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 8.92% is 13% below its 5-year average of 10.25%, near the low end of its 5-year range (8.71%–11.75%).
As of the fiscal period ended Tuesday, June 30, 2026. 5.21% below its 12-month average of 9.42%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 8.92%.
RETURN ON INVESTED CAPITAL (ROIC)
8.92%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
9.42%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
10.43%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
10.25%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
9.90%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
-5.21%
CURRENT VS 3Y AVG
-14.46%
CURRENT VS 5Y AVG
-12.89%
CURRENT VS 10Y AVG
-9.88%
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
+9.24%
vs the sector median at left
Corpay, Inc.
Market Cap
$26.00B
Return on Invested Capital (ROIC)
8.92%
TTM Avg
9.42%
3Y Avg
10.43%
5Y Avg
10.25%
Market Cap
$26.03B
Return on Invested Capital (ROIC)
8.02%
TTM Avg
7.86%
3Y Avg
5.69%
5Y Avg
9.46%
Market Cap
$26.24B
Return on Invested Capital (ROIC)
4.47%
TTM Avg
1.88%
3Y Avg
4.52%
5Y Avg
0.38%
Market Cap
$25.29B
Return on Invested Capital (ROIC)
9.73%
TTM Avg
9.11%
3Y Avg
14.76%
5Y Avg
15.52%
Market Cap
$25.23B
Return on Invested Capital (ROIC)
7.37%
TTM Avg
6.07%
3Y Avg
10.73%
5Y Avg
9.25%
Market Cap
$25.16B
Return on Invested Capital (ROIC)
6.47%
TTM Avg
8.44%
3Y Avg
7.30%
5Y Avg
5.83%
Market Cap
$25.13B
Return on Invested Capital (ROIC)
6.05%
TTM Avg
5.96%
3Y Avg
5.53%
5Y Avg
5.53%
Market Cap
$26.97B
Return on Invested Capital (ROIC)
12.43%
TTM Avg
12.84%
3Y Avg
13.67%
5Y Avg
13.33%
Market Cap
$27.24B
Return on Invested Capital (ROIC)
5.23%
TTM Avg
9.06%
3Y Avg
13.88%
5Y Avg
12.30%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Corpay, Inc. (CPAY) | $26.00B | 8.92% | 9.42% | 10.43% | 10.25% |
| Zoom Communications, Inc. (ZM)vs › | $26.03B | 8.02% | 7.86% | 5.69% | 9.46% |
| GLOBALFOUNDRIES Inc. (GFS)vs › | $26.24B | 4.47% | 1.88% | 4.52% | 0.38% |
| Super Micro Computer, Inc. (SMCI)vs › | $25.29B | 9.73% | 9.11% | 14.76% | 15.52% |
| Tower Semiconductor Ltd. (TSEM)vs › | $25.23B | 7.37% | 6.07% | 10.73% | 9.25% |
| Fiserv, Inc. (FISV)vs › | $25.16B | 6.47% | 8.44% | 7.30% | 5.83% |
| Qnity Electronics, Inc. (Q)vs › | $25.13B | 6.05% | 5.96% | 5.53% | 5.53% |
| Cognizant Technology Solutions Corporation (CTSH)vs › | $26.97B | 12.43% | 12.84% | 13.67% | 13.33% |
| ON Semiconductor Corporation (ON)vs › | $27.24B | 5.23% | 9.06% | 13.88% | 12.30% |
| VeriSign, Inc. (VRSN)vs › | $27.40B | N/A | 95.28% | 77.28% | 58.97% |
ROIC
8.9%
ROE
32.2%
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) |
|---|---|
| 2026-06-30 | 8.92% |
| 2026-03-31 | 9.16% |
| 2025-12-31 | 8.71% |
| 2025-09-30 | 10.05% |
| 2025-06-30 | 10.23% |
| 2025-03-31 | 10.46% |
| 2024-12-31 | 10.78% |
| 2024-09-30 | 11.14% |
| 2024-06-30 | 11.75% |
| 2024-03-31 | 11.63% |
| 2023-12-31 | 11.39% |
| 2023-09-30 | 10.88% |
| 2023-06-30 | 10.55% |
| 2023-03-31 | 10.70% |
| 2022-12-31 | 10.45% |
| 2022-09-30 | 10.23% |
| 2022-06-30 | 9.90% |
| 2022-03-31 | 9.62% |
| 2021-12-31 | 9.77% |
| 2021-09-30 | 9.52% |
| 2021-06-30 | 9.34% |
| 2021-03-31 | 9.59% |
| 2020-12-31 | 9.20% |
| 2020-09-30 | 9.65% |
| 2020-06-30 | 10.14% |
| 2020-03-31 | 11.17% |
| 2019-12-31 | 10.73% |
| 2019-09-30 | 10.74% |
| 2019-06-30 | 9.98% |
| 2019-03-31 | 9.40% |
| 2018-12-31 | 9.21% |
| 2018-09-30 | 10.55% |
| 2018-06-30 | 9.53% |
| 2018-03-31 | 8.73% |
| 2017-12-31 | 8.28% |
| 2017-09-30 | 6.47% |
| 2017-06-30 | 7.27% |
| 2017-03-31 | 6.95% |
| 2016-12-31 | 6.92% |
| 2016-09-30 | 6.22% |
| 2016-06-30 | 7.12% |
| 2016-03-31 | 7.15% |
| 2015-12-31 | 6.93% |
| 2015-09-30 | 7.19% |
| 2015-06-30 | 6.48% |
| 2015-03-31 | 6.18% |
| 2014-12-31 | 5.76% |
| 2014-09-30 | 10.74% |
| 2014-06-30 | 10.04% |
| 2014-03-31 | 10.10% |
| 2013-12-31 | 9.77% |
