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 23.60% is 21% above its 5-year average of 19.42%, near the high end of its 5-year range (15.05%–25.62%).
As of the fiscal period ended Tuesday, June 30, 2026. 17.00% above its 12-month average of 20.17%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 23.60%.
RETURN ON INVESTED CAPITAL (ROIC)
23.60%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
20.17%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
21.14%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
19.42%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
20.97%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
+17.00%
CURRENT VS 3Y AVG
+11.62%
CURRENT VS 5Y AVG
+21.49%
CURRENT VS 10Y AVG
+12.55%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · TECHNOLOGY
8.17%
median of 193 covered companies
CURRENT VS SECTOR MEDIAN
+188.82%
vs the sector median at left
Paycom Software, Inc.
Market Cap
$10.04B
Return on Invested Capital (ROIC)
23.60%
TTM Avg
20.17%
3Y Avg
21.14%
5Y Avg
19.42%
Market Cap
$10.19B
Return on Invested Capital (ROIC)
8.56%
TTM Avg
5.01%
3Y Avg
6.78%
5Y Avg
7.91%
Market Cap
$10.64B
Return on Invested Capital (ROIC)
10.06%
TTM Avg
11.79%
3Y Avg
12.68%
5Y Avg
12.05%
Market Cap
$8.85B
Return on Invested Capital (ROIC)
-1.37%
TTM Avg
-2.59%
3Y Avg
-9.00%
5Y Avg
-12.88%
Market Cap
$8.78B
Return on Invested Capital (ROIC)
16.87%
TTM Avg
23.00%
3Y Avg
16.70%
5Y Avg
12.52%
Market Cap
$8.72B
Return on Invested Capital (ROIC)
14.56%
TTM Avg
13.93%
3Y Avg
11.15%
5Y Avg
7.19%
Market Cap
$11.69B
Return on Invested Capital (ROIC)
18.77%
TTM Avg
17.83%
3Y Avg
16.55%
5Y Avg
16.46%
Market Cap
$11.71B
Return on Invested Capital (ROIC)
7.31%
TTM Avg
6.11%
3Y Avg
8.46%
5Y Avg
9.85%
Market Cap
$8.34B
Return on Invested Capital (ROIC)
2.53%
TTM Avg
3.17%
3Y Avg
2.83%
5Y Avg
3.75%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Paycom Software, Inc. (PAYC) | $10.04B | 23.60% | 20.17% | 21.14% | 19.42% |
| Advanced Energy Industries, Inc. (AEIS)vs › | $10.19B | 8.56% | 5.01% | 6.78% | 7.91% |
| Nova Ltd. (NVMI)vs › | $10.64B | 10.06% | 11.79% | 12.68% | 12.05% |
| Elastic N.V. (ESTC)vs › | $8.85B | -1.37% | -2.59% | -9.00% | -12.88% |
| InterDigital, Inc. (IDCC)vs › | $8.78B | 16.87% | 23.00% | 16.70% | 12.52% |
| Rambus Inc. (RMBS)vs › | $8.72B | 14.56% | 13.93% | 11.15% | 7.19% |
| Jack Henry & Associates, Inc. (JKHY)vs › | $11.69B | 18.77% | 17.83% | 16.55% | 16.46% |
| Amkor Technology, Inc. (AMKR)vs › | $11.71B | 7.31% | 6.11% | 8.46% | 9.85% |
| Viavi Solutions Inc. (VIAV)vs › | $8.34B | 2.53% | 3.17% | 2.83% | 3.75% |
| GitLab Inc. (GTLB)vs › | $8.32B | -9.02% | -11.64% | -19.22% | -30.49% |
ROIC
23.6%
ROE
85.3%
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 | 23.60% |
| 2026-03-31 | 21.47% |
| 2025-12-31 | 18.38% |
| 2025-09-30 | 18.89% |
| 2025-06-30 | 18.50% |
| 2025-03-31 | 18.32% |
| 2024-12-31 | 25.12% |
| 2024-09-30 | 24.94% |
| 2024-06-30 | 25.62% |
| 2024-03-31 | 25.29% |
| 2023-12-31 | 19.58% |
| 2023-09-30 | 18.02% |
| 2023-06-30 | 17.11% |
| 2023-03-31 | 17.78% |
| 2022-12-31 | 17.93% |
| 2022-09-30 | 17.44% |
| 2022-06-30 | 17.07% |
| 2022-03-31 | 16.57% |
| 2021-12-31 | 15.83% |
| 2021-09-30 | 15.05% |
| 2021-06-30 | 15.39% |
| 2021-03-31 | 14.65% |
| 2020-12-31 | 16.10% |
| 2020-09-30 | 19.12% |
| 2020-06-30 | 21.86% |
| 2020-03-31 | 24.20% |
| 2019-12-31 | 24.58% |
| 2019-09-30 | 24.87% |
| 2019-06-30 | 25.11% |
| 2019-03-31 | 24.70% |
| 2018-12-31 | 27.53% |
| 2018-09-30 | 23.14% |
| 2018-06-30 | 24.19% |
| 2018-03-31 | 22.08% |
| 2017-12-31 | 47.58% |
| 2017-09-30 | 41.53% |
| 2017-06-30 | 36.07% |
| 2017-03-31 | 30.43% |
| 2016-12-31 | 24.55% |
| 2016-09-30 | 21.22% |
| 2016-06-30 | 20.49% |
| 2016-03-31 | 19.98% |
| 2015-12-31 | 14.33% |
| 2015-09-30 | 13.49% |
| 2015-06-30 | 13.29% |
| 2015-03-31 | 10.64% |
| 2014-12-31 | 7.61% |
| 2014-09-30 | 8.33% |
| 2014-06-30 | 6.11% |
| 2014-03-31 | 6.41% |
| 2013-12-31 | 9.45% |
| 2013-09-30 | 6.60% |
