Snowflake (SNOW) Return on Capital Employed [ROCE] (2021 - 2026)
Snowflake (SNOW) posted Return on Capital Employed [ROCE] of -25.24% for fiscal Q2 2027 (quarter ended Jul 31, 2026), up 5.07 percentage points from -30.30% a year earlier and up 0.70 percentage points from the prior quarter.
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Analysis
Snowflake (SNOW) Return on Capital Employed [ROCE] (2021 - 2026) Analysis & Trends
For FY2026 (ended Jan 31, 2026), Snowflake's Return on Capital Employed [ROCE] came in at -30.79%, down 3.46 percentage points from FY2025.
- Annual Return on Capital Employed [ROCE] has declined for four consecutive fiscal years, with a five-year change of -10.48 percentage points (FY2021 to FY2026).
- In prior fiscal years, Snowflake's Return on Capital Employed [ROCE] was -27.33% in FY2025 (-6.44 pp), -20.89% in FY2024 (-4.67 pp), -16.22% in FY2023 (-1.59 pp) and -14.63% in FY2022 (+5.69 pp).
- The fiscal Q2 2027 figure stands as the highest quarterly Return on Capital Employed [ROCE] since fiscal Q1 2025.
- On a year-over-year basis, Return on Capital Employed [ROCE] increased in two of the last eight quarters, with an average year-over-year change of -3.23 percentage points.
- The strongest year-over-year quarter for Return on Capital Employed [ROCE] in the past five years was fiscal Q2 2027, with a gain of 5.07 percentage points; the weakest was fiscal Q2 2025, with a drop of 8.58 percentage points.
- According to Business Quant data, Return on Capital Employed [ROCE] for the three prior fiscal quarters was -25.94% (Q1 2027), -33.69% (Q4 2026) and -31.13% (Q3 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 264.75 Bn | 249.82 Bn | 2.30 Bn | 1.86% |
| 2 | CrowdStrike Holdings | 238.93 Bn | 219.33 Bn | 1.10 Bn | -1.66% |
| 3 | Fortinet | 127.84 Bn | 113.77 Bn | 1.64 Bn | 44.16% |
| 4 | Snowflake | 110.22 Bn | 97.54 Bn | 1.04 Bn | -25.24% |
| 5 | Datadog | 89.46 Bn | 71.10 Bn | 881.34 Mn | 0.30% |
| 6 | Zscaler | 33.91 Bn | 20.03 Bn | - | - |
| 7 | Okta | 33.86 Bn | 23.96 Bn | 641.00 Mn | 3.21% |
| 8 | Axon Enterprise | 32.92 Bn | 27.44 Bn | 546.45 Mn | 0.40% |
| 9 | MongoDB | 27.85 Bn | 18.31 Bn | 569.77 Mn | -0.47% |
| 10 | F5 | 25.12 Bn | 19.53 Bn | 711.51 Mn | 16.60% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | -25.24% |
| 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% |
API Access
Snowflake 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=SNOW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "ticker": "SNOW", "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=SNOW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();