FLEX
FLEX 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 2027 Q1 | Jun 26, 2026 | — | 13.68% | — | — | 4.39% | — |
| FY 2026 Q4 | Mar 31, 2026 | 16.32% | 14.73% | 94.68% | 17.35% | 4.35% | 8.6 pp |
| FY 2026 Q3 | Dec 31, 2025 | — | 13.55% | — | 16.85% | 4.36% | — |
| FY 2026 Q2 | Sep 26, 2025 | 16.13% | 13.51% | — | 17.45% | 4.59% | 8.4 pp |
| FY 2026 Q1 | Jun 27, 2025 | 16.51% | 13.87% | — | 17.67% | 4.83% | 8.8 pp |
| FY 2025 Q4 | Mar 31, 2025 | 15.3% | 12.81% | — | 16.23% | 4.57% | 7.6 pp |
| FY 2025 Q3 | Dec 31, 2024 | — | 10.12% | — | 18.45% | 5.23% | — |
| FY 2025 Q2 | Sep 27, 2024 | — | 10.3% | — | 17.33% | 4.78% | — |
| FY 2025 Q1 | Jun 28, 2024 | — | 11.71% | — | 18.44% | 4.96% | — |
| FY 2024 Q4 | Mar 31, 2024 | — | 8.42% | — | 18.85% | 5.07% | — |
| FY 2024 Q3 | Dec 31, 2023 | — | 12.25% | — | 14.38% | 3.65% | — |
| FY 2024 Q2 | Sep 29, 2023 | — | 12.52% | — | 15.59% | 3.78% | — |
| FY 2024 Q1 | Jun 30, 2023 | — | 12.37% | — | 16.64% | 3.85% | — |
| FY 2023 Q4 | Mar 31, 2023 | — | 12.36% | — | 16.73% | 3.89% | — |
| FY 2023 Q3 | Dec 31, 2022 | 17.43% | 12.91% | 15.51% | 20.07% | 4.19% | 9.7 pp |
| FY 2023 Q2 | Sep 30, 2022 | 17.93% | 13.04% | 3.64% | 21.21% | 4.37% | 10.2 pp |
| FY 2023 Q1 | Jul 1, 2022 | 17.4% | 11.96% | 5.33% | 24.21% | 5.08% | 9.7 pp |
| FY 2022 Q4 | Mar 31, 2022 | 17.59% | 11.7% | 24.59% | 24.75% | 5.32% | 9.9 pp |
| FY 2022 Q3 | Dec 31, 2021 | 18.48% | 12.29% | — | 28.68% | 5.96% | 10.8 pp |
| FY 2022 Q2 | Oct 1, 2021 | 19.47% | 12.78% | — | — | 6.24% | 11.8 pp |
| FY 2022 Q1 | Jul 2, 2021 | 18.09% | 12.37% | — | — | 5.06% | 10.4 pp |
| FY 2021 Q4 | Mar 31, 2021 | 16.39% | 10.98% | 54.26% | 19.56% | 4.15% | 8.7 pp |
| FY 2021 Q3 | Dec 31, 2020 | — | — | — | — | 2.83% | — |
| FY 2021 Q2 | Sep 25, 2020 | — | — | — | — | 2.22% | — |
| FY 2021 Q1 | Jun 26, 2020 | — | — | — | — | 0.66% | — |
| FY 2020 Q4 | Mar 31, 2020 | 5.68% | 6.7% | — | 3.02% | 0.64% | -2 pp |
| FY 2020 Q3 | Dec 31, 2019 | — | — | — | — | -0.18% | — |
| FY 2020 Q2 | Sep 27, 2019 | — | — | — | — | -1.25% | — |
| FY 2020 Q1 | Jun 28, 2019 | — | — | — | — | 0.15% | — |
| FY 2019 Q4 | Mar 31, 2019 | — | — | — | 3.12% | 0.69% | — |
| FY 2019 Q3 | Dec 31, 2018 | — | — | — | — | 0.99% | — |
| FY 2019 Q2 | Sep 28, 2018 | — | — | — | — | 2.13% | — |
