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 37.49% is 18% above its 5-year average of 31.78%, near the high end of its 5-year range (25.02%–37.49%).
As of the fiscal period ended Tuesday, June 30, 2026. 7.90% above its 12-month average of 34.75%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 37.49%.
RETURN ON INVESTED CAPITAL (ROIC)
37.49%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
34.75%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
31.83%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
31.78%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
23.23%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
21.41%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
20.40%
CURRENT VS TTM AVG
+7.90%
CURRENT VS 3Y AVG
+17.80%
CURRENT VS 5Y AVG
+17.96%
CURRENT VS 10Y AVG
+61.42%
CURRENT VS 15Y AVG
+75.11%
CURRENT VS 20Y AVG
+83.80%
SECTOR MEDIAN · TECHNOLOGY
8.17%
median of 193 covered companies
CURRENT VS SECTOR MEDIAN
+358.89%
vs the sector median at left
ASML Holding N.V.
Market Cap
$647.47B
Return on Invested Capital (ROIC)
37.49%
TTM Avg
34.75%
3Y Avg
31.83%
5Y Avg
31.78%
Market Cap
$547.78B
Return on Invested Capital (ROIC)
0.05%
TTM Avg
-3.55%
3Y Avg
-1.38%
5Y Avg
1.34%
Market Cap
$431.63B
Return on Invested Capital (ROIC)
12.96%
TTM Avg
12.31%
3Y Avg
13.13%
5Y Avg
13.79%
Market Cap
$425.16B
Return on Invested Capital (ROIC)
7.68%
TTM Avg
9.43%
3Y Avg
10.21%
5Y Avg
10.72%
Market Cap
$407.87B
Return on Invested Capital (ROIC)
25.60%
TTM Avg
11.80%
3Y Avg
5.23%
5Y Avg
-8.54%
Market Cap
$912.84B
Return on Invested Capital (ROIC)
7.58%
TTM Avg
3.95%
3Y Avg
2.65%
5Y Avg
9.51%
Market Cap
$377.96B
Return on Invested Capital (ROIC)
22.65%
TTM Avg
14.86%
3Y Avg
12.60%
5Y Avg
11.91%
Market Cap
$360.30B
Return on Invested Capital (ROIC)
40.77%
TTM Avg
37.48%
3Y Avg
33.35%
5Y Avg
33.83%
Market Cap
$352.97B
Return on Invested Capital (ROIC)
23.58%
TTM Avg
23.96%
3Y Avg
27.87%
5Y Avg
28.45%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| ASML Holding N.V. (ASML) | $647.47B | 37.49% | 34.75% | 31.83% | 31.78% |
| Intel Corp. (INTC)vs › | $547.78B | 0.05% | -3.55% | -1.38% | 1.34% |
| Cisco Systems, Inc. (CSCO)vs › | $431.63B | 12.96% | 12.31% | 13.13% | 13.79% |
| Oracle Corporation (ORCL)vs › | $425.16B | 7.68% | 9.43% | 10.21% | 10.72% |
| Palantir Technologies Inc. (PLTR)vs › | $407.87B | 25.60% | 11.80% | 5.23% | -8.54% |
| Advanced Micro Devices, Inc. (AMD)vs › | $912.84B | 7.58% | 3.95% | 2.65% | 9.51% |
| Dell Technologies Inc. (DELL)vs › | $377.96B | 22.65% | 14.86% | 12.60% | 11.91% |
