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 23.78% is in line with its 5-year average of 21.65%, near the high end of its 5-year range (13.11%–24.97%).
As of the fiscal period ended Tuesday, June 30, 2026. 7.54% above its 12-month average of 22.12%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
23.78%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
22.12%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
22.23%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
21.65%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
14.66%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
18.51%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
18.51%
CURRENT VS TTM AVG
+7.54%
CURRENT VS 3Y AVG
+6.97%
CURRENT VS 5Y AVG
+9.88%
CURRENT VS 10Y AVG
+62.19%
CURRENT VS 15Y AVG
+28.49%
CURRENT VS 20Y AVG
+28.49%
SECTOR MEDIAN · TECHNOLOGY
8.17%
median of 193 covered companies
CURRENT VS SECTOR MEDIAN
+191.12%
vs the sector median at left
Gartner, Inc.
Market Cap
$11.56B
Return on Invested Capital (ROIC)
23.78%
TTM Avg
22.12%
3Y Avg
22.23%
5Y Avg
21.65%
Market Cap
$11.56B
Return on Invested Capital (ROIC)
8.56%
TTM Avg
5.01%
3Y Avg
6.78%
5Y Avg
7.91%
Market Cap
$11.36B
Return on Invested Capital (ROIC)
18.77%
TTM Avg
17.83%
3Y Avg
16.55%
5Y Avg
16.46%
Market Cap
$11.34B
Return on Invested Capital (ROIC)
4.30%
TTM Avg
6.39%
3Y Avg
9.12%
5Y Avg
12.52%
Market Cap
$11.99B
Return on Invested Capital (ROIC)
10.06%
TTM Avg
11.79%
3Y Avg
12.68%
5Y Avg
12.05%
Market Cap
$12.12B
Return on Invested Capital (ROIC)
90.92%
TTM Avg
58.33%
3Y Avg
55.49%
5Y Avg
48.77%
Market Cap
$12.30B
Return on Invested Capital (ROIC)
20.64%
TTM Avg
17.70%
3Y Avg
14.37%
5Y Avg
11.89%
Market Cap
$12.30B
Return on Invested Capital (ROIC)
5.70%
TTM Avg
-0.53%
3Y Avg
-4.07%
5Y Avg
-3.84%
Market Cap
$12.43B
Return on Invested Capital (ROIC)
15.06%
TTM Avg
10.65%
3Y Avg
4.36%
5Y Avg
-0.27%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Gartner, Inc. (IT) | $11.56B | 23.78% | 22.12% | 22.23% | 21.65% |
| Advanced Energy Industries, Inc. (AEIS)vs › | $11.56B | 8.56% | 5.01% | 6.78% | 7.91% |
| Jack Henry & Associates, Inc. (JKHY)vs › | $11.36B | 18.77% | 17.83% | 16.55% | 16.46% |
| Skyworks Solutions, Inc. (SWKS)vs › | $11.34B | 4.30% | 6.39% | 9.12% | 12.52% |
| Nova Ltd. (NVMI)vs › | $11.99B | 10.06% | 11.79% | 12.68% | 12.05% |
| Manhattan Associates, Inc. (MANH)vs › | $12.12B | 90.92% | 58.33% | 55.49% | 48.77% |
| GoDaddy Inc. (GDDY)vs › | $12.30B | 20.64% | 17.70% | 14.37% | 11.89% |
