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 19.48% is in line with its 5-year average of 21.61%, near the low end of its 5-year range (17.95%–28.94%).
As of the fiscal period ended Tuesday, June 30, 2026. 1.04% above its 12-month average of 19.28%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
19.48%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
19.28%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
19.22%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
21.61%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
21.06%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
18.69%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
16.94%
CURRENT VS TTM AVG
+1.04%
CURRENT VS 3Y AVG
+1.35%
CURRENT VS 5Y AVG
-9.84%
CURRENT VS 10Y AVG
-7.52%
CURRENT VS 15Y AVG
+4.21%
CURRENT VS 20Y AVG
+14.96%
SECTOR MEDIAN · HEALTHCARE
8.90%
median of 85 covered companies
CURRENT VS SECTOR MEDIAN
+118.87%
vs the sector median at left
Chemed Corporation
Market Cap
$6.80B
Return on Invested Capital (ROIC)
19.48%
TTM Avg
19.28%
3Y Avg
19.22%
5Y Avg
21.61%
Market Cap
$7.06B
Return on Invested Capital (ROIC)
-4.30%
TTM Avg
9.38%
3Y Avg
-2.79%
5Y Avg
-9.92%
Market Cap
$7.79B
Return on Invested Capital (ROIC)
22.98%
TTM Avg
-12.21%
3Y Avg
-17.44%
5Y Avg
-20.18%
Market Cap
$5.35B
Return on Invested Capital (ROIC)
5.80%
TTM Avg
5.65%
3Y Avg
5.40%
5Y Avg
4.23%
Market Cap
$4.79B
Return on Invested Capital (ROIC)
15.35%
TTM Avg
17.38%
3Y Avg
14.85%
5Y Avg
17.21%
Market Cap
$9.93B
Return on Invested Capital (ROIC)
16.04%
TTM Avg
12.65%
3Y Avg
9.01%
5Y Avg
7.29%
Market Cap
$10.11B
Return on Invested Capital (ROIC)
7.29%
TTM Avg
7.04%
3Y Avg
6.95%
5Y Avg
7.54%
Market Cap
$10.28B
Return on Invested Capital (ROIC)
6.53%
TTM Avg
6.69%
3Y Avg
7.80%
5Y Avg
8.31%
Market Cap
$10.37B
Return on Invested Capital (ROIC)
3.56%
TTM Avg
12.01%
3Y Avg
15.07%
5Y Avg
15.28%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Chemed Corporation (CHE) | $6.80B | 19.48% | 19.28% | 19.22% | 21.61% |
| Hims & Hers Health, Inc. (HIMS)vs › | $7.06B | -4.30% | 9.38% | -2.79% | -9.92% |
| Oscar Health, Inc. (OSCR)vs › | $7.79B | 22.98% | -12.21% | -17.44% | -20.18% |
| Merit Medical Systems, Inc. (MMSI)vs › | $5.35B | 5.80% | 5.65% | 5.40% | 4.23% |
| Doximity, Inc. (DOCS)vs › | $4.79B | 15.35% | 17.38% | 14.85% | 17.21% |
| Insulet Corp. (PODD)vs › | $9.93B | 16.04% | 12.65% | 9.01% | 7.29% |
| The Ensign Group, Inc. (ENSG)vs › | $10.11B | 7.29% | 7.04% | 6.95% | 7.54% |
