Intel
Intel 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 27, 2026 | — | -0.05% | — | -12.18% | -5.72% | — |
| FY 2026 Q1 | Mar 28, 2026 | — | -2.98% | — | -3.01% | -1.6% | — |
| FY 2025 Q4 | Dec 27, 2025 | -0.02% | -1.3% | — | -0.25% | -0.13% | -10.6 pp |
| FY 2025 Q3 | Sep 27, 2025 | — | -1.44% | — | 0.19% | 0.1% | — |
| FY 2025 Q2 | Jun 28, 2025 | — | -7.31% | — | -19.24% | -10.28% | — |
| FY 2025 Q1 | Mar 29, 2025 | — | -6.7% | — | -18.66% | -9.97% | — |
| FY 2024 Q4 | Dec 28, 2024 | — | -7.2% | — | -18.31% | -9.67% | — |
| FY 2024 Q3 | Sep 28, 2024 | — | -5.97% | — | -15.85% | -8.35% | — |
| FY 2024 Q2 | Jun 29, 2024 | — | -0.27% | — | 0.9% | 0.5% | — |
| FY 2024 Q1 | Mar 30, 2024 | — | 0.3% | — | 3.99% | 2.15% | — |
| FY 2023 Q4 | Dec 30, 2023 | — | 0.06% | — | 1.63% | 0.9% | — |
| FY 2023 Q3 | Sep 30, 2023 | — | -2.36% | — | -1.63% | -0.9% | — |
| FY 2023 Q2 | Jul 1, 2023 | — | -2.51% | — | -0.91% | -0.52% | — |
| FY 2023 Q1 | Apr 1, 2023 | — | -2.28% | — | -2.84% | -1.58% | — |
| FY 2022 Q4 | Dec 31, 2022 | — | 1.6% | — | 8.14% | 4.57% | — |
| FY 2022 Q3 | Oct 1, 2022 | — | 5.92% | — | 14% | 7.76% | — |
| FY 2022 Q2 | Jul 2, 2022 | — | 10.15% | — | 20.5% | 11.76% | — |
| FY 2022 Q1 | Apr 2, 2022 | — | 14.7% | — | 26.92% | 15.06% | — |
| FY 2021 Q4 | Dec 25, 2021 | — | 14.45% | — | 22.52% | 12.36% | — |
| FY 2021 Q3 | Sep 25, 2021 | 15.54% | 15.56% | -21.26% | 25.63% | 13.47% | 4.9 pp |
| FY 2021 Q2 | Jun 26, 2021 | 14.84% | 15.54% | -131.84% | 22.19% | 12.08% | 4.2 pp |
| FY 2021 Q1 | Mar 27, 2021 | 15.7% | 16.25% | -84.94% | 23.82% | 12.47% | 5.1 pp |
| FY 2020 Q4 | Dec 26, 2020 | 18.45% | 19.52% | 4.9% | 26.36% | 14.43% | 7.9 pp |
| FY 2020 Q3 | Sep 26, 2020 | 20.33% | 21.21% | 21.55% | 29.5% | 15.73% | 9.7 pp |
| FY 2020 Q2 | Jun 27, 2020 | 21.16% | 21.55% | 22.91% | 30.15% | 16.7% | 10.6 pp |
| FY 2020 Q1 | Mar 28, 2020 | 21.25% | 21.25% | 16.02% | 30.31% | 16.41% | 10.7 pp |
| FY 2019 Q4 | Dec 28, 2019 | 19.26% | 19.54% | -40.24% | 27.68% | 15.92% | 8.7 pp |
| FY 2019 Q3 | Sep 28, 2019 | 19.67% | 19.75% | 147.3% | 26.54% | 14.76% | 9.1 pp |
| FY 2019 Q2 | Jun 29, 2019 | 20.39% | 20.38% | 151.69% | 27.24% | 15.38% | 9.8 pp |
| FY 2019 Q1 | Mar 30, 2019 | 21.34% | 21.01% | 292.84% | 28.61% | 15.94% | 10.7 pp |
| FY 2018 Q4 | Dec 29, 2018 | 22.12% | 21.47% | 228.76% | 29.33% | 16.76% | 11.5 pp |
| FY 2018 Q3 | Sep 29, 2018 | 15.19% | 20.91% | 72.77% | 21.3% | 11.88% | 4.6 pp |
| FY 2018 Q2 | Jun 30, 2018 | 12.96% | 19.13% | -3.17% | 19.17% | 10.71% | 2.4 pp |
| FY 2018 Q1 | Mar 31, 2018 | 10.59% | 18.53% | -17.02% | 16.19% | 9.08% | -0 pp |
| FY 2017 Q4 | Dec 30, 2017 | 9.49% | 18.04% | -27.99% | 14.2% | 8.12% | -1.1 pp |
