Bristol-Myers Squibb Company (BMY)

Return on total capital

Dec 31, 2025 Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021
Earnings before interest and tax (EBIT) US$ in thousands 10,685,000 -6,432,000 9,606,000 8,945,000 9,432,000
Long-term debt US$ in thousands — — — — —
Total stockholders’ equity US$ in thousands 18,473,000 16,335,000 29,430,000 31,061,000 35,946,000
Return on total capital 57.84% -39.38% 32.64% 28.80% 26.24%

December 31, 2025 calculation

Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $10,685,000K ÷ ($—K + $18,473,000K)
= 57.84%