Return on Invested Capital snapshot
NVIDIA Corporation's return on invested capital was 71.3% in FY2026, compared with 89.2% in FY2025. On a trailing-twelve-month basis it was 71.7% as of Q1 FY27. 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)
71.3%
Return on Invested Capital (TTM)
71.7%
Return on equity (latest FY)
76.3%
Return on assets (latest FY)
58.1%
NVIDIA Corporation Return on Invested Capital
After-tax operating profit ÷ invested capital
Return on Invested Capital vs. related metrics
NVIDIA Corporation Return on Invested Capital — by fiscal year
| Fiscal year | Return on invested capital | Return on equity | Return on assets |
|---|---|---|---|
| FY2026 | 71.3% | 76.3% | 58.1% |
| FY2025 | 89.2% | 91.9% | 65.3% |
| FY2024 | 63.9% | 69.2% | 45.3% |
| FY2023 | 14.9% | 19.8% | 10.6% |
| FY2022 | 27.7% | 36.6% | 22.1% |
| FY2021 | 19.4% | 25.6% | 15.0% |
| FY2020 | 81.2% | 22.9% | 16.1% |
| FY2019 | 38.3% | 44.3% | 31.2% |
| FY2018 | 56.1% | 40.8% | 27.1% |
| FY2017 | 28.2% | 28.9% | 16.9% |
| FY2016 | 15.9% | 13.7% | 8.3% |
| FY2015 | 11.9% | 14.3% | 8.8% |
| FY2014 | 9.1% | 9.9% | 6.1% |
| FY2013 | 13.4% | 11.7% | 8.8% |
| FY2012 | — | 14.0% | 10.5% |
| FY2011 | — | 8.0% | 5.6% |
| FY2010 | — | -2.6% | -1.9% |
| FY2009 | — | -1.3% | -0.9% |
| FY2008 | — | 30.5% | — |
| FY2007 | — | — | — |
By quarter (trailing-twelve-month basis)
| Quarter | Return on invested capital | Return on equity | Return on assets |
|---|---|---|---|
| Q1 FY27 | 71.7% | 81.7% | 61.5% |
| Q4 FY26 | 71.3% | 76.3% | 58.1% |
| Q3 FY26 | 81.1% | 83.4% | 61.6% |
| Q2 FY26 | 85.2% | 86.5% | 61.5% |
| Q1 FY26 | 96.8% | 91.6% | 61.3% |
| Q4 FY25 | 89.2% | 91.9% | 65.3% |
| Q3 FY25 | 94.2% | 95.7% | 65.7% |
| Q2 FY25 | 89.0% | 91.1% | 62.2% |
| Q1 FY25 | 81.1% | 86.7% | 55.3% |
| Q4 FY24 | 63.9% | 69.2% | 45.3% |
| Q3 FY24 | 49.5% | 56.8% | 34.9% |
| Q2 FY24 | 32.0% | 37.5% | 20.8% |
Figures normalized from SEC filings. See the full NVIDIA Corporation ratios & metrics.