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 6.83% is in line with its 5-year average of 6.37%, around the middle of its 5-year range (4.94%–7.84%).
As of the fiscal period ended Friday, July 3, 2026. 8.08% below its 12-month average of 7.43%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
6.83%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
7.43%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
6.61%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
6.37%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
6.32%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
-8.08%
CURRENT VS 3Y AVG
+3.31%
CURRENT VS 5Y AVG
+7.09%
CURRENT VS 10Y AVG
+8.01%
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
-16.45%
vs the sector median at left
Fortive Corporation
Market Cap
$17.07B
Return on Invested Capital (ROIC)
6.83%
TTM Avg
7.43%
3Y Avg
6.61%
5Y Avg
6.37%
Market Cap
$16.79B
Return on Invested Capital (ROIC)
10.35%
TTM Avg
9.27%
3Y Avg
8.53%
5Y Avg
11.34%
Market Cap
$16.75B
Return on Invested Capital (ROIC)
-7.62%
TTM Avg
-3.44%
3Y Avg
-6.28%
5Y Avg
-4.32%
Market Cap
$17.84B
Return on Invested Capital (ROIC)
11.20%
TTM Avg
10.63%
3Y Avg
8.92%
5Y Avg
10.45%
Market Cap
$17.86B
Return on Invested Capital (ROIC)
24.31%
TTM Avg
16.21%
3Y Avg
20.54%
5Y Avg
21.80%
Market Cap
$16.26B
Return on Invested Capital (ROIC)
14.42%
TTM Avg
14.43%
3Y Avg
10.79%
5Y Avg
9.81%
Market Cap
$17.93B
Return on Invested Capital (ROIC)
8.17%
TTM Avg
6.63%
3Y Avg
-0.22%
5Y Avg
3.98%
Market Cap
$18.46B
Return on Invested Capital (ROIC)
12.55%
TTM Avg
12.63%
3Y Avg
14.04%
5Y Avg
14.06%
Market Cap
$18.66B
Return on Invested Capital (ROIC)
-10.75%
TTM Avg
-10.02%
3Y Avg
-11.52%
5Y Avg
-11.90%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Fortive Corporation (FTV) | $17.07B | 6.83% | 7.43% | 6.61% | 6.37% |
| Zebra Technologies Corporation (ZBRA)vs › | $16.79B | 10.35% | 9.27% | 8.53% | 11.34% |
| IREN Limited (IREN)vs › | $16.75B | -7.62% | -3.44% | -6.28% | -4.32% |
| Gen Digital Inc. (GEN)vs › | $17.84B | 11.20% | 10.63% | 8.92% | 10.45% |
| BE Semiconductor Industries N.V. (BESIY)vs › | $17.86B | 24.31% | 16.21% | 20.54% | 21.80% |
| Leidos Holdings, Inc. (LDOS)vs › | $16.26B | 14.42% | 14.43% | 10.79% | 9.81% |
| MKS Inc. (MKSI)vs › | $17.93B | 8.17% | 6.63% | -0.22% | 3.98% |
| CDW Corporation (CDW)vs › | $18.46B | 12.55% | 12.63% | 14.04% | 14.06% |
| Unity Software Inc. (U)vs › | $18.66B | -10.75% | -10.02% | -11.52% | -11.90% |
| PTC Inc. (PTC)vs › | $15.39B | 17.18% | 11.75% | 9.97% | 9.61% |
ROIC
6.8%
ROE
8.8%
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) |
|---|---|
| 2026-07-03 | 6.83% |
| 2026-04-03 | 7.29% |
| 2025-12-31 | 7.84% |
| 2025-09-26 | 7.76% |
| 2025-06-27 | 5.89% |
| 2025-03-28 | 6.49% |
| 2024-12-31 | 6.51% |
| 2024-09-27 | 6.67% |
| 2024-06-28 | 6.50% |
| 2024-03-29 | 6.33% |
| 2023-12-31 | 6.65% |
| 2023-09-29 | 6.90% |
| 2023-06-30 | 6.64% |
| 2023-03-31 | 6.37% |
| 2022-12-31 | 6.14% |
| 2022-09-30 | 5.62% |
| 2022-07-01 | 5.25% |
| 2022-04-01 | 5.01% |
| 2021-12-31 | 4.94% |
| 2021-10-01 | 5.83% |
| 2021-07-02 | 5.56% |
| 2021-04-02 | 4.83% |
| 2020-12-31 | 3.71% |
| 2020-09-25 | 3.49% |
| 2020-06-26 | 4.37% |
| 2020-03-27 | 5.31% |
| 2019-12-31 | 5.94% |
| 2019-09-27 | 6.40% |
| 2019-06-28 | 6.43% |
| 2019-03-29 | 6.94% |
| 2018-12-31 | 8.98% |
| 2018-09-28 | 8.66% |
| 2018-06-29 | 10.44% |
| 2018-03-30 | 11.75% |
| 2017-12-31 | 11.95% |
| 2017-09-29 | 12.43% |
| 2017-06-30 | 13.51% |
| 2017-03-31 | 13.80% |
| 2016-12-31 | 13.51% |
| 2016-09-30 | 13.35% |
| 2016-07-01 | 13.29% |
| 2016-04-01 | 14.11% |
| 2015-12-31 | 14.67% |
| 2015-09-30 | 14.14% |
