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 13.93% is 30% below its 5-year average of 19.94%, near the low end of its 5-year range (13.93%–21.63%).
As of the fiscal period ended Tuesday, June 30, 2026. 16.21% below its 12-month average of 16.62%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
13.93%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
16.62%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
20.50%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
19.94%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
18.33%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
17.52%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
16.51%
CURRENT VS TTM AVG
-16.21%
CURRENT VS 3Y AVG
-32.05%
CURRENT VS 5Y AVG
-30.14%
CURRENT VS 10Y AVG
-24.02%
CURRENT VS 15Y AVG
-20.51%
CURRENT VS 20Y AVG
-15.65%
SECTOR MEDIAN · TECHNOLOGY
8.92%
median of 185 covered companies
CURRENT VS SECTOR MEDIAN
+56.15%
vs the sector median at left
Check Point Software Technologies Ltd.
Market Cap
$13.60B
Return on Invested Capital (ROIC)
13.93%
TTM Avg
16.62%
3Y Avg
20.50%
5Y Avg
19.94%
Market Cap
$13.16B
Return on Invested Capital (ROIC)
23.78%
TTM Avg
20.59%
3Y Avg
21.97%
5Y Avg
19.23%
Market Cap
$13.10B
Return on Invested Capital (ROIC)
5.70%
TTM Avg
-0.53%
3Y Avg
-4.07%
5Y Avg
-3.84%
Market Cap
$13.05B
Return on Invested Capital (ROIC)
90.92%
TTM Avg
58.33%
3Y Avg
55.49%
5Y Avg
48.77%
Market Cap
$14.26B
Return on Invested Capital (ROIC)
2.70%
TTM Avg
0.52%
3Y Avg
-5.02%
5Y Avg
-10.45%
Market Cap
$14.35B
Return on Invested Capital (ROIC)
9.25%
TTM Avg
5.47%
3Y Avg
5.23%
5Y Avg
6.08%
Market Cap
$12.85B
Return on Invested Capital (ROIC)
7.31%
TTM Avg
6.11%
3Y Avg
8.46%
5Y Avg
9.85%
Market Cap
$12.84B
Return on Invested Capital (ROIC)
20.64%
TTM Avg
17.70%
3Y Avg
14.37%
5Y Avg
11.89%
Market Cap
$14.56B
Return on Invested Capital (ROIC)
3.42%
TTM Avg
5.19%
3Y Avg
6.67%
5Y Avg
7.82%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Check Point Software Technologies Ltd. (CHKP) | $13.60B | 13.93% | 16.62% | 20.50% | 19.94% |
| Gartner, Inc. (IT)vs › | $13.16B | 23.78% | 20.59% | 21.97% | 19.23% |
| HubSpot, Inc. (HUBS)vs › | $13.10B | 5.70% | -0.53% | -4.07% | -3.84% |
| Manhattan Associates, Inc. (MANH)vs › | $13.05B | 90.92% | 58.33% | 55.49% | 48.77% |
| Grab Holdings Limited (GRAB)vs › | $14.26B | 2.70% | 0.52% | -5.02% | -10.45% |
| Trimble Inc. (TRMB)vs › | $14.35B | 9.25% | 5.47% | 5.23% | 6.08% |
| Amkor Technology, Inc. (AMKR)vs › | $12.85B | 7.31% | 6.11% | 8.46% | 9.85% |
