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 9.24% is 16% below its 5-year average of 11.01%, near the low end of its 5-year range (6.23%–17.77%).
As of the fiscal period ended Tuesday, June 30, 2026. 0.77% above its 12-month average of 9.17%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 9.24%.
RETURN ON INVESTED CAPITAL (ROIC)
9.24%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
9.17%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
11.74%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
11.01%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
7.85%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
5.61%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
5.45%
CURRENT VS TTM AVG
+0.77%
CURRENT VS 3Y AVG
-21.25%
CURRENT VS 5Y AVG
-16.08%
CURRENT VS 10Y AVG
+17.72%
CURRENT VS 15Y AVG
+64.78%
CURRENT VS 20Y AVG
+69.46%
SECTOR MEDIAN · TECHNOLOGY
2.82%
median of 446 covered companies
CURRENT VS SECTOR MEDIAN
+227.73%
vs the sector median at left
Bel Fuse Inc.
Market Cap
$3.11B
Return on Invested Capital (ROIC)
9.24%
TTM Avg
9.17%
3Y Avg
11.74%
5Y Avg
11.01%
Market Cap
$3.10B
Return on Invested Capital (ROIC)
8.56%
TTM Avg
5.16%
3Y Avg
5.04%
5Y Avg
5.56%
Market Cap
$3.12B
Return on Invested Capital (ROIC)
-11.63%
TTM Avg
-11.63%
3Y Avg
-11.63%
5Y Avg
-11.63%
Market Cap
$3.16B
Return on Invested Capital (ROIC)
9.24%
TTM Avg
8.32%
3Y Avg
11.76%
5Y Avg
9.86%
Market Cap
$3.20B
Return on Invested Capital (ROIC)
9.54%
TTM Avg
3.95%
3Y Avg
-3.17%
5Y Avg
-8.67%
Market Cap
$3.01B
Return on Invested Capital (ROIC)
-9.32%
TTM Avg
-17.80%
3Y Avg
-18.59%
5Y Avg
-15.30%
Market Cap
$2.99B
Return on Invested Capital (ROIC)
-16.36%
TTM Avg
-21.62%
3Y Avg
-25.33%
5Y Avg
-27.09%
Market Cap
$3.33B
Return on Invested Capital (ROIC)
2.27%
TTM Avg
3.06%
3Y Avg
3.17%
5Y Avg
5.51%
Market Cap
$2.89B
Return on Invested Capital (ROIC)
-11.53%
TTM Avg
-8.28%
3Y Avg
-10.25%
5Y Avg
-12.73%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Bel Fuse Inc. (BELFA) | $3.11B | 9.24% | 9.17% | 11.74% | 11.01% |
| Extreme Networks, Inc. (EXTR)vs › | $3.10B | 8.56% | 5.16% | 5.04% | 5.56% |
| Ionic Digital Inc. Class A (IOND)vs › | $3.12B | -11.63% | -11.63% | -11.63% | -11.63% |
| Bel Fuse Inc. (BELFB)vs › | $3.16B | 9.24% | 8.32% | 11.76% | 9.86% |
| AvePoint, Inc. (AVPT)vs › | $3.20B | 9.54% | 3.95% | -3.17% | -8.67% |
| Ambarella, Inc. (AMBA)vs › | $3.01B | -9.32% | -17.80% | -18.59% | -15.30% |
| Braze, Inc. (BRZE)vs › | $2.99B | -16.36% | -21.62% | -25.33% | -27.09% |
