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Alphabet Inc. GOOGL Return on invested capital

Return on invested capital at other companies

International Business Machines logo
International Business MachinesIBM
13.2%+4.1pp
Apple logo
AppleAAPL
94.3%+17.4pp
Microsoft logo
MicrosoftMSFT
25.6%-2.0pp
Amazon logo
AmazonAMZN
17.8%+0.4pp
Netflix logo
NetflixNFLX
37.8%+4.9pp
Booking Holdings Inc. logo
Booking Holdings Inc.BKNG
232.5%+155pp

Other financials

Income statement

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Revenue$119.80B+24.2%
Gross profit$73.9B+28.7%
Operating income$40.8B+30.4%
Net income$112.19B+298%
EPS (diluted)$9.11+294%

Balance sheet

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Cash & equivalents$55.9B+166%
Total debt$120.79B+190%
Total equity$640.48B+76.5%
Total assets$921.98B+83.6%

Cash flow

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Operating cash flow$39.1B+40.8%
CapEx$44.9B+100%
Free cash flow$10.1B-46.6%

Valuation

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Market cap$4.36T+84.2%
Enterprise value$4.43T+85.4%
P/E17.9×-2.6×
P/S9.8×+3.4×

Profitability

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Gross margin60.9%+2.0pp
Operating margin33.1%+0.4pp
Net margin54.8%+23.7pp
FCF margin15.2%-5.6pp

Returns & leverage

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Return on equity48.7%+13.8pp
Debt / equity0.2×+0.1×
Current ratio2.7×+0.8×

Where this comes from

Calculated from Alphabet Inc.’s reported figures.

Based on trailing twelve months.

The source filing: Alphabet Inc.’s 10-Q, filed July 23, 2026. Open the filing →

Filed
Jul 22, 2026, 9:15 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001652044-26-000071

FAQ

What is Alphabet Inc.'s return on invested capital?
Alphabet Inc. (GOOGL) reported return on invested capital of 22.1% in Q2 2026.
How has Alphabet Inc.'s return on invested capital changed year-over-year?
Alphabet Inc.'s return on invested capital decreased by 25.8% year-over-year, from 29.8% to 22.1%.
What is the long-term trend for Alphabet Inc.'s return on invested capital?
Over 5 years (2020 to 2025), Alphabet Inc.'s return on invested capital has grown at a 10.1% compound annual growth rate (CAGR), from 17% to 27.5%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.

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