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 -20.70% is 28% above its 5-year average of -28.64%, near the high end of its 5-year range (-109.58%–-3.74%).
As of the fiscal period ended Tuesday, June 30, 2026. 31.25% above its 12-month average of -30.11%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): -20.70%.
RETURN ON INVESTED CAPITAL (ROIC)
-20.70%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
-30.11%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
-29.49%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
-28.64%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
-5.77%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
-11.04%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
-36.77%
CURRENT VS TTM AVG
+31.25%
CURRENT VS 3Y AVG
+29.79%
CURRENT VS 5Y AVG
+27.71%
CURRENT VS 10Y AVG
-258.86%
CURRENT VS 15Y AVG
-87.56%
CURRENT VS 20Y AVG
+43.69%
SECTOR MEDIAN · TECHNOLOGY
1.00%
median of 572 covered companies
CURRENT VS SECTOR MEDIAN
-2170.30%
vs the sector median at left
Soluna Holdings, Inc.
Market Cap
$341.32M
Return on Invested Capital (ROIC)
-20.70%
TTM Avg
-30.11%
3Y Avg
-29.49%
5Y Avg
-28.64%
Market Cap
$340.49M
Return on Invested Capital (ROIC)
-19.22%
TTM Avg
-192.66%
3Y Avg
-130.50%
5Y Avg
-130.50%
Market Cap
$340.90M
Return on Invested Capital (ROIC)
-0.72%
TTM Avg
-0.81%
3Y Avg
-2.76%
5Y Avg
-2.91%
Market Cap
$333.65M
Return on Invested Capital (ROIC)
-15.97%
TTM Avg
-12.85%
3Y Avg
-12.37%
5Y Avg
-10.14%
Market Cap
$333.69M
Return on Invested Capital (ROIC)
-3.84%
TTM Avg
-32.39%
3Y Avg
-29.11%
5Y Avg
-22.92%
Market Cap
$353.08M
Return on Invested Capital (ROIC)
0.66%
TTM Avg
0.77%
3Y Avg
-0.63%
5Y Avg
-0.06%
Market Cap
$329.32M
Return on Invested Capital (ROIC)
-83.01%
TTM Avg
-187.50%
3Y Avg
-174.03%
5Y Avg
-174.03%
Market Cap
$328.77M
Return on Invested Capital (ROIC)
-2.85%
TTM Avg
-7.13%
3Y Avg
-5.77%
5Y Avg
-5.74%
Market Cap
$355.59M
Return on Invested Capital (ROIC)
-8.58%
TTM Avg
-9.73%
3Y Avg
-7.34%
5Y Avg
-3.35%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Soluna Holdings, Inc. (SLNHP) | $341.32M | -20.70% | -30.11% | -29.49% | -28.64% |
| New Era Energy & Digital, Inc. (NUAI)vs › | $340.49M | -19.22% | -192.66% | -130.50% | -130.50% |
| Repay Holdings Corporation (RPAY)vs › | $340.90M | -0.72% | -0.81% | -2.76% | -2.91% |
| Nano Dimension Ltd. (NNDM)vs › | $333.65M | -15.97% | -12.85% | -12.37% | -10.14% |
| Telos Corporation (TLS)vs › | $333.69M | -3.84% | -32.39% | -29.11% | -22.92% |
| i3 Verticals, Inc. (IIIV)vs › | $353.08M | 0.66% | 0.77% | -0.63% | -0.06% |
| Kodiak AI, Inc. Common Stock (KDK)vs › | $329.32M | -83.01% | -187.50% | -174.03% | -174.03% |
