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 8.16% is 362% above its 5-year average of -3.11%, near the high end of its 5-year range (-14.96%–8.16%).
As of the fiscal period ended Tuesday, June 30, 2026. 48.32% above its 12-month average of 5.50%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 8.16%.
RETURN ON INVESTED CAPITAL (ROIC)
8.16%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
5.50%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
-3.62%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
-3.11%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
-1.64%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
-1.18%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
-1.73%
CURRENT VS TTM AVG
+48.32%
CURRENT VS 3Y AVG
+325.73%
CURRENT VS 5Y AVG
+362.05%
CURRENT VS 10Y AVG
+598.32%
CURRENT VS 15Y AVG
+789.28%
CURRENT VS 20Y AVG
+572.09%
SECTOR MEDIAN · HEALTHCARE
-31.62%
median of 547 covered companies
CURRENT VS SECTOR MEDIAN
+125.81%
vs the sector median at left
ImmuCell Corporation
Market Cap
$88.21M
Return on Invested Capital (ROIC)
8.16%
TTM Avg
5.50%
3Y Avg
-3.62%
5Y Avg
-3.11%
Market Cap
$87.75M
Return on Invested Capital (ROIC)
12.79%
TTM Avg
17.38%
3Y Avg
-11.40%
5Y Avg
-8.36%
Market Cap
$87.48M
Return on Invested Capital (ROIC)
-159.30%
TTM Avg
-82.85%
3Y Avg
-66.58%
5Y Avg
-50.22%
Market Cap
$86.43M
Return on Invested Capital (ROIC)
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$90.41M
Return on Invested Capital (ROIC)
-34.10%
TTM Avg
-61.58%
3Y Avg
-76.39%
5Y Avg
-65.18%
Market Cap
$85.90M
Return on Invested Capital (ROIC)
-109.43%
TTM Avg
-208.02%
3Y Avg
-178.83%
5Y Avg
-203.50%
Market Cap
$84.75M
Return on Invested Capital (ROIC)
-88.28%
TTM Avg
-61.59%
3Y Avg
-48.92%
5Y Avg
-67.61%
Market Cap
$84.87M
Return on Invested Capital (ROIC)
-90.27%
TTM Avg
-103.33%
3Y Avg
-85.38%
5Y Avg
-72.83%
Market Cap
$84.52M
Return on Invested Capital (ROIC)
-100.35%
TTM Avg
-639.99%
3Y Avg
-358.78%
5Y Avg
-266.51%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| ImmuCell Corporation (ICCC) | $88.21M | 8.16% | 5.50% | -3.62% | -3.11% |
| CareCloud, Inc. (CCLD)vs › | $87.75M | 12.79% | 17.38% | -11.40% | -8.36% |
| Cardiff Oncology, Inc. (CRDF)vs › | $87.48M | -159.30% | -82.85% | -66.58% | -50.22% |
| Conexeu Sciences Inc. (CNXU)vs › | $86.43M | N/A | N/A | N/A | N/A |
| Equillium, Inc. (EQ)vs › | $90.41M | -34.10% | -61.58% | -76.39% | -65.18% |
| Cognition Therapeutics, Inc. (CGTX)vs › | $85.90M | -109.43% | -208.02% | -178.83% | -203.50% |
