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 15.85% is 65% above its 3-year average of 9.60%, near the high end of its 3-year range (5.29%–17.76%).
As of the fiscal period ended Tuesday, June 30, 2026. 29.92% above its 12-month average of 12.20%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 15.85%.
RETURN ON INVESTED CAPITAL (ROIC)
15.85%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
12.20%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
9.60%
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
+29.92%
CURRENT VS 3Y AVG
+65.08%
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
+81.27%
vs the sector median at left
Solventum Corporation
Market Cap
$15.55B
Return on Invested Capital (ROIC)
15.85%
TTM Avg
12.20%
3Y Avg
9.60%
5Y Avg
N/A
Market Cap
$16.62B
Return on Invested Capital (ROIC)
77.00%
TTM Avg
52.59%
3Y Avg
46.08%
5Y Avg
35.95%
Market Cap
$14.33B
Return on Invested Capital (ROIC)
2.91%
TTM Avg
2.97%
3Y Avg
3.43%
5Y Avg
5.52%
Market Cap
$14.13B
Return on Invested Capital (ROIC)
37.87%
TTM Avg
23.96%
3Y Avg
17.78%
5Y Avg
13.78%
Market Cap
$13.16B
Return on Invested Capital (ROIC)
7.72%
TTM Avg
5.13%
3Y Avg
6.33%
5Y Avg
6.84%
Market Cap
$12.60B
Return on Invested Capital (ROIC)
8.48%
TTM Avg
7.10%
3Y Avg
4.92%
5Y Avg
2.27%
Market Cap
$18.68B
Return on Invested Capital (ROIC)
5.51%
TTM Avg
5.58%
3Y Avg
5.01%
5Y Avg
4.00%
Market Cap
$12.34B
Return on Invested Capital (ROIC)
-1.61%
TTM Avg
-0.86%
3Y Avg
-2.74%
5Y Avg
0.22%
Market Cap
$12.15B
Return on Invested Capital (ROIC)
13.42%
TTM Avg
12.59%
3Y Avg
14.85%
5Y Avg
11.33%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Solventum Corporation (SOLV) | $15.55B | 15.85% | 12.20% | 9.60% | N/A |
| Medpace Holdings, Inc. (MEDP)vs › | $16.62B | 77.00% | 52.59% | 46.08% | 35.95% |
| Revvity, Inc. (RVTY)vs › | $14.33B | 2.91% | 2.97% | 3.43% | 5.52% |
| Exelixis, Inc. (EXEL)vs › | $14.13B | 37.87% | 23.96% | 17.78% | 13.78% |
| Charles River Laboratories International, Inc. (CRL)vs › | $13.16B | 7.72% | 5.13% | 6.33% | 6.84% |
| Penumbra, Inc. (PEN)vs › | $12.60B | 8.48% | 7.10% | 4.92% | 2.27% |
| Zimmer Biomet Holdings, Inc. (ZBH)vs › | $18.68B | 5.51% | 5.58% | 5.01% | 4.00% |
| Baxter International Inc. (BAX)vs › | $12.34B | -1.61% | -0.86% | -2.74% | 0.22% |
| Encompass Health Corporation (EHC)vs › | $12.15B | 13.42% | 12.59% | 14.85% | 11.33% |
| DaVita Inc. (DVA)vs › | $12.15B | 11.18% | 11.30% | 9.75% | 9.57% |
ROIC
15.9%
ROE
29.9%
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 | 15.85% |
| 2026-03-31 | 15.87% |
| 2025-12-31 | 17.76% |
| 2025-09-30 | 5.29% |
| 2025-06-30 | 6.24% |
| 2025-03-31 | 6.69% |
| 2024-12-31 | 6.85% |
| 2024-09-30 | 7.88% |
| 2024-06-30 | 10.28% |
| 2024-03-31 | 10.49% |
| 2023-12-31 | 11.18% |
| 2023-09-30 | 9.94% |
| 2023-06-30 | 8.67% |
