Ashland (ASH) Return on Invested Capital [ROIC] (2016 - 2026)
Ashland (ASH) posted Return on Invested Capital [ROIC] of 2.52% for fiscal Q3 2026 (quarter ended Jun 30, 2026), up 24.49 percentage points from -21.97% a year earlier and up 21.39 percentage points from the prior quarter.
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Analysis
Ashland (ASH) Return on Invested Capital [ROIC] (2016 - 2026) Analysis & Trends
For FY2025 (ended Sep 30, 2025), Ashland's Return on Invested Capital [ROIC] came in at -20.65%, down 20.65 percentage points from FY2024.
- Annual Return on Invested Capital [ROIC] has declined for three consecutive fiscal years, with a five-year change of -11.90 percentage points (FY2020 to FY2025).
- In prior fiscal years, Ashland's Return on Invested Capital [ROIC] was 0.00% in FY2024 (-3.86 pp), 3.86% in FY2023 (-2.49 pp), 6.35% in FY2022 (+2.36 pp) and 4.00% in FY2021 (+12.75 pp).
- The fiscal Q3 2026 figure stands as the highest quarterly Return on Invested Capital [ROIC] since fiscal Q1 2024.
- On a year-over-year basis, Return on Invested Capital [ROIC] increased in 1 of the last eight quarters, with an average year-over-year change of -8.27 percentage points.
- The strongest year-over-year quarter for Return on Invested Capital [ROIC] in the past five years was fiscal Q3 2026, with a gain of 24.49 percentage points; the weakest was fiscal Q4 2025, with a drop of 23.63 percentage points.
- According to Business Quant data, Return on Invested Capital [ROIC] for the three prior fiscal quarters was -18.88% (Q2 2026), -18.37% (Q1 2026) and -23.63% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Linde | 221.03 Bn | 204.14 Bn | 4.43 Bn | 10.79% |
| 2 | Corning | 141.47 Bn | 134.60 Bn | 1.63 Bn | 10.44% |
| 3 | Sherwin Williams | 77.59 Bn | 76.63 Bn | 3.34 Bn | 19.18% |
| 4 | Air Products & Chemicals | 61.84 Bn | 59.74 Bn | 1.04 Bn | 0.00% |
| 5 | LyondellBasell Industries | 37.84 Bn | 27.46 Bn | 2.04 Bn | 4.14% |
| 6 | Nutrien | 33.77 Bn | 30.64 Bn | 3.25 Bn | 11.88% |
| 7 | Qnity Electronics | 27.51 Bn | 24.93 Bn | 666.00 Mn | 8.31% |
| 8 | Ati | 26.21 Bn | 24.36 Bn | 309.80 Mn | 14.85% |
| 9 | Ppg Industries | 23.37 Bn | 16.17 Bn | 1.81 Bn | 11.51% |
| 10 | Ashland | 3.18 Bn | 1.88 Bn | 170.00 Mn | 2.52% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.52% |
| Mar 31, 2026 | -18.88% |
| Dec 31, 2025 | -18.37% |
| Sep 30, 2025 | -23.63% |
| Jun 30, 2025 | -21.97% |
| Mar 31, 2025 | -1.61% |
| Dec 31, 2024 | 0.00% |
| Sep 30, 2024 | 0.00% |
| Jun 30, 2024 | 0.00% |
| Mar 31, 2024 | 1.24% |
| Dec 31, 2023 | 2.65% |
| Sep 30, 2023 | 3.86% |
| Jun 30, 2023 | 5.26% |
| Mar 31, 2023 | 6.53% |
| Dec 31, 2022 | 6.24% |
| Sep 30, 2022 | 6.43% |
| Jun 30, 2022 | 6.28% |
| Mar 31, 2022 | 5.67% |
| Dec 31, 2021 | 4.57% |
| Sep 30, 2021 | 3.98% |
API Access
Ashland 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=ASH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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-invested-capital-%5Broic%5D&ticker=ASH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();