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 -33.08% is 16% below its 1-year average of -28.54%, near the low end of its 1-year range (-33.08%–-23.99%).
As of the fiscal period ended Tuesday, June 30, 2026.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
Limited quarterly history available
ROIC needs at least three reported quarters before a meaningful chart is shown.
RETURN ON INVESTED CAPITAL (ROIC)
-33.08%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
N/A
CURRENT VS 3Y AVG
N/A
CURRENT VS 5Y AVG
N/A
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · INDUSTRIALS
3.96%
median of 388 covered companies
CURRENT VS SECTOR MEDIAN
-935.46%
vs the sector median at left
Merlin, Inc.
Market Cap
$151.06M
Return on Invested Capital (ROIC)
-33.08%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$151.25M
Return on Invested Capital (ROIC)
-14.65%
TTM Avg
-110.19%
3Y Avg
-110.19%
5Y Avg
-110.19%
Market Cap
$150.04M
Return on Invested Capital (ROIC)
2.18%
TTM Avg
4.26%
3Y Avg
6.19%
5Y Avg
6.35%
Market Cap
$146.36M
Return on Invested Capital (ROIC)
-2.21%
TTM Avg
-4.29%
3Y Avg
-0.74%
5Y Avg
-0.71%
Market Cap
$160.05M
Return on Invested Capital (ROIC)
-40.34%
TTM Avg
-60.16%
3Y Avg
-52.98%
5Y Avg
-101.23%
Market Cap
$137.90M
Return on Invested Capital (ROIC)
7.05%
TTM Avg
5.14%
3Y Avg
5.14%
5Y Avg
5.14%
Market Cap
$168.06M
Return on Invested Capital (ROIC)
7.37%
TTM Avg
-1.07%
3Y Avg
4.01%
5Y Avg
6.34%
Market Cap
$124.01M
Return on Invested Capital (ROIC)
-151.35%
TTM Avg
-204.59%
3Y Avg
-149.34%
5Y Avg
-105.36%
Market Cap
$181.57M
Return on Invested Capital (ROIC)
-24.39%
TTM Avg
-159.21%
3Y Avg
-694.94%
5Y Avg
-473.61%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Merlin, Inc. (MRLN) | $151.06M | -33.08% | N/A | N/A | N/A |
| Factorial Energy Inc. (FAC)vs › | $151.25M | -14.65% | -110.19% | -110.19% | -110.19% |
| The Eastern Company (EML)vs › | $150.04M | 2.18% | 4.26% | 6.19% | 6.35% |
| Hurco Companies, Inc. (HURC)vs › | $146.36M | -2.21% | -4.29% | -0.74% | -0.71% |
| NeoVolta Inc (NEOV)vs › | $160.05M | -40.34% | -60.16% | -52.98% | -101.23% |
| Capstone Energy+, Inc. (CEPL)vs › | $137.90M | 7.05% | 5.14% | 5.14% | 5.14% |
| EuroDry Ltd. (EDRY)vs › | $168.06M | 7.37% | -1.07% | 4.01% | 6.34% |
| Wheels Up Experience Inc. (UP)vs › | $124.01M | -151.35% | -204.59% | -149.34% | -105.36% |
| Draganfly Inc. (DPRO)vs › | $181.57M | -24.39% | -159.21% | -694.94% | -473.61% |
| Coda Octopus Group, Inc. (CODA)vs › | $121.89M | 7.73% | 5.53% | 6.46% | 7.08% |
ROIC
-33.1%
ROE
-235.8%
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) |
|---|---|
| 2026-06-30 | -33.08% |
| 2026-03-31 | -23.99% |
