Basis: Latest reported fiscal year. 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 8.98% is 47% above its 5-year average of 6.12%, near the high end of its 5-year range (3.12%–9.22%).
As of the fiscal period ended Wednesday, December 31, 2025. 1.32% below its 12-month average of 9.10%.
Annual fiscal-year return on invested capital; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
8.98%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
9.10%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
7.41%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
6.12%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
-2.54%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
0.62%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
-1.41%
CURRENT VS TTM AVG
-1.32%
CURRENT VS 3Y AVG
+21.15%
CURRENT VS 5Y AVG
+46.77%
CURRENT VS 10Y AVG
+453.54%
CURRENT VS 15Y AVG
+1343.40%
CURRENT VS 20Y AVG
+737.73%
SECTOR MEDIAN · TECHNOLOGY
8.09%
median of 175 covered companies
CURRENT VS SECTOR MEDIAN
+11.00%
vs the sector median at left
ServiceNow, Inc.
Market Cap
$102.12B
Return on Invested Capital (ROIC)
8.98%
TTM Avg
9.10%
3Y Avg
7.41%
5Y Avg
6.12%
Market Cap
$99.97B
Return on Invested Capital (ROIC)
24.66%
TTM Avg
32.02%
3Y Avg
35.59%
5Y Avg
31.77%
Market Cap
$93.11B
Return on Invested Capital (ROIC)
-4.10%
TTM Avg
-5.08%
3Y Avg
-6.88%
5Y Avg
-6.94%
Market Cap
$92.91B
Return on Invested Capital (ROIC)
-30.15%
TTM Avg
-27.70%
3Y Avg
-22.31%
5Y Avg
-18.89%
Market Cap
$111.63B
Return on Invested Capital (ROIC)
28.75%
TTM Avg
27.98%
3Y Avg
29.21%
5Y Avg
26.02%
Market Cap
$89.98B
Return on Invested Capital (ROIC)
14.11%
TTM Avg
13.77%
3Y Avg
18.23%
5Y Avg
18.78%
Market Cap
$89.95B
Return on Invested Capital (ROIC)
16.99%
TTM Avg
17.99%
3Y Avg
19.80%
5Y Avg
19.97%
Market Cap
$89.48B
Return on Invested Capital (ROIC)
36.69%
TTM Avg
31.05%
3Y Avg
27.82%
5Y Avg
27.06%
Market Cap
$87.87B
Return on Invested Capital (ROIC)
-0.74%
TTM Avg
0.17%
3Y Avg
-0.79%
5Y Avg
-0.84%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| ServiceNow, Inc. (NOW) | $102.12B | 8.98% | 9.10% | 7.41% | 6.12% |
| Automatic Data Processing, Inc. (ADP)vs › | $99.97B | 24.66% | 32.02% | 35.59% | 31.77% |
| Cloudflare, Inc. (NET)vs › | $93.11B | -4.10% | -5.08% | -6.88% | -6.94% |
| Snowflake Inc. (SNOW)vs › | $92.91B | -30.15% | -27.70% | -22.31% | -18.89% |
| Fortinet, Inc. (FTNT)vs › | $111.63B | 28.75% | 27.98% | 29.21% | 26.02% |
| Cadence Design Systems, Inc. (CDNS)vs › | $89.98B | 14.11% | 13.77% | 18.23% | 18.78% |
| Accenture plc (ACN)vs › | $89.95B | 16.99% | 17.99% | 19.80% | 19.97% |
| Adobe Inc. (ADBE)vs › | $89.48B | 36.69% | 31.05% | 27.82% | 27.06% |
| Datadog, Inc. (DDOG)vs › | $87.87B | -0.74% | 0.17% | -0.79% | -0.84% |
| Intuit Inc. (INTU)vs › | $81.06B | 14.78% | 13.40% | 11.41% | 13.64% |
ROIC
9.0%
ROE
8.9%
ROIC = NOPAT / Invested Capital
Return on invested capital measures the after-tax return a company earns on all capital (debt and equity) invested in the business.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | RETURN ON INVESTED CAPITAL (ROIC) |
|---|---|
| 2025-12-31 | 8.98% |
| 2024-12-31 | 9.22% |
| 2023-12-31 | 7.54% |
| 2022-12-31 | 3.91% |
| 2021-12-31 | 3.94% |
| 2020-12-31 | 3.12% |
| 2019-12-31 | 1.26% |
| 2018-12-31 | -1.56% |
| 2017-12-31 | -4.94% |
| 2016-12-31 | -43.94% |
| 2015-12-31 | -15.47% |
| 2014-12-31 | -16.54% |
| 2013-12-31 | -7.89% |
| 2012-12-31 | -14.10% |
| 2011-12-31 | 31.24% |
| 2010-12-31 | -135.83% |
| 2009-06-30 | 0.00% |
| 2008-06-30 | 0.00% |
| 2007-06-30 | 0.00% |
