Apple Inc.(AAPL)
Consumer Electronics · Cupertino, CA
$316.12-3.85 (-1.20%)
Delayed quote: Sep 8, 2026, 1:00 PM EDT
Consumer Electronics · Cupertino, CA
Delayed quote: Sep 8, 2026, 1:00 PM EDT
Basis: Trailing twelve months (TTM), to the latest fiscal quarter end. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the return on invested capital (ROIC) high or low?
The return on invested capital (ROIC) of 51.87% is 14% above its 5-year average of 45.40%, near the high end of its 5-year range (39.17%–52.48%).
As of the fiscal period ended Saturday, June 27, 2026. 2.69% above its 12-month average of 50.51%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
51.87%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
50.51%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
47.06%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
45.40%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
33.37%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
30.41%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
27.86%
CURRENT VS TTM AVG
+2.69%
CURRENT VS 3Y AVG
+10.23%
CURRENT VS 5Y AVG
+14.24%
CURRENT VS 10Y AVG
+55.41%
CURRENT VS 15Y AVG
+70.55%
CURRENT VS 20Y AVG
+86.20%
SECTOR MEDIAN · TECHNOLOGY
8.17%
median of 193 covered companies
CURRENT VS SECTOR MEDIAN
+534.85%
vs the sector median at left
Apple Inc.
Market Cap
$4.64T
Return on Invested Capital (ROIC)
51.87%
TTM Avg
50.51%
3Y Avg
47.06%
5Y Avg
45.40%
Market Cap
$3.65T
Return on Invested Capital (ROIC)
20.90%
TTM Avg
21.46%
3Y Avg
22.11%
5Y Avg
23.14%
Market Cap
$4.10T
Return on Invested Capital (ROIC)
15.14%
TTM Avg
23.91%
3Y Avg
22.93%
5Y Avg
21.17%
Market Cap
$2.77T
Return on Invested Capital (ROIC)
8.48%
TTM Avg
12.01%
3Y Avg
9.06%
5Y Avg
9.07%
Market Cap
$1.57T
Return on Invested Capital (ROIC)
17.18%
TTM Avg
21.66%
3Y Avg
19.38%
5Y Avg
20.71%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Apple Inc. (AAPL) | $4.64T | 51.87% | 50.51% | 47.06% | 45.40% |
| Microsoft Corporation (MSFT)vs › | $3.65T | 20.90% | 21.46% | 22.11% | 23.14% |
| Alphabet Inc. (GOOGL)vs › | $4.10T | 15.14% | 23.91% | 22.93% | 21.17% |
| Amazon.com, Inc. (AMZN)vs › | $2.77T | 8.48% | 12.01% | 9.06% | 9.07% |
| Meta Platforms, Inc. (META)vs › | $1.57T | 17.18% | 21.66% | 19.38% | 20.71% |
| NVIDIA Corporation (NVDA)vs › | $5.47T | 59.61% | 69.27% | 50.45% | 40.62% |
ROIC
51.9%
ROE
119.9%
ROIC = NOPAT / Invested Capital, where NOPAT = Operating Income × (1 − effective tax rate) and Invested Capital = Total Assets − (Current Liabilities − Short-Term Debt)
