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 8.11% is 138% above its 5-year average of 3.41%, near the high end of its 5-year range (-2.40%–8.11%).
As of the fiscal period ended Tuesday, June 30, 2026. 46.81% above its 12-month average of 5.52%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q3 FY2026 (2026-06-30): 8.11%.
RETURN ON INVESTED CAPITAL (ROIC)
8.11%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
5.52%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
2.82%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
3.41%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
2.79%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
0.74%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
-8.91%
CURRENT VS TTM AVG
+46.81%
CURRENT VS 3Y AVG
+187.31%
CURRENT VS 5Y AVG
+137.96%
CURRENT VS 10Y AVG
+190.62%
CURRENT VS 15Y AVG
+1003.12%
CURRENT VS 20Y AVG
+190.97%
SECTOR MEDIAN · TECHNOLOGY
2.82%
median of 494 covered companies
CURRENT VS SECTOR MEDIAN
+187.54%
vs the sector median at left
Mitek Systems, Inc.
Market Cap
$803.96M
Return on Invested Capital (ROIC)
8.11%
TTM Avg
5.52%
3Y Avg
2.82%
5Y Avg
3.41%
Market Cap
$805.87M
Return on Invested Capital (ROIC)
-25.08%
TTM Avg
-10.09%
3Y Avg
1.19%
5Y Avg
10.39%
Market Cap
$790.05M
Return on Invested Capital (ROIC)
2.61%
TTM Avg
2.47%
3Y Avg
-4.54%
5Y Avg
0.98%
Market Cap
$829.40M
Return on Invested Capital (ROIC)
-11.30%
TTM Avg
-30.35%
3Y Avg
-47.09%
5Y Avg
-37.35%
Market Cap
$850.15M
Return on Invested Capital (ROIC)
0.74%
TTM Avg
3.69%
3Y Avg
8.68%
5Y Avg
11.80%
Market Cap
$854.11M
Return on Invested Capital (ROIC)
0.76%
TTM Avg
5.96%
3Y Avg
3.00%
5Y Avg
-0.33%
Market Cap
$861.88M
Return on Invested Capital (ROIC)
12.95%
TTM Avg
12.96%
3Y Avg
13.16%
5Y Avg
9.20%
Market Cap
$875.01M
Return on Invested Capital (ROIC)
-0.01%
TTM Avg
-4.17%
3Y Avg
-1.81%
5Y Avg
1.62%
Market Cap
$897.02M
Return on Invested Capital (ROIC)
-12.60%
TTM Avg
-78.44%
3Y Avg
-46.70%
5Y Avg
-46.70%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Mitek Systems, Inc. (MITK) | $803.96M | 8.11% | 5.52% | 2.82% | 3.41% |
| HIVE Digital Technologies Ltd. (HIVE)vs › | $805.87M | -25.08% | -10.09% | 1.19% | 10.39% |
| Viant Technology Inc. (DSP)vs › | $790.05M | 2.61% | 2.47% | -4.54% | 0.98% |
| Backblaze, Inc. (BLZE)vs › | $829.40M | -11.30% | -30.35% | -47.09% | -37.35% |
| Playtika Holding Corp. (PLTK)vs › | $850.15M | 0.74% | 3.69% | 8.68% | 11.80% |
| Frequency Electronics, Inc. (FEIM)vs › | $854.11M | 0.76% | 5.96% | 3.00% | -0.33% |
| Daktronics, Inc. (DAKT)vs › | $861.88M | 12.95% | 12.96% | 13.16% | 9.20% |
