BALL
BALL 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 Q2 | Jun 30, 2026 | — | — | — | 17.29% | 4.9% | — |
| FY 2026 Q1 | Mar 31, 2026 | — | — | — | 16.9% | 4.98% | — |
| FY 2025 Q4 | Dec 31, 2025 | — | — | — | 16.17% | 4.93% | — |
| FY 2025 Q3 | Sep 30, 2025 | — | — | — | 11.21% | 3.65% | — |
| FY 2025 Q2 | Jun 30, 2025 | — | — | — | 9.18% | 3% | — |
| FY 2025 Q1 | Mar 31, 2025 | — | — | — | 7.84% | 2.67% | — |
| FY 2024 Q4 | Dec 31, 2024 | — | — | — | 83.23% | 21.74% | — |
| FY 2024 Q3 | Sep 30, 2024 | — | — | — | 78.98% | 21.66% | — |
| FY 2024 Q2 | Jun 30, 2024 | — | — | — | 78.15% | 21.48% | — |
| FY 2024 Q1 | Mar 31, 2024 | 7.95% | 8.33% | — | 77.01% | 21.08% | 0.2 pp |
| FY 2023 Q4 | Dec 31, 2023 | 9.14% | 9.79% | — | 19.56% | 3.63% | 1.4 pp |
| FY 2023 Q3 | Sep 30, 2023 | 8.25% | 8.57% | -62.02% | 16.39% | 3.07% | 0.5 pp |
| FY 2023 Q2 | Jun 30, 2023 | 9.37% | 9.82% | 34.43% | 21.83% | 3.91% | 1.7 pp |
| FY 2023 Q1 | Mar 31, 2023 | 6.14% | 6.81% | -76.72% | 11.94% | 2.27% | -1.6 pp |
| FY 2022 Q4 | Dec 31, 2022 | 8.74% | 9.11% | -8.95% | 20.29% | 3.69% | 1 pp |
| FY 2022 Q3 | Sep 30, 2022 | 10.7% | 10.09% | 19.3% | 26.76% | 4.84% | 3 pp |
| FY 2022 Q2 | Jun 30, 2022 | 8.46% | 8.1% | -6.5% | 21.06% | 3.78% | 0.8 pp |
| FY 2022 Q1 | Mar 31, 2022 | 11.61% | 11.67% | 27.97% | 30.42% | 5.78% | 3.9 pp |
| FY 2021 Q4 | Dec 31, 2021 | 10.58% | 9.37% | 21.39% | 25.44% | 4.63% | 2.9 pp |
| FY 2021 Q3 | Sep 30, 2021 | 9.74% | 8.87% | 25.17% | 24.52% | 4.36% | 2 pp |
| FY 2021 Q2 | Jun 30, 2021 | 10.2% | 10.45% | 41.01% | 27.18% | 4.86% | 2.5 pp |
| FY 2021 Q1 | Mar 31, 2021 | 9.38% | 8.99% | 22.31% | 24.89% | 4.4% | 1.7 pp |
| FY 2020 Q4 | Dec 31, 2020 | 9.13% | 7.84% | 4.82% | 18.8% | 3.27% | 1.4 pp |
| FY 2020 Q3 | Sep 30, 2020 | 7.78% | 7.11% | — | 16.57% | 2.92% | 0.1 pp |
| FY 2020 Q2 | Jun 30, 2020 | 6.47% | 5.79% | — | 11.86% | 2% | -1.2 pp |
| FY 2020 Q1 | Mar 31, 2020 | 7.67% | 6.81% | — | 15.28% | 2.64% | -0 pp |
| FY 2019 Q4 | Dec 31, 2019 | 8.85% | 7.69% | — | 17.67% | 3.16% | 1.1 pp |
| FY 2019 Q3 | Sep 30, 2019 | 8.76% | 7.36% | 175.57% | 15.9% | 3.39% | 1.1 pp |
| FY 2019 Q2 | Jun 30, 2019 | 7.47% | 7.49% | — | 14.26% | 3.01% | -0.2 pp |
| FY 2019 Q1 | Mar 31, 2019 | 6.47% | 6.96% | — | 11.77% | 2.57% | -1.2 pp |
| FY 2018 Q4 | Dec 31, 2018 | 6.57% | 7.33% | — | 12.27% | 2.69% | -1.1 pp |
| FY 2018 Q3 | Sep 30, 2018 | 5.96% | 8.31% | — | 12.89% | 2.77% | -1.7 pp |
| FY 2018 Q2 | Jun 30, 2018 | 5.9% | 6.92% | — | 12.04% | 2.66% | -1.8 pp |
