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Tarsus Pharmaceuticals, Inc. TARS Return on invested capital

Return on invested capital at other companies

AbbVie logo
AbbVieABBV
17.1%
Bausch + Lomb logo
Bausch + LombBLCO
2.1%+1.4pp
Kodiak Sciences Inc logo
Kodiak Sciences IncKOD
-791%-2,661pp
Regeneron Pharmaceuticals logo
Regeneron PharmaceuticalsREGN
10.3%-2.0pp
Warby Parker logo
Warby ParkerWRBY
-1.9%-0.8pp
Glaukos logo
GlaukosGKOS
-27.8%+63.5pp

Other financials

Income statement

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Revenue$162.1M+107%
Gross profit$152.7M+109%
Operating income-$6.1M+76.7%
Net income-$7.0M+72.3%
EPS (diluted)-$0.16+75.0%

Balance sheet

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Cash & equivalents$104.2M-41.6%
Total debt$88.7M+22.5%
Total equity$349.0M+1.9%
Total assets$581.1M+16.1%

Cash flow

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Operating cash flow-$24.7M-19.4%
CapEx$5.8M+886%
Free cash flow-$30.5M-43.4%

Valuation

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Market cap$2.85B+41.1%
Enterprise value$2.83B+47.8%
P/S5.3×-3.3×

Profitability

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Gross margin42.7%
Operating margin-9.5%-4.2pp
Net margin-9%-4.0pp
FCF margin-28%-12.6pp

Returns & leverage

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Return on equity-14%-5.2pp
Debt / equity0.3×0.0×
Current ratio3.7×-1.8×

Where this comes from

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

Based on trailing twelve months.

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

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Questions, answered.

What is Tarsus Pharmaceuticals, Inc.'s return on invested capital?
Tarsus Pharmaceuticals, Inc. (TARS) reported return on invested capital of -17.8% in Q1 2026.
How has Tarsus Pharmaceuticals, Inc.'s return on invested capital changed year-over-year?
Tarsus Pharmaceuticals, Inc.'s return on invested capital increased by 71.4% year-over-year, from -62.4% to -17.8%.
What is the long-term trend for Tarsus Pharmaceuticals, Inc.'s return on invested capital?
Over 2 years (2023 to 2025), Tarsus Pharmaceuticals, Inc.'s return on invested capital has grown at a -59.5% compound annual growth rate (CAGR), from -197% to -32.3%.
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.