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Exelixis EXEL Return on invested capital

Return on invested capital at other companies

Eli Lilly logo
Eli LillyLLY
42%+16.6pp
Pfizer logo
PfizerPFE
6%
Summit Therapeutics logo
Summit TherapeuticsSMMT
-81.8%-27.5pp
Incyte logo
IncyteINCY
65.6%+61.0pp
Ionis Pharmaceuticals logo
Ionis PharmaceuticalsIONS
-51%-21.2pp
Neurocrine Biosciences logo
Neurocrine BiosciencesNBIX
17.5%+5.1pp

Other financials

Income statement

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Revenue$610.8M+10.0%
Gross profit$590.9M+10.2%
Operating income$251.3M+34.5%
Net income$210.5M+31.9%
EPS (diluted)$0.79+43.6%

Balance sheet

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Cash & equivalents$226.2M+23.1%
Total debt$169.5M-9.4%
Total equity$1.9B-9.2%
Total assets$2.6B-8.6%

Cash flow

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Operating cash flow$251.8M+19.1%
CapEx$1.5M-48.9%
Free cash flow$250.3M+20.1%

Valuation

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Market cap$13.05B+10.1%
Enterprise value$12.99B+9.5%
P/E15.7×-2.8×
P/S5.5×+0.3×

Profitability

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Gross margin96.4%-0.3pp
Operating margin39.4%+6.3pp
Net margin35.1%+7.1pp
FCF margin38.6%+2.9pp

Returns & leverage

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Return on equity41%+10.8pp
Debt / equity0.1×0.0×
Current ratio3.3×-0.2×

Where this comes from

Calculated from Exelixis’s reported figures.

Based on trailing twelve months.

The official record: Exelixis’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Exelixis's return on invested capital?
Exelixis (EXEL) reported return on invested capital of 46.7% in Q1 2026.
How has Exelixis's return on invested capital changed year-over-year?
Exelixis's return on invested capital increased by 28.8% year-over-year, from 36.2% to 46.7%.
What is the long-term trend for Exelixis's return on invested capital?
Over 4 years (2020 to 2025), Exelixis's return on invested capital has grown at a 62.3% compound annual growth rate (CAGR), from 6.1% to 42.3%.
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.