What is CorMedix's return on invested capital?

CorMedix (CRMD) reported return on invested capital of 97.4% in Q4 2025.

What is the long-term trend for CorMedix's return on invested capital?

Over 4 years (2020 to 2025), CorMedix's return on invested capital has grown at a -34.5% compound annual growth rate (CAGR), from -529.4% to 97.4%.

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.

CorMedix CRMD Return on invested capital

Return on invested capital at other companies

PfizerPFE

6%—

Merck & Co.MRK

10.8%-12.8pp

Merit Medical SystemsMMSI

7.4%-0.2pp

ITG

Integer HoldingsITGR

6%+0.5pp

IAR

Integra LifeSciencesIART

-16.4%-16.7pp

Emergent BiosolutionsEBS

8.4%+5.3pp

Other financials

Income statement

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Revenue$127.4M+226%

Gross profit$115.4M+207%

Operating income$63.7M+216%

Net income$38.6M+87.0%

EPS (diluted)$0.43+43.3%

Balance sheet

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Cash & equivalents$179.1M+170%

Total debt$4.3M+729%

Total equity$437.0M+280%

Total assets$815.6M+445%

Cash flow

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Operating cash flow$42.4M+115%

CapEx$729.0K+7,190%

Free cash flow$41.7M+111%

Valuation

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Market cap$605.65M-34.4%

P/E3.4×—

P/S1.5×-9.6×

Profitability

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Gross margin91.9%-3.5pp

Operating margin48.4%—

Net margin45.2%—

FCF margin48.7%+38.8pp

Returns & leverage

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Return on equity65.6%—

Debt / equity0×0.0×

Current ratio3×-1.2×

Where this comes from

Calculated from CorMedix’s reported figures.

nopat/invested capital=97.4%

Based on trailing twelve months.

The official record: CorMedix’s 10-Q, filed May 14, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is CorMedix's return on invested capital?: CorMedix (CRMD) reported return on invested capital of 97.4% in Q4 2025.
What is the long-term trend for CorMedix's return on invested capital?: Over 4 years (2020 to 2025), CorMedix's return on invested capital has grown at a -34.5% compound annual growth rate (CAGR), from -529.4% to 97.4%.
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.