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Immatics stock: key metrics
IMTXImmatics had an operating margin of −377.1% and a return on invested capital (ROIC) of −25.1% in fiscal 2025.
Margins show how much of revenue is left over, returns on capital how hard the invested money works.
Daily figure as of 13 Nov 2026
Margins
- Gross margin
- Operating margin
- Net margin
Figures as a table
| Year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| 2018 | −801.1% | −912.7% | −834.1% |
| 2019 | −117.3% | −178.9% | −172.0% |
| 2020 | −114.7% | −223.1% | −676.0% |
| 2021 | 100.0% | −248.2% | −268.5% |
| 2022 | 100.0% | 17.3% | 16.0% |
| 2023 | 100.0% | −188.4% | −175.3% |
| 2024 | 100.0% | −24.8% | 9.8% |
| 2025 | 100.0% | −377.1% | −407.0% |
Returns on capital
- ROE
- ROIC
- ROA
Figures as a table
| Year | ROE | ROIC | ROA |
|---|---|---|---|
| 2018 | 200.0% | −78.8% | −51.3% |
| 2019 | 75.8% | −52.4% | −23.6% |
| 2020 | −100.0% | −45.5% | −83.0% |
| 2021 | −100.0% | −53.1% | −53.4% |
| 2022 | 13.6% | 10.4% | 6.8% |
| 2023 | −43.5% | −24.5% | −18.6% |
| 2024 | 2.6% | −5.6% | 2.2% |
| 2025 | −40.6% | −25.1% | −34.9% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = €0.9024)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Weak, published since 7 Nov 2026 (in the score history since 31 Mar 2024)
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.