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 3.56% is 77% below its 5-year average of 15.82%, near the low end of its 5-year range (3.56%–17.43%).
As of the fiscal period ended Tuesday, June 30, 2026. 59.30% below its 12-month average of 8.76%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 3.56%.
RETURN ON INVESTED CAPITAL (ROIC)
3.56%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
8.76%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
15.00%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
15.82%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
13.92%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
10.32%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
10.01%
CURRENT VS TTM AVG
-59.30%
CURRENT VS 3Y AVG
-76.23%
CURRENT VS 5Y AVG
-77.47%
CURRENT VS 10Y AVG
-74.39%
CURRENT VS 15Y AVG
-65.46%
CURRENT VS 20Y AVG
-64.40%
SECTOR MEDIAN · HEALTHCARE
8.75%
median of 90 covered companies
CURRENT VS SECTOR MEDIAN
-59.23%
vs the sector median at left
Molina Healthcare, Inc.
Market Cap
$10.06B
Return on Invested Capital (ROIC)
3.56%
TTM Avg
8.76%
3Y Avg
15.00%
5Y Avg
15.82%
Market Cap
$10.03B
Return on Invested Capital (ROIC)
10.49%
TTM Avg
5.87%
3Y Avg
5.79%
5Y Avg
6.13%
Market Cap
$10.28B
Return on Invested Capital (ROIC)
7.29%
TTM Avg
7.04%
3Y Avg
6.95%
5Y Avg
7.54%
Market Cap
$9.72B
Return on Invested Capital (ROIC)
6.53%
TTM Avg
6.69%
3Y Avg
7.80%
5Y Avg
8.31%
Market Cap
$10.41B
Return on Invested Capital (ROIC)
1.54%
TTM Avg
2.53%
3Y Avg
2.92%
5Y Avg
2.77%
Market Cap
$10.55B
Return on Invested Capital (ROIC)
8.90%
TTM Avg
10.00%
3Y Avg
10.19%
5Y Avg
11.72%
Market Cap
$9.38B
Return on Invested Capital (ROIC)
16.04%
TTM Avg
12.65%
3Y Avg
9.01%
5Y Avg
7.29%
Market Cap
$10.90B
Return on Invested Capital (ROIC)
4.76%
TTM Avg
4.09%
3Y Avg
3.90%
5Y Avg
4.30%
Market Cap
$10.98B
Return on Invested Capital (ROIC)
11.74%
TTM Avg
10.95%
3Y Avg
8.97%
5Y Avg
9.05%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Molina Healthcare, Inc. (MOH) | $10.06B | 3.56% | 8.76% | 15.00% | 15.82% |
| Globus Medical, Inc. (GMED)vs › | $10.03B | 10.49% | 5.87% | 5.79% | 6.13% |
| The Ensign Group, Inc. (ENSG)vs › | $10.28B | 7.29% | 7.04% | 6.95% | 7.54% |
| Henry Schein, Inc. (HSIC)vs › | $9.72B | 6.53% | 6.69% | 7.80% | 8.31% |
| Bio-Rad Laboratories, Inc. (BIO)vs › | $10.41B | 1.54% | 2.53% | 2.92% | 2.77% |
| Align Technology, Inc. (ALGN)vs › | $10.55B | 8.90% | 10.00% | 10.19% | 11.72% |
| Insulet Corp. (PODD)vs › | $9.38B | 16.04% | 12.65% | 9.01% | 7.29% |
