Franklin Templeton
Franklin Templeton 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 | Jun 30, 2026 | — | — | — | 6.34% | 2.36% | — |
| FY 2026 Q2 | Mar 31, 2026 | — | — | — | 5.54% | 2.22% | — |
| FY 2026 Q1 | Dec 31, 2025 | — | — | — | 4.58% | 1.9% | — |
| FY 2025 Q4 | Sep 30, 2025 | — | — | — | 3.84% | 1.62% | — |
| FY 2025 Q3 | Jun 30, 2025 | — | — | — | 2.16% | 0.98% | — |
| FY 2025 Q2 | Mar 31, 2025 | — | — | — | 2.84% | 1.25% | — |
| FY 2025 Q1 | Dec 31, 2024 | — | — | — | 2.76% | 1.21% | — |
| FY 2024 Q4 | Sep 30, 2024 | — | — | — | 3.54% | 1.49% | — |
| FY 2024 Q3 | Jun 30, 2024 | — | — | — | 6.52% | 2.66% | — |
| FY 2024 Q2 | Mar 31, 2024 | — | — | — | 6.97% | 2.9% | — |
| FY 2024 Q1 | Dec 31, 2023 | — | — | — | 7.85% | 3.27% | — |
| FY 2023 Q4 | Sep 30, 2023 | — | — | — | 7.23% | 3.03% | — |
| FY 2023 Q3 | Jun 30, 2023 | — | — | — | 6.68% | 2.84% | — |
| FY 2023 Q2 | Mar 31, 2023 | — | — | — | 6.95% | 3.09% | — |
| FY 2023 Q1 | Dec 31, 2022 | — | — | — | 8.28% | 3.7% | — |
| FY 2022 Q4 | Sep 30, 2022 | — | — | — | 10.91% | 4.95% | — |
| FY 2022 Q3 | Jun 30, 2022 | — | — | — | 14.74% | 6.8% | — |
| FY 2022 Q2 | Mar 31, 2022 | — | — | — | 16.52% | 7.99% | — |
| FY 2022 Q1 | Dec 31, 2021 | 16.01% | — | 323.94% | 16.91% | 8.39% | 8.3 pp |
| FY 2021 Q4 | Sep 30, 2021 | 15.6% | — | 150.31% | 16.44% | 8.25% | 7.9 pp |
| FY 2021 Q3 | Jun 30, 2021 | 14.12% | — | -0.61% | 11.32% | 6.42% | 6.4 pp |
| FY 2021 Q2 | Mar 31, 2021 | 11.18% | — | -3.28% | 10.31% | 6% | 3.5 pp |
| FY 2021 Q1 | Dec 31, 2020 | 9.82% | — | -6.51% | 7.49% | 4.38% | 2.1 pp |
| FY 2020 Q4 | Sep 30, 2020 | 10.54% | — | -7.03% | 7.83% | 4.6% | 2.8 pp |
| FY 2020 Q3 | Jun 30, 2020 | 21.77% | — | — | 10.13% | 6.82% | 14.1 pp |
| FY 2020 Q2 | Mar 31, 2020 | 20.31% | — | -239.86% | 9.82% | 6.79% | 12.6 pp |
| FY 2020 Q1 | Dec 31, 2019 | 23.56% | — | -32.51% | 12.69% | 8.78% | 15.9 pp |
| FY 2019 Q4 | Sep 30, 2019 | 24.35% | — | 31.31% | 11.96% | 8.27% | 16.7 pp |
| FY 2019 Q3 | Jun 30, 2019 | 26.72% | — | 48.52% | 13.98% | 9.28% | 19 pp |
| FY 2019 Q2 | Mar 31, 2019 | 37.04% | — | 29.12% | 15.42% | 9.7% | 29.3 pp |
| FY 2019 Q1 | Dec 31, 2018 | 38.87% | — | — | 14.9% | 10.14% | 31.2 pp |
| FY 2018 Q4 | Sep 30, 2018 | 15.4% | — | — | 6.63% | 4.79% | 7.7 pp |
| FY 2018 Q3 | Jun 30, 2018 | 14.34% | — | — | 5.97% | 4.16% | 6.6 pp |
| FY 2018 Q2 | Mar 31, 2018 | 18.98% | — | — | 6.05% | 3.99% | 11.3 pp |
| FY 2018 Q1 | Dec 31, 2017 | 14.97% | — | — | 5.59% | 3.93% | 7.3 pp |
| FY 2017 Q4 | Sep 30, 2017 | 29.78% | — | — | 13.72% | 10.09% | 22.1 pp |
