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Moderna stock: key metrics
MRNAModerna had an operating margin of −158.1% and a return on invested capital (ROIC) of −51.7% 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 |
|---|---|---|---|
| 2016 | 86.1% | −206.4% | −199.5% |
| 2017 | 90.0% | −130.9% | −124.3% |
| 2018 | 81.6% | −347.1% | −284.8% |
| 2019 | 48.5% | −906.4% | −853.7% |
| 2020 | 95.1% | −95.0% | −93.0% |
| 2021 | 85.2% | 75.0% | 68.8% |
| 2022 | 71.3% | 49.9% | 44.3% |
| 2023 | 31.5% | −61.9% | −68.8% |
| 2024 | 54.2% | −123.3% | −111.3% |
| 2025 | 55.3% | −158.1% | −145.2% |
Returns on capital
- ROE
- ROIC
- ROA
Figures as a table
| Year | ROE | ROIC | ROA |
|---|---|---|---|
| 2016 | −25.7% | −14.1% | −15.3% |
| 2017 | −40.9% | −19.8% | −23.6% |
| 2018 | −25.1% | −28.1% | −19.6% |
| 2019 | −43.8% | −27.1% | −32.3% |
| 2020 | −29.2% | −27.4% | −10.2% |
| 2021 | 86.3% | 132.1% | 49.5% |
| 2022 | 43.7% | 111.5% | 32.3% |
| 2023 | −34.0% | −39.6% | −25.6% |
| 2024 | −32.7% | −56.1% | −25.2% |
| 2025 | −32.6% | −51.7% | −22.9% |
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
- 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 May 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.