Ryanair Holdings (RYAAY) Return on Capital Employed (2009 - 2026)
Ryanair Holdings (RYAAY) posted quarterly Return on Capital Employed of 18.34% for Q2 2026, down 802.0% year-on-year from 2.61% in Q2 2025, and down 27.99% on a QoQ basis from 25.47% in Q1 2026.
Ryanair Holdings (RYAAY) Return on Capital Employed (2009 - 2026) Analysis & Trends
Ryanair Holdings (RYAAY) has reported Return on Capital Employed for 18 consecutive years, with 18.34% the latest figure, recorded in Q2 2026.
- Quarterly Return on Capital Employed fell 802.0% year-over-year to 18.34% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 18.34% (down 802.0% YoY) and the FY2026 annual result came in at 23.61%, up 666.0% from the prior year.
- Return on Capital Employed eased to 18.34% in Q2 2026 per RYAAY's latest filing, from 25.47% in the prior quarter.
- Over the last five years, Return on Capital Employed for RYAAY reached as high as 26.36% in Q2 2025 and fell as low as 3.88% in Q1 2022.
- A 5-year average of 16.12% and a median of 16.89% in 2023 frame the typical range for Return on Capital Employed.
- Annual changes were most pronounced in 2022 — Return on Capital Employed jumped 2244 bps — and 2026, when it plunged 802 bps.
- Year by year, Return on Capital Employed stood at 16.07% in 2022, then increased by 9 bps to 17.54% in 2023, then decreased by 9 bps to 15.96% in 2024, then jumped by 53 bps to 24.49% in 2025, then dropped by 25 bps to 18.34% in 2026.
- According to Business Quant data, Return on Capital Employed over the past three periods registered 18.34%, 25.47%, and 24.49% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Latam Airlines | 30,290.13 Bn | 30,287.46 Bn | 1.28 Mn | 6,481.60% |
| 2 | Ryanair Holdings | 61.29 Bn | 58.10 Bn | - | 18.34% |
| 3 | Delta Air Lines | 56.42 Bn | 51.76 Bn | 19.07 Bn | 10.65% |
| 4 | Southwest Airlines | 22.20 Bn | 18.40 Bn | 7.33 Bn | 6.32% |
| 5 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 8.94 Bn | 8.12 Bn | - | -6.79% |
| 6 | Copa Holdings | 5.66 Bn | 4.32 Bn | 713.71 Mn | 16.15% |
| 7 | Alaska Air | 5.41 Bn | 3.64 Bn | 3.20 Bn | 1.66% |
| 8 | Skywest | 4.23 Bn | 3.63 Bn | 1.01 Bn | 10.54% |
| 9 | Jetblue Airways | 2.03 Bn | 1.62 Bn | 1.87 Bn | -3.55% |
| 10 | Allegiant Travel | 1.82 Bn | 915.81 Mn | 651.87 Mn | 1.70% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 18.34% |
| Mar 31, 2026 | 25.47% |
| Dec 31, 2025 | 24.49% |
| Sep 30, 2025 | 22.61% |
| Jun 30, 2025 | 26.36% |
| Mar 31, 2025 | 17.73% |
| Dec 31, 2024 | 15.96% |
| Sep 30, 2024 | 14.89% |
| Jun 30, 2024 | 16.20% |
| Mar 31, 2024 | 20.78% |
| Dec 31, 2023 | 17.54% |
| Sep 30, 2023 | 9.72% |
| Mar 31, 2023 | 16.89% |
| Dec 31, 2022 | 16.07% |
| Sep 30, 2022 | 12.72% |
| Jun 30, 2022 | 2.15% |
| Mar 31, 2022 | -3.88% |
| Dec 31, 2021 | -6.37% |
| Sep 30, 2021 | -7.36% |
| Jun 30, 2021 | -12.77% |