| FY 2019 Q1 | Jun 29, 2018 | — | — | — | — | 3.07% | — |
| FY 2018 Q4 | Mar 31, 2018 | — | — | — | 15.13% | 3.26% | — |
| FY 2018 Q3 | Dec 31, 2017 | — | — | — | — | 4.02% | — |
| FY 2018 Q2 | Sep 29, 2017 | — | — | — | — | 4.17% | — |
| FY 2018 Q1 | Jun 30, 2017 | — | — | — | — | 2.65% | — |
| FY 2017 Q4 | Mar 31, 2017 | — | — | — | 12.25% | 2.56% | — |
| FY 2017 Q3 | Dec 31, 2016 | — | — | — | — | 2.27% | — |
| FY 2017 Q2 | Sep 30, 2016 | — | — | — | — | 2.48% | — |
| FY 2017 Q1 | Jul 1, 2016 | — | — | — | — | 3.57% | — |
| FY 2016 Q4 | Mar 31, 2016 | — | — | — | 18.01% | 3.69% | — |
| FY 2016 Q3 | Dec 31, 2015 | — | — | — | — | 4.12% | — |
| FY 2016 Q2 | Sep 25, 2015 | — | — | — | — | 4.25% | — |
| FY 2016 Q1 | Jun 26, 2015 | — | — | — | — | 4.45% | — |
| FY 2015 Q4 | Mar 31, 2015 | — | — | — | 26.37% | 4.94% | — |
| FY 2015 Q3 | Dec 31, 2014 | — | — | — | — | 4.08% | — |
| FY 2015 Q2 | Sep 26, 2014 | — | — | — | — | 4.19% | — |
| FY 2015 Q1 | Jun 27, 2014 | — | — | — | — | 4.13% | — |
| FY 2014 Q4 | Mar 31, 2014 | — | — | — | 16.56% | 3.16% | — |
| FY 2014 Q3 | Dec 31, 2013 | — | — | — | 11.82% | 2.28% | — |
| FY 2014 Q2 | Sep 27, 2013 | — | — | — | 6.7% | 1.32% | — |
| FY 2014 Q1 | Jun 28, 2013 | — | — | — | 8.56% | 1.68% | — |
| FY 2013 Q4 | Mar 31, 2013 | — | — | — | 12.23% | 2.56% | — |
| FY 2013 Q3 | Dec 31, 2012 | — | — | — | 18.55% | 3.78% | — |
| FY 2013 Q2 | Sep 28, 2012 | — | — | — | 21.73% | 4.26% | — |
| FY 2013 Q1 | Jun 29, 2012 | — | — | — | 21.65% | 4.19% | — |
| FY 2012 Q4 | Mar 31, 2012 | — | — | — | 21.35% | 4.31% | — |
| FY 2012 Q3 | Dec 31, 2011 | — | — | — | — | 4.3% | — |
| FY 2012 Q2 | Sep 30, 2011 | — | — | — | — | 4.85% | — |
| FY 2012 Q1 | Jul 1, 2011 | — | — | — | — | 5.2% | — |
| FY 2011 Q4 | Mar 31, 2011 | — | — | — | 27.87% | 5.35% | — |
| FY 2011 Q3 | Dec 31, 2010 | — | — | — | — | 4.59% | — |
| FY 2011 Q2 | Oct 1, 2010 | — | — | — | — | 3.68% | — |
| FY 2011 Q1 | Jul 2, 2010 | — | — | — | — | 2.68% | — |
| FY 2010 Q4 | Mar 31, 2010 | — | — | — | — | — | — |
| FY 2010 Q3 | Dec 31, 2009 | — | — | — | — | — | — |
| FY 2010 Q2 | Oct 2, 2009 | — | — | — | — | — | — |
| FY 2010 Q1 | Jul 3, 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 · FLEX, 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.