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 27.14% is 15% above its 5-year average of 23.70%, around the middle of its 5-year range (16.73%–32.37%).
As of the fiscal period ended Tuesday, June 30, 2026. 21.42% above its 12-month average of 22.35%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q1 FY2027 (2026-06-30): 27.14%.
RETURN ON INVESTED CAPITAL (ROIC)
27.14%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
22.35%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
24.24%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
23.70%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
19.14%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
16.65%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
17.20%
CURRENT VS TTM AVG
+21.42%
CURRENT VS 3Y AVG
+11.99%
CURRENT VS 5Y AVG
+14.55%
CURRENT VS 10Y AVG
+41.81%
CURRENT VS 15Y AVG
+62.99%
CURRENT VS 20Y AVG
+57.82%
SECTOR MEDIAN · TECHNOLOGY
2.82%
median of 494 covered companies
CURRENT VS SECTOR MEDIAN
+862.49%
vs the sector median at left
NVE Corporation
Market Cap
$565.36M
Return on Invested Capital (ROIC)
27.14%
TTM Avg
22.35%
3Y Avg
24.24%
5Y Avg
23.70%
Market Cap
$583.10M
Return on Invested Capital (ROIC)
21.85%
TTM Avg
21.97%
3Y Avg
18.20%
5Y Avg
14.91%
Market Cap
$540.94M
Return on Invested Capital (ROIC)
0.47%
TTM Avg
-0.70%
3Y Avg
-3.65%
5Y Avg
0.54%
Market Cap
$535.05M
Return on Invested Capital (ROIC)
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$597.69M
Return on Invested Capital (ROIC)
-0.25%
TTM Avg
-25.28%
3Y Avg
-17.75%
5Y Avg
-12.80%
Market Cap
$610.96M
Return on Invested Capital (ROIC)
23.03%
TTM Avg
29.91%
3Y Avg
14.48%
5Y Avg
7.93%
Market Cap
$609.57M
Return on Invested Capital (ROIC)
-18.86%
TTM Avg
-19.07%
3Y Avg
-19.85%
5Y Avg
-19.30%
Market Cap
$619.46M
Return on Invested Capital (ROIC)
-5.47%
TTM Avg
-2.42%
3Y Avg
-5.71%
5Y Avg
-1.28%
Market Cap
$633.54M
Return on Invested Capital (ROIC)
15.40%
TTM Avg
19.62%
3Y Avg
18.16%
5Y Avg
16.09%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| NVE Corporation (NVEC) | $565.36M | 27.14% | 22.35% | 24.24% | 23.70% |
| IBEX Limited (IBEX)vs › | $583.10M | 21.85% | 21.97% | 18.20% | 14.91% |
| Methode Electronics, Inc. (MEI)vs › | $540.94M | 0.47% | -0.70% | -3.65% | 0.54% |
| Braiin Ltd (BRAI)vs › | $535.05M | N/A | N/A | N/A | N/A |
| ADTRAN Holdings Inc. (ADTN)vs › | $597.69M | -0.25% | -25.28% | -17.75% | -12.80% |
| Docebo Inc. (DCBO)vs › | $610.96M | 23.03% | 29.91% | 14.48% | 7.93% |
| indie Semiconductor, Inc. (INDI)vs › | $609.57M | -18.86% | -19.07% | -19.85% | -19.30% |
