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
DateValue
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%