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 60.71% is 224% above its 5-year average of 18.75%, near the high end of its 5-year range (-3.61%–60.71%).
As of the fiscal period ended Wednesday, December 31, 2025. 21.72% above its 12-month average of 49.88%.
Annual fiscal-year return on invested capital; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
60.71%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
49.88%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
28.52%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
18.75%
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
+21.72%
CURRENT VS 3Y AVG
+112.87%
CURRENT VS 5Y AVG
+223.73%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · TECHNOLOGY
8.05%
median of 176 covered companies
CURRENT VS SECTOR MEDIAN
+653.69%
vs the sector median at left
AppLovin Corporation
Market Cap
$116.50B
Return on Invested Capital (ROIC)
60.71%
TTM Avg
49.88%
3Y Avg
28.52%
5Y Avg
18.75%
Market Cap
$117.13B
Return on Invested Capital (ROIC)
28.75%
TTM Avg
27.98%
3Y Avg
29.21%
5Y Avg
26.02%
Market Cap
$114.55B
Return on Invested Capital (ROIC)
-30.15%
TTM Avg
-27.70%
3Y Avg
-22.31%
5Y Avg
-18.89%
Market Cap
$108.46B
Return on Invested Capital (ROIC)
23.85%
TTM Avg
24.26%
3Y Avg
32.39%
5Y Avg
31.71%
Market Cap
$107.53B
Return on Invested Capital (ROIC)
16.99%
TTM Avg
17.99%
3Y Avg
19.80%
5Y Avg
19.97%
Market Cap
$106.58B
Return on Invested Capital (ROIC)
-4.10%
TTM Avg
-5.08%
3Y Avg
-6.88%
5Y Avg
-6.94%
Market Cap
$105.42B
Return on Invested Capital (ROIC)
36.69%
TTM Avg
31.05%
3Y Avg
27.82%
5Y Avg
27.06%
Market Cap
$129.11B
Return on Invested Capital (ROIC)
8.98%
TTM Avg
9.10%
3Y Avg
7.41%
5Y Avg
6.12%
Market Cap
$93.42B
Return on Invested Capital (ROIC)
14.11%
TTM Avg
13.77%
3Y Avg
18.23%
5Y Avg
18.78%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| AppLovin Corporation (APP) | $116.50B | 60.71% | 49.88% | 28.52% | 18.75% |
| Fortinet, Inc. (FTNT)vs › | $117.13B | 28.75% | 27.98% | 29.21% | 26.02% |
| Snowflake Inc. (SNOW)vs › | $114.55B | -30.15% | -27.70% | -22.31% | -18.89% |
| Automatic Data Processing, Inc. (ADP)vs › | $108.46B | 23.85% | 24.26% | 32.39% | 31.71% |
| Accenture plc (ACN)vs › | $107.53B | 16.99% | 17.99% | 19.80% | 19.97% |
| Cloudflare, Inc. (NET)vs › | $106.58B | -4.10% | -5.08% | -6.88% | -6.94% |
| Adobe Inc. (ADBE)vs › | $105.42B | 36.69% | 31.05% | 27.82% | 27.06% |
| ServiceNow, Inc. (NOW)vs › | $129.11B | 8.98% | 9.10% | 7.41% | 6.12% |
| Cadence Design Systems, Inc. (CDNS)vs › | $93.42B | 14.11% | 13.77% | 18.23% | 18.78% |
| Corning Inc (GLW)vs › | $142.72B | 7.54% | 5.55% | 4.62% | 4.43% |
ROIC
60.7%
ROE
139.4%
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 | 60.71% |
| 2024-12-31 | 39.04% |
| 2023-12-31 | 15.18% |
| 2022-12-31 | -0.85% |
| 2021-12-31 | 2.05% |
| 2020-12-31 | -3.61% |
| 2019-12-31 | 18.74% |
| 2018-12-31 | 57.32% |
