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 12.43% is 10% below its 5-year average of 13.85%, near the low end of its 5-year range (12.18%–16.44%).
As of the fiscal period ended Tuesday, June 30, 2026. 3.14% below its 12-month average of 12.83%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 12.43%.
RETURN ON INVESTED CAPITAL (ROIC)
12.43%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
12.83%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
13.24%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
13.85%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
13.43%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
14.91%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
16.37%
CURRENT VS TTM AVG
-3.14%
CURRENT VS 3Y AVG
-6.17%
CURRENT VS 5Y AVG
-10.29%
CURRENT VS 10Y AVG
-7.51%
CURRENT VS 15Y AVG
-16.65%
CURRENT VS 20Y AVG
-24.07%
SECTOR MEDIAN · TECHNOLOGY
8.17%
median of 193 covered companies
CURRENT VS SECTOR MEDIAN
+52.10%
vs the sector median at left
Cognizant Technology Solutions Corporation
Market Cap
$27.86B
Return on Invested Capital (ROIC)
12.43%
TTM Avg
12.83%
3Y Avg
13.24%
5Y Avg
13.85%
Market Cap
$27.91B
Return on Invested Capital (ROIC)
7.32%
TTM Avg
6.74%
3Y Avg
6.77%
5Y Avg
6.73%
Market Cap
$26.97B
Return on Invested Capital (ROIC)
N/A
TTM Avg
95.28%
3Y Avg
77.28%
5Y Avg
58.97%
Market Cap
$26.96B
Return on Invested Capital (ROIC)
8.02%
TTM Avg
7.86%
3Y Avg
5.69%
5Y Avg
9.46%
Market Cap
$26.37B
Return on Invested Capital (ROIC)
6.47%
TTM Avg
8.44%
3Y Avg
7.30%
5Y Avg
5.83%
Market Cap
$26.30B
Return on Invested Capital (ROIC)
8.92%
TTM Avg
9.77%
3Y Avg
10.34%
5Y Avg
10.06%
Market Cap
$25.96B
Return on Invested Capital (ROIC)
5.23%
TTM Avg
9.06%
3Y Avg
13.88%
5Y Avg
12.30%
Market Cap
$29.94B
Return on Invested Capital (ROIC)
22.46%
TTM Avg
25.66%
3Y Avg
26.20%
5Y Avg
30.24%
Market Cap
$30.11B
Return on Invested Capital (ROIC)
17.90%
TTM Avg
21.06%
3Y Avg
6.52%
5Y Avg
1.49%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Cognizant Technology Solutions Corporation (CTSH) | $27.86B | 12.43% | 12.83% | 13.24% | 13.85% |
| Teledyne Technologies Incorporated (TDY)vs › | $27.91B | 7.32% | 6.74% | 6.77% | 6.73% |
| VeriSign, Inc. (VRSN)vs › | $26.97B | N/A | 95.28% | 77.28% | 58.97% |
| Zoom Communications, Inc. (ZM)vs › | $26.96B | 8.02% | 7.86% | 5.69% | 9.46% |
| Fiserv, Inc. (FISV)vs › | $26.37B | 6.47% | 8.44% | 7.30% | 5.83% |
| Corpay, Inc. (CPAY)vs › | $26.30B | 8.92% | 9.77% | 10.34% | 10.06% |
| ON Semiconductor Corporation (ON)vs › | $25.96B | 5.23% | 9.06% | 13.88% | 12.30% |
