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 -25.26% is in line with its 2-year average of -24.64%, around the middle of its 2-year range (-41.36%–-13.11%).
As of the fiscal period ended Tuesday, June 30, 2026. 22.56% below its 12-month average of -20.61%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): -25.26%.
RETURN ON INVESTED CAPITAL (ROIC)
-25.26%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
-20.61%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
-22.56%
CURRENT VS 3Y AVG
N/A
CURRENT VS 5Y AVG
N/A
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · HEALTHCARE
8.75%
median of 90 covered companies
CURRENT VS SECTOR MEDIAN
-388.83%
vs the sector median at left
Shoulder Innovations, Inc.
Market Cap
$376.61M
Return on Invested Capital (ROIC)
-25.26%
TTM Avg
-20.61%
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$463.35M
Return on Invested Capital (ROIC)
8.75%
TTM Avg
20.32%
3Y Avg
26.86%
5Y Avg
29.17%
Market Cap
$45.05M
Return on Invested Capital (ROIC)
-3699.99%
TTM Avg
-104.88%
3Y Avg
-89.50%
5Y Avg
-74.29%
Market Cap
$1.14B
Return on Invested Capital (ROIC)
-7.32%
TTM Avg
-21.18%
3Y Avg
-91.27%
5Y Avg
-61.58%
Market Cap
$1.91B
Return on Invested Capital (ROIC)
10.03%
TTM Avg
-6.49%
3Y Avg
-7.14%
5Y Avg
-3.83%
Market Cap
$2.99B
Return on Invested Capital (ROIC)
5.87%
TTM Avg
7.96%
3Y Avg
-0.22%
5Y Avg
-9.17%
Market Cap
$4.88B
Return on Invested Capital (ROIC)
15.35%
TTM Avg
17.38%
3Y Avg
14.85%
5Y Avg
17.21%
Market Cap
$5.10B
Return on Invested Capital (ROIC)
5.80%
TTM Avg
5.65%
3Y Avg
5.40%
5Y Avg
4.23%
Market Cap
$5.59B
Return on Invested Capital (ROIC)
-90.04%
TTM Avg
-83.71%
3Y Avg
-67.61%
5Y Avg
-57.95%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Shoulder Innovations, Inc. (SI) | $376.61M | -25.26% | -20.61% | N/A | N/A |
| NRC Health (NRC)vs › | $463.35M | 8.75% | 20.32% | 26.86% | 29.17% |
| PDS Biotechnology Corporation (PDSB)vs › | $45.05M | -3699.99% | -104.88% | -89.50% | -74.29% |
| Teladoc Health, Inc. (TDOC)vs › | $1.14B | -7.32% | -21.18% | -91.27% | -61.58% |
| DENTSPLY SIRONA Inc. (XRAY)vs › | $1.91B | 10.03% | -6.49% | -7.14% | -3.83% |
| TransMedics Group, Inc. (TMDX)vs › | $2.99B | 5.87% | 7.96% | -0.22% | -9.17% |
| Doximity, Inc. (DOCS)vs › | $4.88B | 15.35% | 17.38% | 14.85% | 17.21% |
| Merit Medical Systems, Inc. (MMSI)vs › | $5.10B | 5.80% | 5.65% | 5.40% | 4.23% |
| Scholar Rock Holding Corporation (SRRK)vs › | $5.59B | -90.04% | -83.71% | -67.61% | -57.95% |
| Hims & Hers Health, Inc. (HIMS)vs › | $6.24B | -4.30% | 9.38% | -2.79% | -9.92% |
ROIC
-25.3%
ROE
-28.2%
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 | -25.26% |
| 2026-03-31 | -20.93% |
| 2025-12-31 | -16.89% |
| 2025-09-30 | -13.11% |
| 2025-06-30 | -26.86% |
| 2025-03-31 | -31.02% |
| 2024-12-31 | -41.36% |
| 2023-12-31 | -21.70% |
