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 -6.48% is 31% above its 5-year average of -9.35%, around the middle of its 5-year range (-17.56%–-0.21%).
As of the fiscal period ended Tuesday, June 30, 2026. 12.36% above its 12-month average of -7.39%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): -6.48%.
RETURN ON INVESTED CAPITAL (ROIC)
-6.48%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
-7.39%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
-8.70%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
-9.35%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
-8.11%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
-5.04%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
-3.32%
CURRENT VS TTM AVG
+12.36%
CURRENT VS 3Y AVG
+25.58%
CURRENT VS 5Y AVG
+30.68%
CURRENT VS 10Y AVG
+20.12%
CURRENT VS 15Y AVG
-28.48%
CURRENT VS 20Y AVG
-94.96%
SECTOR MEDIAN · TECHNOLOGY
2.75%
median of 448 covered companies
CURRENT VS SECTOR MEDIAN
-335.14%
vs the sector median at left
KVH Industries, Inc.
Market Cap
$135.41M
Return on Invested Capital (ROIC)
-6.48%
TTM Avg
-7.39%
3Y Avg
-8.70%
5Y Avg
-9.35%
Market Cap
$134.92M
Return on Invested Capital (ROIC)
-26.60%
TTM Avg
-17.36%
3Y Avg
-518.98%
5Y Avg
-377.70%
Market Cap
$137.82M
Return on Invested Capital (ROIC)
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$144.29M
Return on Invested Capital (ROIC)
-91.13%
TTM Avg
-68.02%
3Y Avg
-66.63%
5Y Avg
-62.04%
Market Cap
$145.41M
Return on Invested Capital (ROIC)
-50.10%
TTM Avg
-425.78%
3Y Avg
-271.21%
5Y Avg
-241.03%
Market Cap
$148.31M
Return on Invested Capital (ROIC)
N/A
TTM Avg
-16.95%
3Y Avg
-55.38%
5Y Avg
-55.38%
Market Cap
$119.18M
Return on Invested Capital (ROIC)
N/A
TTM Avg
5.97%
3Y Avg
8.14%
5Y Avg
8.14%
Market Cap
$155.92M
Return on Invested Capital (ROIC)
7.26%
TTM Avg
6.17%
3Y Avg
5.20%
5Y Avg
5.32%
Market Cap
$102.66M
Return on Invested Capital (ROIC)
N/A
TTM Avg
-10.55%
3Y Avg
-4.67%
5Y Avg
0.36%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| KVH Industries, Inc. (KVHI) | $135.41M | -6.48% | -7.39% | -8.70% | -9.35% |
| Datavault AI Inc. (DVLT)vs › | $134.92M | -26.60% | -17.36% | -518.98% | -377.70% |
| Huckleberry.ai, Inc. Class B (HUCK)vs › | $137.82M | N/A | N/A | N/A | N/A |
| Digimarc Corp. (DMRC)vs › | $144.29M | -91.13% | -68.02% | -66.63% | -62.04% |
| Axe Compute Inc. (AGPU)vs › | $145.41M | -50.10% | -425.78% | -271.21% | -241.03% |
| Nano Labs Ltd (NA)vs › | $148.31M | N/A | -16.95% | -55.38% | -55.38% |
| CTW Cayman Class A Ordinary Shares (CTW)vs › | $119.18M | N/A | 5.97% | 8.14% | 8.14% |