| HP Inc. (HPQ)vs › | $29.94B | 22.46% | 25.66% | 26.20% | 30.24% |
| Credo Technology Group Holding Ltd (CRDO)vs › | $30.11B | 17.90% | 21.06% | 6.52% | 1.49% |
| MongoDB, Inc. (MDB)vs › | $30.24B | -0.36% | -5.98% | -9.86% | -12.39% |
ROIC
12.4%
ROE
15.3%
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 | 12.43% |
| 2026-03-31 | 12.62% |
| 2025-12-31 | 12.58% |
| 2025-09-30 | 12.48% |
| 2025-06-30 | 14.05% |
| 2025-03-31 | 13.96% |
| 2024-12-31 | 13.36% |
| 2024-09-30 | 12.96% |
| 2024-06-30 | 13.47% |
| 2024-03-31 | 13.08% |
| 2023-12-31 | 13.48% |
| 2023-09-30 | 13.47% |
| 2023-06-30 | 14.23% |
| 2023-03-31 | 15.14% |
| 2022-12-31 | 15.51% |
| 2022-09-30 | 16.44% |
| 2022-06-30 | 15.88% |
| 2022-03-31 | 15.27% |
| 2021-12-31 | 14.86% |
| 2021-09-30 | 13.45% |
| 2021-06-30 | 12.18% |
| 2021-03-31 | 11.05% |
| 2020-12-31 | 10.46% |
| 2020-09-30 | 9.81% |
| 2020-06-30 | 11.31% |
| 2020-03-31 | 12.53% |
| 2019-12-31 | 13.71% |
| 2019-09-30 | 14.91% |
| 2019-06-30 | 15.47% |
| 2019-03-31 | 14.88% |
| 2018-12-31 | 15.99% |
| 2018-09-30 | 11.99% |
| 2018-06-30 | 11.86% |
| 2018-03-31 | 11.30% |
| 2017-12-31 | 11.18% |
| 2017-09-30 | 15.29% |
| 2017-06-30 | 15.15% |
| 2017-03-31 | 13.87% |
| 2016-12-31 | 12.65% |
| 2016-09-30 | 13.14% |
| 2016-06-30 | 13.37% |
| 2016-03-31 | 15.18% |
| 2015-12-31 | 14.94% |
| 2015-09-30 | 15.20% |
| 2015-06-30 | 15.03% |
| 2015-03-31 | 14.99% |
| 2014-12-31 | 14.35% |
| 2014-09-30 | 18.35% |
| 2014-06-30 | 18.84% |
| 2014-03-31 | 18.96% |
| 2013-12-31 | 18.98% |
| 2013-09-30 | 19.47% |
| 2013-06-30 | 19.85% |
| 2013-03-31 | 19.46% |
| 2012-12-31 | 20.05% |
| 2012-09-30 | 20.47% |
| 2012-06-30 | 21.09% |
| 2012-03-31 | 19.42% |
| 2011-12-31 | 19.98% |
| 2011-09-30 | 20.50% |
| 2011-06-30 | 19.69% |
| 2011-03-31 | 19.84% |
| 2010-12-31 | 19.70% |
| 2010-09-30 | 19.15% |
| 2010-06-30 | 19.34% |
| 2010-03-31 | 19.07% |
| 2009-12-31 | 19.30% |
| 2009-09-30 | 20.05% |
| 2009-06-30 | 21.04% |
| 2009-03-31 | 21.74% |
| 2008-12-31 | 21.74% |
| 2008-09-30 | 21.61% |
| 2008-06-30 | 20.75% |
| 2008-03-31 | 21.23% |
| 2007-12-31 | 21.53% |
| 2007-09-30 | 20.51% |
| 2007-06-30 | 20.25% |
| 2007-03-31 | 20.12% |
| 2006-12-31 | 20.16% |
| 2006-09-30 | 21.41% |
| 2006-06-30 | 21.52% |
| 2006-03-31 | 21.76% |
| 2005-12-31 | 22.32% |
| 2005-09-30 | 20.78% |
| 2005-06-30 | 21.22% |
| 2005-03-31 | 21.30% |
| 2004-12-31 | 21.10% |
| 2004-09-30 | 20.57% |
| 2004-06-30 | 20.19% |
| 2004-03-31 | 19.82% |
| 2003-12-31 | 19.27% |
| 2003-09-30 | 19.07% |
| 2003-06-30 | 19.23% |
