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Relay Therapeutics, Inc. RLAY Return on invested capital

Return on invested capital at other companies

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CelcuityCELC
-168.1%-1,894pp
Revolution Medicines, Inc. logo
Revolution Medicines, Inc.RVMD
-89.6%+1,237pp
Ligand Pharmaceuticals logo
Ligand PharmaceuticalsLGND
9.6%+6.6pp
Cogent Biosciences, Inc. logo
Cogent Biosciences, Inc.COGT
-147.2%-18.7pp
Tango Therapeutics logo
Tango TherapeuticsTNGX
-57.7%-11.3pp
Revvity logo
RevvityRVTY
3.6%+0.5pp

Other financials

Income statement

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Revenue$3.0M-60.9%
Operating income-$78.6M+7.4%
Net income-$73.3M+4.9%
EPS (diluted)-$0.41+10.9%

Balance sheet

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Cash & equivalents$204.6M+119%
Total debt$31.6M-33.1%
Total equity$642.2M-10.9%
Total assets$699.6M-12.5%

Cash flow

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Operating cash flow-$51.1M+30.2%
CapEx$1.0K
Free cash flow-$44.9M+22.5%

Valuation

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Market cap$3.46B+300%
Enterprise value$3.29B+304%
P/S324.1×+212×

Profitability

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Operating margin-2,776.6%-820pp
Net margin-2,554.1%-745pp
FCF margin-1,536%-429pp

Returns & leverage

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Return on equity-40%-4.3pp
Debt / equity0.0×
Current ratio22.1×+2.2×

Where this comes from

Calculated from Relay Therapeutics, Inc.’s reported figures.

Based on trailing twelve months.

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

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Questions, answered.

What is Relay Therapeutics, Inc.'s return on invested capital?
Relay Therapeutics, Inc. (RLAY) reported return on invested capital of -51.8% in Q1 2026.
How has Relay Therapeutics, Inc.'s return on invested capital changed year-over-year?
Relay Therapeutics, Inc.'s return on invested capital increased by 6.8% year-over-year, from -55.6% to -51.8%.
What is the long-term trend for Relay Therapeutics, Inc.'s return on invested capital?
Over 4 years (2021 to 2025), Relay Therapeutics, Inc.'s return on invested capital has grown at a -9.6% compound annual growth rate (CAGR), from -74.4% to -49.7%.
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.