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 -11.29% is 22% above its 5-year average of -14.49%, around the middle of its 5-year range (-26.12%–-4.07%).
As of the fiscal period ended Tuesday, June 30, 2026. 35.05% above its 12-month average of -17.39%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): -11.29%.
RETURN ON INVESTED CAPITAL (ROIC)
-11.29%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
-17.39%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
-18.62%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
-14.49%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
-11.89%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
-16.15%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
-18.74%
CURRENT VS TTM AVG
+35.05%
CURRENT VS 3Y AVG
+39.37%
CURRENT VS 5Y AVG
+22.06%
CURRENT VS 10Y AVG
+5.02%
CURRENT VS 15Y AVG
+30.08%
CURRENT VS 20Y AVG
+39.74%
SECTOR MEDIAN · INDUSTRIALS
3.99%
median of 385 covered companies
CURRENT VS SECTOR MEDIAN
-383.01%
vs the sector median at left
Ballard Power Systems Inc.
Market Cap
$622.55M
Return on Invested Capital (ROIC)
-11.29%
TTM Avg
-17.39%
3Y Avg
-18.62%
5Y Avg
-14.49%
Market Cap
$614.06M
Return on Invested Capital (ROIC)
-1.67%
TTM Avg
0.57%
3Y Avg
2.31%
5Y Avg
1.18%
Market Cap
$586.60M
Return on Invested Capital (ROIC)
1.15%
TTM Avg
-1.38%
3Y Avg
2.26%
5Y Avg
1.45%
Market Cap
$584.67M
Return on Invested Capital (ROIC)
-23.50%
TTM Avg
-35.83%
3Y Avg
-33.13%
5Y Avg
-31.84%
Market Cap
$688.52M
Return on Invested Capital (ROIC)
4.93%
TTM Avg
5.00%
3Y Avg
5.60%
5Y Avg
6.32%
Market Cap
$692.05M
Return on Invested Capital (ROIC)
6.89%
TTM Avg
7.20%
3Y Avg
6.13%
5Y Avg
4.66%
Market Cap
$552.06M
Return on Invested Capital (ROIC)
7.54%
TTM Avg
5.11%
3Y Avg
8.25%
5Y Avg
8.48%
Market Cap
$549.75M
Return on Invested Capital (ROIC)
-6.00%
TTM Avg
-2.86%
3Y Avg
-0.64%
5Y Avg
0.11%
Market Cap
$702.11M
Return on Invested Capital (ROIC)
1.41%
TTM Avg
1.45%
3Y Avg
1.37%
5Y Avg
2.28%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Ballard Power Systems Inc. (BLDP) | $622.55M | -11.29% | -17.39% | -18.62% | -14.49% |
| Matthews International Corporation (MATW)vs › | $614.06M | -1.67% | 0.57% | 2.31% | 1.18% |
| Hertz Global Holdings, Inc. (HTZ)vs › | $586.60M | 1.15% | -1.38% | 2.26% | 1.45% |
| Enovix Corporation (ENVX)vs › | $584.67M | -23.50% | -35.83% | -33.13% | -31.84% |
| Kimball Electronics, Inc. (KE)vs › | $688.52M | 4.93% | 5.00% | 5.60% | 6.32% |
| Park-Ohio Holdings Corp. (PKOH)vs › | $692.05M | 6.89% | 7.20% | 6.13% | 4.66% |
| Pangaea Logistics Solutions, Ltd. (PANL)vs › | $552.06M | 7.54% | 5.11% | 8.25% | 8.48% |