| FY 2018 Q1 | Mar 31, 2018 | 5.45% | 6.38% | — | 11.27% | 2.53% | -2.2 pp |
| FY 2017 Q4 | Dec 31, 2017 | 5.18% | 6.11% | — | 10.14% | 2.28% | -2.5 pp |
| FY 2017 Q3 | Sep 30, 2017 | 3.91% | 4.7% | — | 7.37% | 1.61% | -3.8 pp |
| FY 2017 Q2 | Jun 30, 2017 | 3.52% | 4.52% | — | 6.82% | 1.08% | -4.2 pp |
| FY 2017 Q1 | Mar 31, 2017 | — | 6.77% | — | 20.87% | 3.48% | — |
| FY 2016 Q4 | Dec 31, 2016 | — | 4.44% | — | 11.22% | 2.05% | — |
| FY 2016 Q3 | Sep 30, 2016 | — | 4.23% | — | 12.53% | 2.25% | — |
| FY 2016 Q2 | Jun 30, 2016 | — | 3.66% | — | 12.76% | 1.98% | — |
| FY 2016 Q1 | Mar 31, 2016 | — | 5.49% | — | 13.26% | 1.67% | — |
| FY 2015 Q4 | Dec 31, 2015 | 10.21% | 9.17% | -5.91% | 24.59% | 3.49% | 2.5 pp |
| FY 2015 Q3 | Sep 30, 2015 | 12.64% | 11.11% | — | 26.83% | 4.26% | 4.9 pp |
| FY 2015 Q2 | Jun 30, 2015 | 13.64% | 13.35% | — | 34.49% | 5.44% | 5.9 pp |
| FY 2015 Q1 | Mar 31, 2015 | 13.64% | 12.94% | — | 39.32% | 5.46% | 5.9 pp |
| FY 2014 Q4 | Dec 31, 2014 | 14.94% | 14.64% | — | 42.1% | 6.47% | 7.2 pp |
| FY 2014 Q3 | Sep 30, 2014 | 15.49% | 16% | — | 44.24% | 7.1% | 7.8 pp |
| FY 2014 Q2 | Jun 30, 2014 | 14.76% | 15.57% | — | 43.55% | 6.64% | 7.1 pp |
| FY 2014 Q1 | Mar 31, 2014 | 13.98% | 14.55% | — | 39.76% | 5.93% | 6.3 pp |
| FY 2013 Q4 | Dec 31, 2013 | 13.4% | 13.58% | 9.18% | 35.15% | 5.68% | 5.7 pp |
| FY 2013 Q3 | Sep 30, 2013 | 11.78% | 12.01% | -17.14% | 28.25% | 4.88% | 4.1 pp |
| FY 2013 Q2 | Jun 30, 2013 | 11.88% | 12.37% | -24.51% | 31.14% | 4.84% | 4.2 pp |
| FY 2013 Q1 | Mar 31, 2013 | 12.1% | 12.76% | -195.14% | 34.25% | 5.38% | 4.4 pp |
| FY 2012 Q4 | Dec 31, 2012 | 13.8% | 14.05% | -3.06% | 34.58% | 5.77% | 6.1 pp |
| FY 2012 Q3 | Sep 30, 2012 | 13.09% | 13.95% | — | 31.07% | — | 5.4 pp |
| FY 2012 Q2 | Jul 1, 2012 | 13.02% | 13.88% | — | 31.76% | — | 5.3 pp |
| FY 2012 Q1 | Apr 1, 2012 | — | 13.93% | — | 32.5% | — | — |
| FY 2011 Q4 | Dec 31, 2011 | 14.15% | 15.25% | — | 30.86% | 6.25% | 6.5 pp |
| FY 2011 Q3 | Oct 2, 2011 | — | 15.81% | — | 30.44% | 6.39% | — |
| FY 2011 Q2 | Jul 3, 2011 | — | 15.84% | — | 36.64% | 7.66% | — |
| FY 2011 Q1 | Apr 3, 2011 | — | — | — | — | — | — |
| FY 2010 Q4 | Dec 31, 2010 | — | — | — | — | — | — |
| FY 2010 Q3 | Sep 26, 2010 | — | — | — | — | — | — |
| FY 2010 Q2 | Jun 27, 2010 | — | — | — | — | — | — |
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 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 · BALL, 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.