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 6.80% is 58% below its 5-year average of 16.28%, near the low end of its 5-year range (6.80%–22.90%).
As of the fiscal period ended Tuesday, June 30, 2026. 50.29% below its 12-month average of 13.68%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 6.80%.
RETURN ON INVESTED CAPITAL (ROIC)
6.80%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
13.68%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
16.34%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
16.28%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
17.77%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
16.13%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
15.19%
CURRENT VS TTM AVG
-50.29%
CURRENT VS 3Y AVG
-58.39%
CURRENT VS 5Y AVG
-58.22%
CURRENT VS 10Y AVG
-61.72%
CURRENT VS 15Y AVG
-57.83%
CURRENT VS 20Y AVG
-55.24%
SECTOR MEDIAN · CONSUMER CYCLICAL
4.94%
median of 257 covered companies
CURRENT VS SECTOR MEDIAN
+37.67%
vs the sector median at left
Gentex Corporation
Market Cap
$4.64B
Return on Invested Capital (ROIC)
6.80%
TTM Avg
13.68%
3Y Avg
16.34%
5Y Avg
16.28%
Market Cap
$4.65B
Return on Invested Capital (ROIC)
7.88%
TTM Avg
10.43%
3Y Avg
9.21%
5Y Avg
9.60%
Market Cap
$4.46B
Return on Invested Capital (ROIC)
14.60%
TTM Avg
14.64%
3Y Avg
16.34%
5Y Avg
15.91%
Market Cap
$4.88B
Return on Invested Capital (ROIC)
31.32%
TTM Avg
37.77%
3Y Avg
33.95%
5Y Avg
29.97%
Market Cap
$4.16B
Return on Invested Capital (ROIC)
6.72%
TTM Avg
6.94%
3Y Avg
5.19%
5Y Avg
2.00%
Market Cap
$4.11B
Return on Invested Capital (ROIC)
11.13%
TTM Avg
11.44%
3Y Avg
18.23%
5Y Avg
21.08%
Market Cap
$5.25B
Return on Invested Capital (ROIC)
7.01%
TTM Avg
7.91%
3Y Avg
7.83%
5Y Avg
7.56%
Market Cap
$5.37B
Return on Invested Capital (ROIC)
38.84%
TTM Avg
-11.77%
3Y Avg
6.89%
5Y Avg
10.63%
Market Cap
$5.39B
Return on Invested Capital (ROIC)
7.19%
TTM Avg
5.48%
3Y Avg
4.37%
5Y Avg
4.22%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Gentex Corporation (GNTX) | $4.64B | 6.80% | 13.68% | 16.34% | 16.28% |
| Mattel, Inc. (MAT)vs › | $4.65B | 7.88% | 10.43% | 9.21% | 9.60% |
| Cavco Industries, Inc. (CVCO)vs › | $4.46B | 14.60% | 14.64% | 16.34% | 15.91% |
| Garrett Motion Inc. (GTX)vs › | $4.88B | 31.32% | 37.77% | 33.95% | 29.97% |
| MakeMyTrip Limited (MMYT)vs › | $4.16B | 6.72% | 6.94% | 5.19% | 2.00% |
| BRP Inc. (DOO)vs › | $4.11B | 11.13% | 11.44% | 18.23% | 21.08% |
| Vail Resorts, Inc. (MTN)vs › | $5.25B | 7.01% | 7.91% | 7.83% | 7.56% |
