It shows how much money the company earned (revenues) and how much it spent (expenses), leading to the net income or profit. This statement is crucial for understanding a company's financial performance and profitability.
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Liabilities And Equity (USD) | 90.04B | 92.60B | 95.16B | 96.82B | 109.31B | 118.48B | 129.94B | 34.99B | 33.55B | 33.71B | 31.75B | 33.75B | 38.59B | 35.90B | 32.97B | 31.01B |
| Equity Attributable To Parent (USD) | 18.47B | 16.34B | 29.43B | 31.06B | 35.95B | 37.82B | 51.60B | 14.03B | 11.74B | 16.18B | 14.27B | 14.85B | 15.15B | 13.62B | 15.96B | 14.84B |
| Equity Attributable To Noncontrolling Interest (USD) | 33.00M | 53.00M | 55.00M | 57.00M | 60.00M | 60.00M | 100.00M | 96.00M | 106.00M | 170.00M | 158.00M | 131.00M | 82.00M | 15.00M | -89.00M | -58.00M |
| Equity (USD) | 18.51B | 16.39B | 29.49B | 31.12B | 36.01B | 37.88B | 51.70B | 14.13B | 11.85B | 16.35B | 14.42B | 14.98B | 15.24B | 13.64B | 15.87B | 14.79B |
| Commitments and Contingencies (USD) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-current Liabilities (USD) | 3.29B | 3.01B | 3.89B | 4.86B | 7.07B | 11.18B | 13.79B | 3.31B | - | - | - | - | 2.94B | 6.75B | - | - |
| Long-term Debt (USD) | 44.83B | 49.43B | 39.53B | 38.95B | 44.37B | 50.34B | 46.15B | 6.90B | - | - | - | - | 7.98B | 7.23B | - | - |
| Noncurrent Liabilities (USD) | 48.12B | 52.44B | 43.41B | 43.81B | 51.44B | 61.52B | 59.94B | 10.21B | 12.14B | 8.52B | 9.31B | 10.31B | 10.92B | 13.98B | 9.32B | 9.91B |
| Other Current Liabilities (USD) | 18.28B | 18.48B | 17.71B | 17.43B | 17.54B | 14.96B | 14.40B | 7.91B | 6.45B | 6.36B | 5.55B | 5.08B | 9.15B | 5.23B | 5.18B | 4.60B |
| Wages (USD) | 1.56B | 1.69B | 1.29B | 1.43B | 1.38B | 1.41B | 1.46B | 848.00M | 869.00M | 818.00M | 904.00M | 892.00M | 735.00M | 844.00M | - | - |
| Accounts Payable (USD) | 3.58B | 3.60B | 3.26B | 3.04B | 2.95B | 2.71B | 2.45B | 1.89B | 2.25B | 1.66B | 1.57B | 2.49B | 2.56B | 2.20B | 2.60B | 1.71B |
| Current Liabilities (USD) | 23.42B | 23.77B | 22.26B | 21.89B | 21.87B | 19.08B | 18.30B | 10.65B | 9.56B | 8.84B | 8.02B | 8.46B | 12.44B | 8.28B | 7.78B | 6.31B |
| Liabilities (USD) | 71.53B | 76.22B | 65.67B | 65.70B | 73.31B | 80.60B | 78.25B | 20.86B | 21.70B | 17.36B | 17.32B | 18.77B | 23.36B | 22.26B | 17.10B | 16.22B |
| Other Non-current Assets (USD) | 34.00B | 32.38B | 29.67B | 27.43B | 27.48B | 29.16B | 30.37B | 11.71B | 12.49B | 13.64B | 15.50B | 12.97B | 12.78B | 12.27B | 10.01B | 9.13B |
| Intangible Assets (USD) | 19.10B | 23.31B | 27.07B | 35.86B | 42.53B | 53.24B | 63.97B | 1.09B | 1.21B | 1.39B | 1.42B | 1.75B | 2.32B | 8.78B | 3.12B | 2.87B |
| Fixed Assets (USD) | 7.54B | 7.14B | 6.65B | 6.26B | 6.05B | 5.89B | 6.25B | 5.03B | 5.00B | 4.98B | 4.41B | 4.42B | 4.58B | 5.33B | 4.52B | 5.06B |
| Noncurrent Assets (USD) | 60.65B | 62.82B | 63.39B | 69.55B | 76.05B | 88.29B | 100.59B | 17.83B | 18.70B | 20.00B | 21.33B | 19.14B | 19.68B | 26.38B | 17.65B | 17.05B |
| Other Current Assets (USD) | 15.29B | 16.48B | 18.19B | 15.05B | 21.80B | 19.62B | 17.38B | 10.00B | 7.39B | 6.92B | 4.90B | 9.66B | 14.06B | 4.43B | 9.93B | 9.13B |
| Prepaid Expenses (USD) | - | - | - | - | - | - | - | - | - | - | - | - | - | 355.00M | 258.00M | 256.00M |
| Inventory (USD) | 2.69B | 2.56B | 2.66B | 2.34B | 2.10B | 2.07B | 4.29B | 1.20B | 1.17B | 1.24B | 1.22B | 1.56B | 1.50B | 1.66B | 1.38B | 1.41B |
| Accounts Receivable (USD) | 11.41B | 10.75B | 10.92B | 9.89B | 9.37B | 8.50B | 7.69B | 5.97B | 6.30B | 5.54B | 4.30B | 3.39B | 3.36B | 3.08B | 3.74B | 3.16B |
| Current Assets (USD) | 29.39B | 29.78B | 31.77B | 27.27B | 33.26B | 30.19B | 29.35B | 17.16B | 14.85B | 13.70B | 10.42B | 14.61B | 18.92B | 9.52B | 15.32B | 13.96B |
| Assets (USD) | 90.04B | 92.60B | 95.16B | 96.82B | 109.31B | 118.48B | 129.94B | 34.99B | 33.55B | 33.71B | 31.75B | 33.75B | 38.59B | 35.90B | 32.97B | 31.01B |
News and Insights
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AbbVie and Bristol Myers Squibb are highlighted as exceptions in the healthcare sector, offering above-average dividend yields and consistent dividend growth. AbbVie, a Dividend King with a 3.4% yield, has successfully transitioned from its blockbuster drug Humira to new treatments Skyrizi and Rinvoq. Bristol Myers Squibb, yielding 4.4%, is navigating patent cliffs through innovation in its oncology portfolio, making both attractive for patient, buy-and-hold dividend investors.

