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Illumina ILMN Return on invested capital

Return on invested capital at other companies

Revvity logo
RevvityRVTY
3.6%+0.5pp
Thermo Fisher Scientific logo
Thermo Fisher ScientificTMO
8.5%+0.5pp
Azenta logo
AzentaAZTA
-9.7%-18.4pp
Pacific Biosciences of California logo
Pacific Biosciences of CaliforniaPACB
-304.3%+119pp
Personalis, Inc. logo
Personalis, Inc.PSNL
-51.5%+9.2pp
Guardant Health logo
Guardant HealthGH
-132.8%

Other financials

Income statement

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Revenue$1.2B+9.4%
Gross profit$770.0M+10.8%
Operating income$245.0M+14.5%
Net income$207.0M-11.9%
EPS (diluted)$1.35-9.4%

Balance sheet

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Cash & equivalents$1.0B+11.3%
Total debt$1.9B-7.3%
Total equity$2.8B+25.7%
Total assets$6.7B+9.2%

Cash flow

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Operating cash flow$201.0M-14.1%
CapEx$39.0M+30.0%
Free cash flow$162.0M-20.6%

Valuation

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Market cap$31.03B+99.1%
Enterprise value$31.94B+90.7%
P/E37.6×+25.2×
P/S6.9×+3.3×

Profitability

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Gross margin66.4%-0.2pp
Operating margin19.6%
Net margin18.4%-11.0pp
FCF margin20.7%-3.3pp

Returns & leverage

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Return on equity32.4%-35.7pp
Debt / equity0.7×-0.2×
Current ratio1.8×0.0×

Where this comes from

Calculated from Illumina’s reported figures.

Based on trailing twelve months.

The source filing: Illumina’s 8-K, filed July 30, 2026. Open the filing →

Filed
Jul 30, 2026, 4:07 PM EDT
Accession
0001110803-26-000155

FAQ

What is Illumina's return on invested capital?
Illumina (ILMN) reported return on invested capital of 20% in Q2 2026.
What is the long-term trend for Illumina's return on invested capital?
Over 4 years (2020 to 2025), Illumina's return on invested capital has grown at a 17.7% compound annual growth rate (CAGR), from 9.8% to 18.8%.
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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