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 0.25% is 89% below its 5-year average of 2.31%, around the middle of its 5-year range (-10.98%–9.89%).
As of the fiscal period ended Tuesday, June 30, 2026. 113.18% above its 12-month average of -1.92%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 0.25%.
RETURN ON INVESTED CAPITAL (ROIC)
0.25%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
-1.92%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
-1.19%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
2.31%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
7.29%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
10.98%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
11.52%
CURRENT VS TTM AVG
+113.18%
CURRENT VS 3Y AVG
+121.29%
CURRENT VS 5Y AVG
-89.05%
CURRENT VS 10Y AVG
-96.53%
CURRENT VS 15Y AVG
-97.70%
CURRENT VS 20Y AVG
-97.81%
SECTOR MEDIAN · TECHNOLOGY
0.80%
median of 591 covered companies
CURRENT VS SECTOR MEDIAN
-68.43%
vs the sector median at left
IPG Photonics Corporation
Market Cap
$3.56B
Return on Invested Capital (ROIC)
0.25%
TTM Avg
-1.92%
3Y Avg
-1.19%
5Y Avg
2.31%
Market Cap
$3.56B
Return on Invested Capital (ROIC)
4.62%
TTM Avg
-0.95%
3Y Avg
-6.22%
5Y Avg
-73.15%
Market Cap
$3.44B
Return on Invested Capital (ROIC)
4.44%
TTM Avg
4.63%
3Y Avg
4.42%
5Y Avg
1.99%
Market Cap
$3.45B
Return on Invested Capital (ROIC)
-2.95%
TTM Avg
-6.55%
3Y Avg
-0.42%
5Y Avg
2.89%
Market Cap
$3.41B
Return on Invested Capital (ROIC)
1.89%
TTM Avg
4.48%
3Y Avg
5.67%
5Y Avg
5.61%
Market Cap
$3.70B
Return on Invested Capital (ROIC)
9.60%
TTM Avg
11.21%
3Y Avg
12.25%
5Y Avg
12.50%
Market Cap
$3.35B
Return on Invested Capital (ROIC)
0.69%
TTM Avg
0.00%
3Y Avg
-12.19%
5Y Avg
-14.18%
Market Cap
$3.81B
Return on Invested Capital (ROIC)
3.92%
TTM Avg
-7.49%
3Y Avg
-12.34%
5Y Avg
-10.82%
Market Cap
$3.31B
Return on Invested Capital (ROIC)
-15.98%
TTM Avg
-39.63%
3Y Avg
-73.32%
5Y Avg
-79.00%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| IPG Photonics Corporation (IPGP) | $3.56B | 0.25% | -1.92% | -1.19% | 2.31% |
| monday.com Ltd. (MNDY)vs › | $3.56B | 4.62% | -0.95% | -6.22% | -73.15% |
| Shift4 Payments, Inc. (FOUR)vs › | $3.44B | 4.44% | 4.63% | 4.42% | 1.99% |
| Cohu, Inc. (COHU)vs › | $3.45B | -2.95% | -6.55% | -0.42% | 2.89% |
| Veeco Instruments Inc. (VECO)vs › | $3.41B | 1.89% | 4.48% | 5.67% | 5.61% |
| Universal Display Corporation (OLED)vs › | $3.70B | 9.60% | 11.21% | 12.25% | 12.50% |
| Life360, Inc. (LIF)vs › | $3.35B | 0.69% | 0.00% | -12.19% | -14.18% |
| Workiva Inc. (WK)vs › | $3.81B | 3.92% | -7.49% | -12.34% | -10.82% |
| Ouster, Inc. (OUST)vs › | $3.31B | -15.98% | -39.63% | -73.32% | -79.00% |
| Itron, Inc. (ITRI)vs › | $3.84B | 7.58% | 8.26% | 5.23% | 2.71% |
ROIC
0.3%
ROE
1.3%
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 | 0.25% |
| 2026-03-31 | 0.13% |
| 2025-12-31 | 0.41% |
| 2025-09-30 | 0.60% |
| 2025-06-30 | -10.98% |
| 2025-03-31 | -10.64% |
| 2024-12-31 | -9.99% |
| 2024-09-30 | -8.95% |
| 2024-06-30 | 4.19% |
| 2024-03-31 | 5.93% |
| 2023-12-31 | 7.44% |
| 2023-09-30 | 2.59% |
| 2023-06-30 | 3.60% |
| 2023-03-31 | 3.63% |
| 2022-12-31 | 4.12% |
| 2022-09-30 | 9.88% |
| 2022-06-30 | 9.63% |
| 2022-03-31 | 9.89% |
| 2021-12-31 | 9.70% |
| 2021-09-30 | 9.16% |
| 2021-06-30 | 7.85% |
| 2021-03-31 | 6.82% |
| 2020-12-31 | 5.68% |
| 2020-09-30 | 3.83% |
| 2020-06-30 | 4.66% |
| 2020-03-31 | 6.11% |
| 2019-12-31 | 6.67% |
| 2019-09-30 | 9.79% |
| 2019-06-30 | 11.52% |
| 2019-03-31 | 14.13% |
| 2018-12-31 | 16.97% |
| 2018-09-30 | 16.08% |
| 2018-06-30 | 17.00% |
| 2018-03-31 | 16.39% |
| 2017-12-31 | 15.95% |
| 2017-09-30 | 17.83% |
| 2017-06-30 | 17.17% |
| 2017-03-31 | 16.30% |
| 2016-12-31 | 15.85% |
| 2016-09-30 | 15.60% |
| 2016-06-30 | 16.00% |
| 2016-03-31 | 16.70% |
| 2015-12-31 | 18.49% |
| 2015-09-30 | 18.91% |
| 2015-06-30 | 18.98% |
| 2015-03-31 | 19.04% |
| 2014-12-31 | 18.10% |
| 2014-09-30 | 16.81% |
| 2014-06-30 | 15.77% |
| 2014-03-31 | 16.14% |
| 2013-12-31 | 16.12% |
| 2013-09-30 | 16.93% |
| 2013-06-30 | 18.14% |
| 2013-03-31 | 18.54% |
| 2012-12-31 | 19.07% |
| 2012-09-30 | 18.98% |
| 2012-06-30 | 19.57% |
| 2012-03-31 | 17.44% |
| 2011-12-31 | 23.26% |
| 2011-09-30 | 23.67% |
| 2011-06-30 | 20.15% |
| 2011-03-31 | 18.16% |
| 2010-12-31 | 15.01% |
| 2010-09-30 | 10.05% |
| 2010-06-30 | 7.11% |
| 2010-03-31 | 3.00% |
| 2009-12-31 | 2.18% |
| 2009-09-30 | 4.43% |
| 2009-06-30 | 7.44% |
| 2009-03-31 | 11.00% |
| 2008-12-31 | 13.63% |
| 2008-09-30 | 13.81% |
| 2008-06-30 | 12.92% |
| 2008-03-31 | 12.82% |
| 2007-12-31 | 13.01% |
| 2007-09-30 | 18.41% |
| 2007-06-30 | 19.78% |
| 2007-03-31 | 20.79% |
| 2006-12-31 | 30.09% |
| 2006-09-30 | -3.70% |
| 2006-06-30 | 11.24% |
| 2005-12-31 | 14.23% |
| 2004-12-31 | 3.09% |
