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 8.17% is 20% above its 5-year average of 6.83%, near the high end of its 5-year range (-18.57%–14.15%).
As of the fiscal period ended Tuesday, June 30, 2026. 18.57% above its 12-month average of 6.89%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 8.17%.
RETURN ON INVESTED CAPITAL (ROIC)
8.17%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
6.89%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
-1.02%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
6.83%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
9.34%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
8.95%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
8.78%
CURRENT VS TTM AVG
+18.57%
CURRENT VS 3Y AVG
+903.02%
CURRENT VS 5Y AVG
+19.51%
CURRENT VS 10Y AVG
-12.60%
CURRENT VS 15Y AVG
-8.74%
CURRENT VS 20Y AVG
-6.97%
SECTOR MEDIAN · TECHNOLOGY
8.17%
median of 193 covered companies
CURRENT VS SECTOR MEDIAN
-0.04%
vs the sector median at left
MKS Inc.
Market Cap
$17.43B
Return on Invested Capital (ROIC)
8.17%
TTM Avg
6.89%
3Y Avg
-1.02%
5Y Avg
6.83%
Market Cap
$17.39B
Return on Invested Capital (ROIC)
10.35%
TTM Avg
9.27%
3Y Avg
8.53%
5Y Avg
11.34%
Market Cap
$17.46B
Return on Invested Capital (ROIC)
20.94%
TTM Avg
7.34%
3Y Avg
-9.33%
5Y Avg
-14.66%
Market Cap
$17.10B
Return on Invested Capital (ROIC)
5.60%
TTM Avg
5.80%
3Y Avg
5.73%
5Y Avg
5.34%
Market Cap
$17.82B
Return on Invested Capital (ROIC)
12.55%
TTM Avg
12.63%
3Y Avg
14.04%
5Y Avg
14.06%
Market Cap
$17.02B
Return on Invested Capital (ROIC)
24.31%
TTM Avg
16.21%
3Y Avg
20.54%
5Y Avg
21.80%
Market Cap
$16.79B
Return on Invested Capital (ROIC)
-15.57%
TTM Avg
-29.55%
3Y Avg
-26.12%
5Y Avg
-22.91%
Market Cap
$18.08B
Return on Invested Capital (ROIC)
-10.75%
TTM Avg
-10.02%
3Y Avg
-11.52%
5Y Avg
-11.90%
Market Cap
$18.10B
Return on Invested Capital (ROIC)
4.62%
TTM Avg
3.75%
3Y Avg
3.37%
5Y Avg
2.72%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| MKS Inc. (MKSI) | $17.43B | 8.17% | 6.89% | -1.02% | 6.83% |
| Zebra Technologies Corporation (ZBRA)vs › | $17.39B | 10.35% | 9.27% | 8.53% | 11.34% |
| Toast, Inc. (TOST)vs › | $17.46B | 20.94% | 7.34% | -9.33% | -14.66% |
| Dynatrace, Inc. (DT)vs › | $17.10B | 5.60% | 5.80% | 5.73% | 5.34% |
| CDW Corporation (CDW)vs › | $17.82B | 12.55% | 12.63% | 14.04% | 14.06% |
| BE Semiconductor Industries N.V. (BESIY)vs › | $17.02B | 24.31% | 16.21% | 20.54% | 21.80% |
| IonQ, Inc. (IONQ)vs › | $16.79B | -15.57% | -29.55% | -26.12% | -22.91% |
