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 20.63% is 20% above its 5-year average of 17.16%, near the high end of its 5-year range (11.70%–20.63%).
As of the fiscal period ended Friday, July 31, 2026. 6.00% above its 12-month average of 19.46%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
20.63%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
19.46%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
17.74%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
17.16%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
15.08%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
12.71%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
11.56%
CURRENT VS TTM AVG
+6.00%
CURRENT VS 3Y AVG
+16.29%
CURRENT VS 5Y AVG
+20.20%
CURRENT VS 10Y AVG
+36.78%
CURRENT VS 15Y AVG
+62.36%
CURRENT VS 20Y AVG
+78.54%
SECTOR MEDIAN · TECHNOLOGY
8.17%
median of 193 covered companies
CURRENT VS SECTOR MEDIAN
+152.52%
vs the sector median at left
NetApp, Inc.
Market Cap
$37.11B
Return on Invested Capital (ROIC)
20.63%
TTM Avg
19.46%
3Y Avg
17.74%
5Y Avg
17.16%
Market Cap
$37.94B
Return on Invested Capital (ROIC)
29.75%
TTM Avg
21.92%
3Y Avg
15.57%
5Y Avg
11.93%
Market Cap
$35.13B
Return on Invested Capital (ROIC)
61.23%
TTM Avg
67.38%
3Y Avg
55.51%
5Y Avg
65.21%
Market Cap
$39.85B
Return on Invested Capital (ROIC)
5.01%
TTM Avg
2.13%
3Y Avg
8.76%
5Y Avg
8.73%
Market Cap
$39.88B
Return on Invested Capital (ROIC)
-2.34%
TTM Avg
-6.30%
3Y Avg
-8.21%
5Y Avg
-1.47%
Market Cap
$39.93B
Return on Invested Capital (ROIC)
6.01%
TTM Avg
5.56%
3Y Avg
5.30%
5Y Avg
5.10%
Market Cap
$34.28B
Return on Invested Capital (ROIC)
3.06%
TTM Avg
0.38%
3Y Avg
-2.90%
5Y Avg
-4.08%
Market Cap
$33.63B
Return on Invested Capital (ROIC)
6.72%
TTM Avg
2.99%
3Y Avg
2.59%
5Y Avg
1.17%
Market Cap
$32.73B
Return on Invested Capital (ROIC)
18.48%
TTM Avg
22.49%
3Y Avg
19.41%
5Y Avg
15.96%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| NetApp, Inc. (NTAP) | $37.11B | 20.63% | 19.46% | 17.74% | 17.16% |
| Celestica Inc. (CLS)vs › | $37.94B | 29.75% | 21.92% | 15.57% | 11.93% |
| Ubiquiti Inc. (UI)vs › | $35.13B | 61.23% | 67.38% | 55.51% | 65.21% |
| Microchip Technology Incorporated (MCHP)vs › | $39.85B | 5.01% | 2.13% | 8.76% | 8.73% |
| Take-Two Interactive Software, Inc. (TTWO)vs › | $39.88B | -2.34% | -6.30% | -8.21% | -1.47% |
| Roper Technologies, Inc. (ROP)vs › | $39.93B | 6.01% | 5.56% | 5.30% | 5.10% |
| Twilio Inc. (TWLO)vs › | $34.28B | 3.06% | 0.38% | -2.90% | -4.08% |