| FY 2017 Q3 | Jun 30, 2017 | 29.75% | — | — | 14.32% | 10.42% | 22 pp |
| FY 2017 Q2 | Mar 31, 2017 | 30.09% | — | — | 14.75% | 10.75% | 22.4 pp |
| FY 2017 Q1 | Dec 31, 2016 | 30.13% | — | — | 14.38% | 10.62% | 22.4 pp |
| FY 2016 Q4 | Sep 30, 2016 | 30.46% | — | — | 14.43% | 10.65% | 22.8 pp |
| FY 2016 Q3 | Jun 30, 2016 | 30.28% | — | — | 13.43% | 9.87% | 22.6 pp |
| FY 2016 Q2 | Mar 31, 2016 | 31.05% | — | — | 14.08% | 10.32% | 23.4 pp |
| FY 2016 Q1 | Dec 31, 2015 | 36.75% | — | -711.45% | 16.33% | 11.81% | 29.1 pp |
| FY 2015 Q4 | Sep 30, 2015 | 37.27% | — | — | 17.27% | 12.45% | 29.6 pp |
| FY 2015 Q3 | Jun 30, 2015 | 40.01% | — | 23.64% | 19.71% | 13.89% | 32.3 pp |
| FY 2015 Q2 | Mar 31, 2015 | 38.21% | — | 96.19% | 20.96% | 14.66% | 30.5 pp |
| FY 2015 Q1 | Dec 31, 2014 | 40.12% | — | — | 21.14% | 14.57% | 32.4 pp |
| FY 2014 Q4 | Sep 30, 2014 | 39.58% | — | 156.1% | 21.89% | 15.02% | 31.9 pp |
| FY 2014 Q3 | Jun 30, 2014 | 39.68% | — | — | 21.24% | 14.08% | 32 pp |
| FY 2014 Q2 | Mar 31, 2014 | 37.33% | — | — | 21.81% | 14.39% | 29.6 pp |
| FY 2014 Q1 | Dec 31, 2013 | 38.17% | — | 1,874.91% | 22.86% | 14.79% | 30.5 pp |
| FY 2013 Q4 | Sep 30, 2013 | 37.28% | — | 191.26% | 22.17% | 14.27% | 29.6 pp |
| FY 2013 Q3 | Jun 30, 2013 | 33.89% | — | — | 22.87% | 14.74% | 26.2 pp |
| FY 2013 Q2 | Mar 31, 2013 | 30.63% | — | — | 22.34% | 14.3% | 22.9 pp |
| FY 2013 Q1 | Dec 31, 2012 | 29.92% | — | — | 22.69% | 14.17% | 22.2 pp |
| FY 2012 Q4 | Sep 30, 2012 | 30.28% | — | — | 21.66% | 13.54% | 22.6 pp |
| FY 2012 Q3 | Jun 30, 2012 | 30.58% | 21.4% | 3.06% | 21.16% | 13.85% | 22.9 pp |
| FY 2012 Q2 | Mar 31, 2012 | 30.72% | 21.66% | 10.41% | 22.13% | 14.37% | 23 pp |
| FY 2012 Q1 | Dec 31, 2011 | 31.88% | 22.27% | — | 23.08% | 14.76% | 24.2 pp |
| FY 2011 Q4 | Sep 30, 2011 | 33.51% | 24% | 28.34% | 23.57% | 15.71% | 25.8 pp |
| FY 2011 Q3 | Jun 30, 2011 | 36.04% | 23.3% | — | 23.22% | 15.96% | 28.3 pp |
| FY 2011 Q2 | Mar 31, 2011 | — | 22.98% | — | 21.89% | 15.55% | — |
| FY 2011 Q1 | Dec 31, 2010 | — | 22.02% | — | 20.77% | 14.72% | — |
| FY 2010 Q4 | Sep 30, 2010 | 29.26% | 21.24% | — | 18.73% | 14.33% | 21.6 pp |
| FY 2010 Q3 | Jun 30, 2010 | — | 20.45% | — | 19.47% | 14.66% | — |
| FY 2010 Q2 | Mar 31, 2010 | — | — | — | — | — | — |
| FY 2010 Q1 | Dec 31, 2009 | — | — | — | — | — | — |
| FY 2009 Q4 | Sep 30, 2009 | — | — | — | — | — | — |
| FY 2009 Q3 | Jun 30, 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 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 · BEN, 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.