| Ultra Clean Holdings, Inc. (UCTT)vs › | $3.33B | 2.27% | 3.06% | 3.17% | 5.51% |
| Intapp, Inc. (INTA)vs › | $2.89B | -11.53% | -8.28% | -10.25% | -12.73% |
| Appian Corporation (APPN)vs › | $2.86B | 5.53% | -10.96% | -24.95% | -23.24% |
ROIC
9.2%
ROE
6.6%
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 | 9.24% |
| 2026-03-31 | 10.57% |
| 2025-12-31 | 10.40% |
| 2025-09-30 | 8.82% |
| 2025-06-30 | 6.83% |
| 2025-03-31 | 6.54% |
| 2024-12-31 | 6.23% |
| 2024-09-30 | 11.32% |
| 2024-06-30 | 14.01% |
| 2024-03-31 | 16.27% |
| 2023-12-31 | 16.91% |
| 2023-09-30 | 17.67% |
| 2023-06-30 | 17.77% |
| 2023-03-31 | 15.07% |
| 2022-12-31 | 13.70% |
| 2022-09-30 | 12.48% |
| 2022-06-30 | 10.09% |
| 2022-03-31 | 7.49% |
| 2021-12-31 | 7.10% |
| 2021-09-30 | 6.24% |
| 2021-06-30 | 6.54% |
| 2021-03-31 | 6.12% |
| 2020-12-31 | 4.97% |
| 2020-09-30 | 2.74% |
| 2020-06-30 | -0.63% |
| 2020-03-31 | -0.94% |
| 2019-12-31 | 0.13% |
| 2019-09-30 | 1.74% |
| 2019-06-30 | 6.94% |
| 2019-03-31 | 7.83% |
| 2018-12-31 | 7.64% |
| 2018-09-30 | 3.51% |
| 2018-06-30 | 2.94% |
| 2018-03-31 | 2.29% |
| 2017-12-31 | 2.59% |
| 2017-09-30 | 4.68% |
| 2017-06-30 | 6.20% |
| 2017-03-31 | 8.27% |
| 2016-12-31 | -22.13% |
| 2016-09-30 | -22.54% |
| 2016-06-30 | -22.99% |
| 2016-03-31 | -23.62% |
| 2015-12-31 | 4.41% |
| 2015-09-30 | 4.16% |
| 2015-06-30 | 4.28% |
| 2015-03-31 | 3.26% |
| 2014-12-31 | 2.34% |
| 2014-09-30 | 3.18% |
| 2014-06-30 | 5.32% |
| 2014-03-31 | 8.06% |
| 2013-12-31 | 6.53% |
| 2013-09-30 | 2.56% |
| 2013-06-30 | -0.43% |
| 2013-03-31 | -0.51% |
| 2012-12-31 | 0.74% |
| 2012-09-30 | 2.32% |
| 2012-06-30 | 1.58% |
| 2012-03-31 | 1.08% |
| 2011-12-31 | 1.73% |
| 2011-09-30 | 1.50% |
| 2011-06-30 | 4.79% |
| 2011-03-31 | 7.17% |
| 2010-12-31 | 5.75% |
| 2010-09-30 | 5.36% |
| 2010-06-30 | -5.00% |
| 2010-03-31 | -9.05% |
| 2009-12-31 | -7.96% |
| 2009-09-30 | -15.97% |
| 2009-06-30 | -7.66% |
| 2009-03-31 | -4.76% |
| 2008-12-31 | -4.63% |
| 2008-09-30 | 6.89% |
| 2008-06-30 | 7.32% |
| 2008-03-31 | 7.30% |
| 2007-12-31 | 8.13% |
| 2007-09-30 | 6.24% |
| 2007-06-30 | 7.23% |
| 2007-03-31 | 7.71% |
| 2006-12-31 | 8.27% |
| 2006-09-30 | 8.11% |
| 2006-06-30 | 7.79% |
| 2006-03-31 | 8.88% |
| 2005-12-31 | 9.48% |
| 2005-09-30 | 11.19% |
| 2005-06-30 | 12.15% |
| 2005-03-31 | 10.83% |
| 2004-12-31 | 11.57% |
| 2004-09-30 | 11.55% |
| 2004-06-30 | 10.35% |
| 2004-03-31 | 9.75% |
| 2003-12-31 | 8.27% |
| 2003-09-30 | 4.78% |
| 2003-06-30 | 3.49% |