Broadcom (AVGO) Return on Invested Capital [ROIC] (2020 - 2026)
Broadcom (AVGO) recorded Return on Invested Capital [ROIC] of 25.97% in fiscal Q3 2026 (quarter ended Aug 2, 2026), up 10.18 percentage points from 15.80% a year earlier and up 4.87 percentage points from the prior quarter.
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Analysis
Broadcom (AVGO) Return on Invested Capital [ROIC] (2020 - 2026) Analysis & Trends
For FY2025 (ended Nov 2, 2025), Broadcom reported Return on Invested Capital [ROIC] of 18.09%, up 9.66 percentage points from FY2024.
- Annual Return on Invested Capital [ROIC] has a five-year change of +11.55 percentage points (FY2020 to FY2025).
- Across earlier fiscal years, Return on Invested Capital [ROIC] came in at 8.44% in FY2024 (-15.66 pp), 24.10% in FY2023 (+3.38 pp), 20.72% in FY2022 (+7.64 pp) and 13.09% in FY2021 (+6.54 pp).
- The fiscal Q3 2026 figure is the highest quarterly Return on Invested Capital [ROIC] in data going back to fiscal Q3 2018.
- On a year-over-year basis, Return on Invested Capital [ROIC] has increased for six consecutive quarters, with an average year-over-year change of +4.17 percentage points over the last eight quarters.
- Peak year-over-year performance for Return on Invested Capital [ROIC] in the last five years was a gain of 11.77 percentage points in fiscal Q4 2025, against a drop of 19.46 percentage points in fiscal Q3 2024 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at 21.10% (Q2 2026), 18.66% (Q1 2026) and 17.95% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | SK hynix | 24,980.27 Bn | 24,964.04 Bn | 43.99 Bn | - |
| 2 | Taiwan Semiconductor Manufacturing | 10,337.48 Bn | 9,919.73 Bn | 31.04 Bn | 34.41% |
| 3 | Nvidia | 3,939.34 Bn | 3,713.50 Bn | 72.14 Bn | 71.14% |
| 4 | Broadcom | 1,653.85 Bn | 1,579.89 Bn | 20.46 Bn | 25.97% |
| 5 | Micron Technology | 880.27 Bn | 785.91 Bn | 47.05 Bn | 67.70% |
| 6 | Advanced Micro Devices | 875.86 Bn | 824.07 Bn | 7.21 Bn | 10.50% |
| 7 | Asml Holding | 576.26 Bn | 531.95 Bn | 5.90 Bn | - |
| 8 | Intel | 316.79 Bn | 179.50 Bn | 7.10 Bn | 1.05% |
| 9 | Applied Materials | 294.03 Bn | 294.03 Bn | 5.25 Bn | - |
| 10 | Lam Research | 282.21 Bn | 258.26 Bn | 4.30 Bn | 49.61% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 2, 2026 | 25.97% |
| May 3, 2026 | 21.10% |
| Feb 1, 2026 | 18.66% |
| Nov 2, 2025 | 17.95% |
| Aug 3, 2025 | 15.80% |
| May 4, 2025 | 11.59% |
| Feb 2, 2025 | 9.60% |
| Nov 3, 2024 | 6.18% |
| Aug 4, 2024 | 5.07% |
| May 5, 2024 | 8.51% |
| Feb 4, 2024 | 12.46% |
| Oct 29, 2023 | 24.26% |
| Jul 30, 2023 | 24.53% |
| Apr 30, 2023 | 24.10% |
| Jan 29, 2023 | 22.97% |
| Oct 30, 2022 | 21.45% |
| Jul 31, 2022 | 19.57% |
| May 1, 2022 | 17.37% |
| Jan 30, 2022 | 14.94% |
| Oct 31, 2021 | 13.10% |
API Access
Broadcom 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=AVGO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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-invested-capital-%5Broic%5D&ticker=AVGO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();