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
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%