Alphabet Inc. (GOOG) Return on Invested Capital (ROIC): 21.82%
Is Alphabet Inc.’s return on invested capital (ROIC) high or low?
Alphabet Inc.'s return on invested capital (ROIC) of 21.82% is in line with its 5-year average of 21.06%, around the middle of its 5-year range (13.05%–25.80%).
The return on invested capital (ROIC) for Alphabet Inc. (GOOG) is 21.82% as of Wednesday, June 10, 2026. It is below its 12-month average by 8.36% (23.81%).
GOOG Return on Invested Capital (ROIC) Chart
GOOG Average Return on Invested Capital (ROIC) Chart
GOOG Current vs Average Return on Invested Capital (ROIC) Chart
GOOG Return on Invested Capital (ROIC) Metrics
RETURN ON INVESTED CAPITAL (ROIC)
21.82%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
23.81%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
22.79%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
21.06%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
16.67%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
15.71%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
15.77%
CURRENT VS TTM AVG
-8.36%
CURRENT VS 3Y AVG
-4.25%
CURRENT VS 5Y AVG
+3.58%
CURRENT VS 10Y AVG
+30.87%
CURRENT VS 15Y AVG
+38.92%
CURRENT VS 20Y AVG
+38.35%
GOOG Competitors' Return on Invested Capital (ROIC)
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Alphabet Inc. (GOOG) | $4.28T | 21.82% | 23.81% | 22.79% | 21.06% |
| Apple Inc. (AAPL) | $4.32T | 51.97% | 48.14% | 46.56% | 44.75% |
| Microsoft Corporation (MSFT) | $2.98T | 21.63% | 21.95% | 23.20% | 22.53% |
| Meta Platforms, Inc. (META) | $1.46T | 17.95% | 21.50% | 19.23% | 20.55% |
| Amazon.com, Inc. (AMZN) | $2.57T | 10.70% | 12.01% | 8.52% | 8.71% |
| Netflix, Inc. (NFLX) | $345.29B | 25.22% | 22.71% | 18.04% | 16.51% |
Capital Efficiency
ROIC
21.8%
ROE
33.5%
Alphabet Inc. Return on Invested Capital (ROIC) Formula & Definition
ROIC = NOPAT / Invested Capital
Return on invested capital measures the after-tax return a company earns on all capital (debt and equity) invested in the business.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Alphabet Inc. Return on Invested Capital (ROIC) FAQ
- What is the return on invested capital (ROIC) for Alphabet Inc. (GOOG)?
- The return on invested capital (ROIC) for GOOG stock is 21.82%.
- Is Alphabet Inc.'s return on invested capital (ROIC) high or low?
- Alphabet Inc.'s return on invested capital (ROIC) of 21.82% is in line with its 5-year average of 21.06%, around the middle of its 5-year range (13.05%–25.80%).
- What is the TTM average return on invested capital (ROIC) for Alphabet Inc. (GOOG)?
- The TTM average return on invested capital (ROIC) for GOOG stock is 23.81%.
- What is the 3Y average return on invested capital (ROIC) for Alphabet Inc. (GOOG)?
- The 3Y average return on invested capital (ROIC) for GOOG stock is 22.79%.
- What is the 5Y average return on invested capital (ROIC) for Alphabet Inc. (GOOG)?
- The 5Y average return on invested capital (ROIC) for GOOG stock is 21.06%.
- What is the 10Y average return on invested capital (ROIC) for Alphabet Inc. (GOOG)?
- The 10Y average return on invested capital (ROIC) for GOOG stock is 16.67%.
- What is the 15Y average return on invested capital (ROIC) for Alphabet Inc. (GOOG)?
- The 15Y average return on invested capital (ROIC) for GOOG stock is 15.71%.
- What is the 20Y average return on invested capital (ROIC) for Alphabet Inc. (GOOG)?
- The 20Y average return on invested capital (ROIC) for GOOG stock is 15.77%.
Alphabet Inc. Return on Invested Capital (ROIC) History
| DATE | RETURN ON INVESTED CAPITAL (ROIC) |
|---|---|
| 2025-12-31 | 21.82% |
| 2024-12-31 | 25.80% |
| 2023-12-31 | 22.44% |
| 2022-12-31 | 21.09% |
| 2021-12-31 | 22.19% |
| 2020-12-31 | 13.05% |
| 2019-12-31 | 12.79% |
| 2018-12-31 | 12.23% |
| 2017-12-31 | 7.04% |
| 2016-12-31 | 12.69% |
| 2015-12-31 | 12.26% |
| 2014-12-31 | 11.19% |
| 2013-12-31 | 13.01% |
| 2012-12-31 | 13.47% |
| 2011-12-31 | 14.30% |
| 2010-12-31 | 15.94% |
| 2009-12-31 | 17.13% |
| 2008-12-31 | 16.25% |
| 2007-12-31 | 16.17% |
| 2006-12-31 | 15.86% |
| 2005-12-31 | 14.49% |
| 2004-12-31 | 13.20% |
| 2003-12-31 | 16.18% |
| 2002-12-31 | 49.81% |
| 2001-12-31 | 0.00% |
| 2000-12-31 | 0.00% |
| 1999-12-31 | 0.00% |
Related Metrics
About Alphabet Inc.
Alphabet Inc. operates globally, providing a wide array of products and digital platforms to customers across the United States, Europe, the Middle East, Africa, the Asia-Pacific region, Canada, and Latin America. The company's business is organized into three primary segments: Google Services, Google Cloud, and Other Bets. The Google Services division delivers a broad spectrum of consumer-facing offerings, which include its advertising products, the Android operating system, Chrome browser, various hardware devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search functionality, and YouTube. This segment also generates revenue through the sale of applications, in-app purchases, and digital content via Google Play and YouTube, alongside device sales and consumer subscriptions for YouTube services. Conversely, the Google Cloud segment furnishes enterprise-grade solutions such as infrastructure, cybersecurity, database management, analytics, artificial intelligence, and other professional services. This encompasses the Google Workspace suite, a collection of cloud-native communication and collaboration tools for businesses, including Gmail, Docs, Drive, Calendar, and Meet, among other offerings tailored for corporate clients. The Other Bets segment is dedicated to developing nascent ventures, particularly those focused on healthcare-related and internet services. Established in 1998, Alphabet Inc. maintains its corporate headquarters in Mountain View, California.
- Sector
- Communication Services
- Industry
- Internet Content & Information
- CEO
- Sundar Pichai