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 -22.76% is 63% above its 5-year average of -61.02%, near the high end of its 5-year range (-72.28%–-22.76%).
As of the fiscal period ended Tuesday, June 30, 2026. 41.15% above its 12-month average of -38.68%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): -22.76%.
RETURN ON INVESTED CAPITAL (ROIC)
-22.76%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
-38.68%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
-58.46%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
-61.02%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
-85.48%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
-92.35%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
-149.31%
CURRENT VS TTM AVG
+41.15%
CURRENT VS 3Y AVG
+61.06%
CURRENT VS 5Y AVG
+62.70%
CURRENT VS 10Y AVG
+73.37%
CURRENT VS 15Y AVG
+75.35%
CURRENT VS 20Y AVG
+84.76%
SECTOR MEDIAN · BASIC MATERIALS
8.91%
median of 54 covered companies
CURRENT VS SECTOR MEDIAN
-355.31%
vs the sector median at left
Lightwave Logic, Inc.
Market Cap
$850.52M
Return on Invested Capital (ROIC)
-22.76%
TTM Avg
-38.68%
3Y Avg
-58.46%
5Y Avg
-61.02%
Market Cap
$1.10B
Return on Invested Capital (ROIC)
12.29%
TTM Avg
6.91%
3Y Avg
4.54%
5Y Avg
1.50%
Market Cap
$2.09B
Return on Invested Capital (ROIC)
-0.28%
TTM Avg
8.39%
3Y Avg
7.69%
5Y Avg
7.19%
Market Cap
$2.61B
Return on Invested Capital (ROIC)
22.75%
TTM Avg
22.77%
3Y Avg
21.03%
5Y Avg
20.92%
Market Cap
$3.11B
Return on Invested Capital (ROIC)
11.37%
TTM Avg
2.11%
3Y Avg
2.25%
5Y Avg
2.22%
Market Cap
$3.26B
Return on Invested Capital (ROIC)
16.98%
TTM Avg
18.90%
3Y Avg
16.60%
5Y Avg
14.82%
Market Cap
$4.09B
Return on Invested Capital (ROIC)
13.10%
TTM Avg
6.05%
3Y Avg
5.91%
5Y Avg
8.76%
Market Cap
$4.47B
Return on Invested Capital (ROIC)
18.02%
TTM Avg
10.21%
3Y Avg
4.78%
5Y Avg
4.76%
Market Cap
$6.55B
Return on Invested Capital (ROIC)
3.18%
TTM Avg
10.45%
3Y Avg
18.39%
5Y Avg
18.04%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Lightwave Logic, Inc. (LWLG) | $850.52M | -22.76% | -38.68% | -58.46% | -61.02% |
| Avino Silver & Gold Mines Ltd. (ASM)vs › | $1.10B | 12.29% | 6.91% | 4.54% | 1.50% |
| Minerals Technologies Inc. (MTX)vs › | $2.09B | -0.28% | 8.39% | 7.69% | 7.19% |
| WD-40 Company (WDFC)vs › | $2.61B | 22.75% | 22.77% | 21.03% | 20.92% |
| Endeavour Silver Corp. (EXK)vs › | $3.11B | 11.37% | 2.11% | 2.25% | 2.22% |
| United States Lime & Minerals, Inc. (USLM)vs › | $3.26B | 16.98% | 18.90% | 16.60% | 14.82% |
| Aris Mining Corporation (ARIS)vs › | $4.09B | 13.10% | 6.05% | 5.91% | 8.76% |
| Griffon Corporation (GFF)vs › | $4.47B | 18.02% | 10.21% | 4.78% | 4.76% |
| Builders FirstSource, Inc. (BLDR)vs › | $6.55B | 3.18% | 10.45% | 18.39% | 18.04% |
| Arcosa, Inc. (ACA)vs › | $7.20B | 5.81% | 4.97% | 5.93% | 5.31% |
ROIC
-22.8%
ROE
-21.9%
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 | -22.76% |
| 2026-03-31 | -26.93% |
| 2025-12-31 | -26.04% |
| 2025-09-30 | -49.01% |
| 2025-06-30 | -68.64% |
| 2025-03-31 | -64.93% |
| 2024-12-31 | -64.10% |
| 2024-09-30 | -62.93% |
| 2024-06-30 | -59.56% |
| 2024-03-31 | -54.89% |
| 2023-12-31 | -54.15% |
| 2023-09-30 | -54.97% |
| 2023-06-30 | -51.37% |
| 2023-03-31 | -62.67% |
| 2022-12-31 | -61.74% |
| 2022-09-30 | -66.78% |
| 2022-06-30 | -66.91% |
| 2022-03-31 | -68.42% |
| 2021-12-31 | -66.28% |
| 2021-09-30 | -72.28% |
| 2021-06-30 | -48.69% |
| 2021-03-31 | -66.21% |
| 2020-12-31 | -102.58% |
| 2020-09-30 | -114.81% |
| 2020-06-30 | -110.85% |
| 2020-03-31 | -115.73% |
| 2019-12-31 | -108.45% |
| 2019-09-30 | -106.39% |
| 2019-06-30 | -99.89% |
| 2019-03-31 | -100.91% |
| 2018-12-31 | -114.14% |
| 2018-09-30 | -121.72% |
| 2018-06-30 | -123.02% |
| 2018-03-31 | -120.13% |
| 2017-12-31 | -106.20% |
| 2017-09-30 | -131.59% |
| 2017-06-30 | -154.75% |
| 2017-03-31 | -133.92% |
| 2016-12-31 | -135.17% |
| 2016-09-30 | -114.72% |
| 2016-06-30 | -149.34% |
| 2016-03-31 | -117.76% |
| 2015-12-31 | -96.78% |
| 2015-09-30 | -158.99% |
| 2015-06-30 | -108.19% |
| 2015-03-31 | -140.48% |
| 2014-12-31 | -108.27% |
| 2014-09-30 | -81.65% |
| 2014-06-30 | -97.25% |
| 2014-03-31 | -144.09% |
| 2013-12-31 | -118.50% |
| 2013-09-30 | -139.95% |
| 2013-06-30 | -92.79% |
| 2013-03-31 | -104.14% |
| 2012-12-31 | -110.34% |
| 2012-09-30 | -88.45% |
| 2012-06-30 | -69.39% |
| 2012-03-31 | -74.65% |
| 2011-12-31 | -425.88% |
| 2011-09-30 | -371.39% |
| 2011-06-30 | -487.41% |
| 2011-03-31 | -386.44% |
| 2010-12-31 | -273.83% |
| 2010-09-30 | -461.76% |
| 2010-06-30 | -738.96% |
| 2010-03-31 | -764.05% |
| 2009-12-31 | -363.88% |
| 2009-09-30 | -297.79% |
| 2009-06-30 | -256.01% |
| 2009-03-31 | -532.75% |
| 2008-12-31 | -1130.03% |
| 2008-09-30 | -1746.31% |
| 2008-06-30 | -1081.18% |
| 2008-03-31 | -1375.47% |
| 2007-12-31 | -647.41% |
| 2007-09-30 | -1051.19% |
| 2007-06-30 | -538.05% |
| 2007-03-31 | -409.80% |
| 2006-12-31 | -440.10% |
