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 8.23% is in line with its 5-year average of 8.73%, around the middle of its 5-year range (4.08%–15.74%).
As of the fiscal period ended Sunday, July 5, 2026. 25.24% above its 12-month average of 6.57%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-07-05): 8.23%.
RETURN ON INVESTED CAPITAL (ROIC)
8.23%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
6.57%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
5.46%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
8.73%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
10.90%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
11.37%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
9.87%
CURRENT VS TTM AVG
+25.24%
CURRENT VS 3Y AVG
+50.87%
CURRENT VS 5Y AVG
-5.72%
CURRENT VS 10Y AVG
-24.46%
CURRENT VS 15Y AVG
-27.60%
CURRENT VS 20Y AVG
-16.65%
SECTOR MEDIAN · TECHNOLOGY
3.01%
median of 430 covered companies
CURRENT VS SECTOR MEDIAN
+172.98%
vs the sector median at left
Cognex Corporation
Market Cap
$10.81B
Return on Invested Capital (ROIC)
8.23%
TTM Avg
6.57%
3Y Avg
5.46%
5Y Avg
8.73%
Market Cap
$10.74B
Return on Invested Capital (ROIC)
17.59%
TTM Avg
13.33%
3Y Avg
-6.21%
5Y Avg
-5.48%
Market Cap
$10.65B
Return on Invested Capital (ROIC)
-2.57%
TTM Avg
-35.84%
3Y Avg
-33.59%
5Y Avg
-33.59%
Market Cap
$10.21B
Return on Invested Capital (ROIC)
-3.49%
TTM Avg
-11.35%
3Y Avg
-13.11%
5Y Avg
-12.97%
Market Cap
$10.29B
Return on Invested Capital (ROIC)
18.77%
TTM Avg
17.83%
3Y Avg
16.55%
5Y Avg
16.46%
Market Cap
$11.29B
Return on Invested Capital (ROIC)
5.70%
TTM Avg
-0.53%
3Y Avg
-4.07%
5Y Avg
-3.84%
Market Cap
$10.21B
Return on Invested Capital (ROIC)
11.28%
TTM Avg
10.21%
3Y Avg
9.18%
5Y Avg
9.78%
Market Cap
$10.16B
Return on Invested Capital (ROIC)
-1.37%
TTM Avg
-2.59%
3Y Avg
-9.00%
5Y Avg
-12.88%
Market Cap
$11.27B
Return on Invested Capital (ROIC)
-47.16%
TTM Avg
-39.27%
3Y Avg
-53.60%
5Y Avg
-45.31%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Cognex Corporation (CGNX) | $10.81B | 8.23% | 6.57% | 5.46% | 8.73% |
| Maplebear Inc. (CART)vs › | $10.74B | 17.59% | 13.33% | -6.21% | -5.48% |
| Chime Financial, Inc. Class A Common Stock (CHYM)vs › | $10.65B | -2.57% | -35.84% | -33.59% | -33.59% |
| Applied Optoelectronics, Inc. (AAOI)vs › | $10.21B | -3.49% | -11.35% | -13.11% | -12.97% |
| Jack Henry & Associates, Inc. (JKHY)vs › | $10.29B | 18.77% | 17.83% | 16.55% | 16.46% |
| HubSpot, Inc. (HUBS)vs › | $11.29B | 5.70% | -0.53% | -4.07% | -3.84% |
