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 4.80% is in line with its 5-year average of 5.31%, near the low end of its 5-year range (1.86%–15.86%).
As of the fiscal period ended Tuesday, June 30, 2026. 20.86% below its 12-month average of 6.06%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 4.80%.
RETURN ON INVESTED CAPITAL (ROIC)
4.80%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
6.06%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
6.35%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
5.31%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
11.87%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
11.86%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
12.08%
CURRENT VS TTM AVG
-20.86%
CURRENT VS 3Y AVG
-24.47%
CURRENT VS 5Y AVG
-9.70%
CURRENT VS 10Y AVG
-59.56%
CURRENT VS 15Y AVG
-59.55%
CURRENT VS 20Y AVG
-60.28%
SECTOR MEDIAN · HEALTHCARE
8.29%
median of 100 covered companies
CURRENT VS SECTOR MEDIAN
-42.09%
vs the sector median at left
ICON Public Limited Company
Market Cap
$12.41B
Return on Invested Capital (ROIC)
4.80%
TTM Avg
6.06%
3Y Avg
6.35%
5Y Avg
5.31%
Market Cap
$12.51B
Return on Invested Capital (ROIC)
8.48%
TTM Avg
7.10%
3Y Avg
4.92%
5Y Avg
2.27%
Market Cap
$12.14B
Return on Invested Capital (ROIC)
-1.61%
TTM Avg
-0.86%
3Y Avg
-2.74%
5Y Avg
0.22%
Market Cap
$11.88B
Return on Invested Capital (ROIC)
13.42%
TTM Avg
12.59%
3Y Avg
14.85%
5Y Avg
11.33%
Market Cap
$11.47B
Return on Invested Capital (ROIC)
11.18%
TTM Avg
11.30%
3Y Avg
9.75%
5Y Avg
9.57%
Market Cap
$13.43B
Return on Invested Capital (ROIC)
-14.34%
TTM Avg
-61.05%
3Y Avg
-59.83%
5Y Avg
-54.60%
Market Cap
$11.34B
Return on Invested Capital (ROIC)
7.86%
TTM Avg
5.36%
3Y Avg
7.03%
5Y Avg
8.47%
Market Cap
$11.10B
Return on Invested Capital (ROIC)
4.76%
TTM Avg
4.09%
3Y Avg
3.90%
5Y Avg
4.30%
Market Cap
$13.98B
Return on Invested Capital (ROIC)
7.72%
TTM Avg
5.13%
3Y Avg
6.33%
5Y Avg
6.84%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| ICON Public Limited Company (ICLR) | $12.41B | 4.80% | 6.06% | 6.35% | 5.31% |
| Penumbra, Inc. (PEN)vs › | $12.51B | 8.48% | 7.10% | 4.92% | 2.27% |
| Baxter International Inc. (BAX)vs › | $12.14B | -1.61% | -0.86% | -2.74% | 0.22% |
| Encompass Health Corporation (EHC)vs › | $11.88B | 13.42% | 12.59% | 14.85% | 11.33% |
| DaVita Inc. (DVA)vs › | $11.47B | 11.18% | 11.30% | 9.75% | 9.57% |
| Tempus AI, Inc. (TEM)vs › | $13.43B | -14.34% | -61.05% | -59.83% | -54.60% |
| Bio-Techne Corporation (TECH)vs › | $11.34B | 7.86% | 5.36% | 7.03% | 8.47% |
| The Cooper Companies, Inc. (COO)vs › | $11.10B | 4.76% | 4.09% | 3.90% | 4.30% |
| Charles River Laboratories International, Inc. (CRL)vs › | $13.98B | 7.72% | 5.13% | 6.33% | 6.84% |
| Universal Health Services, Inc. (UHS)vs › | $10.64B | 11.74% | 10.95% | 8.97% | 9.05% |
ROIC
4.8%
ROE
3.5%
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 | 4.80% |
| 2026-03-31 | 5.63% |
| 2025-12-31 | 6.06% |
| 2025-09-30 | 6.85% |
| 2025-06-30 | 6.98% |
| 2025-03-31 | 6.73% |
| 2024-12-31 | 7.08% |
| 2024-09-30 | 6.85% |
| 2024-06-30 | 6.95% |
| 2024-03-31 | 6.96% |
| 2023-12-31 | 6.57% |
| 2023-09-30 | 5.67% |
| 2023-06-30 | 5.45% |
| 2023-03-31 | 5.18% |
| 2022-12-31 | 4.89% |
| 2022-09-30 | 4.49% |
| 2022-06-30 | 2.88% |
| 2022-03-31 | 2.40% |
| 2021-12-31 | 1.99% |
| 2021-09-30 | 1.86% |
| 2021-06-30 | 15.86% |
| 2021-03-31 | 14.59% |
| 2020-12-31 | 14.81% |
| 2020-09-30 | 15.63% |
| 2020-06-30 | 16.78% |
| 2020-03-31 | 19.44% |
| 2019-12-31 | 17.95% |
| 2019-09-30 | 18.33% |
| 2019-06-30 | 17.86% |
| 2019-03-31 | 17.91% |
| 2018-12-31 | 18.95% |
| 2018-09-30 | 18.22% |
| 2018-06-30 | 18.71% |
| 2018-03-31 | 18.69% |
| 2017-12-31 | 17.92% |
| 2017-09-30 | 19.28% |
| 2017-06-30 | 20.04% |
| 2017-03-31 | 20.93% |
| 2016-12-31 | 20.45% |
| 2016-09-30 | 18.06% |
| 2016-06-30 | 19.82% |
| 2016-03-31 | 20.44% |
| 2015-12-31 | 21.08% |
| 2015-09-30 | 17.68% |
| 2015-06-30 | 18.65% |
| 2015-03-31 | 18.00% |
| 2014-12-31 | 17.40% |
| 2014-09-30 | 15.49% |
| 2014-06-30 | 13.51% |
| 2014-03-31 | 12.18% |
| 2013-12-31 | 10.95% |
| 2013-09-30 | 10.22% |
| 2013-06-30 | 9.64% |
| 2013-03-31 | 8.70% |
| 2012-12-31 | 7.57% |
| 2012-09-30 | 5.76% |
| 2012-06-30 | 4.03% |
| 2012-03-31 | 4.10% |
| 2011-12-31 | 4.38% |
| 2011-09-30 | 7.65% |
| 2011-06-30 | 9.67% |
| 2011-03-31 | 11.30% |
| 2010-12-31 | 12.37% |
| 2010-09-30 | 12.92% |
| 2010-06-30 | 14.78% |
| 2010-03-31 | 14.26% |
| 2009-12-31 | 14.42% |
| 2009-09-30 | 14.25% |
| 2009-06-30 | 13.77% |
| 2009-03-31 | 13.80% |
| 2008-12-31 | 13.37% |
| 2008-09-30 | -36.66% |
| 2008-06-30 | -36.22% |
| 2008-03-31 | -37.39% |
| 2007-12-31 | -43.37% |
| 2007-09-30 | 11.22% |
| 2007-06-30 | 12.23% |
| 2007-03-31 | 12.21% |
| 2006-12-31 | 11.45% |
| 2005-11-30 | 4.97% |
| 2005-08-31 | 0.41% |
| 2005-05-31 | 0.61% |
| 2005-02-28 | 1.07% |
| 2004-11-30 | 4.26% |
| 2004-08-31 | 11.59% |
| 2004-05-31 | 11.55% |
| 2004-02-29 | 11.29% |
| 2003-11-30 | 10.01% |
| 2003-08-31 | 10.49% |
| 2003-05-31 | 12.39% |
