Return on Assets snapshot
Apple's return on assets was 31.2% in FY2025, compared with 25.7% in FY2024. On a trailing-twelve-month basis it was 33.0% as of Q2 FY26. Return on assets (ROA) is net income divided by total assets. It measures how efficiently a company turns its asset base into profit.
Return on Assets (latest FY)
31.2%
Return on Assets (TTM)
33.0%
Return on equity (latest FY)
151.9%
Return on invested capital (latest FY)
81.5%
Apple Return on Assets
Net income ÷ total assets
Return on Assets vs. related metrics
Apple Return on Assets — by fiscal year
| Fiscal year | Return on assets | Return on equity | Return on invested capital |
|---|---|---|---|
| FY2025 | 31.2% | 151.9% | 81.5% |
| FY2024 | 25.7% | 164.6% | 69.5% |
| FY2023 | 27.5% | 156.1% | 67.6% |
| FY2022 | 28.3% | 197.0% | 67.6% |
| FY2021 | 27.0% | 150.1% | 61.4% |
| FY2020 | 17.7% | 87.9% | 40.4% |
| FY2019 | 16.3% | 61.1% | 35.9% |
| FY2018 | 16.3% | 55.6% | 29.6% |
| FY2017 | 12.9% | 36.1% | 20.2% |
| FY2016 | 14.2% | 35.6% | 22.9% |
| FY2015 | 18.4% | 44.7% | 32.3% |
| FY2014 | 17.0% | 35.4% | 29.2% |
| FY2013 | 17.9% | 30.0% | 28.7% |
| FY2012 | 23.7% | 35.3% | 38.5% |
| FY2011 | 22.3% | 33.8% | — |
| FY2010 | 18.6% | 29.3% | — |
| FY2009 | 17.3% | 26.0% | — |
| FY2008 | 16.9% | 27.4% | — |
| FY2007 | — | 24.1% | — |
| FY2006 | — | — | — |
By quarter (trailing-twelve-month basis)
| Quarter | Return on assets | Return on equity | Return on invested capital |
|---|---|---|---|
| Q2 FY26 | 33.0% | 115.1% | 84.0% |
| Q1 FY26 | 31.1% | 133.5% | 88.3% |
| Q4 FY25 | 31.2% | 151.9% | 81.5% |
| Q3 FY25 | 29.9% | 150.8% | 76.0% |
| Q2 FY25 | 29.4% | 145.7% | 71.3% |
| Q1 FY25 | 27.9% | 144.0% | 72.1% |
| Q4 FY24 | 25.7% | 164.6% | 69.5% |
| Q3 FY24 | 30.7% | 152.8% | 71.4% |
| Q2 FY24 | 29.8% | 135.3% | 68.8% |
| Q1 FY24 | 28.5% | 136.2% | 71.5% |
| Q4 FY23 | 27.5% | 156.1% | 67.6% |
| Q3 FY23 | 28.3% | 157.2% | 67.6% |
Figures normalized from SEC filings. See the full Apple ratios & metrics.