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 -12.53% is 75% above its 5-year average of -50.82%, near the high end of its 5-year range (-76.04%–-12.53%).
As of the fiscal period ended Tuesday, June 30, 2026. 68.43% above its 12-month average of -39.70%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): -12.53%.
RETURN ON INVESTED CAPITAL (ROIC)
-12.53%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
-39.70%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
-55.39%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
-50.82%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
-38.63%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
-32.04%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
-27.75%
CURRENT VS TTM AVG
+68.43%
CURRENT VS 3Y AVG
+77.37%
CURRENT VS 5Y AVG
+75.33%
CURRENT VS 10Y AVG
+67.55%
CURRENT VS 15Y AVG
+60.88%
CURRENT VS 20Y AVG
+54.83%
SECTOR MEDIAN · HEALTHCARE
-35.64%
median of 838 covered companies
CURRENT VS SECTOR MEDIAN
+64.83%
vs the sector median at left
Nektar Therapeutics
Market Cap
$1.14B
Return on Invested Capital (ROIC)
-12.53%
TTM Avg
-39.70%
3Y Avg
-55.39%
5Y Avg
-50.82%
Market Cap
$1.14B
Return on Invested Capital (ROIC)
3.72%
TTM Avg
3.50%
3Y Avg
1.32%
5Y Avg
-2.22%
Market Cap
$1.13B
Return on Invested Capital (ROIC)
1.81%
TTM Avg
7.83%
3Y Avg
4.30%
5Y Avg
3.30%
Market Cap
$1.13B
Return on Invested Capital (ROIC)
5.93%
TTM Avg
9.95%
3Y Avg
11.37%
5Y Avg
9.31%
Market Cap
$1.12B
Return on Invested Capital (ROIC)
-67.73%
TTM Avg
-67.73%
3Y Avg
-67.73%
5Y Avg
-67.73%
Market Cap
$1.10B
Return on Invested Capital (ROIC)
-139.11%
TTM Avg
-85.10%
3Y Avg
-62.90%
5Y Avg
-49.14%
Market Cap
$1.18B
Return on Invested Capital (ROIC)
-52.44%
TTM Avg
-96.82%
3Y Avg
-100.85%
5Y Avg
-77.97%
Market Cap
$1.10B
Return on Invested Capital (ROIC)
-4.77%
TTM Avg
-12.63%
3Y Avg
-16.63%
5Y Avg
-10.82%
Market Cap
$1.10B
Return on Invested Capital (ROIC)
-8.86%
TTM Avg
-9.81%
3Y Avg
-9.88%
5Y Avg
-6.15%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Nektar Therapeutics (NKTR) | $1.14B | -12.53% | -39.70% | -55.39% | -50.82% |
| GoodRx Holdings, Inc. (GDRX)vs › | $1.14B | 3.72% | 3.50% | 1.32% | -2.22% |
| Harrow Health, Inc. (HROW)vs › | $1.13B | 1.81% | 7.83% | 4.30% | 3.30% |
| Amphastar Pharmaceuticals, Inc. (AMPH)vs › | $1.13B | 5.93% | 9.95% | 11.37% | 9.31% |
| Avalyn Pharma Inc. Common Stock (AVLN)vs › | $1.12B | -67.73% | -67.73% | -67.73% | -67.73% |
| Replimune Group, Inc. (REPL)vs › | $1.10B | -139.11% | -85.10% | -62.90% | -49.14% |
| Damora Therapeutics, Inc. (DMRA)vs › | $1.18B | -52.44% | -96.82% | -100.85% | -77.97% |
