United Therapeutics (UTHR) Return on Invested Capital [ROIC] (2010 - 2025)
United Therapeutics (UTHR) recorded Return on Invested Capital [ROIC] of 16.98% in Q4 2025, up 0.84 percentage points from 16.15% a year earlier and up 0.42 percentage points from the prior quarter.
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Analysis
United Therapeutics (UTHR) Return on Invested Capital [ROIC] (2010 - 2025) Analysis & Trends
For FY2025, United Therapeutics reported Return on Invested Capital [ROIC] of 16.80%, up 0.87 percentage points from FY2024.
- Annual Return on Invested Capital [ROIC] has increased for four straight years, with a five-year change of +4.57 percentage points (FY2020 to FY2025).
- Across earlier years, Return on Invested Capital [ROIC] came in at 15.93% in FY2024 (+1.01 pp), 14.91% in FY2023 (+0.44 pp), 14.48% in FY2022 (+4.53 pp) and 9.95% in FY2021 (-2.28 pp).
- The Q4 2025 figure is the highest quarterly Return on Invested Capital [ROIC] since Q4 2018.
- On a year-over-year basis, Return on Invested Capital [ROIC] rose in seven of the last eight quarters, with an average year-over-year change of +1.32 percentage points.
- Peak year-over-year performance for Return on Invested Capital [ROIC] in the last five years was a gain of 7.79 percentage points in Q1 2022, against a drop of 6.86 percentage points in Q1 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at 16.56% (Q3 2025), 15.69% (Q2 2025) and 15.80% (Q1 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,076.25 Bn | 1,044.84 Bn | 19.71 Bn | 37.16% |
| 2 | Johnson & Johnson | 617.18 Bn | 535.70 Bn | 17.26 Bn | 16.10% |
| 3 | AbbVie | 464.58 Bn | 437.73 Bn | 12.70 Bn | 18.68% |
| 4 | Merck | 356.04 Bn | 310.47 Bn | 12.21 Bn | 3.56% |
| 5 | Novartis Ag | 269.07 Bn | 224.94 Bn | 11.24 Bn | 21.95% |
| 6 | Astrazeneca | 243.21 Bn | 216.77 Bn | 12.86 Bn | 28.83% |
| 7 | Amgen | 217.88 Bn | 173.28 Bn | 7.24 Bn | 14.33% |
| 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 | 13.44% |
| 10 | United Therapeutics | 23.12 Bn | 12.61 Bn | 683.80 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 16.98% |
| Sep 30, 2025 | 16.56% |
| Jun 30, 2025 | 15.69% |
| Mar 31, 2025 | 15.80% |
| Dec 31, 2024 | 16.15% |
| Sep 30, 2024 | 15.57% |
| Jun 30, 2024 | 15.89% |
| Mar 31, 2024 | 15.15% |
| Dec 31, 2023 | 13.88% |
| Sep 30, 2023 | 13.44% |
| Jun 30, 2023 | 13.97% |
| Mar 31, 2023 | 13.22% |
| Dec 31, 2022 | 13.68% |
| Sep 30, 2022 | 14.41% |
| Jun 30, 2022 | 13.80% |
| Mar 31, 2022 | 14.75% |
| Dec 31, 2021 | 9.49% |
| Sep 30, 2021 | 8.11% |
| Jun 30, 2021 | 8.26% |
| Mar 31, 2021 | 6.96% |
API Access
United Therapeutics Return on Invested Capital [ROIC] 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-invested-capital-%5Broic%5D&ticker=UTHR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "UTHR", "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-invested-capital-%5Broic%5D&ticker=UTHR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();