Co-Diagnostics (CODX) Return on Invested Capital [ROIC] (2022 - 2026)
Co-Diagnostics (CODX) reported Return on Invested Capital [ROIC] of -404.24% for Q3 2026, down 320.22 percentage points from -84.02% a year earlier and down 92.79 percentage points from the prior quarter.
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Analysis
Co-Diagnostics (CODX) Return on Invested Capital [ROIC] (2022 - 2026) Analysis & Trends
For FY2025, Co-Diagnostics posted Return on Invested Capital [ROIC] of -127.48%, down 70.71 percentage points from FY2024.
- By year, Return on Invested Capital [ROIC] came in at -56.77% in FY2024 (-17.42 pp) and -39.35% in FY2023.
- The Q3 2026 figure ranks as the lowest quarterly Return on Invested Capital [ROIC] in data going back to Q2 2022.
- Year over year, Return on Invested Capital [ROIC] has now declined in each of the last 14 quarters, with an average year-over-year change of -116.08 percentage points over the last eight quarters.
- Across the past five years, year-over-year drop in Return on Invested Capital [ROIC] ran from 10.37 percentage points in Q2 2024 to 320.22 percentage points in Q3 2026.
- Per Business Quant data, the three quarters before Q3 2026 came in at -311.45% (Q2 2026), -257.51% (Q1 2026) and -157.89% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 259.44 Bn | 236.08 Bn | 5.13 Bn | 8.02% |
| 2 | Abbott Laboratories | 187.98 Bn | 162.45 Bn | 7.39 Bn | 5.70% |
| 3 | Danaher | 163.91 Bn | 143.58 Bn | 3.84 Bn | 5.83% |
| 4 | Intuitive Surgical | 153.75 Bn | 134.17 Bn | 2.08 Bn | - |
| 5 | Medtronic | 131.67 Bn | 97.80 Bn | 6.34 Bn | 11.69% |
| 6 | Stryker | 117.84 Bn | 104.03 Bn | 4.25 Bn | 9.95% |
| 7 | Boston Scientific | 64.27 Bn | 59.95 Bn | 3.43 Bn | 9.94% |
| 8 | Edwards Lifesciences | 61.69 Bn | 45.00 Bn | 1.35 Bn | 8.68% |
| 9 | Medline | 51.94 Bn | 49.07 Bn | 1.93 Bn | 4.29% |
| 10 | Co-Diagnostics | 1.90 Mn | -22.58 Mn | -20,463.00 | -404.24% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -404.24% |
| Jun 30, 2026 | -311.45% |
| Mar 31, 2026 | -257.51% |
| Dec 31, 2025 | -157.89% |
| Sep 30, 2025 | -84.02% |
| Jun 30, 2025 | -86.20% |
| Mar 31, 2025 | -74.38% |
| Dec 31, 2024 | -67.10% |
| Sep 30, 2024 | -57.99% |
| Jun 30, 2024 | -50.76% |
| Mar 31, 2024 | -51.29% |
| Dec 31, 2023 | -42.41% |
| Sep 30, 2023 | -45.36% |
| Jun 30, 2023 | -40.39% |
| Mar 31, 2023 | -32.87% |
| Dec 31, 2022 | -16.30% |
| Sep 30, 2022 | 6.23% |
| Jun 30, 2022 | 16.92% |
API Access
Co-Diagnostics 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=CODX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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-invested-capital-%5Broic%5D&ticker=CODX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();