Basis: Latest reported fiscal year. 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 13.68% is 68% above its 5-year average of 8.16%, near the high end of its 5-year range (1.94%–13.68%).
As of the fiscal period ended Wednesday, December 31, 2025. 4.75% above its 12-month average of 13.06%.
Annual fiscal-year return on invested capital; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
13.68%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
13.06%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
9.20%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
8.16%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
4.20%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
4.64%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
5.72%
CURRENT VS TTM AVG
+4.75%
CURRENT VS 3Y AVG
+48.78%
CURRENT VS 5Y AVG
+67.58%
CURRENT VS 10Y AVG
+225.86%
CURRENT VS 15Y AVG
+194.59%
CURRENT VS 20Y AVG
+139.08%
SECTOR MEDIAN · TECHNOLOGY
8.67%
median of 167 covered companies
CURRENT VS SECTOR MEDIAN
+57.79%
vs the sector median at left
First Solar, Inc.
Market Cap
$25.72B
Return on Invested Capital (ROIC)
13.68%
TTM Avg
13.06%
3Y Avg
9.20%
5Y Avg
8.16%
Market Cap
$26.20B
Return on Invested Capital (ROIC)
8.76%
TTM Avg
9.77%
3Y Avg
10.34%
5Y Avg
10.06%
Market Cap
$26.27B
Return on Invested Capital (ROIC)
12.31%
TTM Avg
12.78%
3Y Avg
13.55%
5Y Avg
13.20%
Market Cap
$25.05B
Return on Invested Capital (ROIC)
1.88%
TTM Avg
0.68%
3Y Avg
-4.02%
5Y Avg
-5.54%
Market Cap
$26.47B
Return on Invested Capital (ROIC)
-26.81%
TTM Avg
-28.01%
3Y Avg
-31.54%
5Y Avg
-31.38%
Market Cap
$26.52B
Return on Invested Capital (ROIC)
N/A
TTM Avg
-30712.72%
3Y Avg
-15290.31%
5Y Avg
-10160.01%
Market Cap
$27.25B
Return on Invested Capital (ROIC)
24.97%
TTM Avg
24.84%
3Y Avg
25.36%
5Y Avg
29.30%
Market Cap
$27.46B
Return on Invested Capital (ROIC)
5.20%
TTM Avg
1.87%
3Y Avg
4.50%
5Y Avg
0.42%
Market Cap
$27.85B
Return on Invested Capital (ROIC)
8.03%
TTM Avg
8.36%
3Y Avg
7.24%
5Y Avg
5.78%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| First Solar, Inc. (FSLR) | $25.72B | 13.68% | 13.06% | 9.20% | 8.16% |
| Corpay, Inc. (CPAY)vs › | $26.20B | 8.76% | 9.77% | 10.34% | 10.06% |
| Cognizant Technology Solutions Corporation (CTSH)vs › | $26.27B | 12.31% | 12.78% | 13.55% | 13.20% |
| Okta, Inc. (OKTA)vs › | $25.05B | 1.88% | 0.68% | -4.02% | -5.54% |
| Roblox Corporation (RBLX)vs › | $26.47B | -26.81% | -28.01% | -31.54% | -31.38% |
| VeriSign, Inc. (VRSN)vs › | $26.52B | N/A | -30712.72% | -15290.31% | -10160.01% |
| HP Inc. (HPQ)vs › | $27.25B | 24.97% | 24.84% | 25.36% | 29.30% |
| GLOBALFOUNDRIES Inc. (GFS)vs › | $27.46B | 5.20% | 1.87% | 4.50% | 0.42% |
| Fiserv, Inc. (FISV)vs › | $27.85B | 8.03% | 8.36% | 7.24% | 5.78% |
| Verisk Analytics, Inc. (VRSK)vs › | $23.58B | 19.56% | 23.38% | 22.29% | 18.45% |
ROIC
13.7%
ROE
16.9%
ROIC = NOPAT / Invested Capital
Return on invested capital measures the after-tax return a company earns on all capital (debt and equity) invested in the business.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | RETURN ON INVESTED CAPITAL (ROIC) |
|---|---|
| 2025-12-31 | 13.68% |
| 2024-12-31 | 12.44% |
| 2023-12-31 | 8.72% |
| 2022-12-31 | 1.94% |
| 2021-12-31 | 7.17% |
| 2020-12-31 | 5.03% |
| 2019-12-31 | -2.48% |
| 2018-12-31 | 0.62% |
| 2017-12-31 | -2.29% |
| 2016-12-31 | -9.48% |
| 2015-12-31 | 10.83% |
| 2014-12-31 | 6.92% |
| 2013-12-31 | 6.37% |
| 2012-12-31 | -0.71% |
| 2011-12-31 | -1.04% |
| 2010-12-31 | 16.58% |
| 2009-12-31 | 21.25% |
| 2008-12-31 | 18.62% |
| 2007-12-31 | 11.21% |
| 2006-12-31 | 0.22% |
| 2005-12-31 | -5.44% |
| 2004-12-31 | -46.09% |
| 2003-12-31 | 0.00% |
| 2002-12-31 | -118.45% |
| 2001-12-31 | -216.64% |
