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 21.19% is 29% above its 5-year average of 16.45%, near the high end of its 5-year range (10.98%–22.18%).
As of the fiscal period ended Friday, July 31, 2026. 7.55% above its 12-month average of 19.70%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2027 (2026-07-31): 21.19%.
RETURN ON INVESTED CAPITAL (ROIC)
21.19%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
19.70%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
17.70%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
16.45%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
6.46%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
6.99%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
10.10%
CURRENT VS TTM AVG
+7.55%
CURRENT VS 3Y AVG
+19.71%
CURRENT VS 5Y AVG
+28.79%
CURRENT VS 10Y AVG
+227.90%
CURRENT VS 15Y AVG
+203.23%
CURRENT VS 20Y AVG
+109.83%
SECTOR MEDIAN · TECHNOLOGY
8.17%
median of 193 covered companies
CURRENT VS SECTOR MEDIAN
+159.36%
vs the sector median at left
Autodesk, Inc.
Market Cap
$44.85B
Return on Invested Capital (ROIC)
21.19%
TTM Avg
19.70%
3Y Avg
17.70%
5Y Avg
16.45%
Market Cap
$45.98B
Return on Invested Capital (ROIC)
1.88%
TTM Avg
3.59%
3Y Avg
12.69%
5Y Avg
12.76%
Market Cap
$43.33B
Return on Invested Capital (ROIC)
-0.07%
TTM Avg
-3.67%
3Y Avg
-17.72%
5Y Avg
-16.03%
Market Cap
$42.63B
Return on Invested Capital (ROIC)
10.40%
TTM Avg
9.27%
3Y Avg
9.56%
5Y Avg
11.34%
Market Cap
$47.14B
Return on Invested Capital (ROIC)
4.78%
TTM Avg
6.63%
3Y Avg
3.67%
5Y Avg
2.70%
Market Cap
$47.20B
Return on Invested Capital (ROIC)
0.22%
TTM Avg
-2.17%
3Y Avg
-6.29%
5Y Avg
-2.37%
Market Cap
$48.55B
Return on Invested Capital (ROIC)
-0.36%
TTM Avg
1.00%
3Y Avg
0.55%
5Y Avg
0.55%
Market Cap
$48.64B
Return on Invested Capital (ROIC)
11.40%
TTM Avg
4.37%
3Y Avg
1.96%
5Y Avg
0.29%
Market Cap
$40.29B
Return on Invested Capital (ROIC)
5.01%
TTM Avg
2.13%
3Y Avg
8.76%
5Y Avg
8.73%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Autodesk, Inc. (ADSK) | $44.85B | 21.19% | 19.70% | 17.70% | 16.45% |
| STMicroelectronics N.V. (STM)vs › | $45.98B | 1.88% | 3.59% | 12.69% | 12.76% |
| Strategy Inc (MSTR)vs › | $43.33B | -0.07% | -3.67% | -17.72% | -16.03% |
| Veeva Systems Inc. (VEEV)vs › | $42.63B | 10.40% | 9.27% | 9.56% | 11.34% |
| Block, Inc. (XYZ)vs › | $47.14B | 4.78% | 6.63% | 3.67% | 2.70% |
| Atlassian Corporation (TEAM)vs › | $47.20B | 0.22% | -2.17% | -6.29% | -2.37% |
| CoreWeave, Inc. Class A Common Stock (CRWV)vs › | $48.55B | -0.36% | 1.00% | 0.55% | 0.55% |
