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 -21.73% is in line with its 5-year average of -23.78%, around the middle of its 5-year range (-39.92%–-11.11%).
As of the fiscal period ended Tuesday, June 30, 2026. 9.40% above its 12-month average of -23.99%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): -21.73%.
RETURN ON INVESTED CAPITAL (ROIC)
-21.73%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
-23.99%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
-28.93%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
-23.78%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
-13.22%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
+9.40%
CURRENT VS 3Y AVG
+24.87%
CURRENT VS 5Y AVG
+8.62%
CURRENT VS 10Y AVG
-64.39%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · TECHNOLOGY
2.71%
median of 497 covered companies
CURRENT VS SECTOR MEDIAN
-901.92%
vs the sector median at left
Airgain, Inc.
Market Cap
$52.86M
Return on Invested Capital (ROIC)
-21.73%
TTM Avg
-23.99%
3Y Avg
-28.93%
5Y Avg
-23.78%
Market Cap
$53.30M
Return on Invested Capital (ROIC)
-9.88%
TTM Avg
5.60%
3Y Avg
9.29%
5Y Avg
9.00%
Market Cap
$50.48M
Return on Invested Capital (ROIC)
-51.26%
TTM Avg
-132.56%
3Y Avg
-136.52%
5Y Avg
-119.12%
Market Cap
$55.81M
Return on Invested Capital (ROIC)
-14.53%
TTM Avg
-16.27%
3Y Avg
-11.91%
5Y Avg
-9.23%
Market Cap
$49.75M
Return on Invested Capital (ROIC)
-81.38%
TTM Avg
-26.73%
3Y Avg
-17.87%
5Y Avg
-22.82%
Market Cap
$47.81M
Return on Invested Capital (ROIC)
6.66%
TTM Avg
25.77%
3Y Avg
4.71%
5Y Avg
-0.48%
Market Cap
$47.73M
Return on Invested Capital (ROIC)
-105.85%
TTM Avg
-65.58%
3Y Avg
-62.06%
5Y Avg
-63.52%
Market Cap
$47.66M
Return on Invested Capital (ROIC)
1.98%
TTM Avg
2.16%
3Y Avg
2.78%
5Y Avg
2.95%
Market Cap
$47.03M
Return on Invested Capital (ROIC)
-45.66%
TTM Avg
-38.52%
3Y Avg
-49.05%
5Y Avg
-50.76%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Airgain, Inc. (AIRG) | $52.86M | -21.73% | -23.99% | -28.93% | -23.78% |
| Eltek Ltd. (ELTK)vs › | $53.30M | -9.88% | 5.60% | 9.29% | 9.00% |
| AEye, Inc. (LIDR)vs › | $50.48M | -51.26% | -132.56% | -136.52% | -119.12% |
| INVE Technologies, Inc. (INVE)vs › | $55.81M | -14.53% | -16.27% | -11.91% | -9.23% |
| All In FutureTech Alliance Inc. (AIFA)vs › | $49.75M | -81.38% | -26.73% | -17.87% | -22.82% |
| Acorn Energy, Inc. (ACFN)vs › | $47.81M | 6.66% | 25.77% | 4.71% | -0.48% |
| Odysight.ai Inc. (ODYS)vs › | $47.73M | -105.85% | -65.58% | -62.06% | -63.52% |
| Deswell Industries, Inc. (DSWL)vs › | $47.66M | 1.98% | 2.16% | 2.78% | 2.95% |
| Freightos Limited Ordinary shares (CRGO)vs › | $47.03M | -45.66% | -38.52% | -49.05% | -50.76% |
| Intellicheck, Inc. (IDN)vs › | $46.68M | 12.43% | -0.78% | -9.13% | -14.94% |
ROIC
-21.7%
ROE
-23.9%
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 | -21.73% |
| 2026-03-31 | -22.92% |
| 2025-12-31 | -25.57% |
| 2025-09-30 | -23.35% |
| 2025-06-30 | -26.35% |
| 2025-03-31 | -27.06% |
| 2024-12-31 | -25.55% |
| 2024-09-30 | -39.92% |
| 2024-06-30 | -39.00% |
| 2024-03-31 | -38.25% |
| 2023-12-31 | -34.99% |
| 2023-09-30 | -27.03% |
| 2023-06-30 | -24.33% |
| 2023-03-31 | -22.00% |
| 2022-12-31 | -18.83% |
| 2022-09-30 | -21.79% |
| 2022-06-30 | -25.58% |
| 2022-03-31 | -27.55% |
| 2021-12-31 | -23.72% |
| 2021-09-30 | -17.13% |
| 2021-06-30 | -11.11% |
| 2021-03-31 | -6.27% |
| 2020-12-31 | -6.62% |
| 2020-09-30 | -4.55% |
| 2020-06-30 | -4.70% |
| 2020-03-31 | -2.34% |
| 2019-12-31 | 0.67% |
| 2019-09-30 | 3.10% |
| 2019-06-30 | 4.29% |
| 2019-03-31 | -4.42% |
| 2018-12-31 | -7.46% |
| 2018-09-30 | -9.11% |
| 2018-06-30 | -9.41% |
| 2018-03-31 | -1.34% |
| 2017-12-31 | 1.98% |
| 2017-09-30 | 3.27% |
| 2017-06-30 | 5.44% |
| 2017-03-31 | 7.64% |
| 2016-12-31 | 7.14% |
| 2016-09-30 | 11.76% |
| 2016-06-30 | 12.68% |
| 2016-03-31 | 0.81% |
| 2015-12-31 | -3.51% |
