Fastly (FSLY) Return on Invested Capital [ROIC] (2019 - 2026)
Fastly (FSLY) reported Return on Invested Capital [ROIC] of -6.10% for Q2 2026, up 5.56 percentage points from -11.65% a year earlier and up 1.81 percentage points from the prior quarter.
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Analysis
Fastly (FSLY) Return on Invested Capital [ROIC] (2019 - 2026) Analysis & Trends
For FY2025, Fastly posted Return on Invested Capital [ROIC] of -9.17%, up 3.62 percentage points from FY2024.
- Return on Invested Capital [ROIC] has increased for four consecutive years, with a five-year change of +5.07 percentage points (FY2020 to FY2025).
- By year, Return on Invested Capital [ROIC] came in at -12.79% in FY2024 (+0.47 pp), -13.26% in FY2023 (+0.40 pp), -13.65% in FY2022 (+0.91 pp) and -14.56% in FY2021 (-0.31 pp).
- The Q2 2026 figure ranks as the highest quarterly Return on Invested Capital [ROIC] in data going back to Q3 2019.
- Year over year, Return on Invested Capital [ROIC] has now increased in each of the last eight quarters, with an average year-over-year change of +2.96 percentage points over the last eight quarters.
- The high point for year-over-year Return on Invested Capital [ROIC] in five years was Q2 2026 (a gain of 5.56 percentage points); the low point was Q2 2022 (a drop of 4.55 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at -7.91% (Q1 2026), -9.27% (Q4 2025) and -10.82% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,964.86 Bn | 3,888.01 Bn | 60.48 Bn | 26.70% |
| 2 | International Business Machines | 222.38 Bn | 173.19 Bn | 9.91 Bn | 11.34% |
| 3 | Cloudflare | 105.62 Bn | 89.15 Bn | 499.52 Mn | -12.36% |
| 4 | Equinix | 96.25 Bn | 84.81 Bn | 1.40 Bn | 5.64% |
| 5 | Nebius | 41.41 Bn | 14.84 Bn | 448.70 Mn | -3.32% |
| 6 | CoreWeave | 33.73 Bn | 20.82 Bn | 1.70 Bn | -1.20% |
| 7 | Verisign | 27.82 Bn | 25.04 Bn | 384.60 Mn | - |
| 8 | Nutanix | 18.15 Bn | 9.84 Bn | 651.35 Mn | - |
| 9 | GoDaddy | 13.94 Bn | 9.52 Bn | 828.20 Mn | 25.51% |
| 10 | Fastly | 3.64 Bn | 2.27 Bn | 115.95 Mn | -6.10% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -6.10% |
| Mar 31, 2026 | -7.91% |
| Dec 31, 2025 | -9.27% |
| Sep 30, 2025 | -10.82% |
| Jun 30, 2025 | -11.65% |
| Mar 31, 2025 | -12.31% |
| Dec 31, 2024 | -12.83% |
| Sep 30, 2024 | -13.35% |
| Jun 30, 2024 | -14.57% |
| Mar 31, 2024 | -14.82% |
| Dec 31, 2023 | -14.30% |
| Sep 30, 2023 | -14.06% |
| Jun 30, 2023 | -13.53% |
| Mar 31, 2023 | -13.87% |
| Dec 31, 2022 | -14.78% |
| Sep 30, 2022 | -15.11% |
| Jun 30, 2022 | -13.50% |
| Mar 31, 2022 | -12.03% |
| Dec 31, 2021 | -11.25% |
| Sep 30, 2021 | -10.61% |
API Access
Fastly 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=FSLY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "FSLY", "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=FSLY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();