| Workday, Inc. (WDAY)vs › | $48.64B | 11.40% | 4.37% | 1.96% | 0.29% |
| Microchip Technology Incorporated (MCHP)vs › | $40.29B | 5.01% | 2.13% | 8.76% | 8.73% |
| Take-Two Interactive Software, Inc. (TTWO)vs › | $40.29B | -2.34% | -6.30% | -8.21% | -1.47% |
ROIC
21.2%
ROE
48.5%
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) |
|---|---|
| 2026-07-31 | 21.19% |
| 2026-04-30 | 22.18% |
| 2026-01-31 | 18.89% |
| 2025-10-31 | 18.47% |
| 2025-07-31 | 17.78% |
| 2025-04-30 | 18.25% |
| 2025-01-31 | 18.39% |
| 2024-10-31 | 17.67% |
| 2024-07-31 | 17.48% |
| 2024-04-30 | 17.19% |
| 2024-01-31 | 16.18% |
| 2023-10-31 | 17.48% |
| 2023-07-31 | 16.94% |
| 2023-04-30 | 16.63% |
| 2023-01-31 | 15.82% |
| 2022-10-31 | 13.17% |
| 2022-07-31 | 12.39% |
| 2022-04-30 | 11.23% |
| 2022-01-31 | 10.98% |
| 2021-10-31 | 12.56% |
| 2021-07-31 | 14.64% |
| 2021-04-30 | 15.17% |
| 2021-01-31 | 15.63% |
| 2020-10-31 | 15.87% |
| 2020-07-31 | 13.78% |
| 2020-04-30 | 12.26% |
| 2020-01-31 | 7.32% |
| 2019-10-31 | 6.80% |
| 2019-07-31 | 3.23% |
| 2019-04-30 | 1.17% |
| 2019-01-31 | -1.03% |
| 2018-10-31 | -13.82% |
| 2018-07-31 | -18.87% |
| 2018-04-30 | -21.60% |
| 2018-01-31 | -25.58% |
| 2017-10-31 | -20.58% |
| 2017-07-31 | -19.39% |
| 2017-04-30 | -16.88% |
| 2017-01-31 | -16.64% |
| 2016-10-31 | -10.59% |
| 2016-07-31 | -6.80% |
| 2016-04-30 | -4.55% |
| 2016-01-31 | 0.03% |
| 2015-10-31 | 0.64% |
| 2015-07-31 | 0.74% |
| 2015-04-30 | 2.85% |
| 2015-01-31 | 3.39% |
| 2014-10-31 | 3.79% |
| 2014-07-31 | 5.01% |
| 2014-04-30 | 5.77% |
| 2014-01-31 | 6.61% |
| 2013-10-31 | 7.58% |
| 2013-07-31 | 7.00% |
| 2013-04-30 | 6.97% |
| 2013-01-31 | 2.88% |
| 2012-10-31 | 3.79% |
| 2012-07-31 | 5.64% |
| 2012-04-30 | 5.88% |
| 2012-01-31 | 12.30% |
| 2011-10-31 | 12.27% |
| 2011-07-31 | 11.58% |
| 2011-04-30 | 11.36% |
| 2011-01-31 | 11.03% |
| 2010-10-31 | 10.78% |
| 2010-07-31 | 9.57% |
| 2010-04-30 | 6.36% |
| 2010-01-31 | 2.58% |
| 2009-10-31 | -7.36% |
| 2009-07-31 | -0.36% |
| 2009-04-30 | 3.70% |
| 2009-01-31 | 10.72% |
| 2008-10-31 | 21.78% |
| 2008-07-31 | 20.51% |
| 2008-04-30 | 24.30% |
| 2008-01-31 | 23.09% |
| 2007-10-31 | 24.52% |
| 2007-07-31 | 24.29% |
| 2007-04-30 | 21.82% |
| 2007-01-31 | 22.60% |
| 2006-10-31 | 24.17% |
| 2006-07-31 | 30.89% |
| 2006-04-30 | 31.78% |
| 2006-01-31 | 37.50% |
| 2005-10-31 | 36.64% |
| 2005-07-31 | 37.66% |
| 2005-04-30 | 32.98% |
| 2005-01-31 | 31.77% |
| 2004-10-31 | 29.40% |
| 2004-07-31 | 22.55% |
| 2004-04-30 | 21.96% |
| 2004-01-31 | 16.41% |
| 2003-10-31 | 8.29% |
| 2003-07-31 | 2.39% |
