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 10.85% is 592% above its 5-year average of -2.21%, near the high end of its 5-year range (-26.27%–10.95%).
As of the fiscal period ended Tuesday, June 30, 2026. 15.98% above its 12-month average of 9.35%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 10.85%.
RETURN ON INVESTED CAPITAL (ROIC)
10.85%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
9.35%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
5.28%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
-2.21%
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
+15.98%
CURRENT VS 3Y AVG
+105.53%
CURRENT VS 5Y AVG
+591.54%
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
+32.78%
vs the sector median at left
Duolingo, Inc.
Market Cap
$6.71B
Return on Invested Capital (ROIC)
10.85%
TTM Avg
9.35%
3Y Avg
5.28%
5Y Avg
-2.21%
Market Cap
$6.73B
Return on Invested Capital (ROIC)
-17.52%
TTM Avg
-18.38%
3Y Avg
-20.29%
5Y Avg
-20.97%
Market Cap
$6.61B
Return on Invested Capital (ROIC)
10.63%
TTM Avg
9.91%
3Y Avg
9.71%
5Y Avg
9.84%
Market Cap
$6.82B
Return on Invested Capital (ROIC)
7.81%
TTM Avg
11.75%
3Y Avg
11.13%
5Y Avg
10.92%
Market Cap
$6.57B
Return on Invested Capital (ROIC)
-9.29%
TTM Avg
-7.54%
3Y Avg
-7.19%
5Y Avg
-9.83%
Market Cap
$7.37B
Return on Invested Capital (ROIC)
7.40%
TTM Avg
-2.59%
3Y Avg
-7.26%
5Y Avg
-12.59%
Market Cap
$7.42B
Return on Invested Capital (ROIC)
26.85%
TTM Avg
22.73%
3Y Avg
5.80%
5Y Avg
3.92%
Market Cap
$6.00B
Return on Invested Capital (ROIC)
11.07%
TTM Avg
10.30%
3Y Avg
11.40%
5Y Avg
12.97%
Market Cap
$5.85B
Return on Invested Capital (ROIC)
13.89%
TTM Avg
12.81%
3Y Avg
13.02%
5Y Avg
11.70%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Duolingo, Inc. (DUOL) | $6.71B | 10.85% | 9.35% | 5.28% | -2.21% |
| SentinelOne, Inc. (S)vs › | $6.73B | -17.52% | -18.38% | -20.29% | -20.97% |
| Plexus Corp. (PLXS)vs › | $6.61B | 10.63% | 9.91% | 9.71% | 9.84% |
| Camtek Ltd. (CAMT)vs › | $6.82B | 7.81% | 11.75% | 11.13% | 10.92% |
| Cipher Mining Inc. (CIFR)vs › | $6.57B | -9.29% | -7.54% | -7.19% | -9.83% |
| UiPath Inc. (PATH)vs › | $7.37B | 7.40% | -2.59% | -7.26% | -12.59% |
| AppFolio Inc. (APPF)vs › | $7.42B | 26.85% | 22.73% | 5.80% | 3.92% |
| EPAM Systems, Inc. (EPAM)vs › | $6.00B | 11.07% | 10.30% | 11.40% | 12.97% |
| Genpact Limited (G)vs › | $5.85B | 13.89% | 12.81% | 13.02% | 11.70% |
| Applied Digital Corp. (APLD)vs › | $7.60B | -2.21% | -4.08% | -10.55% | -11.25% |
ROIC
10.8%
ROE
29.1%
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 | 10.85% |
| 2026-03-31 | 10.95% |
| 2025-12-31 | 9.80% |
| 2025-09-30 | 7.93% |
| 2025-06-30 | 7.25% |
| 2025-03-31 | 6.48% |
| 2024-12-31 | 6.24% |
| 2024-09-30 | 5.64% |
| 2024-06-30 | 3.95% |
| 2024-03-31 | 1.53% |
| 2023-12-31 | -1.69% |
| 2023-09-30 | -5.58% |
| 2023-06-30 | -8.23% |
| 2023-03-31 | -10.37% |
| 2022-12-31 | -11.16% |
| 2022-09-30 | -11.28% |
| 2022-06-30 | -12.62% |
| 2022-03-31 | -9.91% |
| 2021-12-31 | -10.28% |
| 2021-09-30 | -9.56% |
| 2021-06-30 | -26.27% |
| 2021-03-31 | -27.95% |
| 2020-12-31 | -14.15% |
| 2019-12-31 | -20.17% |
