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 13.02% is 85% above its 5-year average of 7.03%, near the high end of its 5-year range (5.17%–13.69%).
As of the fiscal period ended Tuesday, June 30, 2026. 3.38% above its 12-month average of 12.59%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 13.02%.
RETURN ON INVESTED CAPITAL (ROIC)
13.02%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
12.59%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
9.08%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
7.03%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
8.88%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
10.18%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
12.79%
CURRENT VS TTM AVG
+3.38%
CURRENT VS 3Y AVG
+43.37%
CURRENT VS 5Y AVG
+85.25%
CURRENT VS 10Y AVG
+46.52%
CURRENT VS 15Y AVG
+27.83%
CURRENT VS 20Y AVG
+1.78%
SECTOR MEDIAN · TECHNOLOGY
8.17%
median of 193 covered companies
CURRENT VS SECTOR MEDIAN
+59.34%
vs the sector median at left
SAP SE
Market Cap
$245.42B
Return on Invested Capital (ROIC)
13.02%
TTM Avg
12.59%
3Y Avg
9.08%
5Y Avg
7.03%
Market Cap
$245.40B
Return on Invested Capital (ROIC)
35.75%
TTM Avg
36.17%
3Y Avg
33.56%
5Y Avg
32.79%
Market Cap
$248.97B
Return on Invested Capital (ROIC)
18.81%
TTM Avg
15.57%
3Y Avg
22.12%
5Y Avg
25.71%
Market Cap
$256.20B
Return on Invested Capital (ROIC)
21.80%
TTM Avg
22.69%
3Y Avg
23.35%
5Y Avg
21.10%
Market Cap
$228.49B
Return on Invested Capital (ROIC)
5.44%
TTM Avg
1.03%
3Y Avg
-0.05%
5Y Avg
-0.75%
Market Cap
$267.28B
Return on Invested Capital (ROIC)
-1.57%
TTM Avg
-2.75%
3Y Avg
-3.01%
5Y Avg
-3.90%
Market Cap
$269.02B
Return on Invested Capital (ROIC)
64.29%
TTM Avg
64.29%
3Y Avg
16.19%
5Y Avg
7.93%
Market Cap
$219.29B
Return on Invested Capital (ROIC)
10.12%
TTM Avg
9.80%
3Y Avg
8.91%
5Y Avg
7.63%
Market Cap
$207.16B
Return on Invested Capital (ROIC)
51.40%
TTM Avg
51.40%
3Y Avg
30.73%
5Y Avg
23.51%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| SAP SE (SAP) | $245.42B | 13.02% | 12.59% | 9.08% | 7.03% |
| KLA Corporation (KLAC)vs › | $245.40B | 35.75% | 36.17% | 33.56% | 32.79% |
| Texas Instruments Incorporated (TXN)vs › | $248.97B | 18.81% | 15.57% | 22.12% | 25.71% |
| Arista Networks, Inc. (ANET)vs › | $256.20B | 21.80% | 22.69% | 23.35% | 21.10% |
| Marvell Technology, Inc. (MRVL)vs › | $228.49B | 5.44% | 1.03% | -0.05% | -0.75% |
| CrowdStrike Holdings, Inc. (CRWD)vs › | $267.28B | -1.57% | -2.75% | -3.01% | -3.90% |
| Sandisk Corporation (SNDK)vs › | $269.02B | 64.29% | 64.29% | 16.19% | 7.93% |
