Moderna (MRNA) Return on Capital Employed (2019 - 2026)
Moderna (MRNA) reported Return on Capital Employed of 35.85% for Q1 2026, down 430.0% year-over-year from 10.86% in Q1 2025, and down 19.53% quarter-over-quarter from 29.99% in Q4 2025.
Moderna (MRNA) Return on Capital Employed (2019 - 2026) Analysis & Trends
Moderna (MRNA) has 8 years of Return on Capital Employed data on file, last reported at 35.85% in Q1 2026.
- Return on Capital Employed for Q1 2026 came in at 35.85%, down 430.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 35.85% (down 430.0% YoY), and the FY2025 annual result was 27.32%, up 71.0% from the prior year.
- Return on Capital Employed declined to 35.85% in Q1 2026 per MRNA's latest filing, from 29.99% in the prior quarter.
- Over five years, Return on Capital Employed peaked at 96.19% in Q1 2022 and troughed at 35.85% in Q1 2026.
- A 5-year average of 0.54% and a median of 26.62% in 2023 frame the typical range for Return on Capital Employed.
- The sharpest annual moves came in 2022 and 2023: Return on Capital Employed surged 5592 bps in 2022, then tumbled 8523 bps in 2023.
- A 5-year view of Return on Capital Employed shows it stood at 44.78% in 2022, then sank by 159 bps to 26.62% in 2023, then declined by 16 bps to 30.9% in 2024, then rose by 3 bps to 29.99% in 2025, then retreated by 20 bps to 35.85% in 2026.
- Business Quant data shows MRNA's Return on Capital Employed at 35.85% in Q1 2026, 29.99% in Q4 2025, and 33.33% in Q3 2025.
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 | Moderna | 25.27 Bn | 20.06 Bn | -566.00 Mn | -35.85% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -35.85% |
| Dec 31, 2025 | -29.99% |
| Sep 30, 2025 | -33.33% |
| Jun 30, 2025 | -30.35% |
| Mar 31, 2025 | -31.55% |
| Dec 31, 2024 | -30.90% |
| Sep 30, 2024 | -19.89% |
| Jun 30, 2024 | -33.49% |
| Mar 31, 2024 | -33.81% |
| Dec 31, 2023 | -26.62% |
| Sep 30, 2023 | -16.37% |
| Jun 30, 2023 | 2.58% |
| Mar 31, 2023 | 22.46% |
| Dec 31, 2022 | 44.78% |
| Sep 30, 2022 | 68.86% |
| Jun 30, 2022 | 78.16% |
| Mar 31, 2022 | 96.19% |
| Dec 31, 2021 | 97.28% |
| Sep 30, 2021 | 88.70% |
| Jun 30, 2021 | 68.38% |