Western Digital
Western Digital returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q4 | Jul 3, 2026 | 52.16% | 48.92% | — | 131.02% | 67.65% | 44.5 pp |
| FY 2026 Q3 | Apr 3, 2026 | 36.21% | 33.06% | — | 86.15% | 41.45% | 28.5 pp |
| FY 2026 Q2 | Jan 2, 2026 | — | 20.14% | — | 38.89% | 18.63% | — |
| FY 2026 Q1 | Oct 3, 2025 | — | 22.13% | — | 28.77% | 13.18% | — |
| FY 2025 Q4 | Jun 27, 2025 | — | 17.49% | — | 22.82% | 9.89% | — |
| FY 2025 Q3 | Mar 28, 2025 | — | 16.62% | — | 21.02% | 8.2% | — |
| FY 2025 Q2 | Dec 27, 2024 | 9.6% | 10.3% | — | 10.94% | 5.06% | 1.9 pp |
| FY 2025 Q1 | Sep 27, 2024 | 3.61% | 5.54% | — | 3.05% | 1.56% | -4.1 pp |
| FY 2024 Q4 | Jun 28, 2024 | — | -1.71% | — | -7.87% | -3.28% | — |
| FY 2024 Q3 | Mar 29, 2024 | — | -5.97% | — | -14.89% | -6.34% | — |
| FY 2024 Q2 | Dec 29, 2023 | — | -9.55% | — | -20.84% | -9.14% | — |
| FY 2024 Q1 | Sep 29, 2023 | — | -10.48% | — | -22.12% | -9.73% | — |
| FY 2023 Q4 | Jun 30, 2023 | — | -6.42% | — | -15% | -6.73% | — |
| FY 2023 Q3 | Mar 31, 2023 | — | -0.35% | — | -5.92% | -2.71% | — |
| FY 2023 Q2 | Dec 30, 2022 | — | 3.46% | — | -0.77% | -0.36% | — |
| FY 2023 Q1 | Sep 30, 2022 | — | 8.35% | — | 7.81% | 3.52% | — |
| FY 2022 Q4 | Jul 1, 2022 | 10.24% | 11.31% | 72.48% | 13.08% | 5.73% | 2.5 pp |
| FY 2022 Q3 | Apr 1, 2022 | 12.6% | 11.86% | 306.46% | 16.61% | 7.13% | 4.9 pp |
| FY 2022 Q2 | Dec 31, 2021 | 13.82% | 11.86% | 243.94% | 18.25% | 7.73% | 6.1 pp |
| FY 2022 Q1 | Oct 1, 2021 | 10.81% | 9.04% | — | 14.24% | 5.76% | 3.1 pp |
| FY 2021 Q4 | Jul 2, 2021 | 6.72% | 5.74% | — | 8.1% | 3.17% | -1 pp |
| FY 2021 Q3 | Apr 2, 2021 | 3.38% | 3.84% | — | 3.62% | 1.36% | -4.3 pp |
| FY 2021 Q2 | Jan 1, 2021 | 2.14% | 3.03% | — | 1.74% | 0.65% | -5.6 pp |
| FY 2021 Q1 | Oct 2, 2020 | — | 2.49% | — | -0.36% | -0.13% | — |
| FY 2020 Q4 | Jul 3, 2020 | — | 1.53% | — | -2.56% | -0.96% | — |
| FY 2020 Q3 | Apr 3, 2020 | — | -1.4% | — | -6.12% | -2.27% | — |
| FY 2020 Q2 | Jan 3, 2020 | — | -3.8% | — | -11.76% | -4.44% | — |
| FY 2020 Q1 | Oct 4, 2019 | — | -3.14% | — | -14.72% | -5.61% | — |
| FY 2019 Q4 | Jun 28, 2019 | — | 0.37% | — | -7.01% | -2.71% | — |
| FY 2019 Q3 | Mar 29, 2019 | 1.64% | 5.53% | — | 1.85% | 0.71% | -6.1 pp |
| FY 2019 Q2 | Dec 28, 2018 | 10.08% | 10.67% | 261.7% | 7.58% | 2.91% | 2.4 pp |
| FY 2019 Q1 | Sep 28, 2018 | 4.85% | 13.5% | — | 4.31% | 1.71% | -2.9 pp |
| FY 2018 Q4 | Jun 29, 2018 | 6.52% | 14.38% | — | 5.88% | 2.28% | -1.2 pp |
| FY 2018 Q3 | Mar 30, 2018 | 2.14% | 13.74% | — | 1.78% | 0.68% | -5.6 pp |
| FY 2018 Q2 | Dec 29, 2017 | 2.96% | 12.06% | — | 3.51% | 1.31% | -4.7 pp |
| FY 2018 Q1 | Sep 29, 2017 | 11.37% | 10.28% | — | 12.65% | 4.85% | 3.7 pp |
