Cannabismarketcap

Jazz Pharmaceuticals (JAZZ) Stock Analysis — November 2026

Last updated: Nov 5, 2026NASDAQ: JAZZCannabis Biotech

Executive Summary

Jazz Pharmaceuticals (NASDAQ: JAZZ) is a cannabis biotech company currently priced at $234.66 per share with a market capitalization of $14.90B. The company generates trailing twelve-month revenue of $4.72B and year-over-year revenue growth of +13.48%. The stock trades on the NASDAQ exchange in the United States market, and is positioned as a large-cap player within the cannabis sector.

Price
$234.66
+2.14%
Market Cap
$14.90B
NASDAQ
Revenue (TTM)
$4.72B
+13.48% YoY
P/S Ratio
3.16x
EV/Rev 3.91x

Key Takeaways

Market Capitalization

Jazz Pharmaceuticals has a market cap of $14.90B, making it a large-cap cannabis company listed on the NASDAQ.

Revenue Growth

Trailing twelve-month revenue is $4.72B with year-over-year growth of +13.5%. Modest growth indicates steady but unspectacular top-line expansion.

Balance Sheet Health

Jazz Pharmaceuticals holds $2.04B in cash against $5.57B in debt, resulting in a net debt position of $3.53B.

Valuation

The stock trades at a P/S ratio of 3.16x and EV/Revenue of 3.91x. Multiples are in a moderate range for cannabis stocks.

52-Week Price Position

At $234.66, the stock trades at 77% of its 52-week range ($128.80 – $266.38). Trading near yearly highs may indicate momentum but also elevated risk.

Jazz Pharmaceuticals Company Overview

Jazz Pharmaceuticals (NASDAQ: JAZZ) is a cannabis biotech company currently trading at $234.66 per share with a market capitalization of $14.90B. The stock gained +2.14% in the most recent trading session on volume of 898.5K shares. Jazz Pharmaceuticals is headquartered in the United States and employs approximately 2,890 people. As a participant in the cannabis biotech segment, the company operates within one of the most dynamic and rapidly evolving sectors of the North American economy.

On the revenue front, Jazz Pharmaceuticals generated $4.72B in trailing twelve-month (TTM) revenue, reflecting year-over-year growth of +13.5%. This growth rate is outpacing the Biotech sector average of +4.8%. Revenue trends in the cannabis industry are closely watched by analysts, as the sector continues to navigate pricing compression, oversupply dynamics in certain markets, and the ongoing burden of IRS Section 280E, which prevents cannabis businesses from deducting ordinary business expenses at the federal level.

Financial Analysis

Revenue (TTM)
$4.72B
Gross Margin
—
Revenue Growth
+13.48%
Cash on Hand
$2.04B
Total Debt
$5.57B
Cash Runway
—

Jazz Pharmaceuticals generated $4.72B in trailing twelve-month revenue, reflecting year-over-year growth of +13.48%.

Revenue momentum is a critical metric for cannabis companies, as the industry continues to evolve through shifts in consumer demand, regulatory changes, and competitive dynamics. Jazz Pharmaceuticals's modest growth of +13.48% suggests steady but measured expansion, which may reflect the challenges of growing in a maturing cannabis market environment where pricing pressure and competition are intensifying. The cannabis industry's profitability dynamics are heavily influenced by IRS Section 280E, which prevents plant-touching operators from deducting ordinary business expenses for federal income tax purposes, effectively creating tax rates that can exceed 70% of gross profit.

Valuation Analysis

From a valuation perspective, Jazz Pharmaceuticals trades at a price-to-sales (P/S) ratio of 3.16x, which is above the sector median of 0.96x, suggesting the market is pricing in higher growth expectations or a premium for Jazz Pharmaceuticals's market position. The enterprise value-to-revenue (EV/Revenue) multiple stands at 3.91x. Cannabis stock valuations have compressed significantly from their 2021 highs, and current multiples reflect a more mature market environment where investors demand clear paths to profitability. For context, the broader Biotech sector contains 4 publicly traded companies tracked by Cannabismarketcap, and Jazz Pharmaceuticals's valuation should be considered within the context of its specific growth profile and competitive positioning.

