Amgen (AMGN) Return on Capital Employed (2009 - 2026)
Amgen (AMGN) recorded quarterly Return on Capital Employed of 15.87% in Q1 2026, up 13.39% quarter-over-quarter from 14.0% in Q4 2025, and up 486.0% on a YoY basis from 2.71% in Q1 2025.
Amgen (AMGN) Return on Capital Employed (2009 - 2026) Analysis & Trends
Amgen's Return on Capital Employed history runs 17 years deep, the most recent figure standing at 15.87% for Q1 2026.
- In Q1 2026, Return on Capital Employed rose 486.0% year-over-year to 15.87%; the TTM figure through Mar 2026 stood at 15.87% (up 486.0% YoY), while the FY2025 annual figure was 13.82%, up 365.0% from the prior year.
- Return on Capital Employed was 15.87% for Q1 2026 at Amgen, up from 14.0% in the prior quarter.
- In the past five years, Return on Capital Employed ranged from a high of 20.44% in Q3 2022 to a low of 8.79% in Q2 2024.
- Historically, Return on Capital Employed has averaged 13.55% across 5 years, with a median of 12.9% in 2025.
- The sharpest annual moves came in 2022 and 2023: Return on Capital Employed jumped 499 bps in 2022, then sank 917 bps in 2023.
- A 5-year view of Return on Capital Employed shows it stood at 19.63% in 2022, then tumbled by 47 bps to 10.47% in 2023, then increased by 2 bps to 10.63% in 2024, then soared by 32 bps to 14.0% in 2025, then grew by 13 bps to 15.87% in 2026.
- The last three Return on Capital Employed figures came in at 15.87% (Q1 2026), 14.0% (Q4 2025), and 12.9% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Gsk | 92,316,836.42 Bn | 92,316,831.46 Bn | 7.76 Bn | 9.49% |
| 2 | Eli Lilly | 983.57 Bn | 978.29 Bn | 16.22 Bn | 42.94% |
| 3 | Johnson & Johnson | 553.56 Bn | 531.50 Bn | 15.96 Bn | 28.18% |
| 4 | AbbVie | 383.35 Bn | 374.00 Bn | 10.78 Bn | 16.47% |
| 5 | Merck | 281.71 Bn | 276.06 Bn | 12.09 Bn | -5.22% |
| 6 | Amgen | 182.20 Bn | 170.16 Bn | 5.87 Bn | 15.87% |
| 7 | Gilead Sciences | 153.71 Bn | 145.98 Bn | 5.52 Bn | 21.53% |
| 8 | Pfizer | 143.75 Bn | 130.98 Bn | -1.21 Bn | -10.20% |
| 9 | Bristol Myers Squibb | 109.71 Bn | 99.25 Bn | 8.07 Bn | -6.84% |
| 10 | Novartis Ag | 108.28 Bn | 107.60 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 15.87% |
| Dec 31, 2025 | 14.00% |
| Sep 30, 2025 | 12.90% |
| Jun 30, 2025 | 12.02% |
| Mar 31, 2025 | 11.01% |
| Dec 31, 2024 | 10.63% |
| Sep 30, 2024 | 8.81% |
| Jun 30, 2024 | 8.79% |
| Mar 31, 2024 | 9.25% |
| Dec 31, 2023 | 10.47% |
| Sep 30, 2023 | 12.06% |
| Jun 30, 2023 | 13.12% |
| Mar 31, 2023 | 14.33% |
| Dec 31, 2022 | 19.63% |
| Sep 30, 2022 | 20.44% |
| Jun 30, 2022 | 20.07% |
| Mar 31, 2022 | 16.94% |
| Dec 31, 2021 | 15.01% |
| Sep 30, 2021 | 15.45% |
| Jun 30, 2021 | 15.93% |