Biogen (BIIB) Return on Capital Employed [ROCE] (2009 - 2026)
Biogen's Return on Capital Employed [ROCE] was 1.58% in Q3 2026, down 5.89 percentage points from 7.47% a year earlier and down 2.18 percentage points from the prior quarter.
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Analysis
Biogen (BIIB) Return on Capital Employed [ROCE] (2009 - 2026) Analysis & Trends
For FY2025, Return on Capital Employed [ROCE] at Biogen came in at 6.13%, down 2.57 percentage points from FY2024.
- Return on Capital Employed [ROCE] shows a five-year change of -14.38 percentage points (FY2020 to FY2025).
- In earlier years, Return on Capital Employed [ROCE] was 8.70% in FY2024 (+2.87 pp), 5.82% in FY2023 (-11.33 pp), 17.15% in FY2022 (+2.91 pp) and 14.24% in FY2021 (-6.27 pp).
- The Q3 2026 figure marks the lowest quarterly Return on Capital Employed [ROCE] in data going back to Q3 2009.
- Compared with a year earlier, Return on Capital Employed [ROCE] has declined for five straight quarters, with an average year-over-year change of -0.97 percentage points over the last eight quarters.
- The best year-over-year quarter for Return on Capital Employed [ROCE] over five years was Q3 2022 (a gain of 8.59 percentage points); the worst was Q4 2023 (a drop of 12.60 percentage points).
- Per Business Quant data, BIIB's Return on Capital Employed [ROCE] in the three quarters before Q3 2026 was 3.76% (Q2 2026), 6.13% (Q1 2026) and 5.99% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,359.75 Bn | 1,333.37 Bn | 20.46 Bn | 35.41% |
| 2 | Johnson & Johnson | 688.76 Bn | 608.62 Bn | 17.30 Bn | 17.52% |
| 3 | AbbVie | 521.69 Bn | 489.75 Bn | 13.12 Bn | 21.60% |
| 4 | Merck | 364.31 Bn | 327.31 Bn | 13.19 Bn | 4.65% |
| 5 | Novartis Ag | 306.35 Bn | 279.93 Bn | - | - |
| 6 | Astrazeneca | 285.96 Bn | 259.56 Bn | 13.26 Bn | 9.91% |
| 7 | Amgen | 251.88 Bn | 203.53 Bn | 7.58 Bn | 17.37% |
| 8 | Gilead Sciences | 208.59 Bn | 183.61 Bn | 6.73 Bn | -6.15% |
| 9 | Pfizer | 164.73 Bn | 112.38 Bn | 12.56 Bn | 11.32% |
| 10 | Biogen | 37.46 Bn | 26.77 Bn | 2.06 Bn | 1.58% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 1.58% |
| Jun 30, 2026 | 3.76% |
| Mar 31, 2026 | 6.13% |
| Dec 31, 2025 | 5.99% |
| Sep 30, 2025 | 7.47% |
| Jun 30, 2025 | 7.19% |
| Mar 31, 2025 | 7.70% |
| Dec 31, 2024 | 8.41% |
| Sep 30, 2024 | 8.61% |
| Jun 30, 2024 | 5.57% |
| Mar 31, 2024 | 5.64% |
| Dec 31, 2023 | 5.38% |
| Sep 30, 2023 | 7.43% |
| Jun 30, 2023 | 14.39% |
| Mar 31, 2023 | 17.08% |
| Dec 31, 2022 | 17.99% |
| Sep 30, 2022 | 18.24% |
| Jun 30, 2022 | 16.87% |
| Mar 31, 2022 | 12.51% |
| Dec 31, 2021 | 14.54% |
API Access
Biogen Return on Capital Employed [ROCE] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=BIIB&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "ticker": "BIIB", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=BIIB&period=max&api_key=YOUR_API_KEY");
const data = await res.json();