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
DateValue
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%