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 18.36% is 27% above its 5-year average of 14.45%, near the high end of its 5-year range (10.59%–18.46%).
As of the fiscal period ended Tuesday, June 30, 2026. 6.07% above its 12-month average of 17.31%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q4 FY2026 (2026-06-30): 18.36%.
RETURN ON INVESTED CAPITAL (ROIC)
18.36%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
17.31%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
15.94%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
14.45%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
12.35%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
+6.07%
CURRENT VS 3Y AVG
+15.22%
CURRENT VS 5Y AVG
+27.08%
CURRENT VS 10Y AVG
+48.62%
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
+124.74%
vs the sector median at left
Paylocity Holding Corporation
Market Cap
$7.63B
Return on Invested Capital (ROIC)
18.36%
TTM Avg
17.31%
3Y Avg
15.94%
5Y Avg
14.45%
Market Cap
$7.89B
Return on Invested Capital (ROIC)
2.53%
TTM Avg
-2.96%
3Y Avg
-30.48%
5Y Avg
-34.20%
Market Cap
$7.97B
Return on Invested Capital (ROIC)
-3.49%
TTM Avg
-11.35%
3Y Avg
-13.11%
5Y Avg
-12.97%
Market Cap
$7.97B
Return on Invested Capital (ROIC)
-17.52%
TTM Avg
-18.38%
3Y Avg
-20.29%
5Y Avg
-20.97%
Market Cap
$7.98B
Return on Invested Capital (ROIC)
-9.02%
TTM Avg
-11.64%
3Y Avg
-19.22%
5Y Avg
-30.49%
Market Cap
$7.26B
Return on Invested Capital (ROIC)
7.81%
TTM Avg
11.75%
3Y Avg
11.13%
5Y Avg
10.92%
Market Cap
$7.20B
Return on Invested Capital (ROIC)
26.85%
TTM Avg
22.73%
3Y Avg
5.80%
5Y Avg
3.92%
Market Cap
$7.08B
Return on Invested Capital (ROIC)
-2.21%
TTM Avg
-4.08%
3Y Avg
-10.55%
5Y Avg
-11.25%
Market Cap
$6.99B
Return on Invested Capital (ROIC)
10.63%
TTM Avg
9.91%
3Y Avg
9.71%
5Y Avg
9.84%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Paylocity Holding Corporation (PCTY) | $7.63B | 18.36% | 17.31% | 15.94% | 14.45% |
| Zeta Global Holdings Corp. (ZETA)vs › | $7.89B | 2.53% | -2.96% | -30.48% | -34.20% |
| Applied Optoelectronics, Inc. (AAOI)vs › | $7.97B | -3.49% | -11.35% | -13.11% | -12.97% |
| SentinelOne, Inc. (S)vs › | $7.97B | -17.52% | -18.38% | -20.29% | -20.97% |
| GitLab Inc. (GTLB)vs › | $7.98B | -9.02% | -11.64% | -19.22% | -30.49% |
| Camtek Ltd. (CAMT)vs › | $7.26B | 7.81% | 11.75% | 11.13% | 10.92% |
| AppFolio Inc. (APPF)vs › | $7.20B | 26.85% | 22.73% | 5.80% | 3.92% |
| Applied Digital Corp. (APLD)vs › | $7.08B | -2.21% | -4.08% | -10.55% | -11.25% |
| Plexus Corp. (PLXS)vs › | $6.99B | 10.63% | 9.91% | 9.71% | 9.84% |
| UiPath Inc. (PATH)vs › | $6.80B | 7.40% | -2.59% | -7.26% | -12.59% |
ROIC
18.4%
ROE
22.1%
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 | 18.36% |
| 2026-03-31 | 18.29% |
| 2025-12-31 | 18.37% |
| 2025-09-30 | 17.42% |
| 2025-06-30 | 14.11% |
| 2025-03-31 | 13.35% |
| 2024-12-31 | 12.34% |
| 2024-09-30 | 12.74% |
| 2024-06-30 | 18.46% |
| 2024-03-31 | 16.74% |
| 2023-12-31 | 16.24% |
| 2023-09-30 | 15.79% |
| 2023-06-30 | 14.95% |
| 2023-03-31 | 14.06% |
| 2022-12-31 | 12.22% |
| 2022-09-30 | 11.91% |
| 2022-06-30 | 12.29% |
| 2022-03-31 | 11.68% |
| 2021-12-31 | 11.44% |
| 2021-09-30 | 12.05% |
| 2021-06-30 | 10.59% |
| 2021-03-31 | 10.52% |
| 2020-12-31 | 11.02% |
| 2020-09-30 | 11.21% |
| 2020-06-30 | 11.02% |
| 2020-03-31 | 14.76% |
| 2019-12-31 | 13.54% |
| 2019-09-30 | 14.44% |
| 2019-06-30 | 14.99% |
| 2019-03-31 | 12.72% |
| 2018-12-31 | 9.50% |
| 2018-09-30 | 7.48% |
| 2018-06-30 | 6.74% |
| 2018-03-31 | 7.84% |
| 2017-12-31 | 6.75% |
| 2017-09-30 | 5.92% |
| 2017-06-30 | 4.09% |
| 2017-03-31 | 3.52% |
| 2016-12-31 | -2.21% |
| 2016-09-30 | -2.14% |
| 2016-06-30 | -2.85% |
| 2016-03-31 | -2.20% |
| 2015-12-31 | -6.39% |
| 2015-09-30 | -11.29% |
| 2015-06-30 | -12.53% |
| 2015-03-31 | -14.17% |
| 2014-12-31 | -14.28% |
| 2014-09-30 | -12.27% |
| 2014-06-30 | -7.39% |
| 2014-03-31 | -1.64% |
