Basis: Trailing twelve months (TTM), to the latest fiscal quarter end. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the return on invested capital (ROIC) high or low?
The return on invested capital (ROIC) of 16.81% is 52% above its 5-year average of 11.05%, near the high end of its 5-year range (1.19%–17.83%).
As of the fiscal period ended Tuesday, June 30, 2026. 8.86% above its 12-month average of 15.44%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 16.81%.
RETURN ON INVESTED CAPITAL (ROIC)
16.81%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
15.44%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
12.90%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
11.05%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
7.21%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
6.52%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
7.48%
CURRENT VS TTM AVG
+8.86%
CURRENT VS 3Y AVG
+30.26%
CURRENT VS 5Y AVG
+52.15%
CURRENT VS 10Y AVG
+133.22%
CURRENT VS 15Y AVG
+157.80%
CURRENT VS 20Y AVG
+124.82%
SECTOR MEDIAN · TECHNOLOGY
2.25%
median of 533 covered companies
CURRENT VS SECTOR MEDIAN
+646.95%
vs the sector median at left
Adeia Inc.
Market Cap
$2.75B
Return on Invested Capital (ROIC)
16.81%
TTM Avg
15.44%
3Y Avg
12.90%
5Y Avg
11.05%
Market Cap
$2.76B
Return on Invested Capital (ROIC)
6.99%
TTM Avg
5.12%
3Y Avg
4.72%
5Y Avg
5.48%
Market Cap
$2.80B
Return on Invested Capital (ROIC)
6.57%
TTM Avg
6.06%
3Y Avg
5.89%
5Y Avg
4.64%
Market Cap
$2.80B
Return on Invested Capital (ROIC)
12.30%
TTM Avg
17.50%
3Y Avg
13.20%
5Y Avg
11.42%
Market Cap
$2.80B
Return on Invested Capital (ROIC)
9.74%
TTM Avg
7.68%
3Y Avg
7.16%
5Y Avg
2.80%
Market Cap
$2.82B
Return on Invested Capital (ROIC)
6.93%
TTM Avg
12.25%
3Y Avg
9.23%
5Y Avg
7.87%
Market Cap
$2.83B
Return on Invested Capital (ROIC)
5.53%
TTM Avg
-10.96%
3Y Avg
-24.95%
5Y Avg
-23.24%
Market Cap
$2.88B
Return on Invested Capital (ROIC)
-11.53%
TTM Avg
-8.28%
3Y Avg
-10.25%
5Y Avg
-12.73%
Market Cap
$2.58B
Return on Invested Capital (ROIC)
2.25%
TTM Avg
3.57%
3Y Avg
6.53%
5Y Avg
11.74%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Adeia Inc. (ADEA) | $2.75B | 16.81% | 15.44% | 12.90% | 11.05% |
| Alarm.com Holdings, Inc. (ALRM)vs › | $2.76B | 6.99% | 5.12% | 4.72% | 5.48% |
| Digi International Inc. (DGII)vs › | $2.80B | 6.57% | 6.06% | 5.89% | 4.64% |
| Teradata Corporation (TDC)vs › | $2.80B | 12.30% | 17.50% | 13.20% | 11.42% |
| Agilysys, Inc. (AGYS)vs › | $2.80B | 9.74% | 7.68% | 7.16% | 2.80% |
| Cellebrite DI Ltd. (CLBT)vs › | $2.82B | 6.93% | 12.25% | 9.23% | 7.87% |
| Appian Corporation (APPN)vs › | $2.83B | 5.53% | -10.96% | -24.95% | -23.24% |
| Intapp, Inc. (INTA)vs › | $2.88B | -11.53% | -8.28% | -10.25% | -12.73% |
| Himax Technologies, Inc. (HIMX)vs › | $2.58B | 2.25% | 3.57% | 6.53% | 11.74% |
| Bitdeer Technologies Group (BTDR)vs › | $2.58B | -8.92% | -10.88% | -11.48% | -9.39% |
ROIC
16.8%
ROE
25.7%
ROIC = NOPAT / Invested Capital, where NOPAT = Operating Income × (1 − effective tax rate) and Invested Capital = Total Assets − (Current Liabilities − Short-Term Debt)
