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 -16.36% is 32% above its 5-year average of -24.24%, near the high end of its 5-year range (-74.85%–-15.45%).
As of the fiscal period ended Friday, July 31, 2026. 16.54% above its 12-month average of -19.60%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2027 (2026-07-31): -16.36%.
RETURN ON INVESTED CAPITAL (ROIC)
-16.36%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
-19.60%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
-23.68%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
-24.24%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
+16.54%
CURRENT VS 3Y AVG
+30.90%
CURRENT VS 5Y AVG
+32.50%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · TECHNOLOGY
3.38%
median of 405 covered companies
CURRENT VS SECTOR MEDIAN
-584.09%
vs the sector median at left
Braze, Inc.
Market Cap
$3.00B
Return on Invested Capital (ROIC)
-16.36%
TTM Avg
-19.60%
3Y Avg
-23.68%
5Y Avg
-24.24%
Market Cap
$2.99B
Return on Invested Capital (ROIC)
-9.32%
TTM Avg
-17.80%
3Y Avg
-18.59%
5Y Avg
-15.30%
Market Cap
$3.05B
Return on Invested Capital (ROIC)
8.56%
TTM Avg
5.16%
3Y Avg
5.04%
5Y Avg
5.56%
Market Cap
$3.08B
Return on Invested Capital (ROIC)
9.24%
TTM Avg
8.32%
3Y Avg
11.76%
5Y Avg
9.86%
Market Cap
$3.11B
Return on Invested Capital (ROIC)
9.54%
TTM Avg
3.95%
3Y Avg
-3.17%
5Y Avg
-8.67%
Market Cap
$2.88B
Return on Invested Capital (ROIC)
-11.53%
TTM Avg
-8.28%
3Y Avg
-10.25%
5Y Avg
-12.73%
Market Cap
$2.88B
Return on Invested Capital (ROIC)
16.81%
TTM Avg
13.81%
3Y Avg
13.27%
5Y Avg
10.34%
Market Cap
$3.12B
Return on Invested Capital (ROIC)
9.24%
TTM Avg
8.32%
3Y Avg
11.76%
5Y Avg
9.86%
Market Cap
$2.83B
Return on Invested Capital (ROIC)
5.53%
TTM Avg
-10.96%
3Y Avg
-24.95%
5Y Avg
-23.24%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Braze, Inc. (BRZE) | $3.00B | -16.36% | -19.60% | -23.68% | -24.24% |
| Ambarella, Inc. (AMBA)vs › | $2.99B | -9.32% | -17.80% | -18.59% | -15.30% |
| Extreme Networks, Inc. (EXTR)vs › | $3.05B | 8.56% | 5.16% | 5.04% | 5.56% |
| Bel Fuse Inc. (BELFA)vs › | $3.08B | 9.24% | 8.32% | 11.76% | 9.86% |
| AvePoint, Inc. (AVPT)vs › | $3.11B | 9.54% | 3.95% | -3.17% | -8.67% |
| Intapp, Inc. (INTA)vs › | $2.88B | -11.53% | -8.28% | -10.25% | -12.73% |
| Adeia Inc. (ADEA)vs › | $2.88B | 16.81% | 13.81% | 13.27% | 10.34% |
| Bel Fuse Inc. (BELFB)vs › | $3.12B | 9.24% | 8.32% | 11.76% | 9.86% |
| Appian Corporation (APPN)vs › | $2.83B | 5.53% | -10.96% | -24.95% | -23.24% |
| Teradata Corporation (TDC)vs › | $2.81B | 12.30% | 17.50% | 13.20% | 11.42% |
ROIC
-16.4%
ROE
-18.8%
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) |
|---|---|
| 2026-07-31 | -16.36% |
| 2026-04-30 | -20.33% |
| 2026-01-31 | -20.88% |
| 2025-10-31 | -20.55% |
| 2025-07-31 | -19.90% |
| 2025-04-30 | -22.43% |
| 2025-01-31 | -22.35% |
| 2024-10-31 | -24.64% |
| 2024-07-31 | -25.42% |
| 2024-04-30 | -27.72% |
| 2024-01-31 | -27.48% |
| 2023-10-31 | -28.61% |
| 2023-07-31 | -31.15% |
| 2023-04-30 | -31.58% |
| 2023-01-31 | -30.35% |
| 2022-10-31 | -31.11% |
| 2022-07-31 | -24.68% |
| 2022-04-30 | -19.58% |
| 2022-01-31 | -15.45% |
| 2021-10-31 | -74.85% |
| 2021-07-31 | -73.49% |