| The Cooper Companies, Inc. (COO)vs › | $10.90B | 4.76% | 4.09% | 3.90% | 4.30% |
| Universal Health Services, Inc. (UHS)vs › | $10.98B | 11.74% | 10.95% | 8.97% | 9.05% |
| Bio-Techne Corporation (TECH)vs › | $11.36B | 7.86% | 5.36% | 7.03% | 8.47% |
ROIC
3.6%
ROE
-0.2%
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 | 3.56% |
| 2026-03-31 | 5.27% |
| 2025-12-31 | 7.64% |
| 2025-09-30 | 12.37% |
| 2025-06-30 | 14.95% |
| 2025-03-31 | 15.50% |
| 2024-12-31 | 16.38% |
| 2024-09-30 | 16.53% |
| 2024-06-30 | 15.57% |
| 2024-03-31 | 16.45% |
| 2023-12-31 | 17.43% |
| 2023-09-30 | 15.87% |
| 2023-06-30 | 16.30% |
| 2023-03-31 | 16.28% |
| 2022-12-31 | 16.01% |
| 2022-09-30 | 16.98% |
| 2022-06-30 | 16.02% |
| 2022-03-31 | 14.98% |
| 2021-12-31 | 14.88% |
| 2021-09-30 | 13.84% |
| 2021-06-30 | 15.04% |
| 2021-03-31 | 17.57% |
| 2020-12-31 | 16.53% |
| 2020-09-30 | 20.26% |
| 2020-06-30 | 20.99% |
| 2020-03-31 | 21.51% |
| 2019-12-31 | 22.39% |
| 2019-09-30 | 24.12% |
| 2019-06-30 | 25.35% |
| 2019-03-31 | 25.21% |
| 2018-12-31 | 25.43% |
| 2018-09-30 | 10.76% |
| 2018-06-30 | 3.43% |
| 2018-03-31 | -11.23% |
| 2017-12-31 | -15.56% |
| 2017-09-30 | -7.74% |
| 2017-06-30 | -2.61% |
| 2017-03-31 | 4.55% |
| 2016-12-31 | 5.02% |
| 2016-09-30 | 6.33% |
| 2016-06-30 | 5.92% |
| 2016-03-31 | 6.64% |
| 2015-12-31 | 6.64% |
| 2015-09-30 | 8.94% |
| 2015-06-30 | 7.52% |
| 2015-03-31 | 6.84% |
| 2014-12-31 | 4.69% |
| 2014-09-30 | 2.42% |
| 2014-06-30 | 2.16% |
| 2014-03-31 | 2.66% |
| 2013-12-31 | 3.97% |
| 2013-09-30 | 5.66% |
| 2013-06-30 | 5.16% |
| 2013-03-31 | 2.28% |
| 2012-12-31 | 1.76% |
| 2012-09-30 | -3.23% |
| 2012-06-30 | -0.78% |
| 2012-03-31 | 4.25% |
| 2011-12-31 | 4.19% |
| 2011-09-30 | 7.97% |
| 2011-06-30 | 7.88% |
| 2011-03-31 | 7.39% |
| 2010-12-31 | 6.83% |
| 2010-09-30 | 4.66% |
| 2010-06-30 | 3.90% |
| 2010-03-31 | 5.12% |
| 2009-12-31 | 5.38% |
| 2009-09-30 | 7.79% |
| 2009-06-30 | 8.92% |
| 2009-03-31 | 9.03% |
| 2008-12-31 | 8.90% |
| 2008-09-30 | 9.21% |
| 2008-06-30 | 9.36% |
| 2008-03-31 | 8.71% |
| 2007-12-31 | 8.22% |
| 2007-09-30 | 10.14% |
| 2007-06-30 | 9.34% |
| 2007-03-31 | 9.61% |
| 2006-12-31 | 9.26% |
| 2006-09-30 | 9.83% |
| 2006-06-30 | 8.90% |
| 2006-03-31 | 5.92% |
| 2005-12-31 | 7.02% |
| 2005-09-30 | 9.50% |
| 2005-06-30 | 12.23% |
| 2005-03-31 | 16.61% |
| 2004-12-31 | 16.29% |
| 2004-09-30 | 16.03% |
| 2004-06-30 | 15.65% |
| 2004-03-31 | 16.06% |
| 2003-12-31 | 19.30% |
