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 9.23% is 138% above its 5-year average of -24.14%, near the high end of its 5-year range (-45.10%–9.23%).
As of the fiscal period ended Tuesday, June 30, 2026. 229.30% above its 12-month average of 2.80%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 9.23%.
RETURN ON INVESTED CAPITAL (ROIC)
9.23%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
2.80%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
-19.84%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
-24.14%
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
+229.30%
CURRENT VS 3Y AVG
+146.54%
CURRENT VS 5Y AVG
+138.25%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · HEALTHCARE
-33.80%
median of 696 covered companies
CURRENT VS SECTOR MEDIAN
+127.32%
vs the sector median at left
Alignment Healthcare, Inc.
Market Cap
$1.74B
Return on Invested Capital (ROIC)
9.23%
TTM Avg
2.80%
3Y Avg
-19.84%
5Y Avg
-24.14%
Market Cap
$1.73B
Return on Invested Capital (ROIC)
-54.45%
TTM Avg
-54.60%
3Y Avg
-46.39%
5Y Avg
-38.46%
Market Cap
$1.72B
Return on Invested Capital (ROIC)
10.03%
TTM Avg
-6.49%
3Y Avg
-7.14%
5Y Avg
-3.83%
Market Cap
$1.70B
Return on Invested Capital (ROIC)
-42.87%
TTM Avg
-29.07%
3Y Avg
-38.98%
5Y Avg
-32.39%
Market Cap
$1.79B
Return on Invested Capital (ROIC)
-94.79%
TTM Avg
-70.21%
3Y Avg
-70.21%
5Y Avg
-70.21%
Market Cap
$1.82B
Return on Invested Capital (ROIC)
9.81%
TTM Avg
8.38%
3Y Avg
8.16%
5Y Avg
8.82%
Market Cap
$1.83B
Return on Invested Capital (ROIC)
-52.66%
TTM Avg
-61.09%
3Y Avg
-54.75%
5Y Avg
-42.45%
Market Cap
$1.65B
Return on Invested Capital (ROIC)
-7.32%
TTM Avg
-17.29%
3Y Avg
-24.58%
5Y Avg
-25.54%
Market Cap
$1.84B
Return on Invested Capital (ROIC)
-26.88%
TTM Avg
-21.15%
3Y Avg
-18.76%
5Y Avg
-12.71%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Alignment Healthcare, Inc. (ALHC) | $1.74B | 9.23% | 2.80% | -19.84% | -24.14% |
| Intellia Therapeutics, Inc. (NTLA)vs › | $1.73B | -54.45% | -54.60% | -46.39% | -38.46% |
| DENTSPLY SIRONA Inc. (XRAY)vs › | $1.72B | 10.03% | -6.49% | -7.14% | -3.83% |
| Personalis, Inc. (PSNL)vs › | $1.70B | -42.87% | -29.07% | -38.98% | -32.39% |
| Generate Biomedicines, Inc. (GENB)vs › | $1.79B | -94.79% | -70.21% | -70.21% | -70.21% |
| LeMaitre Vascular, Inc. (LMAT)vs › | $1.82B | 9.81% | 8.38% | 8.16% | 8.82% |
| Absci Corporation (ABSI)vs › | $1.83B | -52.66% | -61.09% | -54.75% | -42.45% |
| Alphatec Holdings, Inc. (ATEC)vs › | $1.65B | -7.32% | -17.29% | -24.58% | -25.54% |
| Novocure Ltd (NVCR)vs › | $1.84B | -26.88% | -21.15% | -18.76% | -12.71% |
| Astrana Health, Inc. (ASTH)vs › | $1.84B | 4.13% | 4.21% | 5.71% | 5.17% |
ROIC
9.2%
ROE
15.3%
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 | 9.23% |
| 2026-03-31 | 6.63% |
| 2025-12-31 | 2.90% |
| 2025-09-30 | 0.51% |
| 2025-06-30 | -5.25% |
| 2025-03-31 | -15.02% |
| 2024-12-31 | -23.54% |
| 2024-09-30 | -36.01% |
| 2024-06-30 | -38.05% |
| 2024-03-31 | -45.10% |
| 2023-12-31 | -38.87% |
| 2023-09-30 | -38.28% |
| 2023-06-30 | -37.11% |
| 2023-03-31 | -32.16% |
| 2022-12-31 | -31.85% |
| 2022-09-30 | -27.44% |
| 2022-06-30 | -28.26% |
| 2022-03-31 | -35.84% |
| 2021-12-31 | -38.41% |
| 2021-09-30 | -33.71% |
| 2021-06-30 | -21.34% |
| 2021-03-31 | -10.36% |
| 2020-12-31 | -2.84% |
