Return on Assets (ROA)
since 2005
Calculation
Procter & Gamble Co., ROA, long-term trends, calculation
| ROA | = | 100 | × | Net earnings attributable to Procter & Gamble1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|---|---|
| Jun 30, 2026 | 12.68% | = | 100 | × | 16,046) | ÷ | 126,521) |
| Jun 30, 2025 | 12.76% | = | 100 | × | 15,974) | ÷ | 125,231) |
| Jun 30, 2024 | 12.16% | = | 100 | × | 14,879) | ÷ | 122,370) |
| Jun 30, 2023 | 12.13% | = | 100 | × | 14,653) | ÷ | 120,829) |
| Jun 30, 2022 | 12.58% | = | 100 | × | 14,742) | ÷ | 117,208) |
| Jun 30, 2021 | 11.99% | = | 100 | × | 14,306) | ÷ | 119,307) |
| Jun 30, 2020 | 10.79% | = | 100 | × | 13,027) | ÷ | 120,700) |
| Jun 30, 2019 | 3.39% | = | 100 | × | 3,897) | ÷ | 115,095) |
| Jun 30, 2018 | 8.24% | = | 100 | × | 9,750) | ÷ | 118,310) |
| Jun 30, 2017 | 12.73% | = | 100 | × | 15,326) | ÷ | 120,406) |
| Jun 30, 2016 | 8.27% | = | 100 | × | 10,508) | ÷ | 127,136) |
| Jun 30, 2015 | 5.43% | = | 100 | × | 7,036) | ÷ | 129,495) |
| Jun 30, 2014 | 8.07% | = | 100 | × | 11,643) | ÷ | 144,266) |
| Jun 30, 2013 | 8.12% | = | 100 | × | 11,312) | ÷ | 139,263) |
| Jun 30, 2012 | 8.13% | = | 100 | × | 10,756) | ÷ | 132,244) |
| Jun 30, 2011 | 8.53% | = | 100 | × | 11,797) | ÷ | 138,354) |
| Jun 30, 2010 | 9.94% | = | 100 | × | 12,736) | ÷ | 128,172) |
| Jun 30, 2009 | 9.96% | = | 100 | × | 13,436) | ÷ | 134,833) |
| Jun 30, 2008 | 8.39% | = | 100 | × | 12,075) | ÷ | 143,992) |
| Jun 30, 2007 | 7.49% | = | 100 | × | 10,340) | ÷ | 138,014) |
| Jun 30, 2006 | 6.40% | = | 100 | × | 8,684) | ÷ | 135,695) |
| Jun 30, 2005 | 11.79% | = | 100 | × | 7,257) | ÷ | 61,527) |
Based on: 10-K (reporting date: 2026-06-30), 10-K (reporting date: 2025-06-30), 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-06-30), 10-K (reporting date: 2010-06-30), 10-K (reporting date: 2009-06-30), 10-K (reporting date: 2008-06-30), 10-K (reporting date: 2007-06-30), 10-K (reporting date: 2006-06-30), 10-K (reporting date: 2005-06-30).
1 US$ in millions
The long-term Return on Assets (ROA) exhibits a pattern of significant volatility characterized by sharp periodic declines followed by recoveries, ultimately trending toward a stabilized high performance in the most recent years. While the ROA fluctuated between a low of 3.39% and a peak of 12.76% over the analyzed period, the latter part of the timeframe shows a consistent ability to generate higher returns relative to the asset base.
- Asset Base Expansion and Initial Dilution
- A substantial decrease in ROA is observed between 2005 and 2006, falling from 11.79% to 6.40%. This decline correlates with a rapid increase in total assets, which grew from 61.5 billion to 135.7 billion within a single year. This suggests that the expansion of the asset base outpaced the growth in net earnings during this phase, leading to a temporary dilution of asset efficiency.
- Earnings-Driven Volatility
- Two primary troughs in ROA occurred in 2015 (5.43%) and 2019 (3.39%). The 2019 decline represents the lowest point in the observed period and was driven by a significant contraction in net earnings, which dropped to 3.9 billion. These fluctuations indicate periods where bottom-line profitability was severely impacted despite a relatively stable total asset base remaining between 115 billion and 144 billion.
- Operational Recovery and Stabilization
- A sustained recovery phase began in 2020, with ROA rising to 10.79% and continuing an upward trajectory to 12.76% by 2024. Throughout the period from 2020 to 2026, ROA consistently remains above 10%, coinciding with net earnings stabilizing and increasing toward 16 billion. This trend reflects improved operational efficiency and a more effective utilization of assets to generate profit.
- Comparative Performance Trends
- The data reveals a shift from a period of instability (2005–2019) to a period of high-level consistency (2020–2026). In the final seven years of the period, the ROA range is much tighter, fluctuating minimally between 10.79% and 12.76%, suggesting a mature and optimized relationship between the company's resource deployment and its earnings capacity.
AI Ask an analyst for more
Comparison to Industry (Consumer Staples)
Procter & Gamble Co., ROA, long-term trends, comparison to industry (consumer staples)
| Procter & Gamble Co. | Consumer Staples | |
|---|---|---|
| Jun 30, 2026 | 12.68% | — |
| Jun 30, 2025 | 12.76% | 9.47% |
| Jun 30, 2024 | 12.16% | 8.89% |
| Jun 30, 2023 | 12.13% | 8.28% |
| Jun 30, 2022 | 12.58% | 8.95% |
| Jun 30, 2021 | 11.99% | 8.75% |
| Jun 30, 2020 | 10.79% | 8.24% |
| Jun 30, 2019 | 3.39% | 6.41% |
| Jun 30, 2018 | 8.24% | 8.40% |
| Jun 30, 2017 | 12.73% | 7.42% |
| Jun 30, 2016 | 8.27% | 7.94% |
| Jun 30, 2015 | 5.43% | 7.69% |
| Jun 30, 2014 | 8.07% | 7.96% |
| Jun 30, 2013 | 8.12% | 8.75% |
| Jun 30, 2012 | 8.13% | 8.63% |
| Jun 30, 2011 | 8.53% | 8.89% |
| Jun 30, 2010 | 9.94% | 9.45% |
| Jun 30, 2009 | 9.96% | 9.43% |
| Jun 30, 2008 | 8.39% | 9.11% |
| Jun 30, 2007 | 7.49% | 8.07% |
| Jun 30, 2006 | 6.40% | 8.42% |
| Jun 30, 2005 | 11.79% | 9.55% |
Based on: 10-K (reporting date: 2026-06-30), 10-K (reporting date: 2025-06-30), 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-06-30), 10-K (reporting date: 2010-06-30), 10-K (reporting date: 2009-06-30), 10-K (reporting date: 2008-06-30), 10-K (reporting date: 2007-06-30), 10-K (reporting date: 2006-06-30), 10-K (reporting date: 2005-06-30).