Nvidia (NVDA) Return on Capital Employed (2009 - 2026)
Nvidia (NVDA) reported Return on Capital Employed of 85.75% for Q2 2026, down 804.0% on a YoY basis from 12.18% in Q2 2025, and little changed quarter-over-quarter from 85.89% in Q1 2026.
Nvidia (NVDA) Return on Capital Employed (2009 - 2026) Analysis & Trends
Nvidia has reported Return on Capital Employed for 18 years, with the latest figure at 85.75% in Q2 2026.
- For the quarter ending Q2 2026, Return on Capital Employed fell 804.0% year-over-year to 85.75%; the trailing twelve-month figure through Apr 2026 stood at 85.75% (down 804.0% YoY), and the FY2026 full-year result was 102.64%, down 1271.0% from the prior year.
- Return on Capital Employed for Q2 2026 stood at 85.75%, roughly flat from 85.89% in the prior quarter.
- The five-year high for Return on Capital Employed was 94.98% in Q1 2025, with the low at 12.32% in Q1 2023.
- Historically, Return on Capital Employed has averaged 54.26% across 5 years, with a median of 54.6% in 2023.
- Annual changes were most pronounced in 2023 — Return on Capital Employed sank 1405 bps — and 2025, when it soared 5545 bps.
- Nvidia's Return on Capital Employed stood at 16.9% in 2022, then jumped by 185 bps to 48.22% in 2023, then soared by 61 bps to 77.63% in 2024, then grew by 14 bps to 88.19% in 2025, then fell by 3 bps to 85.75% in 2026.
- The last three Return on Capital Employed figures came in at 85.75% (Q2 2026), 85.89% (Q1 2026), and 88.19% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Nvidia | 5,119.49 Bn | 5,076.01 Bn | 61.16 Bn | 85.75% |
| 2 | Broadcom | 1,946.04 Bn | 1,926.41 Bn | 15.42 Bn | 21.04% |
| 3 | Micron Technology | 1,288.71 Bn | 1,274.12 Bn | 17.76 Bn | 35.36% |
| 4 | Taiwan Semiconductor Manufacturing | 1,080.21 Bn | 983.26 Bn | 23.77 Bn | 7.70% |
| 5 | Advanced Micro Devices | 879.94 Bn | 867.59 Bn | 5.42 Bn | 6.44% |
| 6 | Intel | 681.83 Bn | 662.64 Bn | 5.35 Bn | -2.78% |
| 7 | Texas Instruments | 293.38 Bn | 288.27 Bn | 2.80 Bn | 20.73% |
| 8 | Marvell Technology | 274.06 Bn | 270.21 Bn | 1.26 Bn | 6.23% |
| 9 | Qualcomm | 241.64 Bn | 231.84 Bn | 4.16 Bn | 25.06% |
| 10 | Analog Devices | 212.24 Bn | 208.80 Bn | 2.44 Bn | 9.51% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 26, 2026 | 85.75% |
| Jan 25, 2026 | 85.89% |
| Oct 26, 2025 | 88.19% |
| Jul 27, 2025 | 88.27% |
| Apr 27, 2025 | 93.79% |
| Jan 26, 2025 | 94.98% |
| Oct 27, 2024 | 77.63% |
| Jul 28, 2024 | 68.63% |
| Apr 28, 2024 | 60.99% |
| Jan 28, 2024 | 39.53% |
| Oct 29, 2023 | 48.22% |
| Jul 30, 2023 | 29.44% |
| Apr 30, 2023 | 12.64% |
| Jan 29, 2023 | 12.32% |
| Oct 30, 2022 | 16.90% |
| Jul 31, 2022 | 21.78% |
| May 1, 2022 | 25.43% |
| Jan 30, 2022 | 26.37% |
| Oct 31, 2021 | 23.81% |
| Aug 1, 2021 | 24.13% |