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 3.35% is in line with its 5-year average of 3.11%, around the middle of its 5-year range (1.18%–4.40%).
As of the fiscal period ended Tuesday, June 30, 2026. 13.50% below its 12-month average of 3.88%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
3.35%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
3.88%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
4.05%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
3.11%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
-13.50%
CURRENT VS 3Y AVG
-17.09%
CURRENT VS 5Y AVG
+8.05%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · HEALTHCARE
8.75%
median of 88 covered companies
CURRENT VS SECTOR MEDIAN
-61.64%
vs the sector median at left
Alcon Inc.
Market Cap
$34.82B
Return on Invested Capital (ROIC)
3.35%
TTM Avg
3.88%
3Y Avg
4.05%
5Y Avg
3.11%
Market Cap
$34.57B
Return on Invested Capital (ROIC)
19.18%
TTM Avg
19.41%
3Y Avg
18.01%
5Y Avg
17.23%
Market Cap
$34.08B
Return on Invested Capital (ROIC)
21.71%
TTM Avg
13.47%
3Y Avg
11.13%
5Y Avg
9.67%
Market Cap
$32.36B
Return on Invested Capital (ROIC)
6.94%
TTM Avg
7.96%
3Y Avg
8.07%
5Y Avg
9.18%
Market Cap
$32.10B
Return on Invested Capital (ROIC)
21.63%
TTM Avg
21.87%
3Y Avg
20.30%
5Y Avg
19.27%
Market Cap
$32.10B
Return on Invested Capital (ROIC)
4.28%
TTM Avg
7.71%
3Y Avg
8.64%
5Y Avg
10.90%
Market Cap
$31.78B
Return on Invested Capital (ROIC)
-12.90%
TTM Avg
-4.21%
3Y Avg
-0.54%
5Y Avg
0.75%
Market Cap
$31.42B
Return on Invested Capital (ROIC)
24.71%
TTM Avg
4.06%
3Y Avg
-7.50%
5Y Avg
-13.90%
Market Cap
$30.89B
Return on Invested Capital (ROIC)
1.34%
TTM Avg
18.13%
3Y Avg
20.89%
5Y Avg
23.01%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Alcon Inc. (ALC) | $34.82B | 3.35% | 3.88% | 4.05% | 3.11% |
| ResMed Inc. (RMD)vs › | $34.57B | 19.18% | 19.41% | 18.01% | 17.23% |
| DexCom, Inc. (DXCM)vs › | $34.08B | 21.71% | 13.47% | 11.13% | 9.67% |
| GE HealthCare Technologies Inc. (GEHC)vs › | $32.36B | 6.94% | 7.96% | 8.07% | 9.18% |
| Zoetis Inc. (ZTS)vs › | $32.10B | 21.63% | 21.87% | 20.30% | 19.27% |
| Biogen Inc. (BIIB)vs › | $32.10B | 4.28% | 7.71% | 8.64% | 10.90% |
| Centene Corp. (CNC)vs › | $31.78B | -12.90% | -4.21% | -0.54% | 0.75% |
| Alnylam Pharmaceuticals, Inc. (ALNY)vs › | $31.42B | 24.71% | 4.06% | -7.50% | -13.90% |
| Waters Corporation (WAT)vs › | $30.89B | 1.34% | 18.13% | 20.89% | 23.01% |
| Medline Inc. (MDLN)vs › | $29.75B | 4.05% | 6.03% | 5.27% | 5.27% |
ROIC
3.4%
ROE
3.0%
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 | 3.35% |
| 2026-03-31 | 3.68% |
| 2025-12-31 | 3.95% |
| 2025-09-30 | 4.16% |
| 2025-06-30 | 4.25% |
| 2025-03-31 | 4.40% |
| 2024-12-31 | 4.07% |
| 2024-09-30 | 4.38% |
| 2024-06-30 | 4.31% |
| 2024-03-31 | 4.15% |
| 2023-12-31 | 3.81% |
| 2023-09-30 | 2.25% |
| 2023-06-30 | 1.90% |
| 2023-03-31 | 1.86% |
| 2022-12-31 | 1.83% |
| 2022-09-30 | 2.93% |
| 2022-06-30 | 2.50% |
| 2022-03-31 | 2.38% |
| 2021-12-31 | 2.04% |
| 2021-09-30 | 1.84% |
| 2021-06-30 | 1.18% |
| 2021-03-31 | -1.19% |
| 2020-12-31 | -1.89% |
| 2020-09-30 | -2.71% |
| 2020-06-30 | -2.26% |
| 2020-03-31 | -0.66% |
| 2019-12-31 | -0.73% |
| 2019-09-30 | -0.76% |
| 2019-06-30 | -1.79% |
| 2018-12-31 | -0.98% |
| 2018-09-30 | -0.93% |
