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 -7.45% is 607% below its 5-year average of -1.05%, near the low end of its 5-year range (-7.45%–4.55%).
As of the fiscal period ended Tuesday, June 30, 2026. 119.05% below its 12-month average of -3.40%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q1 FY2027 (2026-06-30): -7.45%.
RETURN ON INVESTED CAPITAL (ROIC)
-7.45%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
-3.40%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
-1.62%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
-1.05%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
0.36%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
2.81%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
5.67%
CURRENT VS TTM AVG
-119.05%
CURRENT VS 3Y AVG
-358.55%
CURRENT VS 5Y AVG
-607.26%
CURRENT VS 10Y AVG
-2180.79%
CURRENT VS 15Y AVG
-364.73%
CURRENT VS 20Y AVG
-231.27%
SECTOR MEDIAN · INDUSTRIALS
3.96%
median of 388 covered companies
CURRENT VS SECTOR MEDIAN
-288.05%
vs the sector median at left
Air T, Inc.
Market Cap
$78.89M
Return on Invested Capital (ROIC)
-7.45%
TTM Avg
-3.40%
3Y Avg
-1.62%
5Y Avg
-1.05%
Market Cap
$77.97M
Return on Invested Capital (ROIC)
-26.32%
TTM Avg
-98.29%
3Y Avg
-275.15%
5Y Avg
-200.88%
Market Cap
$77.52M
Return on Invested Capital (ROIC)
-67.75%
TTM Avg
-67.37%
3Y Avg
-48.08%
5Y Avg
-46.80%
Market Cap
$80.84M
Return on Invested Capital (ROIC)
6.83%
TTM Avg
6.11%
3Y Avg
12.80%
5Y Avg
7.02%
Market Cap
$82.38M
Return on Invested Capital (ROIC)
-8.18%
TTM Avg
13.07%
3Y Avg
-1.94%
5Y Avg
-9.68%
Market Cap
$82.98M
Return on Invested Capital (ROIC)
-7.45%
TTM Avg
-2.22%
3Y Avg
-1.57%
5Y Avg
-1.61%
Market Cap
$74.05M
Return on Invested Capital (ROIC)
-27.74%
TTM Avg
-18.98%
3Y Avg
-23.29%
5Y Avg
-23.29%
Market Cap
$73.54M
Return on Invested Capital (ROIC)
4.28%
TTM Avg
0.67%
3Y Avg
2.85%
5Y Avg
1.17%
Market Cap
$71.48M
Return on Invested Capital (ROIC)
15.56%
TTM Avg
20.16%
3Y Avg
15.37%
5Y Avg
11.77%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Air T, Inc. (AIRTP) | $78.89M | -7.45% | -3.40% | -1.62% | -1.05% |
| Momentus Inc. (MNTS)vs › | $77.97M | -26.32% | -98.29% | -275.15% | -200.88% |
| Blink Charging Co. (BLNK)vs › | $77.52M | -67.75% | -67.37% | -48.08% | -46.80% |
| Pyxis Tankers Inc. (PXS)vs › | $80.84M | 6.83% | 6.11% | 12.80% | 7.02% |
| Byrna Technologies Inc. (BYRN)vs › | $82.38M | -8.18% | 13.07% | -1.94% | -9.68% |
| Air T, Inc. (AIRT)vs › | $82.98M | -7.45% | -2.22% | -1.57% | -1.61% |
| Elite Express Holding Inc. (ETS)vs › | $74.05M | -27.74% | -18.98% | -23.29% | -23.29% |
