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 1.54% is 46% below its 5-year average of 2.87%, near the low end of its 5-year range (1.54%–4.40%).
As of the fiscal period ended Tuesday, June 30, 2026. 17.44% below its 12-month average of 1.86%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
1.54%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
1.86%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
2.62%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
2.87%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
2.53%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
2.99%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
4.44%
CURRENT VS TTM AVG
-17.44%
CURRENT VS 3Y AVG
-41.15%
CURRENT VS 5Y AVG
-46.37%
CURRENT VS 10Y AVG
-39.10%
CURRENT VS 15Y AVG
-48.45%
CURRENT VS 20Y AVG
-65.35%
SECTOR MEDIAN · HEALTHCARE
8.75%
median of 90 covered companies
CURRENT VS SECTOR MEDIAN
-82.40%
vs the sector median at left
Bio-Rad Laboratories, Inc.
Market Cap
$10.23B
Return on Invested Capital (ROIC)
1.54%
TTM Avg
1.86%
3Y Avg
2.62%
5Y Avg
2.87%
Market Cap
$10.25B
Return on Invested Capital (ROIC)
3.56%
TTM Avg
12.01%
3Y Avg
15.07%
5Y Avg
15.28%
Market Cap
$10.12B
Return on Invested Capital (ROIC)
6.53%
TTM Avg
6.69%
3Y Avg
7.80%
5Y Avg
8.31%
Market Cap
$10.12B
Return on Invested Capital (ROIC)
10.49%
TTM Avg
5.87%
3Y Avg
5.79%
5Y Avg
6.13%
Market Cap
$10.41B
Return on Invested Capital (ROIC)
11.74%
TTM Avg
10.95%
3Y Avg
8.97%
5Y Avg
9.05%
Market Cap
$9.94B
Return on Invested Capital (ROIC)
7.29%
TTM Avg
7.04%
3Y Avg
6.95%
5Y Avg
7.54%
Market Cap
$9.85B
Return on Invested Capital (ROIC)
16.04%
TTM Avg
12.65%
3Y Avg
9.01%
5Y Avg
7.29%
Market Cap
$10.99B
Return on Invested Capital (ROIC)
8.90%
TTM Avg
10.00%
3Y Avg
10.19%
5Y Avg
11.72%
Market Cap
$11.26B
Return on Invested Capital (ROIC)
-14.34%
TTM Avg
-61.05%
3Y Avg
-59.83%
5Y Avg
-54.60%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Bio-Rad Laboratories, Inc. (BIO) | $10.23B | 1.54% | 1.86% | 2.62% | 2.87% |
| Molina Healthcare, Inc. (MOH)vs › | $10.25B | 3.56% | 12.01% | 15.07% | 15.28% |
| Henry Schein, Inc. (HSIC)vs › | $10.12B | 6.53% | 6.69% | 7.80% | 8.31% |
| Globus Medical, Inc. (GMED)vs › | $10.12B | 10.49% | 5.87% | 5.79% | 6.13% |
| Universal Health Services, Inc. (UHS)vs › | $10.41B | 11.74% | 10.95% | 8.97% | 9.05% |
| The Ensign Group, Inc. (ENSG)vs › | $9.94B | 7.29% | 7.04% | 6.95% | 7.54% |
| Insulet Corp. (PODD)vs › | $9.85B | 16.04% | 12.65% | 9.01% | 7.29% |
