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 16.59% is 12% below its 5-year average of 18.82%, near the low end of its 5-year range (15.81%–22.65%).
As of the fiscal period ended Saturday, July 4, 2026. 2.63% above its 12-month average of 16.17%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-07-04): 16.59%.
RETURN ON INVESTED CAPITAL (ROIC)
16.59%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
16.17%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
19.67%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
18.82%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
17.20%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
14.78%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
12.16%
CURRENT VS TTM AVG
+2.63%
CURRENT VS 3Y AVG
-15.68%
CURRENT VS 5Y AVG
-11.87%
CURRENT VS 10Y AVG
-3.53%
CURRENT VS 15Y AVG
+12.27%
CURRENT VS 20Y AVG
+36.43%
SECTOR MEDIAN · TECHNOLOGY
8.17%
median of 193 covered companies
CURRENT VS SECTOR MEDIAN
+103.06%
vs the sector median at left
Motorola Solutions, Inc.
Market Cap
$77.38B
Return on Invested Capital (ROIC)
16.59%
TTM Avg
16.17%
3Y Avg
19.67%
5Y Avg
18.82%
Market Cap
$76.09B
Return on Invested Capital (ROIC)
1.74%
TTM Avg
7.06%
3Y Avg
11.34%
5Y Avg
11.10%
Market Cap
$78.74B
Return on Invested Capital (ROIC)
0.23%
TTM Avg
0.17%
3Y Avg
-0.80%
5Y Avg
-0.85%
Market Cap
$79.69B
Return on Invested Capital (ROIC)
13.29%
TTM Avg
13.77%
3Y Avg
18.23%
5Y Avg
18.78%
Market Cap
$82.21B
Return on Invested Capital (ROIC)
6.18%
TTM Avg
3.59%
3Y Avg
4.35%
5Y Avg
4.42%
Market Cap
$72.12B
Return on Invested Capital (ROIC)
8.17%
TTM Avg
1.58%
3Y Avg
-2.18%
5Y Avg
0.95%
Market Cap
$86.79B
Return on Invested Capital (ROIC)
7.20%
TTM Avg
5.97%
3Y Avg
7.71%
5Y Avg
7.86%
Market Cap
$87.96B
Return on Invested Capital (ROIC)
16.02%
TTM Avg
15.42%
3Y Avg
13.33%
5Y Avg
12.92%
Market Cap
$61.46B
Return on Invested Capital (ROIC)
13.59%
TTM Avg
11.73%
3Y Avg
12.72%
5Y Avg
13.02%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Motorola Solutions, Inc. (MSI) | $77.38B | 16.59% | 16.17% | 19.67% | 18.82% |
| Synopsys, Inc. (SNPS)vs › | $76.09B | 1.74% | 7.06% | 11.34% | 11.10% |
| Datadog, Inc. (DDOG)vs › | $78.74B | 0.23% | 0.17% | -0.80% | -0.85% |
| Cadence Design Systems, Inc. (CDNS)vs › | $79.69B | 13.29% | 13.77% | 18.23% | 18.78% |
| Hewlett Packard Enterprise Company (HPE)vs › | $82.21B | 6.18% | 3.59% | 4.35% | 4.42% |
| Lumentum Holdings Inc. (LITE)vs › | $72.12B | 8.17% | 1.58% | -2.18% | 0.95% |
| ASE Technology Holding Co., Ltd. (ASX)vs › | $86.79B | 7.20% | 5.97% | 7.71% | 7.86% |
