Analog Devices
Analog Devices 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 Q3 | Aug 1, 2026 | 10.72% | 11.22% | 4,123.92% | 12.23% | 8.56% | 0.1 pp |
| FY 2026 Q2 | May 2, 2026 | 8.77% | 9.39% | 919.6% | 9.64% | 6.95% | -1.8 pp |
| FY 2026 Q1 | Jan 31, 2026 | 7.23% | 7.76% | — | 7.86% | 5.64% | -3.4 pp |
| FY 2025 Q4 | Nov 1, 2025 | 6.05% | 6.52% | — | 6.57% | 4.71% | -4.6 pp |
| FY 2025 Q3 | Aug 2, 2025 | 5.24% | 5.64% | — | 5.65% | 4.04% | -5.4 pp |
| FY 2025 Q2 | May 3, 2025 | 5.03% | 4.94% | — | 5.21% | 3.81% | -5.6 pp |
| FY 2025 Q1 | Feb 1, 2025 | 4.38% | 4.29% | — | 4.43% | 3.25% | -6.2 pp |
| FY 2024 Q4 | Nov 2, 2024 | 4.52% | 4.48% | — | 4.62% | 3.37% | -6.1 pp |
| FY 2024 Q3 | Aug 3, 2024 | 4.57% | 4.57% | — | 4.66% | 3.38% | -6 pp |
| FY 2024 Q2 | May 4, 2024 | 5.73% | 5.49% | — | 6.01% | 4.35% | -4.9 pp |
| FY 2024 Q1 | Feb 3, 2024 | 7.33% | 7.03% | — | 7.81% | 5.71% | -3.3 pp |
| FY 2023 Q4 | Oct 28, 2023 | 8.45% | 8.18% | 4,864.05% | 9.2% | 6.69% | -2.1 pp |
| FY 2023 Q3 | Jul 29, 2023 | 9.48% | 9.09% | 393.42% | 10.35% | 7.53% | -1.1 pp |
| FY 2023 Q2 | Apr 29, 2023 | 9.13% | 8.92% | — | 9.91% | 7.22% | -1.5 pp |
| FY 2023 Q1 | Jan 28, 2023 | 8.65% | 8.36% | — | 9.28% | 6.76% | -2 pp |
| FY 2022 Q4 | Oct 29, 2022 | 6.9% | 6.73% | — | 7.38% | 5.36% | -3.7 pp |
| FY 2022 Q3 | Jul 30, 2022 | — | 6.82% | — | 7.72% | 5.25% | — |
| FY 2022 Q2 | Apr 30, 2022 | — | 5.92% | — | 6.67% | 4.54% | — |
| FY 2022 Q1 | Jan 29, 2022 | — | 4.63% | — | 5.18% | 3.53% | — |
| FY 2021 Q4 | Oct 30, 2021 | — | 4.86% | — | 5.56% | 3.77% | — |
| FY 2021 Q3 | Jul 31, 2021 | — | 10.6% | — | 14.15% | 7.87% | — |
| FY 2021 Q2 | May 1, 2021 | — | 9.66% | — | 13.14% | 7.27% | — |
| FY 2021 Q1 | Jan 30, 2021 | — | 8.58% | — | 11.82% | 6.56% | — |
| FY 2020 Q4 | Oct 31, 2020 | — | 7.49% | — | 10.3% | 5.7% | — |
| FY 2020 Q3 | Aug 1, 2020 | — | 6.88% | — | 9.43% | 5.15% | — |
| FY 2020 Q2 | May 2, 2020 | — | 6.98% | — | 9.52% | 5.16% | — |
| FY 2020 Q1 | Feb 1, 2020 | — | 7.53% | — | 10.39% | 5.61% | — |
| FY 2019 Q4 | Nov 2, 2019 | — | 8.79% | — | 11.98% | 6.51% | — |
| FY 2019 Q3 | Aug 3, 2019 | — | 9.6% | — | 13.37% | 7.21% | — |
| FY 2019 Q2 | May 4, 2019 | — | 9.75% | — | 14.02% | 7.38% | — |
| FY 2019 Q1 | Feb 2, 2019 | — | 9.52% | — | 14.38% | 7.41% | — |
| FY 2018 Q4 | Nov 3, 2018 | — | 9.75% | — | 14.09% | 7.19% | — |
| FY 2018 Q3 | Aug 4, 2018 | — | 9.26% | — | 13.52% | 6.77% | — |
| FY 2018 Q2 | May 5, 2018 | — | 7.47% | — | 10.31% | 4.49% | — |
| FY 2018 Q1 | Feb 3, 2018 | — | 8.23% | — | 9.9% | 5.01% | — |