| GoDaddy Inc. (GDDY)vs › | $12.84B | 20.64% | 17.70% | 14.37% | 11.89% |
| Onto Innovation Inc. (ONTO)vs › | $14.56B | 3.42% | 5.19% | 6.67% | 7.82% |
| DocuSign, Inc. (DOCU)vs › | $12.18B | 13.44% | 10.65% | 4.36% | -0.27% |
ROIC
13.9%
ROE
38.3%
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 | 13.93% |
| 2026-03-31 | 14.15% |
| 2025-12-31 | 14.16% |
| 2025-09-30 | 21.38% |
| 2025-06-30 | 19.49% |
| 2025-03-31 | 20.27% |
| 2024-12-31 | 19.95% |
| 2024-09-30 | 20.00% |
| 2024-06-30 | 20.14% |
| 2024-03-31 | 20.70% |
| 2023-12-31 | 20.49% |
| 2023-09-30 | 21.63% |
| 2023-06-30 | 20.94% |
| 2023-03-31 | 20.13% |
| 2022-12-31 | 19.54% |
| 2022-09-30 | 19.52% |
| 2022-06-30 | 19.23% |
| 2022-03-31 | 18.91% |
| 2021-12-31 | 18.61% |
| 2021-09-30 | 18.74% |
| 2021-06-30 | 19.23% |
| 2021-03-31 | 18.99% |
| 2020-12-31 | 18.36% |
| 2020-09-30 | 18.83% |
| 2020-06-30 | 18.21% |
| 2020-03-31 | 17.79% |
| 2019-12-31 | 17.32% |
| 2019-09-30 | 16.59% |
| 2019-06-30 | 16.65% |
| 2019-03-31 | 16.76% |
| 2018-12-31 | 17.05% |
| 2018-09-30 | 17.81% |
| 2018-06-30 | 17.94% |
| 2018-03-31 | 18.02% |
| 2017-12-31 | 17.95% |
| 2017-09-30 | 17.68% |
| 2017-06-30 | 17.32% |
| 2017-03-31 | 16.96% |
| 2016-12-31 | 17.00% |
| 2016-09-30 | 16.59% |
| 2016-06-30 | 16.65% |
| 2016-03-31 | 16.57% |
| 2015-12-31 | 16.42% |
| 2015-09-30 | 16.51% |
| 2015-06-30 | 16.26% |
| 2015-03-31 | 16.07% |
| 2014-12-31 | 15.85% |
| 2014-09-30 | 16.19% |
| 2014-06-30 | 16.16% |
| 2014-03-31 | 15.98% |
| 2013-12-31 | 16.01% |
| 2013-09-30 | 15.59% |
| 2013-06-30 | 15.74% |
| 2013-03-31 | 15.80% |
| 2012-12-31 | 15.98% |
| 2012-09-30 | 15.86% |
| 2012-06-30 | 15.51% |
| 2012-03-31 | 15.24% |
| 2011-12-31 | 15.19% |
| 2011-09-30 | 15.20% |
| 2011-06-30 | 15.04% |
| 2011-03-31 | 14.80% |
| 2010-12-31 | 14.59% |
| 2010-09-30 | 14.49% |
| 2010-06-30 | 14.17% |
| 2010-03-31 | 13.43% |
| 2009-12-31 | 13.23% |
| 2009-09-30 | 13.23% |
| 2009-06-30 | 13.27% |
| 2009-03-31 | 13.67% |
| 2008-12-31 | 13.65% |
| 2008-09-30 | 13.46% |
| 2008-06-30 | 13.46% |
| 2008-03-31 | 13.32% |
| 2007-12-31 | 12.04% |
| 2007-09-30 | 12.34% |
| 2007-06-30 | 12.20% |
| 2007-03-31 | 12.01% |
| 2006-12-31 | 13.10% |
| 2006-09-30 | 14.38% |
| 2006-06-30 | 13.94% |
| 2006-03-31 | 14.44% |
| 2005-12-31 | 15.40% |
| 2005-09-30 | 15.44% |
| 2005-06-30 | 15.30% |
| 2005-03-31 | 14.49% |
| 2004-12-31 | 12.93% |
| 2004-09-30 | 12.65% |
| 2004-06-30 | 11.79% |
| 2004-03-31 | 11.60% |
| 2003-12-31 | 14.19% |
| 2003-09-30 | 14.82% |
| 2003-06-30 | 15.74% |