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Moderna, Inc. (MRNA) Return on Invested Capital (ROIC): -29.70%

Is Moderna, Inc.’s return on invested capital (ROIC) high or low?

Moderna, Inc.'s return on invested capital (ROIC) of -29.70% is 15732% below its 5-year average of 0.19%, near the low end of its 5-year range (-32.53%–77.53%).

As of Sunday, June 14, 2026. 4.55% above its 12-month average of -31.12%.

MRNA Return on Invested Capital (ROIC) Chart

MRNA Return on Invested Capital (ROIC)
-29.70%+8.70% 1Y
Zoom

MRNA Average Return on Invested Capital (ROIC) Chart

MRNA Current vs Average Return on Invested Capital (ROIC) Chart

MRNA Return on Invested Capital (ROIC) Metrics

RETURN ON INVESTED CAPITAL (ROIC)

-29.70%

RETURN ON INVESTED CAPITAL (ROIC) AVG TTM

-31.12%

RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y

-12.69%

RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y

0.19%

RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y

N/A

RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y

N/A

RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y

N/A

CURRENT VS TTM AVG

+4.55%

CURRENT VS 3Y AVG

-134.04%

CURRENT VS 5Y AVG

-15731.58%

CURRENT VS 10Y AVG

N/A

CURRENT VS 15Y AVG

N/A

CURRENT VS 20Y AVG

N/A

MRNA Competitors' Return on Invested Capital (ROIC)

NAMEMARKET CAPRETURN ON INVESTED CAPITAL (ROIC)TTM3Y5Y
Moderna, Inc. (MRNA)$19.80B-29.70%-31.12%-12.69%0.19%
Labcorp Holdings Inc. (LH)vs ›$21.83B7.39%6.30%5.64%7.56%
Hologic, Inc. (HOLX)vs ›$16.97B7.35%8.59%9.78%13.56%
Mettler-Toledo International Inc. (MTD)vs ›$22.86B35.46%38.26%37.51%36.01%
BioNTech SE (BNTX)vs ›$22.90B-3.14%-4.79%9.55%20.42%
United Therapeutics Corporation (UTHR)vs ›$23.17B16.14%15.79%14.57%13.09%
Waters Corporation (WAT)vs ›$23.17B17.57%18.00%20.73%22.79%
Veeva Systems Inc. (VEEV)vs ›$25.92B9.48%9.25%9.54%11.31%
Solventum Corporation (SOLV)vs ›$13.66B17.76%12.30%11.68%9.71%
The Cooper Companies, Inc. (COO)vs ›$13.24B3.98%4.09%3.90%4.29%

Capital Efficiency

ROIC

-29.7%

ROE

-43.1%

Moderna, Inc. Return on Invested Capital (ROIC) Formula & Definition

ROIC = NOPAT / Invested Capital

Return on invested capital measures the after-tax return a company earns on all capital (debt and equity) invested in the business.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Moderna, Inc. Return on Invested Capital (ROIC) FAQ

What is the return on invested capital (ROIC) for Moderna, Inc. (MRNA)?
The return on invested capital (ROIC) for MRNA stock is -29.70%.
Is Moderna, Inc.'s return on invested capital (ROIC) high or low?
Moderna, Inc.'s return on invested capital (ROIC) of -29.70% is 15732% below its 5-year average of 0.19%, near the low end of its 5-year range (-32.53%–77.53%).
What is the TTM average return on invested capital (ROIC) for Moderna, Inc. (MRNA)?
The TTM average return on invested capital (ROIC) for MRNA stock is -31.12%.
What is the 3Y average return on invested capital (ROIC) for Moderna, Inc. (MRNA)?
The 3Y average return on invested capital (ROIC) for MRNA stock is -12.69%.
What is the 5Y average return on invested capital (ROIC) for Moderna, Inc. (MRNA)?
The 5Y average return on invested capital (ROIC) for MRNA stock is 0.19%.

Moderna, Inc. Return on Invested Capital (ROIC) History

DATERETURN ON INVESTED CAPITAL (ROIC)
2025-12-31-29.70%
2024-12-31-32.53%
2023-12-31-27.46%
2022-12-3138.93%
2021-12-3177.53%
2020-12-31-25.63%
2019-12-31-37.68%
2018-12-31-26.96%
2017-12-31-30.15%
2016-12-31-17.84%

About Moderna, Inc.

Moderna, Inc., a biotechnology firm, is dedicated to the discovery, development, and commercialization of messenger RNA (mRNA) based therapies and preventive medicines. Its extensive research and development efforts target a broad spectrum of medical needs, including infectious diseases, cancer immunology, rare conditions, cardiovascular ailments, and autoimmune disorders, with operations spanning the United States, Europe, and other global markets. The company's diverse product pipeline encompasses various vaccine candidates: those for respiratory illnesses like COVID-19, influenza, and respiratory syncytial virus (RSV); latent viral infections such as cytomegalovirus (CMV), Epstein-Barr virus (EBV), human immunodeficiency virus (HIV), herpes simplex virus (HSV), and varicella-zoster virus (VZV); and public health threats like Zika and Nipah. Additionally, Moderna is advancing systemic secreted and cell surface-targeted therapeutics, an array of cancer vaccines (including personalized, KRAS, and checkpoint varieties), intratumoral immuno-oncology products, localized regenerative treatments, systemic intracellular medicines, and inhaled pulmonary solutions. Moderna maintains strategic alliances with several prominent entities, including AstraZeneca PLC, Merck & Co., Inc., Vertex Pharmaceuticals Incorporated, Vertex Pharmaceuticals (Europe) Limited, Carisma Therapeutics, Inc., Metagenomi, Inc., the Defense Advanced Research Projects Agency (DARPA), the Biomedical Advanced Research and Development Authority (BARDA), the Institute for Life Changing Medicines, and The Bill & Melinda Gates Foundation. It also holds a collaboration and license agreement with Chiesi Farmaceutici S.P.A. Founded in 2010 as Moderna Therapeutics, Inc., the company officially became Moderna, Inc. in August 2018. Its corporate headquarters are located in Cambridge, Massachusetts.

Cambridge, MA
5,800 employees
Healthcare / Biotechnology
Sector
Healthcare
Industry
Biotechnology
CEO
Stéphane Bancel