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 15.90% is 3740% above its 5-year average of 0.41%, near the high end of its 5-year range (-18.13%–19.41%).
As of the fiscal period ended Tuesday, June 30, 2026. 10.33% below its 12-month average of 17.73%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 15.90%.
RETURN ON INVESTED CAPITAL (ROIC)
15.90%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
17.73%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
7.19%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
0.41%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
0.86%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
4.85%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
8.52%
CURRENT VS TTM AVG
-10.33%
CURRENT VS 3Y AVG
+121.19%
CURRENT VS 5Y AVG
+3740.22%
CURRENT VS 10Y AVG
+1742.20%
CURRENT VS 15Y AVG
+227.68%
CURRENT VS 20Y AVG
+86.58%
SECTOR MEDIAN · TECHNOLOGY
0.43%
median of 609 covered companies
CURRENT VS SECTOR MEDIAN
+3596.88%
vs the sector median at left
OneSpan Inc.
Market Cap
$681.40M
Return on Invested Capital (ROIC)
15.90%
TTM Avg
17.73%
3Y Avg
7.19%
5Y Avg
0.41%
Market Cap
$682.52M
Return on Invested Capital (ROIC)
-0.70%
TTM Avg
-9.50%
3Y Avg
-11.48%
5Y Avg
-9.30%
Market Cap
$669.18M
Return on Invested Capital (ROIC)
-3.95%
TTM Avg
-1.85%
3Y Avg
-1.98%
5Y Avg
-1.98%
Market Cap
$668.77M
Return on Invested Capital (ROIC)
17.68%
TTM Avg
19.29%
3Y Avg
19.32%
5Y Avg
19.45%
Market Cap
$695.84M
Return on Invested Capital (ROIC)
4.01%
TTM Avg
5.48%
3Y Avg
5.17%
5Y Avg
5.83%
Market Cap
$650.82M
Return on Invested Capital (ROIC)
3.34%
TTM Avg
0.31%
3Y Avg
-11.54%
5Y Avg
-6.79%
Market Cap
$718.10M
Return on Invested Capital (ROIC)
12.36%
TTM Avg
9.19%
3Y Avg
8.13%
5Y Avg
5.08%
Market Cap
$640.72M
Return on Invested Capital (ROIC)
13.53%
TTM Avg
12.61%
3Y Avg
8.79%
5Y Avg
7.62%
Market Cap
$634.41M
Return on Invested Capital (ROIC)
-0.19%
TTM Avg
-0.20%
3Y Avg
-1.69%
5Y Avg
-2.80%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| OneSpan Inc. (OSPN) | $681.40M | 15.90% | 17.73% | 7.19% | 0.41% |
| LightPath Technologies, Inc. (LPTH)vs › | $682.52M | -0.70% | -9.50% | -11.48% | -9.30% |
| WhiteFiber, Inc. Ordinary Shares (WYFI)vs › | $669.18M | -3.95% | -1.85% | -1.98% | -1.98% |
| Consensus Cloud Solutions, Inc. (CCSI)vs › | $668.77M | 17.68% | 19.29% | 19.32% | 19.45% |
| Gilat Satellite Networks Ltd. (GILT)vs › | $695.84M | 4.01% | 5.48% | 5.17% | 5.83% |
| Cognyte Software Ltd. (CGNT)vs › | $650.82M | 3.34% | 0.31% | -11.54% | -6.79% |
| TaskUs, Inc. (TASK)vs › | $718.10M | 12.36% | 9.19% | 8.13% | 5.08% |
