Immatics (IMTX) Return on Capital Employed [ROCE] (2020 - 2026)
Immatics' Return on Capital Employed [ROCE] was -49.54% in Q2 2026, down 33.40 percentage points from -16.14% a year earlier and down 7.06 percentage points from the prior quarter.
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Analysis
Immatics (IMTX) Return on Capital Employed [ROCE] (2020 - 2026) Analysis & Trends
For FY2025, Return on Capital Employed [ROCE] at Immatics came in at -31.84%, down 24.62 percentage points from FY2024.
- Return on Capital Employed [ROCE] shows a five-year change of +28.41 percentage points (FY2020 to FY2025).
- In earlier years, Return on Capital Employed [ROCE] was -7.22% in FY2024 (+27.02 pp), -34.24% in FY2023 (-49.56 pp), 15.32% in FY2022 (+90.35 pp) and -75.03% in FY2021 (-14.77 pp).
- The Q2 2026 figure marks the lowest quarterly Return on Capital Employed [ROCE] since Q4 2021.
- Compared with a year earlier, Return on Capital Employed [ROCE] has declined for four straight quarters, with an average year-over-year change of -7.40 percentage points over the last eight quarters.
- The best year-over-year quarter for Return on Capital Employed [ROCE] over five years was Q4 2022 (a gain of 107.87 percentage points); the worst was Q4 2021 (a drop of 59.00 percentage points).
- Per Business Quant data, IMTX's Return on Capital Employed [ROCE] in the three quarters before Q2 2026 was -42.47% (Q1 2026), -35.58% (Q4 2025) and -29.06% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,076.25 Bn | 1,044.84 Bn | 19.71 Bn | 46.74% |
| 2 | Johnson & Johnson | 617.18 Bn | 535.70 Bn | 17.26 Bn | 17.83% |
| 3 | AbbVie | 464.58 Bn | 437.73 Bn | 12.70 Bn | 17.92% |
| 4 | Merck | 356.04 Bn | 310.47 Bn | 12.21 Bn | 6.28% |
| 5 | Novartis Ag | 269.07 Bn | 224.94 Bn | 11.24 Bn | 19.32% |
| 6 | Astrazeneca | 243.21 Bn | 216.77 Bn | 12.86 Bn | 9.54% |
| 7 | Amgen | 217.88 Bn | 173.28 Bn | 7.24 Bn | 16.66% |
| 8 | Gilead Sciences | 179.62 Bn | 153.74 Bn | 6.22 Bn | -5.97% |
| 9 | Pfizer | 158.45 Bn | 105.40 Bn | 10.94 Bn | 11.86% |
| 10 | Immatics | 1.02 Bn | -1.02 Bn | - | -49.54% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -49.54% |
| Mar 31, 2026 | -42.47% |
| 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% |
API Access
Immatics 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=IMTX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "ticker": "IMTX", "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=IMTX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();