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 15.06% is 538% above its 5-year average of 2.36%, near the high end of its 5-year range (-9.30%–15.06%).
As of the fiscal period ended Friday, July 31, 2026. 18.99% above its 12-month average of 12.65%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
15.06%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
12.65%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
7.76%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
2.36%
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
+18.99%
CURRENT VS 3Y AVG
+93.97%
CURRENT VS 5Y AVG
+538.50%
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
+84.27%
vs the sector median at left
DocuSign, Inc.
Market Cap
$12.33B
Return on Invested Capital (ROIC)
15.06%
TTM Avg
12.65%
3Y Avg
7.76%
5Y Avg
2.36%
Market Cap
$12.37B
Return on Invested Capital (ROIC)
20.64%
TTM Avg
17.70%
3Y Avg
14.37%
5Y Avg
11.89%
Market Cap
$12.38B
Return on Invested Capital (ROIC)
5.70%
TTM Avg
-0.53%
3Y Avg
-4.07%
5Y Avg
-3.84%
Market Cap
$12.16B
Return on Invested Capital (ROIC)
10.06%
TTM Avg
11.79%
3Y Avg
12.68%
5Y Avg
12.05%
Market Cap
$11.97B
Return on Invested Capital (ROIC)
90.92%
TTM Avg
58.33%
3Y Avg
55.49%
5Y Avg
48.77%
Market Cap
$12.73B
Return on Invested Capital (ROIC)
7.31%
TTM Avg
6.11%
3Y Avg
8.46%
5Y Avg
9.85%
Market Cap
$12.93B
Return on Invested Capital (ROIC)
2.70%
TTM Avg
0.52%
3Y Avg
-5.02%
5Y Avg
-10.45%
Market Cap
$11.64B
Return on Invested Capital (ROIC)
8.56%
TTM Avg
5.01%
3Y Avg
6.78%
5Y Avg
7.91%
Market Cap
$11.62B
Return on Invested Capital (ROIC)
23.78%
TTM Avg
20.59%
3Y Avg
21.97%
5Y Avg
19.23%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| DocuSign, Inc. (DOCU) | $12.33B | 15.06% | 12.65% | 7.76% | 2.36% |
| GoDaddy Inc. (GDDY)vs › | $12.37B | 20.64% | 17.70% | 14.37% | 11.89% |
| HubSpot, Inc. (HUBS)vs › | $12.38B | 5.70% | -0.53% | -4.07% | -3.84% |
| Nova Ltd. (NVMI)vs › | $12.16B | 10.06% | 11.79% | 12.68% | 12.05% |
| Manhattan Associates, Inc. (MANH)vs › | $11.97B | 90.92% | 58.33% | 55.49% | 48.77% |
| Amkor Technology, Inc. (AMKR)vs › | $12.73B | 7.31% | 6.11% | 8.46% | 9.85% |
| Grab Holdings Limited (GRAB)vs › | $12.93B | 2.70% | 0.52% | -5.02% | -10.45% |
| Advanced Energy Industries, Inc. (AEIS)vs › | $11.64B | 8.56% | 5.01% | 6.78% | 7.91% |
| Gartner, Inc. (IT)vs › | $11.62B | 23.78% | 20.59% | 21.97% | 19.23% |
| Jack Henry & Associates, Inc. (JKHY)vs › | $11.38B | 18.77% | 17.83% | 16.55% | 16.46% |
ROIC
15.1%
ROE
19.2%
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) |
|---|---|
| 2026-07-31 | 15.06% |
| 2026-04-30 | 13.44% |
| 2026-01-31 | 12.13% |
| 2025-10-31 | 11.81% |
| 2025-07-31 | 10.83% |
| 2025-04-30 | 10.66% |
| 2025-01-31 | 9.17% |
| 2024-10-31 | 6.88% |
| 2024-07-31 | 5.13% |
| 2024-04-30 | 3.83% |
| 2024-01-31 | 1.91% |
| 2023-10-31 | 0.87% |
| 2023-07-31 | -0.81% |
| 2023-04-30 | -4.43% |
| 2023-01-31 | -5.76% |
| 2022-10-31 | -8.56% |
| 2022-07-31 | -7.02% |
| 2022-04-30 | -5.72% |
| 2022-01-31 | -5.29% |
| 2021-10-31 | -5.30% |
| 2021-07-31 | -9.30% |
| 2021-04-30 | -11.77% |
| 2021-01-31 | -13.76% |
| 2020-10-31 | -16.96% |
| 2020-07-31 | -15.58% |
| 2020-04-30 | -16.19% |
| 2020-01-31 | -16.16% |
| 2019-10-31 | -17.85% |
| 2019-07-31 | -19.21% |
| 2019-04-30 | -16.55% |
| 2019-01-31 | -38.79% |
| 2018-10-31 | -28.80% |
| 2018-07-31 | -41.52% |
| 2018-04-30 | -119.04% |
| 2018-01-31 | -20.98% |