At a price-to-sales ratio of 3.16x and an enterprise value-to-revenue multiple of 3.91x, Jazz Pharmaceuticals's valuation reflects the market's current assessment of the company's growth potential and risk profile. Enterprise value — calculated as market capitalization plus total debt minus cash — stands at approximately $18.43B, providing a more complete picture of the company's total valuation when accounting for balance sheet items. Investors should compare these multiples against both direct sector peers and historical ranges to determine whether JAZZ is trading at a premium or discount.

Biotech Sector Peer Comparison

CompanyPriceMarket CapP/SEV/RevGross MarginRev Growth
JAZZ$234.66$14.90B3.16x3.91x—+13.48%
INNPF$1.29$93.1M————
BHST$1.46$33.1M0.96x0.30x59.3%+37.00%
XXII$0.0420$30.0K0.00x-0.38x—-27.44%

Balance Sheet Deep Dive

Cash & Equivalents
$2.04B
Total Debt
$5.57B
Net Debt Position
-$3.53B

Jazz Pharmaceuticals carries net debt of $3.53B, with $5.57B in total debt against $2.04B in cash and equivalents. Access to capital remains a persistent challenge for cannabis companies, particularly plant-touching operators that are excluded from traditional banking services and institutional lending. Many cannabis companies have turned to sale-leaseback transactions, private placements, and at-the-market (ATM) equity offerings to fund operations. Jazz Pharmaceuticals's balance sheet should be evaluated with these industry-specific constraints in mind.

Jazz Pharmaceuticals carries a net debt position of $3.53B, with $5.57B in total debt exceeding $2.04B in cash and equivalents. Investors should monitor the company's ability to service its debt obligations, improve operational cash flow, and potentially refinance existing obligations at favorable terms. In the cannabis industry, where access to traditional banking remains restricted, balance sheet strength is a critical differentiator.

The company's annual share dilution rate is not reported in our data. With 64.2M shares currently outstanding, any additional equity issuance directly impacts per-share metrics including earnings per share, book value per share, and ownership percentage.

Cannabis Biotech Sector Context

Within the Cannabis Biotech sector, Jazz Pharmaceuticals ranks #1 out of 4 companies by market capitalization, commanding a 99.2% share of the sector's total market cap of $15.03B. Cannabis biotech companies focus on developing pharmaceutical products derived from cannabinoids. These firms typically pursue FDA-approved drug development pathways and conduct clinical trials to bring cannabinoid-based therapeutics to market. The largest company in the sector by market cap is Jazz Pharmaceuticals (JAZZ) at $14.90B, followed by InnocanPharma (INNPF) at $93.1M.

By revenue, Jazz Pharmaceuticals ranks #1 of 3 sector companies that report revenue, with $4.72B in trailing twelve-month sales. The sector's top revenue generator is Jazz Pharmaceuticals at $4.72B. Revenue growth of +13.5% year-over-year demonstrates the company's ability to expand its top line in a competitive market.

What distinguishes Jazz Pharmaceuticals within the Cannabis Biotech space includes the largest company by market cap in its sector; the highest revenue generator among its peers; a large workforce of 2,890 employees. These characteristics help define the company's competitive positioning and investment thesis relative to the 3 other Biotech companies tracked by Cannabismarketcap. Investors comparing cannabis stocks within this sector should consider not just valuation multiples, but also balance sheet strength, management execution, and geographic or product diversification.

Historical Price Performance

52-Week Range77% from low
$128.80
$266.38
Current: $234.66

Jazz Pharmaceuticals (JAZZ) currently trades at $234.66, which places the stock at approximately 77% of its 52-week trading range. Over the past twelve months, JAZZ has traded as high as $266.38 and as low as $128.80, representing a 106.8% spread between the yearly high and low. The current price sits 11.9% below the 52-week high and 82.2% above the 52-week low. This range provides important context for understanding the stock's recent volatility and where current levels fall within the broader price history.

In the most recent trading session, JAZZ rose +2.14% from a previous close of $229.74 to $234.66, on volume of 898.5K shares. This positive session is within the range of normal daily fluctuations for cannabis stocks, which tend to exhibit higher volatility than the broader equity market. The stock has 64,189,052 shares outstanding, giving it a fully diluted market capitalization that investors should factor into their analysis alongside the current $14.90B market cap figure.

Cannabis stocks have historically exhibited significant price volatility driven by regulatory developments, earnings surprises, and shifts in market sentiment toward the sector. JAZZ is trading in the upper portion of its 52-week range, which could indicate positive momentum, but investors should be cautious about buying near yearly highs. Historical price levels should be considered alongside fundamental data — including revenue trends, margin improvement, and balance sheet health — to form a complete investment thesis.

Investment Thesis

A balanced framework for evaluating Jazz Pharmaceuticals (JAZZ) as a potential investment, considering both the upside catalysts and downside risks based on the company's current financial data and industry positioning.

Bull Case
1

Strong revenue growth of +13.48% year-over-year demonstrates expanding market share and successful execution of the company's growth strategy. If this trajectory continues, Jazz Pharmaceuticals could meaningfully increase its top-line revenue and improve its competitive standing within the Biotech sector.

2

Potential for margin recovery as the cannabis market matures and pricing stabilizes. Regulatory reform — particularly the rescheduling of cannabis and elimination of Section 280E tax burdens — could dramatically improve the gross margin profile for Jazz Pharmaceuticals and the broader industry.

3

Federal cannabis reform — including potential rescheduling, banking access via the SAFE Banking Act, or eventual descheduling — would be a transformative catalyst for Jazz Pharmaceuticals and the entire cannabis sector. Any legislative progress could unlock institutional capital flows, improve banking access, and eliminate the Section 280E tax burden that suppresses profitability industry-wide.

Bear Case
1

Intensifying competition from both legal operators and the persistent illicit market could pressure Jazz Pharmaceuticals's revenue growth and margins. The cannabis industry remains highly fragmented, and market share gains are becoming increasingly difficult as more states award licenses and new competitors enter the market.

2

Net debt position of $3.53B creates financing risk. The company may need to raise additional capital through dilutive equity offerings or high-cost debt, which would further pressure per-share value and increase financial risk.

3

Regulatory uncertainty remains the single largest risk for Jazz Pharmaceuticals and all cannabis investments. Federal prohibition in the United States creates ongoing challenges including Section 280E tax burdens, limited interstate commerce, and the risk of enforcement actions. State-level regulatory changes, licensing moratoriums, and social equity requirements add additional layers of unpredictability that can materially impact the company's operations and growth plans.

Risk Factors

Key risks that investors should consider before investing in Jazz Pharmaceuticals (JAZZ). This is not an exhaustive list, and investors should conduct their own due diligence.

Regulatory & Legal Risk

Cannabis remains a Schedule I controlled substance under federal law, creating fundamental legal uncertainty for Jazz Pharmaceuticals and all plant-touching cannabis operators. Changes in federal enforcement policy, state regulatory frameworks, or local ordinances could materially impact the company's operations, licensing, and financial performance. The evolving patchwork of state regulations creates compliance complexity and limits the ability to operate across state lines.

Balance Sheet & Liquidity Risk

With $2.04B in cash against $5.57B in total debt, Jazz Pharmaceuticals faces potential liquidity constraints. The company may need to secure additional financing through equity raises (which dilute shareholders), debt issuance (which increases financial risk), or asset sales (which may reduce operational capacity). Cannabis companies' limited access to traditional banking further constrains available financing options.

Section 280E Tax Burden

Under IRS Section 280E, cannabis businesses are prohibited from deducting ordinary business expenses for federal income tax purposes. This effectively results in tax rates that can exceed 70% of gross profit for plant-touching operators, significantly reducing cash flow available for reinvestment and debt service. While potential rescheduling could eliminate this burden, the timeline and outcome remain uncertain, and Jazz Pharmaceuticals's profitability metrics should be evaluated with this tax overhang in mind.

Market & Competition Risk

The cannabis industry faces pricing pressure from oversupply in mature markets, competition from the illicit market (which avoids regulatory costs and taxation), and evolving consumer preferences. Jazz Pharmaceuticals competes for market share against both established operators and well-funded new entrants. Price compression in key markets has squeezed margins across the industry, and any worsening of these trends could materially impact the company's revenue and profitability outlook.

Frequently Asked Questions

Common questions about Jazz Pharmaceuticals (JAZZ) stock, answered with real-time data from Cannabismarketcap.

What is Jazz Pharmaceuticals's (JAZZ) stock price today?

Jazz Pharmaceuticals (JAZZ) stock is currently trading at $234.66 per share on the NASDAQ exchange. This represents a daily gain of +2.14% ($4.92) from the previous closing price of $229.74. Over the past 52 weeks, JAZZ has traded between a low of $128.80 and a high of $266.38, placing the current price at approximately -12% from its annual high. The stock has a market capitalization of $14.90B, making it one of the larger cannabis companies tracked by Cannabismarketcap. Jazz Pharmaceuticals operates in the Biotech sector, classified under "PHARMACEUTICAL PREPARATIONS", serving the broader cannabis industry.

What is Jazz Pharmaceuticals's market capitalization?

Jazz Pharmaceuticals (JAZZ) has a current market capitalization of $14.90B, calculated by multiplying its 64.2M shares outstanding by the current stock price of $234.66. Market capitalization is a key measure of a company's total equity value as perceived by the public market, and it places Jazz Pharmaceuticals among the large-cap cannabis companies tracked on Cannabismarketcap. For context, the enterprise value (market cap plus debt minus cash) stands at $18.43B, which accounts for the company's balance sheet structure. Investors often use market cap alongside revenue and profitability metrics to assess relative valuation within the cannabis sector.

What is Jazz Pharmaceuticals's annual revenue?

Jazz Pharmaceuticals (JAZZ) reports trailing twelve month (TTM) revenue of $4.72B, reflecting the total sales generated by the company over the most recent four quarters. Revenue has changed +13.48% year-over-year, indicating growth momentum relative to the prior period. The current price-to-sales ratio is 3.16x, which means investors are paying $3.16 for every $1 of annual revenue — a moderate valuation in the context of the cannabis sector. Revenue is one of the most closely watched metrics for cannabis companies, as many are still scaling operations in a rapidly evolving regulatory environment. View the full income statement and quarterly revenue breakdown on Cannabismarketcap for detailed trend analysis.

What are Jazz Pharmaceuticals's key financial metrics?

Jazz Pharmaceuticals (JAZZ) reports several important financial metrics that investors track closely. The company has a market capitalization of $14.90B, trailing twelve month revenue of $4.72B. Jazz Pharmaceuticals holds $2.04B in cash and equivalents against $5.57B in total debt. Total debt equals 0.37x market capitalization. The price-to-sales ratio stands at 3.16x, while the enterprise value to revenue multiple is 3.91x. With 64.2M shares outstanding, investors should consider both the fundamental financial performance and share structure when evaluating JAZZ.

How many employees does Jazz Pharmaceuticals have?

Jazz Pharmaceuticals currently employs approximately 2,890 people across its operations. As a cannabis biotech company headquartered in the United States, its workforce supports activities spanning pharmaceutical preparations and related business functions. Based on trailing twelve month revenue of $4.72B, this equates to approximately $1.6M in revenue per employee, which is a useful efficiency metric for comparing operational productivity across cannabis companies. Employee count is an important indicator of a company's operational scale and its capacity for growth in an industry that remains highly labor-intensive due to regulatory requirements.

What exchange is JAZZ listed on?

Jazz Pharmaceuticals trades under the ticker symbol JAZZ on the NASDAQ exchange, and the stock is denominated in US dollars (USD). Shares can typically be purchased through most standard brokerage accounts. The company has been publicly listed since 2007-06-01, giving it a track record in the public markets that investors can analyze for long-term trends. The stock sees average daily trading volume of approximately 898.5K shares, which is an important consideration for liquidity and the ability to enter or exit positions without significant price impact.

What sector is Jazz Pharmaceuticals in?

Jazz Pharmaceuticals is classified as a cannabis biotech company, meaning it focuses on pharmaceutical and biotechnology applications of cannabinoids, including drug development and clinical research. Its official SIC classification is "PHARMACEUTICAL PREPARATIONS," which provides additional detail about its core business activities. The Biotech sector is a key segment of the cannabis market, and investors often compare companies within the same sector to identify relative outperformers. You can compare JAZZ with other Biotech stocks on Cannabismarketcap's sector page to see how it ranks on metrics like market cap, revenue, and margins.

How does JAZZ compare to other cannabis stocks?

You can compare Jazz Pharmaceuticals (JAZZ) side-by-side with any cannabis stock on Cannabismarketcap using the dedicated comparison tool. Key comparison metrics include market cap ($14.90B), trailing twelve month revenue ($4.72B), price-to-sales ratio (3.16x). Jazz Pharmaceuticals sits in the Biotech sector, so the most relevant peer comparisons would be against other Biotech companies, though cross-sector comparisons can also reveal interesting insights about relative valuation. Visit the rankings page to see where JAZZ stands across all cannabis companies on metrics like revenue growth (+13.48% YoY), cash position ($2.04B), and employee count (2,890).

What is JAZZ's 52-week trading range?

Jazz Pharmaceuticals (JAZZ) has traded between a 52-week low of $128.80 and a 52-week high of $266.38, with the current price of $234.66 sitting approximately -12% from the annual high. This range represents a spread of $137.57 (107% from low to high), which reflects the volatility the stock has experienced over the past year. The 52-week range is a commonly used technical indicator that helps investors understand whether a stock is trading near the top or bottom of its recent range, and it can inform decisions about entry and exit points. Cannabis stocks in general tend to exhibit higher volatility than broader market indices due to evolving regulations and market sentiment.

How does Jazz Pharmaceuticals's valuation compare to cannabis industry peers?

Jazz Pharmaceuticals (JAZZ) is valued at a market capitalization of $14.90B with a price-to-sales ratio of 3.16x, and an enterprise value of $18.43B. The EV/Revenue multiple of 3.91x provides a debt-adjusted view of valuation relative to sales, which is particularly important for comparing companies with different capital structures. In the cannabis industry, valuations can vary significantly depending on sector (MSO, LP, Ancillary, etc.), growth rate, and path to profitability. Jazz Pharmaceuticals's positive revenue growth of +13.48% YoY may justify a premium relative to slower-growing peers. Investors can use the Cannabismarketcap rankings and comparison tools to benchmark JAZZ against specific competitors on valuation multiples, growth rates, and profitability.

What is Jazz Pharmaceuticals's enterprise value?

Jazz Pharmaceuticals (JAZZ) has an estimated enterprise value (EV) of $18.43B, which is calculated by taking the market capitalization of $14.90B, adding total debt of $5.57B, and subtracting cash and equivalents of $2.04B. Enterprise value is widely considered a more comprehensive measure of a company's total value than market cap alone because it accounts for the capital structure, including debt obligations and available liquidity. The resulting EV/Revenue ratio of 3.91x allows for an apples-to-apples comparison with peers regardless of differences in leverage. For cannabis companies in particular, where balance sheet health varies dramatically, enterprise value provides a more accurate picture of acquisition cost and relative valuation.

Is Jazz Pharmaceuticals stock overvalued or undervalued?

Determining whether Jazz Pharmaceuticals (JAZZ) is overvalued or undervalued requires analyzing multiple valuation metrics in context. The current price-to-sales ratio of 3.16x is moderate for the cannabis sector, suggesting the market is pricing in some growth expectations. The stock is currently trading at $234.66, which is -12% from its 52-week high of $266.38, with revenue growth of +13.48% YoY. Investors should consider the company's enterprise value of $18.43B, its cash position of $2.04B, and the broader cannabis industry outlook when forming a valuation opinion. Cannabismarketcap provides all the data needed for a thorough analysis, but this information should not be considered investment advice.

What are the risks of investing in Jazz Pharmaceuticals?

Investing in Jazz Pharmaceuticals (JAZZ) carries several risks that investors should carefully consider. First, the cannabis industry remains federally illegal in the United States, creating regulatory uncertainty that can impact stock prices, banking access, and tax obligations (notably IRC Section 280E). Second, Jazz Pharmaceuticals's balance sheet shows $5.57B in total debt against $2.04B in cash, which investors should monitor for dilution risk or liquidity concerns. Additionally, the stock has shown a 52-week range of $128.80 to $266.38, reflecting meaningful price volatility. As with all cannabis stocks, investors face risks from changing state regulations, competitive pressures, and the evolving legal landscape. This information is for educational purposes only and is not investment advice.

What is Jazz Pharmaceuticals's cash position and debt level?

Jazz Pharmaceuticals (JAZZ) holds $2.04B in cash and equivalents on its balance sheet, set against $5.57B in total debt. This gives the company a net debt position of $3.53B. Balance sheet strength is especially important in the cannabis industry, where companies often face limited access to traditional banking and capital markets. Investors should track these metrics over time on Cannabismarketcap to identify trends in cash consumption and debt management.

How many shares outstanding does Jazz Pharmaceuticals have?

Jazz Pharmaceuticals (JAZZ) currently has 64.2M shares outstanding, which when multiplied by the current stock price of $234.66 gives the company its market capitalization of $14.90B. Share count is important because all per-share metrics (earnings per share, book value per share, etc.) are directly impacted by changes in shares outstanding. Cannabis companies frequently issue new shares to raise capital, so monitoring dilution trends on Cannabismarketcap is recommended for long-term investors.

Does Jazz Pharmaceuticals pay a dividend?

Most cannabis companies, including Jazz Pharmaceuticals (JAZZ), do not currently pay dividends. The cannabis industry is still in a growth phase, and companies typically reinvest available capital into expanding operations, securing new licenses, building out retail and cultivation infrastructure, and navigating complex regulatory requirements. Additionally, the IRC Section 280E tax burden significantly reduces the free cash flow available for shareholder distributions. Investors in cannabis stocks should generally expect returns to come from capital appreciation rather than dividend income. If Jazz Pharmaceuticals initiates a dividend in the future, it would be reported in their SEC filings and reflected on Cannabismarketcap.

How can I research Jazz Pharmaceuticals stock before investing?

To research Jazz Pharmaceuticals (JAZZ) before investing, start with the company overview on Cannabismarketcap, which provides current price ($234.66), market cap ($14.90B), and key financial metrics. Next, review the full financial statements page for quarterly revenue trends, margins, and balance sheet details. Check the analyst ratings page for Wall Street consensus and price targets, and the technical analysis page for chart patterns and momentum indicators. Compare JAZZ against sector peers using the comparison tool to understand relative valuation. Review recent news coverage for regulatory developments or corporate events. Finally, read the investment analysis page for a comprehensive deep-dive. Cannabis investing carries unique risks including federal illegality, regulatory uncertainty, and limited banking access — always conduct thorough due diligence before making any investment decision.

What does Jazz Pharmaceuticals's market cap of $14.90B mean?

Jazz Pharmaceuticals's market capitalization of $14.90B represents the total market value of all its outstanding shares (64.2M shares multiplied by the current stock price of $234.66). Market cap is the primary measure investors use to classify companies by size: large-cap companies (over $1B) like Jazz Pharmaceuticals are generally considered more established with greater liquidity. In the cannabis sector, market cap is especially important because it determines index weighting, institutional investment eligibility, and often correlates with the company's operational scale and geographic reach. Jazz Pharmaceuticals currently ranks # among cannabis stocks tracked on Cannabismarketcap.

What regulatory risks does Jazz Pharmaceuticals face?

Jazz Pharmaceuticals (JAZZ), like all cannabis companies, faces significant regulatory risks that investors should understand. At the federal level, cannabis remains a Schedule I controlled substance in the United States, which restricts banking access, prevents standard business expense deductions under IRC Section 280E, and creates legal uncertainty. Jazz Pharmaceuticals is subject to the evolving regulatory landscape across the jurisdictions where it operates. Potential catalysts include federal rescheduling (which could ease 280E burdens), the SAFE Banking Act (which would improve banking access), and individual state legalization events. Conversely, regulatory setbacks such as license moratoriums, increased enforcement, or unfavorable tax policy changes pose downside risks. Investors should monitor legislative developments closely using Cannabismarketcap's news and legalization tracker.

More JAZZ Research & Data

Disclaimer: The information presented on this page is for informational and educational purposes only and does not constitute investment advice, financial advice, trading advice, or any other kind of advice. Cannabismarketcap does not recommend that any security be bought, sold, or held by you. All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. Cannabis stocks carry additional risks including federal illegality, regulatory uncertainty, limited banking access, and high volatility. Always conduct your own research and consider consulting a qualified financial advisor before making investment decisions.