Co-Diagnostics (CODX) Return on Equity [ROE] (2017 - 2026)
Co-Diagnostics' Return on Equity [ROE] came in at -429.77% for Q3 2026, down 348.63 percentage points from -81.14% a year earlier and down 101.55 percentage points from the prior quarter.
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Analysis
Co-Diagnostics (CODX) Return on Equity [ROE] (2017 - 2026) Analysis & Trends
For FY2025, Co-Diagnostics' Return on Equity [ROE] was -127.01%, down 73.42 percentage points from FY2024.
- Return on Equity [ROE] has declined in each of the last five years, with a five-year change of -251.16 percentage points (FY2020 to FY2025).
- Going back by year, Return on Equity [ROE] was -53.59% in FY2024 (-18.13 pp), -35.46% in FY2023 (-24.26 pp), -11.20% in FY2022 (-47.65 pp) and 36.45% in FY2021 (-87.70 pp).
- The Q3 2026 figure represents the lowest quarterly Return on Equity [ROE] since Q3 2018.
- Year-over-year, Return on Equity [ROE] has declined for 20 consecutive quarters, with an average year-over-year change of -123.11 percentage points over the last eight quarters.
- Across the past five years, year-over-year drop in Return on Equity [ROE] ran from 14.94 percentage points in Q2 2024 to 348.63 percentage points in Q3 2026.
- Business Quant data shows CODX's Return on Equity [ROE] at -328.23% (Q2 2026), -266.33% (Q1 2026) and -157.66% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROE (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 259.44 Bn | 236.08 Bn | 5.13 Bn | 13.20% |
| 2 | Abbott Laboratories | 187.98 Bn | 162.45 Bn | 7.39 Bn | 9.09% |
| 3 | Danaher | 163.91 Bn | 143.58 Bn | 3.84 Bn | 8.15% |
| 4 | Intuitive Surgical | 153.75 Bn | 134.17 Bn | 2.08 Bn | 17.28% |
| 5 | Medtronic | 131.67 Bn | 97.80 Bn | 6.34 Bn | 17.46% |
| 6 | Stryker | 117.84 Bn | 104.03 Bn | 4.25 Bn | -4.01% |
| 7 | Boston Scientific | 64.27 Bn | 59.95 Bn | 3.43 Bn | 13.69% |
| 8 | Edwards Lifesciences | 61.69 Bn | 45.00 Bn | 1.35 Bn | 9.36% |
| 9 | Medline | 51.94 Bn | 49.07 Bn | 1.93 Bn | 4.56% |
| 10 | Co-Diagnostics | 1.90 Mn | -22.58 Mn | -20,463.00 | -429.77% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -429.77% |
| Jun 30, 2026 | -328.23% |
| Mar 31, 2026 | -266.33% |
| Dec 31, 2025 | -157.66% |
| Sep 30, 2025 | -81.14% |
| Jun 30, 2025 | -82.16% |
| Mar 31, 2025 | -70.55% |
| Dec 31, 2024 | -63.52% |
| Sep 30, 2024 | -60.93% |
| Jun 30, 2024 | -50.12% |
| Mar 31, 2024 | -47.75% |
| Dec 31, 2023 | -38.34% |
| Sep 30, 2023 | -41.63% |
| Jun 30, 2023 | -35.18% |
| Mar 31, 2023 | -28.01% |
| Dec 31, 2022 | -11.42% |
| Sep 30, 2022 | 10.86% |
| Jun 30, 2022 | 19.17% |
| Mar 31, 2022 | 28.69% |
| Dec 31, 2021 | 31.25% |
API Access
Co-Diagnostics Return on Equity [ROE] 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-equity-%5Broe%5D&ticker=CODX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-equity-[roe]", "ticker": "CODX", "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-equity-%5Broe%5D&ticker=CODX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();