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 -5.41% is 291% below its 5-year average of -1.39%, near the low end of its 5-year range (-6.53%–4.04%).
As of the fiscal period ended Wednesday, December 31, 2025. 6.71% below its 12-month average of -5.07%.
Annual fiscal-year return on invested capital; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
-5.41%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
-5.07%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
-3.35%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
-1.39%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
0.36%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
1.94%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
2.05%
CURRENT VS TTM AVG
-6.71%
CURRENT VS 3Y AVG
-61.61%
CURRENT VS 5Y AVG
-290.61%
CURRENT VS 10Y AVG
-1610.41%
CURRENT VS 15Y AVG
-378.96%
CURRENT VS 20Y AVG
-363.52%
SECTOR MEDIAN · TECHNOLOGY
8.08%
median of 177 covered companies
CURRENT VS SECTOR MEDIAN
-166.96%
vs the sector median at left
AXT, Inc.
Market Cap
$2.19B
Return on Invested Capital (ROIC)
-5.41%
TTM Avg
-5.07%
3Y Avg
-3.35%
5Y Avg
-1.39%
Market Cap
$2.57B
Return on Invested Capital (ROIC)
-12.00%
TTM Avg
-12.71%
3Y Avg
-32.07%
5Y Avg
-22.71%
Market Cap
$1.63B
Return on Invested Capital (ROIC)
-48.28%
TTM Avg
-50.66%
3Y Avg
-51.62%
5Y Avg
-48.69%
Market Cap
$2.99B
Return on Invested Capital (ROIC)
-13.25%
TTM Avg
-17.66%
3Y Avg
-18.17%
5Y Avg
-14.92%
Market Cap
$3.02B
Return on Invested Capital (ROIC)
-4.73%
TTM Avg
-2.80%
3Y Avg
0.50%
5Y Avg
3.01%
Market Cap
$1.24B
Return on Invested Capital (ROIC)
-68.18%
TTM Avg
-52.14%
3Y Avg
-42.04%
5Y Avg
-32.15%
Market Cap
$3.15B
Return on Invested Capital (ROIC)
2.79%
TTM Avg
4.47%
3Y Avg
5.64%
5Y Avg
5.58%
Market Cap
$909.57M
Return on Invested Capital (ROIC)
-17.74%
TTM Avg
-62.69%
3Y Avg
-166.47%
5Y Avg
-151.85%
Market Cap
$860.58M
Return on Invested Capital (ROIC)
2.48%
TTM Avg
2.02%
3Y Avg
1.51%
5Y Avg
1.59%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| AXT, Inc. (AXTI) | $2.19B | -5.41% | -5.07% | -3.35% | -1.39% |
| Keel Infrastructure Corp. (KEEL)vs › | $2.57B | -12.00% | -12.71% | -32.07% | -22.71% |
| Asana, Inc. (ASAN)vs › | $1.63B | -48.28% | -50.66% | -51.62% | -48.69% |
| Ambarella, Inc. (AMBA)vs › | $2.99B | -13.25% | -17.66% | -18.17% | -14.92% |
| Ichor Holdings, Ltd. (ICHR)vs › | $3.02B | -4.73% | -2.80% | 0.50% | 3.01% |
| C3.ai, Inc. (AI)vs › | $1.24B | -68.18% | -52.14% | -42.04% | -32.15% |
| Veeco Instruments Inc. (VECO)vs › | $3.15B | 2.79% | 4.47% | 5.64% | 5.58% |
| POET Technologies Inc. (POET)vs › | $909.57M | -17.74% | -62.69% | -166.47% | -151.85% |
| ZoomInfo Technologies Inc. (GTM)vs › | $860.58M | 2.48% | 2.02% | 1.51% | 1.59% |
| PagerDuty, Inc. (PD)vs › | $828.21M | 0.84% | -4.41% | -11.72% | -12.38% |
ROIC
-5.4%
ROE
-5.1%
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 | -5.41% |
| 2024-12-31 | -4.73% |
| 2023-12-31 | -6.53% |
| 2022-12-31 | 3.28% |
| 2021-12-31 | 4.04% |
| 2020-12-31 | 1.04% |
| 2019-12-31 | -0.16% |
| 2018-12-31 | 5.75% |
| 2017-12-31 | 6.21% |
| 2016-12-31 | 3.97% |
| 2015-12-31 | -3.52% |
| 2014-12-31 | -1.94% |
| 2013-12-31 | -5.16% |
| 2012-12-31 | 3.39% |
| 2011-12-31 | 16.35% |
| 2010-12-31 | 14.45% |
| 2009-12-31 | -1.63% |
| 2008-12-31 | 0.08% |
| 2007-12-31 | 4.49% |
| 2006-12-31 | 7.09% |
| 2005-12-31 | -19.00% |
| 2004-12-31 | -19.13% |
| 2003-12-31 | -9.97% |
| 2002-12-31 | -52.42% |
| 2001-12-31 | 2.24% |
| 2000-12-31 | 5.93% |
| 1999-12-31 | 1.74% |
| 1998-12-31 | 9.28% |
