Guardant Health (GH) Return on Capital Employed [ROCE] (2018 - 2026)
Guardant Health (GH) reported Return on Capital Employed [ROCE] of -29.86% for Q2 2026, up 12.04 percentage points from -41.90% a year earlier but down 3.10 percentage points from the prior quarter.
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Analysis
Guardant Health (GH) Return on Capital Employed [ROCE] (2018 - 2026) Analysis & Trends
For FY2025, Guardant Health posted Return on Capital Employed [ROCE] of -30.22%, up 1.23 percentage points from FY2024.
- Return on Capital Employed [ROCE] has a five-year change of -13.77 percentage points (FY2020 to FY2025).
- By year, Return on Capital Employed [ROCE] came in at -31.45% in FY2024 (+6.39 pp), -37.84% in FY2023 (-6.08 pp), -31.76% in FY2022 (-11.65 pp) and -20.11% in FY2021 (-3.67 pp).
- Five-year quarterly Return on Capital Employed [ROCE] spans a low of -41.90% in Q2 2025 and a high of -18.73% in Q3 2021.
- Year over year, Return on Capital Employed [ROCE] has now increased in each of the last three quarters, with an average year-over-year change of +0.89 percentage points over the last eight quarters.
- The high point for year-over-year Return on Capital Employed [ROCE] in five years was Q2 2026 (a gain of 12.04 percentage points); the low point was Q1 2023 (a drop of 18.91 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at -26.76% (Q1 2026), -32.57% (Q4 2025) and -41.44% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 103.76 Bn | 99.77 Bn | - | 27.06% |
| 2 | Natera | 56.97 Bn | 52.65 Bn | 485.19 Mn | -13.91% |
| 3 | Labcorp Holdings | 26.11 Bn | 23.86 Bn | 1.11 Bn | 8.97% |
| 4 | Quest Diagnostics | 26.06 Bn | 24.19 Bn | 1.03 Bn | 10.85% |
| 5 | Tenet Healthcare | 22.72 Bn | 11.73 Bn | - | 17.89% |
| 6 | Guardant Health | 21.63 Bn | 17.69 Bn | 219.03 Mn | -29.86% |
| 7 | BrightSpring Health Services | 12.99 Bn | 11.32 Bn | 492.75 Mn | 9.85% |
| 8 | Fresenius Medical Care AG | 12.49 Bn | 4.45 Bn | 1.52 Bn | 3.17% |
| 9 | Encompass Health | 12.45 Bn | 12.11 Bn | - | 17.71% |
| 10 | Tempus AI | 12.33 Bn | 9.36 Bn | 246.50 Mn | -15.22% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -29.86% |
| Mar 31, 2026 | -26.76% |
| Dec 31, 2025 | -32.57% |
| Sep 30, 2025 | -41.44% |
| Jun 30, 2025 | -41.90% |
| Mar 31, 2025 | -38.26% |
| Dec 31, 2024 | -34.48% |
| Sep 30, 2024 | -37.42% |
| Jun 30, 2024 | -35.14% |
| Mar 31, 2024 | -34.77% |
| Dec 31, 2023 | -35.61% |
| Sep 30, 2023 | -32.25% |
| Jun 30, 2023 | -36.91% |
| Mar 31, 2023 | -40.92% |
| Dec 31, 2022 | -37.22% |
| Sep 30, 2022 | -30.98% |
| Jun 30, 2022 | -25.17% |
| Mar 31, 2022 | -22.00% |
| Dec 31, 2021 | -20.34% |
| Sep 30, 2021 | -18.73% |
API Access
Guardant Health Return on Capital Employed [ROCE] 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-capital-employed-%5Broce%5D&ticker=GH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "ticker": "GH", "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-capital-employed-%5Broce%5D&ticker=GH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();