Return on Capital Employed snapshot
NVIDIA Corporation's return on capital employed was 74.7% in FY2026, compared with 87.1% in FY2025. On a trailing-twelve-month basis it was 75.3% as of Q1 FY27. 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)
74.7%
Return on Capital Employed (TTM)
75.3%
Return on equity (latest FY)
76.3%
Return on invested capital (latest FY)
71.3%
NVIDIA Corporation Return on Capital Employed
Operating income ÷ (total assets − current liabilities)
Return on Capital Employed vs. related metrics
NVIDIA Corporation Return on Capital Employed — by fiscal year
| Fiscal year | Return on capital employed | Return on equity | Return on invested capital |
|---|---|---|---|
| FY2026 | 74.7% | 76.3% | 71.3% |
| FY2025 | 87.1% | 91.9% | 89.2% |
| FY2024 | 59.8% | 69.2% | 63.9% |
| FY2023 | 12.2% | 19.8% | 14.9% |
| FY2022 | 25.2% | 36.6% | 27.7% |
| FY2021 | 18.2% | 25.6% | 19.4% |
| FY2020 | 18.3% | 22.9% | 81.2% |
| FY2019 | 31.8% | 44.3% | 38.3% |
| FY2018 | 31.8% | 40.8% | 56.1% |
| FY2017 | 24.0% | 28.9% | 28.2% |
| FY2016 | 14.9% | 13.7% | 15.9% |
| FY2015 | 12.0% | 14.3% | 11.9% |
| FY2014 | 7.9% | 9.9% | 9.1% |
| FY2013 | 11.9% | 11.7% | 13.4% |
| FY2012 | 14.0% | 14.0% | — |
| FY2011 | 7.2% | 8.0% | — |
| FY2010 | -3.5% | -2.6% | — |
| FY2009 | -2.7% | -1.3% | — |
| FY2008 | — | 30.5% | — |
| FY2007 | — | — | — |
By quarter (trailing-twelve-month basis)
| Quarter | Return on capital employed | Return on equity | Return on invested capital |
|---|---|---|---|
| Q1 FY27 | 75.3% | 81.7% | 71.7% |
| Q4 FY26 | 74.7% | 76.3% | 71.3% |
| Q3 FY26 | 81.5% | 83.4% | 81.1% |
| Q2 FY26 | 82.4% | 86.5% | 85.2% |
| Q1 FY26 | 87.3% | 91.6% | 96.8% |
| Q4 FY25 | 87.1% | 91.9% | 89.2% |
| Q3 FY25 | 89.3% | 95.7% | 94.2% |
| Q2 FY25 | 83.6% | 91.1% | 89.0% |
| Q1 FY25 | 77.2% | 86.7% | 81.1% |
| Q4 FY24 | 59.8% | 69.2% | 63.9% |
| Q3 FY24 | 45.8% | 56.8% | 49.5% |
| Q2 FY24 | 27.5% | 37.5% | 32.0% |
Figures normalized from SEC filings. See the full NVIDIA Corporation ratios & metrics.