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 7.97% is in line with its 5-year average of 8.57%, around the middle of its 5-year range (4.24%–10.36%).
As of the fiscal period ended Monday, August 31, 2026. 5.82% above its 12-month average of 7.53%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q3 FY2026 (2026-08-31): 7.97%.
RETURN ON INVESTED CAPITAL (ROIC)
7.97%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
7.53%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
6.97%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
8.57%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
8.33%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
8.09%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
7.67%
CURRENT VS TTM AVG
+5.82%
CURRENT VS 3Y AVG
+14.30%
CURRENT VS 5Y AVG
-7.00%
CURRENT VS 10Y AVG
-4.42%
CURRENT VS 15Y AVG
-1.52%
CURRENT VS 20Y AVG
+3.93%
SECTOR MEDIAN · TECHNOLOGY
0.80%
median of 591 covered companies
CURRENT VS SECTOR MEDIAN
+895.79%
vs the sector median at left
Progress Software Corporation
Market Cap
$1.51B
Return on Invested Capital (ROIC)
7.97%
TTM Avg
7.53%
3Y Avg
6.97%
5Y Avg
8.57%
Market Cap
$1.51B
Return on Invested Capital (ROIC)
-4.79%
TTM Avg
-9.23%
3Y Avg
-12.93%
5Y Avg
-12.95%
Market Cap
$1.51B
Return on Invested Capital (ROIC)
18.08%
TTM Avg
10.64%
3Y Avg
-3.24%
5Y Avg
-0.67%
Market Cap
$1.51B
Return on Invested Capital (ROIC)
-7.51%
TTM Avg
5.97%
3Y Avg
6.20%
5Y Avg
6.50%
Market Cap
$1.47B
Return on Invested Capital (ROIC)
4.88%
TTM Avg
-2.81%
3Y Avg
-2.57%
5Y Avg
3.31%
Market Cap
$1.44B
Return on Invested Capital (ROIC)
10.68%
TTM Avg
15.30%
3Y Avg
20.25%
5Y Avg
20.25%
Market Cap
$1.61B
Return on Invested Capital (ROIC)
4.58%
TTM Avg
2.00%
3Y Avg
0.53%
5Y Avg
-0.23%
Market Cap
$1.40B
Return on Invested Capital (ROIC)
4.77%
TTM Avg
-4.41%
3Y Avg
-11.76%
5Y Avg
-12.49%
Market Cap
$1.63B
Return on Invested Capital (ROIC)
8.70%
TTM Avg
8.18%
3Y Avg
-6.83%
5Y Avg
-18.77%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Progress Software Corporation (PRGS) | $1.51B | 7.97% | 7.53% | 6.97% | 8.57% |
| Alkami Technology, Inc. (ALKT)vs › | $1.51B | -4.79% | -9.23% | -12.93% | -12.95% |
| Pagaya Technologies Ltd. (PGY)vs › | $1.51B | 18.08% | 10.64% | -3.24% | -0.67% |
| Concentrix Corporation (CNXC)vs › | $1.51B | -7.51% | 5.97% | 6.20% | 6.50% |
| Corsair Gaming, Inc. (CRSR)vs › | $1.47B | 4.88% | -2.81% | -2.57% | 3.31% |
| Mega Fortune Company Limited (MGRT)vs › | $1.44B | 10.68% | 15.30% | 20.25% | 20.25% |
