AST SpaceMobile (ASTS) Return on Invested Capital [ROIC] (2022 - 2026)
AST SpaceMobile's Return on Invested Capital [ROIC] came in at -12.16% for Q2 2026, up 5.89 percentage points from -18.05% a year earlier but down 3.95 percentage points from the prior quarter.
AST SpaceMobile (ASTS) Return on Invested Capital [ROIC] (2022 - 2026) Analysis & Trends
For FY2025, AST SpaceMobile's Return on Invested Capital [ROIC] was -11.87%, up 32.24 percentage points from FY2024.
- Return on Invested Capital [ROIC] carries a three-year change of +30.38 percentage points (FY2022 to FY2025).
- Going back by year, Return on Invested Capital [ROIC] was -44.11% in FY2024 (+25.61 pp), -69.72% in FY2023 (-27.47 pp) and -42.25% in FY2022.
- The five-year range for quarterly Return on Invested Capital [ROIC] is -71.87% (Q4 2023) to -8.21% (Q1 2026).
- Year-over-year, Return on Invested Capital [ROIC] has increased for eight consecutive quarters, with an average year-over-year change of +26.92 percentage points over the last eight quarters.
- The fastest year-over-year change in Return on Invested Capital [ROIC] over five years came in Q2 2025 (a gain of 47.32 percentage points), and the weakest in Q4 2023 (a drop of 26.10 percentage points).
- Business Quant data shows ASTS's Return on Invested Capital [ROIC] at -8.21% (Q1 2026), -9.29% (Q4 2025) and -14.05% (Q3 2025) in the three quarters before Q2 2026.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Verizon Communications | 186.37 Bn | 149.50 Bn | 27.03 Bn | 7.99% |
| 2 | T-Mobile US | 172.07 Bn | 156.81 Bn | 14.76 Bn | 9.86% |
| 3 | At&T | 162.52 Bn | 94.48 Bn | 25.82 Bn | 8.46% |
| 4 | Grupo Televisa, S.A.B | 155.17 Bn | 146.91 Bn | 318.12 Mn | 2.87% |
| 5 | Comcast | 78.07 Bn | 42.13 Bn | - | 7.77% |
| 6 | Vodafone Group Public | 38.75 Bn | 8.15 Bn | - | - |
| 7 | Chunghwa Telecom | 36.94 Bn | 28.95 Bn | 728.80 Mn | 10.71% |
| 8 | EchoStar | 24.82 Bn | 15.91 Bn | 1.65 Bn | -35.40% |
| 9 | Telefonica Brasil | 20.19 Bn | 14.21 Bn | 1.42 Bn | - |
| 10 | AST SpaceMobile | 12.17 Bn | 3.31 Bn | 7.95 Mn | -12.16% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -12.16% |
| Mar 31, 2026 | -8.21% |
| Dec 31, 2025 | -9.29% |
| Sep 30, 2025 | -14.05% |
| Jun 30, 2025 | -18.05% |
| Mar 31, 2025 | -30.90% |
| Dec 31, 2024 | -38.52% |
| Sep 30, 2024 | -51.87% |
| Jun 30, 2024 | -65.38% |
| Mar 31, 2024 | -60.40% |
| Dec 31, 2023 | -71.87% |
| Sep 30, 2023 | -61.44% |
| Jun 30, 2023 | -58.09% |
| Mar 31, 2023 | -47.96% |
| Dec 31, 2022 | -45.77% |
| Mar 31, 2022 | -31.58% |
AST SpaceMobile 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=ASTS&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "ASTS", "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=ASTS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();