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 6.89% is 23% above its 5-year average of 5.61%, around the middle of its 5-year range (-4.22%–12.03%).
As of the fiscal period ended Friday, July 3, 2026. 18.58% above its 12-month average of 5.81%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-07-03): 6.89%.
RETURN ON INVESTED CAPITAL (ROIC)
6.89%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
5.81%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
5.59%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
5.61%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
0.61%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
-0.12%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
0.78%
CURRENT VS TTM AVG
+18.58%
CURRENT VS 3Y AVG
+23.17%
CURRENT VS 5Y AVG
+22.71%
CURRENT VS 10Y AVG
+1037.59%
CURRENT VS 15Y AVG
+5704.12%
CURRENT VS 20Y AVG
+784.38%
SECTOR MEDIAN · TECHNOLOGY
0.71%
median of 600 covered companies
CURRENT VS SECTOR MEDIAN
+863.02%
vs the sector median at left
Harmonic Inc.
Market Cap
$1.22B
Return on Invested Capital (ROIC)
6.89%
TTM Avg
5.81%
3Y Avg
5.59%
5Y Avg
5.61%
Market Cap
$1.24B
Return on Invested Capital (ROIC)
6.97%
TTM Avg
6.39%
3Y Avg
6.67%
5Y Avg
6.64%
Market Cap
$1.26B
Return on Invested Capital (ROIC)
10.72%
TTM Avg
-1.62%
3Y Avg
-14.84%
5Y Avg
-1.23%
Market Cap
$1.30B
Return on Invested Capital (ROIC)
-2.57%
TTM Avg
-29.84%
3Y Avg
-29.84%
5Y Avg
-29.84%
Market Cap
$1.32B
Return on Invested Capital (ROIC)
2.22%
TTM Avg
0.59%
3Y Avg
-1.70%
5Y Avg
-0.63%
Market Cap
$1.11B
Return on Invested Capital (ROIC)
-30.00%
TTM Avg
-69.53%
3Y Avg
-59.66%
5Y Avg
-48.38%
Market Cap
$1.11B
Return on Invested Capital (ROIC)
13.20%
TTM Avg
9.07%
3Y Avg
5.36%
5Y Avg
0.93%
Market Cap
$1.34B
Return on Invested Capital (ROIC)
20.85%
TTM Avg
14.89%
3Y Avg
11.70%
5Y Avg
22.19%
Market Cap
$1.35B
Return on Invested Capital (ROIC)
-13.70%
TTM Avg
-130.68%
3Y Avg
-74.86%
5Y Avg
-55.72%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Harmonic Inc. (HLIT) | $1.22B | 6.89% | 5.81% | 5.59% | 5.61% |
| ScanSource, Inc. (SCSC)vs › | $1.24B | 6.97% | 6.39% | 6.67% | 6.64% |
| Digital Turbine, Inc. (APPS)vs › | $1.26B | 10.72% | -1.62% | -14.84% | -1.23% |
| Boost Run Inc. Class A Common Stock (BRUN)vs › | $1.30B | -2.57% | -29.84% | -29.84% | -29.84% |
| Radware Ltd. (RDWR)vs › | $1.32B | 2.22% | 0.59% | -1.70% | -0.63% |
| Arteris, Inc. (AIP)vs › | $1.11B | -30.00% | -69.53% | -59.66% | -48.38% |
| Red Violet, Inc. (RDVT)vs › | $1.11B | 13.20% | 9.07% | 5.36% | 0.93% |
