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 8.17% is 5962% above its 5-year average of -0.14%, near the high end of its 5-year range (-11.74%–14.15%).
As of the fiscal period ended Saturday, June 27, 2026. 793.50% above its 12-month average of 0.91%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q4 FY2026 (2026-06-27): 8.17%.
RETURN ON INVESTED CAPITAL (ROIC)
8.17%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
0.91%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
-5.83%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
-0.14%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
2.51%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
+793.50%
CURRENT VS 3Y AVG
+240.12%
CURRENT VS 5Y AVG
+5961.64%
CURRENT VS 10Y AVG
+225.11%
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
-0.01%
vs the sector median at left
Lumentum Holdings Inc.
Market Cap
$73.57B
Return on Invested Capital (ROIC)
8.17%
TTM Avg
0.91%
3Y Avg
-5.83%
5Y Avg
-0.14%
Market Cap
$75.81B
Return on Invested Capital (ROIC)
16.59%
TTM Avg
18.95%
3Y Avg
19.16%
5Y Avg
18.05%
Market Cap
$78.36B
Return on Invested Capital (ROIC)
1.74%
TTM Avg
7.06%
3Y Avg
11.34%
5Y Avg
11.10%
Market Cap
$67.83B
Return on Invested Capital (ROIC)
18.22%
TTM Avg
15.76%
3Y Avg
18.62%
5Y Avg
17.70%
Market Cap
$79.97B
Return on Invested Capital (ROIC)
16.02%
TTM Avg
15.42%
3Y Avg
13.33%
5Y Avg
12.92%
Market Cap
$80.83B
Return on Invested Capital (ROIC)
6.18%
TTM Avg
3.59%
3Y Avg
4.35%
5Y Avg
4.42%
Market Cap
$64.28B
Return on Invested Capital (ROIC)
8.07%
TTM Avg
8.05%
3Y Avg
11.99%
5Y Avg
11.16%
Market Cap
$83.43B
Return on Invested Capital (ROIC)
13.29%
TTM Avg
13.77%
3Y Avg
18.23%
5Y Avg
18.78%
Market Cap
$62.33B
Return on Invested Capital (ROIC)
30.79%
TTM Avg
17.85%
3Y Avg
18.95%
5Y Avg
22.86%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Lumentum Holdings Inc. (LITE) | $73.57B | 8.17% | 0.91% | -5.83% | -0.14% |
| Motorola Solutions, Inc. (MSI)vs › | $75.81B | 16.59% | 18.95% | 19.16% | 18.05% |
| Synopsys, Inc. (SNPS)vs › | $78.36B | 1.74% | 7.06% | 11.34% | 11.10% |
| Monolithic Power Systems, Inc. (MPWR)vs › | $67.83B | 18.22% | 15.76% | 18.62% | 17.70% |
| Intuit Inc. (INTU)vs › | $79.97B | 16.02% | 15.42% | 13.33% | 12.92% |
| Hewlett Packard Enterprise Company (HPE)vs › | $80.83B | 6.18% | 3.59% | 4.35% | 4.42% |
| United Microelectronics Corporation (UMC)vs › | $64.28B | 8.07% | 8.05% | 11.99% | 11.16% |
| Cadence Design Systems, Inc. (CDNS)vs › | $83.43B | 13.29% | 13.77% | 18.23% | 18.78% |
| Teradyne, Inc. (TER)vs › | $62.33B | 30.79% | 17.85% | 18.95% | 22.86% |
| Astera Labs, Inc. Common Stock (ALAB)vs › | $62.30B | 15.47% | 0.21% | -13.24% | -13.24% |
ROIC
8.2%
ROE
-149.3%
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) |
|---|---|
| 2026-06-27 | 8.17% |
| 2026-03-28 | 3.93% |
| 2025-12-27 | 0.24% |
| 2025-09-27 | -2.50% |
| 2025-06-28 | -5.26% |
| 2025-03-29 | -9.14% |
| 2024-12-28 | -9.62% |
| 2024-09-28 | -11.74% |
| 2024-06-29 | -11.74% |
| 2024-03-30 | -9.07% |
| 2023-12-30 | -7.45% |
| 2023-09-30 | -4.92% |
| 2023-06-30 | -2.68% |
| 2023-04-01 | -0.11% |
| 2022-12-31 | 1.28% |
| 2022-10-01 | 3.80% |
| 2022-06-30 | 6.66% |
| 2022-04-02 | 6.21% |
| 2022-01-01 | 13.09% |
| 2021-10-02 | 14.15% |
| 2021-06-30 | 13.79% |
| 2021-04-03 | 12.15% |
| 2020-12-26 | 6.85% |
| 2020-09-26 | 5.96% |
| 2020-06-30 | 5.27% |
| 2020-03-28 | 4.52% |
| 2019-12-28 | 0.84% |
| 2019-09-28 | -0.74% |
| 2019-06-30 | -0.89% |
| 2019-03-30 | 0.54% |
| 2018-12-29 | 4.61% |
| 2018-09-29 | 13.58% |
| 2018-06-30 | 10.23% |
| 2018-03-31 | 9.26% |
| 2017-12-30 | 8.61% |
| 2017-09-30 | 3.13% |
| 2017-06-30 | 4.54% |
| 2017-04-01 | 5.11% |
| 2016-12-31 | 5.04% |
| 2016-10-01 | 5.37% |
| 2016-06-30 | 2.00% |
| 2016-04-02 | -2.67% |
| 2015-12-26 | -4.35% |
| 2015-09-26 | -6.23% |
| 2015-06-30 | -6.27% |
| 2015-03-31 | -4.01% |
| 2014-12-31 | 0.47% |
| 2014-06-30 | 2.79% |
