ASML returns on capital

Annual and trailing 12-month returns on invested capital, equity and assets.

WACC assumption

Default 9.9% · Semiconductor Equipment proxy

ROIC

% · Annual / TTM

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ROCE

% · Annual / TTM

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ROIIC

% · Annual / TTM

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Reported borrowing balances are unavailable in the extracted statements for this period.

ROE

% · Annual / TTM

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ROA

% · Annual / TTM

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ROIC − WACC

Percentage points · Scenario

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Quarterly data

ASML returns history. Each metric has its own unit. A dash means inputs are missing or the calculation is undefined.
Fiscal period	Ended	ROIC%	ROCE%	ROIIC%	ROE%	ROA%	ROIC − WACCPercentage points
FY 2026 Q2	Jun 28, 2026	—	—	—	—	—	—
FY 2026 Q1	Mar 29, 2026	—	—	—	—	—	—
FY 2025 Q4	Dec 31, 2025	89.38%	41.22%	—	50.46%	19.38%	79.5 pp
FY 2025 Q3	Sep 28, 2025	—	—	—	—	—	—
FY 2025 Q2	Jun 29, 2025	—	—	—	—	—	—
FY 2025 Q1	Mar 30, 2025	—	—	—	—	—	—
FY 2024 Q4	Dec 31, 2024	68.31%	34.56%	—	47.43%	17.1%	58.4 pp
FY 2024 Q3	Sep 29, 2024	—	—	—	—	—	—
FY 2024 Q2	Jun 30, 2024	—	—	—	—	—	—
FY 2024 Q1	Mar 31, 2024	—	—	—	—	—	—
FY 2023 Q4	Dec 31, 2023	—	—	—	—	—	—
FY 2023 Q3	Oct 1, 2023	—	—	—	—	—	—
FY 2023 Q2	Jul 2, 2023	—	—	—	—	—	—
FY 2023 Q1	Apr 2, 2023	—	—	—	—	—	—

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 9.9%, rounded from the Semiconductor Equipment 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 · ASML.AS, EUR. 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.