| HubSpot, Inc. (HUBS)vs › | $12.30B | 5.70% | -0.53% | -4.07% | -3.84% |
| DocuSign, Inc. (DOCU)vs › | $12.43B | 15.06% | 10.65% | 4.36% | -0.27% |
| Amkor Technology, Inc. (AMKR)vs › | $12.60B | 7.31% | 6.11% | 8.46% | 9.85% |
ROIC
23.8%
ROE
N/A
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 | 23.78% |
| 2026-03-31 | 21.01% |
| 2025-12-31 | 19.23% |
| 2025-09-30 | 24.87% |
| 2025-06-30 | 21.69% |
| 2025-03-31 | 21.80% |
| 2024-12-31 | 22.39% |
| 2024-09-30 | 19.92% |
| 2024-06-30 | 21.90% |
| 2024-03-31 | 20.57% |
| 2023-12-31 | 22.84% |
| 2023-09-30 | 24.88% |
| 2023-06-30 | 24.16% |
| 2023-03-31 | 24.97% |
| 2022-12-31 | 22.71% |
| 2022-09-30 | 19.82% |
| 2022-06-30 | 22.48% |
| 2022-03-31 | 19.63% |
| 2021-12-31 | 18.13% |
| 2021-09-30 | 16.11% |
| 2021-06-30 | 13.11% |
| 2021-03-31 | 11.19% |
| 2020-12-31 | 8.96% |
| 2020-09-30 | 7.76% |
| 2020-06-30 | 7.33% |
| 2020-03-31 | 8.12% |
| 2019-12-31 | 6.94% |
| 2019-09-30 | 7.43% |
| 2019-06-30 | 6.59% |
| 2019-03-31 | 4.77% |
| 2018-12-31 | 4.69% |
| 2018-09-30 | 5.22% |
| 2018-06-30 | 2.96% |
| 2018-03-31 | -1.52% |
| 2017-12-31 | -0.13% |
| 2017-09-30 | 0.80% |
| 2017-06-30 | 1.62% |
| 2017-03-31 | 10.02% |
| 2016-12-31 | 20.89% |
| 2016-09-30 | 21.88% |
| 2016-06-30 | 19.69% |
| 2016-03-31 | 20.20% |
| 2015-12-31 | 20.97% |
| 2015-09-30 | 20.32% |
| 2015-06-30 | 27.11% |
| 2015-03-31 | 28.05% |
| 2014-12-31 | 27.00% |
| 2014-09-30 | 29.48% |
| 2014-06-30 | 28.21% |
| 2014-03-31 | 26.65% |
| 2013-12-31 | 27.30% |
| 2013-09-30 | 28.67% |
| 2013-06-30 | 27.25% |
| 2013-03-31 | 26.91% |
| 2012-12-31 | 26.98% |
| 2012-09-30 | 27.02% |
| 2012-06-30 | 29.25% |
| 2012-03-31 | 27.82% |
| 2011-12-31 | 28.49% |
| 2011-09-30 | 26.73% |
| 2011-06-30 | 23.51% |
| 2011-03-31 | 20.56% |
| 2010-12-31 | 20.83% |
| 2010-09-30 | 16.78% |
| 2010-06-30 | 16.96% |
| 2010-03-31 | 16.59% |
| 2009-12-31 | 18.50% |
| 2009-09-30 | 24.99% |
| 2009-06-30 | 24.09% |
| 2009-03-31 | 27.57% |
| 2008-12-31 | 23.06% |
| 2008-09-30 | 23.55% |
| 2008-06-30 | 21.08% |
| 2008-03-31 | 18.48% |
| 2007-12-31 | 17.50% |
| 2007-09-30 | 13.34% |
| 2007-06-30 | 12.81% |
| 2007-03-31 | 13.67% |
| 2006-12-31 | 15.35% |
| 2006-09-30 | 13.62% |
| 2006-06-30 | 10.89% |
| 2006-03-31 | 6.83% |
| 2005-12-31 | 3.09% |
| 2005-09-30 | 2.68% |
| 2005-06-30 | 3.58% |
| 2005-03-31 | 4.07% |
| 2004-12-31 | 6.31% |
| 2004-09-30 | 6.35% |
| 2004-06-30 | 6.29% |
| 2004-03-31 | 7.13% |
| 2003-12-31 | 7.42% |
| 2003-09-30 | 3.26% |
| 2003-06-30 | 6.08% |
