On Semiconductor
On Semiconductor 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 | Jul 3, 2026 | — | 5.76% | — | 8.31% | 4.74% | — |
| FY 2026 Q1 | Apr 3, 2026 | — | 5.3% | — | 7.48% | 4.54% | — |
| FY 2025 Q4 | Dec 31, 2025 | 0.88% | 0.7% | — | 1.47% | 0.91% | -9.7 pp |
| FY 2025 Q3 | Oct 3, 2025 | — | 2.48% | — | 3.87% | 2.37% | — |
| FY 2025 Q2 | Jul 4, 2025 | — | 4.04% | — | 5.72% | 3.48% | — |
| FY 2025 Q1 | Apr 4, 2025 | — | 5.74% | — | 7.85% | 4.74% | — |
| FY 2024 Q4 | Dec 31, 2024 | 16.72% | 14.86% | -82.62% | 18.97% | 11.52% | 6.1 pp |
| FY 2024 Q3 | Sep 27, 2024 | — | 17.46% | — | 21.85% | 12.91% | — |
| FY 2024 Q2 | Jun 28, 2024 | — | 20.26% | — | 25.28% | 14.66% | — |
| FY 2024 Q1 | Mar 29, 2024 | — | 23.76% | — | 29.85% | 16.89% | — |
| FY 2023 Q4 | Dec 31, 2023 | 28.91% | 24.24% | 13.17% | 31.26% | 17.34% | 18.3 pp |
| FY 2023 Q3 | Sep 29, 2023 | — | 26.14% | — | 33.87% | 18.25% | — |
| FY 2023 Q2 | Jun 30, 2023 | 26.35% | 24.47% | 13.9% | 31.59% | 16.6% | 15.7 pp |
| FY 2023 Q1 | Mar 31, 2023 | 26.55% | 24.84% | 42.72% | 32.04% | 16.31% | 16 pp |
| FY 2022 Q4 | Dec 31, 2022 | 29.7% | 26.22% | 501.27% | 35.31% | 17.61% | 19.1 pp |
| FY 2022 Q3 | Sep 30, 2022 | 29.01% | 25.37% | 171.2% | 35.25% | 17.2% | 18.4 pp |
| FY 2022 Q2 | Jul 1, 2022 | 28.33% | 26.03% | — | 37.53% | 17.76% | 17.7 pp |
| FY 2022 Q1 | Apr 1, 2022 | 24.83% | 23.27% | — | 33.61% | 15.39% | 14.2 pp |
| FY 2021 Q4 | Dec 31, 2021 | 18.29% | 17.08% | — | 24.86% | 11.04% | 7.7 pp |
| FY 2021 Q3 | Oct 1, 2021 | 13.62% | 13.05% | — | 17.83% | 7.39% | 3 pp |
| FY 2021 Q2 | Jul 2, 2021 | — | 9.33% | — | 14.92% | 5.78% | — |
| FY 2021 Q1 | Apr 2, 2021 | — | 6.25% | — | 9.88% | 3.75% | — |
| FY 2020 Q4 | Dec 31, 2020 | — | 5.13% | — | 6.85% | 2.74% | — |
| FY 2020 Q3 | Oct 2, 2020 | — | 4.57% | — | 6.08% | 2.27% | — |
| FY 2020 Q2 | Jul 3, 2020 | — | 2.09% | — | -0.6% | -0.22% | — |
| FY 2020 Q1 | Apr 3, 2020 | 4.14% | 3.9% | -47.76% | 2.61% | 0.98% | -6.5 pp |
| FY 2019 Q4 | Dec 31, 2019 | 6.12% | 6.8% | -32.32% | 6.54% | 2.64% | -4.5 pp |
| FY 2019 Q3 | Sep 27, 2019 | 8.06% | 8.19% | — | 10.03% | 4.03% | -2.5 pp |
| FY 2019 Q2 | Jun 28, 2019 | 11.65% | 12.67% | — | 17.28% | 6.93% | 1.1 pp |
| FY 2019 Q1 | Mar 29, 2019 | 13.65% | 14.54% | — | 19.65% | 8.12% | 3 pp |
| FY 2018 Q4 | Dec 31, 2018 | 14.58% | 14.23% | — | 21.09% | 8.49% | 4 pp |
| FY 2018 Q3 | Sep 28, 2018 | — | 13.72% | — | 36.79% | 13.9% | — |
| FY 2018 Q2 | Jun 29, 2018 | — | 13.36% | — | 36.12% | 13.21% | — |
