Nvidia (NVDA) Return on Invested Capital [ROIC] (2016 - 2026)
Nvidia (NVDA) posted Return on Invested Capital [ROIC] of 71.14% for fiscal Q2 2027 (quarter ended Jul 26, 2026), down 11.05 percentage points from 82.19% a year earlier and down 2.81 percentage points from the prior quarter.
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Analysis
Nvidia (NVDA) Return on Invested Capital [ROIC] (2016 - 2026) Analysis & Trends
For FY2026 (ended Jan 25, 2026), Nvidia's Return on Invested Capital [ROIC] came in at 87.30%, down 13.28 percentage points from FY2025.
- Annual Return on Invested Capital [ROIC] shows a five-year change of +63.90 percentage points (FY2021 to FY2026).
- In prior fiscal years, Nvidia's Return on Invested Capital [ROIC] was 100.58% in FY2025 (+32.90 pp), 67.68% in FY2024 (+55.72 pp), 11.96% in FY2023 (-20.11 pp) and 32.08% in FY2022 (+8.67 pp).
- The fiscal Q2 2027 figure stands as the lowest quarterly Return on Invested Capital [ROIC] since fiscal Q4 2024.
- On a year-over-year basis, Return on Invested Capital [ROIC] has declined in each of the last five quarters, with an average year-over-year change of +4.57 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Return on Invested Capital [ROIC] in the past five years was fiscal Q1 2025, with a gain of 61.42 percentage points; the weakest was fiscal Q4 2023, with a drop of 14.32 percentage points.
- According to Business Quant data, Return on Invested Capital [ROIC] for the three prior fiscal quarters was 73.95% (Q1 2027), 75.50% (Q4 2026) and 79.62% (Q3 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Nvidia | 5,638.19 Bn | 5,412.36 Bn | 72.14 Bn | 71.14% |
| 2 | Taiwan Semiconductor Manufacturing | 2,452.80 Bn | 2,078.51 Bn | 27.22 Bn | 33.02% |
| 3 | Broadcom | 1,695.44 Bn | 1,621.48 Bn | 20.46 Bn | 25.97% |
| 4 | Micron Technology | 1,213.55 Bn | 1,152.31 Bn | 35.06 Bn | 53.54% |
| 5 | Advanced Micro Devices | 1,034.54 Bn | 991.29 Bn | 6.20 Bn | 8.03% |
| 6 | Asml Holding | 719.69 Bn | 675.53 Bn | 5.90 Bn | - |
| 7 | Intel | 601.78 Bn | 486.52 Bn | 6.51 Bn | -0.05% |
| 8 | Lam Research | 434.81 Bn | 411.60 Bn | 3.48 Bn | 47.24% |
| 9 | Applied Materials | 428.57 Bn | 394.02 Bn | 4.59 Bn | 25.26% |
| 10 | Arm Holdings | 326.25 Bn | 311.96 Bn | 1.25 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 26, 2026 | 71.14% |
| Apr 26, 2026 | 73.95% |
| Jan 25, 2026 | 75.50% |
| Oct 26, 2025 | 79.62% |
| Jul 27, 2025 | 82.19% |
| Apr 27, 2025 | 82.88% |
| Jan 26, 2025 | 87.14% |
| Oct 27, 2024 | 87.17% |
| Jul 28, 2024 | 82.33% |
| Apr 28, 2024 | 74.55% |
| Jan 28, 2024 | 60.62% |
| Oct 29, 2023 | 46.20% |
| Jul 30, 2023 | 27.66% |
| Apr 30, 2023 | 13.12% |
| Jan 29, 2023 | 12.93% |
| Oct 30, 2022 | 17.70% |
| Jul 31, 2022 | 22.10% |
| May 1, 2022 | 25.94% |
| Jan 30, 2022 | 27.25% |
| Oct 31, 2021 | 24.29% |
API Access
Nvidia 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=NVDA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "NVDA", "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=NVDA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();