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 8.48% is 202% above its 5-year average of 2.81%, near the high end of its 5-year range (-3.28%–9.98%).
As of the fiscal period ended Tuesday, June 30, 2026. 8.72% below its 12-month average of 9.29%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
8.48%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
9.29%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
4.86%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
2.81%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
1.81%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
-8.72%
CURRENT VS 3Y AVG
+74.32%
CURRENT VS 5Y AVG
+201.58%
CURRENT VS 10Y AVG
+367.23%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · HEALTHCARE
8.90%
median of 85 covered companies
CURRENT VS SECTOR MEDIAN
-4.74%
vs the sector median at left
Penumbra, Inc.
Market Cap
$12.64B
Return on Invested Capital (ROIC)
8.48%
TTM Avg
9.29%
3Y Avg
4.86%
5Y Avg
2.81%
Market Cap
$12.38B
Return on Invested Capital (ROIC)
-14.34%
TTM Avg
-61.05%
3Y Avg
-59.83%
5Y Avg
-54.60%
Market Cap
$13.41B
Return on Invested Capital (ROIC)
-1.61%
TTM Avg
-0.86%
3Y Avg
-2.74%
5Y Avg
0.22%
Market Cap
$11.86B
Return on Invested Capital (ROIC)
13.42%
TTM Avg
12.59%
3Y Avg
14.85%
5Y Avg
11.33%
Market Cap
$11.48B
Return on Invested Capital (ROIC)
11.18%
TTM Avg
11.30%
3Y Avg
9.75%
5Y Avg
9.57%
Market Cap
$13.84B
Return on Invested Capital (ROIC)
2.52%
TTM Avg
4.09%
3Y Avg
3.90%
5Y Avg
4.30%
Market Cap
$13.89B
Return on Invested Capital (ROIC)
37.87%
TTM Avg
23.96%
3Y Avg
17.78%
5Y Avg
13.78%
Market Cap
$11.38B
Return on Invested Capital (ROIC)
8.90%
TTM Avg
10.00%
3Y Avg
10.19%
5Y Avg
11.72%
Market Cap
$11.35B
Return on Invested Capital (ROIC)
7.86%
TTM Avg
5.36%
3Y Avg
7.03%
5Y Avg
8.47%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Penumbra, Inc. (PEN) | $12.64B | 8.48% | 9.29% | 4.86% | 2.81% |
| Tempus AI, Inc. (TEM)vs › | $12.38B | -14.34% | -61.05% | -59.83% | -54.60% |
| Baxter International Inc. (BAX)vs › | $13.41B | -1.61% | -0.86% | -2.74% | 0.22% |
| Encompass Health Corporation (EHC)vs › | $11.86B | 13.42% | 12.59% | 14.85% | 11.33% |
| DaVita Inc. (DVA)vs › | $11.48B | 11.18% | 11.30% | 9.75% | 9.57% |
| The Cooper Companies, Inc. (COO)vs › | $13.84B | 2.52% | 4.09% | 3.90% | 4.30% |
| Exelixis, Inc. (EXEL)vs › | $13.89B | 37.87% | 23.96% | 17.78% | 13.78% |
| Align Technology, Inc. (ALGN)vs › | $11.38B | 8.90% | 10.00% | 10.19% | 11.72% |
| Bio-Techne Corporation (TECH)vs › | $11.35B | 7.86% | 5.36% | 7.03% | 8.47% |
| Globus Medical, Inc. (GMED)vs › | $11.13B | 10.49% | 5.87% | 5.79% | 6.13% |
ROIC
8.5%
ROE
10.5%
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 | 8.48% |
| 2026-03-31 | 9.35% |
| 2025-12-31 | 9.98% |
| 2025-09-30 | 9.69% |
| 2025-06-30 | 8.95% |
| 2025-03-31 | 2.20% |
| 2024-12-31 | 0.45% |
| 2024-09-30 | 0.12% |
| 2024-06-30 | -1.53% |
| 2024-03-31 | 5.44% |
| 2023-12-31 | 5.23% |
| 2023-09-30 | 2.74% |
| 2023-06-30 | 2.13% |
| 2023-03-31 | 0.80% |
| 2022-12-31 | 0.27% |
| 2022-09-30 | -3.28% |
| 2022-06-30 | -3.00% |
| 2022-03-31 | -2.13% |
| 2021-12-31 | -0.67% |
| 2021-09-30 | 3.59% |
| 2021-06-30 | 0.23% |
| 2021-03-31 | -3.58% |
| 2020-12-31 | -5.43% |
| 2020-09-30 | -3.79% |
| 2020-06-30 | 0.93% |
| 2020-03-31 | 6.41% |
| 2019-12-31 | 7.75% |
| 2019-09-30 | 7.97% |
| 2019-06-30 | 1.72% |
| 2019-03-31 | 1.25% |
| 2018-12-31 | -0.19% |
| 2018-09-30 | -0.84% |
| 2018-06-30 | 3.97% |
| 2018-03-31 | 1.65% |
| 2017-12-31 | 0.27% |
| 2017-09-30 | -0.94% |
| 2017-06-30 | -1.55% |
| 2017-03-31 | -1.38% |
| 2016-12-31 | -0.50% |
| 2016-09-30 | 0.37% |
| 2016-06-30 | 1.26% |
| 2016-03-31 | 0.46% |
| 2015-12-31 | 1.04% |
| 2015-09-30 | 0.64% |
| 2015-06-30 | 0.44% |
| 2015-03-31 | 3.12% |
| 2014-12-31 | 2.14% |
