Basis: Latest reported fiscal year. 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 22.64% is in line with its 5-year average of 21.10%, near the high end of its 5-year range (15.13%–24.20%).
As of the fiscal period ended Wednesday, December 31, 2025. 0.22% below its 12-month average of 22.69%.
Annual fiscal-year return on invested capital; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
22.64%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
22.69%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
23.35%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
21.10%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
19.06%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
18.35%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
-0.22%
CURRENT VS 3Y AVG
-3.04%
CURRENT VS 5Y AVG
+7.31%
CURRENT VS 10Y AVG
+18.77%
CURRENT VS 15Y AVG
+23.38%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · TECHNOLOGY
8.03%
median of 177 covered companies
CURRENT VS SECTOR MEDIAN
+181.94%
vs the sector median at left
Arista Networks, Inc.
Market Cap
$227.09B
Return on Invested Capital (ROIC)
22.64%
TTM Avg
22.69%
3Y Avg
23.35%
5Y Avg
21.10%
Market Cap
$238.81B
Return on Invested Capital (ROIC)
35.75%
TTM Avg
36.11%
3Y Avg
33.48%
5Y Avg
32.70%
Market Cap
$213.96B
Return on Invested Capital (ROIC)
12.45%
TTM Avg
8.84%
3Y Avg
7.80%
5Y Avg
8.33%
Market Cap
$210.71B
Return on Invested Capital (ROIC)
10.37%
TTM Avg
9.77%
3Y Avg
8.86%
5Y Avg
7.58%
Market Cap
$251.82B
Return on Invested Capital (ROIC)
16.46%
TTM Avg
15.57%
3Y Avg
22.12%
5Y Avg
25.67%
Market Cap
$255.03B
Return on Invested Capital (ROIC)
7.29%
TTM Avg
8.79%
3Y Avg
7.17%
5Y Avg
6.67%
Market Cap
$197.70B
Return on Invested Capital (ROIC)
15.12%
TTM Avg
15.01%
3Y Avg
15.20%
5Y Avg
14.59%
Market Cap
$194.34B
Return on Invested Capital (ROIC)
-4.24%
TTM Avg
-1.77%
3Y Avg
-2.52%
5Y Avg
-3.57%
Market Cap
$191.97B
Return on Invested Capital (ROIC)
0.00%
TTM Avg
0.00%
3Y Avg
13.60%
5Y Avg
13.23%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Arista Networks, Inc. (ANET) | $227.09B | 22.64% | 22.69% | 23.35% | 21.10% |
| KLA Corporation (KLAC)vs › | $238.81B | 35.75% | 36.11% | 33.48% | 32.70% |
| SAP SE (SAP)vs › | $213.96B | 12.45% | 8.84% | 7.80% | 8.33% |
| International Business Machines Corporation (IBM)vs › | $210.71B | 10.37% | 9.77% | 8.86% | 7.58% |
| Texas Instruments Incorporated (TXN)vs › | $251.82B | 16.46% | 15.57% | 22.12% | 25.67% |
| Arm Holdings plc American Depositary Shares (ARM)vs › | $255.03B | 7.29% | 8.79% | 7.17% | 6.67% |
| Amphenol Corporation (APH)vs › | $197.70B | 15.12% | 15.01% | 15.20% | 14.59% |
| CrowdStrike Holdings, Inc. (CRWD)vs › | $194.34B | -4.24% | -1.77% | -2.52% | -3.57% |
| Seagate Technology Holdings plc (STX)vs › | $191.97B | 0.00% | 0.00% | 13.60% | 13.23% |
| Western Digital Corporation (WDC)vs › | $187.80B | 21.53% | 9.75% | 6.22% | 5.25% |
ROIC
22.6%
ROE
27.6%
ROIC = NOPAT / Invested Capital
Return on invested capital measures the after-tax return a company earns on all capital (debt and equity) invested in the business.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | RETURN ON INVESTED CAPITAL (ROIC) |
|---|---|
| 2025-12-31 | 22.64% |
| 2024-12-31 | 22.74% |
| 2023-12-31 | 24.20% |
| 2022-12-31 | 23.82% |
| 2021-12-31 | 18.06% |
| 2020-12-31 | 15.13% |
| 2019-12-31 | 22.39% |
| 2018-12-31 | 11.04% |
| 2017-12-31 | 21.71% |
| 2016-12-31 | 14.58% |
| 2015-12-31 | 13.37% |
| 2014-12-31 | 13.44% |
| 2013-12-31 | 18.92% |
| 2012-12-31 | 14.86% |
| 2011-12-31 | 0.00% |
