Ashland (ASH) Return on Capital Employed [ROCE] (2016 - 2026)
Ashland's Return on Capital Employed [ROCE] came in at 3.33% for fiscal Q3 2026 (quarter ended Jun 30, 2026), up 21.19 percentage points from -17.86% a year earlier and up 18.25 percentage points from the prior quarter.
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Analysis
Ashland (ASH) Return on Capital Employed [ROCE] (2016 - 2026) Analysis & Trends
For FY2025 (ended Sep 30, 2025), Ashland's Return on Capital Employed [ROCE] was -16.47%, down 15.98 percentage points from FY2024.
- Return on Capital Employed [ROCE] has declined in each of the last three fiscal years, with a five-year change of -9.10 percentage points (FY2020 to FY2025).
- Going back by fiscal year, Return on Capital Employed [ROCE] was -0.49% in FY2024 (-3.55 pp), 3.06% in FY2023 (-2.62 pp), 5.68% in FY2022 (+2.38 pp) and 3.30% in FY2021 (+10.68 pp).
- The fiscal Q3 2026 figure represents the highest quarterly Return on Capital Employed [ROCE] since fiscal Q3 2023.
- Year-over-year, Return on Capital Employed [ROCE] increased in 1 of the last eight quarters, with an average year-over-year change of -6.18 percentage points.
- The fastest year-over-year change in Return on Capital Employed [ROCE] over five years came in fiscal Q3 2026 (a gain of 21.19 percentage points), and the weakest in fiscal Q4 2025 (a drop of 17.96 percentage points).
- Business Quant data shows ASH's Return on Capital Employed [ROCE] at -14.92% (Q2 2026), -14.34% (Q1 2026) and -18.48% (Q4 2025) in the three fiscal quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Linde | 216.41 Bn | 199.52 Bn | 4.43 Bn | 13.17% |
| 2 | Corning | 138.24 Bn | 131.38 Bn | 1.63 Bn | 9.96% |
| 3 | Sherwin Williams | 77.94 Bn | 76.98 Bn | 3.34 Bn | 23.44% |
| 4 | Air Products & Chemicals | 60.86 Bn | 58.76 Bn | 1.04 Bn | -1.63% |
| 5 | LyondellBasell Industries | 37.33 Bn | 26.95 Bn | 2.04 Bn | 3.55% |
| 6 | Nutrien | 33.61 Bn | 30.48 Bn | 3.25 Bn | 24.09% |
| 7 | Qnity Electronics | 26.88 Bn | 24.31 Bn | 666.00 Mn | 10.47% |
| 8 | Ati | 26.00 Bn | 24.15 Bn | 309.80 Mn | 17.58% |
| 9 | Ppg Industries | 23.27 Bn | 16.07 Bn | 1.81 Bn | 13.38% |
| 10 | Ashland | 3.14 Bn | 1.84 Bn | 170.00 Mn | 3.33% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.33% |
| Mar 31, 2026 | -14.92% |
| Dec 31, 2025 | -14.34% |
| Sep 30, 2025 | -18.48% |
| Jun 30, 2025 | -17.86% |
| Mar 31, 2025 | -3.31% |
| Dec 31, 2024 | -3.75% |
| Sep 30, 2024 | -0.52% |
| Jun 30, 2024 | -1.26% |
| Mar 31, 2024 | 1.01% |
| Dec 31, 2023 | 2.13% |
| Sep 30, 2023 | 3.11% |
| Jun 30, 2023 | 4.60% |
| Mar 31, 2023 | 5.41% |
| Dec 31, 2022 | 5.68% |
| Sep 30, 2022 | 5.78% |
| Jun 30, 2022 | 5.54% |
| Mar 31, 2022 | 4.58% |
| Dec 31, 2021 | 3.81% |
| Sep 30, 2021 | 3.32% |
API Access
Ashland 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=ASH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "ticker": "ASH", "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=ASH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();