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 12.75% is in line with its 5-year average of 13.81%, near the low end of its 5-year range (11.89%–16.93%).
As of the fiscal period ended Tuesday, June 30, 2026. 1.07% below its 12-month average of 12.89%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q3 FY2026 (2026-06-30): 12.75%.
RETURN ON INVESTED CAPITAL (ROIC)
12.75%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
12.89%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
13.47%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
13.81%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
15.54%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
15.88%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
14.82%
CURRENT VS TTM AVG
-1.07%
CURRENT VS 3Y AVG
-5.33%
CURRENT VS 5Y AVG
-7.69%
CURRENT VS 10Y AVG
-17.94%
CURRENT VS 15Y AVG
-19.71%
CURRENT VS 20Y AVG
-13.94%
SECTOR MEDIAN · HEALTHCARE
8.75%
median of 90 covered companies
CURRENT VS SECTOR MEDIAN
+45.80%
vs the sector median at left
Cencora, Inc.
Market Cap
$62.57B
Return on Invested Capital (ROIC)
12.75%
TTM Avg
12.89%
3Y Avg
13.47%
5Y Avg
13.81%
Market Cap
$63.88B
Return on Invested Capital (ROIC)
10.57%
TTM Avg
7.46%
3Y Avg
6.12%
5Y Avg
5.55%
Market Cap
$57.13B
Return on Invested Capital (ROIC)
-39.16%
TTM Avg
-31.38%
3Y Avg
-12.74%
5Y Avg
0.29%
Market Cap
$54.94B
Return on Invested Capital (ROIC)
13.45%
TTM Avg
12.41%
3Y Avg
9.39%
5Y Avg
5.98%
Market Cap
$74.19B
Return on Invested Capital (ROIC)
7.69%
TTM Avg
7.02%
3Y Avg
7.07%
5Y Avg
6.51%
Market Cap
$49.21B
Return on Invested Capital (ROIC)
4.52%
TTM Avg
3.25%
3Y Avg
5.37%
5Y Avg
7.01%
Market Cap
$49.00B
Return on Invested Capital (ROIC)
3.72%
TTM Avg
4.38%
3Y Avg
4.32%
5Y Avg
3.88%
Market Cap
$48.58B
Return on Invested Capital (ROIC)
10.22%
TTM Avg
11.08%
3Y Avg
14.46%
5Y Avg
15.87%
Market Cap
$80.51B
Return on Invested Capital (ROIC)
9.19%
TTM Avg
9.70%
3Y Avg
12.91%
5Y Avg
18.41%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Cencora, Inc. (COR) | $62.57B | 12.75% | 12.89% | 13.47% | 13.81% |
| Boston Scientific Corporation (BSX)vs › | $63.88B | 10.57% | 7.46% | 6.12% | 5.55% |
| Moderna, Inc. (MRNA)vs › | $57.13B | -39.16% | -31.38% | -12.74% | 0.29% |
| Cardinal Health, Inc. (CAH)vs › | $54.94B | 13.45% | 12.41% | 9.39% | 5.98% |
| Cigna Corporation (CI)vs › | $74.19B | 7.69% | 7.02% | 7.07% | 6.51% |
| Humana Inc. (HUM)vs › | $49.21B | 4.52% | 3.25% | 5.37% | 7.01% |
| Becton, Dickinson and Company (BDX)vs › | $49.00B | 3.72% | 4.38% | 4.32% | 3.88% |
