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 -0.19% is 88% above its 5-year average of -1.60%, near the high end of its 5-year range (-7.30%–0.84%).
As of the fiscal period ended Tuesday, June 30, 2026. 278.32% below its 12-month average of 0.10%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): -0.19%.
RETURN ON INVESTED CAPITAL (ROIC)
-0.19%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
0.10%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
-0.14%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
-1.60%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
-278.32%
CURRENT VS 3Y AVG
-34.25%
CURRENT VS 5Y AVG
+88.36%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · TECHNOLOGY
3.00%
median of 437 covered companies
CURRENT VS SECTOR MEDIAN
-106.21%
vs the sector median at left
Grid Dynamics Holdings, Inc.
Market Cap
$635.22M
Return on Invested Capital (ROIC)
-0.19%
TTM Avg
0.10%
3Y Avg
-0.14%
5Y Avg
-1.60%
Market Cap
$628.68M
Return on Invested Capital (ROIC)
15.40%
TTM Avg
19.62%
3Y Avg
18.16%
5Y Avg
16.09%
Market Cap
$620.13M
Return on Invested Capital (ROIC)
-18.86%
TTM Avg
-19.07%
3Y Avg
-19.85%
5Y Avg
-19.30%
Market Cap
$613.24M
Return on Invested Capital (ROIC)
23.03%
TTM Avg
29.91%
3Y Avg
14.48%
5Y Avg
7.93%
Market Cap
$657.57M
Return on Invested Capital (ROIC)
3.34%
TTM Avg
0.31%
3Y Avg
-11.54%
5Y Avg
-6.79%
Market Cap
$661.59M
Return on Invested Capital (ROIC)
17.68%
TTM Avg
19.29%
3Y Avg
19.32%
5Y Avg
19.45%
Market Cap
$679.39M
Return on Invested Capital (ROIC)
4.01%
TTM Avg
5.48%
3Y Avg
5.17%
5Y Avg
5.83%
Market Cap
$586.43M
Return on Invested Capital (ROIC)
-0.25%
TTM Avg
-25.28%
3Y Avg
-17.75%
5Y Avg
-12.80%
Market Cap
$578.14M
Return on Invested Capital (ROIC)
21.85%
TTM Avg
21.97%
3Y Avg
18.20%
5Y Avg
14.91%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Grid Dynamics Holdings, Inc. (GDYN) | $635.22M | -0.19% | 0.10% | -0.14% | -1.60% |
| Climb Global Solutions, Inc. (CLMB)vs › | $628.68M | 15.40% | 19.62% | 18.16% | 16.09% |
| indie Semiconductor, Inc. (INDI)vs › | $620.13M | -18.86% | -19.07% | -19.85% | -19.30% |
| Docebo Inc. (DCBO)vs › | $613.24M | 23.03% | 29.91% | 14.48% | 7.93% |
| Cognyte Software Ltd. (CGNT)vs › | $657.57M | 3.34% | 0.31% | -11.54% | -6.79% |
| Consensus Cloud Solutions, Inc. (CCSI)vs › | $661.59M | 17.68% | 19.29% | 19.32% | 19.45% |
| Gilat Satellite Networks Ltd. (GILT)vs › | $679.39M | 4.01% | 5.48% | 5.17% | 5.83% |
| ADTRAN Holdings Inc. (ADTN)vs › | $586.43M | -0.25% | -25.28% | -17.75% | -12.80% |
| IBEX Limited (IBEX)vs › | $578.14M | 21.85% | 21.97% | 18.20% | 14.91% |
| LightPath Technologies, Inc. (LPTH)vs › | $700.73M | -0.70% | -9.50% | -11.48% | -9.30% |
ROIC
-0.2%
ROE
0.6%
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 | -0.19% |
| 2026-03-31 | -0.32% |
| 2025-12-31 | -0.18% |
| 2025-09-30 | 0.41% |
| 2025-06-30 | 0.80% |
| 2025-03-31 | 0.69% |
| 2024-12-31 | 0.22% |
| 2024-09-30 | -0.58% |
| 2024-06-30 | -0.89% |
| 2024-03-31 | -0.72% |
| 2023-12-31 | -0.77% |
| 2023-09-30 | -2.61% |
| 2023-06-30 | -3.93% |
| 2023-03-31 | -7.30% |
| 2022-12-31 | -5.60% |
| 2022-09-30 | -4.72% |
| 2022-06-30 | -4.26% |
| 2022-03-31 | 0.84% |
| 2021-12-31 | 0.02% |
| 2021-09-30 | -0.71% |
| 2021-06-30 | -3.80% |
| 2021-03-31 | -7.16% |
| 2020-12-31 | -10.04% |
| 2020-09-30 | -5.16% |
| 2020-06-30 | -0.34% |
| 2020-03-31 | 3.94% |
| 2019-12-31 | 17.29% |
| 2019-09-30 | 17.34% |
| 2019-06-30 | 2.66% |
