Fulgent Genetics (FLGT) Return on Invested Capital [ROIC] (2021 - 2026)
Fulgent Genetics' Return on Invested Capital [ROIC] came in at -11.03% for Q2 2026, down 5.38 percentage points from -5.65% a year earlier and down 2.31 percentage points from the prior quarter.
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Analysis
Fulgent Genetics (FLGT) Return on Invested Capital [ROIC] (2021 - 2026) Analysis & Trends
For FY2025, Fulgent Genetics' Return on Invested Capital [ROIC] was -7.14%, down 1.64 percentage points from FY2024.
- Return on Invested Capital [ROIC] carries a four-year change of -63.75 percentage points (FY2021 to FY2025).
- Going back by year, Return on Invested Capital [ROIC] was -5.49% in FY2024 (+10.59 pp), -16.08% in FY2023 (-27.18 pp), 11.10% in FY2022 (-45.52 pp) and 56.62% in FY2021.
- The Q2 2026 figure represents the lowest quarterly Return on Invested Capital [ROIC] since Q3 2024.
- Year-over-year, Return on Invested Capital [ROIC] has declined for three consecutive quarters, with an average year-over-year change of +3.00 percentage points over the last eight quarters.
- The fastest year-over-year change in Return on Invested Capital [ROIC] over five years came in Q1 2025 (a gain of 11.59 percentage points), and the weakest in Q1 2023 (a drop of 38.69 percentage points).
- Business Quant data shows FLGT's Return on Invested Capital [ROIC] at -8.72% (Q1 2026), -7.15% (Q4 2025) and -5.73% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 102.50 Bn | 98.51 Bn | - | 22.01% |
| 2 | Natera | 58.05 Bn | 53.74 Bn | 485.19 Mn | -11.74% |
| 3 | Labcorp Holdings | 26.39 Bn | 24.13 Bn | 1.11 Bn | 8.25% |
| 4 | Quest Diagnostics | 26.28 Bn | 24.41 Bn | 1.03 Bn | 9.40% |
| 5 | Tenet Healthcare | 22.71 Bn | 11.72 Bn | - | 18.77% |
| 6 | Guardant Health | 21.59 Bn | 17.65 Bn | 219.03 Mn | - |
| 7 | BrightSpring Health Services | 12.87 Bn | 11.21 Bn | 492.75 Mn | 8.62% |
| 8 | Fresenius Medical Care AG | 12.49 Bn | 4.44 Bn | 1.52 Bn | 0.24% |
| 9 | Encompass Health | 12.04 Bn | 11.70 Bn | - | 15.40% |
| 10 | Fulgent Genetics | 569.90 Mn | -675.31 Mn | 25.68 Mn | -11.03% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -11.03% |
| Mar 31, 2026 | -8.72% |
| Dec 31, 2025 | -7.15% |
| Sep 30, 2025 | -5.73% |
| Jun 30, 2025 | -5.65% |
| Mar 31, 2025 | -5.39% |
| Dec 31, 2024 | -5.49% |
| Sep 30, 2024 | -16.74% |
| Jun 30, 2024 | -16.95% |
| Mar 31, 2024 | -16.98% |
| Dec 31, 2023 | -16.24% |
| Sep 30, 2023 | -6.36% |
| Jun 30, 2023 | -4.67% |
| Mar 31, 2023 | -2.63% |
| Dec 31, 2022 | 10.57% |
| Sep 30, 2022 | 20.24% |
| Jun 30, 2022 | 29.10% |
| Mar 31, 2022 | 35.98% |
| Dec 31, 2021 | 44.53% |
| Sep 30, 2021 | 56.32% |
API Access
Fulgent Genetics 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=FLGT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "FLGT", "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=FLGT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();