| International Business Machines Corporation (IBM)vs › | $219.29B | 10.12% | 9.80% | 8.91% | 7.63% |
| Seagate Technology Holdings plc (STX)vs › | $207.16B | 51.40% | 51.40% | 30.73% | 23.51% |
| QUALCOMM Incorporated (QCOM)vs › | $207.10B | 17.42% | 18.97% | 22.79% | 23.23% |
ROIC
13.0%
ROE
17.7%
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 | 13.02% |
| 2026-03-31 | 13.69% |
| 2025-12-31 | 12.21% |
| 2025-09-30 | 12.59% |
| 2025-06-30 | 11.46% |
| 2025-03-31 | 8.62% |
| 2024-12-31 | 7.29% |
| 2024-09-30 | 6.90% |
| 2024-06-30 | 6.84% |
| 2024-03-31 | 6.73% |
| 2023-12-31 | 7.00% |
| 2023-09-30 | 6.42% |
| 2023-06-30 | 5.27% |
| 2023-03-31 | 5.17% |
| 2022-12-31 | 5.75% |
| 2022-09-30 | 6.56% |
| 2022-06-30 | 7.06% |
| 2022-03-31 | 6.62% |
| 2021-12-31 | 5.54% |
| 2021-09-30 | 8.51% |
| 2021-06-30 | 7.72% |
| 2021-03-31 | 8.82% |
| 2020-12-31 | 9.86% |
| 2020-09-30 | 8.80% |
| 2020-06-30 | 9.39% |
| 2020-03-31 | 8.48% |
| 2019-12-31 | 5.95% |
| 2019-09-30 | 7.38% |
| 2019-06-30 | 7.04% |
| 2019-03-31 | 7.19% |
| 2018-12-31 | 10.16% |
| 2018-09-30 | 11.75% |
| 2018-06-30 | 12.19% |
| 2018-03-31 | 11.24% |
| 2017-12-31 | 11.39% |
| 2017-09-30 | 10.31% |
| 2017-06-30 | 10.13% |
| 2017-03-31 | 10.34% |
| 2016-12-31 | 11.08% |
| 2016-09-30 | 10.59% |
| 2016-06-30 | 11.21% |
| 2016-03-31 | 9.58% |
| 2015-12-31 | 9.65% |
| 2015-09-30 | 10.01% |
| 2015-06-30 | 10.54% |
| 2015-03-31 | 10.83% |
| 2014-12-31 | 10.73% |
| 2014-09-30 | 15.16% |
| 2014-06-30 | 14.98% |
| 2014-03-31 | 15.23% |
| 2013-12-31 | 15.44% |
| 2013-09-30 | 14.35% |
| 2013-06-30 | 14.82% |
| 2013-03-31 | 14.41% |
| 2012-12-31 | 14.12% |
| 2012-09-30 | 22.66% |
| 2012-06-30 | 25.55% |
| 2012-03-31 | 18.02% |
| 2011-12-31 | 19.55% |
| 2011-09-30 | 12.11% |
| 2011-06-30 | 7.02% |
| 2011-03-31 | 10.83% |
| 2010-12-31 | 11.23% |
| 2010-09-30 | 13.09% |
| 2010-06-30 | 20.71% |
| 2010-03-31 | 20.20% |
| 2009-12-31 | 18.49% |
| 2009-09-30 | 20.83% |
| 2009-03-31 | 24.88% |
| 2008-12-31 | 18.76% |
| 2008-09-30 | 19.35% |
| 2008-06-30 | 17.87% |
| 2008-03-31 | 16.35% |
| 2007-12-31 | 24.88% |
| 2007-09-30 | 25.88% |
| 2007-06-30 | 26.90% |
| 2007-03-31 | 26.28% |
| 2006-12-31 | 25.47% |
| 2006-09-30 | 25.66% |
| 2006-06-30 | 20.61% |
| 2006-03-31 | 18.80% |
| 2005-12-31 | 19.98% |
| 2005-09-30 | 23.28% |
| 2005-06-30 | 22.57% |
| 2005-03-31 | 17.74% |
| 2004-12-31 | 17.62% |
| 2004-09-30 | 20.40% |
| 2004-06-30 | 20.51% |
| 2004-03-31 | 26.51% |
| 2003-12-31 | 18.85% |
| 2003-09-30 | -90.86% |
| 2003-06-30 | -84.63% |
