Exagen (XGN) Return on Invested Capital [ROIC] (2019 - 2026)
Exagen (XGN) recorded Return on Invested Capital [ROIC] of -36.52% in Q2 2026, up 2.84 percentage points from -39.36% a year earlier but down 0.15 percentage points from the prior quarter.
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Analysis
Exagen (XGN) Return on Invested Capital [ROIC] (2019 - 2026) Analysis & Trends
For FY2025, Exagen reported Return on Invested Capital [ROIC] of -40.12%, down 2.23 percentage points from FY2024.
- Annual Return on Invested Capital [ROIC] has a five-year change of -19.97 percentage points (FY2020 to FY2025).
- Across earlier years, Return on Invested Capital [ROIC] came in at -37.89% in FY2024 (+2.31 pp), -40.20% in FY2023 (+9.60 pp), -49.80% in FY2022 (-23.20 pp) and -26.61% in FY2021 (-6.46 pp).
- Quarterly Return on Invested Capital [ROIC] has ranged from -49.01% in Q1 2025 to -17.04% in Q3 2021 over the past five years.
- On a year-over-year basis, Return on Invested Capital [ROIC] has increased for five consecutive quarters, with an average year-over-year change of +7.97 percentage points over the last five quarters.
- Per Business Quant, the preceding three quarters came in at -36.36% (Q1 2026), -34.56% (Q4 2025) and -29.33% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 93.08 Bn | 92.52 Bn | - | 22.01% |
| 2 | Natera | 58.93 Bn | 54.61 Bn | 485.19 Mn | -11.74% |
| 3 | Quest Diagnostics | 25.75 Bn | 24.18 Bn | 1.03 Bn | 9.40% |
| 4 | Labcorp Holdings | 24.96 Bn | 22.73 Bn | 1.11 Bn | 8.25% |
| 5 | Guardant Health | 23.76 Bn | 19.82 Bn | 219.03 Mn | - |
| 6 | Tenet Healthcare | 20.83 Bn | 11.98 Bn | - | 18.77% |
| 7 | Tempus AI | 13.43 Bn | 10.46 Bn | 246.50 Mn | -51.95% |
| 8 | BrightSpring Health Services | 11.90 Bn | 10.24 Bn | 492.75 Mn | 8.62% |
| 9 | Encompass Health | 11.82 Bn | 12.29 Bn | - | 15.40% |
| 10 | Exagen | 197.66 Mn | 83.62 Mn | 12.22 Mn | -36.52% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -36.52% |
| Mar 31, 2026 | -36.36% |
| Dec 31, 2025 | -34.56% |
| Sep 30, 2025 | -29.33% |
| Jun 30, 2025 | -39.36% |
| Mar 31, 2025 | -49.01% |
| Dec 31, 2024 | -43.35% |
| Sep 30, 2024 | -43.41% |
| Jun 30, 2024 | -40.86% |
| Dec 31, 2021 | -20.88% |
| Sep 30, 2021 | -17.04% |
| Jun 30, 2021 | -14.18% |
| Mar 31, 2021 | -15.78% |
| Dec 31, 2020 | -21.68% |
| Sep 30, 2020 | -20.96% |
| Jun 30, 2020 | -18.01% |
| Mar 31, 2020 | -15.90% |
| Dec 31, 2019 | -11.21% |
API Access
Exagen 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=XGN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "XGN", "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=XGN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();