Innodata (INOD) Return on Capital Employed [ROCE] (2009 - 2026)
Innodata (INOD) recorded Return on Capital Employed [ROCE] of 56.62% in Q2 2026, up 14.12 percentage points from 42.50% a year earlier and up 16.11 percentage points from the prior quarter.
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Analysis
Innodata (INOD) Return on Capital Employed [ROCE] (2009 - 2026) Analysis & Trends
For FY2025, Innodata reported Return on Capital Employed [ROCE] of 44.06%, down 7.79 percentage points from FY2024.
- Annual Return on Capital Employed [ROCE] has a five-year change of +150.31 percentage points (FY2020 to FY2025).
- Across earlier years, Return on Capital Employed [ROCE] came in at 51.85% in FY2024 (+50.82 pp), 1.03% in FY2023 (+190.03 pp), -189.00% in FY2022 (-67.05 pp) and -121.95% in FY2021 (-15.70 pp).
- The Q2 2026 figure is the highest quarterly Return on Capital Employed [ROCE] in data going back to Q3 2011.
- On a year-over-year basis, Return on Capital Employed [ROCE] rose in seven of the last eight quarters, with an average year-over-year change of +85.83 percentage points.
- Peak year-over-year performance for Return on Capital Employed [ROCE] in the last five years was a gain of 197.85 percentage points in Q4 2024, against a drop of 117.52 percentage points in Q3 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 40.51% (Q1 2026), 36.18% (Q4 2025) and 40.91% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 51.06 Bn | 16.35 Bn | 1.60 Bn | - |
| 2 | Cognizant Technology Solutions | 29.12 Bn | 23.09 Bn | 1.91 Bn | 19.74% |
| 3 | Cdw | 21.17 Bn | 18.07 Bn | 1.39 Bn | 18.27% |
| 4 | Td Synnex | 18.55 Bn | 12.71 Bn | 1.43 Bn | 16.31% |
| 5 | Cgi | 18.36 Bn | 16.16 Bn | - | 9.82% |
| 6 | Arrow Electronics | 9.82 Bn | 8.84 Bn | 1.16 Bn | 20.82% |
| 7 | EPAM Systems | 8.35 Bn | 4.26 Bn | 445.94 Mn | 15.70% |
| 8 | Avnet | 7.00 Bn | 6.12 Bn | 1.07 Bn | 14.15% |
| 9 | ExlService Holdings | 6.69 Bn | 5.49 Bn | 241.14 Mn | 23.59% |
| 10 | Innodata | 1.21 Bn | 591.95 Mn | 35.54 Mn | 22.65% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 22.65% |
| Jun 30, 2026 | 56.62% |
| Mar 31, 2026 | 40.51% |
| Dec 31, 2025 | 36.18% |
| Sep 30, 2025 | 40.91% |
| Jun 30, 2025 | 42.50% |
| Mar 31, 2025 | 39.00% |
| Dec 31, 2024 | 39.70% |
| Sep 30, 2024 | 31.70% |
| Jun 30, 2024 | 11.26% |
| Mar 31, 2024 | 9.28% |
| Dec 31, 2023 | 0.40% |
| Sep 30, 2023 | -11.24% |
| Jun 30, 2023 | -25.21% |
| Mar 31, 2023 | -36.34% |
| Dec 31, 2022 | -38.67% |
| Sep 30, 2022 | -34.97% |
| Jun 30, 2022 | -21.98% |
| Mar 31, 2022 | -40.14% |
| Dec 31, 2021 | -31.69% |
API Access
Innodata 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=INOD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "ticker": "INOD", "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=INOD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();