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 -19.53% is 26% above its 5-year average of -26.47%, near the high end of its 5-year range (-70.84%–-14.47%).
As of the fiscal period ended Saturday, July 4, 2026. 8.17% below its 12-month average of -18.06%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-07-04): -19.53%.
RETURN ON INVESTED CAPITAL (ROIC)
-19.53%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
-18.06%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
-38.12%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
-26.47%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
-31.96%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
-19.86%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
-20.62%
CURRENT VS TTM AVG
-8.17%
CURRENT VS 3Y AVG
+48.76%
CURRENT VS 5Y AVG
+26.21%
CURRENT VS 10Y AVG
+38.88%
CURRENT VS 15Y AVG
+1.63%
CURRENT VS 20Y AVG
+5.25%
SECTOR MEDIAN · HEALTHCARE
-33.91%
median of 588 covered companies
CURRENT VS SECTOR MEDIAN
+42.40%
vs the sector median at left
IRIDEX Corporation
Market Cap
$12.41M
Return on Invested Capital (ROIC)
-19.53%
TTM Avg
-18.06%
3Y Avg
-38.12%
5Y Avg
-26.47%
Market Cap
$12.58M
Return on Invested Capital (ROIC)
-203.50%
TTM Avg
-154.20%
3Y Avg
-205.70%
5Y Avg
-169.89%
Market Cap
$12.16M
Return on Invested Capital (ROIC)
-43.31%
TTM Avg
-42.56%
3Y Avg
-55.36%
5Y Avg
-44.03%
Market Cap
$11.81M
Return on Invested Capital (ROIC)
-358.04%
TTM Avg
-62.86%
3Y Avg
-6481.16%
5Y Avg
-4328.67%
Market Cap
$11.67M
Return on Invested Capital (ROIC)
-86.22%
TTM Avg
-227.24%
3Y Avg
-220.51%
5Y Avg
-220.51%
Market Cap
$12.78M
Return on Invested Capital (ROIC)
-74.94%
TTM Avg
-273.26%
3Y Avg
-277.38%
5Y Avg
-186.51%
Market Cap
$11.42M
Return on Invested Capital (ROIC)
-240.64%
TTM Avg
-174.03%
3Y Avg
-198.05%
5Y Avg
-242.53%
Market Cap
$11.38M
Return on Invested Capital (ROIC)
-204.32%
TTM Avg
-100.17%
3Y Avg
-85.05%
5Y Avg
-71.75%
Market Cap
$13.62M
Return on Invested Capital (ROIC)
-91.74%
TTM Avg
-119.31%
3Y Avg
-112.64%
5Y Avg
-88.90%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| IRIDEX Corporation (IRIX) | $12.41M | -19.53% | -18.06% | -38.12% | -26.47% |
| Dare Bioscience, Inc. (DARE)vs › | $12.58M | -203.50% | -154.20% | -205.70% | -169.89% |
| Cytosorbents Corporation (CTSO)vs › | $12.16M | -43.31% | -42.56% | -55.36% | -44.03% |
| Lantern Pharma Inc. (LTRN)vs › | $11.81M | -358.04% | -62.86% | -6481.16% | -4328.67% |
| Bullfrog AI Holdings, Inc. Common Stock (BFRG)vs › | $11.67M | -86.22% | -227.24% | -220.51% | -220.51% |
| Cellectar Biosciences, Inc. (CLRB)vs › | $12.78M | -74.94% | -273.26% | -277.38% | -186.51% |
