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Axsome Therapeutics AXSM Return on invested capital

Return on invested capital at other companies

Eli Lilly logo
Eli LillyLLY
42%+16.6pp
Johnson & Johnson logo
Johnson & JohnsonJNJ
20.6%+0.3pp
Alkermes logo
AlkermesALKS
6.9%-20.7pp
AbbVie logo
AbbVieABBV
17.1%
Neurocrine Biosciences logo
Neurocrine BiosciencesNBIX
17.5%+5.1pp
Jazz Pharmaceuticals logo
Jazz PharmaceuticalsJAZZ
-6.1%-14.2pp

Other financials

Income statement

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Revenue$191.2M+57.4%
Gross profit$176.5M+58.0%
Operating income-$63.4M-11.2%
Net income-$64.5M-8.6%
EPS (diluted)-$1.26-3.3%

Balance sheet

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Cash & equivalents$305.1M+1.4%
Total debt$219.9M+4.1%
Total equity$54.6M+2.6%
Total assets$713.6M+19.6%

Cash flow

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Operating cash flow-$20.7M+52.3%
CapEx$121.0K-64.2%
Free cash flow-$20.8M+52.4%

Valuation

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Market cap$12.89B+52.0%
Enterprise value$12.81B+52.9%
P/S18.2×-1.4×

Profitability

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Gross margin92.6%+1.1pp
Operating margin-24.4%-9.3pp
Net margin-26.6%-9.8pp
FCF margin-10.2%-3.9pp

Returns & leverage

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Return on equity-349.4%+109pp
Debt / equity+0.1×
Current ratio1.4×-0.6×

Where this comes from

Calculated from Axsome Therapeutics’s reported figures.

Based on trailing twelve months.

The official record: Axsome Therapeutics’s 10-Q, filed May 6, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is Axsome Therapeutics's return on invested capital?
Axsome Therapeutics (AXSM) reported return on invested capital of -3,891.6% in Q1 2024.
What does return on invested capital mean?
The after-tax return the business earns on all the capital — debt and equity — invested in it.
How do you interpret return on invested capital?
The cleanest measure of business quality: ROIC sustained above the cost of capital creates value, below it destroys value. Compare against WACC, not against zero.
How does return on invested capital compare across companies?
Highly comparable across companies as a quality screen. Sector-sensitive definitions of invested capital mean banks/insurers are best excluded.