Moderna (MRNA) Return on Equity [ROE] (2018 - 2026)
Moderna (MRNA) reported Return on Equity [ROE] of -44.48% for Q2 2026, down 14.65 percentage points from -29.83% a year earlier and down 4.70 percentage points from the prior quarter.
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Analysis
Moderna (MRNA) Return on Equity [ROE] (2018 - 2026) Analysis & Trends
For FY2025, Moderna posted Return on Equity [ROE] of -28.87%, down 0.10 percentage points from FY2024.
- Return on Equity [ROE] has declined for four consecutive years, though with a five-year change of +11.12 percentage points (FY2020 to FY2025).
- By year, Return on Equity [ROE] came in at -28.77% in FY2024 (-0.18 pp), -28.59% in FY2023 (-78.86 pp), 50.27% in FY2022 (-95.81 pp) and 146.08% in FY2021 (+186.07 pp).
- The Q2 2026 figure ranks as the lowest quarterly Return on Equity [ROE] since Q2 2024.
- Year over year, Return on Equity [ROE] has now declined in each of the last four quarters, with an average year-over-year change of +0.12 percentage points over the last eight quarters.
- The high point for year-over-year Return on Equity [ROE] in five years was Q4 2021 (a gain of 128.63 percentage points); the low point was Q3 2023 (a drop of 88.20 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at -39.78% (Q1 2026), -31.39% (Q4 2025) and -33.27% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROE (Qtr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,122.91 Bn | 1,091.50 Bn | 19.71 Bn | 82.09% |
| 2 | Johnson & Johnson | 615.09 Bn | 533.62 Bn | 17.26 Bn | 25.32% |
| 3 | AbbVie | 504.75 Bn | 477.86 Bn | 12.70 Bn | - |
| 4 | Merck | 360.18 Bn | 314.55 Bn | 12.21 Bn | 7.21% |
| 5 | Novartis Ag | 292.05 Bn | 256.04 Bn | 11.24 Bn | 31.52% |
| 6 | Astrazeneca | 256.09 Bn | 229.78 Bn | 12.86 Bn | 21.39% |
| 7 | Amgen | 233.63 Bn | 189.02 Bn | 7.24 Bn | 83.75% |
| 8 | Gilead Sciences | 194.49 Bn | 168.69 Bn | 6.22 Bn | -18.38% |
| 9 | Pfizer | 168.35 Bn | 114.99 Bn | 10.94 Bn | 4.97% |
| 10 | Moderna | 85.93 Bn | 65.29 Bn | 52.00 Mn | -44.48% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -44.48% |
| Mar 31, 2026 | -39.78% |
| Dec 31, 2025 | -31.39% |
| Sep 30, 2025 | -33.27% |
| Jun 30, 2025 | -29.83% |
| Mar 31, 2025 | -32.02% |
| Dec 31, 2024 | -31.20% |
| Sep 30, 2024 | -18.82% |
| Jun 30, 2024 | -47.84% |
| Mar 31, 2024 | -44.75% |
| Dec 31, 2023 | -34.52% |
| Sep 30, 2023 | -22.80% |
| Jun 30, 2023 | 6.74% |
| Mar 31, 2023 | 25.19% |
| Dec 31, 2022 | 45.06% |
| Sep 30, 2022 | 65.40% |
| Jun 30, 2022 | 80.18% |
| Mar 31, 2022 | 93.77% |
| Dec 31, 2021 | 100.56% |
| Sep 30, 2021 | 83.92% |
API Access
Moderna Return on Equity [ROE] 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-equity-%5Broe%5D&ticker=MRNA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-equity-[roe]", "ticker": "MRNA", "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-equity-%5Broe%5D&ticker=MRNA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();