Applied Materials (AMAT) Return on Invested Capital [ROIC] (2009 - 2026)
Applied Materials' Return on Invested Capital [ROIC] came in at 25.26% for fiscal Q3 2026 (quarter ended Jul 26, 2026), down 0.71 percentage points from 25.97% a year earlier but up 2.06 percentage points from the prior quarter.
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Analysis
Applied Materials (AMAT) Return on Invested Capital [ROIC] (2009 - 2026) Analysis & Trends
For FY2025 (ended Oct 26, 2025), Applied Materials' Return on Invested Capital [ROIC] was 23.96%, down 5.41 percentage points from FY2024.
- Return on Invested Capital [ROIC] has declined in each of the last three fiscal years, with a five-year change of -1.19 percentage points (FY2020 to FY2025).
- Going back by fiscal year, Return on Invested Capital [ROIC] was 29.37% in FY2024 (-5.02 pp), 34.38% in FY2023 (-3.45 pp), 37.83% in FY2022 (+2.31 pp) and 35.53% in FY2021 (+10.38 pp).
- The five-year range for quarterly Return on Invested Capital [ROIC] is 23.20% (fiscal Q2 2026) to 39.92% (fiscal Q2 2022).
- Year-over-year, Return on Invested Capital [ROIC] has declined for 15 consecutive quarters, with an average year-over-year change of -2.91 percentage points over the last eight quarters.
- The fastest year-over-year change in Return on Invested Capital [ROIC] over five years came in fiscal Q1 2022 (a gain of 13.51 percentage points), and the weakest in fiscal Q3 2023 (a drop of 6.66 percentage points).
- Business Quant data shows AMAT's Return on Invested Capital [ROIC] at 23.20% (Q2 2026), 23.79% (Q1 2026) and 23.73% (Q4 2025) in the three fiscal quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Nvidia | 5,638.19 Bn | 5,412.36 Bn | 72.14 Bn | 71.14% |
| 2 | Taiwan Semiconductor Manufacturing | 2,452.80 Bn | 2,078.51 Bn | 27.22 Bn | 33.02% |
| 3 | Broadcom | 1,695.44 Bn | 1,621.48 Bn | 20.46 Bn | 25.97% |
| 4 | Micron Technology | 1,213.55 Bn | 1,152.31 Bn | 35.06 Bn | 53.54% |
| 5 | Advanced Micro Devices | 1,034.54 Bn | 991.29 Bn | 6.20 Bn | 8.03% |
| 6 | Asml Holding | 719.69 Bn | 675.53 Bn | 5.90 Bn | - |
| 7 | Intel | 601.78 Bn | 486.52 Bn | 6.51 Bn | -0.05% |
| 8 | Lam Research | 434.81 Bn | 411.60 Bn | 3.48 Bn | 47.24% |
| 9 | Applied Materials | 428.57 Bn | 394.02 Bn | 4.59 Bn | 25.26% |
| 10 | Arm Holdings | 326.25 Bn | 311.96 Bn | 1.25 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 26, 2026 | 25.26% |
| Apr 26, 2026 | 23.20% |
| Jan 25, 2026 | 23.79% |
| Oct 26, 2025 | 23.73% |
| Jul 27, 2025 | 25.97% |
| Apr 27, 2025 | 27.09% |
| Jan 26, 2025 | 25.64% |
| Oct 27, 2024 | 27.51% |
| Jul 28, 2024 | 28.19% |
| Apr 28, 2024 | 28.90% |
| Jan 28, 2024 | 30.27% |
| Oct 29, 2023 | 31.88% |
| Jul 30, 2023 | 32.57% |
| Apr 30, 2023 | 34.50% |
| Jan 29, 2023 | 35.80% |
| Oct 30, 2022 | 38.02% |
| Jul 31, 2022 | 39.22% |
| May 1, 2022 | 39.92% |
| Jan 30, 2022 | 38.01% |
| Oct 31, 2021 | 34.03% |
API Access
Applied Materials 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=AMAT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "AMAT", "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=AMAT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();