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 -36.37% is 57% above its 5-year average of -84.38%, near the high end of its 5-year range (-904.65%–64.51%).
As of the fiscal period ended Tuesday, June 30, 2026. 289.46% below its 12-month average of 19.20%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): -36.37%.
RETURN ON INVESTED CAPITAL (ROIC)
-36.37%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
19.20%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
-8.80%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
-84.38%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
-65.04%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
-52.79%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
-50.97%
CURRENT VS TTM AVG
-289.46%
CURRENT VS 3Y AVG
-313.45%
CURRENT VS 5Y AVG
+56.89%
CURRENT VS 10Y AVG
+44.08%
CURRENT VS 15Y AVG
+31.09%
CURRENT VS 20Y AVG
+28.63%
SECTOR MEDIAN · HEALTHCARE
-34.44%
median of 684 covered companies
CURRENT VS SECTOR MEDIAN
-5.63%
vs the sector median at left
Novavax, Inc.
Market Cap
$1.88B
Return on Invested Capital (ROIC)
-36.37%
TTM Avg
19.20%
3Y Avg
-8.80%
5Y Avg
-84.38%
Market Cap
$1.88B
Return on Invested Capital (ROIC)
-1.33%
TTM Avg
-1.10%
3Y Avg
-1.49%
5Y Avg
-1.29%
Market Cap
$1.89B
Return on Invested Capital (ROIC)
1.72%
TTM Avg
-1.08%
3Y Avg
-2.19%
5Y Avg
-2.71%
Market Cap
$1.89B
Return on Invested Capital (ROIC)
-44.21%
TTM Avg
-32.05%
3Y Avg
-35.56%
5Y Avg
-35.59%
Market Cap
$1.86B
Return on Invested Capital (ROIC)
-23.90%
TTM Avg
-49.28%
3Y Avg
-183.01%
5Y Avg
-156.37%
Market Cap
$1.84B
Return on Invested Capital (ROIC)
4.13%
TTM Avg
4.21%
3Y Avg
5.71%
5Y Avg
5.17%
Market Cap
$1.84B
Return on Invested Capital (ROIC)
-52.66%
TTM Avg
-61.09%
3Y Avg
-54.75%
5Y Avg
-42.45%
Market Cap
$1.84B
Return on Invested Capital (ROIC)
-26.88%
TTM Avg
-21.15%
3Y Avg
-18.76%
5Y Avg
-12.71%
Market Cap
$1.82B
Return on Invested Capital (ROIC)
9.81%
TTM Avg
8.38%
3Y Avg
8.16%
5Y Avg
8.82%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Novavax, Inc. (NVAX) | $1.88B | -36.37% | 19.20% | -8.80% | -84.38% |
| Azenta, Inc. (AZTA)vs › | $1.88B | -1.33% | -1.10% | -1.49% | -1.29% |
| BioLife Solutions, Inc. (BLFS)vs › | $1.89B | 1.72% | -1.08% | -2.19% | -2.71% |
| Agios Pharmaceuticals, Inc. (AGIO)vs › | $1.89B | -44.21% | -32.05% | -35.56% | -35.59% |
| Palvella Therapeutics, Inc. (PVLA)vs › | $1.86B | -23.90% | -49.28% | -183.01% | -156.37% |
| Astrana Health, Inc. (ASTH)vs › | $1.84B | 4.13% | 4.21% | 5.71% | 5.17% |
| Absci Corporation (ABSI)vs › | $1.84B | -52.66% | -61.09% | -54.75% | -42.45% |
