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 15.80% is 225% above its 5-year average of 4.86%, near the high end of its 5-year range (-1.84%–15.80%).
As of the fiscal period ended Tuesday, June 30, 2026. 11.40% above its 12-month average of 14.18%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 15.80%.
RETURN ON INVESTED CAPITAL (ROIC)
15.80%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
14.18%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
7.83%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
4.86%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
5.20%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
5.84%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
11.10%
CURRENT VS TTM AVG
+11.40%
CURRENT VS 3Y AVG
+101.86%
CURRENT VS 5Y AVG
+224.88%
CURRENT VS 10Y AVG
+203.94%
CURRENT VS 15Y AVG
+170.36%
CURRENT VS 20Y AVG
+42.32%
SECTOR MEDIAN · TECHNOLOGY
3.07%
median of 418 covered companies
CURRENT VS SECTOR MEDIAN
+414.72%
vs the sector median at left
Blackbaud, Inc.
Market Cap
$1.97B
Return on Invested Capital (ROIC)
15.80%
TTM Avg
14.18%
3Y Avg
7.83%
5Y Avg
4.86%
Market Cap
$1.98B
Return on Invested Capital (ROIC)
-71.18%
TTM Avg
-36.57%
3Y Avg
-34.04%
5Y Avg
-26.68%
Market Cap
$2.01B
Return on Invested Capital (ROIC)
0.00%
TTM Avg
-1.92%
3Y Avg
-2.61%
5Y Avg
-2.06%
Market Cap
$1.90B
Return on Invested Capital (ROIC)
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$2.04B
Return on Invested Capital (ROIC)
15.71%
TTM Avg
14.43%
3Y Avg
12.86%
5Y Avg
19.27%
Market Cap
$1.88B
Return on Invested Capital (ROIC)
22.00%
TTM Avg
22.79%
3Y Avg
21.75%
5Y Avg
21.38%
Market Cap
$2.08B
Return on Invested Capital (ROIC)
-19.86%
TTM Avg
-14.52%
3Y Avg
-35.29%
5Y Avg
-25.00%
Market Cap
$2.11B
Return on Invested Capital (ROIC)
3.87%
TTM Avg
-0.56%
3Y Avg
-3.25%
5Y Avg
-4.81%
Market Cap
$1.78B
Return on Invested Capital (ROIC)
-4.70%
TTM Avg
-10.29%
3Y Avg
-23.95%
5Y Avg
-53.13%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Blackbaud, Inc. (BLKB) | $1.97B | 15.80% | 14.18% | 7.83% | 4.86% |
| Amplitude, Inc. (AMPL)vs › | $1.98B | -71.18% | -36.57% | -34.04% | -26.68% |
| Bandwidth Inc. (BAND)vs › | $2.01B | 0.00% | -1.92% | -2.61% | -2.06% |
| BitVentures Limited (BVC)vs › | $1.90B | N/A | N/A | N/A | N/A |
| GigaCloud Technology Inc. (GCT)vs › | $2.04B | 15.71% | 14.43% | 12.86% | 19.27% |
| Karooooo Ltd. (KARO)vs › | $1.88B | 22.00% | 22.79% | 21.75% | 21.38% |
| Keel Infrastructure Corp. (KEEL)vs › | $2.08B | -19.86% | -14.52% | -35.29% | -25.00% |
| nCino, Inc. (NCNO)vs › | $2.11B | 3.87% | -0.56% | -3.25% | -4.81% |
| Quantum Computing, Inc. (QUBT)vs › | $1.78B | -4.70% | -10.29% | -23.95% | -53.13% |
| Asana, Inc. (ASAN)vs › | $2.17B | -46.98% | -53.44% | -54.44% | -51.23% |
ROIC
15.8%
ROE
224.8%
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 | 15.80% |
| 2026-03-31 | 15.13% |
| 2025-12-31 | 13.52% |
| 2025-09-30 | 14.18% |
| 2025-06-30 | 12.30% |
| 2025-03-31 | 11.19% |
| 2024-12-31 | 10.43% |
| 2024-09-30 | 4.29% |
| 2024-06-30 | 3.43% |
| 2024-03-31 | 2.11% |
| 2023-12-31 | 1.42% |
| 2023-09-30 | -0.19% |
| 2023-06-30 | -1.84% |
| 2023-03-31 | -1.81% |
| 2022-12-31 | -1.60% |
| 2022-09-30 | -1.10% |
| 2022-06-30 | -0.04% |
| 2022-03-31 | 0.65% |
| 2021-12-31 | 1.07% |
| 2021-09-30 | 1.67% |
| 2021-06-30 | 1.53% |
| 2021-03-31 | 1.86% |
| 2020-12-31 | 1.96% |
| 2020-09-30 | 3.36% |
| 2020-06-30 | 3.33% |
| 2020-03-31 | 2.95% |
| 2019-12-31 | 2.68% |
| 2019-09-30 | 3.14% |
| 2019-06-30 | 3.75% |
| 2019-03-31 | 3.76% |
| 2018-12-31 | 7.27% |
| 2018-09-30 | 7.64% |
| 2018-06-30 | 7.59% |
| 2018-03-31 | 8.31% |
| 2017-12-31 | 8.61% |
| 2017-09-30 | 9.54% |
| 2017-06-30 | 8.49% |
| 2017-03-31 | 8.67% |
| 2016-12-31 | 7.41% |
| 2016-09-30 | 5.61% |
| 2016-06-30 | 5.10% |
| 2016-03-31 | 4.97% |
| 2015-12-31 | 4.90% |
| 2015-09-30 | 6.09% |
| 2015-06-30 | 6.51% |
| 2015-03-31 | 6.30% |
| 2014-12-31 | 6.35% |
| 2014-09-30 | 10.31% |
| 2014-06-30 | 10.01% |
| 2014-03-31 | 9.69% |
| 2013-12-31 | 10.55% |
| 2013-09-30 | 8.62% |
| 2013-06-30 | 6.95% |
| 2013-03-31 | 4.54% |
| 2012-12-31 | 3.96% |
| 2012-09-30 | 3.38% |
| 2012-06-30 | 4.38% |
| 2012-03-31 | 18.33% |
| 2011-12-31 | 21.64% |
| 2011-09-30 | 22.36% |
| 2011-06-30 | 22.09% |
| 2011-03-31 | 22.69% |
| 2010-12-31 | 22.57% |
| 2010-09-30 | 23.46% |
| 2010-06-30 | 25.19% |
| 2010-03-31 | 22.70% |
| 2009-12-31 | 22.76% |
| 2009-09-30 | 19.98% |
| 2009-06-30 | 17.33% |
| 2009-03-31 | 17.45% |
| 2008-12-31 | 19.33% |
| 2008-09-30 | 21.10% |
| 2008-06-30 | 28.88% |
| 2008-03-31 | 29.51% |
| 2007-12-31 | 27.28% |
| 2007-09-30 | 26.61% |
| 2007-06-30 | 27.14% |
| 2007-03-31 | 27.18% |
| 2006-12-31 | 29.89% |
| 2006-09-30 | 30.41% |
| 2006-06-30 | 32.82% |
| 2006-03-31 | 37.84% |
| 2005-12-31 | 48.33% |
| 2005-09-30 | 34.32% |
| 2005-06-30 | 22.14% |
| 2005-03-31 | 21.15% |
| 2004-12-31 | 13.77% |
