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
DateValue
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%