| Novocure Ltd (NVCR)vs › | $1.84B | -26.88% | -21.15% | -18.76% | -12.71% |
| LeMaitre Vascular, Inc. (LMAT)vs › | $1.82B | 9.81% | 8.38% | 8.16% | 8.82% |
| Establishment Labs Holdings Inc. (ESTA)vs › | $1.94B | -6.53% | -15.76% | -21.33% | -21.68% |
ROIC
-36.4%
ROE
N/A
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 | -36.37% |
| 2026-03-31 | -9.53% |
| 2025-12-31 | 64.51% |
| 2025-09-30 | 40.55% |
| 2025-06-30 | 36.84% |
| 2025-03-31 | 46.29% |
| 2024-12-31 | -59.81% |
| 2024-09-30 | -55.56% |
| 2024-06-30 | -43.42% |
| 2024-03-31 | -71.47% |
| 2023-12-31 | -348.94% |
| 2023-09-30 | -332.41% |
| 2023-06-30 | -707.69% |
| 2022-12-31 | -521.56% |
| 2022-09-30 | -132.67% |
| 2022-06-30 | -177.74% |
| 2022-03-31 | -141.33% |
| 2021-12-31 | -904.65% |
| 2021-09-30 | -128.54% |
| 2021-06-30 | -84.81% |
| 2021-03-31 | -43.04% |
| 2020-12-31 | -41.56% |
| 2020-09-30 | -37.25% |
| 2020-06-30 | -11.63% |
| 2020-03-31 | -33.41% |
| 2019-12-31 | -81.94% |
| 2019-09-30 | -96.62% |
| 2019-06-30 | -111.76% |
| 2019-03-31 | -89.89% |
| 2018-12-31 | -107.07% |
| 2018-09-30 | -85.98% |
| 2018-06-30 | -72.05% |
| 2018-03-31 | -75.44% |
| 2017-12-31 | -75.04% |
| 2017-09-30 | -66.96% |
| 2017-06-30 | -69.10% |
| 2017-03-31 | -76.94% |
| 2016-12-31 | -82.07% |
| 2016-09-30 | -76.56% |
| 2016-06-30 | -59.53% |
| 2016-03-31 | -39.90% |
| 2015-12-31 | -50.73% |
| 2015-09-30 | -28.93% |
| 2015-06-30 | -24.26% |
| 2015-03-31 | -22.80% |
| 2014-12-31 | -34.51% |
| 2014-09-30 | -24.13% |
| 2014-06-30 | -20.91% |
| 2014-03-31 | -27.62% |
| 2013-12-31 | -24.07% |
| 2013-09-30 | -20.60% |
| 2013-06-30 | -47.73% |
| 2013-03-31 | -35.85% |
| 2012-12-31 | -32.66% |
| 2012-09-30 | -34.77% |
| 2012-06-30 | -31.90% |
| 2012-03-31 | -35.55% |
| 2011-12-31 | -36.56% |
| 2011-09-30 | -40.33% |
| 2011-06-30 | -51.19% |
| 2011-03-31 | -58.33% |
| 2010-12-31 | -59.53% |
| 2010-09-30 | -65.29% |
| 2010-06-30 | -71.63% |
| 2010-03-31 | -62.97% |
| 2009-12-31 | -48.14% |
| 2009-09-30 | -46.00% |
| 2009-06-30 | -49.67% |
| 2009-03-31 | -54.07% |
| 2008-12-31 | -48.17% |
| 2008-09-30 | -35.04% |
| 2008-06-30 | -38.81% |
| 2008-03-31 | -36.09% |
| 2007-12-31 | -35.11% |
| 2007-09-30 | -35.64% |
| 2007-06-30 | -29.36% |
| 2007-03-31 | -25.73% |
| 2006-12-31 | -20.98% |
| 2006-09-30 | -9.07% |
| 2006-06-30 | -5.99% |
| 2006-03-31 | -4.37% |
| 2005-12-31 | -11.41% |
| 2005-09-30 | -45.80% |
| 2005-06-30 | -46.76% |
| 2005-03-31 | -45.59% |
| 2004-12-31 | -34.65% |
| 2004-09-30 | -21.99% |
| 2004-06-30 | -27.27% |
| 2004-03-31 | -20.78% |
| 2003-12-31 | -19.97% |
| 2003-09-30 | -31.63% |
| 2003-06-30 | -35.47% |
