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 9.19% is 47% below its 5-year average of 17.30%, near the low end of its 5-year range (8.51%–36.03%).
As of the fiscal period ended Tuesday, June 30, 2026. 0.42% above its 12-month average of 9.15%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
9.19%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
9.15%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
11.18%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
17.30%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
15.95%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
16.72%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
7.92%
CURRENT VS TTM AVG
+0.42%
CURRENT VS 3Y AVG
-17.81%
CURRENT VS 5Y AVG
-46.89%
CURRENT VS 10Y AVG
-42.37%
CURRENT VS 15Y AVG
-45.05%
CURRENT VS 20Y AVG
+16.05%
SECTOR MEDIAN · HEALTHCARE
8.75%
median of 90 covered companies
CURRENT VS SECTOR MEDIAN
+5.09%
vs the sector median at left
Regeneron Pharmaceuticals, Inc.
Market Cap
$83.48B
Return on Invested Capital (ROIC)
9.19%
TTM Avg
9.15%
3Y Avg
11.18%
5Y Avg
17.30%
Market Cap
$87.04B
Return on Invested Capital (ROIC)
19.41%
TTM Avg
17.66%
3Y Avg
17.17%
5Y Avg
17.02%
Market Cap
$87.17B
Return on Invested Capital (ROIC)
6.34%
TTM Avg
6.70%
3Y Avg
7.11%
5Y Avg
7.33%
Market Cap
$72.89B
Return on Invested Capital (ROIC)
7.69%
TTM Avg
7.02%
3Y Avg
7.07%
5Y Avg
6.51%
Market Cap
$97.25B
Return on Invested Capital (ROIC)
13.95%
TTM Avg
12.57%
3Y Avg
12.55%
5Y Avg
10.41%
Market Cap
$66.86B
Return on Invested Capital (ROIC)
10.57%
TTM Avg
7.46%
3Y Avg
6.12%
5Y Avg
5.55%
Market Cap
$103.62B
Return on Invested Capital (ROIC)
5.42%
TTM Avg
6.63%
3Y Avg
6.62%
5Y Avg
7.56%
Market Cap
$63.17B
Return on Invested Capital (ROIC)
12.75%
TTM Avg
15.09%
3Y Avg
14.58%
5Y Avg
14.67%
Market Cap
$104.10B
Return on Invested Capital (ROIC)
28.34%
TTM Avg
27.87%
3Y Avg
25.19%
5Y Avg
21.44%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Regeneron Pharmaceuticals, Inc. (REGN) | $83.48B | 9.19% | 9.15% | 11.18% | 17.30% |
| HCA Healthcare, Inc. (HCA)vs › | $87.04B | 19.41% | 17.66% | 17.17% | 17.02% |
| Elevance Health Inc. (ELV)vs › | $87.17B | 6.34% | 6.70% | 7.11% | 7.33% |
| Cigna Corporation (CI)vs › | $72.89B | 7.69% | 7.02% | 7.07% | 6.51% |
| GSK plc (GSK)vs › | $97.25B | 13.95% | 12.57% | 12.55% | 10.41% |
| Boston Scientific Corporation (BSX)vs › | $66.86B | 10.57% | 7.46% | 6.12% | 5.55% |
| Sanofi (SNY)vs › | $103.62B | 5.42% | 6.63% | 6.62% | 7.56% |
| Cencora, Inc. (COR)vs › | $63.17B | 12.75% | 15.09% | 14.58% | 14.67% |
| McKesson Corporation (MCK)vs › | $104.10B | 28.34% | 27.87% | 25.19% | 21.44% |
| Stryker Corporation (SYK)vs › | $105.97B | 9.82% | 10.14% | 10.34% | 10.08% |
ROIC
9.2%
ROE
13.7%
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 | 9.19% |
| 2026-03-31 | 8.70% |
| 2025-12-31 | 8.51% |
| 2025-09-30 | 9.18% |
| 2025-06-30 | 10.17% |
| 2025-03-31 | 10.18% |
| 2024-12-31 | 10.89% |
| 2024-09-30 | 11.23% |
| 2024-06-30 | 11.81% |
| 2024-03-31 | 12.49% |
| 2023-12-31 | 13.59% |
| 2023-09-30 | 14.51% |
| 2023-06-30 | 14.89% |
| 2023-03-31 | 16.16% |
| 2022-12-31 | 17.58% |
| 2022-09-30 | 23.16% |
| 2022-06-30 | 26.26% |
| 2022-03-31 | 33.94% |
| 2021-12-31 | 36.03% |
| 2021-09-30 | 32.56% |
| 2021-06-30 | 32.30% |
| 2021-03-31 | 24.97% |
| 2020-12-31 | 22.80% |
| 2020-09-30 | 20.38% |
| 2020-06-30 | 20.83% |
| 2020-03-31 | 15.84% |
| 2019-12-31 | 15.15% |
| 2019-09-30 | 17.90% |
| 2019-06-30 | 18.56% |
| 2019-03-31 | 20.83% |
| 2018-12-31 | 23.57% |
| 2018-09-30 | 18.54% |
| 2018-06-30 | 17.88% |
| 2018-03-31 | 17.49% |
| 2017-12-31 | 15.72% |
| 2017-09-30 | 17.10% |
| 2017-06-30 | 16.56% |
| 2017-03-31 | 14.80% |
| 2016-12-31 | 15.36% |
| 2016-09-30 | 13.32% |
| 2016-06-30 | 13.86% |
| 2016-03-31 | 14.78% |
| 2015-12-31 | 14.35% |
| 2015-09-30 | 15.68% |
| 2015-06-30 | 14.91% |
| 2015-03-31 | 14.23% |
| 2014-12-31 | 14.63% |
| 2014-09-30 | 13.55% |
| 2014-06-30 | 15.39% |
| 2014-03-31 | 14.86% |
| 2013-12-31 | 17.05% |
| 2013-09-30 | 29.25% |
| 2013-06-30 | 30.32% |
| 2013-03-31 | 28.45% |
| 2012-12-31 | 24.02% |
| 2012-09-30 | 18.18% |
| 2012-06-30 | 0.68% |
| 2012-03-31 | -11.93% |
| 2011-12-31 | -17.46% |
| 2011-09-30 | -17.58% |
| 2011-06-30 | -13.50% |
| 2011-03-31 | -8.98% |
| 2010-12-31 | -7.56% |
| 2010-09-30 | -15.32% |
| 2010-06-30 | -13.87% |
| 2010-03-31 | -12.54% |
| 2009-12-31 | -11.44% |
| 2009-09-30 | -11.03% |
| 2009-06-30 | -14.14% |
| 2009-03-31 | -15.79% |
| 2008-12-31 | -15.36% |
| 2008-09-30 | -9.23% |
| 2008-06-30 | -11.49% |
| 2008-03-31 | -11.45% |
| 2007-12-31 | -13.42% |
| 2007-09-30 | -28.63% |
| 2007-06-30 | -25.56% |
| 2007-03-31 | -23.10% |
| 2006-12-31 | -19.93% |
| 2006-09-30 | -17.31% |
| 2006-06-30 | -17.07% |
| 2006-03-31 | -17.25% |
| 2005-12-31 | -17.54% |
| 2005-09-30 | -23.57% |
| 2005-06-30 | -15.83% |
| 2005-03-31 | -10.56% |
| 2004-12-31 | 1.29% |
| 2004-09-30 | 18.93% |
| 2004-06-30 | 14.74% |
| 2004-03-31 | 11.10% |
| 2003-12-31 | 0.00% |
| 2003-09-30 | -4.17% |
| 2003-06-30 | -7.34% |