Biogen (BIIB) Return on Invested Capital [ROIC] (2009 - 2026)
Biogen (BIIB) recorded Return on Invested Capital [ROIC] of 1.33% in Q3 2026, down 5.32 percentage points from 6.65% a year earlier and down 1.94 percentage points from the prior quarter.
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Analysis
Biogen (BIIB) Return on Invested Capital [ROIC] (2009 - 2026) Analysis & Trends
For FY2025, Biogen reported Return on Invested Capital [ROIC] of 5.44%, down 1.86 percentage points from FY2024.
- Annual Return on Invested Capital [ROIC] has a five-year change of -13.36 percentage points (FY2020 to FY2025).
- Across earlier years, Return on Invested Capital [ROIC] came in at 7.29% in FY2024 (+1.68 pp), 5.61% in FY2023 (-9.60 pp), 15.21% in FY2022 (+0.46 pp) and 14.76% in FY2021 (-4.04 pp).
- The Q3 2026 figure is the lowest quarterly Return on Invested Capital [ROIC] in data going back to Q3 2009.
- On a year-over-year basis, Return on Invested Capital [ROIC] has declined for five consecutive quarters, with an average year-over-year change of -0.94 percentage points over the last eight quarters.
- Peak year-over-year performance for Return on Invested Capital [ROIC] in the last five years was a gain of 3.99 percentage points in Q1 2023, against a drop of 11.00 percentage points in Q4 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at 3.27% (Q2 2026), 5.54% (Q1 2026) and 5.27% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,359.75 Bn | 1,333.37 Bn | 20.46 Bn | 30.89% |
| 2 | Johnson & Johnson | 688.76 Bn | 608.62 Bn | 17.30 Bn | 17.57% |
| 3 | AbbVie | 521.69 Bn | 489.75 Bn | 13.12 Bn | 24.28% |
| 4 | Merck | 364.31 Bn | 327.31 Bn | 13.19 Bn | 2.52% |
| 5 | Novartis Ag | 306.35 Bn | 279.93 Bn | - | - |
| 6 | Astrazeneca | 285.96 Bn | 259.56 Bn | 13.26 Bn | 23.11% |
| 7 | Amgen | 251.88 Bn | 203.53 Bn | 7.58 Bn | 15.60% |
| 8 | Gilead Sciences | 208.59 Bn | 183.61 Bn | 6.73 Bn | -6.11% |
| 9 | Pfizer | 164.73 Bn | 112.38 Bn | 12.56 Bn | 12.34% |
| 10 | Biogen | 37.46 Bn | 26.77 Bn | 2.06 Bn | 1.33% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 1.33% |
| Jun 30, 2026 | 3.27% |
| Mar 31, 2026 | 5.54% |
| Dec 31, 2025 | 5.27% |
| Sep 30, 2025 | 6.65% |
| Jun 30, 2025 | 6.25% |
| Mar 31, 2025 | 6.16% |
| Dec 31, 2024 | 6.89% |
| Sep 30, 2024 | 6.93% |
| Jun 30, 2024 | 5.24% |
| Mar 31, 2024 | 5.34% |
| Dec 31, 2023 | 5.40% |
| Sep 30, 2023 | 6.96% |
| Jun 30, 2023 | 13.06% |
| Mar 31, 2023 | 15.73% |
| Dec 31, 2022 | 16.41% |
| Sep 30, 2022 | 13.69% |
| Jun 30, 2022 | 11.05% |
| Mar 31, 2022 | 11.74% |
| Dec 31, 2021 | 14.36% |
API Access
Biogen Return on Invested Capital [ROIC] 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-invested-capital-%5Broic%5D&ticker=BIIB&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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-invested-capital-%5Broic%5D&ticker=BIIB&period=max&api_key=YOUR_API_KEY");
const data = await res.json();