| Lantronix, Inc. (LTRX)vs › | $328.77M | -2.85% | -7.13% | -5.77% | -5.74% |
| Silicom Ltd. (SILC)vs › | $355.59M | -8.58% | -9.73% | -7.34% | -3.35% |
| SEALSQ Corp (LAES)vs › | $355.04M | -8.35% | -15.64% | -9.49% | -51.48% |
ROIC
-20.7%
ROE
-49.2%
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 | -20.70% |
| 2026-03-31 | -29.03% |
| 2025-12-31 | -22.80% |
| 2025-09-30 | -26.65% |
| 2025-06-30 | -51.37% |
| 2025-03-31 | -47.06% |
| 2024-12-31 | -34.63% |
| 2024-09-30 | -17.52% |
| 2024-06-30 | -10.83% |
| 2024-03-31 | -17.19% |
| 2023-12-31 | -24.49% |
| 2023-09-30 | -51.56% |
| 2023-06-30 | -93.70% |
| 2023-03-31 | -109.58% |
| 2022-12-31 | -108.60% |
| 2022-09-30 | -58.31% |
| 2022-06-30 | -13.72% |
| 2022-03-31 | -8.51% |
| 2021-12-31 | -4.30% |
| 2021-09-30 | -8.02% |
| 2021-06-30 | -3.74% |
| 2021-03-31 | 15.00% |
| 2020-12-31 | 19.79% |
| 2020-09-30 | 25.58% |
| 2020-06-30 | 6.31% |
| 2020-03-31 | 0.83% |
| 2019-12-31 | 5.64% |
| 2019-09-30 | 29.29% |
| 2019-06-30 | 38.88% |
| 2019-03-31 | 44.88% |
| 2018-12-31 | 21.91% |
| 2018-09-30 | 18.39% |
| 2018-06-30 | 19.52% |
| 2018-03-31 | 19.96% |
| 2017-12-31 | 11.76% |
| 2017-09-30 | 0.58% |
| 2017-06-30 | 0.34% |
| 2017-03-31 | -5.03% |
| 2016-12-31 | -8.70% |
| 2016-09-30 | -27.93% |
| 2016-06-30 | -119.22% |
| 2016-03-31 | -170.21% |
| 2015-12-31 | -96.27% |
| 2015-09-30 | -10.43% |
| 2015-06-30 | 6.06% |
| 2015-03-31 | 15.77% |
| 2014-12-31 | 13.37% |
| 2014-09-30 | -15.74% |
| 2014-06-30 | -6.01% |
| 2014-03-31 | -4.55% |
| 2013-12-31 | 10.51% |
| 2013-09-30 | 22.18% |
| 2013-06-30 | -13.20% |
| 2013-03-31 | -43.66% |
| 2012-12-31 | -74.85% |
| 2012-09-30 | -71.83% |
| 2012-06-30 | -23.62% |
| 2012-03-31 | -14.41% |
| 2011-12-31 | 1.08% |
| 2011-09-30 | -37.46% |
| 2011-06-30 | -64.17% |
| 2011-03-31 | -76.11% |
| 2010-12-31 | -173.15% |
| 2010-09-30 | -233.50% |
| 2010-06-30 | -258.96% |
| 2010-03-31 | -232.99% |
| 2009-12-31 | -172.23% |
| 2009-09-30 | -200.95% |
| 2009-06-30 | -268.90% |
| 2009-03-31 | -406.16% |
| 2008-12-31 | -374.13% |
| 2008-09-30 | -269.64% |
| 2008-06-30 | -188.47% |
| 2008-03-31 | -117.71% |
| 2007-12-31 | -89.89% |
| 2007-09-30 | -94.45% |
| 2007-06-30 | -89.52% |
| 2007-03-31 | -84.54% |
| 2006-12-31 | -66.33% |
| 2006-09-30 | -83.87% |
| 2006-06-30 | -61.63% |
| 2006-03-31 | -52.27% |
| 2005-12-31 | -45.69% |
| 2005-09-30 | -34.21% |
| 2005-06-30 | -34.87% |
| 2005-03-31 | -27.49% |
| 2004-12-31 | -23.43% |
| 2004-09-30 | -23.38% |
| 2004-06-30 | -20.10% |
| 2004-03-31 | -15.01% |
| 2003-12-31 | -17.75% |
| 2003-09-30 | -16.41% |
| 2003-06-30 | -15.27% |
