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Ligand Pharmaceuticals LGND Return on invested capital

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Other financials

Income statement

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Revenue$51.7M+14.1%
Operating income$17.4M+148%
Net income-$13.3M+68.6%
EPS (diluted)-$0.67+69.7%

Balance sheet

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Cash & equivalents$115.1M+140%
Total debt$5.1M+14.2%
Total equity$997.3M+25.4%
Total assets$1.5B+69.2%

Cash flow

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Operating cash flow$48.7M+291%
CapEx$228.0K+6.5%
Free cash flow$48.5M+289%

Valuation

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Market cap$5.51B+96.7%

Profitability

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Gross margin91.9%
Operating margin34.5%+23.0pp
Net margin55.9%+35.7pp
FCF margin44.8%+16.8pp

Returns & leverage

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Return on equity17.1%+11.5pp
Debt / equity0.0×
Current ratio21.3×+16.0×

Where this comes from

Calculated from Ligand Pharmaceuticals’s reported figures.

Based on trailing twelve months.

The official record: Ligand Pharmaceuticals’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Ligand Pharmaceuticals's return on invested capital?
Ligand Pharmaceuticals (LGND) reported return on invested capital of 9.6% in Q1 2026.
How has Ligand Pharmaceuticals's return on invested capital changed year-over-year?
Ligand Pharmaceuticals's return on invested capital increased by 217.4% year-over-year, from -8.2% to 9.6%.
What is the long-term trend for Ligand Pharmaceuticals's return on invested capital?
Over 5 years (2020 to 2025), Ligand Pharmaceuticals's return on invested capital has grown at a -5.9% compound annual growth rate (CAGR), from 5.4% to 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.