Apple (AAPL) Return on Invested Capital [ROIC] (2013 - 2026)
Apple (AAPL) posted Return on Invested Capital [ROIC] of 68.32% for fiscal Q4 2026 (quarter ended Sep 26, 2026), up 2.26 percentage points from 66.06% a year earlier and up 1.46 percentage points from the prior quarter.
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Analysis
Apple (AAPL) Return on Invested Capital [ROIC] (2013 - 2026) Analysis & Trends
For FY2026 (ended Sep 26, 2026), Apple's Return on Invested Capital [ROIC] came in at 71.97%, up 5.13 percentage points from FY2025.
- Annual Return on Invested Capital [ROIC] shows a five-year change of +20.30 percentage points (FY2021 to FY2026).
- In prior fiscal years, Apple's Return on Invested Capital [ROIC] was 66.84% in FY2025 (+11.30 pp), 55.54% in FY2024 (-1.14 pp), 56.68% in FY2023 (+0.85 pp) and 55.83% in FY2022 (+4.15 pp).
- The fiscal Q4 2026 figure stands as the highest quarterly Return on Invested Capital [ROIC] in data going back to fiscal Q4 2013.
- On a year-over-year basis, Return on Invested Capital [ROIC] has increased in each of the last eight quarters, with an average year-over-year change of +5.09 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Return on Invested Capital [ROIC] in the past five years was fiscal Q1 2022, with a gain of 16.92 percentage points; the weakest was fiscal Q4 2023, with a drop of 0.56 percentage points.
- According to Business Quant data, Return on Invested Capital [ROIC] for the three prior fiscal quarters was 66.86% (Q3 2026), 66.14% (Q2 2026) and 67.06% (Q1 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 5,020.54 Bn | 4,766.00 Bn | 54.82 Bn | 68.32% |
| 2 | Cisco Systems | 371.11 Bn | 307.04 Bn | 11.06 Bn | 15.92% |
| 3 | Arista Networks | 215.34 Bn | 164.54 Bn | 2.33 Bn | - |
| 4 | Dell Technologies | 212.13 Bn | 167.88 Bn | 9.83 Bn | 37.37% |
| 5 | Sony | 161.14 Bn | 95.68 Bn | 7.96 Bn | 12.98% |
| 6 | Sandisk | 122.92 Bn | 107.75 Bn | 9.38 Bn | - |
| 7 | Seagate Technology Holdings | 105.29 Bn | 100.14 Bn | 2.43 Bn | 82.33% |
| 8 | Western Digital | 96.46 Bn | 86.29 Bn | 2.53 Bn | 53.78% |
| 9 | Hewlett Packard Enterprise | 59.75 Bn | 37.63 Bn | 4.93 Bn | 5.57% |
| 10 | Garmin | 55.13 Bn | 44.69 Bn | 1.26 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 26, 2026 | 68.32% |
| Jun 27, 2026 | 66.86% |
| Mar 28, 2026 | 66.14% |
| Dec 27, 2025 | 67.06% |
| Sep 27, 2025 | 66.06% |
| Jun 28, 2025 | 60.03% |
| Mar 29, 2025 | 59.40% |
| Dec 28, 2024 | 58.75% |
| Sep 28, 2024 | 56.41% |
| Jun 29, 2024 | 58.66% |
| Mar 30, 2024 | 55.69% |
| Dec 30, 2023 | 56.90% |
| Sep 30, 2023 | 56.87% |
| Jul 1, 2023 | 55.94% |
| Apr 1, 2023 | 55.83% |
| Dec 31, 2022 | 56.46% |
| Sep 24, 2022 | 57.43% |
| Jun 25, 2022 | 54.86% |
| Mar 26, 2022 | 53.53% |
| Dec 25, 2021 | 52.59% |
API Access
Apple Return on Invested Capital [ROIC] 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-invested-capital-%5Broic%5D&ticker=AAPL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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-invested-capital-%5Broic%5D&ticker=AAPL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();