| Intuit Inc. (INTU)vs › | $87.96B | 16.02% | 15.42% | 13.33% | 12.92% |
| TE Connectivity plc (TEL)vs › | $61.46B | 13.59% | 11.73% | 12.72% | 13.02% |
| Monolithic Power Systems, Inc. (MPWR)vs › | $60.65B | 18.22% | 15.76% | 18.62% | 17.70% |
ROIC
16.6%
ROE
79.9%
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) |
|---|---|
| 2026-07-04 | 16.59% |
| 2026-04-04 | 16.23% |
| 2025-12-31 | 16.04% |
| 2025-09-27 | 15.81% |
| 2025-06-28 | 18.24% |
| 2025-03-29 | 22.00% |
| 2024-12-31 | 21.85% |
| 2024-09-28 | 22.65% |
| 2024-06-29 | 22.50% |
| 2024-03-30 | 22.05% |
| 2023-12-31 | 20.57% |
| 2023-09-30 | 21.59% |
| 2023-07-01 | 19.30% |
| 2023-04-01 | 18.09% |
| 2022-12-31 | 18.16% |
| 2022-10-01 | 16.64% |
| 2022-07-02 | 16.98% |
| 2022-04-02 | 17.78% |
| 2021-12-31 | 16.51% |
| 2021-10-02 | 16.95% |
| 2021-07-03 | 16.35% |
| 2021-04-03 | 15.66% |
| 2020-12-31 | 15.20% |
| 2020-09-26 | 18.13% |
| 2020-06-27 | 17.93% |
| 2020-03-28 | 18.57% |
| 2019-12-31 | 19.06% |
| 2019-09-28 | 16.96% |
| 2019-06-29 | 16.80% |
| 2019-03-30 | 16.31% |
| 2018-12-31 | 17.38% |
| 2018-09-29 | 11.07% |
| 2018-06-30 | 11.36% |
| 2018-03-31 | 11.01% |
| 2017-12-31 | 13.34% |
| 2017-09-30 | 13.30% |
| 2017-07-01 | 13.11% |
| 2017-04-01 | 13.01% |
| 2016-12-31 | 12.26% |
| 2016-10-01 | 11.32% |
| 2016-07-02 | 10.18% |
| 2016-04-02 | 9.78% |
| 2015-12-31 | 11.23% |
| 2015-10-03 | -14.09% |
| 2015-07-04 | -12.20% |
| 2015-04-04 | -13.34% |
| 2014-12-31 | -12.30% |
| 2014-09-27 | 7.41% |
| 2014-06-28 | 9.36% |
| 2014-03-29 | 11.28% |
| 2013-12-31 | 12.48% |
| 2013-09-28 | 11.64% |
| 2013-06-29 | 10.83% |
| 2013-03-30 | 9.90% |
| 2012-12-31 | 9.72% |
| 2012-09-29 | 8.38% |
| 2012-06-30 | 7.67% |
| 2012-03-31 | 6.66% |
| 2011-12-31 | 8.18% |
| 2011-10-01 | 8.20% |
| 2011-07-02 | 6.07% |
| 2011-04-02 | 5.14% |
| 2010-12-31 | 2.74% |
| 2010-10-02 | 2.03% |
| 2010-07-03 | 1.36% |
| 2010-04-03 | 1.29% |
| 2009-12-31 | -1.61% |
| 2009-10-03 | -12.16% |
| 2009-07-04 | -15.13% |
| 2009-04-04 | -15.33% |
| 2008-12-31 | -13.79% |
| 2008-09-27 | -3.43% |
| 2008-06-28 | -1.31% |
| 2008-03-29 | -2.02% |
| 2007-12-31 | -2.44% |
| 2007-09-29 | 0.94% |
| 2007-06-30 | 3.62% |
| 2007-03-31 | 9.11% |
| 2006-12-31 | 11.77% |
| 2006-09-30 | 14.73% |
| 2006-07-01 | 15.75% |
| 2006-04-01 | 13.90% |
| 2005-12-31 | 13.91% |
| 2005-10-01 | 13.65% |
| 2005-07-02 | 12.09% |
| 2005-04-02 | 12.99% |
| 2004-12-31 | 12.87% |
| 2004-10-02 | 7.44% |
| 2004-07-03 | 6.94% |
| 2004-04-03 | 4.67% |
| 2003-12-31 | 3.18% |
| 2003-09-27 | 3.09% |
| 2003-06-28 | 3.16% |
