Immatics (IMTX) Return on Capital Employed (2020 - 2025)

Immatics' (IMTX) quarterly Return on Capital Employed came in at 35.58% in Q4 2025, down 2881.0% year-on-year from 1.28% in Q4 2024, and down 22.42% quarter-over-quarter from 29.06% in Q3 2025.

Immatics (IMTX) Return on Capital Employed (2020 - 2025) Analysis & Trends

Immatics has disclosed Return on Capital Employed across 6 years of filings, most recently posting 35.58% for Q4 2025.

  • Return on Capital Employed for Q4 2025 came in at 35.58%, down 2881.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 35.58% (down 2881.0% YoY), and the FY2025 annual result was 32.08%, down 2489.0% from the prior year.
  • Return on Capital Employed came in at 35.58% for Q4 2025 at Immatics, down from 29.06% in the prior quarter.
  • In the past five years, Return on Capital Employed ranged from a high of 13.32% in Q4 2022 to a low of 94.55% in Q4 2021.
  • The 5-year median for Return on Capital Employed is 21.55% (2023), against an average of 26.16%.
  • Across the five-year window, Return on Capital Employed plunged 5900 bps in 2021 and soared 10787 bps in 2022, its largest moves.
  • Immatics' Return on Capital Employed stood at 94.55% in 2021, then jumped by 114 bps to 13.32% in 2022, then slumped by 340 bps to 31.97% in 2023, then jumped by 79 bps to 6.77% in 2024, then slumped by 426 bps to 35.58% in 2025.
  • The last three Return on Capital Employed figures came in at 35.58% (Q4 2025), 29.06% (Q3 2025), and 16.14% (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROCE (Qtr)
1 Alterity Therapeutics 925,601.88 Bn 925,601.85 Bn - -
2 Belite Bio 58,560.00 Bn 58,560.00 Bn - -
3 Quantum Biopharma 17,284.41 Bn 17,284.40 Bn - 450.31%
4 Legend Biotech 2,809.00 Bn 2,808.71 Bn 242.10 Mn 51.73%
5 Evaxion A 1,334.43 Bn 1,334.42 Bn - -
6 Akari Therapeutics 1,312.27 Bn 1,312.26 Bn - -107.40%
7 Psyence Biomedical 212.16 Bn 212.16 Bn - -
8 Vertex Pharmaceuticals 114.83 Bn 107.58 Bn 2.59 Bn 21.10%
9 Abivax 91.96 Bn 91.96 Bn - -50.43%
10 Immatics 14.67 Bn 14.67 Bn - -35.58%

Historic Data

Download Data
DateValue
Dec 31, 2025 -35.58%
Sep 30, 2025 -29.06%
Jun 30, 2025 -16.14%
Mar 31, 2025 -9.88%
Dec 31, 2024 -6.77%
Sep 30, 2024 -14.13%
Jun 30, 2024 -20.57%
Mar 31, 2024 -20.61%
Dec 31, 2023 -31.97%
Sep 30, 2023 -24.31%
Jun 30, 2023 -22.68%
Mar 31, 2023 -22.49%
Dec 31, 2022 13.32%
Sep 30, 2022 7.45%
Jun 30, 2022 5.83%
Mar 31, 2022 2.06%
Dec 31, 2021 -94.55%
Sep 30, 2021 -88.96%
Jun 30, 2021 -63.97%
Mar 31, 2021 -50.26%