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 -7.32% is 70% above its 5-year average of -24.43%, near the high end of its 5-year range (-33.46%–-7.32%).
As of the fiscal period ended Tuesday, June 30, 2026. 40.94% above its 12-month average of -12.40%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): -7.32%.
RETURN ON INVESTED CAPITAL (ROIC)
-7.32%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
-12.40%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
-21.29%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
-24.43%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
-25.83%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
-20.62%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
-19.58%
CURRENT VS TTM AVG
+40.94%
CURRENT VS 3Y AVG
+65.60%
CURRENT VS 5Y AVG
+70.03%
CURRENT VS 10Y AVG
+71.65%
CURRENT VS 15Y AVG
+64.48%
CURRENT VS 20Y AVG
+62.60%
SECTOR MEDIAN · HEALTHCARE
-33.61%
median of 660 covered companies
CURRENT VS SECTOR MEDIAN
+78.22%
vs the sector median at left
Alphatec Holdings, Inc.
Market Cap
$1.64B
Return on Invested Capital (ROIC)
-7.32%
TTM Avg
-12.40%
3Y Avg
-21.29%
5Y Avg
-24.43%
Market Cap
$1.65B
Return on Invested Capital (ROIC)
-50.20%
TTM Avg
-38.39%
3Y Avg
-45.36%
5Y Avg
-41.83%
Market Cap
$1.63B
Return on Invested Capital (ROIC)
9.26%
TTM Avg
2.84%
3Y Avg
1.55%
5Y Avg
-0.61%
Market Cap
$1.62B
Return on Invested Capital (ROIC)
-47.99%
TTM Avg
-42.50%
3Y Avg
-275.02%
5Y Avg
-275.02%
Market Cap
$1.59B
Return on Invested Capital (ROIC)
2.43%
TTM Avg
0.22%
3Y Avg
-0.18%
5Y Avg
1.11%
Market Cap
$1.72B
Return on Invested Capital (ROIC)
-42.87%
TTM Avg
-29.07%
3Y Avg
-38.98%
5Y Avg
-32.39%
Market Cap
$1.72B
Return on Invested Capital (ROIC)
10.03%
TTM Avg
-6.49%
3Y Avg
-7.14%
5Y Avg
-3.83%
Market Cap
$1.73B
Return on Invested Capital (ROIC)
9.23%
TTM Avg
-10.32%
3Y Avg
-22.84%
5Y Avg
-22.10%
Market Cap
$1.74B
Return on Invested Capital (ROIC)
-54.45%
TTM Avg
-54.60%
3Y Avg
-46.39%
5Y Avg
-38.46%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Alphatec Holdings, Inc. (ATEC) | $1.64B | -7.32% | -12.40% | -21.29% | -24.43% |
| Ocular Therapeutix, Inc. (OCUL)vs › | $1.65B | -50.20% | -38.39% | -45.36% | -41.83% |
| ANI Pharmaceuticals, Inc. (ANIP)vs › | $1.63B | 9.26% | 2.84% | 1.55% | -0.61% |
| Kestra Medical Technologies, Ltd. (KMTS)vs › | $1.62B | -47.99% | -42.50% | -275.02% | -275.02% |
| Omnicell, Inc. (OMCL)vs › | $1.59B | 2.43% | 0.22% | -0.18% | 1.11% |
| Personalis, Inc. (PSNL)vs › | $1.72B | -42.87% | -29.07% | -38.98% | -32.39% |
| DENTSPLY SIRONA Inc. (XRAY)vs › | $1.72B | 10.03% | -6.49% | -7.14% | -3.83% |
| Alignment Healthcare, Inc. (ALHC)vs › | $1.73B | 9.23% | -10.32% | -22.84% | -22.10% |
| Intellia Therapeutics, Inc. (NTLA)vs › | $1.74B | -54.45% | -54.60% | -46.39% | -38.46% |
| Innoviva, Inc. (INVA)vs › | $1.54B | 8.36% | 8.44% | 9.74% | 16.58% |
ROIC
-7.3%
ROE
N/A
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 | -7.32% |
| 2026-03-31 | -9.03% |
| 2025-12-31 | -12.24% |
| 2025-09-30 | -15.39% |
| 2025-06-30 | -18.01% |
| 2025-03-31 | -21.76% |
| 2024-12-31 | -21.81% |
| 2024-09-30 | -26.57% |
| 2024-06-30 | -26.91% |
| 2024-03-31 | -29.02% |
| 2023-12-31 | -26.18% |
| 2023-09-30 | -30.58% |
| 2023-06-30 | -31.90% |
| 2023-03-31 | -30.92% |
| 2022-12-31 | -33.29% |
| 2022-09-30 | -33.46% |
| 2022-06-30 | -33.45% |
| 2022-03-31 | -32.50% |
| 2021-12-31 | -27.17% |
| 2021-09-30 | -21.19% |
| 2021-06-30 | -24.39% |
| 2021-03-31 | -17.70% |
| 2020-12-31 | -27.77% |
| 2020-09-30 | -49.24% |
| 2020-06-30 | -44.00% |
| 2020-03-31 | -46.62% |
| 2019-12-31 | -33.68% |
| 2019-09-30 | -27.20% |
| 2019-06-30 | -35.05% |
| 2019-03-31 | -34.79% |
| 2018-12-31 | -21.97% |
| 2018-09-30 | -17.56% |
| 2018-06-30 | -10.87% |
| 2018-03-31 | -5.42% |
| 2017-12-31 | -15.46% |
| 2017-09-30 | -23.06% |
| 2017-06-30 | -27.65% |
| 2017-03-31 | -25.73% |
| 2016-12-31 | -29.09% |
| 2016-09-30 | -27.11% |
| 2016-06-30 | -202.83% |
| 2016-03-31 | -188.78% |
| 2015-12-31 | -170.04% |
| 2015-09-30 | -150.39% |
| 2015-06-30 | 1.13% |
| 2015-03-31 | 2.84% |
| 2014-12-31 | 0.64% |
| 2014-09-30 | -19.67% |
| 2014-06-30 | -23.95% |
| 2014-03-31 | -25.93% |
| 2013-12-31 | -25.25% |
| 2013-09-30 | -6.81% |
| 2013-06-30 | -3.22% |
| 2013-03-31 | -3.46% |
| 2012-12-31 | -3.01% |
| 2012-09-30 | -7.11% |
| 2012-06-30 | -7.39% |
| 2012-03-31 | -6.99% |
| 2011-12-31 | -7.81% |
| 2011-09-30 | -2.94% |
| 2011-06-30 | -3.16% |
| 2011-03-31 | -3.07% |
| 2010-12-31 | -3.54% |
| 2010-09-30 | -3.06% |
| 2010-06-30 | -2.33% |
| 2010-03-31 | -3.29% |
| 2009-12-31 | -7.32% |
| 2009-09-30 | -10.16% |
| 2009-06-30 | -13.20% |
| 2009-03-31 | -12.20% |
| 2008-12-31 | -21.99% |
| 2008-09-30 | -29.43% |
| 2008-06-30 | -29.98% |
| 2008-03-31 | -27.19% |
| 2007-12-31 | -15.39% |
| 2007-09-30 | -12.86% |
| 2007-06-30 | -16.44% |
| 2007-03-31 | -19.49% |
| 2006-12-31 | -19.55% |
| 2006-09-30 | -49.46% |
| 2006-06-30 | -32.37% |
| 2006-03-31 | -25.70% |
| 2005-12-31 | -15.64% |
| 2004-12-31 | 2.26% |