| Bentley Systems, Incorporated (BSY)vs › | $10.21B | 11.28% | 10.21% | 9.18% | 9.78% |
| Elastic N.V. (ESTC)vs › | $10.16B | -1.37% | -2.59% | -9.00% | -12.88% |
| Aurora Innovation, Inc. (AUR)vs › | $11.27B | -47.16% | -39.27% | -53.60% | -45.31% |
| FormFactor, Inc. (FORM)vs › | $11.43B | 11.16% | 5.13% | 5.92% | 7.10% |
ROIC
8.2%
ROE
10.7%
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) |
|---|---|
| 2026-07-05 | 8.23% |
| 2026-04-05 | 7.06% |
| 2025-12-31 | 5.55% |
| 2025-09-28 | 5.44% |
| 2025-06-29 | 5.99% |
| 2025-03-30 | 6.03% |
| 2024-12-31 | 5.10% |
| 2024-09-29 | 4.15% |
| 2024-06-30 | 4.08% |
| 2024-03-31 | 5.29% |
| 2023-12-31 | 5.86% |
| 2023-10-01 | 8.26% |
| 2023-07-02 | 8.95% |
| 2023-04-02 | 9.48% |
| 2022-12-31 | 11.96% |
| 2022-10-02 | 12.24% |
| 2022-07-03 | 14.64% |
| 2022-04-03 | 15.74% |
| 2021-12-31 | 15.24% |
| 2021-10-03 | 15.30% |
| 2021-07-04 | 16.13% |
| 2021-04-04 | 12.11% |
| 2020-12-31 | 9.63% |
| 2020-09-27 | 6.72% |
| 2020-06-28 | 4.22% |
| 2020-03-29 | 7.69% |
| 2019-12-31 | 8.08% |
| 2019-09-29 | 11.64% |
| 2019-06-30 | 15.12% |
| 2019-03-31 | 15.92% |
| 2018-12-31 | 17.25% |
| 2018-09-30 | 11.51% |
| 2018-07-01 | 14.12% |
| 2018-04-01 | 14.15% |
| 2017-12-31 | 14.68% |
| 2017-10-01 | 20.41% |
| 2017-07-02 | 17.30% |
| 2017-04-02 | 16.86% |
| 2016-12-31 | 14.67% |
| 2016-10-02 | 13.00% |
| 2016-07-03 | 10.83% |
| 2016-04-03 | 11.45% |
| 2015-12-31 | 12.36% |
| 2015-10-04 | 13.69% |
| 2015-07-05 | 16.71% |
| 2015-04-05 | 14.59% |
| 2014-12-31 | 15.15% |
| 2014-09-28 | 14.49% |
| 2014-06-29 | 11.83% |
| 2014-03-30 | 11.33% |
| 2013-12-31 | 11.15% |
| 2013-09-29 | 10.49% |
| 2013-06-30 | 10.39% |
| 2013-03-31 | 11.01% |
| 2012-12-31 | 11.35% |
| 2012-09-30 | 11.30% |
| 2012-07-01 | 11.57% |
| 2012-04-01 | 11.64% |
| 2011-12-31 | 12.27% |
| 2011-10-02 | 12.68% |
| 2011-07-03 | 12.72% |
| 2011-04-03 | 12.87% |
| 2010-12-31 | 12.76% |
| 2010-10-03 | 9.54% |
| 2010-07-04 | 7.12% |
| 2010-04-04 | 1.26% |
| 2009-12-31 | -3.16% |
| 2009-10-04 | -3.63% |
| 2009-07-05 | -1.94% |
| 2009-04-05 | 2.45% |
| 2008-12-31 | 5.12% |
| 2008-09-28 | 7.11% |
| 2008-06-29 | 5.89% |
| 2008-03-30 | 4.82% |
| 2007-12-31 | 4.19% |
| 2007-09-30 | 4.09% |
| 2007-07-01 | 4.99% |
| 2007-04-01 | 6.30% |
| 2006-12-31 | 7.26% |
| 2006-10-01 | 8.12% |
| 2006-07-02 | 8.25% |
| 2006-04-02 | 7.28% |
| 2005-12-31 | 6.42% |
| 2005-10-02 | 5.24% |
| 2005-07-03 | 5.77% |
| 2005-04-03 | 6.47% |
| 2004-12-31 | 7.19% |
| 2004-10-03 | 7.42% |
| 2004-07-04 | 5.91% |
| 2004-04-04 | 4.62% |
| 2003-12-31 | 3.36% |
| 2003-09-28 | 2.17% |
| 2003-06-29 | 0.97% |