| H&R Block, Inc. (HRB)vs › | $5.37B | 38.84% | -11.77% | 6.89% | 10.63% |
| The Cheesecake Factory Incorporated (CAKE)vs › | $5.39B | 7.19% | 5.48% | 4.37% | 4.22% |
| Churchill Downs Incorporated (CHDN)vs › | $5.48B | 7.53% | 7.92% | 6.66% | 6.21% |
ROIC
6.8%
ROE
16.0%
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 | 6.80% |
| 2026-03-31 | 15.97% |
| 2025-12-31 | 15.60% |
| 2025-09-30 | 14.74% |
| 2025-06-30 | 15.29% |
| 2025-03-31 | 15.03% |
| 2024-12-31 | 15.70% |
| 2024-09-30 | 17.41% |
| 2024-06-30 | 17.43% |
| 2024-03-31 | 18.04% |
| 2023-12-31 | 17.48% |
| 2023-09-30 | 17.12% |
| 2023-06-30 | 16.34% |
| 2023-03-31 | 15.28% |
| 2022-12-31 | 14.91% |
| 2022-09-30 | 15.48% |
| 2022-06-30 | 15.95% |
| 2022-03-31 | 17.01% |
| 2021-12-31 | 18.21% |
| 2021-09-30 | 21.45% |
| 2021-06-30 | 22.90% |
| 2021-03-31 | 17.90% |
| 2020-12-31 | 16.48% |
| 2020-09-30 | 14.82% |
| 2020-06-30 | 14.74% |
| 2020-03-31 | 20.34% |
| 2019-12-31 | 20.60% |
| 2019-09-30 | 21.12% |
| 2019-06-30 | 21.31% |
| 2019-03-31 | 21.87% |
| 2018-12-31 | 22.24% |
| 2018-09-30 | 23.78% |
| 2018-06-30 | 21.56% |
| 2018-03-31 | 19.82% |
| 2017-12-31 | 18.31% |
| 2017-09-30 | 16.32% |
| 2017-06-30 | 16.56% |
| 2017-03-31 | 16.59% |
| 2016-12-31 | 16.08% |
| 2016-09-30 | 16.47% |
| 2016-06-30 | 16.38% |
| 2016-03-31 | 15.97% |
| 2015-12-31 | 15.56% |
| 2015-09-30 | 15.21% |
| 2015-06-30 | 14.75% |
| 2015-03-31 | 14.95% |
| 2014-12-31 | 14.61% |
| 2014-09-30 | 15.16% |
| 2014-06-30 | 14.34% |
| 2014-03-31 | 13.46% |
| 2013-12-31 | 12.54% |
| 2013-09-30 | 11.38% |
| 2013-06-30 | 13.31% |
| 2013-03-31 | 12.97% |
| 2012-12-31 | 13.44% |
| 2012-09-30 | 13.93% |
| 2012-06-30 | 14.21% |
| 2012-03-31 | 14.21% |
| 2011-12-31 | 14.49% |
| 2011-09-30 | 14.86% |
| 2011-06-30 | 14.01% |
| 2011-03-31 | 14.24% |
| 2010-12-31 | 13.89% |
| 2010-09-30 | 14.49% |
| 2010-06-30 | 14.03% |
| 2010-03-31 | 11.51% |
| 2009-12-31 | 8.31% |
| 2009-09-30 | 5.74% |
| 2009-06-30 | 4.97% |
| 2009-03-31 | 6.93% |
| 2008-12-31 | 10.27% |
| 2008-09-30 | 11.79% |
| 2008-06-30 | 12.12% |
| 2008-03-31 | 12.27% |
| 2007-12-31 | 11.37% |
| 2007-09-30 | 11.55% |
| 2007-06-30 | 11.57% |
| 2007-03-31 | 11.89% |
| 2006-12-31 | 11.89% |
| 2006-09-30 | 12.15% |
| 2006-06-30 | 12.11% |
| 2006-03-31 | 10.86% |
| 2005-12-31 | 10.80% |
| 2005-09-30 | 11.30% |
| 2005-06-30 | 11.14% |
| 2005-03-31 | 11.89% |
| 2004-12-31 | 12.66% |
| 2004-09-30 | 13.46% |
| 2004-06-30 | 13.75% |
| 2004-03-31 | 13.79% |
| 2003-12-31 | 13.89% |
| 2003-09-30 | 13.94% |
| 2003-06-30 | 14.03% |
