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 23.58% is 16% below its 5-year average of 28.11%, near the low end of its 5-year range (21.60%–36.32%).
As of the fiscal period ended Sunday, July 26, 2026. 3.19% above its 12-month average of 22.85%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
23.58%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
22.85%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
25.30%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
28.11%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
24.57%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
19.55%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
17.37%
CURRENT VS TTM AVG
+3.19%
CURRENT VS 3Y AVG
-6.81%
CURRENT VS 5Y AVG
-16.12%
CURRENT VS 10Y AVG
-4.03%
CURRENT VS 15Y AVG
+20.61%
CURRENT VS 20Y AVG
+35.70%
SECTOR MEDIAN · TECHNOLOGY
8.17%
median of 193 covered companies
CURRENT VS SECTOR MEDIAN
+188.59%
vs the sector median at left
Applied Materials, Inc.
Market Cap
$375.38B
Return on Invested Capital (ROIC)
23.58%
TTM Avg
22.85%
3Y Avg
25.30%
5Y Avg
28.11%
Market Cap
$391.02B
Return on Invested Capital (ROIC)
25.60%
TTM Avg
11.80%
3Y Avg
5.23%
5Y Avg
-8.54%
Market Cap
$354.23B
Return on Invested Capital (ROIC)
22.65%
TTM Avg
14.86%
3Y Avg
12.60%
5Y Avg
11.91%
Market Cap
$400.71B
Return on Invested Capital (ROIC)
40.77%
TTM Avg
37.48%
3Y Avg
33.35%
5Y Avg
33.83%
Market Cap
$430.29B
Return on Invested Capital (ROIC)
12.96%
TTM Avg
12.31%
3Y Avg
13.13%
5Y Avg
13.79%
Market Cap
$468.13B
Return on Invested Capital (ROIC)
7.99%
TTM Avg
9.43%
3Y Avg
10.21%
5Y Avg
10.72%
Market Cap
$279.31B
Return on Invested Capital (ROIC)
7.33%
TTM Avg
8.81%
3Y Avg
7.18%
5Y Avg
7.18%
Market Cap
$274.64B
Return on Invested Capital (ROIC)
1.03%
TTM Avg
3.35%
3Y Avg
3.82%
5Y Avg
1.38%
Market Cap
$257.38B
Return on Invested Capital (ROIC)
64.29%
TTM Avg
64.29%
3Y Avg
16.19%
5Y Avg
7.93%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Applied Materials, Inc. (AMAT) | $375.38B | 23.58% | 22.85% | 25.30% | 28.11% |
| Palantir Technologies Inc. (PLTR)vs › | $391.02B | 25.60% | 11.80% | 5.23% | -8.54% |
| Dell Technologies Inc. (DELL)vs › | $354.23B | 22.65% | 14.86% | 12.60% | 11.91% |
| Lam Research Corporation (LRCX)vs › | $400.71B | 40.77% | 37.48% | 33.35% | 33.83% |
| Cisco Systems, Inc. (CSCO)vs › | $430.29B | 12.96% | 12.31% | 13.13% | 13.79% |
| Oracle Corporation (ORCL)vs › | $468.13B | 7.99% | 9.43% | 10.21% | 10.72% |
| Arm Holdings plc American Depositary Shares (ARM)vs › | $279.31B | 7.33% | 8.81% | 7.18% | 7.18% |
