Apple Inc. (AAPL) Return on Invested Capital (ROIC): 51.97%
Is Apple Inc.’s return on invested capital (ROIC) high or low?
Apple Inc.'s return on invested capital (ROIC) of 51.97% is 16% above its 5-year average of 44.75%, near the high end of its 5-year range (38.93%–51.97%).
The return on invested capital (ROIC) for Apple Inc. (AAPL) is 51.97% as of Tuesday, June 9, 2026. It is above its 12-month average by 7.96% (48.14%).
AAPL Return on Invested Capital (ROIC) Chart
AAPL Average Return on Invested Capital (ROIC) Chart
AAPL Current vs Average Return on Invested Capital (ROIC) Chart
AAPL Return on Invested Capital (ROIC) Metrics
RETURN ON INVESTED CAPITAL (ROIC)
51.97%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
48.14%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
46.56%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
44.75%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
32.44%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
30.10%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
27.58%
CURRENT VS TTM AVG
+7.96%
CURRENT VS 3Y AVG
+11.63%
CURRENT VS 5Y AVG
+16.12%
CURRENT VS 10Y AVG
+60.21%
CURRENT VS 15Y AVG
+72.65%
CURRENT VS 20Y AVG
+88.44%
AAPL Competitors' Return on Invested Capital (ROIC)
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Apple Inc. (AAPL) | — | 51.97% | 48.14% | 46.56% | 44.75% |
| Microsoft Corporation (MSFT) | $3.00T | 21.63% | 21.95% | 23.20% | 22.53% |
| Alphabet Inc. (GOOGL) | $4.41T | 21.82% | 23.81% | 22.79% | 21.06% |
| Amazon.com, Inc. (AMZN) | $2.63T | 10.70% | 12.01% | 8.52% | 8.71% |
| Meta Platforms, Inc. (META) | $1.48T | 17.95% | 21.50% | 19.23% | 20.55% |
| NVIDIA Corporation (NVDA) | $5.04T | 62.88% | 69.08% | 50.29% | 40.49% |
Capital Efficiency
ROIC
52.0%
ROE
151.9%
Apple 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
Apple Inc. Return on Invested Capital (ROIC) FAQ
- What is the return on invested capital (ROIC) for Apple Inc. (AAPL)?
- The return on invested capital (ROIC) for AAPL stock is 51.97%.
- Is Apple Inc.'s return on invested capital (ROIC) high or low?
- Apple Inc.'s return on invested capital (ROIC) of 51.97% is 16% above its 5-year average of 44.75%, near the high end of its 5-year range (38.93%–51.97%).
- What is the TTM average return on invested capital (ROIC) for Apple Inc. (AAPL)?
- The TTM average return on invested capital (ROIC) for AAPL stock is 48.14%.
- What is the 3Y average return on invested capital (ROIC) for Apple Inc. (AAPL)?
- The 3Y average return on invested capital (ROIC) for AAPL stock is 46.56%.
- What is the 5Y average return on invested capital (ROIC) for Apple Inc. (AAPL)?
- The 5Y average return on invested capital (ROIC) for AAPL stock is 44.75%.
- What is the 10Y average return on invested capital (ROIC) for Apple Inc. (AAPL)?
- The 10Y average return on invested capital (ROIC) for AAPL stock is 32.44%.
- What is the 15Y average return on invested capital (ROIC) for Apple Inc. (AAPL)?
- The 15Y average return on invested capital (ROIC) for AAPL stock is 30.10%.
- What is the 20Y average return on invested capital (ROIC) for Apple Inc. (AAPL)?
- The 20Y average return on invested capital (ROIC) for AAPL stock is 27.58%.
Apple Inc. Return on Invested Capital (ROIC) History
| DATE | RETURN ON INVESTED CAPITAL (ROIC) |
|---|---|
| 2025-09-27 | 51.97% |
| 2024-09-28 | 44.31% |
| 2023-09-30 | 43.39% |
| 2022-09-24 | 45.17% |
| 2021-09-25 | 38.93% |
| 2020-09-26 | 24.27% |
| 2019-09-28 | 21.58% |
| 2018-09-29 | 21.40% |
| 2017-09-30 | 15.80% |
| 2016-09-24 | 17.57% |
| 2015-09-26 | 23.76% |
| 2014-09-27 | 22.20% |
| 2013-09-28 | 22.15% |
| 2012-09-29 | 30.06% |
| 2011-09-24 | 28.97% |
| 2010-09-25 | 25.52% |
| 2009-09-26 | 21.56% |
| 2008-09-27 | 17.73% |
| 2007-09-29 | 19.16% |
| 2006-09-30 | 16.09% |
| 2005-09-24 | 15.03% |
| 2004-09-25 | 4.17% |
| 2003-09-27 | -0.02% |
| 2002-09-28 | 0.27% |
| 2001-09-29 | -5.44% |
| 2000-09-30 | 7.72% |
| 1999-09-25 | 8.84% |
| 1998-09-25 | 8.85% |
| 1997-09-26 | -43.85% |
| 1996-09-27 | -24.57% |
Related Metrics
About Apple Inc.
Apple Inc. is a global technology corporation that specializes in the conceptualization, production, and sale of a diverse suite of electronic devices. Its comprehensive hardware lineup features the well-known iPhone smartphones, Mac personal computers, and versatile iPad tablets. The company also supplies a range of wearables, smart home products, and accessories, including AirPods, Apple TV, Apple Watch, items from the Beats brand, and HomePod speakers. Beyond its device offerings, Apple delivers essential support services like AppleCare and robust cloud solutions. It oversees key digital platforms, prominently the App Store, which acts as a central hub for customers to discover and download countless applications and digital content, from e-books and music to videos, games, and podcasts. The company also generates revenue via advertising, leveraging both its proprietary ad platforms and third-party licensing deals. Apple's ecosystem is further bolstered by a wide array of subscription-based services: Apple Arcade for gaming, Apple Fitness+ for personalized wellness, Apple Music for curated audio experiences and on-demand radio, Apple News+ for access to news and magazines, and Apple TV+ for exclusive original video programming. Its financial services portfolio includes the co-branded Apple Card and the mobile payment system, Apple Pay. Additionally, Apple strategically licenses its intellectual property. The company serves a broad clientele that spans individual consumers, small and medium-sized enterprises, as well as institutional clients in the education, corporate, and governmental sectors. Products are distributed through a multi-channel strategy, utilizing Apple's own physical retail locations and online storefronts, a dedicated direct sales team, and collaborations with external partners such as mobile network providers, wholesalers, general retailers, and authorized resellers. The App Store additionally functions as the primary conduit for third-party applications designed for its devices. Founded in 1976, Apple Inc. is headquartered in Cupertino, California.
- Sector
- Technology
- Industry
- Consumer Electronics
- CEO
- Timothy D. Cook