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 30.65% is in line with its 5-year average of 28.89%, near the high end of its 5-year range (13.64%–33.62%).
As of the fiscal period ended Tuesday, June 30, 2026. 6.45% above its 12-month average of 28.79%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 30.65%.
RETURN ON INVESTED CAPITAL (ROIC)
30.65%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
28.79%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
30.05%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
28.89%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
19.47%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
15.57%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
+6.45%
CURRENT VS 3Y AVG
+1.99%
CURRENT VS 5Y AVG
+6.11%
CURRENT VS 10Y AVG
+57.41%
CURRENT VS 15Y AVG
+96.86%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · TECHNOLOGY
7.81%
median of 213 covered companies
CURRENT VS SECTOR MEDIAN
+292.46%
vs the sector median at left
Qualys, Inc.
Market Cap
$6.81B
Return on Invested Capital (ROIC)
30.65%
TTM Avg
28.79%
3Y Avg
30.05%
5Y Avg
28.89%
Market Cap
$6.73B
Return on Invested Capital (ROIC)
10.85%
TTM Avg
8.02%
3Y Avg
0.73%
5Y Avg
-3.59%
Market Cap
$6.95B
Return on Invested Capital (ROIC)
7.40%
TTM Avg
-2.59%
3Y Avg
-7.26%
5Y Avg
-12.59%
Market Cap
$6.42B
Return on Invested Capital (ROIC)
N/A
TTM Avg
-7.54%
3Y Avg
-7.19%
5Y Avg
-9.83%
Market Cap
$7.25B
Return on Invested Capital (ROIC)
26.85%
TTM Avg
22.73%
3Y Avg
5.80%
5Y Avg
3.92%
Market Cap
$7.28B
Return on Invested Capital (ROIC)
-2.21%
TTM Avg
-4.08%
3Y Avg
-10.55%
5Y Avg
-11.25%
Market Cap
$7.30B
Return on Invested Capital (ROIC)
10.63%
TTM Avg
9.91%
3Y Avg
9.71%
5Y Avg
9.84%
Market Cap
$7.35B
Return on Invested Capital (ROIC)
-2.85%
TTM Avg
-6.27%
3Y Avg
-7.60%
5Y Avg
-5.04%
Market Cap
$6.11B
Return on Invested Capital (ROIC)
16.69%
TTM Avg
15.39%
3Y Avg
13.20%
5Y Avg
13.88%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Qualys, Inc. (QLYS) | $6.81B | 30.65% | 28.79% | 30.05% | 28.89% |
| Duolingo, Inc. (DUOL)vs › | $6.73B | 10.85% | 8.02% | 0.73% | -3.59% |
| UiPath Inc. (PATH)vs › | $6.95B | 7.40% | -2.59% | -7.26% | -12.59% |
| Cipher Mining Inc. (CIFR)vs › | $6.42B | N/A | -7.54% | -7.19% | -9.83% |
| AppFolio Inc. (APPF)vs › | $7.25B | 26.85% | 22.73% | 5.80% | 3.92% |
| Applied Digital Corp. (APLD)vs › | $7.28B | -2.21% | -4.08% | -10.55% | -11.25% |
| Plexus Corp. (PLXS)vs › | $7.30B | 10.63% | 9.91% | 9.71% | 9.84% |
| Silicon Laboratories Inc. (SLAB)vs › | $7.35B | -2.85% | -6.27% | -7.60% | -5.04% |
| Cirrus Logic, Inc. (CRUS)vs › | $6.11B | 16.69% | 15.39% | 13.20% | 13.88% |
| Camtek Ltd. (CAMT)vs › | $7.72B | 7.81% | 11.75% | 11.13% | 10.92% |
ROIC
30.7%
ROE
36.7%
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 | 30.65% |
| 2026-03-31 | 28.80% |
| 2025-12-31 | 28.08% |
| 2025-09-30 | 28.35% |
| 2025-06-30 | 28.09% |
| 2025-03-31 | 28.56% |
| 2024-12-31 | 28.42% |
| 2024-09-30 | 28.85% |
| 2024-06-30 | 30.17% |
| 2024-03-31 | 31.19% |
| 2023-12-31 | 32.68% |
| 2023-09-30 | 33.62% |
| 2023-06-30 | 33.22% |
| 2023-03-31 | 33.21% |
| 2022-12-31 | 30.23% |
| 2022-09-30 | 24.52% |
| 2022-06-30 | 22.07% |
| 2022-03-31 | 19.22% |
| 2021-12-31 | 13.64% |
| 2021-09-30 | 15.16% |
| 2021-06-30 | 14.08% |
| 2021-03-31 | 14.73% |
| 2020-12-31 | 18.03% |
| 2020-09-30 | 17.65% |
| 2020-06-30 | 16.67% |
| 2020-03-31 | 15.12% |
| 2019-12-31 | 13.85% |
| 2019-09-30 | 13.67% |
| 2019-06-30 | 13.80% |
| 2019-03-31 | 13.04% |
| 2018-12-31 | 12.95% |
| 2018-09-30 | 10.49% |
| 2018-06-30 | 7.24% |
| 2018-03-31 | 6.51% |
| 2017-12-31 | 10.02% |
| 2017-09-30 | 10.29% |
| 2017-06-30 | 10.10% |
| 2017-03-31 | 9.93% |
| 2016-12-31 | 6.87% |
| 2016-09-30 | 7.20% |
| 2016-06-30 | 7.41% |
| 2016-03-31 | 7.85% |
| 2015-12-31 | 7.59% |
| 2015-09-30 | 11.05% |
| 2015-06-30 | 9.81% |
| 2015-03-31 | 8.32% |
| 2014-12-31 | 5.68% |
| 2014-09-30 | 3.46% |
| 2014-06-30 | 2.10% |
| 2014-03-31 | 1.48% |
| 2013-12-31 | 1.56% |
| 2013-09-30 | 2.72% |
| 2013-06-30 | 3.17% |
| 2013-03-31 | 2.36% |
| 2012-12-31 | 2.53% |
| 2012-09-30 | 6.70% |
| 2012-06-30 | 5.80% |
| 2012-03-31 | 12.48% |
| 2011-12-31 | 25.59% |