| EverCommerce Inc. (EVCM)vs › | $1.61B | 4.58% | 2.00% | 0.53% | -0.23% |
| PagerDuty, Inc. (PD)vs › | $1.40B | 4.77% | -4.41% | -11.76% | -12.49% |
| PicS N.V. (PICS)vs › | $1.63B | 8.70% | 8.18% | -6.83% | -18.77% |
| Vistance Networks, Inc. (VISN)vs › | $1.39B | 13.30% | 2.61% | 3.56% | 3.20% |
ROIC
8.0%
ROE
17.4%
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) |
|---|---|
| 2026-08-31 | 7.97% |
| 2026-05-31 | 7.66% |
| 2026-02-28 | 9.08% |
| 2025-11-30 | 8.33% |
| 2025-08-31 | 4.60% |
| 2025-05-31 | 4.75% |
| 2025-02-28 | 4.24% |
| 2024-11-30 | 4.35% |
| 2024-08-31 | 8.23% |
| 2024-05-31 | 7.88% |
| 2024-02-29 | 7.96% |
| 2023-11-30 | 7.71% |
| 2023-08-31 | 7.85% |
| 2023-05-31 | 7.72% |
| 2023-02-28 | 8.53% |
| 2022-11-30 | 9.74% |
| 2022-08-31 | 9.38% |
| 2022-05-31 | 10.36% |
| 2022-02-28 | 9.07% |
| 2021-11-30 | 8.94% |
| 2021-08-31 | 9.21% |
| 2021-05-31 | 8.51% |
| 2021-02-28 | 11.02% |
| 2020-11-30 | 11.14% |
| 2020-08-31 | 9.56% |
| 2020-05-31 | 8.61% |
| 2020-02-29 | 7.41% |
| 2019-11-30 | 5.70% |
| 2019-08-31 | 8.88% |
| 2019-05-31 | 8.87% |
| 2019-02-28 | 13.46% |
| 2018-11-30 | 14.23% |
| 2018-08-31 | 13.65% |
| 2018-05-31 | 12.80% |
| 2018-02-28 | 11.43% |
| 2017-11-30 | 7.80% |
| 2017-08-31 | -3.85% |
| 2017-05-31 | -5.03% |
| 2017-02-28 | -6.58% |
| 2016-11-30 | -5.25% |
| 2016-08-31 | 4.46% |
| 2016-05-31 | 4.04% |
| 2016-02-29 | 2.63% |
| 2015-11-30 | 1.18% |
| 2015-08-31 | 2.35% |
| 2015-05-31 | 4.73% |
| 2015-02-28 | 5.52% |
| 2014-11-30 | 9.34% |
| 2014-08-31 | 9.75% |
| 2014-05-31 | 8.77% |
| 2014-02-28 | 7.82% |
| 2013-11-30 | 7.88% |
| 2013-08-31 | 8.89% |
| 2013-05-31 | 8.13% |
| 2013-02-28 | 8.44% |
| 2012-11-30 | 8.46% |
| 2012-08-31 | 6.64% |
| 2012-05-31 | 7.57% |
| 2012-02-29 | 8.14% |
| 2011-11-30 | 9.44% |
| 2011-08-31 | 10.31% |
| 2011-05-31 | 9.71% |
| 2011-02-28 | 9.55% |
| 2010-11-30 | 6.58% |
| 2010-08-31 | 6.33% |
| 2010-05-31 | 5.63% |
| 2010-02-28 | 4.64% |
| 2009-11-30 | 5.72% |
| 2009-08-31 | 3.88% |
| 2009-05-31 | 4.98% |
| 2009-02-28 | 6.34% |
| 2008-11-30 | 7.88% |
| 2008-08-31 | 9.03% |
| 2008-05-31 | 8.61% |
| 2008-02-29 | 7.65% |
| 2007-11-30 | 6.97% |
| 2007-08-31 | 6.40% |
| 2007-05-31 | 5.97% |
| 2007-02-28 | 6.32% |
| 2006-11-30 | 5.84% |
| 2006-08-31 | 7.64% |
| 2006-05-31 | 8.74% |
| 2006-02-28 | 9.93% |
| 2005-11-30 | 11.37% |
| 2005-08-31 | 11.56% |
| 2005-05-31 | 12.01% |
| 2005-02-28 | 12.81% |
| 2004-11-30 | 11.45% |
| 2004-08-31 | 11.67% |
| 2004-05-31 | 11.35% |
| 2004-02-29 | 11.29% |
| 2003-11-30 | 11.59% |
| 2003-08-31 | 11.57% |
