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 12.04% is in line with its 5-year average of 12.36%, around the middle of its 5-year range (5.38%–17.60%).
As of the fiscal period ended Friday, July 31, 2026. 38.04% above its 12-month average of 8.72%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q3 FY2026 (2026-07-31): 12.04%.
RETURN ON INVESTED CAPITAL (ROIC)
12.04%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
8.72%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
10.06%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
12.36%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
10.38%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
+38.04%
CURRENT VS 3Y AVG
+19.69%
CURRENT VS 5Y AVG
-2.57%
CURRENT VS 10Y AVG
+16.02%
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
+47.34%
vs the sector median at left
Keysight Technologies, Inc.
Market Cap
$53.55B
Return on Invested Capital (ROIC)
12.04%
TTM Avg
8.72%
3Y Avg
10.06%
5Y Avg
12.36%
Market Cap
$53.80B
Return on Invested Capital (ROIC)
18.76%
TTM Avg
16.46%
3Y Avg
15.58%
5Y Avg
15.92%
Market Cap
$53.90B
Return on Invested Capital (ROIC)
8.07%
TTM Avg
8.05%
3Y Avg
11.99%
5Y Avg
11.16%
Market Cap
$53.05B
Return on Invested Capital (ROIC)
5.11%
TTM Avg
3.84%
3Y Avg
2.70%
5Y Avg
3.59%
Market Cap
$52.04B
Return on Invested Capital (ROIC)
30.79%
TTM Avg
17.85%
3Y Avg
18.95%
5Y Avg
22.86%
Market Cap
$56.13B
Return on Invested Capital (ROIC)
18.22%
TTM Avg
15.76%
3Y Avg
18.62%
5Y Avg
17.70%
Market Cap
$57.08B
Return on Invested Capital (ROIC)
12.71%
TTM Avg
11.97%
3Y Avg
13.63%
5Y Avg
11.52%
Market Cap
$49.94B
Return on Invested Capital (ROIC)
11.40%
TTM Avg
4.37%
3Y Avg
1.96%
5Y Avg
0.29%
Market Cap
$49.86B
Return on Invested Capital (ROIC)
0.22%
TTM Avg
-2.17%
3Y Avg
-6.29%
5Y Avg
-2.37%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Keysight Technologies, Inc. (KEYS) | $53.55B | 12.04% | 8.72% | 10.06% | 12.36% |
| Garmin Ltd. (GRMN)vs › | $53.80B | 18.76% | 16.46% | 15.58% | 15.92% |
| United Microelectronics Corporation (UMC)vs › | $53.90B | 8.07% | 8.05% | 11.99% | 11.16% |
| Coherent, Inc. (COHR)vs › | $53.05B | 5.11% | 3.84% | 2.70% | 3.59% |
| Teradyne, Inc. (TER)vs › | $52.04B | 30.79% | 17.85% | 18.95% | 22.86% |
| Monolithic Power Systems, Inc. (MPWR)vs › | $56.13B | 18.22% | 15.76% | 18.62% | 17.70% |
| NXP Semiconductors N.V. (NXPI)vs › | $57.08B | 12.71% | 11.97% | 13.63% | 11.52% |
| Workday, Inc. (WDAY)vs › | $49.94B | 11.40% | 4.37% | 1.96% | 0.29% |
| Atlassian Corporation (TEAM)vs › | $49.86B | 0.22% | -2.17% | -6.29% | -2.37% |
| Nebius Group N.V. (NBIS)vs › | $49.77B | -2.24% | -9.09% | -6.87% | -4.75% |
ROIC
12.0%
ROE
19.1%
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) |
|---|---|
| 2026-07-31 | 12.04% |
| 2026-04-30 | 10.28% |
| 2026-01-31 | 8.45% |
| 2025-10-31 | 7.45% |
| 2025-07-31 | 5.38% |
| 2025-04-30 | 7.30% |
| 2025-01-31 | 7.71% |
| 2024-10-31 | 7.54% |
| 2024-07-31 | 11.54% |
| 2024-04-30 | 10.80% |
| 2024-01-31 | 12.85% |
| 2023-10-31 | 14.62% |
| 2023-07-31 | 14.79% |
| 2023-04-30 | 16.26% |
| 2023-01-31 | 16.94% |
| 2022-10-31 | 17.44% |
| 2022-07-31 | 17.60% |
| 2022-04-30 | 16.69% |
| 2022-01-31 | 15.51% |
| 2021-10-31 | 14.77% |
| 2021-07-31 | 13.49% |
| 2021-04-30 | 12.47% |
| 2021-01-31 | 10.25% |
| 2020-10-31 | 10.27% |
| 2020-07-31 | 9.75% |
| 2020-04-30 | 10.10% |
| 2020-01-31 | 11.38% |
| 2019-10-31 | 10.99% |
| 2019-07-31 | -1.42% |
| 2019-04-30 | -3.02% |
| 2019-01-31 | -5.04% |
| 2018-10-31 | -8.11% |
| 2018-07-31 | 4.55% |
| 2018-04-30 | 2.09% |
| 2018-01-31 | 1.16% |
| 2017-10-31 | 2.66% |
| 2017-07-31 | 5.66% |
| 2017-04-30 | 7.26% |
| 2017-01-31 | 12.57% |
| 2016-10-31 | 11.76% |
| 2016-07-31 | 13.34% |
| 2016-04-30 | 13.45% |
| 2016-01-31 | 15.33% |
| 2015-10-31 | 15.27% |
| 2015-07-31 | 14.58% |
| 2015-04-30 | 15.93% |
| 2015-01-31 | 16.91% |
| 2014-10-31 | 16.97% |
| 2014-07-31 | 27.92% |
| 2014-04-30 | 29.16% |
| 2014-01-31 | 29.78% |
| 2013-10-31 | 30.82% |
