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| Date | Value |
|---|---|
| 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% |