AXT (AXTI) ROIC: History & Chart

Name: AXT, Inc. (AXTI) Return on Invested Capital (ROIC) — historical time series
Creator: TGMCharts

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AXT, Inc.(AXTI)

Semiconductors · Fremont, CA

$65.43-3.48 (-5.06%)

Delayed quote: Sep 10, 2026, 2:05 PM EDT

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About AXT, Inc.

AXT, Inc. is a company dedicated to the design, development, production, and worldwide distribution of both compound and single-element semiconductor substrates. Leveraging its proprietary vertical gradient freeze technology, the firm manufactures these essential components. Its diverse product range includes indium phosphide substrates, vital for applications like data center connectivity (utilizing light and lasers), 5G communications, fiber optic lasers and detectors, passive optical networks, silicon photonics, photonic integrated circuits, terrestrial solar cells, RF amplification and switching, infrared LEDs for motion control, LiDAR in robotics and autonomous vehicles, and infrared thermal imaging. AXT also provides semi-insulating gallium arsenide (GaAs) substrates, which are critical for Wi-Fi and IoT devices, transistors, direct broadcast television, power amplifiers, satellite communications, and solar cells. Furthermore, its semi-conducting GaAs substrates find use in LEDs, screen displays, printer head lasers and LEDs, 3D sensing via VCSELs, data center communication using VCSELs, sensors for industrial robotics and near-infrared applications, optical couplers, solar cells, night vision goggles, LiDAR for robotics and autonomous vehicles, and various other laser technologies such as machining, cutting, and drilling. Germanium substrates are another key offering, employed in multi-junction solar cells for satellites, optical sensors and detectors, terrestrial concentrated photovoltaic cells, infrared detectors, and as carrier wafers for LEDs. Beyond these substrates, AXT supplies high-purity materials including 6N+ and 7N+ purified gallium, boron trioxide, gallium-magnesium alloy, along with pyrolytic boron nitride (pBN) crucibles and pBN insulating parts. The company distributes its products via a direct salesforce in the United States, China, and Europe, alongside independent sales representatives and distributors across Japan, Taiwan, Korea, and other international markets. Established in 1986 as American Xtal Technology, Inc., the company rebranded to AXT, Inc. in July 2000 and is headquartered in Fremont, California.

Fremont, CA

1,541 employees

investors.axt.com

Technology / Semiconductors

Sector: Technology
Industry: Semiconductors
CEO: Morris S. Young

View full financials

AXTI Return on Invested Capital (ROIC) Metrics

RETURN ON INVESTED CAPITAL (ROIC)

0.23%

RETURN ON INVESTED CAPITAL (ROIC) AVG TTM

-4.98%

RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y

-5.09%

RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y

-1.81%

RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y

0.60%

RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y

0.38%

RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y

0.82%

CURRENT VS TTM AVG

+104.65%

CURRENT VS 3Y AVG

+104.55%

CURRENT VS 5Y AVG

+112.83%

CURRENT VS 10Y AVG

-61.20%

CURRENT VS 15Y AVG

-39.46%

CURRENT VS 20Y AVG

-71.70%

SECTOR MEDIAN · TECHNOLOGY

8.17%

median of 193 covered companies

CURRENT VS SECTOR MEDIAN

-97.16%

vs the sector median at left

NAME	MARKET CAP	RETURN ON INVESTED CAPITAL (ROIC)	TTM	3Y	5Y
AXT, Inc. (AXTI)	$3.32B	0.23%	-4.98%	-5.09%	-1.81%
Axcelis Technologies, Inc. (ACLS)vs ›	$3.52B	6.58%	12.52%	18.35%	16.71%
monday.com Ltd. (MNDY)vs ›	$3.57B	4.62%	-0.95%	-6.22%	-73.15%
Ambarella, Inc. (AMBA)vs ›	$3.02B	-9.29%	-17.80%	-18.59%	-15.30%
Bel Fuse Inc. (BELFB)vs ›	$2.96B	9.24%	8.32%	11.76%	9.86%
Bitdeer Technologies Group (BTDR)vs ›	$2.72B	-8.92%	-10.88%	-11.48%	-9.39%
Veeco Instruments Inc. (VECO)vs ›	$2.70B	1.89%	4.48%	5.67%	5.61%
Wix.com Ltd. (WIX)vs ›	$3.97B	-33.24%	4.75%	-5.82%	-10.73%
Itron, Inc. (ITRI)vs ›	$4.08B	7.58%	8.26%	5.23%	2.71%
nCino, Inc. (NCNO)vs ›	$2.36B	3.87%	-0.56%	-3.25%	-4.81%

NAME

MARKET CAP

RETURN ON INVESTED CAPITAL (ROIC)

