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 7.58% is 140% above its 5-year average of 3.16%, near the high end of its 5-year range (-7.04%–8.79%).
As of the fiscal period ended Tuesday, June 30, 2026. 4.77% below its 12-month average of 7.95%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 7.58%.
RETURN ON INVESTED CAPITAL (ROIC)
7.58%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
7.95%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
7.73%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
3.16%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
2.92%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
2.11%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
2.59%
CURRENT VS TTM AVG
-4.77%
CURRENT VS 3Y AVG
-1.98%
CURRENT VS 5Y AVG
+139.62%
CURRENT VS 10Y AVG
+159.30%
CURRENT VS 15Y AVG
+259.48%
CURRENT VS 20Y AVG
+192.35%
SECTOR MEDIAN · TECHNOLOGY
8.17%
median of 193 covered companies
CURRENT VS SECTOR MEDIAN
-7.28%
vs the sector median at left
Itron, Inc.
Market Cap
$3.93B
Return on Invested Capital (ROIC)
7.58%
TTM Avg
7.95%
3Y Avg
7.73%
5Y Avg
3.16%
Market Cap
$3.98B
Return on Invested Capital (ROIC)
33.31%
TTM Avg
25.16%
3Y Avg
8.55%
5Y Avg
-1.46%
Market Cap
$3.87B
Return on Invested Capital (ROIC)
-33.24%
TTM Avg
4.75%
3Y Avg
-5.82%
5Y Avg
-10.73%
Market Cap
$4.01B
Return on Invested Capital (ROIC)
0.23%
TTM Avg
-5.08%
3Y Avg
-3.35%
5Y Avg
-1.38%
Market Cap
$3.78B
Return on Invested Capital (ROIC)
6.58%
TTM Avg
12.52%
3Y Avg
18.35%
5Y Avg
16.71%
Market Cap
$4.13B
Return on Invested Capital (ROIC)
31.82%
TTM Avg
24.75%
3Y Avg
27.68%
5Y Avg
33.05%
Market Cap
$3.54B
Return on Invested Capital (ROIC)
4.62%
TTM Avg
-0.95%
3Y Avg
-6.22%
5Y Avg
-73.15%
Market Cap
$4.35B
Return on Invested Capital (ROIC)
16.90%
TTM Avg
9.79%
3Y Avg
8.61%
5Y Avg
4.21%
Market Cap
$4.37B
Return on Invested Capital (ROIC)
42.50%
TTM Avg
27.09%
3Y Avg
-2.17%
5Y Avg
-2.38%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Itron, Inc. (ITRI) | $3.93B | 7.58% | 7.95% | 7.73% | 3.16% |
| Clear Secure, Inc. (YOU)vs › | $3.98B | 33.31% | 25.16% | 8.55% | -1.46% |
| Wix.com Ltd. (WIX)vs › | $3.87B | -33.24% | 4.75% | -5.82% | -10.73% |
| AXT, Inc. (AXTI)vs › | $4.01B | 0.23% | -5.08% | -3.35% | -1.38% |
| Axcelis Technologies, Inc. (ACLS)vs › | $3.78B | 6.58% | 12.52% | 18.35% | 16.71% |
| Dlocal Limited (DLO)vs › | $4.13B | 31.82% | 24.75% | 27.68% | 33.05% |
| monday.com Ltd. (MNDY)vs › | $3.54B | 4.62% | -0.95% | -6.22% | -73.15% |
