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 15.40% is 13% below its 5-year average of 17.62%, around the middle of its 5-year range (11.16%–23.60%).
As of the fiscal period ended Tuesday, June 30, 2026. 18.93% below its 12-month average of 18.99%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 15.40%.
RETURN ON INVESTED CAPITAL (ROIC)
15.40%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
18.99%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
18.13%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
17.62%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
14.52%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
15.52%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
14.51%
CURRENT VS TTM AVG
-18.93%
CURRENT VS 3Y AVG
-15.06%
CURRENT VS 5Y AVG
-12.62%
CURRENT VS 10Y AVG
+6.06%
CURRENT VS 15Y AVG
-0.79%
CURRENT VS 20Y AVG
+6.15%
SECTOR MEDIAN · TECHNOLOGY
2.75%
median of 448 covered companies
CURRENT VS SECTOR MEDIAN
+458.94%
vs the sector median at left
Climb Global Solutions, Inc.
Market Cap
$631.28M
Return on Invested Capital (ROIC)
15.40%
TTM Avg
18.99%
3Y Avg
18.13%
5Y Avg
17.62%
Market Cap
$635.26M
Return on Invested Capital (ROIC)
-0.19%
TTM Avg
-0.20%
3Y Avg
-1.69%
5Y Avg
-2.80%
Market Cap
$617.51M
Return on Invested Capital (ROIC)
-18.86%
TTM Avg
-19.07%
3Y Avg
-19.85%
5Y Avg
-19.30%
Market Cap
$604.87M
Return on Invested Capital (ROIC)
23.03%
TTM Avg
29.91%
3Y Avg
14.48%
5Y Avg
7.93%
Market Cap
$657.12M
Return on Invested Capital (ROIC)
3.34%
TTM Avg
0.31%
3Y Avg
-11.54%
5Y Avg
-6.79%
Market Cap
$657.94M
Return on Invested Capital (ROIC)
17.68%
TTM Avg
19.29%
3Y Avg
19.32%
5Y Avg
19.45%
Market Cap
$591.69M
Return on Invested Capital (ROIC)
-0.25%
TTM Avg
-25.28%
3Y Avg
-17.75%
5Y Avg
-12.80%
Market Cap
$672.11M
Return on Invested Capital (ROIC)
4.01%
TTM Avg
5.48%
3Y Avg
5.17%
5Y Avg
5.83%
Market Cap
$582.76M
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 |
|---|---|---|---|---|---|
| Climb Global Solutions, Inc. (CLMB) | $631.28M | 15.40% | 18.99% | 18.13% | 17.62% |
| Grid Dynamics Holdings, Inc. (GDYN)vs › | $635.26M | -0.19% | -0.20% | -1.69% | -2.80% |
| indie Semiconductor, Inc. (INDI)vs › | $617.51M | -18.86% | -19.07% | -19.85% | -19.30% |
| Docebo Inc. (DCBO)vs › | $604.87M | 23.03% | 29.91% | 14.48% | 7.93% |
| Cognyte Software Ltd. (CGNT)vs › | $657.12M | 3.34% | 0.31% | -11.54% | -6.79% |
| Consensus Cloud Solutions, Inc. (CCSI)vs › | $657.94M | 17.68% | 19.29% | 19.32% | 19.45% |
| ADTRAN Holdings Inc. (ADTN)vs › | $591.69M | -0.25% | -25.28% | -17.75% | -12.80% |
