Moderna (MRNA) Return on Invested Capital (2020 - 2026)

Moderna's (MRNA) quarterly Return on Invested Capital came in at 0.16% in Q1 2026, down 14.0% year-on-year from 0.19% in Q1 2025, and down 20.11% on a QoQ basis from 0.13% in Q4 2025.

Moderna (MRNA) Return on Invested Capital (2020 - 2026) Analysis & Trends

Moderna (MRNA) has 7 years of Return on Invested Capital data on file, last reported at 0.16% in Q1 2026.

  • On a quarterly basis, Return on Invested Capital fell 14.0% year-over-year to 0.16% in Q1 2026; TTM through Mar 2026 was 0.16%, a 14.0% decrease from a year earlier, with the FY2025 full-year figure at 0.59%, down 46.0% from the prior year.
  • Return on Invested Capital for Q1 2026 stood at 0.16%, down from 0.13% in the prior quarter.
  • Over the last five years, Return on Invested Capital for MRNA reached as high as 0.07% in Q1 2022 and fell as low as 0.16% in Q1 2026.
  • Historically, Return on Invested Capital has averaged 0.02% across 5 years, with a median of 0.01% in 2023.
  • Across the five-year window, Return on Invested Capital gained 5 bps in 2022 and decreased 14 bps in 2026, its largest moves.
  • Year by year, Return on Invested Capital stood at 0.02% in 2022, then slumped by 163 bps to 0.01% in 2023, then decreased by 29 bps to 0.02% in 2024, then plunged by 635 bps to 0.13% in 2025, then slipped by 20 bps to 0.16% in 2026.
  • Per Business Quant data, the three most recent Return on Invested Capital figures were 0.16% in Q1 2026, 0.13% in Q4 2025, and 0.06% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROIC (Qtr)
1 Oculis Holding AG 68,785.72 Bn 68,785.72 Bn - -
2 Nanobiotix 1,895.57 Bn 1,895.51 Bn - -
3 BeOne Medicines 471.35 Bn 466.56 Bn 1.35 Bn 0.00%
4 NuCana 279.75 Bn 279.75 Bn - -
5 Vertex Pharmaceuticals 120.24 Bn 113.00 Bn 2.59 Bn -
6 Regeneron Pharmaceuticals 67.80 Bn 59.04 Bn 3.31 Bn 0.04%
7 Belite Bio 62.51 Bn 62.51 Bn - -
8 Argenx Se 57.38 Bn 57.38 Bn 1.41 Bn -
9 Revolution Medicines 37.78 Bn 37.78 Bn - -
10 Moderna 22.52 Bn 17.32 Bn -566.00 Mn -0.16%

Historic Data

Download Data
DateValue
Mar 31, 2026 -0.16%
Dec 31, 2025 -0.13%
Sep 30, 2025 -0.06%
Jun 30, 2025 -0.03%
Mar 31, 2025 -0.02%
Dec 31, 2024 -0.02%
Sep 30, 2024 -0.01%
Jun 30, 2024 -0.02%
Mar 31, 2024 -0.02%
Dec 31, 2023 -0.01%
Sep 30, 2023 -0.01%
Jun 30, 2023 0.00%
Mar 31, 2023 0.01%
Dec 31, 2022 0.02%
Sep 30, 2022 0.04%
Jun 30, 2022 0.05%
Mar 31, 2022 0.07%
Dec 31, 2021 0.08%
Sep 30, 2021 0.07%
Jun 30, 2021 0.05%