| Acrivon Therapeutics, Inc. Common Stock (ACRV)vs › | $84.75M | -88.28% | -61.59% | -48.92% | -67.61% |
| Humacyte, Inc. (HUMA)vs › | $84.87M | -90.27% | -103.33% | -85.38% | -72.83% |
| Atara Biotherapeutics, Inc. (ATRA)vs › | $84.52M | -100.35% | -639.99% | -358.78% | -266.51% |
| electroCore, Inc. (ECOR)vs › | $92.14M | -217.73% | -143.58% | -163.00% | -133.51% |
ROIC
8.2%
ROE
2.5%
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 | 8.16% |
| 2026-03-31 | 5.98% |
| 2025-12-31 | 4.11% |
| 2025-09-30 | 5.33% |
| 2025-06-30 | 3.93% |
| 2025-03-31 | -0.51% |
| 2024-12-31 | -3.89% |
| 2024-09-30 | -7.87% |
| 2024-06-30 | -9.99% |
| 2024-03-31 | -9.41% |
| 2023-12-31 | -14.00% |
| 2023-09-30 | -14.96% |
| 2023-06-30 | -13.87% |
| 2023-03-31 | -12.40% |
| 2022-12-31 | -5.37% |
| 2022-09-30 | -1.16% |
| 2022-06-30 | 0.68% |
| 2022-03-31 | 2.62% |
| 2021-12-31 | 0.60% |
| 2021-09-30 | -0.92% |
| 2021-06-30 | -2.46% |
| 2021-03-31 | -5.10% |
| 2020-12-31 | -3.54% |
| 2020-09-30 | -2.54% |
| 2020-06-30 | -2.97% |
| 2020-03-31 | -2.64% |
| 2019-12-31 | -2.55% |
| 2019-09-30 | -4.32% |
| 2019-06-30 | -3.52% |
| 2019-03-31 | -2.55% |
| 2018-12-31 | -4.59% |
| 2018-09-30 | -2.90% |
| 2018-06-30 | -3.97% |
| 2018-03-31 | -4.10% |
| 2017-12-31 | -0.74% |
| 2017-09-30 | 0.59% |
| 2017-06-30 | 2.14% |
| 2017-03-31 | 3.09% |
| 2016-12-31 | 2.62% |
| 2016-09-30 | 4.30% |
| 2016-06-30 | 5.85% |
| 2016-03-31 | 6.29% |
| 2015-12-31 | 8.97% |
| 2015-09-30 | 7.87% |
| 2015-06-30 | 6.83% |
| 2015-03-31 | 3.29% |
| 2014-12-31 | -2.02% |
| 2014-09-30 | -6.09% |
| 2014-06-30 | -8.05% |
| 2014-03-31 | -3.19% |
| 2013-12-31 | -0.11% |
| 2013-09-30 | 1.07% |
| 2013-06-30 | 1.43% |
| 2013-03-31 | 1.49% |
| 2012-12-31 | 1.28% |
| 2012-09-30 | 1.26% |
| 2012-06-30 | 0.70% |
| 2012-03-31 | -3.13% |
| 2011-12-31 | -6.01% |
| 2011-09-30 | -8.21% |
| 2011-06-30 | -9.65% |
| 2011-03-31 | -5.85% |
| 2010-12-31 | -6.73% |
| 2010-09-30 | -1.09% |
| 2010-06-30 | -2.70% |
| 2010-03-31 | -5.52% |
| 2009-12-31 | -5.48% |
| 2009-09-30 | -7.47% |
| 2009-06-30 | -12.79% |
| 2009-03-31 | -13.44% |
| 2008-12-31 | -12.11% |
| 2008-09-30 | -8.43% |
| 2008-06-30 | 1.48% |
| 2008-03-31 | 2.91% |
| 2007-12-31 | 5.02% |
| 2007-09-30 | 5.73% |
| 2007-06-30 | 3.96% |
| 2007-03-31 | 4.55% |
| 2006-12-31 | 4.85% |
| 2006-09-30 | 6.04% |
| 2006-06-30 | 5.85% |
| 2006-03-31 | 6.79% |
| 2005-12-31 | 6.70% |
| 2005-09-30 | 4.62% |
| 2005-06-30 | 3.50% |
| 2005-03-31 | 2.07% |
| 2004-12-31 | 1.12% |
| 2004-09-30 | -0.83% |
| 2004-06-30 | -1.46% |
| 2004-03-31 | -2.75% |
| 2003-12-31 | -3.17% |
| 2003-09-30 | 0.21% |
| 2003-06-30 | 0.99% |
