Bristol Myers Squibb (BMY) Return on Capital Employed [ROCE] (2009 - 2026)
Bristol Myers Squibb's Return on Capital Employed [ROCE] came in at -4.05% for Q2 2026, up 7.43 percentage points from -11.48% a year earlier and up 2.79 percentage points from the prior quarter.
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Analysis
Bristol Myers Squibb (BMY) Return on Capital Employed [ROCE] (2009 - 2026) Analysis & Trends
For FY2025, Bristol Myers Squibb's Return on Capital Employed [ROCE] was -6.79%, up 25.09 percentage points from FY2024.
- Return on Capital Employed [ROCE] carries a five-year change of +10.95 percentage points (FY2020 to FY2025).
- Going back by year, Return on Capital Employed [ROCE] was -31.88% in FY2024 (-28.82 pp), -3.06% in FY2023 (-0.07 pp), -2.99% in FY2022 (-0.98 pp) and -2.00% in FY2021 (+15.73 pp).
- The Q2 2026 figure represents the highest quarterly Return on Capital Employed [ROCE] since Q4 2023.
- Year-over-year, Return on Capital Employed [ROCE] has increased for six consecutive quarters, with an average year-over-year change of +3.34 percentage points over the last eight quarters.
- The fastest year-over-year change in Return on Capital Employed [ROCE] over five years came in Q4 2025 (a gain of 25.64 percentage points), and the weakest in Q4 2024 (a drop of 29.04 percentage points).
- Business Quant data shows BMY's Return on Capital Employed [ROCE] at -6.84% (Q1 2026), -6.58% (Q4 2025) and -9.78% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,140.91 Bn | 1,109.50 Bn | 19.71 Bn | 46.74% |
| 2 | Johnson & Johnson | 634.46 Bn | 554.32 Bn | 17.30 Bn | 17.52% |
| 3 | AbbVie | 500.42 Bn | 473.54 Bn | 12.70 Bn | 17.92% |
| 4 | Merck | 355.19 Bn | 309.56 Bn | 12.21 Bn | 6.28% |
| 5 | Novartis Ag | 300.18 Bn | 264.17 Bn | 11.24 Bn | 19.32% |
| 6 | Astrazeneca | 263.17 Bn | 236.86 Bn | 12.86 Bn | 16.76% |
| 7 | Amgen | 237.83 Bn | 193.23 Bn | 7.24 Bn | 16.66% |
| 8 | Gilead Sciences | 193.81 Bn | 168.01 Bn | 6.22 Bn | -5.97% |
| 9 | Pfizer | 170.12 Bn | 116.76 Bn | 10.94 Bn | 11.86% |
| 10 | Bristol Myers Squibb | 125.33 Bn | 76.60 Bn | 9.25 Bn | -4.05% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -4.05% |
| Mar 31, 2026 | -6.84% |
| Dec 31, 2025 | -6.58% |
| Sep 30, 2025 | -9.78% |
| Jun 30, 2025 | -11.48% |
| Mar 31, 2025 | -11.63% |
| Dec 31, 2024 | -32.22% |
| Sep 30, 2024 | -26.26% |
| Jun 30, 2024 | -24.29% |
| Mar 31, 2024 | -23.72% |
| Dec 31, 2023 | -3.18% |
| Sep 30, 2023 | -2.78% |
| Jun 30, 2023 | -2.29% |
| Mar 31, 2023 | -1.88% |
| Dec 31, 2022 | -3.21% |
| Sep 30, 2022 | -2.72% |
| Jun 30, 2022 | -2.70% |
| Mar 31, 2022 | -2.78% |
| Dec 31, 2021 | -2.09% |
| Sep 30, 2021 | -16.45% |
API Access
Bristol Myers Squibb 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=BMY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "ticker": "BMY", "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=BMY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();