TTM

AXT, Inc. (AXTI)

$3.32B

0.23%

-4.98%

-5.09%

-1.81%

Axcelis Technologies, Inc. (ACLS)vs ›

$3.52B

6.58%

12.52%

18.35%

16.71%

monday.com Ltd. (MNDY)vs ›

$3.57B

4.62%

-0.95%

-6.22%

-73.15%

Ambarella, Inc. (AMBA)vs ›

$3.02B

-9.29%

-17.80%

-18.59%

-15.30%

Bel Fuse Inc. (BELFB)vs ›

$2.96B

9.24%

8.32%

11.76%

9.86%

Bitdeer Technologies Group (BTDR)vs ›

$2.72B

-8.92%

-10.88%

-11.48%

-9.39%

Veeco Instruments Inc. (VECO)vs ›

$2.70B

1.89%

4.48%

5.67%

5.61%

Wix.com Ltd. (WIX)vs ›

$3.97B

-33.24%

4.75%

-5.82%

-10.73%

Itron, Inc. (ITRI)vs ›

$4.08B

7.58%

8.26%

5.23%

2.71%

nCino, Inc. (NCNO)vs ›

$2.36B

3.87%

-0.56%

-3.25%

-4.81%

Return on Invested Capital (ROIC) Formula & Definition

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.

Return on Invested Capital (ROIC) FAQ

What is the return on invested capital (ROIC) for AXT, Inc. (AXTI)?

The return on invested capital (ROIC) for AXTI stock is 0.23%.

Is AXT, Inc.'s return on invested capital (ROIC) high or low?

The return on invested capital (ROIC) of 0.23% is 113% above its 5-year average of -1.81%, around the middle of its 5-year range (-8.71%–4.61%).

What is the TTM average return on invested capital (ROIC) for AXT, Inc. (AXTI)?

The TTM average return on invested capital (ROIC) for AXTI stock is -4.98%.

What is the 3Y average return on invested capital (ROIC) for AXT, Inc. (AXTI)?

The 3Y average return on invested capital (ROIC) for AXTI stock is -5.09%.

What is the 5Y average return on invested capital (ROIC) for AXT, Inc. (AXTI)?

The 5Y average return on invested capital (ROIC) for AXTI stock is -1.81%.

What is the 10Y average return on invested capital (ROIC) for AXT, Inc. (AXTI)?

The 10Y average return on invested capital (ROIC) for AXTI stock is 0.60%.

What is the 15Y average return on invested capital (ROIC) for AXT, Inc. (AXTI)?

The 15Y average return on invested capital (ROIC) for AXTI stock is 0.38%.

What is the 20Y average return on invested capital (ROIC) for AXT, Inc. (AXTI)?

The 20Y average return on invested capital (ROIC) for AXTI stock is 0.82%.

DATE	RETURN ON INVESTED CAPITAL (ROIC)
2026-06-30	0.23%
2026-03-31	-3.20%
2025-12-31	-5.41%
2025-09-30	-7.82%
2025-06-30	-8.71%
2025-03-31	-6.99%
2024-12-31	-4.74%
2024-09-30	-3.69%
2024-06-30	-4.77%
2024-03-31	-6.28%
2023-12-31	-6.53%
2023-09-30	-5.94%
2023-06-30	-2.38%
2023-03-31	1.11%
2022-12-31	3.29%
2022-09-30	4.61%
2022-06-30	4.20%
2022-03-31	3.94%
2021-12-31	4.05%
2021-09-30	3.65%
2021-06-30	3.44%
2021-03-31	2.33%
2020-12-31	1.04%
2020-09-30	-0.20%
2020-06-30	-1.68%
2020-03-31	-0.43%
2019-12-31	-0.16%
2019-09-30	0.92%
2019-06-30	2.71%
2019-03-31	4.03%
2018-12-31	5.75%
2018-09-30	7.82%
2018-06-30	8.44%
2018-03-31	7.25%
2017-12-31	6.21%
2017-09-30	5.76%
2017-06-30	4.51%
2017-03-31	3.90%
2016-12-31	3.97%
2016-09-30	0.96%
2016-06-30	-0.70%
2016-03-31	-1.91%
2015-12-31	-3.52%
2015-09-30	-2.70%
2015-06-30	-0.93%
2015-03-31	-0.83%
2014-12-31	-1.94%
2014-09-30	-2.63%
2014-06-30	-4.87%
2014-03-31	-6.03%
2013-12-31	-5.15%
2013-09-30	-4.70%
2013-06-30	-2.44%
2013-03-31	0.50%
2012-12-31	3.39%
2012-09-30	6.16%
2012-06-30	10.46%
2012-03-31	14.85%
2011-12-31	16.35%
2011-09-30	18.06%
2011-06-30	18.01%
2011-03-31	16.28%
2010-12-31	14.45%
2010-09-30	14.31%
2010-06-30	11.29%
2010-03-31	5.84%
2009-12-31	-1.63%
2009-09-30	-8.30%
2009-06-30	-11.51%
2009-03-31	-7.60%
2008-12-31	-0.02%
2008-09-30	3.23%
2008-06-30	4.93%
2008-03-31	4.74%
2007-12-31	4.49%
2007-09-30	4.90%
2007-06-30	2.95%
2007-03-31	-0.19%
2006-12-31	-4.04%
2006-09-30	-12.88%
2006-06-30	-15.07%
2006-03-31	-16.90%
2005-12-31	-20.41%
2005-09-30	-19.51%
2005-06-30	-23.75%
2005-03-31	-23.29%
2004-12-31	-19.13%
2004-09-30	-17.35%
2004-06-30	-12.65%
2004-03-31	-10.41%
2003-12-31	-11.74%
2003-09-30	-25.39%
2003-06-30	-44.53%

