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Amgen AMGN Return on invested capital

Return on invested capital at other companies

Eli Lilly logo
Eli LillyLLY
42%+16.6pp
Pfizer logo
PfizerPFE
6%
Regeneron Pharmaceuticals logo
Regeneron PharmaceuticalsREGN
10.3%-1.5pp
Nektar Therapeutics logo
Nektar TherapeuticsNKTR
-35.4%-12.2pp
Oruka Therapeutics, Inc. logo
Oruka Therapeutics, Inc.ORKA
-37%
Jazz Pharmaceuticals logo
Jazz PharmaceuticalsJAZZ
-6.1%-14.2pp

Other financials

Income statement

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Revenue$8.6B+5.8%
Gross profit$5.9B+13.4%
Operating income$2.7B+126%
Net income$1.8B+5.1%
EPS (diluted)$3.34+4.4%

Balance sheet

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Cash & equivalents$559.0M+10.0%
Total debt$57.3B-0.1%
Total equity$9.2B+48.1%
Total assets$92.5B+3.5%

Cash flow

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Operating cash flow$2.2B+57.4%
CapEx$712.0M+73.2%
Free cash flow$1.5B+50.7%

Valuation

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Market cap$207.87B+28.0%
Enterprise value$264.64B+21.4%
P/E26.7×+2.1×
P/S5.6×+0.9×

Profitability

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Gross margin68.3%+5.3pp
Operating margin28.4%+6.6pp
Net margin21%+3.6pp
FCF margin23.1%-8.9pp

Returns & leverage

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Return on equity101.3%-4.4pp
Debt / equity6.2×-3.0×
Current ratio1.3×+0.1×

Where this comes from

Calculated from Amgen’s reported figures.

Based on trailing twelve months.

The source filing: Amgen’s 10-Q, filed April 30, 2026. Open the filing →

Filed
Apr 30, 2026, 7:04 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000318154-26-000057

FAQ

What is Amgen's return on invested capital?
Amgen (AMGN) reported return on invested capital of 14.1% in Q1 2026.
How has Amgen's return on invested capital changed year-over-year?
Amgen's return on invested capital increased by 39.3% year-over-year, from 10.1% to 14.1%.
What is the long-term trend for Amgen's return on invested capital?
Over 5 years (2020 to 2025), Amgen's return on invested capital has grown at a -9.7% compound annual growth rate (CAGR), from 20% to 12%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.

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