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Cullinan Therapeutics, Inc. CGEM Return on invested capital

Return on invested capital at other companies

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Eli LillyLLY
42%+16.6pp
Johnson & Johnson logo
Johnson & JohnsonJNJ
20.6%+0.3pp
Amgen logo
AmgenAMGN
14.1%+4.0pp
Regeneron Pharmaceuticals logo
Regeneron PharmaceuticalsREGN
10.3%-2.0pp
Janux Therapeutics logo
Janux TherapeuticsJANX
-16.8%+1.0pp
Nektar Therapeutics logo
Nektar TherapeuticsNKTR
-35.4%-12.2pp

Other financials

Income statement

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Revenue-
Operating income-$53.7M+2.4%
Net income-$49.7M-2.4%
EPS (diluted)-$0.69+24.2%

Balance sheet

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Cash & equivalents$75.1M-2.1%
Total debt$2.4M+29.5%
Total equity$408.7M-30.8%
Total assets$403.0M-30.5%

Cash flow

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Operating cash flow-$46.0M-6.7%
CapEx$11.0K
Free cash flow-$38.1M-4.1%

Valuation

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Market cap$1.08B+140%
Enterprise value$1.01B+168%

Profitability

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Operating margin-358.7%
Net margin-346.1%

Returns & leverage

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Return on equity-44%+26.2pp
Debt / equity0.0×
Current ratio10.3×-1.3×

Where this comes from

Calculated from Cullinan Therapeutics, Inc.’s reported figures.

Based on trailing twelve months.

The official record: Cullinan Therapeutics, Inc.’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Cullinan Therapeutics, Inc.'s return on invested capital?
Cullinan Therapeutics, Inc. (CGEM) reported return on invested capital of -58% in Q4 2025.
How has Cullinan Therapeutics, Inc.'s return on invested capital changed year-over-year?
Cullinan Therapeutics, Inc.'s return on invested capital decreased by 28.0% year-over-year, from -45.4% to -58%.
What is the long-term trend for Cullinan Therapeutics, Inc.'s return on invested capital?
Over 2 years (2023 to 2025), Cullinan Therapeutics, Inc.'s return on invested capital has grown at a 6.2% compound annual growth rate (CAGR), from -51.5% to -58%.
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.