| Align Technology, Inc. (ALGN)vs › | $10.99B | 8.90% | 10.00% | 10.19% | 11.72% |
| Tempus AI, Inc. (TEM)vs › | $11.26B | -14.34% | -61.05% | -59.83% | -54.60% |
| Bio-Techne Corporation (TECH)vs › | $11.32B | 7.86% | 5.36% | 7.03% | 8.47% |
ROIC
1.5%
ROE
3.1%
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 | 1.54% |
| 2026-03-31 | 1.96% |
| 2025-12-31 | 1.73% |
| 2025-09-30 | 2.45% |
| 2025-06-30 | 1.64% |
| 2025-03-31 | 2.75% |
| 2024-12-31 | 3.11% |
| 2024-09-30 | 3.12% |
| 2024-06-30 | 3.72% |
| 2024-03-31 | 2.72% |
| 2023-12-31 | 2.89% |
| 2023-09-30 | 3.19% |
| 2023-06-30 | 3.19% |
| 2023-03-31 | 3.01% |
| 2022-12-31 | 3.70% |
| 2022-09-30 | 4.06% |
| 2022-06-30 | 4.40% |
| 2022-03-31 | 3.90% |
| 2021-12-31 | 2.23% |
| 2021-09-30 | 2.25% |
| 2021-06-30 | 2.72% |
| 2021-03-31 | 2.54% |
| 2020-12-31 | 2.58% |
| 2020-09-30 | 2.00% |
| 2020-06-30 | 1.96% |
| 2020-03-31 | 2.33% |
| 2019-12-31 | 2.37% |
| 2019-09-30 | -0.66% |
| 2019-06-30 | -0.87% |
| 2019-03-31 | -1.10% |
| 2018-12-31 | -1.50% |
| 2018-09-30 | 2.16% |
| 2018-06-30 | 2.43% |
| 2018-03-31 | 1.89% |
| 2017-12-31 | 3.09% |
| 2017-09-30 | 0.95% |
| 2017-06-30 | 0.74% |
| 2017-03-31 | 1.02% |
| 2016-12-31 | 1.07% |
| 2016-09-30 | 3.01% |
| 2016-06-30 | 3.11% |
| 2016-03-31 | 3.64% |
| 2015-12-31 | 3.95% |
| 2015-09-30 | 3.65% |
| 2015-06-30 | 3.65% |
| 2015-03-31 | 3.92% |
| 2014-12-31 | 3.50% |
| 2014-09-30 | 3.23% |
| 2014-06-30 | 2.95% |
| 2014-03-31 | 3.29% |
| 2013-12-31 | 4.05% |
| 2013-09-30 | 4.77% |
| 2013-06-30 | 5.51% |
| 2013-03-31 | 6.14% |
| 2012-12-31 | 6.49% |
| 2012-09-30 | 7.32% |
| 2012-06-30 | 7.97% |
| 2012-03-31 | 7.75% |
| 2011-12-31 | 8.45% |
| 2011-09-30 | 9.58% |
| 2011-06-30 | 9.30% |
| 2011-03-31 | 9.75% |
| 2010-12-31 | 9.17% |
| 2010-09-30 | 8.84% |
| 2010-06-30 | 9.08% |
| 2010-03-31 | 8.94% |
| 2009-12-31 | 8.74% |
| 2009-09-30 | 6.71% |
| 2009-06-30 | 6.29% |
| 2009-03-31 | 7.98% |
| 2008-12-31 | 7.73% |
| 2008-09-30 | 8.76% |
| 2008-06-30 | 8.05% |
| 2008-03-31 | 6.78% |
| 2007-12-31 | 6.71% |
| 2007-09-30 | 7.09% |
| 2007-06-30 | 6.74% |
| 2007-03-31 | 7.50% |
| 2006-12-31 | 8.30% |
| 2006-09-30 | 8.99% |
| 2006-06-30 | 9.13% |
| 2006-03-31 | 8.45% |
| 2005-12-31 | 8.63% |
| 2005-09-30 | 7.62% |
| 2005-06-30 | 6.78% |
| 2005-03-31 | 7.10% |
| 2004-12-31 | 6.90% |
| 2004-09-30 | 9.70% |
| 2004-06-30 | 11.50% |
| 2004-03-31 | 12.00% |
| 2003-12-31 | 12.79% |
| 2003-09-30 | 13.77% |
| 2003-06-30 | 17.06% |