The highest return on capital employed

Return on capital employed

Ranked from the filings of the companies this site has read, under . 50 of them report a figure for this; the rest are absent rather than ranked last, because a filing that does not carry a number is not a company that scores badly on it.

#CompanyROCE
1 Neptune Insurance Holdings Inc. NP 416.86%
2 Gubra A/S GUBRA.CO 174.13%
3 Booking Holdings Inc. BKNG 107.82%
4 FAIR ISAAC CORP FICO 95.68%
5 The Chemours Company CC 90.96%
6 LexinFintech Holdings Ltd. LX 76.20%
7 UBIQUITI INC. UI 75.43%
8 AppLovin Corporation APP 75.39%
9 NVIDIA CORP NVDA 75.27%
10 Apple Inc. AAPL 66.20%
11 Mastercard Incorporated MA 62.61%
12 YUM! BRANDS, INC. YUM 61.57%
13 Micron Technology, Inc. MU 51.68%
14 ADOBE INC. ADBE 50.91%
15 ZEALAND PHARMA A/S ZEAL.CO 46.72%
16 LAM RESEARCH CORPORATION LRCX 46.61%
17 O REILLY AUTOMOTIVE INC ORLY 46.48%
18 MSCI INC. MSCI 46.43%
19 EXPEDITORS INTERNATIONAL OF WASHINGTON, INC. EXPD 45.95%
20 Orion Oyj 5A40.F 43.57%
21 ASML HOLDING NV ASML 42.97%
22 Altria Group, Inc. MO 42.86%
23 KLA CORP KLAC 41.48%
24 ILLINOIS TOOL WORKS INC ITW 41.40%
25 FORTINET, INC. FTNT 40.58%
26 AUTOMATIC DATA PROCESSING, INC. ADP 40.40%
27 Pandora A/S PNDORA.CO 40.18%
28 VISA INC. V 39.86%
29 ETSY, INC ETSY 39.12%
30 NOVO NORDISK A/S NVO 39.01%
31 Philip Morris International Inc. PM 38.48%
32 NOVO NORDISK A/S NOVO-B.CO 38.21%
33 ELI LILLY AND COMPANY LLY 37.09%
34 InterContinental Hotels Group PLC IHG 36.92%
35 McKESSON CORPORATION MCK 36.14%
36 CHEMOMETEC A/S CHEMM.CO 35.83%
37 TERADYNE, INC. TER 35.40%
38 KONE OYJ KNEBV.HE 35.36%
39 AngloGold Ashanti plc AU 35.17%
40 RELX PLC REL.L 34.57%
41 RELX PLC RELX 34.57%
42 SOUTHEAST AIRPORT GROUP ASR 34.54%
43 Marimekko Oyj MEKKO.HE 33.19%
44 AUTOZONE INC AZO 33.18%
45 THE TJX COMPANIES, INC. TJX 32.39%
46 CHEWY, INC. CHWY 31.89%
47 ARGAN INC AGX 31.67%
48 Gartner, Inc. IT 31.59%
49 HERMES INTERNATIONAL HMI.DE 31.08%
50 NETFLIX INC NFLX 30.99%

How this measure is worked out

Operating income ÷ (total assets − current liabilities) × 100

Capital employed is everything the company owns less what it owes within the year, so it counts the whole asset base rather than only the part funded by investors. Return on capital nets cash out and counts only the funded part; this one does neither, which is why it reads lower for the same company.

a wider base than return on invested capital, so it reads lower for the same filer. Not moved by how the balance sheet is funded, which return on equity is

More about ROCE, and the XBRL tags behind it

What this ranking is not

It is not advice, and a high place is not a recommendation. A company can lead on one measure and fail on every other; that is the reason this site scores five dimensions rather than one and lets you weigh them yourself.

It also ranks only what has been read. A company whose filings are not in this database cannot appear here however well it would have done, and a company whose filing does not tag this figure is absent rather than last.

Worked out on 2026-08-24.

Every other measure ranked · All 61 measures explained