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 9.49% is in line with its 5-year average of 9.15%, around the middle of its 5-year range (7.75%–11.79%).
As of the fiscal period ended Tuesday, June 30, 2026. 12.49% above its 12-month average of 8.44%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 9.49%.
RETURN ON INVESTED CAPITAL (ROIC)
9.49%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
8.44%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
8.43%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
9.15%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
9.96%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
10.20%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
9.75%
CURRENT VS TTM AVG
+12.49%
CURRENT VS 3Y AVG
+12.59%
CURRENT VS 5Y AVG
+3.73%
CURRENT VS 10Y AVG
-4.75%
CURRENT VS 15Y AVG
-6.96%
CURRENT VS 20Y AVG
-2.72%
SECTOR MEDIAN · TECHNOLOGY
0.38%
median of 608 covered companies
CURRENT VS SECTOR MEDIAN
+2430.52%
vs the sector median at left
PC Connection, Inc.
Market Cap
$2.33B
Return on Invested Capital (ROIC)
9.49%
TTM Avg
8.44%
3Y Avg
8.43%
5Y Avg
9.15%
Market Cap
$2.28B
Return on Invested Capital (ROIC)
2.71%
TTM Avg
0.40%
3Y Avg
-0.07%
5Y Avg
-2.39%
Market Cap
$2.26B
Return on Invested Capital (ROIC)
-3.61%
TTM Avg
-18.70%
3Y Avg
-18.29%
5Y Avg
-15.18%
Market Cap
$2.42B
Return on Invested Capital (ROIC)
7.59%
TTM Avg
12.62%
3Y Avg
8.27%
5Y Avg
3.46%
Market Cap
$2.42B
Return on Invested Capital (ROIC)
7.57%
TTM Avg
10.13%
3Y Avg
9.59%
5Y Avg
7.11%
Market Cap
$2.21B
Return on Invested Capital (ROIC)
-46.98%
TTM Avg
-53.44%
3Y Avg
-54.44%
5Y Avg
-51.23%
Market Cap
$2.46B
Return on Invested Capital (ROIC)
10.34%
TTM Avg
9.29%
3Y Avg
10.16%
5Y Avg
10.38%
Market Cap
$2.18B
Return on Invested Capital (ROIC)
-2.29%
TTM Avg
-2.83%
3Y Avg
0.50%
5Y Avg
2.30%
Market Cap
$2.49B
Return on Invested Capital (ROIC)
-30.39%
TTM Avg
-36.99%
3Y Avg
-196.28%
5Y Avg
-210.10%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| PC Connection, Inc. (CNXN) | $2.33B | 9.49% | 8.44% | 8.43% | 9.15% |
| PDF Solutions, Inc. (PDFS)vs › | $2.28B | 2.71% | 0.40% | -0.07% | -2.39% |
| nLIGHT, Inc. (LASR)vs › | $2.26B | -3.61% | -18.70% | -18.29% | -15.18% |
| Payoneer Global Inc. (PAYO)vs › | $2.42B | 7.59% | 12.62% | 8.27% | 3.46% |
| Euronet Worldwide, Inc. (EEFT)vs › | $2.42B | 7.57% | 10.13% | 9.59% | 7.11% |
| Asana, Inc. (ASAN)vs › | $2.21B | -46.98% | -53.44% | -54.44% | -51.23% |
| ePlus inc. (PLUS)vs › | $2.46B | 10.34% | 9.29% | 10.16% | 10.38% |
