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 -1.16% is 34% below its 5-year average of -0.86%, near the low end of its 5-year range (-1.85%–0.70%).
As of the fiscal period ended Tuesday, June 30, 2026. 21.28% above its 12-month average of -1.47%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): -1.16%.
RETURN ON INVESTED CAPITAL (ROIC)
-1.16%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
-1.47%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
-1.07%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
-0.86%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
0.78%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
2.33%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
3.83%
CURRENT VS TTM AVG
+21.28%
CURRENT VS 3Y AVG
-8.33%
CURRENT VS 5Y AVG
-34.42%
CURRENT VS 10Y AVG
-247.69%
CURRENT VS 15Y AVG
-149.70%
CURRENT VS 20Y AVG
-130.18%
SECTOR MEDIAN · COMMUNICATION SERVICES
1.94%
median of 148 covered companies
CURRENT VS SECTOR MEDIAN
-159.64%
vs the sector median at left
Shenandoah Telecommunications Company
Market Cap
$636.69M
Return on Invested Capital (ROIC)
-1.16%
TTM Avg
-1.47%
3Y Avg
-1.07%
5Y Avg
-0.86%
Market Cap
$629.84M
Return on Invested Capital (ROIC)
2.98%
TTM Avg
3.23%
3Y Avg
2.64%
5Y Avg
2.71%
Market Cap
$645.03M
Return on Invested Capital (ROIC)
18.76%
TTM Avg
7.61%
3Y Avg
2.59%
5Y Avg
-0.32%
Market Cap
$665.50M
Return on Invested Capital (ROIC)
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$683.30M
Return on Invested Capital (ROIC)
32.25%
TTM Avg
24.77%
3Y Avg
-9.24%
5Y Avg
-12.32%
Market Cap
$698.10M
Return on Invested Capital (ROIC)
1.35%
TTM Avg
1.46%
3Y Avg
2.62%
5Y Avg
2.60%
Market Cap
$704.89M
Return on Invested Capital (ROIC)
0.06%
TTM Avg
0.21%
3Y Avg
3.27%
5Y Avg
4.53%
Market Cap
$715.62M
Return on Invested Capital (ROIC)
1.80%
TTM Avg
3.46%
3Y Avg
-12.60%
5Y Avg
-15.39%
Market Cap
$743.62M
Return on Invested Capital (ROIC)
7.82%
TTM Avg
10.03%
3Y Avg
6.40%
5Y Avg
6.92%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Shenandoah Telecommunications Company (SHEN) | $636.69M | -1.16% | -1.47% | -1.07% | -0.86% |
| Reservoir Media, Inc. (RSVR)vs › | $629.84M | 2.98% | 3.23% | 2.64% | 2.71% |
| NerdWallet, Inc. (NRDS)vs › | $645.03M | 18.76% | 7.61% | 2.59% | -0.32% |
| QVC Group, Inc. (QVCG)vs › | $665.50M | N/A | N/A | N/A | N/A |
| EverQuote, Inc. (EVER)vs › | $683.30M | 32.25% | 24.77% | -9.24% | -12.32% |
| Scholastic Corporation (SCHL)vs › | $698.10M | 1.35% | 1.46% | 2.62% | 2.60% |