| Globus Maritime Limited (GLBS)vs › | $73.54M | 4.28% | 0.67% | 2.85% | 1.17% |
| Optex Systems Holdings, Inc (OPXS)vs › | $71.48M | 15.56% | 20.16% | 15.37% | 11.77% |
| Concorde International Group Ltd. (CIGL)vs › | $71.20M | -170.82% | -170.82% | -170.82% | -170.82% |
ROIC
-7.4%
ROE
97.9%
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 | -7.45% |
| 2026-03-31 | -5.84% |
| 2025-12-31 | -3.76% |
| 2025-09-30 | -1.93% |
| 2025-06-30 | 1.97% |
| 2025-03-31 | 1.40% |
| 2024-12-31 | 2.33% |
| 2024-09-30 | 1.06% |
| 2024-06-30 | 0.02% |
| 2024-03-31 | 0.87% |
| 2023-12-31 | -4.24% |
| 2023-09-30 | -2.72% |
| 2023-06-30 | -2.83% |
| 2023-03-31 | -2.69% |
| 2022-12-31 | 3.79% |
| 2022-09-30 | 3.19% |
| 2022-06-30 | 4.55% |
| 2022-03-31 | 4.36% |
| 2021-12-31 | -3.79% |
| 2021-09-30 | -3.32% |
| 2021-06-30 | -7.09% |
| 2021-03-31 | -7.76% |
| 2020-12-31 | -0.48% |
| 2020-09-30 | 1.47% |
| 2020-06-30 | 4.58% |
| 2020-03-31 | 5.87% |
| 2019-12-31 | 6.75% |
| 2019-09-30 | 5.96% |
| 2019-06-30 | 5.40% |
| 2019-03-31 | 6.30% |
| 2018-12-31 | 3.68% |
| 2018-09-30 | 2.85% |
| 2018-06-30 | 6.17% |
| 2018-03-31 | 5.23% |
| 2017-12-31 | 4.02% |
| 2017-09-30 | 8.33% |
| 2017-06-30 | 9.19% |
| 2017-03-31 | -6.88% |
| 2016-12-31 | -14.54% |
| 2016-09-30 | -9.38% |
| 2016-06-30 | 0.02% |
| 2016-03-31 | 9.62% |
| 2015-12-31 | 12.25% |
| 2015-09-30 | 10.77% |
| 2015-06-30 | 4.98% |
| 2015-03-31 | 7.06% |
| 2014-12-31 | 11.75% |
| 2014-09-30 | 8.82% |
| 2014-06-30 | 4.76% |
| 2014-03-31 | 5.15% |
| 2013-12-31 | 5.27% |
| 2013-09-30 | 5.59% |
| 2013-06-30 | 5.02% |
| 2013-03-31 | 5.92% |
| 2012-12-31 | 4.64% |
| 2012-09-30 | 4.54% |
| 2012-06-30 | 5.92% |
| 2012-03-31 | 4.93% |
| 2011-12-31 | 7.42% |
| 2011-09-30 | 7.62% |
| 2011-06-30 | 7.55% |
| 2011-03-31 | 7.85% |
| 2010-12-31 | 7.31% |
| 2010-09-30 | 10.08% |
| 2010-06-30 | 11.59% |
| 2010-03-31 | 14.74% |
| 2009-12-31 | 16.15% |
| 2009-09-30 | 14.99% |
| 2009-06-30 | 17.77% |
| 2009-03-31 | 18.78% |
| 2008-12-31 | 21.70% |
| 2008-09-30 | 23.52% |
| 2008-06-30 | 20.40% |
| 2008-03-31 | 17.38% |
| 2007-12-31 | 17.52% |
| 2007-09-30 | 13.62% |
| 2007-06-30 | 14.43% |
| 2007-03-31 | 14.44% |
| 2006-12-31 | 11.17% |
| 2006-09-30 | 14.12% |
| 2006-06-30 | 15.35% |
| 2006-03-31 | 13.03% |
| 2005-12-31 | 9.01% |
| 2005-09-30 | 8.98% |
| 2005-06-30 | 11.73% |
| 2005-03-31 | 13.40% |
| 2004-12-31 | 15.27% |
| 2004-09-30 | 14.24% |
| 2004-06-30 | 14.92% |
| 2004-03-31 | 15.37% |
| 2003-12-31 | 13.28% |
| 2003-09-30 | 11.91% |
| 2003-06-30 | 4.86% |
