Manulife Financial (MFC) Return on Invested Capital [ROIC] (2009 - 2025)
Manulife Financial's Return on Invested Capital [ROIC] was 7.41% in Q4 2025, down 0.48 percentage points from 7.89% a year earlier and down 0.48 percentage points from the prior quarter.
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Analysis
Manulife Financial (MFC) Return on Invested Capital [ROIC] (2009 - 2025) Analysis & Trends
For FY2025, Return on Invested Capital [ROIC] at Manulife Financial came in at 6.51%, down 0.22 percentage points from FY2024.
- Return on Invested Capital [ROIC] shows a five-year change of -5.60 percentage points (FY2020 to FY2025).
- In earlier years, Return on Invested Capital [ROIC] was 6.73% in FY2024 (+0.17 pp), 6.56% in FY2023 (+10.52 pp), -3.96% in FY2022 (-17.99 pp) and 14.04% in FY2021 (+1.93 pp).
- The Q4 2025 figure marks the lowest quarterly Return on Invested Capital [ROIC] since Q2 2024.
- Compared with a year earlier, Return on Invested Capital [ROIC] was higher in five of the last eight quarters, with an average year-over-year change of -3.00 percentage points.
- The best year-over-year quarter for Return on Invested Capital [ROIC] over five years was Q2 2023 (a gain of 34.06 percentage points); the worst was Q3 2022 (a drop of 45.18 percentage points).
- Per Business Quant data, MFC's Return on Invested Capital [ROIC] in the three quarters before Q4 2025 was 7.89% (Q3 2025), 8.14% (Q2 2025) and 7.52% (Q1 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Chubb | 140.76 Bn | 86.40 Bn | 8.67 Bn | 11.97% |
| 2 | Progressive | 132.42 Bn | 107.94 Bn | 8.29 Bn | 27.74% |
| 3 | Marsh & Mclennan Companies | 97.25 Bn | 89.41 Bn | - | 13.08% |
| 4 | Travelers Companies | 81.75 Bn | 59.24 Bn | 5.93 Bn | 21.49% |
| 5 | Manulife Financial | 73.54 Bn | -21.96 Bn | - | - |
| 6 | Arthur J. Gallagher | 72.19 Bn | 66.78 Bn | - | 6.01% |
| 7 | Aon | 71.05 Bn | 50.25 Bn | - | 11.58% |
| 8 | Allstate | 64.22 Bn | 24.06 Bn | 7.41 Bn | 29.50% |
| 9 | Metlife | 63.14 Bn | -43.64 Bn | 7.82 Bn | 32.52% |
| 10 | Aflac | 61.62 Bn | 37.98 Bn | 1.87 Bn | 6.53% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 7.41% |
| Sep 30, 2025 | 7.89% |
| Jun 30, 2025 | 8.14% |
| Mar 31, 2025 | 7.52% |
| Dec 31, 2024 | 7.89% |
| Sep 30, 2024 | 7.70% |
| Jun 30, 2024 | 6.77% |
| Mar 31, 2024 | 6.90% |
| Dec 31, 2023 | 7.45% |
| Sep 30, 2023 | 21.30% |
| Jun 30, 2023 | 26.23% |
| Mar 31, 2023 | 0.00% |
| Dec 31, 2022 | 11.27% |
| Sep 30, 2022 | -4.15% |
| Jun 30, 2022 | -7.83% |
| Mar 31, 2022 | -0.77% |
| Dec 31, 2021 | -1.90% |
| Sep 30, 2021 | 41.03% |
| Jun 30, 2021 | 6.17% |
| Mar 31, 2021 | 2.48% |
API Access
Manulife Financial 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=MFC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "MFC", "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=MFC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();