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 -4.56% is 73% above its 5-year average of -16.92%, near the high end of its 5-year range (-28.97%–2.88%).
As of the fiscal period ended Tuesday, June 30, 2026. 6977.73% below its 12-month average of -0.06%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): -4.56%.
RETURN ON INVESTED CAPITAL (ROIC)
-4.56%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
-0.06%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
-10.11%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
-16.92%
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
-6977.73%
CURRENT VS 3Y AVG
+54.94%
CURRENT VS 5Y AVG
+73.07%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · INDUSTRIALS
3.84%
median of 399 covered companies
CURRENT VS SECTOR MEDIAN
-218.69%
vs the sector median at left
Microvast Holdings, Inc.
Market Cap
$206.49M
Return on Invested Capital (ROIC)
-4.56%
TTM Avg
-0.06%
3Y Avg
-10.11%
5Y Avg
-16.92%
Market Cap
$205.81M
Return on Invested Capital (ROIC)
-2.85%
TTM Avg
-2.40%
3Y Avg
-2.50%
5Y Avg
-11.09%
Market Cap
$210.67M
Return on Invested Capital (ROIC)
9.26%
TTM Avg
8.21%
3Y Avg
8.09%
5Y Avg
6.00%
Market Cap
$196.25M
Return on Invested Capital (ROIC)
2.41%
TTM Avg
1.60%
3Y Avg
-0.95%
5Y Avg
-0.54%
Market Cap
$220.34M
Return on Invested Capital (ROIC)
-2.26%
TTM Avg
0.56%
3Y Avg
2.28%
5Y Avg
3.37%
Market Cap
$221.07M
Return on Invested Capital (ROIC)
8.83%
TTM Avg
20.62%
3Y Avg
9.25%
5Y Avg
-7.12%
Market Cap
$181.93M
Return on Invested Capital (ROIC)
-24.39%
TTM Avg
-159.21%
3Y Avg
-694.94%
5Y Avg
-473.61%
Market Cap
$240.75M
Return on Invested Capital (ROIC)
0.25%
TTM Avg
1.81%
3Y Avg
2.56%
5Y Avg
3.84%
Market Cap
$242.93M
Return on Invested Capital (ROIC)
N/A
TTM Avg
-28.79%
3Y Avg
-80.25%
5Y Avg
-80.25%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Microvast Holdings, Inc. (MVST) | $206.49M | -4.56% | -0.06% | -10.11% | -16.92% |
| AIRO Group Holdings, Inc. Common Stock (AIRO)vs › | $205.81M | -2.85% | -2.40% | -2.50% | -11.09% |
| Energy Services of America Corporation (ESOA)vs › | $210.67M | 9.26% | 8.21% | 8.09% | 6.00% |
| Ampco-Pittsburgh Corp. (AP)vs › | $196.25M | 2.41% | 1.60% | -0.95% | -0.54% |
| Forrester Research, Inc. (FORR)vs › | $220.34M | -2.26% | 0.56% | 2.28% | 3.37% |
| FreightCar America, Inc. (RAIL)vs › | $221.07M | 8.83% | 20.62% | 9.25% | -7.12% |
| Draganfly Inc. (DPRO)vs › | $181.93M | -24.39% | -159.21% | -694.94% | -473.61% |
| AerSale Corporation (ASLE)vs › | $240.75M | 0.25% | 1.81% | 2.56% | 3.84% |
| BNB Standard Corp. (BNC)vs › | $242.93M | N/A | -28.79% | -80.25% | -80.25% |
| Lightbridge Corporation (LTBR)vs › | $243.62M | -12.26% | -21.83% | -25.42% | -31.16% |
ROIC
-4.6%
ROE
9.4%
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 | -4.56% |
| 2026-03-31 | -2.08% |
| 2025-12-31 | 1.17% |
| 2025-09-30 | 2.88% |
| 2025-06-30 | 2.26% |
| 2025-03-31 | -12.50% |
| 2024-12-31 | -18.71% |
| 2024-09-30 | -17.05% |
| 2024-06-30 | -23.77% |
| 2024-03-31 | -12.76% |
| 2023-12-31 | -13.58% |
| 2023-09-30 | -16.01% |
| 2023-06-30 | -16.80% |
| 2023-03-31 | -18.14% |
| 2022-12-31 | -19.54% |
| 2022-09-30 | -20.34% |
| 2022-06-30 | -28.97% |
| 2022-03-31 | -25.13% |
| 2021-12-31 | -21.71% |
| 2021-09-30 | -16.64% |
| 2021-06-30 | -16.36% |
| 2021-03-31 | -10.93% |
| 2020-12-31 | -10.02% |
| 2020-09-30 | -15.23% |
| 2020-06-30 | -12.02% |
| 2020-03-31 | -9.55% |
| 2019-12-31 | -4.13% |
