Apple (AAPL) Return on Capital Employed [ROCE] (2009 - 2026)
Apple (AAPL) posted Return on Capital Employed [ROCE] of 67.97% for fiscal Q3 2026 (quarter ended Jun 27, 2026), down 0.48 percentage points from 68.45% a year earlier but up 6.70 percentage points from the prior quarter.
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Analysis
Apple (AAPL) Return on Capital Employed [ROCE] (2009 - 2026) Analysis & Trends
For FY2025 (ended Sep 27, 2025), Apple's Return on Capital Employed [ROCE] came in at 67.72%, up 0.16 percentage points from FY2024.
- Annual Return on Capital Employed [ROCE] shows a five-year change of +38.36 percentage points (FY2020 to FY2025).
- In prior fiscal years, Apple's Return on Capital Employed [ROCE] was 67.56% in FY2024 (+12.43 pp), 55.12% in FY2023 (-5.23 pp), 60.35% in FY2022 (+8.95 pp) and 51.40% in FY2021 (+22.04 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] increased in six of the last eight quarters, with an average year-over-year change of +5.86 percentage points.
- The strongest year-over-year quarter for Return on Capital Employed [ROCE] in the past five years was fiscal Q4 2021, with a gain of 19.89 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 61.26% (Q2 2026), 68.18% (Q1 2026) and 74.02% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 4,863.18 Bn | 4,610.67 Bn | 54.77 Bn | 67.97% |
| 2 | Cisco Systems | 445.19 Bn | 381.12 Bn | 11.06 Bn | 17.86% |
| 3 | Dell Technologies | 353.32 Bn | 309.07 Bn | 9.83 Bn | 38.06% |
| 4 | Arista Networks | 261.04 Bn | 214.50 Bn | 1.91 Bn | 28.65% |
| 5 | Sandisk | 248.81 Bn | 237.33 Bn | 7.58 Bn | 87.19% |
| 6 | Seagate Technology Holdings | 201.18 Bn | 196.18 Bn | 1.90 Bn | 64.93% |
| 7 | Western Digital | 159.43 Bn | 147.56 Bn | 2.03 Bn | 43.60% |
| 8 | Sony | 144.77 Bn | 95.16 Bn | 6.53 Bn | 14.81% |
| 9 | Lumentum Holdings | 96.72 Bn | 88.53 Bn | 477.30 Mn | 11.20% |
| 10 | Hewlett Packard Enterprise | 90.82 Bn | 68.69 Bn | 4.93 Bn | 5.09% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |
| Sep 25, 2021 | 50.69% |
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();