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 -2.26% is 169% below its 5-year average of 3.29%, near the low end of its 5-year range (-2.26%–9.81%).
As of the fiscal period ended Tuesday, June 30, 2026. 841.22% below its 12-month average of 0.30%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): -2.26%.
RETURN ON INVESTED CAPITAL (ROIC)
-2.26%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
0.30%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
0.78%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
3.29%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
4.99%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
5.83%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
5.97%
CURRENT VS TTM AVG
-841.22%
CURRENT VS 3Y AVG
-388.56%
CURRENT VS 5Y AVG
-168.59%
CURRENT VS 10Y AVG
-145.18%
CURRENT VS 15Y AVG
-138.68%
CURRENT VS 20Y AVG
-137.79%
SECTOR MEDIAN · INDUSTRIALS
4.62%
median of 357 covered companies
CURRENT VS SECTOR MEDIAN
-148.83%
vs the sector median at left
Forrester Research, Inc.
Market Cap
$218.29M
Return on Invested Capital (ROIC)
-2.26%
TTM Avg
0.30%
3Y Avg
0.78%
5Y Avg
3.29%
Market Cap
$207.87M
Return on Invested Capital (ROIC)
9.26%
TTM Avg
8.21%
3Y Avg
8.09%
5Y Avg
6.00%
Market Cap
$206.12M
Return on Invested Capital (ROIC)
-2.85%
TTM Avg
-2.40%
3Y Avg
-2.50%
5Y Avg
-11.09%
Market Cap
$206.76M
Return on Invested Capital (ROIC)
-4.56%
TTM Avg
-5.36%
3Y Avg
-10.93%
5Y Avg
-12.53%
Market Cap
$236.03M
Return on Invested Capital (ROIC)
0.25%
TTM Avg
1.81%
3Y Avg
2.56%
5Y Avg
3.84%
Market Cap
$195.34M
Return on Invested Capital (ROIC)
2.41%
TTM Avg
1.60%
3Y Avg
-0.95%
5Y Avg
-0.54%
Market Cap
$241.11M
Return on Invested Capital (ROIC)
-12.26%
TTM Avg
-21.83%
3Y Avg
-25.42%
5Y Avg
-31.16%
Market Cap
$243.34M
Return on Invested Capital (ROIC)
N/A
TTM Avg
-28.79%
3Y Avg
-80.25%
5Y Avg
-80.25%
Market Cap
$180.29M
Return on Invested Capital (ROIC)
-24.39%
TTM Avg
-159.21%
3Y Avg
-694.94%
5Y Avg
-473.61%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Forrester Research, Inc. (FORR) | $218.29M | -2.26% | 0.30% | 0.78% | 3.29% |
| Energy Services of America Corporation (ESOA)vs › | $207.87M | 9.26% | 8.21% | 8.09% | 6.00% |
| AIRO Group Holdings, Inc. Common Stock (AIRO)vs › | $206.12M | -2.85% | -2.40% | -2.50% | -11.09% |
| Microvast Holdings, Inc. (MVST)vs › | $206.76M | -4.56% | -5.36% | -10.93% | -12.53% |
| AerSale Corporation (ASLE)vs › | $236.03M | 0.25% | 1.81% | 2.56% | 3.84% |
| Ampco-Pittsburgh Corp. (AP)vs › | $195.34M | 2.41% | 1.60% | -0.95% | -0.54% |
