Gartner
Gartner 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 | 53.79% | 26.99% | — | 113.58% | 9.99% | 46.1 pp |
| FY 2026 Q1 | Mar 31, 2026 | 48.84% | 25.16% | — | 94.88% | 9.18% | 41.1 pp |
| FY 2025 Q4 | Dec 31, 2025 | 44.6% | 23.91% | — | 86.86% | 8.78% | 36.9 pp |
| FY 2025 Q3 | Sep 30, 2025 | 55.92% | 24.82% | — | 109.26% | 11.73% | 48.2 pp |
| FY 2025 Q2 | Jun 30, 2025 | 57.09% | 26.86% | — | 116.12% | 16.06% | 49.4 pp |
| FY 2025 Q1 | Mar 31, 2025 | 54.81% | 26.5% | — | 113.19% | 15.49% | 47.1 pp |
| FY 2024 Q4 | Dec 31, 2024 | 56.39% | 26.82% | 141.46% | 122.93% | 15.32% | 48.7 pp |
| FY 2024 Q3 | Sep 30, 2024 | 50.38% | 27.45% | — | 130.42% | 14.1% | 42.7 pp |
| FY 2024 Q2 | Jun 30, 2024 | 47.54% | 28.51% | — | 134.41% | 11.21% | 39.8 pp |
| FY 2024 Q1 | Mar 31, 2024 | 43.09% | 27.59% | — | 133.87% | 10.57% | 35.4 pp |
| FY 2023 Q4 | Dec 31, 2023 | 49.93% | 31.88% | — | 194.28% | 11.66% | 42.2 pp |
| FY 2023 Q3 | Sep 30, 2023 | 55.14% | 34.4% | — | 370.99% | 13.52% | 47.4 pp |
| FY 2023 Q2 | Jun 30, 2023 | 52.11% | 34.36% | — | 416.64% | 13.25% | 44.4 pp |
| FY 2023 Q1 | Mar 31, 2023 | 48.36% | 33.75% | — | 315.08% | 12.96% | 40.7 pp |
| FY 2022 Q4 | Dec 31, 2022 | 42.53% | 28.43% | — | 269.78% | 10.98% | 34.8 pp |
| FY 2022 Q3 | Sep 30, 2022 | 41.28% | 25.32% | — | 564.09% | 11.25% | 33.6 pp |
| FY 2022 Q2 | Jun 30, 2022 | 38% | 24.18% | — | 382.39% | 10.68% | 30.3 pp |
| FY 2022 Q1 | Mar 31, 2022 | 33.05% | 23.12% | — | 158.85% | 11.52% | 25.4 pp |
| FY 2021 Q4 | Dec 31, 2021 | 33.8% | 21.79% | — | 108.6% | 10.77% | 26.1 pp |
| FY 2021 Q3 | Sep 30, 2021 | 29.99% | 21.61% | — | 102.6% | 10.17% | 22.3 pp |
| FY 2021 Q2 | Jun 30, 2021 | 23.86% | 17.92% | — | 75.31% | 8.17% | 16.2 pp |
| FY 2021 Q1 | Mar 31, 2021 | 17.99% | 14.08% | — | 39.93% | 5.18% | 10.3 pp |
| FY 2020 Q4 | Dec 31, 2020 | 15.42% | 11.32% | — | 26.29% | 3.69% | 7.7 pp |
| FY 2020 Q3 | Sep 30, 2020 | 13.06% | 10.51% | — | 21.95% | 3.16% | 5.4 pp |
| FY 2020 Q2 | Jun 30, 2020 | 11.63% | 10.09% | — | 24.48% | 3.53% | 3.9 pp |
| FY 2020 Q1 | Mar 31, 2020 | 12.47% | 10.6% | — | 32.92% | 4.26% | 4.8 pp |
| FY 2019 Q4 | Dec 31, 2019 | 10.76% | 9.4% | — | 26.08% | 3.49% | 3.1 pp |
| FY 2019 Q3 | Sep 30, 2019 | 11.54% | 9.31% | — | 26.82% | 3.94% | 3.8 pp |
| FY 2019 Q2 | Jun 30, 2019 | 9.54% | 8.8% | — | 23.34% | 3.42% | 1.8 pp |
| FY 2019 Q1 | Mar 31, 2019 | 6.22% | 8.06% | — | 17.66% | 2.39% | -1.5 pp |
| FY 2018 Q4 | Dec 31, 2018 | 5.24% | 6.46% | — | 13.35% | 1.82% | -2.5 pp |
| FY 2018 Q3 | Sep 30, 2018 | — | 4.75% | — | 16.15% | 2.25% | — |
