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 -6.79% is 89% above its 5-year average of -60.40%, near the high end of its 5-year range (-161.87%–1.00%).
As of the fiscal period ended Tuesday, June 30, 2026. 155.88% below its 12-month average of -2.65%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): -6.79%.
RETURN ON INVESTED CAPITAL (ROIC)
-6.79%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
-2.65%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
-31.77%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
-60.40%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
-78.30%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
-83.32%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
-97.45%
CURRENT VS TTM AVG
-155.88%
CURRENT VS 3Y AVG
+78.64%
CURRENT VS 5Y AVG
+88.77%
CURRENT VS 10Y AVG
+91.33%
CURRENT VS 15Y AVG
+91.86%
CURRENT VS 20Y AVG
+93.04%
SECTOR MEDIAN · HEALTHCARE
-35.66%
median of 837 covered companies
CURRENT VS SECTOR MEDIAN
+80.97%
vs the sector median at left
Heron Therapeutics, Inc.
Market Cap
$62.78M
Return on Invested Capital (ROIC)
-6.79%
TTM Avg
-2.65%
3Y Avg
-31.77%
5Y Avg
-60.40%
Market Cap
$62.62M
Return on Invested Capital (ROIC)
-139.74%
TTM Avg
-190.33%
3Y Avg
-1114.56%
5Y Avg
-840.48%
Market Cap
$63.02M
Return on Invested Capital (ROIC)
-4.72%
TTM Avg
-4.96%
3Y Avg
-2.45%
5Y Avg
-3.32%
Market Cap
$63.78M
Return on Invested Capital (ROIC)
-56.22%
TTM Avg
-67.31%
3Y Avg
-52.91%
5Y Avg
-45.67%
Market Cap
$64.18M
Return on Invested Capital (ROIC)
N/A
TTM Avg
-165.22%
3Y Avg
-160.52%
5Y Avg
-107.11%
Market Cap
$60.42M
Return on Invested Capital (ROIC)
-129.67%
TTM Avg
-97.71%
3Y Avg
-90.63%
5Y Avg
-82.49%
Market Cap
$60.02M
Return on Invested Capital (ROIC)
-1235.48%
TTM Avg
-801.38%
3Y Avg
-433.95%
5Y Avg
-312.84%
Market Cap
$65.85M
Return on Invested Capital (ROIC)
-37.01%
TTM Avg
-30.52%
3Y Avg
-23.08%
5Y Avg
-17.79%
Market Cap
$65.86M
Return on Invested Capital (ROIC)
-83.74%
TTM Avg
-153.15%
3Y Avg
-164.21%
5Y Avg
-165.99%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Heron Therapeutics, Inc. (HRTX) | $62.78M | -6.79% | -2.65% | -31.77% | -60.40% |
| RenovoRx, Inc. (RNXT)vs › | $62.62M | -139.74% | -190.33% | -1114.56% | -840.48% |
| InterCure Ltd. (INCR)vs › | $63.02M | -4.72% | -4.96% | -2.45% | -3.32% |
| Pliant Therapeutics, Inc. (PLRX)vs › | $63.78M | -56.22% | -67.31% | -52.91% | -45.67% |
| Alps Group Inc (ALPS)vs › | $64.18M | N/A | -165.22% | -160.52% | -107.11% |
| Fractyl Health, Inc. (GUTS)vs › | $60.42M | -129.67% | -97.71% | -90.63% | -82.49% |
| Oncolytics Biotech Inc. (ONCY)vs › | $60.02M | -1235.48% | -801.38% | -433.95% | -312.84% |
