Super Micro Computer
Super Micro Computer 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 Q4 | Jun 30, 2026 | 36.18% | 16.08% | 11.54% | 21.13% | 10.15% | 28.5 pp |
| FY 2026 Q3 | Mar 31, 2026 | 17.16% | 12.26% | — | 17.88% | 7.3% | 9.5 pp |
| FY 2026 Q2 | Dec 31, 2025 | 21.36% | 9.84% | — | 13.19% | 4.63% | 13.7 pp |
| FY 2026 Q1 | Sep 30, 2025 | — | — | — | — | — | — |
| FY 2025 Q4 | Jun 30, 2025 | — | — | — | — | — | — |
| FY 2025 Q3 | Mar 31, 2025 | — | — | — | — | — | — |
| FY 2025 Q2 | Dec 31, 2024 | — | — | — | — | — | — |
| FY 2024 Q3 | Mar 31, 2024 | 44.54% | 24.86% | 29.71% | 30.57% | 17.4% | 36.8 pp |
| FY 2024 Q2 | Dec 31, 2023 | 33.73% | 31.23% | 15.73% | 29.92% | 17.27% | 26 pp |
| FY 2024 Q1 | Sep 30, 2023 | 36.46% | 32.15% | 137.93% | 32.32% | 16.56% | 28.8 pp |
| FY 2023 Q4 | Jun 30, 2023 | 36.31% | 37.73% | 548.47% | 37.67% | 18.61% | 28.6 pp |
| FY 2023 Q3 | Mar 31, 2023 | 37.5% | 38.07% | 2,158.63% | 38.61% | 18.75% | 29.8 pp |
| FY 2023 Q2 | Dec 31, 2022 | 39.45% | 37.98% | 105.56% | 38.49% | 20.11% | 31.8 pp |
| FY 2023 Q1 | Sep 30, 2022 | 31.59% | 32.15% | 65.24% | 32.21% | 15.51% | 23.9 pp |
| FY 2022 Q4 | Jun 30, 2022 | 20.8% | 22.28% | 20.92% | 22.62% | 10.47% | 13.1 pp |
| FY 2022 Q3 | Mar 31, 2022 | 14.46% | 14.97% | 14.83% | 15.77% | 7.24% | 6.8 pp |
| FY 2022 Q2 | Dec 31, 2021 | 12.39% | 10.1% | 7.65% | 11.1% | 5.47% | 4.7 pp |
| FY 2022 Q1 | Sep 30, 2021 | 11.87% | 9.61% | — | 10.04% | 5.22% | 4.2 pp |
| FY 2021 Q4 | Jun 30, 2021 | 12.64% | 9.98% | 43.73% | 10.35% | 5.38% | 4.9 pp |
| FY 2021 Q3 | Mar 31, 2021 | — | 7.88% | — | 8.71% | 4.6% | — |
| FY 2021 Q2 | Dec 31, 2020 | — | 7.88% | — | 8.57% | 4.78% | — |
| FY 2021 Q1 | Sep 30, 2020 | — | 7.11% | — | 8.27% | 4.81% | — |
| FY 2020 Q4 | Jun 30, 2020 | — | — | — | — | — | — |
| FY 2020 Q3 | Mar 31, 2020 | — | — | — | — | — | — |
| FY 2020 Q2 | Dec 31, 2019 | — | — | — | — | — | — |
| FY 2020 Q1 | Sep 30, 2019 | — | — | — | — | — | — |
| FY 2017 Q3 | Mar 31, 2017 | 8.38% | 10.67% | -17.11% | 7.96% | 4.58% | 0.7 pp |
| FY 2017 Q2 | Dec 31, 2016 | 8.9% | 11.37% | -26.11% | 8.27% | 4.65% | 1.2 pp |
| FY 2017 Q1 | Sep 30, 2016 | 11.24% | 14.39% | -42.64% | 10.56% | 6.24% | 3.5 pp |
| FY 2016 Q4 | Jun 30, 2016 | 11.66% | 14.86% | -184.73% | 10.75% | 6.39% | 4 pp |
| FY 2016 Q3 | Mar 31, 2016 | 16.12% | 20.14% | 0.38% | 14.18% | 8.57% | 8.4 pp |
| FY 2016 Q2 | Dec 31, 2015 | 17.99% | 22.41% | 12.67% | 16.05% | 9.23% | 10.3 pp |
| FY 2016 Q1 | Sep 30, 2015 | 18.33% | 23.2% | 13.55% | 16.67% | 9.91% | 10.6 pp |
| FY 2015 Q4 | Jun 30, 2015 | 19.77% | 26.18% | 23.99% | 18.73% | 10.8% | 12.1 pp |
| FY 2015 Q3 | Mar 31, 2015 | 20.27% | 25% | 33.77% | 17.84% | 10.72% | 12.6 pp |
| FY 2015 Q2 | Dec 31, 2014 | 20.02% | 24.9% | 34.93% | 17.93% | 10.37% | 12.3 pp |
| FY 2015 Q1 | Sep 30, 2014 | 18.62% | 21.43% | 35.93% | 15.23% | 9.2% | 10.9 pp |
| FY 2014 Q4 | Jun 30, 2014 | 14.87% | 18.32% | 31.99% | 12.85% | 7.58% | 7.2 pp |
| FY 2014 Q3 | Mar 31, 2014 | 13.43% | 15.81% | 33.21% | 11.44% | 6.78% | 5.7 pp |
| FY 2014 Q2 | Dec 31, 2013 | 11.22% | 12.65% | 31.2% | 9.63% | 5.65% | 3.5 pp |
| FY 2014 Q1 | Sep 30, 2013 | 8.88% | 9.62% | — | 7.69% | 4.67% | 1.2 pp |
| FY 2013 Q4 | Jun 30, 2013 | 7.37% | 7.15% | -20.5% | 5.95% | 3.48% | -0.3 pp |
| FY 2013 Q3 | Mar 31, 2013 | 6.49% | 6.45% | — | 5.3% | 3.18% | -1.2 pp |
| FY 2013 Q2 | Dec 31, 2012 | 6.92% | 7.87% | — | 5.54% | 3.4% | -0.8 pp |
| FY 2013 Q1 | Sep 30, 2012 | 7.95% | 9.77% | — | 6.94% | 4.22% | 0.2 pp |
| FY 2012 Q4 | Jun 30, 2012 | — | — | — | — | — | — |
| FY 2012 Q3 | Mar 31, 2012 | — | — | — | — | — | — |
| FY 2012 Q2 | Dec 31, 2011 | — | — | — | — | — | — |
| FY 2012 Q1 | Sep 30, 2011 | — | — | — | — | — | — |
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 · SMCI, 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.