| Adial Pharmaceuticals, Inc. (ADIL)vs › | $11.42M | -240.64% | -174.03% | -198.05% | -242.53% |
| Lisata Therapeutics, Inc. (LSTA)vs › | $11.38M | -204.32% | -100.17% | -85.05% | -71.75% |
| IN8bio, Inc. (INAB)vs › | $13.62M | -91.74% | -119.31% | -112.64% | -88.90% |
| Kiora Pharmaceuticals, Inc. (KPRX)vs › | $11.30M | -59.42% | -18.05% | -54.95% | -57.91% |
ROIC
-19.5%
ROE
-97.5%
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) |
|---|---|
| 2026-07-04 | -19.53% |
| 2026-04-04 | -17.42% |
| 2026-01-03 | -16.13% |
| 2025-09-27 | -19.16% |
| 2025-06-28 | -19.67% |
| 2025-03-29 | -27.04% |
| 2024-12-31 | -58.02% |
| 2024-09-28 | -69.68% |
| 2024-06-29 | -70.84% |
| 2024-03-30 | -60.78% |
| 2023-12-31 | -46.63% |
| 2023-09-30 | -32.57% |
| 2023-07-01 | -32.40% |
| 2023-04-01 | -26.36% |
| 2022-12-31 | -25.28% |
| 2022-10-01 | -26.37% |
| 2022-07-02 | -26.22% |
| 2022-04-02 | -21.91% |
| 2021-12-31 | -20.90% |
| 2021-10-02 | -14.47% |
| 2021-07-03 | -12.94% |
| 2021-04-03 | -17.36% |
| 2020-12-31 | -32.05% |
| 2020-09-26 | -38.03% |
| 2020-06-27 | -34.66% |
| 2020-03-28 | -32.92% |
| 2019-12-31 | -35.85% |
| 2019-09-28 | -38.51% |
| 2019-06-29 | -39.95% |
| 2019-03-30 | -39.61% |
| 2018-12-31 | -42.07% |
| 2018-09-29 | -45.79% |
| 2018-06-30 | -60.49% |
| 2018-03-31 | -52.39% |
| 2017-12-31 | -41.24% |
| 2017-09-30 | -24.36% |
| 2017-07-01 | -18.20% |
| 2017-04-01 | -11.36% |
| 2016-12-31 | -6.46% |
| 2016-10-01 | -2.84% |
| 2016-07-02 | 1.11% |
| 2016-04-02 | 0.11% |
| 2015-12-31 | 0.84% |
| 2015-10-03 | 2.34% |
| 2015-07-04 | 3.65% |
| 2015-04-04 | 6.83% |
| 2014-12-31 | 7.44% |
| 2014-09-27 | 8.27% |
| 2014-06-28 | 8.28% |
| 2014-03-29 | 8.49% |
| 2013-12-31 | 9.87% |
| 2013-09-28 | 8.94% |
| 2013-06-29 | 4.61% |
| 2013-03-30 | 1.15% |
| 2012-12-31 | -3.81% |
| 2012-09-29 | -3.25% |
| 2012-06-30 | 1.14% |
| 2012-03-31 | 3.77% |
| 2011-12-31 | 7.31% |
| 2011-10-01 | 9.94% |
| 2011-07-02 | 11.97% |
| 2011-04-02 | 11.74% |
| 2010-12-31 | 12.09% |
| 2010-10-02 | 11.08% |
| 2010-07-03 | 11.12% |
| 2010-04-03 | 14.59% |
| 2009-12-31 | 11.30% |
| 2009-10-03 | -25.69% |
| 2009-07-04 | -32.02% |
| 2009-04-04 | -36.53% |
| 2008-12-31 | -42.46% |
| 2008-09-27 | -70.05% |
| 2008-06-28 | -72.75% |
| 2008-03-29 | -86.49% |
| 2007-12-31 | -84.06% |
| 2007-09-29 | -23.07% |
| 2007-06-30 | -27.08% |
| 2007-03-31 | -21.17% |
| 2006-12-31 | -14.58% |
| 2006-09-30 | -5.81% |
| 2006-07-01 | 0.26% |
| 2006-04-01 | 2.74% |
| 2005-12-31 | 3.75% |
| 2005-10-01 | 3.22% |
| 2005-07-02 | -2.21% |
| 2005-04-02 | -3.61% |
| 2004-12-31 | -3.39% |
| 2004-10-02 | -3.07% |
| 2004-07-03 | 2.01% |
| 2004-04-03 | 0.14% |
| 2003-12-31 | -0.16% |
| 2003-09-27 | 1.06% |
| 2003-06-28 | 0.70% |