| Lightbridge Corporation (LTBR)vs › | $241.11M | -12.26% | -21.83% | -25.42% | -31.16% |
| BNB Standard Corp. (BNC)vs › | $243.34M | N/A | -28.79% | -80.25% | -80.25% |
| Draganfly Inc. (DPRO)vs › | $180.29M | -24.39% | -159.21% | -694.94% | -473.61% |
| AIAI Holdings Corporation Class A Common Stock (AIAI)vs › | $252.43M | N/A | N/A | N/A | N/A |
ROIC
-2.3%
ROE
-35.0%
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 | -2.26% |
| 2026-03-31 | -0.37% |
| 2025-12-31 | 0.98% |
| 2025-09-30 | 0.75% |
| 2025-06-30 | 2.42% |
| 2025-03-31 | 4.46% |
| 2024-12-31 | 0.63% |
| 2024-09-30 | 0.46% |
| 2024-06-30 | 0.99% |
| 2024-03-31 | 0.46% |
| 2023-12-31 | 1.15% |
| 2023-09-30 | 0.91% |
| 2023-06-30 | 1.86% |
| 2023-03-31 | 4.56% |
| 2022-12-31 | 6.84% |
| 2022-09-30 | 9.81% |
| 2022-06-30 | 9.80% |
| 2022-03-31 | 8.16% |
| 2021-12-31 | 7.86% |
| 2021-09-30 | 5.97% |
| 2021-06-30 | 3.62% |
| 2021-03-31 | 4.38% |
| 2020-12-31 | 3.23% |
| 2020-09-30 | 4.09% |
| 2020-06-30 | 4.60% |
| 2020-03-31 | 2.73% |
| 2019-12-31 | -0.28% |
| 2019-09-30 | 0.23% |
| 2019-06-30 | 1.10% |
| 2019-03-31 | 2.01% |
| 2018-12-31 | 8.96% |
| 2018-09-30 | 7.35% |
| 2018-06-30 | 8.51% |
| 2018-03-31 | 8.13% |
| 2017-12-31 | 10.15% |
| 2017-09-30 | 13.10% |
| 2017-06-30 | 13.41% |
| 2017-03-31 | 13.68% |
| 2016-12-31 | 11.00% |
| 2016-09-30 | 9.19% |
| 2016-06-30 | 10.05% |
| 2016-03-31 | 9.53% |
| 2015-12-31 | 8.56% |
| 2015-09-30 | 9.57% |
| 2015-06-30 | 8.51% |
| 2015-03-31 | 7.31% |
| 2014-12-31 | 7.13% |
| 2014-09-30 | 6.88% |
| 2014-06-30 | 6.09% |
| 2014-03-31 | 6.09% |
| 2013-12-31 | 6.25% |
| 2013-09-30 | 6.65% |
| 2013-06-30 | 9.63% |
| 2013-03-31 | 7.81% |
| 2012-12-31 | 8.07% |
| 2012-09-30 | 9.16% |
| 2012-06-30 | 8.03% |
| 2012-03-31 | 7.29% |
| 2011-12-31 | 7.14% |
| 2011-09-30 | 5.99% |
| 2011-06-30 | 5.31% |
| 2011-03-31 | 5.75% |
| 2010-12-31 | 6.59% |
| 2010-09-30 | 5.91% |
| 2010-06-30 | 6.27% |
| 2010-03-31 | 6.43% |
| 2009-12-31 | 5.66% |
| 2009-09-30 | 7.03% |
| 2009-06-30 | 7.41% |
| 2009-03-31 | 7.52% |
| 2008-12-31 | 7.98% |
| 2008-09-30 | 6.62% |
| 2008-06-30 | 6.58% |
| 2008-03-31 | 6.11% |
| 2007-12-31 | 5.05% |
| 2007-09-30 | 5.78% |
| 2007-06-30 | 5.15% |
| 2007-03-31 | 4.85% |
| 2006-12-31 | 5.00% |
| 2006-09-30 | 3.89% |
| 2006-06-30 | 3.96% |
| 2006-03-31 | 3.98% |
| 2005-12-31 | 4.32% |
| 2005-09-30 | 4.51% |
| 2005-06-30 | 4.28% |
| 2005-03-31 | 1.72% |
| 2004-12-31 | 0.67% |
| 2004-09-30 | -0.38% |
| 2004-06-30 | -2.43% |
| 2004-03-31 | -0.33% |
| 2003-12-31 | 0.52% |
| 2003-09-30 | 1.27% |
| 2003-06-30 | 1.19% |