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 8.74% is 65% above its 5-year average of 5.28%, near the high end of its 5-year range (0.74%–8.74%).
As of the fiscal period ended Tuesday, June 30, 2026. 8.50% above its 12-month average of 8.05%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q1 FY2027 (2026-06-30): 8.74%.
RETURN ON INVESTED CAPITAL (ROIC)
8.74%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
8.05%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
7.42%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
5.28%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
5.82%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
6.95%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
7.61%
CURRENT VS TTM AVG
+8.50%
CURRENT VS 3Y AVG
+17.73%
CURRENT VS 5Y AVG
+65.44%
CURRENT VS 10Y AVG
+50.04%
CURRENT VS 15Y AVG
+25.78%
CURRENT VS 20Y AVG
+14.85%
SECTOR MEDIAN · HEALTHCARE
8.75%
median of 90 covered companies
CURRENT VS SECTOR MEDIAN
-0.09%
vs the sector median at left
STERIS plc
Market Cap
$20.36B
Return on Invested Capital (ROIC)
8.74%
TTM Avg
8.05%
3Y Avg
7.42%
5Y Avg
5.28%
Market Cap
$20.18B
Return on Invested Capital (ROIC)
17.69%
TTM Avg
15.79%
3Y Avg
14.57%
5Y Avg
13.09%
Market Cap
$20.76B
Return on Invested Capital (ROIC)
-0.29%
TTM Avg
-4.13%
3Y Avg
-1.14%
5Y Avg
-0.84%
Market Cap
$17.61B
Return on Invested Capital (ROIC)
5.51%
TTM Avg
5.58%
3Y Avg
5.01%
5Y Avg
4.00%
Market Cap
$17.27B
Return on Invested Capital (ROIC)
77.00%
TTM Avg
52.59%
3Y Avg
46.08%
5Y Avg
35.95%
Market Cap
$16.86B
Return on Invested Capital (ROIC)
2.91%
TTM Avg
2.97%
3Y Avg
3.43%
5Y Avg
5.52%
Market Cap
$24.75B
Return on Invested Capital (ROIC)
-10.37%
TTM Avg
-4.85%
3Y Avg
9.52%
5Y Avg
19.51%
Market Cap
$25.11B
Return on Invested Capital (ROIC)
22.95%
TTM Avg
10.25%
3Y Avg
9.28%
5Y Avg
7.08%
Market Cap
$15.50B
Return on Invested Capital (ROIC)
15.85%
TTM Avg
12.30%
3Y Avg
11.68%
5Y Avg
11.64%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| STERIS plc (STE) | $20.36B | 8.74% | 8.05% | 7.42% | 5.28% |
| United Therapeutics Corporation (UTHR)vs › | $20.18B | 17.69% | 15.79% | 14.57% | 13.09% |
| Viatris Inc. (VTRS)vs › | $20.76B | -0.29% | -4.13% | -1.14% | -0.84% |
| Zimmer Biomet Holdings, Inc. (ZBH)vs › | $17.61B | 5.51% | 5.58% | 5.01% | 4.00% |
| Medpace Holdings, Inc. (MEDP)vs › | $17.27B | 77.00% | 52.59% | 46.08% | 35.95% |
| