Madrigal Pharmaceuticals advertising spend, FY2025
Madrigal Pharmaceuticals (MDGL) reported $145M of advertising expense for the fiscal year ended Dec 31, 2025. That is 15.1% of revenue of $958M. Up 175.3% from FY2024.
Key facts
- Ad spend is 2.8x its FY2024 level ($52.7M), slower than revenue (5.3x).
- Madrigal Pharmaceuticals spends more on advertising than 20% of the 336 US-listed companies tracked. Its ad-to-revenue ratio is 2.9x the median of 5.2%.
Ad spend by fiscal year
Ad spend as % of revenue
History
Download CSVWhat the figure is
Advertising costs as disclosed in the annual report (XBRL tag AdvertisingExpense).
Compared with similar spenders
The 6 companies closest to Madrigal Pharmaceuticals in latest-year ad spend.
| Rank | Company | Ad spend | Ad / revenue | YoY | Fiscal year |
|---|---|---|---|---|---|
| 267 | Hormel Foods | $148M | 1.2% | -9.4% | FY2025 |
| 268 | loanDepot | $147M | 12.3% | +10.6% | FY2025 |
| 269 | Madrigal Pharmaceuticals | $145M | 15.1% | +175.3% | FY2025 |
| 270 | HubSpot | $144M | 4.6% | +22.5% | FY2025 |
| 271 | Owens Corning | $144M | 1.4% | +9.1% | FY2025 |
| 272 | BJ's Wholesale Club | $143M | 0.7% | +13.0% | FY2026 |
| 273 | Autohome | $143M | 15.5% | -19.0% | FY2025 |
Full ranking of 336 companies · Biggest increases #3 · New $100M spenders #2
Questions
How much does Madrigal Pharmaceuticals spend on advertising?
Madrigal Pharmaceuticals spent $145M on advertising in fiscal 2025, the year ended Dec 31, 2025, according to its 10-K filed Feb 19, 2026.
What percentage of revenue does Madrigal Pharmaceuticals spend on advertising?
15.1% of revenue in fiscal 2025 ($145M of $958M). The median across the 336 companies tracked is 5.2%.
Is Madrigal Pharmaceuticals spending more on advertising?
Yes. Ad spend rose 175.3% in fiscal 2025 from fiscal 2024.
How does Madrigal Pharmaceuticals rank by advertising spend?
#269 of 336 US-listed companies with $100M or more in ad spend, ranked on each company's latest fiscal year.
What does Madrigal Pharmaceuticals's advertising figure include?
Advertising costs as disclosed in the annual report (XBRL tag AdvertisingExpense).
Source
- Filing
- 10-K for FY2025, filed Feb 19, 2026
- Accession number
0001628280-26-009514- Company
- MADRIGAL PHARMACEUTICALS, INC., CIK 1157601, SIC 2834 (Pharmaceutical Preparations)
- Data
- SEC EDGAR XBRL company facts, retrieved Nov 4, 2026. Methodology.
- Cite
- Madrigal Pharmaceuticals advertising spend, FY2024-FY2025. Aleksei Trudov, io.trudov.com, from SEC EDGAR XBRL company facts (latest: 10-K filed Feb 19, 2026), retrieved Nov 4, 2026. https://io.trudov.com/company/madrigal-pharmaceuticals/advertising-spend/
- Download
- CSV, all years · CSV, all 336 companies