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 5.54% is 16% below its 5-year average of 6.59%, around the middle of its 5-year range (2.85%–10.00%).
As of the fiscal period ended Tuesday, June 30, 2026. 37.05% below its 12-month average of 8.80%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
5.54%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
8.80%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
8.36%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
6.59%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
2.93%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
-1.97%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
-37.05%
CURRENT VS 3Y AVG
-33.78%
CURRENT VS 5Y AVG
-15.95%
CURRENT VS 10Y AVG
+89.05%
CURRENT VS 15Y AVG
+381.75%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · TECHNOLOGY
8.17%
median of 193 covered companies
CURRENT VS SECTOR MEDIAN
-32.22%
vs the sector median at left
ServiceNow, Inc.
Market Cap
$137.56B
Return on Invested Capital (ROIC)
5.54%
TTM Avg
8.80%
3Y Avg
8.36%
5Y Avg
6.59%
Market Cap
$146.27B
Return on Invested Capital (ROIC)
8.19%
TTM Avg
5.55%
3Y Avg
4.63%
5Y Avg
4.45%
Market Cap
$146.66B
Return on Invested Capital (ROIC)
13.01%
TTM Avg
9.02%
3Y Avg
3.43%
5Y Avg
-2.77%
Market Cap
$115.87B
Return on Invested Capital (ROIC)
32.78%
TTM Avg
27.98%
3Y Avg
29.21%
5Y Avg
26.02%
Market Cap
$115.55B
Return on Invested Capital (ROIC)
-24.89%
TTM Avg
-27.77%
3Y Avg
-22.54%
5Y Avg
-19.06%
Market Cap
$109.60B
Return on Invested Capital (ROIC)
-6.90%
TTM Avg
-5.13%
3Y Avg
-6.98%
5Y Avg
-7.11%
Market Cap
$108.96B
Return on Invested Capital (ROIC)
17.13%
TTM Avg
18.32%
3Y Avg
20.20%
5Y Avg
20.44%
Market Cap
$106.69B
Return on Invested Capital (ROIC)
23.85%
TTM Avg
24.26%
3Y Avg
32.39%
5Y Avg
31.71%
Market Cap
$169.67B
Return on Invested Capital (ROIC)
40.19%
TTM Avg
39.70%
3Y Avg
19.73%
5Y Avg
12.92%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| ServiceNow, Inc. (NOW) | $137.56B | 5.54% | 8.80% | 8.36% | 6.59% |
| Corning Inc (GLW)vs › | $146.27B | 8.19% | 5.55% | 4.63% | 4.45% |
| Uber Technologies, Inc. (UBER)vs › | $146.66B | 13.01% | 9.02% | 3.43% | -2.77% |
| Fortinet, Inc. (FTNT)vs › | $115.87B | 32.78% | 27.98% | 29.21% | 26.02% |
| Snowflake Inc. (SNOW)vs › | $115.55B | -24.89% | -27.77% | -22.54% | -19.06% |
| Cloudflare, Inc. (NET)vs › | $109.60B | -6.90% | -5.13% | -6.98% | -7.11% |
| Accenture plc (ACN)vs › | $108.96B | 17.13% | 18.32% | 20.20% | 20.44% |
| Automatic Data Processing, Inc. (ADP)vs › | $106.69B | 23.85% | 24.26% | 32.39% | 31.71% |
| Western Digital Corporation (WDC)vs › | $169.67B | 40.19% | 39.70% | 19.73% | 12.92% |
| Shopify Inc. (SHOP)vs › | $169.77B | 11.67% | 8.12% | -0.45% | 0.23% |
ROIC
5.5%
ROE
13.3%
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 | 5.54% |
| 2026-03-31 | 9.62% |
| 2025-12-31 | 9.04% |
| 2025-09-30 | 10.00% |
| 2025-06-30 | 9.78% |
| 2025-03-31 | 9.60% |
| 2024-12-31 | 9.30% |
| 2024-09-30 | 8.91% |
| 2024-06-30 | 7.93% |
| 2024-03-31 | 9.04% |
| 2023-12-31 | 7.60% |
| 2023-09-30 | 6.82% |
| 2023-06-30 | 5.54% |
| 2023-03-31 | 4.18% |
| 2022-12-31 | 3.96% |
| 2022-09-30 | 2.85% |
| 2022-06-30 | 2.95% |
| 2022-03-31 | 3.76% |
| 2021-12-31 | 4.00% |
| 2021-09-30 | 3.98% |
| 2021-06-30 | 3.96% |
| 2021-03-31 | 3.64% |
| 2020-12-31 | 3.17% |
| 2020-09-30 | 4.31% |
| 2020-06-30 | 5.37% |
| 2020-03-31 | 3.08% |
| 2019-12-31 | 1.29% |
| 2019-09-30 | 0.54% |
| 2019-06-30 | -1.38% |
| 2019-03-31 | -1.65% |
| 2018-12-31 | -2.27% |
| 2018-09-30 | -2.90% |
| 2018-06-30 | -3.92% |
| 2018-03-31 | -3.73% |
| 2017-12-31 | -4.94% |
| 2017-09-30 | -6.25% |
| 2017-06-30 | -7.71% |
| 2017-03-31 | -13.70% |
| 2016-12-31 | -43.94% |
| 2016-09-30 | -47.01% |
| 2016-06-30 | -50.02% |
| 2016-03-31 | -52.83% |
| 2015-12-31 | -15.47% |
| 2015-09-30 | -16.75% |
| 2015-06-30 | -18.39% |
| 2015-03-31 | -17.83% |
| 2014-12-31 | -16.54% |
| 2014-09-30 | -15.19% |
| 2014-06-30 | -13.35% |
| 2014-03-31 | -10.43% |
| 2013-12-31 | -7.89% |
| 2013-09-30 | -18.17% |
| 2013-06-30 | -18.81% |
| 2013-03-31 | -15.66% |
| 2012-12-31 | -14.10% |
| 2012-09-30 | -14.95% |
| 2011-06-30 | 45.04% |