| Lam Research Corporation (LRCX)vs › | $360.30B | 40.77% | 37.48% | 33.35% | 33.83% |
| Applied Materials, Inc. (AMAT)vs › | $352.97B | 23.58% | 23.96% | 27.87% | 28.45% |
| Palo Alto Networks, Inc. (PANW)vs › | $296.32B | 1.03% | 3.35% | 3.82% | 1.38% |
ROIC
37.5%
ROE
49.5%
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 | 37.49% |
| 2026-03-31 | 35.34% |
| 2025-12-31 | 34.87% |
| 2025-09-28 | 33.61% |
| 2025-06-30 | 32.42% |
| 2025-03-31 | 30.86% |
| 2024-12-31 | 25.79% |
| 2024-09-30 | 25.81% |
| 2024-06-30 | 26.98% |
| 2024-03-31 | 28.78% |
| 2023-12-31 | 31.59% |
| 2023-09-30 | 35.39% |
| 2023-06-30 | 34.82% |
| 2023-04-02 | 36.01% |
| 2022-12-31 | 29.71% |
| 2022-10-02 | 34.66% |
| 2022-06-30 | 33.75% |
| 2022-03-31 | 31.70% |
| 2021-12-31 | 32.60% |
| 2021-09-30 | 30.27% |
| 2021-06-30 | 25.02% |
| 2021-03-31 | 22.05% |
| 2020-12-31 | 16.32% |
| 2020-09-30 | 15.75% |
| 2020-06-30 | 14.59% |
| 2020-03-31 | 14.15% |
| 2019-12-31 | 14.59% |
| 2019-09-30 | 13.55% |
| 2019-06-30 | 14.08% |
| 2019-03-31 | 14.80% |
| 2018-12-31 | 16.36% |
| 2018-09-30 | 16.18% |
| 2018-06-30 | 15.79% |
| 2018-03-31 | 12.83% |
| 2017-12-31 | 13.73% |
| 2017-09-30 | 12.73% |
| 2017-06-30 | 11.16% |
| 2017-03-31 | 12.05% |
| 2016-12-31 | 10.77% |
| 2016-09-30 | 11.00% |
| 2016-06-30 | 12.33% |
| 2016-03-31 | 11.83% |
| 2015-12-31 | 13.89% |
| 2015-09-30 | 14.22% |
| 2015-06-30 | 14.02% |
| 2015-03-31 | 15.68% |
| 2014-12-31 | 13.98% |
| 2014-09-30 | 16.17% |
| 2014-06-30 | 15.22% |
| 2014-03-31 | 13.35% |
| 2013-12-31 | 10.86% |
| 2013-09-30 | 8.83% |
| 2013-06-30 | 10.85% |
| 2013-03-31 | 17.91% |
| 2012-12-31 | 21.34% |
| 2012-09-30 | 13.79% |
| 2012-06-30 | 22.62% |
| 2012-03-31 | 25.99% |
| 2011-12-31 | 31.01% |
| 2011-09-30 | 32.36% |
| 2011-06-30 | 29.81% |
| 2011-03-31 | 27.63% |
| 2010-12-31 | 25.18% |
| 2010-09-30 | 19.73% |
| 2010-06-30 | 14.59% |
| 2010-03-31 | 2.89% |
| 2009-12-31 | -5.56% |
| 2009-09-30 | -12.99% |
| 2009-06-30 | -11.96% |
| 2009-03-31 | -0.70% |
| 2008-12-31 | 11.09% |
| 2008-09-30 | 21.83% |
| 2008-06-30 | 22.68% |
| 2008-03-31 | 21.24% |
| 2007-12-31 | 22.81% |
| 2007-09-30 | 22.83% |
| 2007-06-30 | 18.27% |
| 2007-03-31 | 23.85% |
| 2006-12-31 | 21.85% |
| 2006-09-30 | 20.19% |
| 2006-06-30 | 15.07% |
| 2006-03-31 | 12.35% |
| 2005-12-31 | 14.33% |
| 2005-09-30 | 14.59% |
| 2005-06-30 | 14.74% |
| 2005-03-31 | 12.59% |
| 2004-12-31 | 9.61% |
| 2004-09-30 | 6.46% |
| 2004-06-30 | 4.37% |
| 2004-03-31 | -1.05% |
| 2003-12-31 | -6.19% |
| 2003-09-30 | -57.79% |
| 2003-06-30 | -36.50% |
