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 -2.26% is 81% above its 5-year average of -11.74%, near the high end of its 5-year range (-50.28%–17.46%).
As of the fiscal period ended Friday, July 31, 2026. 138.45% below its 12-month average of 5.87%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2027 (2026-07-31): -2.26%.
RETURN ON INVESTED CAPITAL (ROIC)
-2.26%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
5.87%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
5.34%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
-11.74%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
-19.50%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
-12.84%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
-7.60%
CURRENT VS TTM AVG
-138.45%
CURRENT VS 3Y AVG
-142.31%
CURRENT VS 5Y AVG
+80.76%
CURRENT VS 10Y AVG
+88.42%
CURRENT VS 15Y AVG
+82.41%
CURRENT VS 20Y AVG
+70.27%
SECTOR MEDIAN · TECHNOLOGY
2.54%
median of 504 covered companies
CURRENT VS SECTOR MEDIAN
-188.76%
vs the sector median at left
MIND Technology, Inc.
Market Cap
$42.04M
Return on Invested Capital (ROIC)
-2.26%
TTM Avg
5.87%
3Y Avg
5.34%
5Y Avg
-11.74%
Market Cap
$42.11M
Return on Invested Capital (ROIC)
-164.28%
TTM Avg
-117.80%
3Y Avg
-80.05%
5Y Avg
-60.05%
Market Cap
$41.92M
Return on Invested Capital (ROIC)
-24.12%
TTM Avg
-16.99%
3Y Avg
-30.47%
5Y Avg
-58.60%
Market Cap
$43.14M
Return on Invested Capital (ROIC)
-6.19%
TTM Avg
-46.51%
3Y Avg
-36.49%
5Y Avg
-34.90%
Market Cap
$39.59M
Return on Invested Capital (ROIC)
-134.27%
TTM Avg
-440.65%
3Y Avg
-440.65%
5Y Avg
-440.65%
Market Cap
$44.69M
Return on Invested Capital (ROIC)
-24.93%
TTM Avg
5.99%
3Y Avg
10.93%
5Y Avg
10.93%
Market Cap
$38.46M
Return on Invested Capital (ROIC)
-0.05%
TTM Avg
-368.15%
3Y Avg
-199.48%
5Y Avg
-159.63%
Market Cap
$38.35M
Return on Invested Capital (ROIC)
0.14%
TTM Avg
-17.30%
3Y Avg
-10.20%
5Y Avg
-7.99%
Market Cap
$37.69M
Return on Invested Capital (ROIC)
-49.00%
TTM Avg
-113.43%
3Y Avg
-414.47%
5Y Avg
-538.88%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| MIND Technology, Inc. (MIND) | $42.04M | -2.26% | 5.87% | 5.34% | -11.74% |
| Blaize Holdings Inc. (BZAI)vs › | $42.11M | -164.28% | -117.80% | -80.05% | -60.05% |
| Phunware, Inc. (PHUN)vs › | $41.92M | -24.12% | -16.99% | -30.47% | -58.60% |
| Pixelworks, Inc. (PXLW)vs › | $43.14M | -6.19% | -46.51% | -36.49% | -34.90% |
| Aether Holdings, Inc. Common Stock (ATHR)vs › | $39.59M | -134.27% | -440.65% | -440.65% | -440.65% |
| Health In Tech, Inc. (HIT)vs › | $44.69M | -24.93% | 5.99% | 10.93% | 10.93% |
| Brand Engagement Network, Inc. (BNAI)vs › | $38.46M | -0.05% | -368.15% | -199.48% | -159.63% |
