Micron Technology (MU) Return on Capital Employed [ROCE] (2010 - 2026)
Micron Technology's Return on Capital Employed [ROCE] came in at 72.24% for fiscal Q4 2026 (quarter ended Sep 3, 2026), up 58.11 percentage points from 14.13% a year earlier and up 11.98 percentage points from the prior quarter.
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Analysis
Micron Technology (MU) Return on Capital Employed [ROCE] (2010 - 2026) Analysis & Trends
For FY2026 (ended Sep 3, 2026), Micron Technology's Return on Capital Employed [ROCE] was 88.81%, up 73.70 percentage points from FY2025.
- Return on Capital Employed [ROCE] has increased in each of the last three fiscal years, with a five-year change of +76.20 percentage points (FY2021 to FY2026).
- Going back by fiscal year, Return on Capital Employed [ROCE] was 15.11% in FY2025 (+12.85 pp), 2.26% in FY2024 (+11.76 pp), -9.50% in FY2023 (-27.13 pp) and 17.63% in FY2022 (+5.02 pp).
- The fiscal Q4 2026 figure represents the highest quarterly Return on Capital Employed [ROCE] in data going back to fiscal Q1 2011.
- Year-over-year, Return on Capital Employed [ROCE] has increased for ten consecutive quarters, with an average year-over-year change of +25.76 percentage points over the last eight quarters.
- The fastest year-over-year change in Return on Capital Employed [ROCE] over five years came in fiscal Q4 2026 (a gain of 58.11 percentage points), and the weakest in fiscal Q4 2023 (a drop of 26.20 percentage points).
- Business Quant data shows MU's Return on Capital Employed [ROCE] at 60.25% (Q3 2026), 35.36% (Q2 2026) and 18.99% (Q1 2026) in the three fiscal quarters before Q4 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Nvidia | 5,084.14 Bn | 4,858.30 Bn | 72.14 Bn | 80.04% |
| 2 | Taiwan Semiconductor Manufacturing | 2,168.94 Bn | 1,795.12 Bn | 27.22 Bn | 8.44% |
| 3 | Broadcom | 1,535.70 Bn | 1,461.75 Bn | 20.46 Bn | 26.30% |
| 4 | Micron Technology | 992.51 Bn | 898.15 Bn | 47.05 Bn | 72.24% |
| 5 | Advanced Micro Devices | 843.40 Bn | 800.15 Bn | 6.20 Bn | 9.27% |
| 6 | Asml Holding | 605.80 Bn | 561.49 Bn | 5.90 Bn | - |
| 7 | Intel | 438.54 Bn | 323.27 Bn | 6.51 Bn | -0.05% |
| 8 | Applied Materials | 299.38 Bn | 264.82 Bn | 4.59 Bn | 28.98% |
| 9 | Lam Research | 287.43 Bn | 263.48 Bn | 4.30 Bn | 54.76% |
| 10 | Texas Instruments | 260.14 Bn | 235.01 Bn | 3.89 Bn | 25.39% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 3, 2026 | 72.24% |
| May 28, 2026 | 60.25% |
| Feb 26, 2026 | 35.36% |
| Nov 27, 2025 | 18.99% |
| Aug 28, 2025 | 14.13% |
| May 29, 2025 | 11.65% |
| Feb 27, 2025 | 9.61% |
| Nov 28, 2024 | 7.50% |
| Aug 29, 2024 | 2.23% |
| May 30, 2024 | -2.86% |
| Feb 29, 2024 | -7.13% |
| Nov 30, 2023 | -11.48% |
| Aug 31, 2023 | -9.54% |
| Jun 1, 2023 | -4.51% |
| Mar 2, 2023 | 3.25% |
| Dec 1, 2022 | 11.33% |
| Sep 1, 2022 | 16.66% |
| Jun 2, 2022 | 19.37% |
| Mar 3, 2022 | 17.88% |
| Dec 2, 2021 | 15.03% |
API Access
Micron Technology 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=MU&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "ticker": "MU", "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=MU&period=max&api_key=YOUR_API_KEY");
const data = await res.json();