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 2.12% is 78% below its 5-year average of 9.44%, near the low end of its 5-year range (-9.68%–35.51%).
As of the fiscal period ended Tuesday, June 30, 2026. 79.23% below its 12-month average of 10.21%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 2.12%.
RETURN ON INVESTED CAPITAL (ROIC)
2.12%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
10.21%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
18.59%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
9.44%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
-0.15%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
-4.57%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
-3.13%
CURRENT VS TTM AVG
-79.23%
CURRENT VS 3Y AVG
-88.59%
CURRENT VS 5Y AVG
-77.53%
CURRENT VS 10Y AVG
+1524.52%
CURRENT VS 15Y AVG
+146.42%
CURRENT VS 20Y AVG
+167.84%
SECTOR MEDIAN · HEALTHCARE
-25.40%
median of 416 covered companies
CURRENT VS SECTOR MEDIAN
+108.35%
vs the sector median at left
Alkermes plc
Market Cap
$7.17B
Return on Invested Capital (ROIC)
2.12%
TTM Avg
10.21%
3Y Avg
18.59%
5Y Avg
9.44%
Market Cap
$7.61B
Return on Invested Capital (ROIC)
26.62%
TTM Avg
-75.22%
3Y Avg
-60.07%
5Y Avg
-60.07%
Market Cap
$7.65B
Return on Invested Capital (ROIC)
8.55%
TTM Avg
6.73%
3Y Avg
4.46%
5Y Avg
3.72%
Market Cap
$6.68B
Return on Invested Capital (ROIC)
19.48%
TTM Avg
18.99%
3Y Avg
19.98%
5Y Avg
22.15%
Market Cap
$6.62B
Return on Invested Capital (ROIC)
-4.30%
TTM Avg
9.38%
3Y Avg
-2.79%
5Y Avg
-9.92%
Market Cap
$6.61B
Return on Invested Capital (ROIC)
-20.26%
TTM Avg
-47.02%
3Y Avg
-56.93%
5Y Avg
-48.62%
Market Cap
$7.80B
Return on Invested Capital (ROIC)
-39.80%
TTM Avg
-45.97%
3Y Avg
-48.64%
5Y Avg
-39.58%
Market Cap
$6.50B
Return on Invested Capital (ROIC)
13.45%
TTM Avg
11.53%
3Y Avg
6.80%
5Y Avg
5.48%
Market Cap
$6.06B
Return on Invested Capital (ROIC)
-24.33%
TTM Avg
-20.36%
3Y Avg
-23.88%
5Y Avg
-23.64%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Alkermes plc (ALKS) | $7.17B | 2.12% | 10.21% | 18.59% | 9.44% |
| Hinge Health, Inc. (HNGE)vs › | $7.61B | 26.62% | -75.22% | -60.07% | -60.07% |
| HealthEquity, Inc. (HQY)vs › | $7.65B | 8.55% | 6.73% | 4.46% | 3.72% |
| Chemed Corporation (CHE)vs › | $6.68B | 19.48% | 18.99% | 19.98% | 22.15% |
| Hims & Hers Health, Inc. (HIMS)vs › | $6.62B | -4.30% | 9.38% | -2.79% | -9.92% |
| GRAIL Inc. (GRAL)vs › | $6.61B | -20.26% | -47.02% | -56.93% | -48.62% |
| Cytokinetics, Incorporated (CYTK)vs › | $7.80B | -39.80% | -45.97% | -48.64% | -39.58% |