| Unity Software Inc. (U)vs › | $18.08B | -10.75% | -10.02% | -11.52% | -11.90% |
| Fidelity National Information Services, Inc. (FIS)vs › | $18.10B | 4.62% | 3.75% | 3.37% | 2.72% |
| Fortive Corporation (FTV)vs › | $16.74B | 6.83% | 7.05% | 6.70% | 6.02% |
ROIC
8.2%
ROE
14.7%
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 | 8.17% |
| 2026-03-31 | 7.23% |
| 2025-12-31 | 6.60% |
| 2025-09-30 | 6.19% |
| 2025-06-30 | 6.25% |
| 2025-03-31 | 6.42% |
| 2024-12-31 | 6.32% |
| 2024-09-30 | 4.64% |
| 2024-06-30 | 4.59% |
| 2024-03-31 | -17.53% |
| 2023-12-31 | -18.57% |
| 2023-09-30 | -16.86% |
| 2023-06-30 | -16.67% |
| 2023-03-31 | 3.41% |
| 2022-12-31 | 4.46% |
| 2022-09-30 | 4.78% |
| 2022-06-30 | 13.31% |
| 2022-03-31 | 14.05% |
| 2021-12-31 | 14.15% |
| 2021-09-30 | 13.87% |
| 2021-06-30 | 13.30% |
| 2021-03-31 | 11.70% |
| 2020-12-31 | 10.60% |
| 2020-09-30 | 9.01% |
| 2020-06-30 | 8.06% |
| 2020-03-31 | 7.31% |
| 2019-12-31 | 5.58% |
| 2019-09-30 | 6.42% |
| 2019-06-30 | 7.56% |
| 2019-03-31 | 10.02% |
| 2018-12-31 | 17.14% |
| 2018-09-30 | 17.94% |
| 2018-06-30 | 17.43% |
| 2018-03-31 | 15.80% |
| 2017-12-31 | 14.48% |
| 2017-09-30 | 13.27% |
| 2017-06-30 | 11.01% |
| 2017-03-31 | 9.16% |
| 2016-12-31 | 6.49% |
| 2016-09-30 | 4.83% |
| 2016-06-30 | 4.16% |
| 2016-03-31 | 8.66% |
| 2015-12-31 | 10.16% |
| 2015-09-30 | 10.89% |
| 2015-06-30 | 11.01% |
| 2015-03-31 | 10.22% |
| 2014-12-31 | 10.24% |
| 2014-09-30 | 9.08% |
| 2014-06-30 | 6.75% |
| 2014-03-31 | 5.48% |
| 2013-12-31 | 3.25% |
| 2013-09-30 | 1.78% |
| 2013-06-30 | 1.82% |
| 2013-03-31 | 2.90% |
| 2012-12-31 | 4.49% |
| 2012-09-30 | 6.24% |
| 2012-06-30 | 8.93% |
| 2012-03-31 | 10.92% |
| 2011-12-31 | 12.59% |
| 2011-09-30 | 13.95% |
| 2011-06-30 | 14.99% |
| 2011-03-31 | 15.03% |
| 2010-12-31 | 15.21% |
| 2010-09-30 | 13.60% |
| 2010-06-30 | 9.45% |
| 2010-03-31 | -12.14% |
| 2009-12-31 | -24.19% |
| 2009-09-30 | -29.70% |
| 2009-06-30 | -29.13% |
| 2009-03-31 | -3.70% |
| 2008-12-31 | 2.81% |
| 2008-09-30 | 5.09% |
| 2008-06-30 | 6.37% |
| 2008-03-31 | 7.48% |
| 2007-12-31 | 7.70% |
| 2007-09-30 | 8.48% |
| 2007-06-30 | 9.36% |
| 2007-03-31 | 10.06% |
| 2006-12-31 | 9.41% |
| 2006-09-30 | 8.21% |
| 2006-06-30 | 6.18% |
| 2006-03-31 | 4.77% |
| 2005-12-31 | 3.76% |
| 2005-09-30 | 4.46% |
| 2005-06-30 | 5.30% |
| 2005-03-31 | 6.69% |
| 2004-12-31 | 7.87% |
| 2004-09-30 | 5.76% |
| 2004-06-30 | 3.44% |
| 2004-03-31 | 0.58% |
| 2003-12-31 | -2.45% |
| 2003-09-30 | -4.61% |
| 2003-06-30 | -4.95% |