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ARS Pharmaceuticals, Inc. SPRY Return on invested capital

Return on invested capital at other companies

Amneal Pharmaceuticals, Inc. logo
Amneal Pharmaceuticals, Inc.AMRX
20.1%+10.7pp
Viatris logo
ViatrisVTRS
0.5%+0.3pp
Catalyst Pharmaceutical logo
Catalyst PharmaceuticalCPRX
83.9%+8.9pp
Eton Pharmaceuticals, Inc. logo
Eton Pharmaceuticals, Inc.ETON
-45.1%-22.2pp

Other financials

Income statement

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Revenue$22.7M+184%
Operating income-$60.1M-61.8%
Net income-$60.6M-78.6%
EPS (diluted)-$0.61-74.3%

Balance sheet

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Cash & equivalents$24.3M-39.0%
Total debt$96.5M+132,122%
Total equity$61.3M-73.2%
Total assets$287.6M-12.1%

Cash flow

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Operating cash flow-$44.9M-10.3%
CapEx--100%
Free cash flow-$44.9M-10.1%

Valuation

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Market cap$1.05B-32.6%
Enterprise value$1.12B-26.0%
P/S10.6×-5.4×

Profitability

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Operating margin-204.5%
Net margin-200%-219pp
FCF margin-177.1%-206pp

Returns & leverage

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Return on equity-136.4%-144pp
Debt / equity1.6×+1.6×
Current ratio4.9×-6.1×

Where this comes from

Calculated from ARS Pharmaceuticals, Inc.’s reported figures.

Based on trailing twelve months.

The official record: ARS Pharmaceuticals, Inc.’s 10-Q, filed May 15, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is ARS Pharmaceuticals, Inc.'s return on invested capital?
ARS Pharmaceuticals, Inc. (SPRY) reported return on invested capital of -125.5% in Q1 2026.
How has ARS Pharmaceuticals, Inc.'s return on invested capital changed year-over-year?
ARS Pharmaceuticals, Inc.'s return on invested capital decreased by 210.4% year-over-year, from -40.4% to -125.5%.
What is the long-term trend for ARS Pharmaceuticals, Inc.'s return on invested capital?
Over 2 years (2023 to 2025), ARS Pharmaceuticals, Inc.'s return on invested capital has grown at a 25.6% compound annual growth rate (CAGR), from -60.6% to -95.6%.
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.