MRLN (Merlin) ROCE %: -434.90% (As of Mar. 2026)


MRLN Merlin Inc MRLN
6 GF Score
Price $5.62
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What is Merlin ROCE %?

Merlin MRLN -6.33% 6 ROCE % is -434.90% as of Mar. 2026. GuruFocus rates MRLN with a GF Score™ of 6/100.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Merlin's annualized ROCE % for the quarter that ended in Mar. 2026 was -434.90%.

Merlin  (NAS:MRLN) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Merlin ROCE % Related Terms

Merlin ROCE % Historical Data

* Premium members only.

The historical data trend for Merlin's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Merlin ROCE % Chart

Merlin Annual Data
Trend Dec23 Dec24
ROCE %
-61.50 -126.99

Merlin Quarterly Data
Dec23 Dec24 Mar25 Sep25 Mar26
ROCE % 0.00 -114.85 -177.85 0.00 -434.90
MRLN
6GF Score
Merlin Inc MRLN
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Merlin ROCE % Calculation

Merlin's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2024 )  (A: Dec. 2023 )(A: Dec. 2024 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2024 )  (A: Dec. 2023 )(A: Dec. 2024 )
=-52.482/( ( (62.415 - 4.768) + (49.194 - 24.188) )/ 2 )
=-52.482/( (57.647+25.006)/ 2 )
=-52.482/41.3265
=-126.99 %

Merlin's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Sep. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Sep. 2025 )(Q: Mar. 2026 )
=-361.448/( ( (87.813 - 52.053) + (145.376 - 14.913) )/ 2 )
=-361.448/( ( 35.76 + 130.463 )/ 2 )
=-361.448/83.1115
=-434.90 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of -434.90% mean?
Merlin (MRLN) has a ROCE % of -434.90% as of Mar. 2026.
Is Merlin's ROCE % too high?
Merlin's current ROCE % is -434.90%. Overall, Merlin has a GF Score™ of 6/100, reflecting its overall financial health beyond just this single metric.
How does Merlin's ROCE % compare to EH and SWBI?
Merlin's ROCE % of -434.90% can be compared against companies in the Aerospace & Defense industry. The industry median ROCE % is 6.29. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for an Aerospace & Defense company?
The median ROCE % among Aerospace & Defense companies is 6.29, based on 350 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Aerospace & Defense industry, the median ROCE % is 6.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Merlin's current ROCE % is -434.90%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Merlin stock overvalued right now?
Merlin (MRLN) has a current ROCE % of -434.90%. The current ROCE % is -434.90%. Merlin's overall GF Score™ is 6/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Merlin (MRLN), the current ROCE % is -434.90% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Merlin Business Description

Address 129 South Street, Boston, MA, USA, 02111
Merlin Inc is focused on developing autonomous flight software for legacy and next-generation airborne systems. Its aircraft-agnostic, AI-based software supports takeoff-to-landing autonomous operations for military and civil aviation programs. The company aims to build an AI-based operating software platform intended to support autonomous flight operations across a range of aircraft types.
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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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