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 19.18% is 12% above its 5-year average of 17.15%, near the high end of its 5-year range (12.67%–20.23%).
As of the fiscal period ended Tuesday, June 30, 2026. 2.13% below its 12-month average of 19.60%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q4 FY2026 (2026-06-30): 19.18%.
RETURN ON INVESTED CAPITAL (ROIC)
19.18%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
19.60%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
18.20%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
17.15%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
15.14%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
15.16%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
13.80%
CURRENT VS TTM AVG
-2.13%
CURRENT VS 3Y AVG
+5.40%
CURRENT VS 5Y AVG
+11.83%
CURRENT VS 10Y AVG
+26.67%
CURRENT VS 15Y AVG
+26.49%
CURRENT VS 20Y AVG
+39.03%
SECTOR MEDIAN · HEALTHCARE
8.75%
median of 90 covered companies
CURRENT VS SECTOR MEDIAN
+119.34%
vs the sector median at left
ResMed Inc.
Market Cap
$32.19B
Return on Invested Capital (ROIC)
19.18%
TTM Avg
19.60%
3Y Avg
18.20%
5Y Avg
17.15%
Market Cap
$31.49B
Return on Invested Capital (ROIC)
3.25%
TTM Avg
4.01%
3Y Avg
3.42%
5Y Avg
2.30%
Market Cap
$33.01B
Return on Invested Capital (ROIC)
21.71%
TTM Avg
13.47%
3Y Avg
11.13%
5Y Avg
9.67%
Market Cap
$33.40B
Return on Invested Capital (ROIC)
24.71%
TTM Avg
4.06%
3Y Avg
-7.50%
5Y Avg
-13.90%
Market Cap
$33.45B
Return on Invested Capital (ROIC)
4.28%
TTM Avg
7.71%
3Y Avg
8.64%
5Y Avg
10.90%
Market Cap
$30.70B
Return on Invested Capital (ROIC)
38.57%
TTM Avg
38.26%
3Y Avg
37.51%
5Y Avg
36.01%
Market Cap
$30.58B
Return on Invested Capital (ROIC)
-12.90%
TTM Avg
-4.21%
3Y Avg
-0.54%
5Y Avg
0.75%
Market Cap
$29.98B
Return on Invested Capital (ROIC)
6.94%
TTM Avg
7.96%
3Y Avg
8.07%
5Y Avg
9.18%
Market Cap
$29.48B
Return on Invested Capital (ROIC)
21.63%
TTM Avg
21.87%
3Y Avg
20.30%
5Y Avg
19.27%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| ResMed Inc. (RMD) | $32.19B | 19.18% | 19.60% | 18.20% | 17.15% |
| Alcon Inc. (ALC)vs › | $31.49B | 3.25% | 4.01% | 3.42% | 2.30% |
| DexCom, Inc. (DXCM)vs › | $33.01B | 21.71% | 13.47% | 11.13% | 9.67% |
| Alnylam Pharmaceuticals, Inc. (ALNY)vs › | $33.40B | 24.71% | 4.06% | -7.50% | -13.90% |
| Biogen Inc. (BIIB)vs › | $33.45B | 4.28% | 7.71% | 8.64% | 10.90% |
| Mettler-Toledo International Inc. (MTD)vs › | $30.70B | 38.57% | 38.26% | 37.51% | 36.01% |
| Centene Corp. (CNC)vs › | $30.58B | -12.90% | -4.21% | -0.54% | 0.75% |