| Cricut, Inc. (CRCT)vs › | $1.34B | 20.85% | 14.89% | 11.70% | 22.19% |
| Quantum Corporation (QMCO)vs › | $1.35B | -13.70% | -130.68% | -74.86% | -55.72% |
| ZoomInfo Technologies Inc. (GTM)vs › | $1.08B | -8.52% | 2.02% | 1.95% | 1.89% |
ROIC
6.9%
ROE
-13.1%
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 | 6.89% |
| 2026-04-03 | 4.60% |
| 2025-12-31 | 3.21% |
| 2025-09-26 | 8.53% |
| 2025-06-27 | 12.03% |
| 2025-03-28 | 9.30% |
| 2024-12-31 | 6.72% |
| 2024-09-27 | 3.29% |
| 2024-06-28 | -4.22% |
| 2024-03-29 | 0.25% |
| 2023-12-31 | 3.60% |
| 2023-09-29 | 3.08% |
| 2023-06-30 | 5.17% |
| 2023-03-31 | 6.82% |
| 2022-12-31 | 5.69% |
| 2022-09-30 | 8.53% |
| 2022-07-01 | 7.35% |
| 2022-04-01 | 4.92% |
| 2021-12-31 | 3.68% |
| 2021-10-01 | 2.96% |
| 2021-07-02 | 1.57% |
| 2021-04-02 | 0.38% |
| 2020-12-31 | -2.73% |
| 2020-09-25 | -5.20% |
| 2020-06-26 | 0.39% |
| 2020-03-27 | 0.80% |
| 2019-12-31 | 2.94% |
| 2019-09-27 | 3.20% |
| 2019-06-28 | -3.21% |
| 2019-03-29 | -1.06% |
| 2018-12-31 | -1.31% |
| 2018-09-28 | -5.42% |
| 2018-06-29 | -8.40% |
| 2018-03-30 | -15.48% |
| 2017-12-31 | -18.97% |
| 2017-09-29 | -21.18% |
| 2017-06-30 | -20.75% |
| 2017-03-31 | -17.03% |
| 2016-12-31 | -16.10% |
| 2016-09-30 | -13.33% |
| 2016-07-01 | -11.78% |
| 2016-04-01 | -7.37% |
| 2015-12-31 | -2.94% |
| 2015-10-02 | -2.32% |
| 2015-07-03 | -1.54% |
| 2015-04-03 | -3.67% |
| 2014-12-31 | -5.52% |
| 2014-09-26 | -5.08% |
| 2014-06-27 | -4.46% |
| 2014-03-28 | -3.14% |
| 2013-12-31 | -4.43% |
| 2013-09-27 | -3.65% |
| 2013-06-28 | -3.33% |
| 2013-03-29 | -2.51% |
| 2012-12-31 | -1.51% |
| 2012-09-28 | -0.87% |
| 2012-06-29 | -0.05% |
| 2012-03-30 | 0.28% |
| 2011-12-31 | 1.43% |
| 2011-09-30 | 0.19% |
| 2011-07-01 | -0.02% |
| 2011-04-01 | 0.23% |
| 2010-12-31 | 0.48% |
| 2010-10-01 | 1.53% |
| 2010-07-02 | 1.92% |
| 2010-04-02 | 0.14% |
| 2009-12-31 | -2.60% |
| 2009-10-02 | -1.79% |
| 2009-07-03 | 0.43% |
| 2009-04-03 | 3.77% |
| 2008-12-31 | 8.38% |
| 2008-09-26 | 8.05% |
| 2008-06-27 | 8.45% |
| 2008-03-28 | 7.41% |
| 2007-12-31 | 4.84% |
| 2007-09-28 | 8.10% |
| 2007-06-29 | 6.10% |
| 2007-03-30 | 1.28% |
| 2006-12-31 | -1.38% |
| 2006-09-29 | -6.45% |
| 2006-06-30 | -11.12% |
| 2006-03-31 | -10.12% |
| 2005-12-31 | -4.92% |
| 2005-09-30 | 3.28% |
| 2005-07-01 | 2.54% |
| 2005-04-01 | 3.33% |
| 2004-12-31 | 0.72% |
| 2004-10-01 | -5.77% |
| 2004-07-02 | -8.07% |
| 2004-04-02 | -15.52% |
| 2003-12-31 | 2.62% |
| 2003-09-26 | -15.97% |
| 2003-06-27 | 59.12% |
