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 11.07% is 14% below its 5-year average of 12.83%, near the low end of its 5-year range (9.63%–17.64%).
As of the fiscal period ended Tuesday, June 30, 2026. 8.13% above its 12-month average of 10.24%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 11.07%.
RETURN ON INVESTED CAPITAL (ROIC)
11.07%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
10.24%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
10.54%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
12.83%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
13.05%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
14.14%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
+8.13%
CURRENT VS 3Y AVG
+5.06%
CURRENT VS 5Y AVG
-13.70%
CURRENT VS 10Y AVG
-15.17%
CURRENT VS 15Y AVG
-21.67%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · TECHNOLOGY
8.17%
median of 193 covered companies
CURRENT VS SECTOR MEDIAN
+35.55%
vs the sector median at left
EPAM Systems, Inc.
Market Cap
$6.16B
Return on Invested Capital (ROIC)
11.07%
TTM Avg
10.24%
3Y Avg
10.54%
5Y Avg
12.83%
Market Cap
$5.99B
Return on Invested Capital (ROIC)
16.69%
TTM Avg
15.39%
3Y Avg
13.20%
5Y Avg
13.88%
Market Cap
$5.96B
Return on Invested Capital (ROIC)
13.89%
TTM Avg
12.81%
3Y Avg
13.02%
5Y Avg
11.70%
Market Cap
$5.82B
Return on Invested Capital (ROIC)
-2.83%
TTM Avg
-4.76%
3Y Avg
-34.66%
5Y Avg
-42.70%
Market Cap
$5.76B
Return on Invested Capital (ROIC)
-5.89%
TTM Avg
-7.82%
3Y Avg
-83.52%
5Y Avg
-55.34%
Market Cap
$6.65B
Return on Invested Capital (ROIC)
-17.52%
TTM Avg
-18.38%
3Y Avg
-20.29%
5Y Avg
-20.97%
Market Cap
$6.69B
Return on Invested Capital (ROIC)
10.85%
TTM Avg
8.02%
3Y Avg
0.73%
5Y Avg
-3.59%
Market Cap
$6.83B
Return on Invested Capital (ROIC)
10.63%
TTM Avg
9.91%
3Y Avg
9.71%
5Y Avg
9.84%
Market Cap
$6.89B
Return on Invested Capital (ROIC)
-9.29%
TTM Avg
-7.54%
3Y Avg
-7.19%
5Y Avg
-9.83%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| EPAM Systems, Inc. (EPAM) | $6.16B | 11.07% | 10.24% | 10.54% | 12.83% |
| Cirrus Logic, Inc. (CRUS)vs › | $5.99B | 16.69% | 15.39% | 13.20% | 13.88% |
| Genpact Limited (G)vs › | $5.96B | 13.89% | 12.81% | 13.02% | 11.70% |
| Lyft, Inc. (LYFT)vs › | $5.82B | -2.83% | -4.76% | -34.66% | -42.70% |
| Core Scientific, Inc. (CORZ)vs › | $5.76B | -5.89% | -7.82% | -83.52% | -55.34% |
| SentinelOne, Inc. (S)vs › | $6.65B | -17.52% | -18.38% | -20.29% | -20.97% |
| Duolingo, Inc. (DUOL)vs › | $6.69B | 10.85% | 8.02% | 0.73% | -3.59% |
| Plexus Corp. (PLXS)vs › | $6.83B | 10.63% | 9.91% | 9.71% | 9.84% |
| Cipher Mining Inc. (CIFR)vs › | $6.89B | -9.29% | -7.54% | -7.19% | -9.83% |
| Camtek Ltd. (CAMT)vs › | $6.90B | 7.81% | 11.75% | 11.13% | 10.92% |
ROIC
11.1%
ROE
11.4%
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 | 11.07% |
| 2026-03-31 | 10.48% |
| 2025-12-31 | 10.01% |
| 2025-09-30 | 9.63% |
| 2025-06-30 | 10.01% |
| 2025-03-31 | 10.05% |
| 2024-12-31 | 10.78% |
| 2024-09-30 | 10.98% |
| 2024-06-30 | 10.24% |
| 2024-03-31 | 10.69% |
| 2023-12-31 | 10.51% |
| 2023-09-30 | 12.03% |
| 2023-06-30 | 13.97% |
| 2023-03-31 | 13.61% |
| 2022-12-31 | 14.51% |
| 2022-09-30 | 16.44% |
| 2022-06-30 | 16.46% |
| 2022-03-31 | 17.54% |
| 2021-12-31 | 17.64% |
| 2021-09-30 | 16.73% |
| 2021-06-30 | 16.07% |
| 2021-03-31 | 15.21% |
| 2020-12-31 | 14.54% |
| 2020-09-30 | 14.39% |
| 2020-06-30 | 14.47% |
| 2020-03-31 | 14.60% |
| 2019-12-31 | 14.21% |
| 2019-09-30 | 14.40% |
| 2019-06-30 | 14.82% |
| 2019-03-31 | 15.02% |
| 2018-12-31 | 17.52% |
| 2018-09-30 | 11.46% |
| 2018-06-30 | 10.27% |
| 2018-03-31 | 9.61% |
| 2017-12-31 | 8.90% |
| 2017-09-30 | 12.99% |
| 2017-06-30 | 12.31% |
| 2017-03-31 | 12.33% |
| 2016-12-31 | 12.96% |
| 2016-09-30 | 12.87% |
| 2016-06-30 | 12.87% |
| 2016-03-31 | 12.85% |
| 2015-12-31 | 12.97% |
| 2015-09-30 | 13.03% |
| 2015-06-30 | 13.45% |
| 2015-03-31 | 14.20% |
| 2014-12-31 | 14.73% |
| 2014-09-30 | 14.49% |
| 2014-06-30 | 14.65% |
| 2014-03-31 | 16.77% |
| 2013-12-31 | 16.33% |
| 2013-09-30 | 16.36% |
| 2013-06-30 | 17.01% |
| 2013-03-31 | 18.01% |
| 2012-12-31 | 18.73% |
| 2012-09-30 | 19.64% |
| 2012-06-30 | 22.03% |
| 2012-03-31 | 21.17% |
| 2011-12-31 | 25.33% |
| 2011-09-30 | 27.11% |
| 2011-06-30 | 22.50% |
| 2011-03-31 | 24.41% |
| 2010-12-31 | 22.09% |