Basis: Trailing twelve months (TTM). 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 -9.29% is 37% below its 5-year average of -6.77%, around the middle of its 5-year range (-37.18%–5.81%).
12.26% above its 12-month average of -10.59%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
-9.29%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
-10.59%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
-5.44%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
-6.77%
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
+12.26%
CURRENT VS 3Y AVG
-70.64%
CURRENT VS 5Y AVG
-37.28%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · TECHNOLOGY
8.17%
median of 193 covered companies
CURRENT VS SECTOR MEDIAN
-213.71%
vs the sector median at left
Cipher Mining Inc.
Market Cap
$5.98B
Return on Invested Capital (ROIC)
-9.29%
TTM Avg
-10.59%
3Y Avg
-5.44%
5Y Avg
-6.77%
Market Cap
$5.98B
Return on Invested Capital (ROIC)
7.81%
TTM Avg
11.75%
3Y Avg
11.13%
5Y Avg
10.92%
Market Cap
$6.08B
Return on Invested Capital (ROIC)
11.07%
TTM Avg
10.30%
3Y Avg
11.40%
5Y Avg
12.97%
Market Cap
$6.18B
Return on Invested Capital (ROIC)
-1.54%
TTM Avg
-6.53%
3Y Avg
-14.42%
5Y Avg
-15.62%
Market Cap
$6.37B
Return on Invested Capital (ROIC)
-2.83%
TTM Avg
-4.76%
3Y Avg
-34.66%
5Y Avg
-42.70%
Market Cap
$6.38B
Return on Invested Capital (ROIC)
10.63%
TTM Avg
9.91%
3Y Avg
9.71%
5Y Avg
9.84%
Market Cap
$6.39B
Return on Invested Capital (ROIC)
13.89%
TTM Avg
12.81%
3Y Avg
13.02%
5Y Avg
11.70%
Market Cap
$5.16B
Return on Invested Capital (ROIC)
-5.89%
TTM Avg
-7.82%
3Y Avg
-83.52%
5Y Avg
-55.34%
Market Cap
$6.95B
Return on Invested Capital (ROIC)
-19.01%
TTM Avg
-18.38%
3Y Avg
-20.29%
5Y Avg
-20.97%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Cipher Mining Inc. (CIFR) | $5.98B | -9.29% | -10.59% | -5.44% | -6.77% |
| Camtek Ltd. (CAMT)vs › | $5.98B | 7.81% | 11.75% | 11.13% | 10.92% |
| EPAM Systems, Inc. (EPAM)vs › | $6.08B | 11.07% | 10.30% | 11.40% | 12.97% |
| Klaviyo, Inc. (KVYO)vs › | $6.18B | -1.54% | -6.53% | -14.42% | -15.62% |
| Lyft, Inc. (LYFT)vs › | $6.37B | -2.83% | -4.76% | -34.66% | -42.70% |
| Plexus Corp. (PLXS)vs › | $6.38B | 10.63% | 9.91% | 9.71% | 9.84% |
| Genpact Limited (G)vs › | $6.39B | 13.89% | 12.81% | 13.02% | 11.70% |
| Core Scientific, Inc. (CORZ)vs › | $5.16B | -5.89% | -7.82% | -83.52% | -55.34% |
| SentinelOne, Inc. (S)vs › | $6.95B | -19.01% | -18.38% | -20.29% | -20.97% |
| Applied Digital Corp. (APLD)vs › | $6.99B | -2.21% | -4.08% | -10.55% | -11.25% |
ROIC
-9.3%
ROE
-199.2%
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) |
|---|---|
| 2026-03-23 | -6.55% |
| 2025-12-31 | -9.64% |
| 2025-09-30 | -4.57% |
| 2025-06-30 | -16.32% |
| 2025-03-31 | -15.86% |
| 2024-12-31 | -5.78% |
| 2024-09-30 | -6.27% |
| 2024-06-30 | 2.43% |
| 2024-03-31 | 3.31% |
| 2023-12-31 | -3.66% |
| 2023-09-30 | -14.93% |
| 2023-06-30 | 5.81% |
| 2023-03-31 | 1.25% |
| 2022-12-31 | -2.30% |
| 2022-09-30 | -14.66% |
| 2022-06-30 | -37.18% |
| 2022-03-31 | -25.76% |
| 2021-12-31 | -20.40% |
| 2021-09-30 | -0.81% |
| 2021-06-30 | -0.48% |
| 2021-03-31 | -0.16% |