| Telesat Corporation (TSAT)vs › | $704.89M | 0.06% | 0.21% | 3.27% | 4.53% |
| Groupon, Inc. (GRPN)vs › | $715.62M | 1.80% | 3.46% | -12.60% | -15.39% |
| Criteo S.A. (CRTO)vs › | $743.62M | 7.82% | 10.03% | 6.40% | 6.92% |
| Nexxen International Ltd. (NEXN)vs › | $485.89M | 2.31% | 5.54% | 3.18% | 3.97% |
ROIC
-1.2%
ROE
-4.8%
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 | -1.16% |
| 2026-03-31 | -1.59% |
| 2025-12-31 | -1.53% |
| 2025-09-30 | -1.62% |
| 2025-06-30 | -1.46% |
| 2025-03-31 | -1.85% |
| 2024-12-31 | -1.75% |
| 2024-09-30 | -1.41% |
| 2024-06-30 | -1.20% |
| 2024-03-31 | -0.22% |
| 2023-12-31 | 0.13% |
| 2023-09-30 | -0.04% |
| 2023-06-30 | -0.19% |
| 2023-03-31 | -0.53% |
| 2022-12-31 | -0.85% |
| 2022-09-30 | -1.56% |
| 2022-06-30 | -1.28% |
| 2022-03-31 | -0.61% |
| 2021-12-31 | -0.28% |
| 2021-09-30 | 0.70% |
| 2021-06-30 | 0.22% |
| 2021-03-31 | 0.06% |
| 2020-12-31 | -0.17% |
| 2020-09-30 | -0.23% |
| 2020-06-30 | 0.91% |
| 2020-03-31 | 2.01% |
| 2019-12-31 | 2.88% |
| 2019-09-30 | 4.34% |
| 2019-06-30 | 4.55% |
| 2019-03-31 | 4.36% |
| 2018-12-31 | 4.69% |
| 2018-09-30 | 5.61% |
| 2018-06-30 | 4.33% |
| 2018-03-31 | 3.58% |
| 2017-12-31 | 3.47% |
| 2017-09-30 | 1.89% |
| 2017-06-30 | 1.98% |
| 2017-03-31 | 0.93% |
| 2016-12-31 | 0.95% |
| 2016-09-30 | 1.60% |
| 2016-06-30 | 2.47% |
| 2016-03-31 | 7.99% |
| 2015-12-31 | 7.47% |
| 2015-09-30 | 6.99% |
| 2015-06-30 | 6.94% |
| 2015-03-31 | 6.68% |
| 2014-12-31 | 6.42% |
| 2014-09-30 | 6.11% |
| 2014-06-30 | 5.96% |
| 2014-03-31 | 5.89% |
| 2013-12-31 | 5.93% |
| 2013-09-30 | 5.78% |
| 2013-06-30 | 4.99% |
| 2013-03-31 | 4.65% |
| 2012-12-31 | 3.89% |
| 2012-09-30 | 3.68% |
| 2012-06-30 | 4.53% |
| 2012-03-31 | 4.13% |
| 2011-12-31 | 3.86% |
| 2011-09-30 | 3.79% |
| 2011-06-30 | 4.20% |
| 2011-03-31 | 4.07% |
| 2010-12-31 | 4.85% |
| 2010-09-30 | 5.08% |
| 2010-06-30 | 8.48% |
| 2010-03-31 | 9.59% |
| 2009-12-31 | 10.06% |
| 2009-09-30 | 10.44% |
| 2009-06-30 | 11.24% |
| 2009-03-31 | 11.60% |
| 2008-12-31 | 10.50% |
| 2008-09-30 | 10.81% |
| 2008-06-30 | 9.87% |
| 2008-03-31 | 9.45% |
| 2007-12-31 | 9.15% |
| 2007-09-30 | 9.05% |
| 2007-06-30 | 8.52% |
| 2007-03-31 | 7.23% |
| 2006-12-31 | 6.59% |
| 2006-09-30 | 6.02% |
| 2006-06-30 | 5.93% |
| 2006-03-31 | 5.99% |
| 2005-12-31 | 6.42% |
| 2005-09-30 | 6.26% |
| 2005-06-30 | 6.69% |
| 2005-03-31 | 6.42% |
| 2004-12-31 | 6.36% |
| 2004-09-30 | 8.21% |
| 2004-06-30 | 7.70% |
| 2004-03-31 | 6.91% |
| 2003-12-31 | 6.94% |
| 2003-09-30 | 0.37% |
| 2003-06-30 | 1.41% |
