Apple (AAPL) Return on Capital Employed [ROCE] (2009 - 2026)
Apple (AAPL) posted Return on Capital Employed [ROCE] of 70.57% for fiscal Q4 2026 (quarter ended Sep 26, 2026), down 3.46 percentage points from 74.02% a year earlier but up 2.60 percentage points from the prior quarter.
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Analysis
Apple (AAPL) Return on Capital Employed [ROCE] (2009 - 2026) Analysis & Trends
For FY2026 (ended Sep 26, 2026), Apple's Return on Capital Employed [ROCE] came in at 74.57%, up 6.85 percentage points from FY2025.
- Annual Return on Capital Employed [ROCE] has increased for three consecutive fiscal years, with a five-year change of +23.17 percentage points (FY2021 to FY2026).
- In prior fiscal years, Apple's Return on Capital Employed [ROCE] was 67.72% in FY2025 (+0.16 pp), 67.56% in FY2024 (+12.43 pp), 55.12% in FY2023 (-5.23 pp) and 60.35% in FY2022 (+8.95 pp).
- Quarterly Return on Capital Employed [ROCE] has run from a low of 50.07% in fiscal Q2 2022 to a high of 74.02% in fiscal Q4 2025 over five years.
- On a year-over-year basis, Return on Capital Employed [ROCE] has declined in each of the last three quarters, with an average year-over-year change of +3.67 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Return on Capital Employed [ROCE] in the past five years was fiscal Q1 2022, with a gain of 17.53 percentage points; the weakest was fiscal Q4 2023, with a drop of 5.10 percentage points.
- According to Business Quant data, Return on Capital Employed [ROCE] for the three prior fiscal quarters was 67.97% (Q3 2026), 61.26% (Q2 2026) and 68.18% (Q1 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 5,020.54 Bn | 4,766.00 Bn | 54.82 Bn | 70.57% |
| 2 | Cisco Systems | 371.11 Bn | 307.04 Bn | 11.06 Bn | 17.86% |
| 3 | Arista Networks | 215.34 Bn | 164.54 Bn | 2.33 Bn | 29.33% |
| 4 | Dell Technologies | 212.13 Bn | 167.88 Bn | 9.83 Bn | 38.06% |
| 5 | Sony | 161.14 Bn | 95.68 Bn | 7.96 Bn | 16.11% |
| 6 | Sandisk | 122.92 Bn | 107.75 Bn | 9.38 Bn | 115.35% |
| 7 | Seagate Technology Holdings | 105.29 Bn | 100.14 Bn | 2.43 Bn | 76.09% |
| 8 | Western Digital | 96.46 Bn | 86.29 Bn | 2.53 Bn | 57.31% |
| 9 | Hewlett Packard Enterprise | 59.75 Bn | 37.63 Bn | 4.93 Bn | 5.09% |
| 10 | Garmin | 55.13 Bn | 44.69 Bn | 1.26 Bn | 23.72% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 26, 2026 | 70.57% |
| Jun 27, 2026 | 67.97% |
| Mar 28, 2026 | 61.26% |
| Dec 27, 2025 | 68.18% |
| Sep 27, 2025 | 74.02% |
| Jun 28, 2025 | 68.45% |
| Mar 29, 2025 | 65.96% |
| Dec 28, 2024 | 59.80% |
| Sep 28, 2024 | 71.68% |
| Jun 29, 2024 | 59.44% |
| Mar 30, 2024 | 53.35% |
| Dec 30, 2023 | 54.16% |
| Sep 30, 2023 | 57.58% |
| Jul 1, 2023 | 53.79% |
| Apr 1, 2023 | 51.19% |
| Dec 31, 2022 | 53.64% |
| Sep 24, 2022 | 62.68% |
| Jun 25, 2022 | 55.39% |
| Mar 26, 2022 | 50.07% |
| Dec 25, 2021 | 53.50% |
API Access
Apple Return on Capital Employed [ROCE] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=AAPL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "ticker": "AAPL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=AAPL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();