| FY 2017 Q4 | Jun 30, 2017 | 5.73% | 7.6% | — | 3.52% | 1.27% | -2 pp |
| FY 2017 Q3 | Mar 31, 2017 | — | 5.93% | — | -2.41% | -1.12% | — |
| FY 2017 Q2 | Dec 30, 2016 | — | 3.61% | — | -4.17% | -1.9% | — |
| FY 2017 Q1 | Sep 30, 2016 | — | 2.03% | — | -4.05% | -1.84% | — |
| FY 2016 Q4 | Jul 1, 2016 | — | 2.46% | — | 2.38% | 1.01% | — |
| FY 2016 Q3 | Apr 1, 2016 | 13.51% | 7.59% | — | 8.79% | 5.5% | 5.8 pp |
| FY 2016 Q2 | Jan 1, 2016 | 17.62% | 10.38% | -290% | 12.21% | 7.44% | 9.9 pp |
| FY 2016 Q1 | Oct 2, 2015 | 20.85% | 12.32% | -38.62% | 14.48% | 8.57% | 13.2 pp |
| FY 2015 Q4 | Jul 3, 2015 | 22.61% | 13.66% | -54.69% | 16.22% | 9.55% | 14.9 pp |
| FY 2015 Q3 | Apr 3, 2015 | 23.7% | 14.51% | 575.55% | 17.36% | 10.24% | 16 pp |
| FY 2015 Q2 | Jan 2, 2015 | 24.74% | 15.16% | 171.08% | 17.59% | 10.21% | 17 pp |
| FY 2015 Q1 | Oct 3, 2014 | 26.35% | 15.54% | — | 17.95% | 10.15% | 18.7 pp |
| FY 2014 Q4 | Jun 27, 2014 | 27.52% | 16.49% | 68.06% | 19.32% | 10.95% | 19.8 pp |
| FY 2014 Q3 | Mar 28, 2014 | 16.45% | 10.93% | -326.48% | 12.04% | 7.07% | 8.8 pp |
| FY 2014 Q2 | Dec 27, 2013 | 16.96% | 11.44% | — | 12.49% | 7.2% | 9.3 pp |
| FY 2014 Q1 | Sep 27, 2013 | — | — | — | — | — | — |
| FY 2013 Q4 | Jun 28, 2013 | 16.66% | 12.51% | — | 12.59% | 6.94% | 9 pp |
| FY 2013 Q3 | Mar 29, 2013 | 30.8% | 22.2% | — | 25.13% | 14% | 23.1 pp |
| FY 2013 Q2 | Dec 28, 2012 | 48.05% | 28.71% | 32.82% | 29.39% | 19.16% | 40.4 pp |
| FY 2013 Q1 | Sep 28, 2012 | 42.86% | 25.36% | 26.54% | 27.5% | 16.71% | 35.2 pp |
| FY 2012 Q4 | Jun 29, 2012 | 36.36% | 21.97% | 20.62% | 24.5% | 14.44% | 28.7 pp |
| FY 2012 Q3 | Mar 30, 2012 | 22.46% | 14.35% | 4.56% | 16.1% | 9.17% | 14.8 pp |
| FY 2012 Q2 | Dec 30, 2011 | 29.84% | 12.56% | — | 12.42% | 8.79% | 22.1 pp |
| FY 2012 Q1 | Sep 30, 2011 | 32.49% | 14.3% | — | 14.44% | 9.53% | 24.8 pp |
| FY 2011 Q4 | Jul 1, 2011 | 31.15% | 13.88% | — | 14.24% | 9.4% | 23.5 pp |
| FY 2011 Q3 | Apr 1, 2011 | 37.51% | 16.57% | — | 17.09% | 11.23% | 29.8 pp |
| FY 2011 Q2 | Dec 31, 2010 | 49.5% | 23.06% | — | 23.76% | 15.07% | 41.8 pp |
| FY 2011 Q1 | Oct 1, 2010 | 59.37% | 29.6% | — | 30.61% | 19.12% | 51.7 pp |
| FY 2010 Q4 | Jul 2, 2010 | — | — | — | — | — | — |
| FY 2010 Q3 | Apr 2, 2010 | — | — | — | — | — | — |
| FY 2010 Q2 | Jan 1, 2010 | — | — | — | — | — | — |
| FY 2010 Q1 | Oct 2, 2009 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 19, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 7.7%, rounded from the US nonfinancial market · generic proxy benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · WDC, USD. Latest completed close Oct 21, 2026. Price data retrieved Oct 22, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.