Return on Invested Capital snapshot
Meta Platforms's return on invested capital was 24.3% in FY2025, compared with 36.4% in FY2024. On a trailing-twelve-month basis it was 25.1% as of Q1 FY26. Return on invested capital (ROIC) is after-tax operating profit divided by invested capital (debt plus equity, less cash). It measures the return a company earns on the total capital put to work in the business.
Return on Invested Capital (latest FY)
24.3%
Return on Invested Capital (TTM)
25.1%
Return on equity (latest FY)
27.8%
Return on assets (latest FY)
16.5%
Meta Platforms Return on Invested Capital
After-tax operating profit ÷ invested capital
Return on Invested Capital vs. related metrics
Meta Platforms Return on Invested Capital — by fiscal year
| Fiscal year | Return on invested capital | Return on equity | Return on assets |
|---|---|---|---|
| FY2025 | 24.3% | 27.8% | 16.5% |
| FY2024 | 36.4% | 34.1% | 22.6% |
| FY2023 | 29.6% | 25.5% | 17.0% |
| FY2022 | 19.2% | 18.5% | 12.5% |
| FY2021 | 35.8% | 31.5% | 23.7% |
| FY2020 | — | 22.7% | 18.3% |
| FY2019 | — | 18.3% | 13.9% |
| FY2018 | — | 26.3% | 22.7% |
| FY2017 | — | 21.4% | 18.9% |
| FY2016 | — | 17.3% | 15.7% |
| FY2015 | — | 8.3% | 7.5% |
| FY2014 | — | 8.1% | 7.4% |
| FY2013 | 12.1% | 9.7% | 8.4% |
| FY2012 | 0.5% | 0.5% | 0.4% |
| FY2011 | 25.5% | 20.4% | 15.8% |
| FY2010 | — | — | — |
| FY2009 | — | — | — |
By quarter (trailing-twelve-month basis)
| Quarter | Return on invested capital | Return on equity | Return on assets |
|---|---|---|---|
| Q1 FY26 | 25.1% | 29.0% | 17.9% |
| Q4 FY25 | 24.3% | 27.8% | 16.5% |
| Q3 FY25 | 26.8% | 30.2% | 19.3% |
| Q2 FY25 | 33.1% | 36.7% | 24.3% |
| Q1 FY25 | 35.2% | 36.0% | 23.8% |
| Q4 FY24 | 36.4% | 34.1% | 22.6% |
| Q3 FY24 | 36.3% | 33.8% | 21.7% |
| Q2 FY24 | 35.2% | 32.8% | 22.3% |
| Q1 FY24 | 33.1% | 30.6% | 20.5% |
| Q4 FY23 | 29.6% | 25.5% | 17.0% |
| Q3 FY23 | 23.8% | 20.8% | 13.7% |
| Q2 FY23 | 18.4% | 16.8% | 10.9% |
Figures normalized from SEC filings. See the full Meta Platforms ratios & metrics.