| FY 2017 Q3 | Sep 30, 2017 | 14.04% | 17.19% | 31.35% | 20.66% | 11.58% | 3.4 pp |
| FY 2017 Q2 | Jul 1, 2017 | 13.91% | 16.88% | 83.28% | 19.56% | 10.96% | 3.3 pp |
| FY 2017 Q1 | Apr 1, 2017 | 12.82% | 15.26% | -10.32% | 17.55% | 10.16% | 2.2 pp |
| FY 2016 Q4 | Dec 31, 2016 | 13.3% | 14.27% | -5.63% | 16.21% | 9.53% | 2.7 pp |
| FY 2016 Q3 | Oct 1, 2016 | 13.03% | 14.4% | -6.1% | 17.25% | 9.84% | 2.4 pp |
| FY 2016 Q2 | Jul 2, 2016 | 12.87% | 14.73% | -8.04% | 16.96% | 10.08% | 2.3 pp |
| FY 2016 Q1 | Apr 2, 2016 | 15.47% | 17.18% | -0.54% | 19.77% | 11.77% | 4.9 pp |
| FY 2015 Q4 | Dec 26, 2015 | 16.61% | 17.15% | -8.13% | 19.53% | 11.71% | 6 pp |
| FY 2015 Q3 | Sep 26, 2015 | 16.22% | 17.79% | 13.08% | 20.27% | 12.12% | 5.6 pp |
| FY 2015 Q2 | Jun 27, 2015 | 16.77% | 18.53% | — | 19.97% | 12.81% | 6.2 pp |
| FY 2015 Q1 | Mar 28, 2015 | 17.65% | 20.21% | — | 20.83% | 12.97% | 7 pp |
| FY 2014 Q4 | Dec 27, 2014 | 17.09% | 19.84% | 201.81% | 20.51% | 12.7% | 6.5 pp |
| FY 2014 Q3 | Sep 27, 2014 | 16.1% | 18.96% | 61.66% | 19.13% | 11.78% | 5.5 pp |
| FY 2014 Q2 | Jun 28, 2014 | 14.78% | 17.43% | 5.98% | 18.22% | 11.61% | 4.2 pp |
| FY 2014 Q1 | Mar 29, 2014 | 14.53% | 16.41% | — | 17.4% | 10.86% | 3.9 pp |
| FY 2013 Q4 | Dec 28, 2013 | 15.35% | 16.36% | -14.77% | 17.58% | 10.89% | 4.7 pp |
| FY 2013 Q3 | Sep 28, 2013 | 15.69% | 17.1% | — | 18.07% | 11.47% | 5.1 pp |
| FY 2013 Q2 | Jun 29, 2013 | 16.57% | 17.98% | — | 18.49% | 12.01% | 6 pp |
| FY 2013 Q1 | Mar 30, 2013 | — | 20.35% | — | 21.05% | 13.31% | — |
| FY 2012 Q4 | Dec 29, 2012 | 20.76% | 22.43% | -23.63% | 22.66% | 14.16% | 10.2 pp |
| FY 2012 Q3 | Sep 29, 2012 | — | 26.55% | — | 24.94% | 16.41% | — |
| FY 2012 Q2 | Jun 30, 2012 | — | 28.97% | — | 25.42% | 17.9% | — |
| FY 2012 Q1 | Mar 31, 2012 | — | 30.09% | — | 26.61% | 18.23% | — |
| FY 2011 Q4 | Dec 31, 2011 | 27% | 30.95% | — | 27.15% | 19.27% | 16.4 pp |
| FY 2011 Q3 | Oct 1, 2011 | — | 30.62% | — | 27.21% | 19.46% | — |
| FY 2011 Q2 | Jul 2, 2011 | — | 30.81% | — | 25.91% | 19.79% | — |
| FY 2011 Q1 | Apr 2, 2011 | — | 32.32% | — | 27% | 20.08% | — |
| FY 2010 Q4 | Dec 25, 2010 | — | 31.38% | — | 25.16% | 19.72% | — |
| FY 2010 Q3 | Sep 25, 2010 | — | 29.6% | — | 24.37% | 18.94% | — |
| FY 2010 Q2 | Jun 26, 2010 | — | 27.26% | — | 22.3% | 17.74% | — |
| FY 2010 Q1 | Mar 27, 2010 | — | — | — | — | — | — |
| FY 2009 Q4 | Dec 26, 2009 | — | — | — | — | — | — |
| FY 2009 Q3 | Sep 26, 2009 | — | — | — | — | — | — |
| FY 2009 Q2 | Jun 27, 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 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 · INTC, 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.