DATE

RETURN ON INVESTED CAPITAL (ROIC)

2026-06-30

0.23%

2026-03-31

-3.20%

2025-12-31

-5.41%

2025-09-30

-7.82%

2025-06-30

-8.71%

2025-03-31

-6.99%

2024-12-31

-4.74%

2024-09-30

-3.69%

2024-06-30

-4.77%

2024-03-31

-6.28%

2023-12-31

-6.53%

2023-09-30

-5.94%

2023-06-30

-2.38%

2023-03-31

1.11%

2022-12-31

3.29%

2022-09-30

4.61%

2022-06-30

4.20%

2022-03-31

3.94%

2021-12-31

4.05%

2021-09-30

3.65%

2021-06-30

3.44%

2021-03-31

2.33%

2020-12-31

1.04%

2020-09-30

-0.20%

2020-06-30

-1.68%

2020-03-31

-0.43%

2019-12-31

-0.16%

2019-09-30

0.92%

2019-06-30

2.71%

2019-03-31

4.03%

2018-12-31

5.75%

2018-09-30

7.82%

2018-06-30

8.44%

2018-03-31

7.25%

2017-12-31

6.21%

2017-09-30

5.76%

2017-06-30

4.51%

2017-03-31

3.90%

2016-12-31

3.97%

2016-09-30

0.96%

2016-06-30

-0.70%

2016-03-31

-1.91%

2015-12-31

-3.52%

2015-09-30

-2.70%

2015-06-30

-0.93%

2015-03-31

-0.83%

2014-12-31

-1.94%

2014-09-30

-2.63%

2014-06-30

-4.87%

2014-03-31

-6.03%

2013-12-31

-5.15%

2013-09-30

-4.70%

2013-06-30

-2.44%

2013-03-31

0.50%

2012-12-31

3.39%

2012-09-30

6.16%

2012-06-30

10.46%

2012-03-31

14.85%

2011-12-31

16.35%

2011-09-30

18.06%

2011-06-30

18.01%

2011-03-31

16.28%

2010-12-31

14.45%

2010-09-30

14.31%

2010-06-30

11.29%

2010-03-31

5.84%

2009-12-31

-1.63%

2009-09-30

-8.30%

2009-06-30

-11.51%

2009-03-31

-7.60%

2008-12-31

-0.02%

2008-09-30

3.23%

2008-06-30

4.93%

2008-03-31

4.74%

2007-12-31

4.49%

2007-09-30

4.90%

2007-06-30

2.95%

2007-03-31

-0.19%

2006-12-31

-4.04%

2006-09-30

-12.88%

2006-06-30

-15.07%

2006-03-31

-16.90%

2005-12-31

-20.41%

2005-09-30

-19.51%

2005-06-30

-23.75%

2005-03-31

-23.29%

2004-12-31

-19.13%

2004-09-30

-17.35%

2004-06-30

-12.65%

2004-03-31

-10.41%

2003-12-31

-11.74%

2003-09-30

-25.39%

2003-06-30

-44.53%

Return on Invested Capital (ROIC): 0.23%

AXTI Return on Invested Capital (ROIC)

AXTI Average Return on Invested Capital (ROIC) Chart

AXTI Current vs Average Return on Invested Capital (ROIC) Chart

AXTI Return on Invested Capital (ROIC) Metrics

AXTI Competitors' Return on Invested Capital (ROIC)

Capital Efficiency

Return on Invested Capital (ROIC) Formula & Definition

Return on Invested Capital (ROIC) FAQ

AXTI Return on Invested Capital (ROIC) History

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