| NETGEAR, Inc. (NTGR)vs › | $619.46M | -5.47% | -2.42% | -5.71% | -1.28% |
| Climb Global Solutions, Inc. (CLMB)vs › | $633.54M | 15.40% | 19.62% | 18.16% | 16.09% |
| Grid Dynamics Holdings, Inc. (GDYN)vs › | $636.22M | -0.19% | -0.20% | -1.69% | -2.80% |
ROIC
27.1%
ROE
30.1%
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 | 27.14% |
| 2026-03-31 | 22.68% |
| 2025-12-31 | 21.26% |
| 2025-09-30 | 19.96% |
| 2025-06-30 | 20.72% |
| 2025-03-31 | 21.17% |
| 2024-12-31 | 20.75% |
| 2024-09-30 | 22.30% |
| 2024-06-30 | 23.15% |
| 2024-03-31 | 23.57% |
| 2023-12-31 | 29.88% |
| 2023-09-30 | 30.11% |
| 2023-06-30 | 32.37% |
| 2023-03-31 | 31.86% |
| 2022-12-31 | 26.89% |
| 2022-09-30 | 25.76% |
| 2022-06-30 | 22.04% |
| 2022-03-31 | 20.82% |
| 2021-12-31 | 19.18% |
| 2021-09-30 | 19.25% |
| 2021-06-30 | 16.73% |
| 2021-03-31 | 14.64% |
| 2020-12-31 | 14.41% |
| 2020-09-30 | 13.84% |
| 2020-06-30 | 15.29% |
| 2020-03-31 | 16.55% |
| 2019-12-31 | 15.57% |
| 2019-09-30 | 14.96% |
| 2019-06-30 | 15.42% |
| 2019-03-31 | 15.76% |
| 2018-12-31 | 16.89% |
| 2018-09-30 | 16.91% |
| 2018-06-30 | 15.66% |
| 2018-03-31 | 14.84% |
| 2017-12-31 | 13.62% |
| 2017-09-30 | 13.32% |
| 2017-06-30 | 13.21% |
| 2017-03-31 | 12.76% |
| 2016-12-31 | 12.04% |
| 2016-09-30 | 10.81% |
| 2016-06-30 | 10.61% |
| 2016-03-31 | 11.10% |
| 2015-12-31 | 11.86% |
| 2015-09-30 | 11.71% |
| 2015-06-30 | 11.86% |
| 2015-03-31 | 11.88% |
| 2014-12-31 | 10.28% |
| 2014-09-30 | 10.53% |
| 2014-06-30 | 10.31% |
| 2014-03-31 | 9.33% |
| 2013-12-31 | 10.12% |
| 2013-09-30 | 10.48% |
| 2013-06-30 | 9.85% |
| 2013-03-31 | 10.89% |
| 2012-12-31 | 11.24% |
| 2012-09-30 | 10.91% |
| 2012-06-30 | 11.46% |
| 2012-03-31 | 12.00% |
| 2011-12-31 | 13.36% |
| 2011-09-30 | 15.25% |
| 2011-06-30 | 16.68% |
| 2011-03-31 | 17.13% |
| 2010-12-31 | 18.18% |
| 2010-09-30 | 18.22% |
| 2010-06-30 | 18.69% |
| 2010-03-31 | 19.51% |
| 2009-12-31 | 20.09% |
| 2009-09-30 | 20.76% |
| 2009-06-30 | 21.82% |
| 2009-03-31 | 21.62% |
| 2008-12-31 | 21.22% |
| 2008-09-30 | 20.76% |
| 2008-06-30 | 20.27% |
| 2008-03-31 | 20.68% |
| 2007-12-31 | 19.96% |
| 2007-09-30 | 19.29% |
| 2007-06-30 | 19.54% |
| 2007-03-31 | 18.21% |
| 2006-12-31 | 15.89% |
| 2006-09-30 | 14.19% |
| 2006-06-30 | 11.23% |
| 2006-03-31 | 9.30% |
| 2005-12-31 | 11.28% |
| 2005-09-30 | 11.46% |
| 2005-06-30 | 10.71% |
| 2005-03-31 | 10.23% |
| 2004-12-31 | 12.77% |
| 2004-09-30 | 15.10% |
| 2004-06-30 | 15.65% |
| 2004-03-31 | 14.89% |
| 2003-12-31 | 13.28% |
| 2003-09-30 | 10.14% |
| 2003-06-30 | 7.63% |
