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 3.34% is 155% above its 5-year average of -6.04%, near the high end of its 5-year range (-41.46%–3.34%).
As of the fiscal period ended Friday, July 31, 2026. 51.72% above its 12-month average of 2.20%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2027 (2026-07-31): 3.34%.
RETURN ON INVESTED CAPITAL (ROIC)
3.34%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
2.20%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
-0.84%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
-6.04%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
-1.07%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
-36.59%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
-52.77%
CURRENT VS TTM AVG
+51.72%
CURRENT VS 3Y AVG
+496.55%
CURRENT VS 5Y AVG
+155.24%
CURRENT VS 10Y AVG
+411.39%
CURRENT VS 15Y AVG
+109.11%
CURRENT VS 20Y AVG
+106.32%
SECTOR MEDIAN · TECHNOLOGY
3.03%
median of 424 covered companies
CURRENT VS SECTOR MEDIAN
+10.07%
vs the sector median at left
Cognyte Software Ltd.
Market Cap
$648.61M
Return on Invested Capital (ROIC)
3.34%
TTM Avg
2.20%
3Y Avg
-0.84%
5Y Avg
-6.04%
Market Cap
$637.66M
Return on Invested Capital (ROIC)
-0.19%
TTM Avg
-0.20%
3Y Avg
-1.69%
5Y Avg
-2.80%
Market Cap
$631.66M
Return on Invested Capital (ROIC)
15.40%
TTM Avg
19.62%
3Y Avg
18.16%
5Y Avg
16.09%
Market Cap
$668.40M
Return on Invested Capital (ROIC)
17.68%
TTM Avg
19.29%
3Y Avg
19.32%
5Y Avg
19.45%
Market Cap
$625.41M
Return on Invested Capital (ROIC)
-18.86%
TTM Avg
-19.07%
3Y Avg
-19.85%
5Y Avg
-19.30%
Market Cap
$688.80M
Return on Invested Capital (ROIC)
-0.70%
TTM Avg
-9.50%
3Y Avg
-11.48%
5Y Avg
-9.30%
Market Cap
$601.06M
Return on Invested Capital (ROIC)
23.03%
TTM Avg
29.91%
3Y Avg
14.48%
5Y Avg
7.93%
Market Cap
$667.92M
Return on Invested Capital (ROIC)
4.01%
TTM Avg
5.48%
3Y Avg
5.17%
5Y Avg
5.83%
Market Cap
$581.62M
Return on Invested Capital (ROIC)
21.85%
TTM Avg
21.97%
3Y Avg
18.20%
5Y Avg
14.91%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Cognyte Software Ltd. (CGNT) | $648.61M | 3.34% | 2.20% | -0.84% | -6.04% |
| Grid Dynamics Holdings, Inc. (GDYN)vs › | $637.66M | -0.19% | -0.20% | -1.69% | -2.80% |
| Climb Global Solutions, Inc. (CLMB)vs › | $631.66M | 15.40% | 19.62% | 18.16% | 16.09% |
| Consensus Cloud Solutions, Inc. (CCSI)vs › | $668.40M | 17.68% | 19.29% | 19.32% | 19.45% |
| indie Semiconductor, Inc. (INDI)vs › | $625.41M | -18.86% | -19.07% | -19.85% | -19.30% |
| LightPath Technologies, Inc. (LPTH)vs › | $688.80M | -0.70% | -9.50% | -11.48% | -9.30% |
| Docebo Inc. (DCBO)vs › | $601.06M | 23.03% | 29.91% | 14.48% | 7.93% |
| Gilat Satellite Networks Ltd. (GILT)vs › | $667.92M | 4.01% | 5.48% | 5.17% | 5.83% |
| IBEX Limited (IBEX)vs › | $581.62M | 21.85% | 21.97% | 18.20% | 14.91% |
| ADTRAN Holdings Inc. (ADTN)vs › | $583.19M | -0.25% | -25.28% | -17.75% | -12.80% |
ROIC
3.3%
ROE
-0.0%
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 | 3.34% |
| 2026-04-30 | 2.95% |
| 2026-01-31 | 2.46% |
| 2025-10-31 | 1.59% |
| 2025-07-31 | 0.66% |
| 2025-04-30 | -0.13% |
| 2025-01-31 | -1.84% |
| 2024-10-31 | -3.20% |
| 2024-07-31 | -3.48% |
| 2024-04-30 | -5.08% |
| 2024-01-31 | -6.50% |
| 2023-10-31 | -15.10% |
| 2023-07-31 | -24.95% |
| 2023-04-30 | -33.40% |
| 2023-01-31 | -41.46% |
| 2022-10-31 | -24.75% |
| 2022-07-31 | -14.19% |
| 2022-04-30 | -4.47% |
| 2022-01-31 | 1.35% |
| 2021-10-31 | 1.68% |
| 2021-07-31 | 2.34% |
| 2021-04-30 | 3.85% |
| 2021-01-31 | 4.07% |
| 2020-07-31 | 3.41% |
| 2020-01-31 | 3.82% |
| 2014-12-31 | -91.33% |
| 2014-09-30 | -100.99% |
| 2014-06-30 | -93.58% |
| 2014-03-31 | -92.12% |
| 2013-12-31 | -60.49% |
| 2013-09-30 | -64.90% |
| 2013-06-30 | -76.17% |
| 2013-03-31 | -75.99% |
| 2012-12-31 | -103.87% |
| 2012-09-30 | -94.43% |
| 2012-06-30 | -112.37% |
| 2012-03-31 | -98.71% |
| 2011-12-31 | -105.36% |
| 2011-09-30 | -109.72% |
| 2011-06-30 | -117.89% |
| 2011-03-31 | -97.97% |
| 2010-12-31 | -250.72% |
| 2010-09-30 | -197.42% |
| 2010-06-30 | -145.19% |
| 2010-03-31 | -139.08% |
| 2009-12-31 | -239.68% |
| 2009-09-30 | -176.12% |
| 2009-06-30 | -152.74% |
| 2009-03-31 | -93.66% |
| 2008-12-31 | -77.79% |
| 2008-09-30 | -67.12% |
| 2008-06-30 | -34.19% |
| 2008-03-31 | -36.02% |
| 2007-12-31 | -28.80% |
| 2007-09-30 | -24.60% |
| 2007-06-30 | -20.54% |
| 2007-03-31 | -18.42% |
| 2006-12-31 | -86.71% |
| 2006-09-30 | -66.41% |
| 2006-06-30 | -53.69% |
| 2006-03-31 | -44.48% |
| 2005-12-31 | -34.15% |
| 2005-09-30 | -29.71% |
| 2005-06-30 | -25.68% |
| 2005-03-31 | -19.87% |
| 2004-12-31 | -132.75% |
| 2003-09-30 | -52.46% |
| 2003-06-30 | -39.79% |
| 2003-03-31 | -39.41% |
| 2002-12-31 | -63.21% |
| 2002-09-30 | -49.46% |
| 2002-06-30 | -26.91% |
| 2002-03-31 | -35.51% |
| 2001-12-31 | 7.22% |
| 2001-09-30 | 4.11% |
| 2001-06-30 | 0.00% |
| 2001-03-31 | 0.00% |
