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 -6.90% is in line with its 5-year average of -6.98%, around the middle of its 5-year range (-9.55%–-3.95%).
As of the fiscal period ended Tuesday, June 30, 2026. 48.61% below its 12-month average of -4.64%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
-6.90%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
-4.64%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
-6.51%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
-6.98%
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
-48.61%
CURRENT VS 3Y AVG
-5.98%
CURRENT VS 5Y AVG
+1.24%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · TECHNOLOGY
8.17%
median of 193 covered companies
CURRENT VS SECTOR MEDIAN
-184.40%
vs the sector median at left
Cloudflare, Inc.
Market Cap
$101.53B
Return on Invested Capital (ROIC)
-6.90%
TTM Avg
-4.64%
3Y Avg
-6.51%
5Y Avg
-6.98%
Market Cap
$101.14B
Return on Invested Capital (ROIC)
36.61%
TTM Avg
31.16%
3Y Avg
27.93%
5Y Avg
27.17%
Market Cap
$104.48B
Return on Invested Capital (ROIC)
63.79%
TTM Avg
50.00%
3Y Avg
28.59%
5Y Avg
18.74%
Market Cap
$107.18B
Return on Invested Capital (ROIC)
23.85%
TTM Avg
24.26%
3Y Avg
32.39%
5Y Avg
31.71%
Market Cap
$108.80B
Return on Invested Capital (ROIC)
17.13%
TTM Avg
18.32%
3Y Avg
20.20%
5Y Avg
20.44%
Market Cap
$114.96B
Return on Invested Capital (ROIC)
32.78%
TTM Avg
27.98%
3Y Avg
29.21%
5Y Avg
26.02%
Market Cap
$87.70B
Return on Invested Capital (ROIC)
7.20%
TTM Avg
5.97%
3Y Avg
7.71%
5Y Avg
7.86%
Market Cap
$86.26B
Return on Invested Capital (ROIC)
16.02%
TTM Avg
15.42%
3Y Avg
13.33%
5Y Avg
12.92%
Market Cap
$116.96B
Return on Invested Capital (ROIC)
-24.89%
TTM Avg
-27.77%
3Y Avg
-22.54%
5Y Avg
-19.06%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Cloudflare, Inc. (NET) | $101.53B | -6.90% | -4.64% | -6.51% | -6.98% |
| Adobe Inc. (ADBE)vs › | $101.14B | 36.61% | 31.16% | 27.93% | 27.17% |
| AppLovin Corporation (APP)vs › | $104.48B | 63.79% | 50.00% | 28.59% | 18.74% |
| Automatic Data Processing, Inc. (ADP)vs › | $107.18B | 23.85% | 24.26% | 32.39% | 31.71% |
| Accenture plc (ACN)vs › | $108.80B | 17.13% | 18.32% | 20.20% | 20.44% |
| Fortinet, Inc. (FTNT)vs › | $114.96B | 32.78% | 27.98% | 29.21% | 26.02% |
| ASE Technology Holding Co., Ltd. (ASX)vs › | $87.70B | 7.20% | 5.97% | 7.71% | 7.86% |
| Intuit Inc. (INTU)vs › | $86.26B | 16.02% | 15.42% | 13.33% | 12.92% |
| Snowflake Inc. (SNOW)vs › | $116.96B | -24.89% | -27.77% | -22.54% | -19.06% |
| Cadence Design Systems, Inc. (CDNS)vs › | $78.71B | 13.29% | 13.77% | 18.23% | 18.78% |
ROIC
-6.9%
ROE
-12.7%
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 | -6.90% |
| 2026-03-31 | -4.22% |
| 2025-12-31 | -4.16% |
| 2025-09-30 | -3.97% |
| 2025-06-30 | -3.95% |
| 2025-03-31 | -5.29% |
| 2024-12-31 | -6.17% |
| 2024-09-30 | -6.73% |
| 2024-06-30 | -7.38% |
| 2024-03-31 | -8.65% |
| 2023-12-31 | -8.46% |
| 2023-09-30 | -9.15% |
| 2023-06-30 | -9.55% |
| 2023-03-31 | -9.38% |
| 2022-12-31 | -9.19% |
| 2022-09-30 | -8.91% |
| 2022-06-30 | -8.06% |
| 2022-03-31 | -6.57% |
| 2021-12-31 | -6.09% |
| 2021-09-30 | -5.33% |
| 2021-06-30 | -8.52% |
| 2021-03-31 | -8.24% |
| 2020-12-31 | -8.62% |
| 2020-09-30 | -9.03% |
| 2020-06-30 | -10.60% |
| 2020-03-31 | -16.91% |
| 2019-12-31 | -14.45% |
| 2019-09-30 | -12.47% |
| 2019-06-30 | -43.20% |
| 2019-03-31 | -40.41% |
| 2018-12-31 | -35.78% |
