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 6.33% is 229% above its 5-year average of -4.92%, near the high end of its 5-year range (-18.01%–6.88%).
As of the fiscal period ended Tuesday, June 30, 2026. 11.02% above its 12-month average of 5.70%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 6.33%.
RETURN ON INVESTED CAPITAL (ROIC)
6.33%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
5.70%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
0.70%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
-4.92%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
+11.02%
CURRENT VS 3Y AVG
+806.88%
CURRENT VS 5Y AVG
+228.60%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · HEALTHCARE
8.29%
median of 102 covered companies
CURRENT VS SECTOR MEDIAN
-23.58%
vs the sector median at left
Inspire Medical Systems, Inc.
Market Cap
$2.02B
Return on Invested Capital (ROIC)
6.33%
TTM Avg
5.70%
3Y Avg
0.70%
5Y Avg
-4.92%
Market Cap
$1.90B
Return on Invested Capital (ROIC)
0.62%
TTM Avg
-3.84%
3Y Avg
-0.68%
5Y Avg
-0.08%
Market Cap
$2.16B
Return on Invested Capital (ROIC)
-49.78%
TTM Avg
-43.13%
3Y Avg
-47.40%
5Y Avg
-42.10%
Market Cap
$1.74B
Return on Invested Capital (ROIC)
10.03%
TTM Avg
-6.49%
3Y Avg
-7.14%
5Y Avg
-3.83%
Market Cap
$1.71B
Return on Invested Capital (ROIC)
-54.45%
TTM Avg
-54.60%
3Y Avg
-46.39%
5Y Avg
-38.46%
Market Cap
$2.52B
Return on Invested Capital (ROIC)
-28.96%
TTM Avg
-36.25%
3Y Avg
-29.21%
5Y Avg
-30.95%
Market Cap
$2.76B
Return on Invested Capital (ROIC)
5.87%
TTM Avg
7.96%
3Y Avg
-0.22%
5Y Avg
-9.17%
Market Cap
$1.00B
Return on Invested Capital (ROIC)
-7.32%
TTM Avg
-21.18%
3Y Avg
-91.27%
5Y Avg
-61.58%
Market Cap
$474.59M
Return on Invested Capital (ROIC)
-5.29%
TTM Avg
-5.58%
3Y Avg
-6.88%
5Y Avg
-5.95%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Inspire Medical Systems, Inc. (INSP) | $2.02B | 6.33% | 5.70% | 0.70% | -4.92% |
| Fortrea Holdings Inc. (FTRE)vs › | $1.90B | 0.62% | -3.84% | -0.68% | -0.08% |
| Recursion Pharmaceuticals, Inc. (RXRX)vs › | $2.16B | -49.78% | -43.13% | -47.40% | -42.10% |
| DENTSPLY SIRONA Inc. (XRAY)vs › | $1.74B | 10.03% | -6.49% | -7.14% | -3.83% |
| Intellia Therapeutics, Inc. (NTLA)vs › | $1.71B | -54.45% | -54.60% | -46.39% | -38.46% |
| Beam Therapeutics Inc. (BEAM)vs › | $2.52B | -28.96% | -36.25% | -29.21% | -30.95% |
| TransMedics Group, Inc. (TMDX)vs › | $2.76B | 5.87% | 7.96% | -0.22% | -9.17% |
| Teladoc Health, Inc. (TDOC)vs › | $1.00B | -7.32% | -21.18% | -91.27% | -61.58% |
| NeoGenomics, Inc. (NEO)vs › | $474.59M | -5.29% | -5.58% | -6.88% | -5.95% |
| NRC Health (NRC)vs › | $458.62M | 8.75% | 20.32% | 26.86% | 29.17% |
ROIC
6.3%
ROE
16.4%
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) |
|---|---|
| 2026-06-30 | 6.33% |
| 2026-03-31 | 6.24% |
| 2025-12-31 | 6.18% |
| 2025-09-30 | 4.50% |
| 2025-06-30 | 5.26% |
| 2025-03-31 | 6.88% |
| 2024-12-31 | 4.59% |
| 2024-09-30 | 1.67% |
| 2024-06-30 | -1.52% |
| 2024-03-31 | -5.86% |
| 2023-12-31 | -6.73% |
| 2023-09-30 | -8.76% |
| 2023-06-30 | -9.70% |
| 2023-03-31 | -9.97% |
| 2022-12-31 | -9.45% |
| 2022-09-30 | -10.26% |
| 2022-06-30 | -16.19% |
| 2022-03-31 | -15.50% |
| 2021-12-31 | -15.15% |
| 2021-09-30 | -17.93% |
| 2021-06-30 | -18.01% |
| 2021-03-31 | -21.83% |
| 2020-12-31 | -21.58% |
| 2020-09-30 | -23.05% |
| 2020-06-30 | -22.15% |
| 2020-03-31 | -28.00% |
| 2019-12-31 | -21.23% |
| 2019-09-30 | -17.89% |
| 2019-06-30 | -14.98% |
| 2019-03-31 | -13.18% |
| 2018-12-31 | -10.79% |
| 2018-09-30 | -15.70% |
| 2018-06-30 | -14.40% |
| 2018-03-31 | -82.83% |
| 2017-12-31 | -89.18% |
