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 -39.12% is 17% above its 5-year average of -46.88%, near the high end of its 5-year range (-175.06%–-0.89%).
As of the fiscal period ended Tuesday, June 30, 2026. 11.99% above its 12-month average of -44.45%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): -39.12%.
RETURN ON INVESTED CAPITAL (ROIC)
-39.12%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
-44.45%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
-54.84%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
-46.88%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
-22.34%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
-25.68%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
-22.51%
CURRENT VS TTM AVG
+11.99%
CURRENT VS 3Y AVG
+28.66%
CURRENT VS 5Y AVG
+16.54%
CURRENT VS 10Y AVG
-75.09%
CURRENT VS 15Y AVG
-52.35%
CURRENT VS 20Y AVG
-73.82%
SECTOR MEDIAN · COMMUNICATION SERVICES
1.94%
median of 148 covered companies
CURRENT VS SECTOR MEDIAN
-2116.60%
vs the sector median at left
Fluent, Inc.
Market Cap
$79.61M
Return on Invested Capital (ROIC)
-39.12%
TTM Avg
-44.45%
3Y Avg
-54.84%
5Y Avg
-46.88%
Market Cap
$81.53M
Return on Invested Capital (ROIC)
-10.08%
TTM Avg
-10.63%
3Y Avg
-7.21%
5Y Avg
-4.51%
Market Cap
$83.74M
Return on Invested Capital (ROIC)
27.07%
TTM Avg
-14.70%
3Y Avg
-42.72%
5Y Avg
-29.85%
Market Cap
$86.34M
Return on Invested Capital (ROIC)
-11.74%
TTM Avg
5.47%
3Y Avg
5.47%
5Y Avg
5.47%
Market Cap
$88.34M
Return on Invested Capital (ROIC)
-11.74%
TTM Avg
5.47%
3Y Avg
5.47%
5Y Avg
5.47%
Market Cap
$67.04M
Return on Invested Capital (ROIC)
-12.55%
TTM Avg
-26.42%
3Y Avg
-24.05%
5Y Avg
-25.75%
Market Cap
$64.00M
Return on Invested Capital (ROIC)
0.76%
TTM Avg
-2.63%
3Y Avg
-3.27%
5Y Avg
-4.86%
Market Cap
$60.25M
Return on Invested Capital (ROIC)
-12.06%
TTM Avg
-13.47%
3Y Avg
-17.68%
5Y Avg
-27.50%
Market Cap
$56.33M
Return on Invested Capital (ROIC)
9.23%
TTM Avg
53.88%
3Y Avg
42.07%
5Y Avg
18.31%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Fluent, Inc. (FLNT) | $79.61M | -39.12% | -44.45% | -54.84% | -46.88% |
| MediaCo Holding Inc. (MDIA)vs › | $81.53M | -10.08% | -10.63% | -7.21% | -4.51% |
| Upexi, Inc. (UPXI)vs › | $83.74M | 27.07% | -14.70% | -42.72% | -29.85% |
| Liberty Capital Corporation (GLIBA)vs › | $86.34M | -11.74% | 5.47% | 5.47% | 5.47% |
| Liberty Capital Corporation (GLIBK)vs › | $88.34M | -11.74% | 5.47% | 5.47% | 5.47% |
| PodcastOne, Inc. (PODC)vs › | $67.04M | -12.55% | -26.42% | -24.05% | -25.75% |
| Reading International, Inc. (RDI)vs › | $64.00M | 0.76% | -2.63% | -3.27% | -4.86% |
| Marchex, Inc. (MCHX)vs › | $60.25M | -12.06% | -13.47% | -17.68% | -27.50% |
| Travelzoo (TZOO)vs › | $56.33M | 9.23% | 53.88% | 42.07% | 18.31% |
| Reading International, Inc. (RDIB)vs › | $54.96M | 0.72% | -2.63% | -3.12% | -4.75% |
ROIC
-39.1%
ROE
-286.4%
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 | -39.12% |
| 2026-03-31 | -42.90% |
| 2025-12-31 | -35.58% |
| 2025-09-30 | -52.05% |
| 2025-06-30 | -52.62% |
| 2025-03-31 | -56.22% |
| 2024-12-31 | -39.08% |
| 2024-09-30 | -34.41% |
| 2024-06-30 | -81.39% |
| 2024-03-31 | -53.96% |
| 2023-12-31 | -88.88% |
| 2023-09-30 | -175.06% |
| 2023-06-30 | -81.89% |
| 2023-03-31 | -138.46% |
| 2022-12-31 | -86.19% |
| 2022-09-30 | -23.20% |
| 2022-06-30 | -24.76% |
| 2022-03-31 | -1.53% |
| 2021-12-31 | -1.76% |
| 2021-09-30 | -2.67% |
| 2021-06-30 | -0.89% |
| 2021-03-31 | 1.52% |
| 2020-12-31 | 2.28% |
| 2020-09-30 | 3.15% |
| 2020-06-30 | 1.34% |
| 2020-03-31 | 1.61% |
| 2019-12-31 | 1.90% |
| 2019-09-30 | 2.25% |
| 2019-06-30 | 5.47% |
| 2019-03-31 | 6.25% |
| 2018-12-31 | 4.26% |
| 2018-09-30 | 2.05% |
| 2018-06-30 | -3.60% |
| 2018-03-31 | -7.72% |
| 2017-12-31 | -8.42% |
| 2017-09-30 | -9.67% |
| 2017-06-30 | -10.97% |
| 2017-03-31 | -11.25% |
| 2016-12-31 | -11.74% |
| 2016-09-30 | -22.11% |
| 2016-06-30 | -18.91% |
| 2016-03-31 | -19.05% |
| 2015-12-31 | -16.42% |
| 2015-09-30 | -57.38% |
| 2015-06-30 | -62.82% |
| 2015-03-31 | -7.07% |
| 2014-12-31 | -48.19% |
| 2014-09-30 | -51.96% |
| 2014-06-30 | -44.53% |
| 2014-03-31 | -41.79% |
| 2013-12-31 | -37.65% |
| 2013-09-30 | -157.47% |
| 2013-06-30 | -190.91% |
| 2010-03-31 | -18.19% |
| 2009-12-31 | -16.68% |
| 2009-09-30 | -3.89% |
| 2009-06-30 | -3.25% |
| 2009-03-31 | -2.77% |
| 2008-12-31 | -0.94% |
| 2008-09-30 | -0.79% |
| 2008-06-30 | -0.37% |
| 2008-03-31 | -0.30% |
