What is Disc Medicine's return on invested capital?

Disc Medicine (IRON) reported return on invested capital of -44.3% in Q1 2026.

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.

Disc Medicine IRON Return on invested capital

Return on invested capital at other companies

Bristol-Myers SquibbBMY

13%+4.2pp

Vertex PharmaceuticalsVRTX

26.8%+23.0pp

Protagonist TherapeuticsPTGX

-27.6%-33.2pp

Agios PharmaceuticalsAGIO

-38.5%-2.4pp

Beam TherapeuticsBEAM

-39.4%-8.8pp

Travere Therapeutics, Inc.TVTX

-118%-48.4pp

Other financials

Income statement

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Operating income-$69.5M-74.0%

Net income-$63.5M-86.3%

EPS (diluted)-$1.65-61.8%

Balance sheet

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Cash & equivalents$88.9M-27.5%

Total debt$31.1M+1.4%

Total equity$688.4M+4.3%

Total assets$750.2M+5.8%

Cash flow

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Operating cash flow-$62.2M-50.4%

CapEx--100%

Free cash flow-$62.2M-47.4%

Valuation

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Market cap$2.69B+42.2%

Enterprise value$2.63B+46.7%

Returns & leverage

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Return on equity-35.8%+41.3pp

Debt / equity0×0.0×

Current ratio24×-13.6×

Where this comes from

Calculated from Disc Medicine’s reported figures.

nopat/invested capital=-44.3%

Based on trailing twelve months.

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

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Questions, answered.

What is Disc Medicine's return on invested capital?: Disc Medicine (IRON) reported return on invested capital of -44.3% in Q1 2026.
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.