| Henry Schein, Inc. (HSIC)vs › | $10.28B | 6.53% | 6.69% | 7.80% | 8.31% |
| Molina Healthcare, Inc. (MOH)vs › | $10.37B | 3.56% | 12.01% | 15.07% | 15.28% |
| TransMedics Group, Inc. (TMDX)vs › | $3.17B | 5.87% | 7.96% | -0.22% | -9.17% |
ROIC
19.5%
ROE
33.1%
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 | 19.48% |
| 2026-03-31 | 20.11% |
| 2025-12-31 | 17.95% |
| 2025-09-30 | 19.86% |
| 2025-06-30 | 18.99% |
| 2025-03-31 | 20.36% |
| 2024-12-31 | 20.04% |
| 2024-09-30 | 18.48% |
| 2024-06-30 | 18.92% |
| 2024-03-31 | 18.33% |
| 2023-12-31 | 19.31% |
| 2023-09-30 | 18.93% |
| 2023-06-30 | 19.09% |
| 2023-03-31 | 21.49% |
| 2022-12-31 | 22.62% |
| 2022-09-30 | 25.86% |
| 2022-06-30 | 27.57% |
| 2022-03-31 | 26.10% |
| 2021-12-31 | 25.28% |
| 2021-09-30 | 28.94% |
| 2021-06-30 | 26.01% |
| 2021-03-31 | 26.80% |
| 2020-12-31 | 27.68% |
| 2020-09-30 | 25.68% |
| 2020-06-30 | 26.94% |
| 2020-03-31 | 23.03% |
| 2019-12-31 | 21.51% |
| 2019-09-30 | 21.49% |
| 2019-06-30 | 23.40% |
| 2019-03-31 | 24.33% |
| 2018-12-31 | 26.66% |
| 2018-09-30 | 25.52% |
| 2018-06-30 | 24.80% |
| 2018-03-31 | 14.94% |
| 2017-12-31 | 12.89% |
| 2017-09-30 | 11.76% |
| 2017-06-30 | 10.13% |
| 2017-03-31 | 15.25% |
| 2016-12-31 | 15.31% |
| 2016-09-30 | 15.69% |
| 2016-06-30 | 16.10% |
| 2016-03-31 | 16.25% |
| 2015-12-31 | 16.40% |
| 2015-09-30 | 15.74% |
| 2015-06-30 | 14.64% |
| 2015-03-31 | 14.39% |
| 2014-12-31 | 14.88% |
| 2014-09-30 | 13.92% |
| 2014-06-30 | 13.25% |
| 2014-03-31 | 11.43% |
| 2013-12-31 | 11.66% |
| 2013-09-30 | 12.77% |
| 2013-06-30 | 12.15% |
| 2013-03-31 | 13.29% |
| 2012-12-31 | 13.63% |
| 2012-09-30 | 13.32% |
| 2012-06-30 | 14.34% |
| 2012-03-31 | 14.28% |
| 2011-12-31 | 14.46% |
| 2011-09-30 | 13.66% |
| 2011-06-30 | 12.13% |
| 2011-03-31 | 12.45% |
| 2010-12-31 | 12.89% |
| 2010-09-30 | 11.22% |
| 2010-06-30 | 11.18% |
| 2010-03-31 | 10.93% |
| 2009-12-31 | 11.35% |
| 2009-09-30 | 12.27% |
| 2009-06-30 | 12.62% |
| 2009-03-31 | 12.94% |
| 2008-12-31 | 12.69% |
| 2008-09-30 | 12.60% |
| 2008-06-30 | 12.04% |
| 2008-03-31 | 12.12% |
| 2007-12-31 | 12.02% |
| 2007-09-30 | 12.78% |
| 2007-06-30 | 11.53% |
| 2007-03-31 | 11.26% |
| 2006-12-31 | 10.70% |
| 2006-09-30 | 8.07% |
| 2006-06-30 | 8.64% |
| 2006-03-31 | 8.32% |
| 2005-12-31 | 7.83% |
| 2005-09-30 | 8.54% |
| 2005-06-30 | 8.32% |
| 2005-03-31 | 8.01% |
| 2004-12-31 | 5.46% |
| 2004-09-30 | 2.06% |
| 2004-06-30 | 0.58% |
| 2004-03-31 | -1.47% |
| 2003-12-31 | -3.72% |
| 2003-09-30 | -4.11% |
| 2003-06-30 | -2.84% |
