Asml Holding (ASML) Return on Capital Employed (2009 - 2025)
Asml Holding (ASML) posted quarterly Return on Capital Employed of 57.25% for Q4 2025, up 2134.0% on a YoY basis from 2.56% in Q4 2024, and up 59.63% on a QoQ basis from 35.87% in Q1 2025.
Asml Holding (ASML) Return on Capital Employed (2009 - 2025) Analysis & Trends
Asml Holding (ASML) has reported Return on Capital Employed for 17 consecutive years, with 57.25% the latest figure, recorded in Q4 2025.
- Return on Capital Employed for Q4 2025 came in at 57.25%, up 2134.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 57.25% (up 2134.0% YoY), and the FY2025 annual result was 44.64%, up 740.0% from the prior year.
- Return on Capital Employed rose to 57.25% in Q4 2025, from 35.87% in the prior quarter.
- Across five years, Return on Capital Employed topped out at 57.25% in Q4 2025 and bottomed at 25.46% in Q2 2021.
- Historically, Return on Capital Employed has averaged 37.68% across 5 years, with a median of 37.17% in 2022.
- The sharpest annual moves came in 2021 and 2024: Return on Capital Employed jumped 2265 bps in 2021, then slumped 1141 bps in 2024.
- Over 5 years, Return on Capital Employed stood at 40.99% in 2021, then dropped by 4 bps to 39.24% in 2022, then rose by 3 bps to 40.26% in 2023, then declined by 11 bps to 35.91% in 2024, then surged by 59 bps to 57.25% in 2025.
- According to Business Quant data, Return on Capital Employed over the past three periods registered 57.25%, 35.87%, and 35.91% for Q4 2025, Q1 2025, and Q4 2024 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Asml Holding | 636.08 Bn | 620.57 Bn | 5.90 Bn | 59.95% |
| 2 | Applied Materials | 406.04 Bn | 399.30 Bn | 3.95 Bn | 27.69% |
| 3 | Lam Research | 369.24 Bn | 364.49 Bn | 2.91 Bn | 46.86% |
| 4 | Kla | 240.65 Bn | 238.86 Bn | 2.09 Bn | 41.84% |
| 5 | Teradyne | 58.07 Bn | 57.82 Bn | 780.95 Mn | 30.40% |
| 6 | Qnity Electronics | 27.70 Bn | 26.85 Bn | 618.00 Mn | 9.95% |
| 7 | Entegris | 18.25 Bn | 17.80 Bn | 380.80 Mn | 6.05% |
| 8 | Onto Innovation | 12.83 Bn | 12.17 Bn | 146.39 Mn | 4.77% |
| 9 | Amkor Technology | 12.41 Bn | 9.90 Bn | 318.59 Mn | 9.35% |
| 10 | Formfactor | 8.32 Bn | 8.14 Bn | 86.79 Mn | 6.36% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 59.95% |
| Mar 30, 2025 | 36.09% |
| Dec 31, 2024 | 35.51% |
| Sep 29, 2024 | 32.05% |
| Jun 30, 2024 | 32.74% |
| Mar 31, 2024 | 33.87% |
| Dec 31, 2023 | 40.08% |
| Oct 1, 2023 | 41.17% |
| Jul 2, 2023 | 43.19% |
| Apr 2, 2023 | 42.98% |
| Dec 31, 2022 | 40.51% |
| Oct 2, 2022 | 39.02% |
| Jul 3, 2022 | 39.35% |
| Apr 3, 2022 | 36.67% |
| Dec 31, 2021 | 41.22% |
| Oct 3, 2021 | 33.69% |
| Jul 4, 2021 | 29.13% |
| Apr 4, 2021 | 24.99% |
| Dec 31, 2020 | 18.11% |
| Sep 27, 2020 | 10.78% |