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 6.67% is 275% above its 5-year average of -3.82%, near the high end of its 5-year range (-12.30%–6.67%).
As of the fiscal period ended Friday, July 31, 2026. 56.80% above its 12-month average of 4.25%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q4 FY2026 (2026-07-31): 6.67%.
RETURN ON INVESTED CAPITAL (ROIC)
6.67%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
4.25%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
-0.48%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
-3.82%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
-2.04%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
0.56%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
+56.80%
CURRENT VS 3Y AVG
+1488.96%
CURRENT VS 5Y AVG
+274.62%
CURRENT VS 10Y AVG
+426.77%
CURRENT VS 15Y AVG
+1091.59%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · TECHNOLOGY
7.63%
median of 226 covered companies
CURRENT VS SECTOR MEDIAN
-12.57%
vs the sector median at left
Guidewire Software, Inc.
Market Cap
$12.67B
Return on Invested Capital (ROIC)
6.67%
TTM Avg
4.25%
3Y Avg
-0.48%
5Y Avg
-3.82%
Market Cap
$12.59B
Return on Invested Capital (ROIC)
10.06%
TTM Avg
11.79%
3Y Avg
12.68%
5Y Avg
12.05%
Market Cap
$12.79B
Return on Invested Capital (ROIC)
4.30%
TTM Avg
6.39%
3Y Avg
9.12%
5Y Avg
12.52%
Market Cap
$12.87B
Return on Invested Capital (ROIC)
20.64%
TTM Avg
17.70%
3Y Avg
14.37%
5Y Avg
11.89%
Market Cap
$12.37B
Return on Invested Capital (ROIC)
23.78%
TTM Avg
20.59%
3Y Avg
21.97%
5Y Avg
19.23%
Market Cap
$12.28B
Return on Invested Capital (ROIC)
8.27%
TTM Avg
8.82%
3Y Avg
10.44%
5Y Avg
9.59%
Market Cap
$12.24B
Return on Invested Capital (ROIC)
2.70%
TTM Avg
0.52%
3Y Avg
-5.02%
5Y Avg
-10.45%
Market Cap
$12.19B
Return on Invested Capital (ROIC)
8.56%
TTM Avg
5.01%
3Y Avg
6.78%
5Y Avg
7.91%
Market Cap
$13.16B
Return on Invested Capital (ROIC)
11.20%
TTM Avg
10.63%
3Y Avg
8.92%
5Y Avg
10.45%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Guidewire Software, Inc. (GWRE) | $12.67B | 6.67% | 4.25% | -0.48% | -3.82% |
| Nova Ltd. (NVMI)vs › | $12.59B | 10.06% | 11.79% | 12.68% | 12.05% |
| Skyworks Solutions, Inc. (SWKS)vs › | $12.79B | 4.30% | 6.39% | 9.12% | 12.52% |
| GoDaddy Inc. (GDDY)vs › | $12.87B | 20.64% | 17.70% | 14.37% | 11.89% |
| Gartner, Inc. (IT)vs › | $12.37B | 23.78% | 20.59% | 21.97% | 19.23% |
| Sanmina Corporation (SANM)vs › | $12.28B | 8.27% | 8.82% | 10.44% | 9.59% |
| Grab Holdings Limited (GRAB)vs › | $12.24B | 2.70% | 0.52% | -5.02% | -10.45% |
| Advanced Energy Industries, Inc. (AEIS)vs › | $12.19B | 8.56% | 5.01% | 6.78% | 7.91% |
| Gen Digital Inc. (GEN)vs › | $13.16B | 11.20% | 10.63% | 8.92% | 10.45% |
| DocuSign, Inc. (DOCU)vs › | $13.18B | 15.17% | 10.65% | 4.36% | -0.27% |
ROIC
6.7%
ROE
11.7%
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) |
|---|---|
| 2026-07-31 | 6.67% |
| 2026-04-30 | 5.77% |
| 2026-01-31 | 4.09% |
| 2025-10-31 | 2.86% |
| 2025-07-31 | 1.88% |
| 2025-04-30 | 1.05% |
| 2025-01-31 | 0.03% |
| 2024-10-31 | -1.04% |
| 2024-07-31 | -2.94% |
| 2024-04-30 | -3.28% |
| 2024-01-31 | -5.74% |
| 2023-10-31 | -6.56% |
| 2023-07-31 | -9.03% |
| 2023-04-30 | -11.44% |
| 2023-01-31 | -11.13% |
| 2022-10-31 | -12.30% |
| 2022-07-31 | -10.34% |
| 2022-04-30 | -8.71% |
| 2022-01-31 | -7.77% |
| 2021-10-31 | -7.06% |
| 2021-07-31 | -5.22% |
| 2021-04-30 | -3.00% |
| 2021-01-31 | -1.88% |
| 2020-10-31 | -1.43% |
| 2020-07-31 | -1.12% |
| 2020-04-30 | -2.32% |
| 2020-01-31 | -1.83% |
| 2019-10-31 | -1.22% |
| 2019-07-31 | 0.04% |
| 2019-04-30 | 1.87% |
| 2019-01-31 | 1.17% |
| 2018-10-31 | 0.80% |
| 2018-07-31 | -0.23% |
| 2018-04-30 | -1.31% |
| 2018-01-31 | 0.16% |
| 2017-10-31 | 1.20% |
| 2017-07-31 | 1.85% |
| 2017-04-30 | 0.81% |
| 2017-01-31 | 0.78% |
| 2016-10-31 | 0.69% |
| 2016-07-31 | 1.49% |
| 2016-04-30 | 1.21% |
| 2016-01-31 | 1.17% |
| 2015-10-31 | 1.44% |
| 2015-07-31 | 1.40% |
| 2015-04-30 | 2.08% |
| 2015-01-31 | 2.14% |
| 2014-10-31 | 2.33% |
| 2014-07-31 | 1.58% |
| 2014-04-30 | 0.72% |
| 2014-01-31 | 0.58% |
| 2013-10-31 | 0.68% |
| 2013-07-31 | 6.34% |
| 2013-04-30 | 2.72% |
| 2013-01-31 | 5.71% |
| 2012-10-31 | 5.36% |
| 2012-07-31 | 8.10% |
| 2012-04-30 | 6.85% |
| 2012-01-31 | 7.55% |
| 2011-10-31 | 30.76% |
| 2011-07-31 | 15.53% |
| 2011-04-30 | 57.56% |