Broadcom
Broadcom 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 2, 2026 | 30.91% | 27.08% | 225.4% | — | 21.63% | 20.3 pp |
| FY 2026 Q2 | May 3, 2026 | 24.19% | 21.52% | 280.97% | — | 17.06% | 13.6 pp |
| FY 2026 Q1 | Feb 1, 2026 | 21.08% | 18.68% | 303.4% | — | 14.9% | 10.5 pp |
| FY 2025 Q4 | Nov 2, 2025 | — | 16.9% | — | — | 13.74% | — |
| FY 2025 Q3 | Aug 3, 2025 | 17.17% | 15.19% | 1,290.29% | — | — | 6.6 pp |
| FY 2025 Q2 | May 4, 2025 | 12.11% | 13.71% | — | — | — | 1.5 pp |
| FY 2025 Q1 | Feb 2, 2025 | 9.98% | 11.68% | — | — | — | -0.6 pp |
| FY 2024 Q4 | Nov 3, 2024 | 9.57% | 12.56% | -8.77% | — | 4.94% | -1 pp |
| FY 2024 Q3 | Aug 4, 2024 | 8.1% | 12.28% | -10.44% | — | 4.25% | -2.5 pp |
| FY 2024 Q2 | May 5, 2024 | 13.42% | 11.99% | -3.07% | — | 8.32% | 2.8 pp |
| FY 2024 Q1 | Feb 4, 2024 | 14.16% | 12.72% | -1.53% | — | 9.28% | 3.6 pp |
| FY 2023 Q4 | Oct 29, 2023 | 30.59% | 24.62% | — | — | 19.28% | 20 pp |
| FY 2023 Q3 | Jul 30, 2023 | 30.18% | 24.76% | — | — | 19.48% | 19.6 pp |
| FY 2023 Q2 | Apr 30, 2023 | 29.52% | 24.56% | — | — | 19.09% | 18.9 pp |
| FY 2023 Q1 | Jan 29, 2023 | 28.05% | 22.99% | — | — | 17.51% | 17.5 pp |
| FY 2022 Q4 | Oct 30, 2022 | 25.7% | 21% | — | — | 15.45% | 15.1 pp |
| FY 2022 Q3 | Jul 31, 2022 | 22.71% | 19.13% | — | — | 13.76% | 12.1 pp |
| FY 2022 Q2 | May 1, 2022 | 20.09% | 16.74% | — | — | 12.13% | 9.5 pp |
| FY 2022 Q1 | Jan 30, 2022 | 17.5% | 14.27% | — | — | 10.43% | 6.9 pp |
| FY 2021 Q4 | Oct 31, 2021 | 15.44% | 12.27% | — | — | 8.89% | 4.8 pp |
| FY 2021 Q3 | Aug 1, 2021 | — | 10.51% | — | — | 7.82% | — |
| FY 2021 Q2 | May 2, 2021 | — | 8.81% | — | — | 6.22% | — |
| FY 2021 Q1 | Jan 31, 2021 | — | 7.16% | — | — | 5% | — |
| FY 2020 Q4 | Nov 1, 2020 | — | 6.17% | — | — | 4.13% | — |
| FY 2020 Q3 | Aug 2, 2020 | — | 5.28% | — | — | 3.33% | — |
| FY 2020 Q2 | May 3, 2020 | — | 4.95% | — | — | 3.29% | — |
| FY 2020 Q1 | Feb 2, 2020 | — | 5.26% | — | — | 3.45% | — |
| FY 2019 Q4 | Nov 3, 2019 | — | 6.36% | — | 10.45% | 4.63% | — |
| FY 2019 Q3 | Aug 4, 2019 | — | 7.37% | — | 12.22% | 4.98% | — |
| FY 2019 Q2 | May 5, 2019 | 9.16% | 7.84% | — | 12.81% | 5.52% | -1.4 pp |
| FY 2019 Q1 | Feb 3, 2019 | — | — | — | — | — | — |
| FY 2018 Q4 | Nov 4, 2018 | — | — | — | — | — | — |
| FY 2018 Q3 | Aug 5, 2018 | — | — | — | — | — | — |
| FY 2018 Q2 | May 6, 2018 | — | — | — | — | — | — |
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 · AVGO, 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.