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 31.70% is 54% above its 5-year average of 20.54%, near the high end of its 5-year range (-8.61%–40.50%).
As of the fiscal period ended Tuesday, June 30, 2026. 1.57% above its 12-month average of 31.21%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 31.70%.
RETURN ON INVESTED CAPITAL (ROIC)
31.70%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
31.21%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
30.44%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
20.54%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
4.66%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
+1.57%
CURRENT VS 3Y AVG
+4.13%
CURRENT VS 5Y AVG
+54.35%
CURRENT VS 10Y AVG
+580.24%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · TECHNOLOGY
7.81%
median of 213 covered companies
CURRENT VS SECTOR MEDIAN
+305.85%
vs the sector median at left
Dropbox, Inc.
Market Cap
$8.63B
Return on Invested Capital (ROIC)
31.70%
TTM Avg
31.21%
3Y Avg
30.44%
5Y Avg
20.54%
Market Cap
$8.65B
Return on Invested Capital (ROIC)
16.87%
TTM Avg
23.00%
3Y Avg
16.70%
5Y Avg
12.52%
Market Cap
$8.44B
Return on Invested Capital (ROIC)
-17.52%
TTM Avg
-18.38%
3Y Avg
-20.29%
5Y Avg
-20.97%
Market Cap
$8.41B
Return on Invested Capital (ROIC)
-9.02%
TTM Avg
-11.64%
3Y Avg
-19.22%
5Y Avg
-30.49%
Market Cap
$8.16B
Return on Invested Capital (ROIC)
2.53%
TTM Avg
-2.96%
3Y Avg
-30.48%
5Y Avg
-34.20%
Market Cap
$9.28B
Return on Invested Capital (ROIC)
-3.49%
TTM Avg
-11.35%
3Y Avg
-13.11%
5Y Avg
-12.97%
Market Cap
$9.41B
Return on Invested Capital (ROIC)
14.77%
TTM Avg
9.14%
3Y Avg
11.24%
5Y Avg
15.36%
Market Cap
$7.74B
Return on Invested Capital (ROIC)
18.36%
TTM Avg
16.70%
3Y Avg
16.39%
5Y Avg
14.74%
Market Cap
$7.71B
Return on Invested Capital (ROIC)
7.81%
TTM Avg
11.75%
3Y Avg
11.13%
5Y Avg
10.92%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Dropbox, Inc. (DBX) | $8.63B | 31.70% | 31.21% | 30.44% | 20.54% |
| InterDigital, Inc. (IDCC)vs › | $8.65B | 16.87% | 23.00% | 16.70% | 12.52% |
| SentinelOne, Inc. (S)vs › | $8.44B | -17.52% | -18.38% | -20.29% | -20.97% |
| GitLab Inc. (GTLB)vs › | $8.41B | -9.02% | -11.64% | -19.22% | -30.49% |
| Zeta Global Holdings Corp. (ZETA)vs › | $8.16B | 2.53% | -2.96% | -30.48% | -34.20% |
| Applied Optoelectronics, Inc. (AAOI)vs › | $9.28B | -3.49% | -11.35% | -13.11% | -12.97% |
| Silicon Motion Technology Corporation (SIMO)vs › | $9.41B | 14.77% | 9.14% | 11.24% | 15.36% |
| Paylocity Holding Corporation (PCTY)vs › | $7.74B | 18.36% | 16.70% | 16.39% | 14.74% |
| Camtek Ltd. (CAMT)vs › | $7.71B | 7.81% | 11.75% | 11.13% | 10.92% |
| Elastic N.V. (ESTC)vs › | $9.77B | -1.37% | -2.59% | -9.00% | -12.88% |
ROIC
31.7%
ROE
N/A
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 | 31.70% |
| 2026-03-31 | 28.88% |
| 2025-12-31 | 29.50% |
| 2025-09-30 | 34.42% |
| 2025-06-30 | 31.54% |
| 2025-03-31 | 25.81% |
| 2024-12-31 | 20.31% |
| 2024-09-30 | 40.50% |
| 2024-06-30 | 36.76% |
| 2024-03-31 | 30.68% |
| 2023-12-31 | 24.73% |
| 2023-09-30 | 10.52% |
| 2023-06-30 | 8.49% |
| 2023-03-31 | 9.55% |
| 2022-12-31 | 9.47% |
| 2022-09-30 | 21.02% |
| 2022-06-30 | 19.71% |
| 2022-03-31 | 18.53% |
| 2021-12-31 | 14.33% |
| 2021-09-30 | -6.58% |
| 2021-06-30 | -8.61% |
| 2021-03-31 | -11.70% |
| 2020-12-31 | -21.32% |
| 2020-09-30 | 3.06% |
| 2020-06-30 | 0.62% |
| 2020-03-31 | -1.02% |
| 2019-12-31 | -4.78% |
| 2019-09-30 | -5.58% |
| 2019-06-30 | -5.21% |
| 2019-03-31 | -3.91% |
| 2018-12-31 | -57.67% |
| 2018-09-30 | -64.27% |
| 2018-06-30 | -65.10% |
| 2018-03-31 | -78.86% |
| 2017-12-31 | -40.39% |
| 2017-09-30 | -32.04% |
| 2017-06-30 | -35.77% |
| 2016-12-31 | -52.45% |
