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 31.82% is 11% above its 5-year average of 28.56%, near the high end of its 5-year range (20.60%–34.70%).
As of the fiscal period ended Tuesday, June 30, 2026. 1.80% below its 12-month average of 32.40%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 31.82%.
RETURN ON INVESTED CAPITAL (ROIC)
31.82%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
32.40%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
29.43%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
28.56%
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
-1.80%
CURRENT VS 3Y AVG
+8.12%
CURRENT VS 5Y AVG
+11.39%
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
+289.42%
vs the sector median at left
Dlocal Limited
Market Cap
$4.04B
Return on Invested Capital (ROIC)
31.82%
TTM Avg
32.40%
3Y Avg
29.43%
5Y Avg
28.56%
Market Cap
$4.03B
Return on Invested Capital (ROIC)
6.58%
TTM Avg
12.52%
3Y Avg
18.35%
5Y Avg
16.71%
Market Cap
$3.93B
Return on Invested Capital (ROIC)
0.23%
TTM Avg
-5.08%
3Y Avg
-3.35%
5Y Avg
-1.38%
Market Cap
$4.22B
Return on Invested Capital (ROIC)
33.31%
TTM Avg
25.16%
3Y Avg
8.55%
5Y Avg
-1.46%
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
$3.78B
Return on Invested Capital (ROIC)
-33.24%
TTM Avg
4.75%
3Y Avg
-5.82%
5Y Avg
-10.73%
Market Cap
$3.78B
Return on Invested Capital (ROIC)
7.58%
TTM Avg
8.26%
3Y Avg
5.23%
5Y Avg
2.71%
Market Cap
$4.32B
Return on Invested Capital (ROIC)
42.50%
TTM Avg
27.09%
3Y Avg
-2.17%
5Y Avg
-2.38%
Market Cap
$4.64B
Return on Invested Capital (ROIC)
16.90%
TTM Avg
9.79%
3Y Avg
8.61%
5Y Avg
4.21%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Dlocal Limited (DLO) | $4.04B | 31.82% | 32.40% | 29.43% | 28.56% |
| Axcelis Technologies, Inc. (ACLS)vs › | $4.03B | 6.58% | 12.52% | 18.35% | 16.71% |
| AXT, Inc. (AXTI)vs › | $3.93B | 0.23% | -5.08% | -3.35% | -1.38% |
| Clear Secure, Inc. (YOU)vs › | $4.22B | 33.31% | 25.16% | 8.55% | -1.46% |
| Bill.com Holdings, Inc. (BILL)vs › | $4.24B | 0.32% | -0.40% | -2.28% | -2.93% |
| Wix.com Ltd. (WIX)vs › | $3.78B | -33.24% | 4.75% | -5.82% | -10.73% |
| Itron, Inc. (ITRI)vs › | $3.78B | 7.58% | 8.26% | 5.23% | 2.71% |
| Dave Inc. (DAVE)vs › | $4.32B | 42.50% | 27.09% | -2.17% | -2.38% |
| Box, Inc. (BOX)vs › | $4.64B | 16.90% | 9.79% | 8.61% | 4.21% |
| Klaviyo, Inc. (KVYO)vs › | $4.71B | -1.54% | -6.53% | -14.42% | -15.62% |
ROIC
31.8%
ROE
37.8%
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 | 31.82% |
| 2026-03-31 | 33.72% |
| 2025-12-31 | 28.89% |
| 2025-09-30 | 32.86% |
| 2025-06-30 | 34.70% |
| 2025-03-31 | 24.38% |
| 2024-12-31 | 20.60% |
| 2024-09-30 | 23.70% |
| 2024-06-30 | 26.63% |
| 2024-03-31 | 27.79% |
| 2023-12-31 | 32.67% |
| 2023-09-30 | 31.56% |
| 2023-06-30 | 33.23% |
| 2023-03-31 | 30.13% |
| 2022-12-31 | 28.56% |
| 2022-09-30 | 29.24% |
| 2022-06-30 | 27.72% |
| 2022-03-31 | 27.08% |
| 2021-12-31 | 26.36% |
| 2021-09-30 | 25.17% |
| 2021-06-30 | 23.02% |
| 2021-03-31 | 40.74% |
| 2020-12-31 | 61.25% |