| Tandem Diabetes Care, Inc. (TNDM)vs › | $1.10B | -4.77% | -12.63% | -16.63% | -10.82% |
| OPKO Health, Inc. (OPK)vs › | $1.10B | -8.86% | -9.81% | -9.88% | -6.15% |
| STAAR Surgical Company (STAA)vs › | $1.10B | 4.80% | -11.69% | -3.45% | 0.45% |
ROIC
-12.5%
ROE
-17.4%
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 | -12.53% |
| 2026-03-31 | -17.18% |
| 2025-12-31 | -53.11% |
| 2025-09-30 | -41.68% |
| 2025-06-30 | -74.01% |
| 2025-03-31 | -61.68% |
| 2024-12-31 | -43.39% |
| 2024-09-30 | -63.67% |
| 2024-06-30 | -57.19% |
| 2024-03-31 | -47.85% |
| 2023-12-31 | -76.04% |
| 2023-09-30 | -69.48% |
| 2023-06-30 | -59.44% |
| 2023-03-31 | -51.78% |
| 2022-12-31 | -37.40% |
| 2022-09-30 | -44.80% |
| 2022-06-30 | -51.31% |
| 2022-03-31 | -49.17% |
| 2021-12-31 | -43.23% |
| 2021-09-30 | -39.03% |
| 2021-06-30 | -34.94% |
| 2021-03-31 | -30.07% |
| 2020-12-31 | -26.70% |
| 2020-09-30 | -27.41% |
| 2020-06-30 | -25.46% |
| 2020-03-31 | -23.11% |
| 2019-12-31 | -23.45% |
| 2019-09-30 | -21.94% |
| 2019-06-30 | -21.68% |
| 2019-03-31 | 31.64% |
| 2018-12-31 | 33.19% |
| 2018-09-30 | 35.53% |
| 2018-06-30 | 41.86% |
| 2018-03-31 | -22.10% |
| 2017-12-31 | -13.17% |
| 2017-09-30 | -13.84% |
| 2017-06-30 | -42.19% |
| 2017-03-31 | -35.07% |
| 2016-12-31 | -22.72% |
| 2016-09-30 | -31.56% |
| 2016-06-30 | -20.00% |
| 2016-03-31 | -19.23% |
| 2015-12-31 | -6.66% |
| 2015-09-30 | -10.24% |
| 2015-06-30 | 11.29% |
| 2015-03-31 | 14.86% |
| 2014-12-31 | -4.37% |
| 2014-09-30 | -3.76% |
| 2014-06-30 | -25.84% |
| 2014-03-31 | -27.33% |
| 2013-12-31 | -35.81% |
| 2013-09-30 | -42.34% |
| 2013-06-30 | -47.84% |
| 2013-03-31 | -40.77% |
| 2012-12-31 | -33.68% |
| 2012-09-30 | -28.03% |
| 2012-06-30 | -19.90% |
| 2012-03-31 | -20.03% |
| 2011-12-31 | -22.70% |
| 2011-09-30 | -18.84% |
| 2011-06-30 | -15.57% |
| 2011-03-31 | -9.10% |
| 2010-12-31 | -6.18% |
| 2010-09-30 | -3.16% |
| 2010-06-30 | -8.47% |
| 2010-03-31 | -16.13% |
| 2009-12-31 | -22.52% |
| 2009-09-30 | -15.49% |
| 2009-06-30 | -15.94% |
| 2009-03-31 | -15.47% |
| 2008-12-31 | -16.79% |
| 2008-09-30 | -13.90% |
| 2008-06-30 | -10.39% |
| 2008-03-31 | -8.85% |
| 2007-12-31 | -5.74% |
| 2007-09-30 | -17.51% |
| 2007-06-30 | -17.98% |
| 2007-03-31 | -22.70% |
| 2006-12-31 | -22.55% |
| 2006-09-30 | -31.15% |
| 2006-06-30 | -30.51% |
| 2006-03-31 | -24.97% |
| 2005-12-31 | -23.13% |
| 2005-09-30 | -10.18% |
| 2005-06-30 | -13.63% |
| 2005-03-31 | -12.33% |
| 2004-12-31 | -10.70% |
| 2004-09-30 | -10.82% |
| 2004-06-30 | -9.94% |
| 2004-03-31 | -8.76% |
| 2003-12-31 | -11.58% |
| 2003-09-30 | -11.91% |
| 2003-06-30 | -12.98% |