| XBiotech Inc. (XBIT)vs › | $65.85M | -37.01% | -30.52% | -23.08% | -17.79% |
| Cingulate Inc. (CING)vs › | $65.86M | -83.74% | -153.15% | -164.21% | -165.99% |
| Gossamer Bio, Inc. (GOSS)vs › | $65.87M | N/A | -86.10% | -83.22% | -74.34% |
ROIC
-6.8%
ROE
-492.9%
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 | -6.79% |
| 2026-03-31 | -6.72% |
| 2025-12-31 | -1.59% |
| 2025-09-30 | 1.00% |
| 2025-06-30 | 0.83% |
| 2025-03-31 | -2.43% |
| 2024-12-31 | -8.14% |
| 2024-09-30 | -19.17% |
| 2024-06-30 | -33.66% |
| 2024-03-31 | -57.79% |
| 2023-12-31 | -77.45% |
| 2023-09-30 | -80.79% |
| 2023-06-30 | -120.26% |
| 2023-03-31 | -101.27% |
| 2022-12-31 | -103.60% |
| 2022-09-30 | -116.71% |
| 2022-06-30 | -161.87% |
| 2022-03-31 | -126.51% |
| 2021-12-31 | -92.83% |
| 2021-09-30 | -80.54% |
| 2021-06-30 | -72.11% |
| 2021-03-31 | -104.58% |
| 2020-12-31 | -88.40% |
| 2020-09-30 | -75.64% |
| 2020-06-30 | -58.53% |
| 2020-03-31 | -51.20% |
| 2019-12-31 | -49.96% |
| 2019-09-30 | -66.81% |
| 2019-06-30 | -64.80% |
| 2019-03-31 | -56.12% |
| 2018-12-31 | -49.08% |
| 2018-09-30 | -47.31% |
| 2018-06-30 | -42.09% |
| 2018-03-31 | -162.88% |
| 2017-12-31 | -121.74% |
| 2017-09-30 | -261.87% |
| 2017-06-30 | -190.93% |
| 2017-03-31 | -120.38% |
| 2016-12-31 | -539.85% |
| 2016-09-30 | -219.75% |
| 2016-06-30 | -215.12% |
| 2016-03-31 | -115.58% |
| 2015-12-31 | -80.55% |
| 2015-09-30 | -59.38% |
| 2015-06-30 | -50.58% |
| 2015-03-31 | -155.98% |
| 2014-12-31 | -115.31% |
| 2014-09-30 | -83.56% |
| 2014-06-30 | -63.14% |
| 2014-03-31 | -104.34% |
| 2013-12-31 | -77.83% |
| 2013-09-30 | -226.35% |
| 2013-06-30 | -145.78% |
| 2013-03-31 | -75.74% |
| 2012-12-31 | -45.56% |
| 2012-09-30 | -33.59% |
| 2012-06-30 | -156.15% |
| 2012-03-31 | -124.78% |
| 2011-12-31 | -69.77% |
| 2011-09-30 | -45.06% |
| 2011-06-30 | -32.90% |
| 2011-03-31 | -4654.44% |
| 2010-12-31 | -735.31% |
| 2010-09-30 | -378.71% |
| 2010-06-30 | -235.10% |
| 2010-03-31 | -148.67% |
| 2009-12-31 | -144.99% |
| 2009-09-30 | -1891.47% |
| 2009-06-30 | -716.44% |
| 2009-03-31 | -329.07% |
| 2008-12-31 | -272.19% |
| 2008-09-30 | -221.81% |
| 2008-06-30 | -144.10% |
| 2008-03-31 | -101.85% |
| 2007-12-31 | -77.02% |
| 2007-09-30 | -56.69% |
| 2007-06-30 | -47.03% |
| 2007-03-31 | -285.22% |
| 2006-12-31 | -144.45% |
| 2006-09-30 | -90.21% |
| 2006-06-30 | -64.65% |
| 2006-03-31 | -45.12% |
| 2005-12-31 | -136.61% |
| 2005-09-30 | -93.26% |
| 2005-06-30 | -79.09% |
| 2005-03-31 | -62.18% |
| 2004-12-31 | -65.82% |
| 2004-09-30 | -52.04% |
| 2004-06-30 | -42.66% |
| 2004-03-31 | -83.63% |
| 2003-12-31 | -58.70% |
| 2003-09-30 | -44.22% |
| 2003-06-30 | -42.20% |