Return on invested capital measures the after-tax operating return a company earns on the capital invested in the business. TGMCharts computes it from reported statements: trailing-twelve-month operating income after tax, over invested capital at the latest balance sheet — total assets less the non-interest-bearing current liabilities (payables, accruals, deferred revenue) that fund them; short-term debt stays in the capital base. The tax rate is the period's own effective rate (income tax ÷ pretax income), capped at 45%; when pretax income is zero or negative, or the tax line is a net benefit, no tax is deducted — the operating figure is shown untaxed rather than adjusted by an assumed rate. Not shown for banks, insurers or funds.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | RETURN ON INVESTED CAPITAL (ROIC) |
|---|---|
| 2026-06-30 | 16.81% |
| 2026-03-31 | 17.83% |
| 2025-12-31 | 16.17% |
| 2025-09-30 | 12.27% |
| 2025-06-30 | 14.11% |
| 2025-03-31 | 12.53% |
| 2024-12-31 | 10.89% |
| 2024-09-30 | 9.60% |
| 2024-06-30 | 10.03% |
| 2024-03-31 | 9.22% |
| 2023-12-31 | 11.54% |
| 2023-09-30 | 14.41% |
| 2023-06-30 | 12.31% |
| 2023-03-31 | 13.73% |
| 2022-12-31 | 13.99% |
| 2022-09-30 | 4.35% |
| 2022-06-30 | 2.49% |
| 2022-03-31 | 2.01% |
| 2021-12-31 | 1.19% |
| 2021-09-30 | 7.75% |
| 2021-06-30 | 8.88% |
| 2021-03-31 | 7.35% |
| 2020-12-31 | 7.87% |
| 2020-09-30 | -0.06% |
| 2020-06-30 | -0.58% |
| 2020-03-31 | -0.81% |
| 2019-12-31 | -6.36% |
| 2019-09-30 | 4.85% |
| 2019-06-30 | 5.43% |
| 2019-03-31 | 3.01% |
| 2018-12-31 | 2.38% |
| 2018-09-30 | -2.19% |
| 2018-06-30 | -1.12% |
| 2018-03-31 | 0.92% |
| 2017-12-31 | 0.48% |
| 2017-09-30 | -0.12% |
| 2017-06-30 | 3.24% |
| 2017-03-31 | 6.04% |
| 2016-12-31 | 6.63% |
| 2016-09-30 | 16.98% |
| 2016-06-30 | 19.38% |
| 2016-03-31 | 19.60% |
| 2015-12-31 | 22.12% |
| 2015-09-30 | 24.33% |
| 2015-06-30 | 36.54% |
| 2015-03-31 | 29.70% |
| 2014-12-31 | 30.51% |
| 2014-09-30 | 14.43% |
| 2014-06-30 | -1.57% |
| 2014-03-31 | -6.52% |
| 2013-12-31 | -33.20% |
| 2013-09-30 | -25.21% |
| 2013-06-30 | -19.63% |
| 2013-03-31 | -15.40% |
| 2012-12-31 | -6.03% |
| 2012-09-30 | -1.61% |
| 2012-06-30 | -8.17% |
| 2012-03-31 | -5.74% |
| 2011-12-31 | -1.75% |
| 2011-09-30 | 0.90% |
| 2011-06-30 | 7.47% |
| 2011-03-31 | 8.21% |
| 2010-12-31 | 8.28% |
| 2010-09-30 | 7.40% |
| 2010-06-30 | 6.66% |
| 2010-03-31 | 6.35% |
| 2009-12-31 | 11.42% |
| 2009-09-30 | 12.03% |
| 2009-06-30 | 9.61% |
| 2009-03-31 | 8.49% |
| 2008-12-31 | 1.93% |
| 2008-09-30 | 2.50% |
| 2008-06-30 | 5.21% |
| 2008-03-31 | 6.91% |
| 2007-12-31 | 8.97% |
| 2007-09-30 | 10.91% |
| 2007-06-30 | 22.08% |
| 2007-03-31 | 20.43% |
| 2006-12-31 | 18.82% |
| 2006-09-30 | 19.98% |
| 2006-06-30 | 4.71% |
| 2006-03-31 | 9.70% |
| 2005-12-31 | 16.21% |
| 2005-09-30 | 25.41% |
| 2005-06-30 | 31.48% |
| 2005-03-31 | 32.25% |
| 2004-12-31 | 26.41% |
| 2004-09-30 | 29.50% |
| 2004-06-30 | 21.98% |
| 2004-03-31 | 25.52% |
| 2003-12-31 | 33.51% |