Snowflake (SNOW) Return on Capital Employed (2021 - 2026)
Snowflake's (SNOW) quarterly Return on Capital Employed came in at 25.94% in Q2 2026, up 200.0% year-on-year from 8.65% in Q2 2025, and up 23.01% quarter-over-quarter from 33.69% in Q1 2026.
Snowflake (SNOW) Return on Capital Employed (2021 - 2026) Analysis & Trends
Snowflake has disclosed Return on Capital Employed across 6 years of filings, most recently posting 25.94% for Q2 2026.
- Return on Capital Employed for Q2 2026 came in at 25.94%, up 200.0% year-over-year; the trailing twelve-month figure through Apr 2026 was 25.94% (up 200.0% YoY), and the FY2026 annual result was 30.79%, down 346.0% from the prior year.
- Return on Capital Employed came in at 25.94% for Q2 2026 at Snowflake, up from 33.69% in the prior quarter.
- In the past five years, Return on Capital Employed ranged from a high of 12.51% in Q3 2022 to a low of 33.69% in Q1 2026.
- The 5-year median for Return on Capital Employed is 21.89% (2024), against an average of 22.03%.
- Across the five-year window, Return on Capital Employed soared 268 bps in 2022 and tumbled 858 bps in 2024, its largest moves.
- Snowflake's Return on Capital Employed stood at 13.4% in 2022, then sank by 48 bps to 19.78% in 2023, then plunged by 38 bps to 27.3% in 2024, then fell by 14 bps to 31.13% in 2025, then gained by 17 bps to 25.94% in 2026.
- The last three Return on Capital Employed figures came in at 25.94% (Q2 2026), 33.69% (Q1 2026), and 31.13% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | 40.19% |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | 9.54% |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 12.81% |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | 12.40% |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 10.65% |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 17.43% |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 12.32% |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | -20.99% |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 51.24% |
| 10 | Snowflake | 82.57 Bn | 79.61 Bn | 926.45 Mn | -25.94% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | -25.94% |
| Jan 31, 2026 | -33.69% |
| Oct 31, 2025 | -31.13% |
| Jul 31, 2025 | -30.30% |
| Apr 30, 2025 | -27.94% |
| Jan 31, 2025 | -27.38% |
| Oct 31, 2024 | -27.30% |
| Jul 31, 2024 | -26.63% |
| Apr 30, 2024 | -21.95% |
| Jan 31, 2024 | -21.84% |
| Oct 31, 2023 | -19.78% |
| Jul 31, 2023 | -18.05% |
| Apr 30, 2023 | -16.27% |
| Jan 31, 2023 | -15.47% |
| Oct 31, 2022 | -13.40% |
| Jul 31, 2022 | -12.51% |
| Apr 30, 2022 | -12.76% |
| Jan 31, 2022 | -14.27% |
| Oct 31, 2021 | -14.85% |
| Jul 31, 2021 | -15.19% |