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 42.50% is 833% above its 5-year average of -5.80%, near the high end of its 5-year range (-47.14%–43.83%).
As of the fiscal period ended Tuesday, June 30, 2026. 11.17% above its 12-month average of 38.23%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 42.50%.
RETURN ON INVESTED CAPITAL (ROIC)
42.50%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
38.23%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
12.73%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
-5.80%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
+11.17%
CURRENT VS 3Y AVG
+233.92%
CURRENT VS 5Y AVG
+832.63%
CURRENT VS 10Y AVG
N/A
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
+420.17%
vs the sector median at left
Dave Inc.
Market Cap
$4.27B
Return on Invested Capital (ROIC)
42.50%
TTM Avg
38.23%
3Y Avg
12.73%
5Y Avg
-5.80%
Market Cap
$4.24B
Return on Invested Capital (ROIC)
0.32%
TTM Avg
-0.40%
3Y Avg
-2.28%
5Y Avg
-2.93%
Market Cap
$4.21B
Return on Invested Capital (ROIC)
33.31%
TTM Avg
25.16%
3Y Avg
8.55%
5Y Avg
-1.46%
Market Cap
$4.15B
Return on Invested Capital (ROIC)
0.23%
TTM Avg
-5.08%
3Y Avg
-3.35%
5Y Avg
-1.38%
Market Cap
$4.11B
Return on Invested Capital (ROIC)
6.58%
TTM Avg
12.52%
3Y Avg
18.35%
5Y Avg
16.71%
Market Cap
$4.01B
Return on Invested Capital (ROIC)
31.82%
TTM Avg
24.75%
3Y Avg
27.68%
5Y Avg
33.05%
Market Cap
$4.64B
Return on Invested Capital (ROIC)
16.90%
TTM Avg
9.79%
3Y Avg
8.61%
5Y Avg
4.21%
Market Cap
$3.83B
Return on Invested Capital (ROIC)
-33.24%
TTM Avg
4.75%
3Y Avg
-5.82%
5Y Avg
-10.73%
Market Cap
$3.79B
Return on Invested Capital (ROIC)
7.58%
TTM Avg
8.26%
3Y Avg
5.23%
5Y Avg
2.71%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Dave Inc. (DAVE) | $4.27B | 42.50% | 38.23% | 12.73% | -5.80% |
| Bill.com Holdings, Inc. (BILL)vs › | $4.24B | 0.32% | -0.40% | -2.28% | -2.93% |
| Clear Secure, Inc. (YOU)vs › | $4.21B | 33.31% | 25.16% | 8.55% | -1.46% |
| AXT, Inc. (AXTI)vs › | $4.15B | 0.23% | -5.08% | -3.35% | -1.38% |
| Axcelis Technologies, Inc. (ACLS)vs › | $4.11B | 6.58% | 12.52% | 18.35% | 16.71% |
| Dlocal Limited (DLO)vs › | $4.01B | 31.82% | 24.75% | 27.68% | 33.05% |
| Box, Inc. (BOX)vs › | $4.64B | 16.90% | 9.79% | 8.61% | 4.21% |
| Wix.com Ltd. (WIX)vs › | $3.83B | -33.24% | 4.75% | -5.82% | -10.73% |
| Itron, Inc. (ITRI)vs › | $3.79B | 7.58% | 8.26% | 5.23% | 2.71% |
| Klaviyo, Inc. (KVYO)vs › | $4.81B | -1.54% | -6.53% | -14.42% | -15.62% |
ROIC
42.5%
ROE
107.1%
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 | 42.50% |
| 2026-03-31 | 43.83% |
| 2025-12-31 | 41.62% |
| 2025-09-30 | 36.81% |
| 2025-06-30 | 26.39% |
| 2025-03-31 | 21.16% |
| 2024-12-31 | 12.56% |
| 2024-09-30 | 6.27% |
| 2024-06-30 | 5.52% |
| 2024-03-31 | -3.66% |
| 2023-12-31 | -11.78% |
| 2023-09-30 | -20.87% |
| 2023-06-30 | -34.88% |
| 2023-03-31 | -44.50% |
| 2022-12-31 | -47.14% |
| 2022-09-30 | -44.06% |
| 2022-06-30 | -33.00% |
| 2022-03-31 | -16.97% |
| 2021-12-31 | -41.01% |
| 2021-09-30 | -40.96% |
| 2021-06-30 | -19.62% |
| 2021-03-31 | 0.19% |
| 2020-12-31 | 38.95% |
