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 10.24% is 1304% above its 5-year average of 0.73%, near the high end of its 5-year range (-15.54%–10.90%).
As of the fiscal period ended Tuesday, June 30, 2026. 1.50% below its 12-month average of 10.39%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 10.24%.
RETURN ON INVESTED CAPITAL (ROIC)
10.24%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
10.39%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
4.15%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
0.73%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
-2.18%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
4.50%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
3.41%
CURRENT VS TTM AVG
-1.50%
CURRENT VS 3Y AVG
+146.38%
CURRENT VS 5Y AVG
+1304.35%
CURRENT VS 10Y AVG
+568.74%
CURRENT VS 15Y AVG
+127.61%
CURRENT VS 20Y AVG
+199.98%
SECTOR MEDIAN · HEALTHCARE
-33.91%
median of 588 covered companies
CURRENT VS SECTOR MEDIAN
+130.18%
vs the sector median at left
LivaNova PLC
Market Cap
$4.14B
Return on Invested Capital (ROIC)
10.24%
TTM Avg
10.39%
3Y Avg
4.15%
5Y Avg
0.73%
Market Cap
$4.03B
Return on Invested Capital (ROIC)
-17.95%
TTM Avg
-20.66%
3Y Avg
-12.14%
5Y Avg
-3.93%
Market Cap
$4.24B
Return on Invested Capital (ROIC)
-48.57%
TTM Avg
-35.38%
3Y Avg
-31.64%
5Y Avg
-25.98%
Market Cap
$3.96B
Return on Invested Capital (ROIC)
3.11%
TTM Avg
1.40%
3Y Avg
0.58%
5Y Avg
2.33%
Market Cap
$4.38B
Return on Invested Capital (ROIC)
N/A
TTM Avg
37.59%
3Y Avg
8.11%
5Y Avg
6.10%
Market Cap
$4.35B
Return on Invested Capital (ROIC)
-23.69%
TTM Avg
-46.07%
3Y Avg
-46.68%
5Y Avg
-46.68%
Market Cap
$4.45B
Return on Invested Capital (ROIC)
-6.67%
TTM Avg
-24.96%
3Y Avg
-29.08%
5Y Avg
-26.21%
Market Cap
$4.61B
Return on Invested Capital (ROIC)
-23.81%
TTM Avg
-42.00%
3Y Avg
-57.33%
5Y Avg
-55.42%
Market Cap
$4.64B
Return on Invested Capital (ROIC)
3.03%
TTM Avg
-0.36%
3Y Avg
-5.28%
5Y Avg
-5.99%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| LivaNova PLC (LIVN) | $4.14B | 10.24% | 10.39% | 4.15% | 0.73% |
| AbCellera Biologics Inc. (ABCL)vs › | $4.03B | -17.95% | -20.66% | -12.14% | -3.93% |
| Edgewise Therapeutics, Inc. (EWTX)vs › | $4.24B | -48.57% | -35.38% | -31.64% | -25.98% |
| ICU Medical, Inc. (ICUI)vs › | $3.96B | 3.11% | 1.40% | 0.58% | 2.33% |
| Indivior Pharmaceuticals Inc (INDV)vs › | $4.38B | N/A | 37.59% | 8.11% | 6.10% |
| Heartflow, Inc. Common Stock (HTFL)vs › | $4.35B | -23.69% | -46.07% | -46.68% | -46.68% |
| Adaptive Biotechnologies Corporation (ADPT)vs › | $4.45B | -6.67% | -24.96% | -29.08% | -26.21% |
| Definium Therapeutics, Inc. (DFTX)vs › | $4.61B | -23.81% | -42.00% | -57.33% | -55.42% |
| LifeStance Health Group, Inc. (LFST)vs › | $4.64B | 3.03% | -0.36% | -5.28% | -5.99% |
| BillionToOne, Inc. (BLLN)vs › | $4.69B | 6.39% | -7.12% | -17.71% | -17.71% |
ROIC
10.2%
ROE
14.2%
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 | 10.24% |
| 2026-03-31 | 10.19% |
| 2025-12-31 | 10.90% |
| 2025-09-30 | 10.68% |
| 2025-06-30 | 9.96% |
| 2025-03-31 | 8.51% |
| 2024-12-31 | 4.22% |
| 2024-09-30 | 0.18% |
| 2024-06-30 | -1.25% |
| 2024-03-31 | -2.32% |
| 2023-12-31 | -3.24% |
| 2023-09-30 | 0.90% |
| 2023-06-30 | -4.95% |
| 2023-03-31 | -4.41% |
| 2022-12-31 | -3.80% |
| 2022-09-30 | -3.58% |
| 2022-06-30 | 3.75% |
| 2022-03-31 | 0.48% |
| 2021-12-31 | -0.28% |
| 2021-09-30 | -15.54% |
| 2021-06-30 | -15.32% |
| 2021-03-31 | -13.16% |
| 2020-12-31 | -11.68% |
| 2020-09-30 | -6.15% |
| 2020-06-30 | -4.90% |
| 2020-03-31 | -5.79% |
| 2019-12-31 | -8.50% |
| 2019-09-30 | -14.28% |
| 2019-06-30 | -16.13% |
| 2019-03-31 | -13.95% |
| 2018-12-31 | -11.92% |
| 2018-09-30 | 1.11% |
| 2018-06-30 | 1.99% |
| 2018-03-31 | 2.47% |
| 2017-12-31 | 1.73% |
| 2017-09-30 | 0.34% |
| 2017-06-30 | -0.04% |
| 2017-03-31 | -0.27% |
| 2016-12-31 | -1.33% |
| 2015-04-30 | 20.19% |
| 2015-01-31 | 23.79% |
| 2014-10-31 | 23.20% |
| 2014-07-31 | 22.43% |
| 2014-04-30 | 20.80% |
| 2014-01-31 | 19.62% |
| 2013-10-31 | 19.73% |
| 2013-07-31 | 19.43% |
| 2013-04-30 | 20.53% |
| 2013-01-31 | 20.70% |
| 2012-10-31 | 20.87% |
| 2012-07-31 | 20.66% |
| 2012-04-30 | 19.27% |
| 2012-01-31 | 18.54% |
| 2011-10-31 | 17.24% |
| 2011-07-31 | 25.47% |
| 2011-04-30 | 24.94% |
| 2011-01-31 | 25.80% |
| 2010-10-31 | 26.60% |
| 2010-07-31 | 31.43% |
| 2010-04-30 | 27.83% |
| 2010-01-31 | 24.53% |
| 2009-10-31 | 20.43% |
| 2009-07-31 | 24.92% |
| 2009-04-30 | 19.58% |
| 2009-01-31 | 17.15% |
| 2008-10-31 | 10.94% |
| 2008-07-31 | 1.94% |
| 2008-04-30 | -6.92% |
| 2008-01-31 | -17.92% |
| 2007-10-31 | -35.12% |
| 2007-07-31 | -42.42% |
| 2007-04-30 | -42.43% |
| 2007-01-31 | -36.59% |
| 2006-10-31 | -29.94% |
| 2006-07-31 | -36.21% |
| 2006-04-30 | -44.44% |
| 2006-01-31 | -47.93% |
| 2005-10-31 | -34.45% |
| 2005-07-31 | -46.30% |
| 2005-04-30 | -16.38% |
| 2005-01-31 | -9.49% |
| 2004-10-31 | 23.37% |
| 2004-07-31 | 28.36% |
| 2004-04-30 | 34.14% |
| 2004-01-31 | 42.05% |
| 2003-10-31 | 18.83% |
| 2003-07-31 | 17.50% |
| 2003-04-30 | 7.99% |
