Farmers & Merchants Bancshares (FMFG) Return on Invested Capital [ROIC] (2017 - 2026)
Farmers & Merchants Bancshares (FMFG) posted Return on Invested Capital [ROIC] of 16.30% for Q2 2026, down 12.78 percentage points from 29.09% a year earlier but up 0.50 percentage points from the prior quarter.
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Analysis
Farmers & Merchants Bancshares (FMFG) Return on Invested Capital [ROIC] (2017 - 2026) Analysis & Trends
For FY2025, Farmers & Merchants Bancshares' Return on Invested Capital [ROIC] came in at 21.01%, down 9.19 percentage points from FY2024.
- Annual Return on Invested Capital [ROIC] shows a four-year change of +3.59 percentage points (FY2021 to FY2025).
- In prior years, Farmers & Merchants Bancshares' Return on Invested Capital [ROIC] was 30.20% in FY2024 (+7.87 pp), 22.34% in FY2023 (+7.30 pp), 15.04% in FY2022 (-2.38 pp) and 17.42% in FY2021.
- Quarterly Return on Invested Capital [ROIC] has run from a low of 14.99% in Q3 2021 to a high of 30.48% in Q1 2025 over five years.
- On a year-over-year basis, Return on Invested Capital [ROIC] has declined in each of the last four quarters, with an average year-over-year change of -3.58 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Return on Invested Capital [ROIC] in the past five years was Q1 2024, with a gain of 10.62 percentage points; the weakest was Q1 2026, with a drop of 14.68 percentage points.
- According to Business Quant data, Return on Invested Capital [ROIC] for the three prior quarters was 15.80% (Q1 2026), 16.46% (Q4 2025) and 21.00% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 881.30 Bn | 881.30 Bn | - | 15.80% |
| 2 | Bank Of America | 354.90 Bn | -2,021.17 Bn | - | 13.07% |
| 3 | Hsbc Holdings | 311.39 Bn | -1,517.77 Bn | - | - |
| 4 | Morgan Stanley | 282.15 Bn | -226.95 Bn | - | 12.02% |
| 5 | Royal Bank Of Canada | 281.68 Bn | -548.32 Bn | - | 49.26% |
| 6 | Goldman Sachs | 255.22 Bn | -3,301.89 Bn | - | 14.05% |
| 7 | Mitsubishi Ufj Financial | 249.82 Bn | -82.42 Bn | 10.89 Bn | 3.63% |
| 8 | Wells Fargo & Company | 249.49 Bn | 251.62 Bn | - | 14.79% |
| 9 | Toronto Dominion Bank | 210.53 Bn | -465.35 Bn | - | - |
| 10 | Farmers & Merchants Bancshares | 61.02 Mn | 58.82 Mn | - | 14.89% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 14.89% |
| Mar 31, 2026 | 14.44% |
| Dec 31, 2025 | 14.97% |
| Sep 30, 2025 | 18.71% |
| Jun 30, 2025 | 24.97% |
| Mar 31, 2025 | 25.72% |
| Dec 31, 2024 | 24.08% |
| Sep 30, 2024 | 22.27% |
| Jun 30, 2024 | 21.35% |
| Mar 31, 2024 | 21.65% |
| Dec 31, 2023 | 20.32% |
| Sep 30, 2023 | 16.85% |
| Jun 30, 2023 | 14.40% |
| Mar 31, 2023 | 12.93% |
| Dec 31, 2022 | 13.04% |
| Sep 30, 2022 | 14.26% |
| Jun 30, 2022 | 13.92% |
| Mar 31, 2022 | 13.28% |
| Dec 31, 2021 | 13.14% |
| Sep 30, 2021 | 11.70% |
API Access
Farmers & Merchants Bancshares 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=FMFG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "FMFG", "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=FMFG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();