Broadcom (AVGO) Return on Capital Employed [ROCE] (2018 - 2026)
Broadcom's Return on Capital Employed [ROCE] was 26.30% in fiscal Q3 2026 (quarter ended Aug 2, 2026), up 11.07 percentage points from 15.23% a year earlier and up 5.26 percentage points from the prior quarter.
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Analysis
Broadcom (AVGO) Return on Capital Employed [ROCE] (2018 - 2026) Analysis & Trends
For FY2025 (ended Nov 2, 2025), Return on Capital Employed [ROCE] at Broadcom came in at 17.01%, up 3.88 percentage points from FY2024.
- Return on Capital Employed [ROCE] shows a five-year change of +10.86 percentage points (FY2020 to FY2025).
- In earlier fiscal years, Return on Capital Employed [ROCE] was 13.13% in FY2024 (-11.56 pp), 24.69% in FY2023 (+3.57 pp), 21.12% in FY2022 (+8.86 pp) and 12.26% in FY2021 (+6.12 pp).
- The fiscal Q3 2026 figure marks the highest quarterly Return on Capital Employed [ROCE] in data going back to fiscal Q3 2018.
- Compared with a year earlier, Return on Capital Employed [ROCE] has increased for six straight quarters, with an average year-over-year change of +3.37 percentage points over the last eight quarters.
- The best year-over-year quarter for Return on Capital Employed [ROCE] over five years was fiscal Q3 2026 (a gain of 11.07 percentage points); the worst was fiscal Q3 2024 (a drop of 16.23 percentage points).
- Per Business Quant data, AVGO's Return on Capital Employed [ROCE] in the three fiscal quarters before Q3 2026 was 21.04% (Q2 2026), 18.09% (Q1 2026) and 17.01% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Nvidia | 5,109.17 Bn | 4,883.33 Bn | 72.14 Bn | 80.04% |
| 2 | Taiwan Semiconductor Manufacturing | 2,161.49 Bn | 1,786.35 Bn | 27.22 Bn | 8.44% |
| 3 | Broadcom | 1,533.75 Bn | 1,459.79 Bn | 20.46 Bn | 26.30% |
| 4 | Micron Technology | 989.15 Bn | 894.78 Bn | 47.05 Bn | 72.24% |
| 5 | Advanced Micro Devices | 840.45 Bn | 797.19 Bn | 6.20 Bn | 9.27% |
| 6 | Asml Holding | 609.94 Bn | 565.63 Bn | 5.90 Bn | - |
| 7 | Intel | 442.11 Bn | 311.24 Bn | 6.51 Bn | -0.05% |
| 8 | Applied Materials | 298.82 Bn | 264.26 Bn | 4.59 Bn | 28.98% |
| 9 | Lam Research | 287.79 Bn | 263.84 Bn | 4.30 Bn | 54.76% |
| 10 | Texas Instruments | 259.32 Bn | 237.15 Bn | 3.35 Bn | 22.74% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 2, 2026 | 26.30% |
| May 3, 2026 | 21.04% |
| Feb 1, 2026 | 18.09% |
| Nov 2, 2025 | 17.01% |
| Aug 3, 2025 | 15.23% |
| May 4, 2025 | 14.20% |
| Feb 2, 2025 | 12.20% |
| Nov 3, 2024 | 8.97% |
| Aug 4, 2024 | 8.58% |
| May 5, 2024 | 8.41% |
| Feb 4, 2024 | 13.51% |
| Oct 29, 2023 | 25.00% |
| Jul 30, 2023 | 24.82% |
| Apr 30, 2023 | 24.43% |
| Jan 29, 2023 | 23.19% |
| Oct 30, 2022 | 21.81% |
| Jul 31, 2022 | 19.78% |
| May 1, 2022 | 17.10% |
| Jan 30, 2022 | 14.37% |
| Oct 31, 2021 | 12.27% |
API Access
Broadcom 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=AVGO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "ticker": "AVGO", "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=AVGO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();