| Everpure, Inc. (P)vs › | $33.63B | 6.72% | 2.99% | 2.59% | 1.17% |
| Jabil Inc. (JBL)vs › | $32.73B | 18.48% | 22.49% | 19.41% | 15.96% |
| Roblox Corporation (RBLX)vs › | $32.02B | -27.89% | -29.00% | -32.58% | -32.33% |
ROIC
20.6%
ROE
94.8%
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) |
|---|---|
| 2026-07-31 | 20.63% |
| 2026-04-24 | 19.23% |
| 2026-01-23 | 18.92% |
| 2025-10-24 | 19.07% |
| 2025-07-25 | 18.83% |
| 2025-04-25 | 16.59% |
| 2025-01-24 | 19.72% |
| 2024-10-25 | 20.25% |
| 2024-07-26 | 17.47% |
| 2024-04-30 | 15.33% |
| 2024-01-26 | 15.13% |
| 2023-10-27 | 11.70% |
| 2023-07-28 | 15.63% |
| 2023-04-30 | 16.03% |
| 2023-01-27 | 15.86% |
| 2022-10-28 | 18.03% |
| 2022-07-29 | 15.73% |
| 2022-04-30 | 15.66% |
| 2022-01-28 | 17.11% |
| 2021-10-29 | 16.36% |
| 2021-07-30 | 14.76% |
| 2021-04-30 | 13.24% |
| 2021-01-29 | 11.55% |
| 2020-10-30 | 13.39% |
| 2020-07-31 | 14.92% |
| 2020-04-30 | 18.52% |
| 2020-01-24 | 21.11% |
| 2019-10-25 | 20.05% |
| 2019-07-26 | 18.75% |
| 2019-04-30 | 20.38% |
| 2019-01-25 | 18.03% |
| 2018-10-26 | 12.11% |
| 2018-07-27 | 10.80% |
| 2018-04-30 | 9.33% |
| 2018-01-26 | 8.68% |
| 2017-10-27 | 8.43% |
| 2017-07-28 | 8.28% |
| 2017-04-30 | 7.59% |
| 2017-01-27 | 4.95% |
| 2016-10-28 | 5.18% |
| 2016-07-29 | 5.25% |
| 2016-04-30 | 3.20% |
| 2016-01-29 | 5.85% |
| 2015-10-30 | 6.36% |
| 2015-07-31 | 7.09% |
| 2015-04-30 | 8.41% |
| 2015-01-23 | 9.26% |
| 2014-10-24 | 9.51% |
| 2014-07-25 | 8.99% |
| 2014-04-30 | 9.69% |
| 2014-01-24 | 9.50% |
| 2013-10-25 | 8.90% |
| 2013-07-26 | 8.35% |
| 2013-04-30 | 6.25% |
| 2013-01-25 | 6.37% |
| 2012-10-26 | 8.34% |
| 2012-07-27 | 9.35% |
| 2012-04-30 | 8.79% |
| 2012-01-27 | 9.18% |
| 2011-10-28 | 10.41% |
| 2011-07-29 | 10.33% |
| 2011-04-30 | 12.98% |
| 2011-01-28 | 11.25% |
| 2010-10-29 | 10.97% |
| 2010-07-30 | 10.51% |
| 2010-04-30 | 9.54% |
| 2010-01-29 | 8.15% |
| 2009-10-30 | 3.21% |
| 2009-07-31 | 2.06% |
| 2009-04-30 | 1.24% |
| 2009-01-23 | 2.62% |
| 2008-10-24 | 7.18% |
| 2008-07-25 | 7.32% |
| 2008-04-30 | 9.55% |
| 2008-01-25 | 9.52% |
| 2007-10-26 | 8.46% |
| 2007-07-27 | 8.84% |
| 2007-04-30 | 9.75% |
| 2007-01-26 | 8.94% |
| 2006-10-27 | 9.58% |
| 2006-07-28 | 9.19% |
| 2006-04-30 | 9.34% |
| 2006-01-27 | 11.35% |
| 2005-10-28 | 10.99% |
| 2005-07-29 | 11.34% |
| 2005-04-30 | 11.17% |
| 2005-01-28 | 10.22% |
| 2004-10-29 | 10.07% |
| 2004-07-30 | 10.24% |
| 2004-04-30 | 9.22% |
| 2004-01-30 | 10.28% |
| 2003-10-31 | 9.41% |
| 2003-08-01 | 7.16% |