| GE HealthCare Technologies Inc. (GEHC)vs › | $29.98B | 6.94% | 7.96% | 8.07% | 9.18% |
| Zoetis Inc. (ZTS)vs › | $29.48B | 21.63% | 21.87% | 20.30% | 19.27% |
| Medline Inc. (MDLN)vs › | $29.31B | 4.05% | 6.03% | 5.27% | 5.27% |
ROIC
19.2%
ROE
23.1%
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 | 19.18% |
| 2026-03-31 | 19.70% |
| 2025-12-31 | 19.76% |
| 2025-09-30 | 19.71% |
| 2025-06-30 | 19.64% |
| 2025-03-31 | 20.23% |
| 2024-12-31 | 20.15% |
| 2024-09-30 | 18.12% |
| 2024-06-30 | 17.84% |
| 2024-03-31 | 16.24% |
| 2023-12-31 | 15.03% |
| 2023-09-30 | 15.61% |
| 2023-06-30 | 15.36% |
| 2023-03-31 | 15.14% |
| 2022-12-31 | 14.22% |
| 2022-09-30 | 18.41% |
| 2022-06-30 | 18.38% |
| 2022-03-31 | 18.82% |
| 2021-12-31 | 13.01% |
| 2021-09-30 | 12.67% |
| 2021-06-30 | 12.98% |
| 2021-03-31 | 13.08% |
| 2020-12-31 | 18.47% |
| 2020-09-30 | 18.02% |
| 2020-06-30 | 17.18% |
| 2020-03-31 | 14.81% |
| 2019-12-31 | 13.52% |
| 2019-09-30 | 13.24% |
| 2019-06-30 | 12.68% |
| 2019-03-31 | 13.10% |
| 2018-12-31 | 13.77% |
| 2018-09-30 | 13.10% |
| 2018-06-30 | 12.79% |
| 2018-03-31 | 10.41% |
| 2017-12-31 | 9.08% |
| 2017-09-30 | 11.48% |
| 2017-06-30 | 11.20% |
| 2017-03-31 | 10.56% |
| 2016-12-31 | 11.07% |
| 2016-09-30 | 11.30% |
| 2016-06-30 | 11.78% |
| 2016-03-31 | 15.89% |
| 2015-12-31 | 17.23% |
| 2015-09-30 | 16.80% |
| 2015-06-30 | 17.30% |
| 2015-03-31 | 16.26% |
| 2014-12-31 | 15.87% |
| 2014-09-30 | 15.81% |
| 2014-06-30 | 15.51% |
| 2014-03-31 | 15.81% |
| 2013-12-31 | 15.54% |
| 2013-09-30 | 15.19% |
| 2013-06-30 | 15.63% |
| 2013-03-31 | 13.19% |
| 2012-12-31 | 12.74% |
| 2012-09-30 | 12.19% |
| 2012-06-30 | 11.99% |
| 2012-03-31 | 11.03% |
| 2011-12-31 | 16.47% |
| 2011-09-30 | 17.45% |
| 2011-06-30 | 16.20% |
| 2011-03-31 | 16.99% |
| 2010-12-31 | 11.51% |
| 2010-09-30 | 11.64% |
| 2010-06-30 | 12.22% |
| 2010-03-31 | 11.10% |
| 2009-12-31 | 11.25% |
| 2009-09-30 | 10.75% |
| 2009-06-30 | 10.58% |
| 2009-03-31 | 10.52% |
| 2008-12-31 | 9.50% |
| 2008-09-30 | 8.99% |
| 2008-06-30 | 7.95% |
| 2008-03-31 | 7.92% |
| 2007-12-31 | 4.81% |
| 2007-09-30 | 5.24% |
| 2007-06-30 | 5.66% |
| 2007-03-31 | 5.83% |
| 2006-12-31 | 9.95% |
| 2006-09-30 | 10.31% |
| 2006-06-30 | 9.83% |
| 2006-03-31 | 10.17% |
| 2005-12-31 | 9.76% |
| 2005-09-30 | 9.55% |
| 2005-06-30 | 9.73% |
| 2005-03-31 | 11.18% |
| 2004-12-31 | 11.40% |
| 2004-09-30 | 11.76% |
| 2004-06-30 | 11.82% |
| 2004-03-31 | 11.34% |
| 2003-12-31 | 10.98% |
| 2003-09-30 | 11.09% |
| 2003-06-30 | 11.20% |
