Codexis (CDXS) Asset Utilization Ratio (2011 - 2026)
Codexis' (CDXS) Asset Utilization Ratio was 0.62 for Q2 2026, up 45.5% from 0.43 a year earlier and up 10.5% from the prior quarter.
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Analysis
Codexis (CDXS) Asset Utilization Ratio (2011 - 2026) Analysis & Trends
For FY2025, Asset Utilization Ratio at Codexis was 0.47, up 14.1% from FY2024.
- By year, Asset Utilization Ratio came in at 0.42 in FY2024 (+14.6%), 0.36 in FY2023 (-35.0%), 0.56 in FY2022 (+24.6%) and 0.45 in FY2021 (+20.2%).
- The Q2 2026 figure ranks as the highest quarterly Asset Utilization Ratio since Q1 2019.
- Year over year, Asset Utilization Ratio has now increased in each of the last three quarters, with growth averaging 10.4% over the last eight quarters.
- The high point for year-over-year Asset Utilization Ratio in five years was Q1 2026 (growth of 57.2%); the low point was Q1 2025 (a decline of 30.9%).
- Per Business Quant data, the three quarters before Q2 2026 came in at 0.56 (Q1 2026), 0.52 (Q4 2025) and 0.40 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 258.73 Bn | 237.75 Bn | 4.88 Bn | 0.41 |
| 2 | Abbott Laboratories | 174.67 Bn | 145.10 Bn | 7.27 Bn | 0.42 |
| 3 | Danaher | 162.22 Bn | 146.03 Bn | 3.61 Bn | 0.29 |
| 4 | Intuitive Surgical | 149.92 Bn | 129.34 Bn | 1.96 Bn | 0.54 |
| 5 | Medtronic | 121.59 Bn | 86.84 Bn | 6.34 Bn | 0.40 |
| 6 | Stryker | 115.88 Bn | 101.99 Bn | 4.50 Bn | 0.55 |
| 7 | Boston Scientific | 66.91 Bn | 61.68 Bn | 3.85 Bn | 0.47 |
| 8 | Becton Dickinson | 53.59 Bn | 50.74 Bn | 2.32 Bn | 0.46 |
| 9 | Edwards Lifesciences | 51.05 Bn | 35.05 Bn | 1.35 Bn | 0.48 |
| 10 | Codexis | 117.00 Mn | -140.05 Mn | 11.40 Mn | 0.62 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.62 |
| Mar 31, 2026 | 0.56 |
| Dec 31, 2025 | 0.52 |
| Sep 30, 2025 | 0.40 |
| Jun 30, 2025 | 0.43 |
| Mar 31, 2025 | 0.36 |
| Dec 31, 2024 | 0.40 |
| Sep 30, 2024 | 0.46 |
| Jun 30, 2024 | 0.43 |
| Mar 31, 2024 | 0.52 |
| Dec 31, 2023 | 0.48 |
| Sep 30, 2023 | 0.41 |
| Jun 30, 2023 | 0.47 |
| Mar 31, 2023 | 0.50 |
| Dec 31, 2022 | 0.57 |
| Sep 30, 2022 | 0.56 |
| Jun 30, 2022 | 0.57 |
| Mar 31, 2022 | 0.51 |
| Dec 31, 2021 | 0.44 |
| Sep 30, 2021 | 0.46 |
API Access
Codexis Asset Utilization Ratio 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=asset-utilization-ratio&ticker=CDXS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "asset-utilization-ratio", "ticker": "CDXS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=CDXS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();