| Edwards Lifesciences Corporation (EW)vs › | $48.58B | 10.22% | 11.08% | 14.46% | 15.87% |
| Regeneron Pharmaceuticals, Inc. (REGN)vs › | $80.51B | 9.19% | 9.70% | 12.91% | 18.41% |
| Teva Pharmaceutical Industries Limited (TEVA)vs › | $43.20B | 6.79% | 3.17% | 0.33% | -0.73% |
ROIC
12.7%
ROE
86.0%
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 | 12.75% |
| 2026-03-31 | 11.89% |
| 2025-12-31 | 13.83% |
| 2025-09-30 | 13.23% |
| 2025-06-30 | 12.74% |
| 2025-03-31 | 12.66% |
| 2024-12-31 | 13.88% |
| 2024-09-30 | 16.70% |
| 2024-06-30 | 15.80% |
| 2024-03-31 | 14.30% |
| 2023-12-31 | 13.98% |
| 2023-09-30 | 13.48% |
| 2023-06-30 | 13.07% |
| 2023-03-31 | 14.56% |
| 2022-12-31 | 14.68% |
| 2022-09-30 | 14.69% |
| 2022-06-30 | 14.18% |
| 2022-03-31 | 13.98% |
| 2021-12-31 | 13.32% |
| 2021-09-30 | 12.55% |
| 2021-06-30 | 16.93% |
| 2021-03-31 | 16.45% |
| 2020-12-31 | 20.28% |
| 2020-09-30 | 18.38% |
| 2020-06-30 | 17.15% |
| 2020-03-31 | 17.51% |
| 2019-12-31 | 15.83% |
| 2019-09-30 | 16.94% |
| 2019-06-30 | 17.60% |
| 2019-03-31 | 17.24% |
| 2018-12-31 | 14.85% |
| 2018-09-30 | 16.59% |
| 2018-06-30 | 18.29% |
| 2018-03-31 | 18.28% |
| 2017-12-31 | 21.24% |
| 2017-09-30 | 12.97% |
| 2017-06-30 | 15.07% |
| 2017-03-31 | 15.42% |
| 2016-12-31 | 18.24% |
| 2016-09-30 | 19.99% |
| 2016-06-30 | 31.38% |
| 2016-03-31 | 28.61% |
| 2015-12-31 | 17.80% |
| 2015-09-30 | 14.28% |
| 2015-06-30 | 7.93% |
| 2015-03-31 | 9.91% |
| 2014-12-31 | 23.48% |
| 2014-09-30 | 30.89% |
| 2014-06-30 | 25.74% |
| 2014-03-31 | 31.85% |
| 2013-12-31 | 16.84% |
| 2013-09-30 | 17.96% |
| 2013-06-30 | 19.05% |
| 2013-03-31 | 20.34% |
| 2012-12-31 | 21.99% |
| 2012-09-30 | 19.82% |
| 2012-06-30 | 15.67% |
| 2012-03-31 | 15.54% |
| 2011-12-31 | 15.14% |
| 2011-09-30 | 16.63% |
| 2011-06-30 | 15.41% |
| 2011-03-31 | 15.34% |
| 2010-12-31 | 15.04% |
| 2010-09-30 | 15.10% |
| 2010-06-30 | 15.03% |
| 2010-03-31 | 14.38% |
| 2009-12-31 | 13.71% |
| 2009-09-30 | 13.42% |
| 2009-06-30 | 12.48% |
| 2009-03-31 | 11.32% |
| 2008-12-31 | 11.21% |
| 2008-09-30 | 11.18% |
| 2008-06-30 | 10.37% |
| 2008-03-31 | 10.96% |
| 2007-12-31 | 10.85% |
| 2007-09-30 | 10.63% |
| 2007-06-30 | 9.90% |
| 2007-03-31 | 9.34% |
| 2006-12-31 | 9.47% |
| 2006-09-30 | 8.87% |
| 2006-06-30 | 8.11% |
| 2006-03-31 | 7.47% |
| 2005-12-31 | 7.29% |
| 2005-09-30 | 7.00% |
| 2005-06-30 | 7.66% |
| 2005-03-31 | 8.59% |
| 2004-12-31 | 9.02% |
| 2004-09-30 | 9.41% |
| 2004-06-30 | 9.87% |
| 2004-03-31 | 9.34% |
| 2003-12-31 | 9.28% |
| 2003-09-30 | 9.18% |
| 2003-06-30 | 8.22% |
