Immatics (IMTX) Return on Capital Employed [ROCE] (2020 - 2026)
Immatics' Return on Capital Employed [ROCE] was -50.53% in Q2 2026, down 34.89 percentage points from -15.64% a year earlier and down 7.88 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 -32.03%, down 24.75 percentage points from FY2024.
- Return on Capital Employed [ROCE] shows a five-year change of +26.27 percentage points (FY2020 to FY2025).
- In earlier years, Return on Capital Employed [ROCE] was -7.29% in FY2024 (+26.43 pp), -33.72% in FY2023 (-49.29 pp), 15.57% in FY2022 (+84.69 pp) and -69.12% in FY2021 (-10.81 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 -7.38 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 109.48 percentage points); the worst was Q4 2021 (a drop of 61.04 percentage points).
- Per Business Quant data, IMTX's Return on Capital Employed [ROCE] in the three quarters before Q2 2026 was -42.65% (Q1 2026), -35.36% (Q4 2025) and -28.42% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,348.13 Bn | 1,321.74 Bn | 20.46 Bn | 35.41% |
| 2 | Johnson & Johnson | 675.90 Bn | 595.76 Bn | 17.30 Bn | 17.52% |
| 3 | AbbVie | 519.45 Bn | 487.50 Bn | 13.12 Bn | 21.60% |
| 4 | Merck | 364.95 Bn | 327.95 Bn | 13.19 Bn | 4.65% |
| 5 | Novartis Ag | 311.58 Bn | 285.16 Bn | - | - |
| 6 | Astrazeneca | 289.34 Bn | 262.94 Bn | 13.26 Bn | 9.91% |
| 7 | Amgen | 251.64 Bn | 203.30 Bn | 7.58 Bn | 17.37% |
| 8 | Gilead Sciences | 212.05 Bn | 187.07 Bn | 6.73 Bn | -6.15% |
| 9 | Pfizer | 167.35 Bn | 115.00 Bn | 12.56 Bn | 11.32% |
| 10 | Immatics | 860.74 Mn | -1.20 Bn | - | -60.28% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -60.28% |
| Jun 30, 2026 | -50.53% |
| Mar 31, 2026 | -42.65% |
| Dec 31, 2025 | -35.36% |
| Sep 30, 2025 | -28.42% |
| Jun 30, 2025 | -15.64% |
| Mar 31, 2025 | -9.90% |
| Dec 31, 2024 | -6.79% |
| Sep 30, 2024 | -14.10% |
| Jun 30, 2024 | -20.69% |
| Mar 31, 2024 | -20.32% |
| Dec 31, 2023 | -32.35% |
| Sep 30, 2023 | -24.58% |
| Jun 30, 2023 | -22.44% |
| Mar 31, 2023 | -21.72% |
| Dec 31, 2022 | 13.32% |
| Sep 30, 2022 | 7.62% |
| Jun 30, 2022 | 5.89% |
| Mar 31, 2022 | 2.08% |
| Dec 31, 2021 | -96.15% |
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();