| Amneal Pharmaceuticals, Inc. (AMRX)vs › | $6.50B | 13.45% | 11.53% | 6.80% | 5.48% |
| CG Oncology Inc. (CGON)vs › | $6.06B | -24.33% | -20.36% | -23.88% | -23.64% |
| Oscar Health, Inc. (OSCR)vs › | $8.41B | 22.98% | -12.21% | -17.44% | -20.18% |
ROIC
2.1%
ROE
3.7%
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 | 2.12% |
| 2026-03-31 | 3.90% |
| 2025-12-31 | 10.56% |
| 2025-09-30 | 16.29% |
| 2025-06-30 | 18.17% |
| 2025-03-31 | 20.11% |
| 2024-12-31 | 22.18% |
| 2024-09-30 | 25.61% |
| 2024-06-30 | 24.85% |
| 2024-03-31 | 35.51% |
| 2023-12-31 | 33.23% |
| 2023-09-30 | 18.43% |
| 2023-06-30 | 10.70% |
| 2023-03-31 | -8.84% |
| 2022-12-31 | -9.68% |
| 2022-09-30 | -8.00% |
| 2022-06-30 | -5.09% |
| 2022-03-31 | -2.57% |
| 2021-12-31 | -1.88% |
| 2021-09-30 | -4.04% |
| 2021-06-30 | -3.40% |
| 2021-03-31 | -5.97% |
| 2020-12-31 | -7.42% |
| 2020-09-30 | -6.05% |
| 2020-06-30 | -8.98% |
| 2020-03-31 | -9.09% |
| 2019-12-31 | -12.38% |
| 2019-09-30 | -11.83% |
| 2019-06-30 | -10.43% |
| 2019-03-31 | -7.91% |
| 2018-12-31 | -6.66% |
| 2018-09-30 | -6.40% |
| 2018-06-30 | -6.44% |
| 2018-03-31 | -9.48% |
| 2017-12-31 | -9.80% |
| 2017-09-30 | -11.86% |
| 2017-06-30 | -13.25% |
| 2017-03-31 | -13.31% |
| 2016-12-31 | -13.75% |
| 2016-09-30 | -16.59% |
| 2016-06-30 | -16.64% |
| 2016-03-31 | -16.74% |
| 2015-12-31 | -13.31% |
| 2015-09-30 | -9.90% |
| 2015-06-30 | -7.18% |
| 2015-03-31 | -5.42% |
| 2014-12-31 | -4.85% |
| 2014-09-30 | -4.12% |
| 2014-06-30 | -2.42% |
| 2014-03-31 | -0.36% |
| 2013-12-31 | 1.06% |
| 2013-09-30 | 2.26% |
| 2013-06-30 | 2.46% |
| 2013-03-31 | 4.15% |
| 2012-12-31 | 0.38% |
| 2012-09-30 | -1.92% |
| 2012-06-30 | -3.07% |
| 2012-03-31 | -6.54% |
| 2011-12-31 | -3.13% |
| 2011-09-30 | -3.61% |
| 2011-06-30 | -11.44% |
| 2011-03-31 | -11.28% |
| 2010-12-31 | -12.37% |
| 2010-09-30 | -10.84% |
| 2010-06-30 | -10.01% |
| 2010-03-31 | -9.05% |
| 2009-12-31 | -7.74% |
| 2009-09-30 | 16.37% |
| 2009-06-30 | 18.37% |
| 2009-03-31 | 25.70% |
| 2008-12-31 | 23.39% |
| 2008-09-30 | 2.58% |
| 2008-06-30 | 2.81% |
| 2008-03-31 | -0.44% |
| 2007-12-31 | 2.69% |
| 2007-09-30 | 3.98% |
| 2007-06-30 | 3.55% |
| 2007-03-31 | 1.95% |
| 2006-12-31 | 2.39% |
| 2006-09-30 | 2.84% |
| 2006-06-30 | 4.06% |
| 2006-03-31 | 3.87% |
| 2005-12-31 | -1.62% |
| 2005-09-30 | -4.77% |
| 2005-06-30 | -11.69% |
| 2005-03-31 | -22.78% |
| 2004-12-31 | -46.38% |
| 2004-09-30 | -52.09% |
| 2004-06-30 | -54.97% |
| 2004-03-31 | -41.54% |
| 2003-12-31 | -35.56% |
| 2003-09-30 | -30.00% |
| 2003-06-30 | -49.60% |
