Novavax (NVAX) Return on Capital Employed (2011 - 2026)

Novavax's (NVAX) quarterly Return on Capital Employed came in at 10.18% in Q1 2026, down 5114.0% year-on-year from 0.2% in Q1 2025, and down 116.15% quarter-over-quarter from 63.04% in Q4 2025.

Novavax (NVAX) Return on Capital Employed (2011 - 2026) Analysis & Trends

Novavax's Return on Capital Employed history runs 16 years deep, the most recent figure standing at 10.18% for Q1 2026.

  • On a quarterly basis, Return on Capital Employed fell 5114.0% year-over-year to 10.18% in Q1 2026; TTM through Mar 2026 was 10.18%, a 5114.0% decrease from a year earlier, with the FY2025 full-year figure at 49.84%, up 9730.0% from the prior year.
  • Return on Capital Employed fell to 10.18% in Q1 2026 per NVAX's latest filing, from 63.04% in the prior quarter.
  • Across five years, Return on Capital Employed topped out at 6421.91% in Q1 2023 and bottomed at 3566.59% in Q2 2023.
  • The 5-year median for Return on Capital Employed is 51.64% (2024), against an average of 89.17%.
  • Across the five-year window, Return on Capital Employed jumped 670712 bps in 2023 and sank 647359 bps in 2024, its largest moves.
  • Year by year, Return on Capital Employed stood at 327.47% in 2022, then tumbled by 288 bps to 614.53% in 2023, then surged by 92 bps to 51.64% in 2024, then surged by 222 bps to 63.04% in 2025, then sank by 116 bps to 10.18% in 2026.
  • Per Business Quant, the three latest NVAX Return on Capital Employed figures stand at 10.18% (Q1 2026), 63.04% (Q4 2025), and 37.12% (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROCE (Qtr)
1 Oculis Holding AG 68,785.72 Bn 68,785.72 Bn - -31.80%
2 Nanobiotix 1,895.57 Bn 1,895.51 Bn - -
3 BeOne Medicines 471.35 Bn 466.56 Bn 1.35 Bn 10.46%
4 NuCana 279.75 Bn 279.75 Bn - -68.47%
5 Vertex Pharmaceuticals 120.24 Bn 113.00 Bn 2.59 Bn 21.10%
6 Regeneron Pharmaceuticals 67.80 Bn 59.04 Bn 3.31 Bn 10.19%
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 - -68.84%
10 Novavax 788.01 Mn -2.33 Mn 108.82 Mn -10.18%

Historic Data

Download Data
DateValue
Mar 31, 2026 -10.18%
Dec 31, 2025 63.04%
Sep 30, 2025 37.12%
Jun 30, 2025 37.97%
Mar 31, 2025 40.96%
Dec 31, 2024 -51.64%
Sep 30, 2024 -51.56%
Jun 30, 2024 -68.42%
Mar 31, 2024 -51.69%
Dec 31, 2023 -614.53%
Sep 30, 2023 -309.52%
Jun 30, 2023 -3,566.59%
Mar 31, 2023 6,421.91%
Dec 31, 2022 327.47%
Sep 30, 2022 -157.71%
Jun 30, 2022 -245.47%
Mar 31, 2022 -285.21%
Dec 31, 2021 -931.67%
Sep 30, 2021 -115.49%
Jun 30, 2021 -90.64%