Return on Capital Employed snapshot
Meta Platforms's return on capital employed was 25.7% in FY2025, compared with 28.6% in FY2024. On a trailing-twelve-month basis it was 25.4% as of Q1 FY26. Return on capital employed (ROCE) is operating income divided by capital employed (total assets less current liabilities). It measures operating return relative to long-term capital.
Return on Capital Employed (latest FY)
25.7%
Return on Capital Employed (TTM)
25.4%
Return on equity (latest FY)
27.8%
Return on invested capital (latest FY)
24.3%
Meta Platforms Return on Capital Employed
Operating income ÷ (total assets − current liabilities)
Return on Capital Employed vs. related metrics
Meta Platforms Return on Capital Employed — by fiscal year
| Fiscal year | Return on capital employed | Return on equity | Return on invested capital |
|---|---|---|---|
| FY2025 | 25.7% | 27.8% | 24.3% |
| FY2024 | 28.6% | 34.1% | 36.4% |
| FY2023 | 23.7% | 25.5% | 29.6% |
| FY2022 | 18.2% | 18.5% | 19.2% |
| FY2021 | 32.3% | 31.5% | 35.8% |
| FY2020 | 22.6% | 22.7% | — |
| FY2019 | 20.3% | 18.3% | — |
| FY2018 | 27.6% | 26.3% | — |
| FY2017 | 25.0% | 21.4% | — |
| FY2016 | 20.0% | 17.3% | — |
| FY2015 | 13.1% | 8.3% | — |
| FY2014 | 13.0% | 8.1% | — |
| FY2013 | 16.7% | 9.7% | 12.1% |
| FY2012 | 3.8% | 0.5% | 0.5% |
| FY2011 | 32.3% | 20.4% | 25.5% |
| FY2010 | — | — | — |
| FY2009 | — | — | — |
By quarter (trailing-twelve-month basis)
| Quarter | Return on capital employed | Return on equity | Return on invested capital |
|---|---|---|---|
| Q1 FY26 | 25.4% | 29.0% | 25.1% |
| Q4 FY25 | 25.7% | 27.8% | 24.3% |
| Q3 FY25 | 30.7% | 30.2% | 26.8% |
| Q2 FY25 | 30.6% | 36.7% | 33.1% |
| Q1 FY25 | 29.7% | 36.0% | 35.2% |
| Q4 FY24 | 28.6% | 34.1% | 36.4% |
| Q3 FY24 | 28.0% | 33.8% | 36.3% |
| Q2 FY24 | 28.9% | 32.8% | 35.2% |
| Q1 FY24 | 27.4% | 30.6% | 33.1% |
| Q4 FY23 | 23.7% | 25.5% | 29.6% |
| Q3 FY23 | 19.8% | 20.8% | 23.8% |
| Q2 FY23 | 16.2% | 16.8% | 18.4% |
Figures normalized from SEC filings. See the full Meta Platforms ratios & metrics.