| Kelly Services, Inc. (KELYA)vs › | $549.75M | -6.00% | -2.86% | -0.64% | 0.11% |
| Cass Information Systems, Inc. (CASS)vs › | $702.11M | 1.41% | 1.45% | 1.37% | 2.28% |
| Elmet Group Co. (ELMT)vs › | $709.71M | -5.77% | 8.29% | 8.29% | 8.29% |
ROIC
-11.3%
ROE
-13.7%
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 | -11.29% |
| 2026-03-31 | -14.46% |
| 2025-12-31 | -16.68% |
| 2025-09-30 | -20.23% |
| 2025-06-30 | -24.27% |
| 2025-03-31 | -24.92% |
| 2024-12-31 | -26.12% |
| 2024-09-30 | -24.99% |
| 2024-06-30 | -16.95% |
| 2024-03-31 | -16.18% |
| 2023-12-31 | -15.68% |
| 2023-09-30 | -15.24% |
| 2023-06-30 | -15.09% |
| 2023-03-31 | -14.82% |
| 2022-12-31 | -13.54% |
| 2022-09-30 | -11.87% |
| 2022-06-30 | -9.75% |
| 2022-03-31 | -7.86% |
| 2021-12-31 | -6.48% |
| 2021-09-30 | -5.38% |
| 2021-06-30 | -4.07% |
| 2021-03-31 | -3.14% |
| 2020-12-31 | -4.31% |
| 2020-09-30 | -6.35% |
| 2020-06-30 | -10.01% |
| 2020-03-31 | -9.14% |
| 2019-12-31 | -9.67% |
| 2019-09-30 | -9.24% |
| 2019-06-30 | -8.48% |
| 2019-03-31 | -7.85% |
| 2018-12-31 | -6.97% |
| 2018-09-30 | -12.01% |
| 2018-06-30 | -8.23% |
| 2018-03-31 | -6.35% |
| 2017-12-31 | -3.53% |
| 2017-09-30 | -2.81% |
| 2017-06-30 | -4.87% |
| 2017-03-31 | -7.83% |
| 2016-12-31 | -12.82% |
| 2016-09-30 | -16.95% |
| 2016-06-30 | -21.01% |
| 2016-03-31 | -22.33% |
| 2015-12-31 | -18.90% |
| 2015-09-30 | -33.35% |
| 2015-06-30 | -33.85% |
| 2015-03-31 | -28.25% |
| 2014-12-31 | -27.09% |
| 2014-09-30 | -10.59% |
| 2014-06-30 | -11.55% |
| 2014-03-31 | -15.15% |
| 2013-12-31 | -20.60% |
| 2013-09-30 | -28.04% |
| 2013-06-30 | -31.76% |
| 2013-03-31 | -30.12% |
| 2012-12-31 | -31.19% |
| 2012-09-30 | -24.54% |
| 2012-06-30 | -23.78% |
| 2012-03-31 | -24.37% |
| 2011-12-31 | -26.17% |
| 2011-09-30 | -27.55% |
| 2011-06-30 | -28.53% |
| 2011-03-31 | -29.56% |
| 2010-12-31 | -27.64% |
| 2010-09-30 | -27.57% |
| 2010-06-30 | -28.66% |
| 2010-03-31 | -27.12% |
| 2009-12-31 | -31.49% |
| 2009-09-30 | -37.49% |
| 2009-06-30 | -34.92% |
| 2009-03-31 | -33.08% |
| 2008-12-31 | -28.09% |
| 2008-09-30 | -34.59% |
| 2008-06-30 | -33.03% |
| 2008-03-31 | -31.22% |
| 2007-12-31 | -22.40% |
| 2007-09-30 | -17.32% |
| 2007-06-30 | -17.76% |
| 2007-03-31 | -18.68% |
| 2006-12-31 | -19.15% |
| 2006-09-30 | -16.28% |
| 2006-06-30 | -16.72% |
| 2006-03-31 | -18.78% |
| 2005-12-31 | -21.68% |
| 2005-09-30 | -25.42% |
| 2005-06-30 | -23.32% |
| 2005-03-31 | -21.96% |
| 2004-12-31 | -23.01% |
| 2004-09-30 | -20.96% |
| 2004-06-30 | -19.90% |
| 2004-03-31 | -19.93% |
| 2003-12-31 | -18.91% |
| 2003-09-30 | -19.68% |
| 2003-06-30 | -19.40% |