| FY 2017 Q4 | Oct 28, 2017 | — | 7.89% | — | 9.46% | 5% | — |
| FY 2017 Q3 | Jul 29, 2017 | — | 7.13% | — | 9.05% | 4.69% | — |
| FY 2017 Q2 | Apr 29, 2017 | — | 7.4% | — | 11.28% | 4.9% | — |
| FY 2017 Q1 | Jan 28, 2017 | — | 13.41% | — | 17.75% | 10.27% | — |
| FY 2016 Q4 | Oct 29, 2016 | — | 15.65% | — | 16.83% | 11.46% | — |
| FY 2016 Q3 | Jul 30, 2016 | — | 11.92% | — | 13.17% | 8.93% | — |
| FY 2016 Q2 | Apr 30, 2016 | — | 12.07% | — | 13.17% | 8.86% | — |
| FY 2016 Q1 | Jan 30, 2016 | — | 12.4% | — | 13.93% | 9.47% | — |
| FY 2015 Q4 | Oct 31, 2015 | — | 13.73% | — | 14.18% | 10.01% | — |
| FY 2015 Q3 | Aug 1, 2015 | — | 14.04% | — | 14.08% | 8.81% | — |
| FY 2015 Q2 | May 2, 2015 | — | 13.49% | — | 13.61% | 9.87% | — |
| FY 2015 Q1 | Jan 31, 2015 | — | 12.94% | — | 13.65% | 9.92% | — |
| FY 2014 Q4 | Nov 1, 2014 | — | 12.58% | — | 13.25% | 9.51% | — |
| FY 2014 Q3 | Aug 2, 2014 | — | 13.38% | — | 14.97% | 9.56% | — |
| FY 2014 Q2 | May 3, 2014 | — | 14.23% | — | 15.29% | 11.54% | — |
| FY 2014 Q1 | Feb 1, 2014 | — | 14.05% | — | 15.24% | 11.47% | — |
| FY 2013 Q4 | Nov 2, 2013 | — | 13.81% | — | 15.13% | 11.22% | — |
| FY 2013 Q3 | Aug 3, 2013 | — | 14.51% | — | 15.02% | 11.23% | — |
| FY 2013 Q2 | May 4, 2013 | — | 15.17% | — | 15.37% | 11.46% | — |
| FY 2013 Q1 | Feb 2, 2013 | — | 15.9% | — | 15.75% | 11.7% | — |
| FY 2012 Q4 | Nov 3, 2012 | — | 16.74% | — | 16.36% | 11.95% | — |
| FY 2012 Q3 | Aug 4, 2012 | — | 17.51% | — | 16.93% | 12.24% | — |
| FY 2012 Q2 | May 5, 2012 | — | 19.32% | — | 18.8% | 13.35% | — |
| FY 2012 Q1 | Feb 4, 2012 | — | 22.72% | — | 21.78% | 15.89% | — |
| FY 2011 Q4 | Oct 29, 2011 | — | 25.41% | — | 24.8% | 18.06% | — |
| FY 2011 Q3 | Jul 30, 2011 | — | 27.34% | — | 26.93% | 19.43% | — |
| FY 2011 Q2 | Apr 30, 2011 | — | 27.59% | — | 27.45% | 19.55% | — |
| FY 2011 Q1 | Jan 29, 2011 | — | 27.93% | — | 26.56% | 19.62% | — |
| FY 2010 Q4 | Oct 30, 2010 | — | 26.86% | — | 24.86% | 18.42% | — |
| FY 2010 Q3 | Jul 31, 2010 | — | 23.06% | — | — | 16.05% | — |
| FY 2010 Q2 | May 1, 2010 | — | — | — | — | — | — |
| FY 2010 Q1 | Jan 30, 2010 | — | — | — | — | — | — |
| FY 2009 Q4 | Oct 31, 2009 | — | — | — | — | — | — |
| FY 2009 Q3 | Aug 1, 2009 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 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 10.6%, rounded from the Semiconductor 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 · ADI, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 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.