Pulmonx (LUNG) Return on Invested Capital [ROIC] (2020 - 2026)
Pulmonx's Return on Invested Capital [ROIC] was -56.23% in Q3 2025, down 13.04 percentage points from -43.19% a year earlier and down 4.74 percentage points from the prior quarter.
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Analysis
Pulmonx (LUNG) Return on Invested Capital [ROIC] (2020 - 2026) Analysis & Trends
For FY2024, Return on Invested Capital [ROIC] at Pulmonx came in at -41.43%, down 3.54 percentage points from FY2023.
- Return on Invested Capital [ROIC] has now declined for three consecutive years, though with a four-year change of +50.26 percentage points (FY2020 to FY2024).
- In earlier years, Return on Invested Capital [ROIC] was -37.89% in FY2023 (-7.19 pp), -30.70% in FY2022 (-9.84 pp), -20.86% in FY2021 (+70.83 pp) and -91.69% in FY2020.
- The Q3 2025 figure marks the lowest quarterly Return on Invested Capital [ROIC] since Q4 2020.
- Compared with a year earlier, Return on Invested Capital [ROIC] has declined for 15 straight quarters, with an average year-over-year change of -7.79 percentage points over the last eight quarters.
- The best year-over-year quarter for Return on Invested Capital [ROIC] over five years was Q4 2021 (a gain of 100.46 percentage points); the worst was Q3 2025 (a drop of 13.04 percentage points).
- Per Business Quant data, LUNG's Return on Invested Capital [ROIC] in the three quarters before Q3 2025 was -51.49% (Q2 2025), -48.54% (Q1 2025) and -45.41% (Q4 2024).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 266.22 Bn | 242.86 Bn | 5.13 Bn | 8.02% |
| 2 | Abbott Laboratories | 191.31 Bn | 165.77 Bn | 7.39 Bn | 5.70% |
| 3 | Danaher | 166.16 Bn | 145.82 Bn | 3.84 Bn | 5.83% |
| 4 | Intuitive Surgical | 155.98 Bn | 136.40 Bn | 2.08 Bn | - |
| 5 | Medtronic | 130.05 Bn | 96.18 Bn | 6.34 Bn | 11.69% |
| 6 | Stryker | 123.40 Bn | 109.59 Bn | 4.25 Bn | 9.95% |
| 7 | Boston Scientific | 64.81 Bn | 60.48 Bn | 3.43 Bn | 9.94% |
| 8 | Edwards Lifesciences | 59.87 Bn | 43.18 Bn | 1.35 Bn | 8.68% |
| 9 | Medline | 53.84 Bn | 50.96 Bn | 1.93 Bn | 4.29% |
| 10 | Pulmonx | 121.94 Mn | -117.95 Mn | 17.40 Mn | -52.99% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -52.99% |
| Jun 30, 2026 | -57.96% |
| Mar 31, 2026 | -59.74% |
| Dec 31, 2025 | -56.97% |
| Sep 30, 2025 | -56.23% |
| Jun 30, 2025 | -51.49% |
| Mar 31, 2025 | -48.54% |
| Dec 31, 2024 | -45.41% |
| Sep 30, 2024 | -43.19% |
| Jun 30, 2024 | -41.42% |
| Mar 31, 2024 | -39.61% |
| Dec 31, 2023 | -38.89% |
| Sep 30, 2023 | -37.49% |
| Jun 30, 2023 | -34.85% |
| Mar 31, 2023 | -33.68% |
| Dec 31, 2022 | -33.30% |
| Sep 30, 2022 | -30.44% |
| Jun 30, 2022 | -26.83% |
| Mar 31, 2022 | -24.61% |
| Dec 31, 2021 | -21.98% |
API Access
Pulmonx 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=LUNG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "LUNG", "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=LUNG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();