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 16.65% is in line with its 5-year average of 15.92%, near the high end of its 5-year range (14.41%–17.06%).
As of the fiscal period ended Saturday, December 27, 2025. 1.12% above its 12-month average of 16.46%.
Annual fiscal-year return on invested capital; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
16.65%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
16.46%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
15.58%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
15.92%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
15.43%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
15.34%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
15.86%
CURRENT VS TTM AVG
+1.12%
CURRENT VS 3Y AVG
+6.87%
CURRENT VS 5Y AVG
+4.56%
CURRENT VS 10Y AVG
+7.91%
CURRENT VS 15Y AVG
+8.56%
CURRENT VS 20Y AVG
+4.96%
SECTOR MEDIAN · TECHNOLOGY
8.03%
median of 177 covered companies
CURRENT VS SECTOR MEDIAN
+107.35%
vs the sector median at left
Garmin Ltd.
Market Cap
$57.38B
Return on Invested Capital (ROIC)
16.65%
TTM Avg
16.46%
3Y Avg
15.58%
5Y Avg
15.92%
Market Cap
$57.21B
Return on Invested Capital (ROIC)
18.45%
TTM Avg
17.85%
3Y Avg
18.95%
5Y Avg
22.86%
Market Cap
$59.90B
Return on Invested Capital (ROIC)
8.82%
TTM Avg
11.73%
3Y Avg
12.72%
5Y Avg
13.02%
Market Cap
$53.93B
Return on Invested Capital (ROIC)
0.75%
TTM Avg
-4.54%
3Y Avg
-1.13%
5Y Avg
0.66%
Market Cap
$53.44B
Return on Invested Capital (ROIC)
8.02%
TTM Avg
7.76%
3Y Avg
11.85%
5Y Avg
12.05%
Market Cap
$61.82B
Return on Invested Capital (ROIC)
11.03%
TTM Avg
11.97%
3Y Avg
13.63%
5Y Avg
0.71%
Market Cap
$52.67B
Return on Invested Capital (ROIC)
5.35%
TTM Avg
4.12%
3Y Avg
4.90%
5Y Avg
6.50%
Market Cap
$52.55B
Return on Invested Capital (ROIC)
9.30%
TTM Avg
10.31%
3Y Avg
10.05%
5Y Avg
9.40%
Market Cap
$62.44B
Return on Invested Capital (ROIC)
-0.59%
TTM Avg
1.82%
3Y Avg
3.45%
5Y Avg
3.64%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Garmin Ltd. (GRMN) | $57.38B | 16.65% | 16.46% | 15.58% | 15.92% |
| Teradyne, Inc. (TER)vs › | $57.21B | 18.45% | 17.85% | 18.95% | 22.86% |
| TE Connectivity plc (TEL)vs › | $59.90B | 8.82% | 11.73% | 12.72% | 13.02% |
| Lumentum Holdings Inc. (LITE)vs › | $53.93B | 0.75% | -4.54% | -1.13% | 0.66% |
| Keysight Technologies, Inc. (KEYS)vs › | $53.44B | 8.02% | 7.76% | 11.85% | 12.05% |
| NXP Semiconductors N.V. (NXPI)vs › | $61.82B | 11.03% | 11.97% | 13.63% | 0.71% |
| Ciena Corporation (CIEN)vs › | $52.67B | 5.35% | 4.12% | 4.90% | 6.50% |
| Electronic Arts Inc. (EA)vs › | $52.55B | 9.30% | 10.31% | 10.05% | 9.40% |
| Hewlett Packard Enterprise Company (HPE)vs › | $62.44B | -0.59% | 1.82% | 3.45% | 3.64% |
| Astera Labs, Inc. Common Stock (ALAB)vs › | $51.37B | 12.40% | 0.21% | -13.10% | -13.10% |
ROIC
16.6%
ROE
20.8%
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) |
|---|---|
| 2025-12-27 | 16.65% |
| 2024-12-28 | 16.28% |
| 2023-12-31 | 14.98% |
| 2022-12-31 | 14.41% |
| 2021-12-31 | 17.06% |
| 2020-12-31 | 16.16% |
| 2019-12-31 | 17.78% |
| 2018-12-31 | 14.71% |
| 2017-12-31 | 16.00% |
| 2016-12-31 | 13.52% |
| 2015-12-31 | 12.17% |
| 2014-12-31 | 9.50% |
| 2013-12-31 | 13.53% |
| 2012-12-31 | 13.96% |
| 2011-12-31 | 13.67% |
| 2010-12-31 | 19.18% |
| 2009-12-31 | 21.78% |
| 2008-12-31 | 28.25% |
| 2007-12-31 | 31.85% |
| 2006-12-31 | 30.75% |
| 2005-12-31 | 24.21% |
| 2004-12-31 | 23.18% |
| 2003-12-31 | 23.85% |
| 2002-12-31 | 22.20% |
| 2001-12-31 | 20.10% |
| 2000-12-31 | 22.98% |
| 1999-12-31 | 28.30% |
