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 -15.57% is 31% above its 5-year average of -22.72%, near the high end of its 5-year range (-49.80%–-5.33%).
As of the fiscal period ended Tuesday, June 30, 2026. 0.83% below its 12-month average of -15.44%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): -15.57%.
RETURN ON INVESTED CAPITAL (ROIC)
-15.57%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
-15.44%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
-27.22%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
-22.72%
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
-0.83%
CURRENT VS 3Y AVG
+42.80%
CURRENT VS 5Y AVG
+31.45%
CURRENT VS 10Y AVG
N/A
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
-290.59%
vs the sector median at left
IonQ, Inc.
Market Cap
$16.36B
Return on Invested Capital (ROIC)
-15.57%
TTM Avg
-15.44%
3Y Avg
-27.22%
5Y Avg
-22.72%
Market Cap
$16.37B
Return on Invested Capital (ROIC)
12.55%
TTM Avg
12.63%
3Y Avg
14.04%
5Y Avg
14.06%
Market Cap
$16.16B
Return on Invested Capital (ROIC)
17.18%
TTM Avg
11.75%
3Y Avg
9.97%
5Y Avg
9.61%
Market Cap
$16.64B
Return on Invested Capital (ROIC)
6.83%
TTM Avg
7.05%
3Y Avg
6.70%
5Y Avg
6.02%
Market Cap
$16.88B
Return on Invested Capital (ROIC)
20.94%
TTM Avg
7.34%
3Y Avg
-9.33%
5Y Avg
-14.66%
Market Cap
$16.89B
Return on Invested Capital (ROIC)
5.60%
TTM Avg
5.80%
3Y Avg
5.73%
5Y Avg
5.34%
Market Cap
$17.02B
Return on Invested Capital (ROIC)
4.62%
TTM Avg
3.75%
3Y Avg
3.37%
5Y Avg
2.72%
Market Cap
$17.21B
Return on Invested Capital (ROIC)
24.31%
TTM Avg
16.21%
3Y Avg
20.54%
5Y Avg
21.80%
Market Cap
$15.46B
Return on Invested Capital (ROIC)
3.03%
TTM Avg
4.61%
3Y Avg
5.60%
5Y Avg
6.80%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| IonQ, Inc. (IONQ) | $16.36B | -15.57% | -15.44% | -27.22% | -22.72% |
| CDW Corporation (CDW)vs › | $16.37B | 12.55% | 12.63% | 14.04% | 14.06% |
| PTC Inc. (PTC)vs › | $16.16B | 17.18% | 11.75% | 9.97% | 9.61% |
| Fortive Corporation (FTV)vs › | $16.64B | 6.83% | 7.05% | 6.70% | 6.02% |
| Toast, Inc. (TOST)vs › | $16.88B | 20.94% | 7.34% | -9.33% | -14.66% |
| Dynatrace, Inc. (DT)vs › | $16.89B | 5.60% | 5.80% | 5.73% | 5.34% |
| Fidelity National Information Services, Inc. (FIS)vs › | $17.02B | 4.62% | 3.75% | 3.37% | 2.72% |
| BE Semiconductor Industries N.V. (BESIY)vs › | $17.21B | 24.31% | 16.21% | 20.54% | 21.80% |
| Akamai Technologies, Inc. (AKAM)vs › | $15.46B | 3.03% | 4.61% | 5.60% | 6.80% |
| Leidos Holdings, Inc. (LDOS)vs › | $15.42B | 14.42% | 14.43% | 10.79% | 9.81% |
ROIC
-15.6%
ROE
-42.5%
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 | -15.57% |
| 2026-03-31 | -12.69% |
| 2025-12-31 | -9.88% |
| 2025-09-30 | -11.21% |
| 2025-06-30 | -27.87% |
| 2025-03-31 | -31.84% |
| 2024-12-31 | -49.22% |
| 2024-09-30 | -44.98% |
| 2024-06-30 | -40.78% |
| 2024-03-31 | -35.86% |
| 2023-12-31 | -30.55% |
| 2023-09-30 | -23.65% |
| 2023-06-30 | -19.82% |
| 2023-03-31 | -16.84% |
| 2022-12-31 | -14.84% |
| 2022-09-30 | -12.43% |
| 2022-06-30 | -9.72% |
| 2022-03-31 | -8.06% |
| 2021-12-31 | -6.12% |
| 2021-09-30 | -5.33% |
| 2021-06-30 | -49.80% |
| 2021-03-31 | -33.59% |