| eGain Corporation (EGAN)vs › | $155.92M | 7.26% | 6.17% | 5.20% | 5.32% |
| GCL Global Holdings Ltd Ordinary Shares (GCL)vs › | $102.66M | N/A | -10.55% | -4.67% | 0.36% |
| Interlink Electronics, Inc. (LINK)vs › | $93.32M | -12.11% | -17.81% | -10.74% | -7.07% |
ROIC
-6.5%
ROE
-4.5%
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) |
|---|---|
| 2026-06-30 | -6.48% |
| 2026-03-31 | -6.66% |
| 2025-12-31 | -8.29% |
| 2025-09-30 | -9.91% |
| 2025-06-30 | -5.62% |
| 2025-03-31 | -7.46% |
| 2024-12-31 | -8.54% |
| 2024-09-30 | -14.52% |
| 2024-06-30 | -16.64% |
| 2024-03-31 | -14.35% |
| 2023-12-31 | -11.68% |
| 2023-09-30 | -2.82% |
| 2023-06-30 | -0.21% |
| 2023-03-31 | -0.73% |
| 2022-12-31 | -3.50% |
| 2022-09-30 | -7.25% |
| 2022-06-30 | -10.94% |
| 2022-03-31 | -14.47% |
| 2021-12-31 | -13.53% |
| 2021-09-30 | -17.56% |
| 2021-06-30 | -15.10% |
| 2021-03-31 | -13.07% |
| 2020-12-31 | -15.52% |
| 2020-09-30 | -9.54% |
| 2020-06-30 | -12.40% |
| 2020-03-31 | -14.86% |
| 2019-12-31 | -12.95% |
| 2019-09-30 | -11.89% |
| 2019-06-30 | -8.97% |
| 2019-03-31 | -6.87% |
| 2018-12-31 | -5.06% |
| 2018-09-30 | -4.06% |
| 2018-06-30 | -4.58% |
| 2018-03-31 | -4.54% |
| 2017-12-31 | -5.64% |
| 2017-09-30 | -5.04% |
| 2017-06-30 | -1.97% |
| 2017-03-31 | -1.55% |
| 2016-12-31 | -0.79% |
| 2016-09-30 | 2.32% |
| 2016-06-30 | 0.74% |
| 2016-03-31 | 0.95% |
| 2015-12-31 | 1.43% |
| 2015-09-30 | 0.14% |
| 2015-06-30 | 0.22% |
| 2015-03-31 | 0.50% |
| 2014-12-31 | 0.54% |
| 2014-09-30 | -0.62% |
| 2014-06-30 | 0.12% |
| 2014-03-31 | 0.74% |
| 2013-12-31 | 2.70% |
| 2013-09-30 | 4.76% |
| 2013-06-30 | 5.19% |
| 2013-03-31 | 5.36% |
| 2012-12-31 | 3.10% |
| 2012-09-30 | 2.02% |
| 2012-06-30 | 0.24% |
| 2012-03-31 | -0.06% |
| 2011-12-31 | -0.56% |
| 2011-09-30 | -1.67% |
| 2011-06-30 | -0.19% |
| 2011-03-31 | 1.14% |
| 2010-12-31 | 5.47% |
| 2010-09-30 | 7.15% |
| 2010-06-30 | 6.51% |
| 2010-03-31 | 4.74% |
| 2009-12-31 | -0.75% |
| 2009-09-30 | -2.33% |
| 2009-06-30 | -4.03% |
| 2009-03-31 | -1.85% |
| 2008-12-31 | 2.92% |
| 2008-09-30 | 3.22% |
| 2008-06-30 | 3.43% |
| 2008-03-31 | 2.55% |
| 2007-12-31 | 0.28% |
| 2007-09-30 | -0.46% |
| 2007-06-30 | 0.35% |
| 2007-03-31 | 0.57% |
| 2006-12-31 | 2.11% |
| 2006-09-30 | 3.47% |
| 2006-06-30 | 3.92% |
| 2006-03-31 | 3.58% |
| 2005-12-31 | 2.82% |
| 2005-09-30 | 1.20% |
| 2005-06-30 | -1.89% |
| 2005-03-31 | -10.35% |
| 2004-12-31 | -10.53% |
| 2004-09-30 | -11.82% |
| 2004-06-30 | -9.90% |
| 2004-03-31 | -1.99% |
| 2003-12-31 | -5.36% |
| 2003-09-30 | 1.80% |
| 2003-06-30 | 3.43% |