Amgen (AMGN) Return on Capital Employed (2009 - 2026)
Amgen (AMGN) posted quarterly Return on Capital Employed of 15.87% for Q1 2026, up 486.0% year-over-year from 2.71% in Q1 2025, and up 13.39% on a QoQ basis from 14.0% in Q4 2025.
Amgen (AMGN) Return on Capital Employed (2009 - 2026) Analysis & Trends
Amgen (AMGN) has reported Return on Capital Employed for 17 consecutive years, with 15.87% the latest figure, recorded in 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 came in at 15.87% for Q1 2026 at Amgen, up from 14.0% in the prior quarter.
- The five-year high for Return on Capital Employed was 20.44% in Q3 2022, with the low at 8.79% in Q2 2024.
- Average Return on Capital Employed over 5 years is 13.55%, with a median of 12.9% recorded in 2025.
- Across the five-year window, Return on Capital Employed jumped 499 bps in 2022 and slumped 917 bps in 2023, its largest moves.
- Year by year, Return on Capital Employed stood at 19.63% in 2022, then plunged by 47 bps to 10.47% in 2023, then advanced by 2 bps to 10.63% in 2024, then soared by 32 bps to 14.0% in 2025, then gained by 13 bps to 15.87% in 2026.
- According to Business Quant data, Return on Capital Employed over the past three periods registered 15.87%, 14.0%, and 12.9% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,066.16 Bn | 1,060.88 Bn | 16.22 Bn | 42.94% |
| 2 | Johnson & Johnson | 611.69 Bn | 589.64 Bn | 15.96 Bn | 28.18% |
| 3 | AbbVie | 444.34 Bn | 434.99 Bn | 10.78 Bn | 16.47% |
| 4 | Astrazeneca | 284.94 Bn | 277.05 Bn | 12.61 Bn | 9.76% |
| 5 | Merck | 224.23 Bn | 218.58 Bn | 12.09 Bn | -5.22% |
| 6 | Amgen | 195.12 Bn | 183.08 Bn | 5.87 Bn | 15.87% |
| 7 | Gilead Sciences | 156.45 Bn | 148.73 Bn | 5.52 Bn | 21.53% |
| 8 | Pfizer | 136.01 Bn | 123.24 Bn | -1.21 Bn | -10.20% |
| 9 | Novartis Ag | 113.45 Bn | 113.67 Bn | - | - |
| 10 | Biogen | 30.87 Bn | 26.59 Bn | 1.82 Bn | -3.07% |
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% |