Novavax (NVAX) Return on Capital Employed [ROCE] (2011 - 2026)
Novavax's Return on Capital Employed [ROCE] was -35.01% in Q2 2026, down 72.98 percentage points from 37.97% a year earlier and down 24.82 percentage points from the prior quarter.
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Analysis
Novavax (NVAX) Return on Capital Employed [ROCE] (2011 - 2026) Analysis & Trends
For FY2025, Return on Capital Employed [ROCE] at Novavax came in at 49.84%, up 97.30 percentage points from FY2024.
- Return on Capital Employed [ROCE] shows a five-year change of +189.66 percentage points (FY2020 to FY2025).
- In earlier years, Return on Capital Employed [ROCE] was -47.46% in FY2024 (+96.71 pp) and -144.17% in FY2023.
- The Q2 2026 figure marks the lowest quarterly Return on Capital Employed [ROCE] since Q4 2024.
- Compared with a year earlier, Return on Capital Employed [ROCE] was higher in six of the last eight quarters, with an average year-over-year change of +137.39 percentage points.
- The best year-over-year quarter for Return on Capital Employed [ROCE] over five years was Q2 2024 (a gain of 3498.17 percentage points); the worst was Q2 2023 (a drop of 3321.12 percentage points).
- Per Business Quant data, NVAX's Return on Capital Employed [ROCE] in the three quarters before Q2 2026 was -10.18% (Q1 2026), 63.04% (Q4 2025) and 37.12% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,076.25 Bn | 1,044.84 Bn | 19.71 Bn | 46.74% |
| 2 | Johnson & Johnson | 617.18 Bn | 535.70 Bn | 17.26 Bn | 17.83% |
| 3 | AbbVie | 464.58 Bn | 437.73 Bn | 12.70 Bn | 17.92% |
| 4 | Merck | 356.04 Bn | 310.47 Bn | 12.21 Bn | 6.28% |
| 5 | Novartis Ag | 269.07 Bn | 224.94 Bn | 11.24 Bn | 19.32% |
| 6 | Astrazeneca | 243.21 Bn | 216.77 Bn | 12.86 Bn | 9.54% |
| 7 | Amgen | 217.88 Bn | 173.28 Bn | 7.24 Bn | 16.66% |
| 8 | Gilead Sciences | 179.62 Bn | 153.74 Bn | 6.22 Bn | -5.97% |
| 9 | Pfizer | 158.45 Bn | 105.40 Bn | 10.94 Bn | 11.86% |
| 10 | Novavax | 1.72 Bn | -1.28 Bn | 42.45 Mn | -35.01% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -35.01% |
| 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% |
| 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% |
| Mar 31, 2021 | -67.93% |
API Access
Novavax Return on Capital Employed [ROCE] 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-capital-employed-%5Broce%5D&ticker=NVAX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "ticker": "NVAX", "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-capital-employed-%5Broce%5D&ticker=NVAX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();