| FY 2018 Q1 | Mar 30, 2018 | — | 12.72% | — | 35.56% | 12.55% | — |
| FY 2017 Q4 | Dec 31, 2017 | — | 12.15% | — | 35.23% | 11.48% | — |
| FY 2017 Q3 | Sep 29, 2017 | 11.5% | 10.64% | — | 19.87% | 5.74% | 0.9 pp |
| FY 2017 Q2 | Jun 30, 2017 | 7.94% | 8.54% | — | 15.44% | 4.53% | -2.7 pp |
| FY 2017 Q1 | Mar 31, 2017 | 9.28% | 8.93% | 3.91% | 12.36% | 4.28% | -1.3 pp |
| FY 2016 Q4 | Dec 31, 2016 | — | 5.86% | — | 10.61% | 3.37% | — |
| FY 2016 Q3 | Sep 30, 2016 | 4.28% | 5.97% | -1.89% | 7.62% | 2.33% | -6.3 pp |
| FY 2016 Q2 | Jul 1, 2016 | 6.99% | 6.96% | 2.98% | 9.79% | 3.23% | -3.6 pp |
| FY 2016 Q1 | Apr 1, 2016 | 10.04% | 9.3% | 30.18% | 11.48% | 4.92% | -0.6 pp |
| FY 2015 Q4 | Dec 31, 2015 | 10.48% | 9.65% | — | 12.75% | 5.36% | -0.1 pp |
| FY 2015 Q3 | Oct 2, 2015 | 7.82% | 8.1% | -98.35% | 9.47% | 3.87% | -2.8 pp |
| FY 2015 Q2 | Jul 3, 2015 | 8.27% | 8.17% | -17.74% | 9.16% | 4% | -2.3 pp |
| FY 2015 Q1 | Apr 3, 2015 | 10.46% | 8.62% | 0.96% | 11.83% | 5.24% | -0.1 pp |
| FY 2014 Q4 | Dec 31, 2014 | — | 8.77% | — | 12.32% | 5.36% | — |
| FY 2014 Q3 | Sep 26, 2014 | 11.47% | 10.49% | — | 13.93% | 6.08% | 0.9 pp |
| FY 2014 Q2 | Jun 27, 2014 | 13.47% | 11.58% | — | 14.92% | 6.81% | 2.9 pp |
| FY 2014 Q1 | Mar 28, 2014 | 11.73% | 10.53% | — | 12.91% | 5.72% | 1.1 pp |
| FY 2013 Q4 | Dec 31, 2013 | 9.69% | 9.2% | — | 10.71% | 4.58% | -0.9 pp |
| FY 2013 Q3 | Sep 27, 2013 | — | 0.98% | — | -1.08% | -0.47% | — |
| FY 2013 Q2 | Jun 28, 2013 | — | 0.07% | — | -3.75% | -1.58% | — |
| FY 2013 Q1 | Mar 29, 2013 | — | -0.89% | — | -6.65% | -2.72% | — |
| FY 2012 Q4 | Dec 31, 2012 | — | -0.66% | — | -6.4% | -2.51% | — |
| FY 2012 Q3 | Sep 28, 2012 | 2.23% | 5.42% | -114.6% | 2.58% | 1.01% | -8.4 pp |
| FY 2012 Q2 | Jun 29, 2012 | — | 3.45% | — | -1.5% | -0.58% | — |
| FY 2012 Q1 | Mar 30, 2012 | — | 4.53% | — | 0.73% | 0.28% | — |
| FY 2011 Q4 | Dec 31, 2011 | 2.42% | 4.71% | -79.63% | 0.82% | 0.34% | -8.2 pp |
| FY 2011 Q3 | Sep 30, 2011 | 7.58% | 6.86% | — | 9.16% | 3.8% | -3 pp |
| FY 2011 Q2 | Jul 1, 2011 | 19.56% | 11.71% | — | 19.3% | 7.91% | 9 pp |
| FY 2011 Q1 | Apr 1, 2011 | — | — | — | — | — | — |
| FY 2010 Q4 | Dec 31, 2010 | — | — | — | — | — | — |
| FY 2010 Q3 | Oct 1, 2010 | — | — | — | — | — | — |
| FY 2010 Q2 | Jul 2, 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 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 · ON, 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.