| Priority Technology Holdings, Inc. (PRTH)vs › | $640.72M | 13.53% | 12.61% | 8.79% | 7.62% |
| Grid Dynamics Holdings, Inc. (GDYN)vs › | $634.41M | -0.19% | -0.20% | -1.69% | -2.80% |
| Stratasys Ltd. (SSYS)vs › | $743.13M | -8.60% | -8.20% | -7.75% | -15.26% |
ROIC
15.9%
ROE
25.0%
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 | 15.90% |
| 2026-03-31 | 16.83% |
| 2025-12-31 | 17.69% |
| 2025-09-30 | 18.83% |
| 2025-06-30 | 19.40% |
| 2025-03-31 | 19.40% |
| 2024-12-31 | 19.41% |
| 2024-09-30 | 13.96% |
| 2024-06-30 | 7.74% |
| 2024-03-31 | -3.58% |
| 2023-12-31 | -16.37% |
| 2023-09-30 | -18.13% |
| 2023-06-30 | -17.65% |
| 2023-03-31 | -11.80% |
| 2022-12-31 | -11.97% |
| 2022-09-30 | -13.10% |
| 2022-06-30 | -10.93% |
| 2022-03-31 | -10.21% |
| 2021-12-31 | -10.32% |
| 2021-09-30 | -8.29% |
| 2021-06-30 | -8.13% |
| 2021-03-31 | -5.34% |
| 2020-12-31 | -1.75% |
| 2020-09-30 | 0.49% |
| 2020-06-30 | 4.86% |
| 2020-03-31 | 4.58% |
| 2019-12-31 | 2.78% |
| 2019-09-30 | 2.78% |
| 2019-06-30 | -2.38% |
| 2019-03-31 | -2.53% |
| 2018-12-31 | 0.01% |
| 2018-09-30 | -0.58% |
| 2018-06-30 | 1.02% |
| 2018-03-31 | 1.43% |
| 2017-12-31 | 1.25% |
| 2017-09-30 | 2.41% |
| 2017-06-30 | 1.11% |
| 2017-03-31 | 2.60% |
| 2016-12-31 | 3.43% |
| 2016-09-30 | 3.14% |
| 2016-06-30 | 7.36% |
| 2016-03-31 | 11.79% |
| 2015-12-31 | 16.33% |
| 2015-09-30 | 20.20% |
| 2015-06-30 | 21.65% |
| 2015-03-31 | 20.07% |
| 2014-12-31 | 15.89% |
| 2014-09-30 | 12.77% |
| 2014-06-30 | 8.90% |
| 2014-03-31 | 6.46% |
| 2013-12-31 | 6.08% |
| 2013-09-30 | 5.71% |
| 2013-06-30 | 6.73% |
| 2013-03-31 | 10.33% |
| 2012-12-31 | 10.05% |
| 2012-09-30 | 16.19% |
| 2012-06-30 | 17.82% |
| 2012-03-31 | 14.87% |
| 2011-12-31 | 15.55% |
| 2011-09-30 | 13.35% |
| 2011-06-30 | 9.81% |
| 2011-03-31 | 9.12% |
| 2010-12-31 | 8.27% |
| 2010-09-30 | 6.51% |
| 2010-06-30 | 6.52% |
| 2010-03-31 | 6.28% |
| 2009-12-31 | 8.94% |
| 2009-09-30 | 7.45% |
| 2009-06-30 | 16.08% |
| 2009-03-31 | 23.66% |
| 2008-12-31 | 24.12% |
| 2008-09-30 | 25.55% |
| 2008-06-30 | 23.04% |
| 2008-03-31 | 24.89% |
| 2007-12-31 | 28.17% |
| 2007-09-30 | 31.65% |
| 2007-06-30 | 32.27% |
| 2007-03-31 | 30.15% |
| 2006-12-31 | 28.09% |
| 2006-09-30 | 27.47% |
| 2006-06-30 | 25.98% |
| 2006-03-31 | 27.43% |
| 2005-12-31 | 25.39% |
| 2005-09-30 | 21.31% |
| 2005-06-30 | 22.08% |
| 2005-03-31 | 24.36% |
| 2004-12-31 | 26.69% |
| 2004-09-30 | 26.05% |
| 2004-06-30 | 16.04% |
| 2004-03-31 | 12.49% |
| 2003-12-31 | 11.73% |
| 2003-09-30 | -10.85% |
| 2003-06-30 | -22.71% |
