Biote (BTMD) Return on Invested Capital [ROIC] (2022 - 2026)
Biote (BTMD) recorded Return on Invested Capital [ROIC] of 18.76% in Q2 2026, down 122.38 percentage points from 141.14% a year earlier and down 28.50 percentage points from the prior quarter.
Biote (BTMD) Return on Invested Capital [ROIC] (2022 - 2026) Analysis & Trends
For FY2025, Biote reported Return on Invested Capital [ROIC] of 122.64%, up 119.13 percentage points from FY2024.
- Annual Return on Invested Capital [ROIC] has a four-year change of -161.27 percentage points (FY2021 to FY2025).
- Across earlier years, Return on Invested Capital [ROIC] came in at 3.51% in FY2024 (-38.51 pp), 42.02% in FY2023 (+134.87 pp), -92.85% in FY2022 (-376.75 pp) and 283.90% in FY2021.
- The Q2 2026 figure is the lowest quarterly Return on Invested Capital [ROIC] since Q3 2023.
- On a year-over-year basis, Return on Invested Capital [ROIC] rose in two of the last four quarters, with an average year-over-year change of -25.69 percentage points.
- Peak year-over-year performance for Return on Invested Capital [ROIC] in the last five years was a gain of 282.42 percentage points in Q2 2023, against a drop of 267.75 percentage points in Q1 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at 47.26% (Q1 2026), 80.61% (Q4 2025) and 111.42% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 106.37 Bn | 104.21 Bn | 17.03 Bn | 21.76% |
| 2 | Natera | 45.03 Bn | 40.66 Bn | 513.47 Mn | -9.90% |
| 3 | Labcorp Holdings | 30.12 Bn | 28.22 Bn | 1.11 Bn | 8.35% |
| 4 | Quest Diagnostics | 28.44 Bn | 26.52 Bn | 1.04 Bn | 9.85% |
| 5 | Guardant Health | 20.93 Bn | 16.54 Bn | 236.15 Mn | - |
| 6 | BrightSpring Health Services | 14.41 Bn | 11.29 Bn | 518.55 Mn | 10.04% |
| 7 | Tempus AI | 14.27 Bn | 11.42 Bn | 266.70 Mn | -57.17% |
| 8 | Encompass Health | 13.98 Bn | 14.44 Bn | 1.54 Bn | 11.80% |
| 9 | Davita | 11.35 Bn | 10.22 Bn | 1.13 Bn | 16.52% |
| 10 | Biote | 42.67 Mn | 961,552.38 | 29.33 Mn | 0.00% |
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 0.00% |
| Jun 30, 2026 | 17.53% |
| Mar 31, 2026 | 47.26% |
| Dec 31, 2025 | 73.39% |
| Sep 30, 2025 | 98.70% |
| Jun 30, 2025 | 141.14% |
| Mar 31, 2025 | 231.14% |
| Jun 30, 2024 | 136.41% |
| Mar 31, 2024 | 32.37% |
| Dec 31, 2023 | 41.14% |
| Sep 30, 2023 | 0.00% |
| Jun 30, 2023 | 81.21% |
| Mar 31, 2023 | -134.31% |
| Dec 31, 2022 | -86.10% |
| Sep 30, 2022 | -125.96% |
| Jun 30, 2022 | -201.21% |
| Mar 31, 2022 | 133.44% |
Biote 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=BTMD&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "BTMD", "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=BTMD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();