Nyxoah SA

NYXH

Healthcare Medical Devices

Nyxoah SA’s revenue for fiscal 2025 (year ended December 2025) was $11.3 million, up 131.7% from fiscal 2024.

Revenue
+386.8%
EPS
+72.5%
Free cash flow
−6.84%
Total debt
+173.3%

Quarter to September 2026, against a year earlier

0.90 0.00 0.00%
Market cap
$91.7M
P/E
n/m
Fwd P/E
n/m
Dividend yield
—
F-score
3/9
ROIC
−118.6%
Net debt / EBITDA
0.1×
Dividend safety
n/a

Nyxoah SA (NYXH) Return on invested capital

Alert me on Return on invested capital

Nyxoah SA's return on invested capital over the twelve months to 30 September 2026 was −118.6%, up 4.4 percentage points from fiscal 2025 (−123.0%). Over the past ten years it has ranged from −123.0% (fiscal 2025) to 0.00% (fiscal 2019) — the current reading is the lowest in ten years. That is below the Medical Devices industry median of −7.11% and below the Healthcare sector median of 0.00%.

Return on invested capital, annual

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Annual newest first

Period Return on invested capital Change (points)
FY2025 −123.0% (48.34)
FY2024 −74.7% (20.57)
FY2023 −54.1% 1.37
FY2022 −55.5% 12.31
FY2021 −67.8% (23.80)
FY2020 −44.0% (43.96)
FY2019 0.00% 0.00
FY2018 0.00% 0.00
FY2017 0.00% —

Against its own ten years

Low −123.0% High 0.00%
Ten-year median −54.1%
Current reading's percentile 11

Return on invested capital against peers

Company Return on invested capital
ZOMDF Zomedica Corp. compare −17.1%
MXCT MaxCyte, Inc. compare −42.4%
OM Outset Medical, Inc. compare −84.7%
CATX Perspective Therapeutics, Inc. compare −87.1%
NYXH Nyxoah SA −118.6%
SERA Sera Prognostics, Inc. compare −278.6%
HYPR Hyperfine, Inc. compare −309.8%
MBOT Microbot Medical Inc. compare −850.5%
LUCD Lucid Diagnostics Inc. compare −3,096.5%
Medical Devices industry median −7.11%
Healthcare sector median 0.00%
Market median 0.00%

What Return on invested capital is

Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.

TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)

The full definition of Return on invested capital →

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