| Comtech Telecommunications Corp. (CMTL)vs › | $38.35M | 0.14% | -17.30% | -10.20% | -7.99% |
| Diginex Limited (DGNX)vs › | $37.69M | -49.00% | -113.43% | -414.47% | -538.88% |
| GameSquare Holdings Inc. (GAME)vs › | $37.55M | -28.87% | -75.02% | -75.38% | -69.23% |
ROIC
-2.3%
ROE
-5.8%
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) |
|---|---|
| 2026-07-31 | -2.26% |
| 2026-04-30 | 4.65% |
| 2026-01-31 | 3.76% |
| 2025-10-31 | 7.75% |
| 2025-07-31 | 15.47% |
| 2025-04-30 | 12.09% |
| 2025-01-31 | 17.46% |
| 2024-10-31 | 16.76% |
| 2024-07-31 | 6.53% |
| 2024-04-30 | 1.85% |
| 2024-01-31 | 1.23% |
| 2023-10-31 | -5.50% |
| 2023-07-31 | -10.39% |
| 2023-04-30 | -12.73% |
| 2023-01-31 | -26.48% |
| 2022-10-31 | -50.28% |
| 2022-07-31 | -41.02% |
| 2022-04-30 | -43.41% |
| 2022-01-31 | -46.44% |
| 2021-10-31 | -49.41% |
| 2021-07-31 | -46.12% |
| 2021-04-30 | -47.65% |
| 2021-01-31 | -36.95% |
| 2020-10-31 | -24.90% |
| 2020-07-31 | -20.49% |
| 2020-04-30 | -16.19% |
| 2020-01-31 | -11.55% |
| 2019-10-31 | -17.27% |
| 2019-07-31 | -14.90% |
| 2019-04-30 | -19.42% |
| 2019-01-31 | -24.59% |
| 2018-10-31 | -27.69% |
| 2018-07-31 | -35.24% |
| 2018-04-30 | -33.99% |
| 2018-01-31 | -27.57% |
| 2017-10-31 | -29.76% |
| 2017-07-31 | -31.89% |
| 2017-04-30 | -34.61% |
| 2017-01-31 | -35.71% |
| 2016-10-31 | -33.62% |
| 2016-07-31 | -29.19% |
| 2016-04-30 | -27.00% |
| 2016-01-31 | -21.32% |
| 2015-10-31 | -16.07% |
| 2015-07-31 | -11.26% |
| 2015-04-30 | -7.35% |
| 2015-01-31 | -3.90% |
| 2014-10-31 | 1.11% |
| 2014-07-31 | 0.27% |
| 2014-04-30 | 0.94% |
| 2014-01-31 | 2.38% |
| 2013-10-31 | 3.36% |
| 2013-07-31 | 4.04% |
| 2013-04-30 | 5.95% |
| 2013-01-31 | 7.92% |
| 2012-10-31 | 13.26% |
| 2012-07-31 | 17.44% |
| 2012-04-30 | 14.14% |
| 2012-01-31 | 14.01% |
| 2011-10-31 | 10.79% |
| 2011-07-31 | 7.48% |
| 2011-04-30 | 7.03% |
| 2011-01-31 | 3.84% |
| 2010-10-31 | 3.15% |
| 2010-07-31 | 3.18% |
| 2010-04-30 | 2.76% |
| 2010-01-31 | 1.19% |
| 2009-10-31 | 0.65% |
| 2009-07-31 | 2.12% |
| 2009-04-30 | 4.78% |
| 2009-01-31 | 9.91% |
| 2008-10-31 | 12.89% |
| 2008-07-31 | 12.60% |
| 2008-04-30 | 12.77% |
| 2008-01-31 | 13.78% |
| 2007-10-31 | 11.17% |
| 2007-07-31 | 14.05% |
| 2007-04-30 | 13.34% |
| 2007-01-31 | 10.49% |
| 2006-10-31 | 13.15% |
| 2006-07-31 | 15.32% |
| 2006-04-30 | 15.73% |
| 2006-01-31 | 14.77% |
| 2005-10-31 | 16.50% |
| 2005-07-31 | 9.28% |
| 2005-04-30 | 7.59% |
| 2005-01-31 | 6.02% |
| 2004-10-31 | 0.35% |
| 2004-07-31 | 1.44% |
| 2004-04-30 | -3.98% |
| 2004-01-31 | -9.35% |
| 2003-10-31 | -14.19% |
| 2003-07-31 | -25.86% |