Return on invested capital measures the after-tax operating return a company earns on the capital invested in the business. TGMCharts computes it from reported statements: trailing-twelve-month operating income after tax, over invested capital at the latest balance sheet — total assets less the non-interest-bearing current liabilities (payables, accruals, deferred revenue) that fund them; short-term debt stays in the capital base. The tax rate is the period's own effective rate (income tax ÷ pretax income), capped at 45%; when pretax income is zero or negative, or the tax line is a net benefit, no tax is deducted — the operating figure is shown untaxed rather than adjusted by an assumed rate. Not shown for banks, insurers or funds.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | RETURN ON INVESTED CAPITAL (ROIC) |
|---|---|
| 2026-06-27 | 51.87% |
| 2026-03-28 | 49.57% |
| 2025-12-27 | 51.01% |
| 2025-09-27 | 52.48% |
| 2025-06-28 | 47.60% |
| 2025-03-29 | 47.30% |
| 2024-12-28 | 45.21% |
| 2024-09-28 | 44.65% |
| 2024-06-29 | 47.29% |
| 2024-03-30 | 44.40% |
| 2023-12-30 | 43.49% |
| 2023-09-30 | 43.70% |
| 2023-07-01 | 43.14% |
| 2023-04-01 | 42.20% |
| 2022-12-31 | 43.26% |
| 2022-09-24 | 45.52% |
| 2022-06-25 | 43.28% |
| 2022-03-26 | 42.64% |
| 2021-12-25 | 40.27% |
| 2021-09-25 | 39.17% |
| 2021-06-26 | 36.12% |
| 2021-03-27 | 31.05% |
| 2020-12-26 | 27.10% |
| 2020-09-26 | 24.42% |
| 2020-06-27 | 23.85% |
| 2020-03-28 | 22.86% |
| 2019-12-28 | 22.14% |
| 2019-09-28 | 21.58% |
| 2019-06-29 | 21.22% |
| 2019-03-30 | 20.52% |
| 2018-12-29 | 20.16% |
| 2018-09-29 | 21.40% |
| 2018-06-30 | 19.46% |
| 2018-03-31 | 17.23% |
| 2017-12-30 | 15.67% |
| 2017-09-30 | 15.80% |
| 2017-07-01 | 15.89% |
| 2017-04-01 | 16.02% |
| 2016-12-31 | 16.82% |
| 2016-09-24 | 17.57% |
| 2016-06-25 | 18.71% |
| 2016-03-26 | 20.06% |
| 2015-12-26 | 23.18% |
| 2015-09-26 | 23.76% |
| 2015-06-27 | 23.22% |
| 2015-03-28 | 22.83% |
| 2014-12-27 | 22.79% |
| 2014-09-27 | 22.20% |
| 2014-06-28 | 21.29% |
| 2014-03-29 | 22.79% |
| 2013-12-28 | 21.20% |
| 2013-09-28 | 22.15% |
| 2013-06-29 | 22.13% |
| 2013-03-30 | 23.90% |
| 2012-12-29 | 27.00% |
| 2012-09-29 | 29.46% |
| 2012-06-30 | 30.53% |
| 2012-03-31 | 32.14% |
| 2011-12-31 | 31.39% |
| 2011-09-24 | 28.97% |
| 2011-06-25 | 29.21% |
| 2011-03-26 | 27.45% |
| 2010-12-25 | 26.12% |
| 2010-09-25 | 25.52% |
| 2010-06-26 | 22.87% |
| 2010-03-27 | 21.88% |
| 2009-12-26 | 20.45% |
| 2009-09-26 | 19.84% |
| 2009-06-27 | 20.80% |
| 2009-03-28 | 19.50% |
| 2008-12-27 | 18.20% |
| 2008-09-27 | 17.73% |
| 2008-06-28 | 18.43% |
| 2008-03-29 | 18.57% |
| 2007-12-29 | 18.50% |
| 2007-09-29 | 19.16% |
| 2007-06-30 | 18.81% |
| 2007-03-31 | 18.52% |
| 2006-12-30 | 17.64% |
| 2006-09-30 | 16.09% |
| 2006-07-01 | 16.35% |
| 2006-04-01 | 16.22% |
| 2005-12-31 | 15.84% |
| 2005-09-24 | 15.10% |
| 2005-06-25 | 12.57% |
| 2005-03-26 | 10.20% |
| 2004-12-25 | 7.48% |
| 2004-09-25 | 4.35% |
| 2004-06-26 | 3.28% |
| 2004-03-27 | 2.54% |
| 2003-12-27 | 1.65% |
| 2003-09-27 | -0.02% |
| 2003-06-28 | -1.10% |