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Joby Aviation JOBY Return on invested capital

Return on invested capital at other companies

General Electric logo
General ElectricGE
50.4%+26.9pp
HEICO logo
HEICOHEI
14.4%+1.3pp
General Dynamics logo
General DynamicsGD
14%+0.9pp
FTAI Aviation Ltd. logo
FTAI Aviation Ltd.FTAI
21.1%+13.2pp
Eaton Corporation logo
Eaton CorporationETN
17.7%+2.5pp

Other financials

Income statement

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Revenue$24.2M
Operating income-$233.6M-43.1%
Net income-$110.0M-33.4%
EPS (diluted)-$0.12-9.1%

Balance sheet

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Cash & equivalents$875.4M+611%
Total debt$747.7M+2,265%
Total equity$2.0B+128%
Total assets$2.9B+170%

Cash flow

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Operating cash flow-$144.4M-30.2%
CapEx$77.9M+421%
Free cash flow-$222.4M-76.6%

Valuation

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Market cap$9.84B+70.6%
Enterprise value$9.71B+71.2%
P/S126.6×-51,827×

Profitability

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Operating margin-1,017%-508pp
Net margin-1,232.6%-616pp
FCF margin-850.1%-425pp

Returns & leverage

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Return on equity-68%+3.3pp
Debt / equity0.4×+0.3×
Current ratio22.1×+4.3×

Where this comes from

Calculated from Joby Aviation’s reported figures.

Based on trailing twelve months.

The official record: Joby Aviation’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Joby Aviation's return on invested capital?
Joby Aviation (JOBY) reported return on invested capital of -60.8% in Q1 2026.
How has Joby Aviation's return on invested capital changed year-over-year?
Joby Aviation's return on invested capital increased by 17.7% year-over-year, from -73.9% to -60.8%.
What is the long-term trend for Joby Aviation's return on invested capital?
Over 3 years (2022 to 2025), Joby Aviation's return on invested capital has grown at a 9.4% compound annual growth rate (CAGR), from -55.8% to -73.2%.
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.