| Alpha and Omega Semiconductor Limited (AOSL)vs › | $875.01M | -0.01% | -4.17% | -1.81% | 1.62% |
| Horizon Quantum Holdings Ltd. Class A Ordinary Shares (HQ)vs › | $897.02M | -12.60% | -78.44% | -46.70% | -46.70% |
| Daily Journal Corporation (DJCO)vs › | $904.30M | 3.08% | 1.24% | 1.20% | 0.78% |
ROIC
8.1%
ROE
9.0%
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 | 8.11% |
| 2026-03-31 | 6.45% |
| 2025-12-31 | 4.92% |
| 2025-09-30 | 3.16% |
| 2025-06-30 | 4.98% |
| 2025-03-31 | 4.43% |
| 2024-12-31 | 1.70% |
| 2024-09-30 | 0.60% |
| 2024-06-30 | -2.40% |
| 2024-03-31 | -2.09% |
| 2023-12-31 | 0.08% |
| 2023-09-30 | 3.41% |
| 2023-06-30 | 3.34% |
| 2023-03-31 | 3.79% |
| 2022-12-31 | 2.68% |
| 2022-09-30 | 2.90% |
| 2022-06-30 | 3.73% |
| 2022-03-31 | 4.48% |
| 2021-12-31 | 3.95% |
| 2021-09-30 | 3.16% |
| 2021-06-30 | 3.58% |
| 2021-03-31 | 3.05% |
| 2020-12-31 | 5.93% |
| 2020-09-30 | 5.09% |
| 2020-06-30 | 4.12% |
| 2020-03-31 | 2.34% |
| 2019-12-31 | 0.21% |
| 2019-09-30 | -3.96% |
| 2019-06-30 | -9.21% |
| 2019-03-31 | -9.64% |
| 2018-12-31 | -9.40% |
| 2018-09-30 | -7.31% |
| 2018-06-30 | -4.50% |
| 2018-03-31 | -1.74% |
| 2017-12-31 | 1.46% |
| 2017-09-30 | 4.45% |
| 2017-06-30 | 3.99% |
| 2017-03-31 | 4.79% |
| 2016-12-31 | 3.68% |
| 2016-09-30 | 4.55% |
| 2016-06-30 | 4.82% |
| 2016-03-31 | 4.51% |
| 2015-12-31 | 4.38% |
| 2015-09-30 | 6.03% |
| 2015-06-30 | 2.96% |
| 2015-03-31 | -4.05% |
| 2014-12-31 | -14.72% |
| 2014-09-30 | -21.73% |
| 2014-06-30 | -28.18% |
| 2014-03-31 | -28.90% |
| 2013-12-31 | -28.13% |
| 2013-09-30 | -27.00% |
| 2013-06-30 | -34.29% |
| 2013-03-31 | -69.20% |
| 2012-12-31 | -69.10% |
| 2012-09-30 | -57.86% |
| 2012-06-30 | -31.92% |
| 2012-03-31 | -16.07% |
| 2011-12-31 | 3.67% |
| 2011-09-30 | 1.42% |
| 2011-06-30 | 4.14% |
| 2011-03-31 | -3.81% |
| 2010-12-31 | -25.32% |
| 2010-09-30 | -22.29% |
| 2010-06-30 | -84.21% |
| 2010-03-31 | -39.27% |
| 2009-12-31 | -83.92% |
| 2009-09-30 | -753.49% |
| 2009-06-30 | -265.94% |
| 2009-03-31 | -211.58% |
| 2008-12-31 | -151.83% |
| 2008-09-30 | -54.37% |
| 2008-06-30 | -26.63% |
| 2008-03-31 | -25.57% |
| 2007-12-31 | -22.37% |
| 2007-09-30 | -20.36% |
| 2007-06-30 | -31.75% |
| 2007-03-31 | -42.45% |
| 2006-12-31 | -24.62% |
| 2006-09-30 | -15.62% |
| 2006-06-30 | 22.30% |
| 2006-03-31 | 48.08% |
| 2005-12-31 | 20.41% |
| 2005-09-30 | -9.10% |
| 2005-06-30 | -54.58% |
| 2005-03-31 | -501.23% |
| 2004-12-31 | -425.08% |
| 2004-09-30 | -225.94% |
| 2004-06-30 | -210.99% |
| 2004-03-31 | -371.34% |
| 2003-12-31 | -187.14% |
| 2003-09-30 | -84.97% |
| 2003-06-30 | -19.26% |
