Appian (APPN) Return on Invested Capital [ROIC] (2017 - 2026)
Appian (APPN) reported Return on Invested Capital [ROIC] of 6.54% for Q2 2026, up 13.37 percentage points from -6.83% a year earlier and up 6.17 percentage points from the prior quarter.
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Analysis
Appian (APPN) Return on Invested Capital [ROIC] (2017 - 2026) Analysis & Trends
For FY2025, Appian posted Return on Invested Capital [ROIC] of 0.06%, up 25.59 percentage points from FY2024.
- Return on Invested Capital [ROIC] has increased for three consecutive years, with a three-year change of +58.32 percentage points (FY2022 to FY2025).
- By year, Return on Invested Capital [ROIC] came in at -25.53% in FY2024 (+15.78 pp), -41.31% in FY2023 (+16.96 pp) and -58.27% in FY2022.
- The Q2 2026 figure ranks as the highest quarterly Return on Invested Capital [ROIC] in data going back to Q4 2017.
- Year over year, Return on Invested Capital [ROIC] has now increased in each of the last ten quarters, with an average year-over-year change of +21.74 percentage points over the last eight quarters.
- Across the past five years, year-over-year gain in Return on Invested Capital [ROIC] ran from 6.47 percentage points in Q3 2024 to 43.47 percentage points in Q3 2025.
- Per Business Quant data, the three quarters before Q2 2026 came in at 0.37% (Q1 2026), 0.06% (Q4 2025) and 3.25% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Palantir Technologies | 453.55 Bn | 422.61 Bn | 1.64 Bn | - |
| 2 | Oracle | 430.98 Bn | 303.54 Bn | - | 10.99% |
| 3 | Sap Se | 256.23 Bn | 177.31 Bn | 8.40 Bn | 32.24% |
| 4 | Salesforce | 193.08 Bn | 148.96 Bn | 8.70 Bn | 9.01% |
| 5 | ServiceNow | 138.94 Bn | 117.40 Bn | 2.82 Bn | - |
| 6 | Automatic Data Processing | 102.51 Bn | 84.63 Bn | 2.51 Bn | -46.53% |
| 7 | Intuit | 75.44 Bn | 54.79 Bn | 3.44 Bn | 16.71% |
| 8 | Relx | 60.79 Bn | 57.76 Bn | - | - |
| 9 | Strategy | 56.32 Bn | 49.31 Bn | 81.55 Mn | -73.94% |
| 10 | Appian | 2.63 Bn | 1.88 Bn | 144.74 Mn | 6.54% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 6.54% |
| Mar 31, 2026 | 0.37% |
| Dec 31, 2025 | 0.06% |
| Sep 30, 2025 | 3.25% |
| Jun 30, 2025 | -6.83% |
| Mar 31, 2025 | -19.42% |
| Dec 31, 2024 | -28.92% |
| Sep 30, 2024 | -40.22% |
| Jun 30, 2024 | -40.01% |
| Mar 31, 2024 | -36.58% |
| Dec 31, 2023 | -40.40% |
| Sep 30, 2023 | -46.69% |
| Jun 30, 2023 | -50.23% |
| Mar 31, 2023 | -53.08% |
| Dec 31, 2017 | -66.67% |
API Access
Appian 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=APPN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "APPN", "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=APPN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();