| FY 2018 Q2 | Jun 30, 2018 | — | 2.76% | — | 9.67% | 1.31% | — |
| FY 2018 Q1 | Mar 31, 2018 | — | -2.44% | — | -9.67% | -1.03% | — |
| FY 2017 Q4 | Dec 31, 2017 | — | -0.24% | — | 0.63% | 0.07% | — |
| FY 2017 Q3 | Sep 30, 2017 | — | 1.46% | — | -8.8% | -0.81% | — |
| FY 2017 Q2 | Jun 30, 2017 | 4.07% | 3.97% | -3.36% | 10.27% | 0.88% | -3.6 pp |
| FY 2017 Q1 | Mar 31, 2017 | 43.98% | 20.9% | -3.57% | — | 6.5% | 36.3 pp |
| FY 2016 Q4 | Dec 31, 2016 | 68.19% | 34.71% | — | — | 8.52% | 60.5 pp |
| FY 2016 Q3 | Sep 30, 2016 | 69.2% | 34.73% | — | — | 8.44% | 61.5 pp |
| FY 2016 Q2 | Jun 30, 2016 | 75.45% | 38.36% | 7.8% | — | 8.84% | 67.7 pp |
| FY 2016 Q1 | Mar 31, 2016 | 64% | 47.13% | 10.95% | — | 9.37% | 56.3 pp |
| FY 2015 Q4 | Dec 31, 2015 | 71.4% | 37.39% | -4.74% | 1,220.92% | 8.61% | 63.7 pp |
| FY 2015 Q3 | Sep 30, 2015 | 72.62% | 44.57% | -11.74% | — | 8.76% | 64.9 pp |
| FY 2015 Q2 | Jun 30, 2015 | 83.03% | 50.4% | — | 1,261.21% | 9.43% | 75.3 pp |
| FY 2015 Q1 | Mar 31, 2015 | 66.39% | 64.13% | — | 358.77% | 9.83% | 58.7 pp |
| FY 2014 Q4 | Dec 31, 2014 | 79.86% | 43.6% | — | 70.34% | 9.97% | 72.2 pp |
| FY 2014 Q3 | Sep 30, 2014 | 115.83% | 56.13% | 23.8% | 78.47% | 10.95% | 108.1 pp |
| FY 2014 Q2 | Jun 30, 2014 | 86.52% | 54.93% | 31.09% | 72.36% | 11.16% | 78.8 pp |
| FY 2014 Q1 | Mar 31, 2014 | 67.49% | 51.81% | 28.68% | 66.15% | 11.06% | 59.8 pp |
| FY 2013 Q4 | Dec 31, 2013 | 62.44% | 46.89% | — | 54.73% | 10.74% | 54.7 pp |
| FY 2013 Q3 | Sep 30, 2013 | 103.95% | 48.67% | — | 61.81% | 11.6% | 96.2 pp |
| FY 2013 Q2 | Jun 30, 2013 | 77.39% | 48.08% | — | 63.78% | 11.58% | 69.7 pp |
| FY 2013 Q1 | Mar 31, 2013 | 66.21% | 47.75% | — | 68.59% | 11.54% | 58.5 pp |
| FY 2012 Q4 | Dec 31, 2012 | 61.15% | 48.65% | 31.99% | 67.93% | 11.06% | 53.5 pp |
| FY 2012 Q3 | Sep 30, 2012 | 70.37% | 48.05% | — | 66.78% | 10.93% | 62.7 pp |
| FY 2012 Q2 | Jun 30, 2012 | 55.12% | 48.12% | — | 70.19% | 11.3% | 47.4 pp |
| FY 2012 Q1 | Mar 31, 2012 | 47.66% | 47.71% | — | 74.35% | 10.81% | 40 pp |
| FY 2011 Q4 | Dec 31, 2011 | 55.1% | 45.87% | — | 74.23% | 10.27% | 47.4 pp |
| FY 2011 Q3 | Sep 30, 2011 | 50.52% | 50.75% | — | 73.83% | 10.12% | 42.8 pp |
| FY 2011 Q2 | Jun 30, 2011 | 39.78% | 47.07% | — | 73.22% | 9.57% | 32.1 pp |
| FY 2011 Q1 | Mar 31, 2011 | — | — | — | — | — | — |
| FY 2010 Q4 | Dec 31, 2010 | — | — | — | — | — | — |
| FY 2010 Q3 | Sep 30, 2010 | — | — | — | — | — | — |
| FY 2010 Q2 | Jun 30, 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 · IT, 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.