| Palo Alto Networks, Inc. (PANW)vs › | $274.64B | 1.03% | 3.35% | 3.82% | 1.38% |
| Sandisk Corporation (SNDK)vs › | $257.38B | 64.29% | 64.29% | 16.19% | 7.93% |
| KLA Corporation (KLAC)vs › | $246.86B | 35.75% | 36.17% | 33.56% | 32.79% |
ROIC
23.6%
ROE
36.2%
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) |
|---|---|
| 2026-07-26 | 23.58% |
| 2026-04-26 | 21.60% |
| 2026-01-25 | 22.64% |
| 2025-10-26 | 22.03% |
| 2025-07-27 | 24.40% |
| 2025-04-27 | 25.68% |
| 2025-01-26 | 24.35% |
| 2024-10-27 | 25.90% |
| 2024-07-28 | 25.97% |
| 2024-04-28 | 26.84% |
| 2024-01-28 | 27.67% |
| 2023-10-29 | 28.77% |
| 2023-07-30 | 29.49% |
| 2023-04-30 | 31.15% |
| 2023-01-29 | 31.31% |
| 2022-10-30 | 34.41% |
| 2022-07-31 | 34.89% |
| 2022-05-01 | 36.32% |
| 2022-01-30 | 34.62% |
| 2021-10-31 | 30.64% |
| 2021-08-01 | 28.01% |
| 2021-05-02 | 23.77% |
| 2021-01-31 | 21.40% |
| 2020-10-25 | 21.12% |
| 2020-07-26 | 19.71% |
| 2020-04-26 | 17.10% |
| 2020-01-26 | 18.36% |
| 2019-10-27 | 18.26% |
| 2019-07-28 | 19.62% |
| 2019-04-28 | 23.33% |
| 2019-01-27 | 26.51% |
| 2018-10-28 | 24.48% |
| 2018-07-29 | 25.61% |
| 2018-04-29 | 23.61% |
| 2018-01-28 | 19.52% |
| 2017-10-29 | 23.25% |
| 2017-07-30 | 21.74% |
| 2017-04-30 | 19.27% |
| 2017-01-29 | 19.38% |
| 2016-10-30 | 16.49% |
| 2016-07-31 | 14.51% |
| 2016-05-01 | 13.11% |
| 2016-01-31 | 12.86% |
| 2015-10-25 | 11.48% |
| 2015-07-26 | 12.95% |
| 2015-04-26 | 12.26% |
| 2015-01-25 | 11.61% |
| 2014-10-26 | 10.87% |
| 2014-07-27 | 10.49% |
| 2014-04-27 | 9.36% |
| 2014-01-26 | 5.46% |
| 2013-10-27 | 3.29% |
| 2013-07-28 | -2.91% |
| 2013-04-28 | -2.17% |
| 2013-01-27 | 1.53% |
| 2012-10-28 | 2.30% |
| 2012-07-29 | 10.55% |
| 2012-04-29 | 12.52% |
| 2012-01-29 | 14.19% |
| 2011-10-30 | 17.56% |
| 2011-07-31 | 17.90% |
| 2011-05-01 | 18.10% |
| 2011-01-30 | 16.22% |
| 2010-10-31 | 11.61% |
| 2010-08-01 | 7.76% |
| 2010-05-02 | 5.39% |
| 2010-01-31 | -1.05% |
| 2009-10-25 | -5.15% |
| 2009-07-26 | -3.61% |
| 2009-04-26 | 0.44% |
| 2009-01-25 | 6.70% |
| 2008-10-26 | 11.42% |
| 2008-07-27 | 13.68% |
| 2008-04-27 | 17.11% |
| 2008-01-27 | 19.01% |
| 2007-10-28 | 20.07% |
| 2007-07-29 | 16.10% |
| 2007-04-29 | 17.11% |
| 2007-01-28 | 17.09% |
| 2006-10-29 | 13.98% |
| 2006-07-30 | 12.88% |
| 2006-04-30 | 11.35% |
| 2006-01-29 | 10.17% |
| 2005-10-30 | 11.65% |
| 2005-07-31 | 13.68% |
| 2005-05-01 | 14.53% |
| 2005-01-30 | 15.15% |
| 2004-10-31 | 13.23% |
| 2004-08-01 | 8.84% |
| 2004-05-02 | 4.00% |
| 2004-02-01 | -1.11% |
| 2003-10-26 | -3.58% |
| 2003-07-27 | -2.14% |