| Box, Inc. (BOX)vs › | $4.35B | 16.90% | 9.79% | 8.61% | 4.21% |
| Dave Inc. (DAVE)vs › | $4.37B | 42.50% | 27.09% | -2.17% | -2.38% |
| Bill.com Holdings, Inc. (BILL)vs › | $4.41B | 0.32% | -0.40% | -2.28% | -2.93% |
ROIC
7.6%
ROE
16.9%
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 | 7.58% |
| 2026-03-31 | 8.01% |
| 2025-12-31 | 8.79% |
| 2025-09-30 | 7.43% |
| 2025-06-30 | 7.97% |
| 2025-03-31 | 7.86% |
| 2024-12-31 | 7.73% |
| 2024-09-30 | 7.59% |
| 2024-06-30 | 6.70% |
| 2024-03-31 | 7.63% |
| 2023-12-31 | 4.78% |
| 2023-09-30 | 4.00% |
| 2023-06-30 | 2.27% |
| 2023-03-31 | -1.29% |
| 2022-12-31 | -0.40% |
| 2022-09-30 | -7.01% |
| 2022-06-30 | -7.04% |
| 2022-03-31 | -5.39% |
| 2021-12-31 | -4.19% |
| 2021-09-30 | 1.73% |
| 2021-06-30 | 1.65% |
| 2021-03-31 | -0.24% |
| 2020-12-31 | -0.50% |
| 2020-09-30 | -0.58% |
| 2020-06-30 | 2.03% |
| 2020-03-31 | 4.22% |
| 2019-12-31 | 4.68% |
| 2019-09-30 | 5.64% |
| 2019-06-30 | 5.70% |
| 2019-03-31 | 4.95% |
| 2018-12-31 | -2.50% |
| 2018-09-30 | -1.50% |
| 2018-06-30 | -1.62% |
| 2018-03-31 | -0.78% |
| 2017-12-31 | 5.26% |
| 2017-09-30 | 6.14% |
| 2017-06-30 | 4.50% |
| 2017-03-31 | 4.65% |
| 2016-12-31 | 4.49% |
| 2016-09-30 | 3.63% |
| 2016-06-30 | 5.21% |
| 2016-03-31 | 2.85% |
| 2015-12-31 | 2.41% |
| 2015-09-30 | -1.32% |
| 2015-06-30 | -2.16% |
| 2015-03-31 | 0.79% |
| 2014-12-31 | 0.04% |
| 2014-09-30 | -7.16% |
| 2014-06-30 | -8.45% |
| 2014-03-31 | -9.14% |
| 2013-12-31 | -9.00% |
| 2013-09-30 | 2.40% |
| 2013-06-30 | 5.31% |
| 2013-03-31 | 6.34% |
| 2012-12-31 | 7.51% |
| 2012-09-30 | 3.19% |
| 2012-06-30 | -29.90% |
| 2012-03-31 | -29.27% |
| 2011-12-31 | -29.27% |
| 2011-09-30 | -20.70% |
| 2011-06-30 | 6.71% |
| 2011-03-31 | 6.33% |
| 2010-12-31 | 7.04% |
| 2010-09-30 | 6.29% |
| 2010-06-30 | 5.09% |
| 2010-03-31 | 3.05% |
| 2009-12-31 | 1.86% |
| 2009-09-30 | 2.05% |
| 2009-06-30 | 2.63% |
| 2009-03-30 | 2.50% |
| 2008-12-31 | 3.91% |
| 2008-09-30 | 4.61% |
| 2008-06-30 | 4.40% |
| 2008-03-24 | 2.34% |
| 2007-12-31 | 1.75% |
| 2007-09-30 | 0.91% |
| 2007-06-30 | 0.43% |
| 2007-03-31 | 3.08% |
| 2006-12-31 | 4.51% |
| 2006-09-30 | 6.12% |
| 2006-06-30 | 10.51% |
| 2006-03-31 | 12.25% |
| 2005-12-31 | 9.29% |
| 2005-09-30 | 4.95% |
| 2005-06-30 | 3.60% |
| 2005-03-31 | 2.35% |
| 2004-12-31 | 0.83% |
| 2004-09-30 | 1.24% |
| 2004-06-30 | 1.95% |
| 2004-03-31 | 4.01% |
| 2003-12-31 | 5.28% |
| 2003-09-30 | 4.99% |
| 2003-06-30 | 5.34% |