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 9.81% is 13% above its 5-year average of 8.71%, around the middle of its 5-year range (6.90%–13.44%).
As of the fiscal period ended Tuesday, June 30, 2026. 10.17% above its 12-month average of 8.91%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 9.81%.
RETURN ON INVESTED CAPITAL (ROIC)
9.81%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
8.91%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
8.59%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
8.71%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
10.98%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
9.14%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
8.01%
CURRENT VS TTM AVG
+10.17%
CURRENT VS 3Y AVG
+14.21%
CURRENT VS 5Y AVG
+12.66%
CURRENT VS 10Y AVG
-10.62%
CURRENT VS 15Y AVG
+7.35%
CURRENT VS 20Y AVG
+22.54%
SECTOR MEDIAN · HEALTHCARE
-33.87%
median of 687 covered companies
CURRENT VS SECTOR MEDIAN
+128.98%
vs the sector median at left
LeMaitre Vascular, Inc.
Market Cap
$1.82B
Return on Invested Capital (ROIC)
9.81%
TTM Avg
8.91%
3Y Avg
8.59%
5Y Avg
8.71%
Market Cap
$1.84B
Return on Invested Capital (ROIC)
-26.88%
TTM Avg
-21.15%
3Y Avg
-18.76%
5Y Avg
-12.71%
Market Cap
$1.84B
Return on Invested Capital (ROIC)
-52.66%
TTM Avg
-61.09%
3Y Avg
-54.75%
5Y Avg
-42.45%
Market Cap
$1.84B
Return on Invested Capital (ROIC)
4.13%
TTM Avg
4.21%
3Y Avg
5.71%
5Y Avg
5.17%
Market Cap
$1.79B
Return on Invested Capital (ROIC)
-94.79%
TTM Avg
-70.21%
3Y Avg
-70.21%
5Y Avg
-70.21%
Market Cap
$1.86B
Return on Invested Capital (ROIC)
-23.90%
TTM Avg
-49.28%
3Y Avg
-183.01%
5Y Avg
-156.37%
Market Cap
$1.89B
Return on Invested Capital (ROIC)
-1.33%
TTM Avg
-1.10%
3Y Avg
-1.49%
5Y Avg
-1.29%
Market Cap
$1.88B
Return on Invested Capital (ROIC)
-36.37%
TTM Avg
8.48%
3Y Avg
-213.38%
5Y Avg
-299.96%
Market Cap
$1.89B
Return on Invested Capital (ROIC)
1.72%
TTM Avg
-1.08%
3Y Avg
-2.19%
5Y Avg
-2.71%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| LeMaitre Vascular, Inc. (LMAT) | $1.82B | 9.81% | 8.91% | 8.59% | 8.71% |
| Novocure Ltd (NVCR)vs › | $1.84B | -26.88% | -21.15% | -18.76% | -12.71% |
| Absci Corporation (ABSI)vs › | $1.84B | -52.66% | -61.09% | -54.75% | -42.45% |
| Astrana Health, Inc. (ASTH)vs › | $1.84B | 4.13% | 4.21% | 5.71% | 5.17% |
| Generate Biomedicines, Inc. (GENB)vs › | $1.79B | -94.79% | -70.21% | -70.21% | -70.21% |
| Palvella Therapeutics, Inc. (PVLA)vs › | $1.86B | -23.90% | -49.28% | -183.01% | -156.37% |
| Azenta, Inc. (AZTA)vs › | $1.89B | -1.33% | -1.10% | -1.49% | -1.29% |
| Novavax, Inc. (NVAX)vs › | $1.88B | -36.37% | 8.48% | -213.38% | -299.96% |
| BioLife Solutions, Inc. (BLFS)vs › | $1.89B | 1.72% | -1.08% | -2.19% | -2.71% |
| Agios Pharmaceuticals, Inc. (AGIO)vs › | $1.89B | -44.21% | -32.05% | -35.56% | -35.59% |
ROIC
9.8%
ROE
15.6%
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 | 9.81% |
| 2026-03-31 | 9.49% |
| 2025-12-31 | 9.00% |
| 2025-09-30 | 8.49% |
| 2025-06-30 | 7.75% |
| 2025-03-31 | 7.73% |
| 2023-12-31 | 8.83% |
| 2023-09-30 | 8.32% |
| 2023-06-30 | 7.91% |
| 2023-03-31 | 6.90% |
| 2022-12-31 | 7.06% |
| 2022-09-30 | 7.76% |
| 2022-06-30 | 8.38% |
| 2022-03-31 | 10.31% |
| 2021-12-31 | 10.55% |
| 2021-09-30 | 11.08% |
| 2021-06-30 | 13.44% |
| 2021-03-31 | 11.15% |
| 2020-12-31 | 9.70% |
| 2020-09-30 | 8.01% |
| 2020-06-30 | 6.89% |
| 2020-03-31 | 10.31% |
| 2019-12-31 | 10.46% |
| 2019-09-30 | 12.68% |
| 2019-06-30 | 12.48% |
| 2019-03-31 | 15.90% |
| 2018-12-31 | 17.07% |
| 2018-09-30 | 16.38% |
| 2018-06-30 | 17.63% |
| 2018-03-31 | 15.25% |
| 2017-12-31 | 15.18% |
| 2017-09-30 | 14.25% |
| 2017-06-30 | 13.42% |
| 2017-03-31 | 12.17% |
| 2016-12-31 | 11.65% |
| 2016-09-30 | 11.77% |
| 2016-06-30 | 11.09% |
| 2016-03-31 | 10.40% |
| 2015-12-31 | 9.73% |
| 2015-09-30 | 9.34% |
| 2015-06-30 | 8.05% |
| 2015-03-31 | 7.68% |
| 2014-12-31 | 5.50% |
| 2014-09-30 | 3.91% |
| 2014-06-30 | 3.71% |
| 2014-03-31 | 3.90% |
| 2013-12-31 | 5.65% |
| 2013-09-30 | 5.86% |
| 2013-06-30 | 5.69% |
| 2013-03-31 | 5.61% |
| 2012-12-31 | 4.99% |
| 2012-09-30 | 4.42% |
| 2012-06-30 | 5.57% |
| 2012-03-31 | 4.94% |
| 2011-12-31 | 3.97% |
| 2011-09-30 | 2.94% |
| 2011-06-30 | 3.01% |
| 2011-03-31 | 5.14% |
| 2010-12-31 | 7.59% |
| 2010-09-30 | 9.77% |
| 2010-06-30 | 9.52% |
| 2010-03-31 | 8.18% |
| 2009-12-31 | 2.79% |
| 2009-09-30 | 1.20% |
| 2009-06-30 | -0.10% |
| 2009-03-31 | -4.17% |
| 2008-12-31 | -6.17% |
| 2008-09-30 | -9.77% |
| 2008-06-30 | -13.28% |
| 2008-03-31 | -12.16% |
| 2007-12-31 | -8.38% |
| 2007-09-30 | -6.75% |
| 2007-06-30 | -2.95% |
| 2007-03-31 | -4.15% |
| 2006-12-31 | -1.32% |
| 2006-09-30 | -92.85% |
| 2006-06-30 | -63.87% |
| 2006-03-31 | -20.97% |
| 2005-12-31 | 6.70% |
| 2004-12-31 | 9.27% |
