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 6.18% is 34% above its 5-year average of 4.60%, near the high end of its 5-year range (2.94%–6.18%).
As of the fiscal period ended Friday, July 31, 2026. 49.19% above its 12-month average of 4.14%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
6.18%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
4.14%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
4.46%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
4.60%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
4.51%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
+49.19%
CURRENT VS 3Y AVG
+38.51%
CURRENT VS 5Y AVG
+34.18%
CURRENT VS 10Y AVG
+36.93%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · TECHNOLOGY
8.17%
median of 193 covered companies
CURRENT VS SECTOR MEDIAN
-24.39%
vs the sector median at left
Hewlett Packard Enterprise Company
Market Cap
$74.21B
Return on Invested Capital (ROIC)
6.18%
TTM Avg
4.14%
3Y Avg
4.46%
5Y Avg
4.60%
Market Cap
$74.83B
Return on Invested Capital (ROIC)
0.23%
TTM Avg
0.17%
3Y Avg
-0.80%
5Y Avg
-0.85%
Market Cap
$75.07B
Return on Invested Capital (ROIC)
1.74%
TTM Avg
7.06%
3Y Avg
11.34%
5Y Avg
11.10%
Market Cap
$76.13B
Return on Invested Capital (ROIC)
8.17%
TTM Avg
1.58%
3Y Avg
-2.18%
5Y Avg
0.95%
Market Cap
$76.85B
Return on Invested Capital (ROIC)
16.59%
TTM Avg
18.95%
3Y Avg
19.16%
5Y Avg
18.05%
Market Cap
$78.24B
Return on Invested Capital (ROIC)
13.29%
TTM Avg
13.77%
3Y Avg
18.23%
5Y Avg
18.78%
Market Cap
$87.24B
Return on Invested Capital (ROIC)
16.02%
TTM Avg
15.42%
3Y Avg
13.33%
5Y Avg
12.92%
Market Cap
$87.49B
Return on Invested Capital (ROIC)
7.20%
TTM Avg
5.97%
3Y Avg
7.71%
5Y Avg
7.86%
Market Cap
$59.86B
Return on Invested Capital (ROIC)
18.22%
TTM Avg
15.76%
3Y Avg
18.62%
5Y Avg
17.70%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Hewlett Packard Enterprise Company (HPE) | $74.21B | 6.18% | 4.14% | 4.46% | 4.60% |
| Datadog, Inc. (DDOG)vs › | $74.83B | 0.23% | 0.17% | -0.80% | -0.85% |
| Synopsys, Inc. (SNPS)vs › | $75.07B | 1.74% | 7.06% | 11.34% | 11.10% |
| Lumentum Holdings Inc. (LITE)vs › | $76.13B | 8.17% | 1.58% | -2.18% | 0.95% |
| Motorola Solutions, Inc. (MSI)vs › | $76.85B | 16.59% | 18.95% | 19.16% | 18.05% |
| Cadence Design Systems, Inc. (CDNS)vs › | $78.24B | 13.29% | 13.77% | 18.23% | 18.78% |
| Intuit Inc. (INTU)vs › | $87.24B | 16.02% | 15.42% | 13.33% | 12.92% |
| ASE Technology Holding Co., Ltd. (ASX)vs › | $87.49B | 7.20% | 5.97% | 7.71% | 7.86% |
| Monolithic Power Systems, Inc. (MPWR)vs › | $59.86B | 18.22% | 15.76% | 18.62% | 17.70% |
| TE Connectivity plc (TEL)vs › | $59.45B | 13.59% | 11.73% | 12.72% | 13.02% |
ROIC
6.2%
ROE
10.4%
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 | 6.18% |
| 2026-04-30 | 4.62% |
| 2026-01-31 | 3.75% |
| 2025-10-31 | 2.94% |
| 2025-07-31 | 3.22% |
| 2025-04-30 | 3.70% |
| 2025-01-31 | 4.12% |
| 2024-10-31 | 4.25% |
| 2024-07-31 | 4.73% |
| 2024-04-30 | 4.93% |
| 2024-01-31 | 5.19% |
| 2023-10-31 | 5.46% |
| 2023-07-31 | 4.89% |
| 2023-04-30 | 4.75% |
| 2023-01-31 | 4.53% |
| 2022-10-31 | 5.00% |
| 2022-07-31 | 4.35% |
| 2022-04-30 | 4.54% |
| 2022-01-31 | 4.85% |
| 2021-10-31 | 5.17% |
| 2021-07-31 | 5.44% |
| 2021-04-30 | 5.16% |
| 2021-01-31 | 4.42% |
| 2020-10-31 | 3.98% |
| 2020-07-31 | 2.09% |
| 2020-04-30 | 4.72% |
| 2020-01-31 | 5.37% |
| 2019-10-31 | 4.09% |
| 2019-07-31 | 3.50% |
| 2019-04-30 | 3.37% |
| 2019-01-31 | 3.47% |
| 2018-10-31 | 5.89% |
| 2018-07-31 | 5.71% |
| 2018-04-30 | 5.11% |
| 2018-01-31 | 4.66% |
| 2017-10-31 | 5.39% |
| 2017-07-31 | 3.10% |
| 2017-04-30 | 4.20% |
| 2017-01-31 | 4.70% |
| 2016-10-31 | 3.93% |
| 2016-07-31 | 3.10% |
| 2016-04-30 | 2.05% |
| 2016-01-31 | 2.03% |
| 2015-10-31 | 2.55% |
| 2015-07-31 | 3.28% |
| 2015-04-30 | 3.56% |
| 2014-10-31 | 4.29% |