| Gilat Satellite Networks Ltd. (GILT)vs › | $672.11M | 4.01% | 5.48% | 5.17% | 5.83% |
| IBEX Limited (IBEX)vs › | $582.76M | 21.85% | 21.97% | 18.20% | 14.91% |
| LightPath Technologies, Inc. (LPTH)vs › | $693.82M | -0.70% | -9.50% | -11.48% | -9.30% |
ROIC
15.4%
ROE
16.4%
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 | 15.40% |
| 2026-03-31 | 16.74% |
| 2025-12-31 | 18.02% |
| 2025-09-30 | 21.20% |
| 2025-06-30 | 23.60% |
| 2025-03-31 | 23.32% |
| 2024-12-31 | 22.88% |
| 2024-09-30 | 19.54% |
| 2024-06-30 | 16.30% |
| 2024-03-31 | 13.95% |
| 2023-12-31 | 14.55% |
| 2023-09-30 | 14.75% |
| 2023-06-30 | 15.43% |
| 2023-03-31 | 18.75% |
| 2022-12-31 | 18.52% |
| 2022-09-30 | 18.73% |
| 2022-06-30 | 19.41% |
| 2022-03-31 | 17.40% |
| 2021-12-31 | 16.01% |
| 2021-09-30 | 14.43% |
| 2021-06-30 | 11.16% |
| 2021-03-31 | 9.29% |
| 2020-12-31 | 7.89% |
| 2020-09-30 | 8.24% |
| 2020-06-30 | 9.96% |
| 2020-03-31 | 12.23% |
| 2019-12-31 | 13.36% |
| 2019-09-30 | 13.10% |
| 2019-06-30 | 12.60% |
| 2019-03-31 | 6.25% |
| 2018-12-31 | 6.95% |
| 2018-09-30 | 6.12% |
| 2018-06-30 | 6.79% |
| 2018-03-31 | 11.93% |
| 2017-12-31 | 11.95% |
| 2017-09-30 | 13.69% |
| 2017-06-30 | 15.07% |
| 2017-03-31 | 16.06% |
| 2016-12-31 | 15.14% |
| 2016-09-30 | 14.25% |
| 2016-06-30 | 14.34% |
| 2016-03-31 | 13.88% |
| 2015-12-31 | 14.49% |
| 2015-09-30 | 15.27% |
| 2015-06-30 | 14.55% |
| 2015-03-31 | 15.21% |
| 2014-12-31 | 13.79% |
| 2014-09-30 | 15.66% |
| 2014-06-30 | 15.72% |
| 2014-03-31 | 16.87% |
| 2013-12-31 | 17.31% |
| 2013-09-30 | 16.03% |
| 2013-06-30 | 16.50% |
| 2013-03-31 | 15.99% |
| 2012-12-31 | 16.00% |
| 2012-09-30 | 17.09% |
| 2012-06-30 | 18.11% |
| 2012-03-31 | 18.62% |
| 2011-12-31 | 18.32% |
| 2011-09-30 | 17.53% |
| 2011-06-30 | 16.88% |
| 2011-03-31 | 16.43% |
| 2010-12-31 | 15.56% |
| 2010-09-30 | 13.76% |
| 2010-06-30 | 11.64% |
| 2010-03-31 | 10.66% |
| 2009-12-31 | 10.46% |
| 2009-09-30 | 10.28% |
| 2009-06-30 | 11.11% |
| 2009-03-31 | 11.41% |
| 2008-12-31 | 11.31% |
| 2008-09-30 | 11.20% |
| 2008-06-30 | 11.13% |
| 2008-03-31 | 11.31% |
| 2007-12-31 | 12.60% |
| 2007-09-30 | 13.42% |
| 2007-06-30 | 13.62% |
| 2007-03-31 | 13.63% |
| 2006-12-31 | 13.27% |
| 2006-09-30 | 16.49% |
| 2006-06-30 | 16.67% |
| 2006-03-31 | 13.95% |
| 2005-12-31 | 13.30% |
| 2005-09-30 | 13.29% |
| 2005-06-30 | 11.58% |
| 2005-03-31 | 13.18% |
| 2004-12-31 | 13.13% |
| 2004-09-30 | 14.89% |
| 2004-06-30 | 12.98% |
| 2004-03-31 | 9.75% |
| 2003-12-31 | 6.73% |
| 2003-09-30 | 0.58% |
| 2003-06-30 | -5.76% |