| Ichor Holdings, Ltd. (ICHR)vs › | $2.18B | -2.29% | -2.83% | 0.50% | 2.30% |
| SoundHound AI, Inc. (SOUN)vs › | $2.49B | -30.39% | -36.99% | -196.28% | -210.10% |
| Innodata Inc. (INOD)vs › | $2.16B | 24.70% | 29.59% | 5.71% | 3.44% |
ROIC
9.5%
ROE
10.1%
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 | 9.49% |
| 2026-03-31 | 8.74% |
| 2025-12-31 | 8.10% |
| 2025-09-30 | 7.83% |
| 2025-06-30 | 8.02% |
| 2025-03-31 | 8.12% |
| 2024-12-31 | 7.75% |
| 2024-09-30 | 8.22% |
| 2024-06-30 | 8.57% |
| 2024-03-31 | 8.30% |
| 2023-12-31 | 8.83% |
| 2023-09-30 | 8.71% |
| 2023-06-30 | 8.89% |
| 2023-03-31 | 9.95% |
| 2022-12-31 | 11.04% |
| 2022-09-30 | 11.79% |
| 2022-06-30 | 11.79% |
| 2022-03-31 | 11.09% |
| 2021-12-31 | 9.68% |
| 2021-09-30 | 8.71% |
| 2021-06-30 | 8.50% |
| 2021-03-31 | 7.31% |
| 2020-12-31 | 7.97% |
| 2020-09-30 | 9.15% |
| 2020-06-30 | 10.45% |
| 2020-03-31 | 13.10% |
| 2019-12-31 | 12.71% |
| 2019-09-30 | 12.92% |
| 2019-06-30 | 11.72% |
| 2019-03-31 | 11.20% |
| 2018-12-31 | 11.44% |
| 2018-09-30 | 11.76% |
| 2018-06-30 | 11.96% |
| 2018-03-31 | 11.47% |
| 2017-12-31 | 10.96% |
| 2017-09-30 | 9.58% |
| 2017-06-30 | 9.94% |
| 2017-03-31 | 10.00% |
| 2016-12-31 | 10.56% |
| 2016-09-30 | 10.96% |
| 2016-06-30 | 11.16% |
| 2016-03-31 | 11.32% |
| 2015-12-31 | 11.24% |
| 2015-09-30 | 11.02% |
| 2015-06-30 | 11.19% |
| 2015-03-31 | 11.50% |
| 2014-12-31 | 11.39% |
| 2014-09-30 | 10.97% |
| 2014-06-30 | 10.90% |
| 2014-03-31 | 10.63% |
| 2013-12-31 | 10.56% |
| 2013-09-30 | 10.45% |
| 2013-06-30 | 10.59% |
| 2013-03-31 | 10.83% |
| 2012-12-31 | 10.87% |
| 2012-09-30 | 10.20% |
| 2012-06-30 | 10.37% |
| 2012-03-31 | 10.23% |
| 2011-12-31 | 9.89% |
| 2011-09-30 | 9.77% |
| 2011-06-30 | 9.78% |
| 2011-03-31 | 9.14% |
| 2010-12-31 | 8.60% |
| 2010-09-30 | 7.74% |
| 2010-06-30 | 5.69% |
| 2010-03-31 | 1.34% |
| 2009-12-31 | -0.15% |
| 2009-09-30 | -4.34% |
| 2009-06-30 | -4.42% |
| 2009-03-31 | 1.76% |
| 2008-12-31 | 4.12% |
| 2008-09-30 | 7.63% |
| 2008-06-30 | 9.55% |
| 2008-03-31 | 10.06% |
| 2007-12-31 | 9.69% |
| 2007-09-30 | 9.28% |
| 2007-06-30 | 8.25% |
| 2007-03-31 | 7.42% |
| 2006-12-31 | 7.10% |
| 2006-09-30 | 5.15% |
| 2006-06-30 | 3.80% |
| 2006-03-31 | 3.08% |
| 2005-12-31 | 2.58% |
| 2005-09-30 | 3.80% |
| 2005-06-30 | 4.51% |
| 2005-03-31 | 4.93% |
| 2004-12-31 | 5.01% |
| 2004-09-30 | 4.51% |
| 2004-06-30 | 4.20% |
| 2004-03-31 | 3.72% |
| 2003-12-31 | 3.84% |
| 2003-09-30 | 5.22% |
| 2003-06-30 | 5.29% |