Basis: Latest reported fiscal year. 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 12.31% is in line with its 5-year average of 13.20%, around the middle of its 5-year range (10.30%–15.32%).
As of the fiscal period ended Wednesday, December 31, 2025. 3.64% below its 12-month average of 12.78%.
Annual fiscal-year return on invested capital; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
12.31%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
12.78%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
13.55%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
13.20%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
13.40%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
15.12%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
16.52%
CURRENT VS TTM AVG
-3.64%
CURRENT VS 3Y AVG
-9.17%
CURRENT VS 5Y AVG
-6.71%
CURRENT VS 10Y AVG
-8.15%
CURRENT VS 15Y AVG
-18.58%
CURRENT VS 20Y AVG
-25.49%
SECTOR MEDIAN · TECHNOLOGY
8.02%
median of 175 covered companies
CURRENT VS SECTOR MEDIAN
+53.49%
vs the sector median at left
Cognizant Technology Solutions Corporation
Market Cap
$24.93B
Return on Invested Capital (ROIC)
12.31%
TTM Avg
12.78%
3Y Avg
13.55%
5Y Avg
13.20%
Market Cap
$24.94B
Return on Invested Capital (ROIC)
24.97%
TTM Avg
24.84%
3Y Avg
25.36%
5Y Avg
29.30%
Market Cap
$24.98B
Return on Invested Capital (ROIC)
8.76%
TTM Avg
9.77%
3Y Avg
10.34%
5Y Avg
10.06%
Market Cap
$24.55B
Return on Invested Capital (ROIC)
5.73%
TTM Avg
6.07%
3Y Avg
10.73%
5Y Avg
9.25%
Market Cap
$25.36B
Return on Invested Capital (ROIC)
19.56%
TTM Avg
23.38%
3Y Avg
22.29%
5Y Avg
18.45%
Market Cap
$24.45B
Return on Invested Capital (ROIC)
-3.18%
TTM Avg
-3.82%
3Y Avg
-9.21%
5Y Avg
-9.47%
Market Cap
$25.43B
Return on Invested Capital (ROIC)
-26.81%
TTM Avg
-28.01%
3Y Avg
-31.54%
5Y Avg
-31.38%
Market Cap
$24.25B
Return on Invested Capital (ROIC)
52.96%
TTM Avg
47.96%
3Y Avg
43.03%
5Y Avg
37.66%
Market Cap
$26.22B
Return on Invested Capital (ROIC)
-61876.44%
TTM Avg
-30712.72%
3Y Avg
-15290.31%
5Y Avg
-10160.01%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Cognizant Technology Solutions Corporation (CTSH) | $24.93B | 12.31% | 12.78% | 13.55% | 13.20% |
| HP Inc. (HPQ)vs › | $24.94B | 24.97% | 24.84% | 25.36% | 29.30% |
| Corpay, Inc. (CPAY)vs › | $24.98B | 8.76% | 9.77% | 10.34% | 10.06% |
| Tower Semiconductor Ltd. (TSEM)vs › | $24.55B | 5.73% | 6.07% | 10.73% | 9.25% |
| Verisk Analytics, Inc. (VRSK)vs › | $25.36B | 19.56% | 23.38% | 22.29% | 18.45% |
| Zscaler, Inc. (ZS)vs › | $24.45B | -3.18% | -3.82% | -9.21% | -9.47% |
| Roblox Corporation (RBLX)vs › | $25.43B | -26.81% | -28.01% | -31.54% | -31.38% |
| Fair Isaac Corporation (FICO)vs › | $24.25B | 52.96% | 47.96% | 43.03% | 37.66% |
| VeriSign, Inc. (VRSN)vs › | $26.22B | -61876.44% | -30712.72% | -15290.31% | -10160.01% |
| Okta, Inc. (OKTA)vs › | $23.58B | 1.88% | 0.68% | -4.02% | -5.54% |
ROIC
12.3%
ROE
15.3%
ROIC = NOPAT / Invested Capital
Return on invested capital measures the after-tax return a company earns on all capital (debt and equity) invested in the business.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | RETURN ON INVESTED CAPITAL (ROIC) |
|---|---|
| 2025-12-31 | 12.31% |
| 2024-12-31 | 13.24% |
| 2023-12-31 | 13.34% |
| 2022-12-31 | 15.32% |
| 2021-12-31 | 14.66% |
| 2020-12-31 | 10.30% |
| 2019-12-31 | 13.51% |
| 2018-12-31 | 15.99% |
| 2017-12-31 | 11.18% |
| 2016-12-31 | 12.64% |
| 2015-12-31 | 14.94% |
| 2014-12-31 | 14.35% |
| 2013-12-31 | 18.98% |
| 2012-12-31 | 21.47% |
| 2011-12-31 | 19.98% |
| 2010-12-31 | 19.70% |
| 2009-12-31 | 19.30% |
| 2008-12-31 | 21.74% |
| 2007-12-31 | 21.53% |
| 2006-12-31 | 20.16% |
| 2005-12-31 | 22.32% |
| 2004-12-31 | 21.10% |
| 2003-12-31 | 19.27% |
| 2002-12-31 | 18.24% |
| 2001-12-31 | 18.09% |
| 2000-12-31 | 19.75% |
| 1999-12-31 | 18.61% |
| 1998-12-31 | 14.53% |