Bristol Myers Squibb offers an attractive 4.4% dividend yield and has raised dividends for 17 consecutive years, but the author recommends against buying due to significant patent cliffs on key drugs like Eliquis and Opdivo. With revenue expected to decline from $48.2 billion to $46-47.5 billion, there is substantial uncertainty about the company's ability to maintain its dividend payments in the coming years.

The FDA approved Bristol Myers Squibb's Opdivo (nivolumab) combined with chemotherapy (AVD) for previously untreated Stage III or IV classical Hodgkin lymphoma in patients 12 years and older. The approval was based on Study CA209-8UT showing superior progression-free survival with a hazard ratio of 0.42. Despite the regulatory win, BMY stock declined 1.33% to $57.34 on the announcement day.
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The article recommends the Schwab U.S. Dividend Equity ETF (SCHD) as a defensive investment option, highlighting its combination of solid growth (averaging over 13% annual gains over the past decade) and a 3.3% dividend yield. The author suggests that investing $100 monthly could grow to approximately $68,730 in 20 years with a 10% annual return, making it suitable for investors seeking both capital appreciation and regular income in uncertain economic times.

The Schwab U.S. Dividend Equity ETF (SCHD) offers a diversified portfolio of 101 high-quality dividend stocks with only 8.2% technology exposure, making it an attractive hedge against AI disruption. The ETF yields about 3.4% and holds blue-chip companies like Lockheed Martin, ConocoPhillips, Chevron, and Verizon Communications, positioning it as a buy-and-hold investment for passive income seekers.

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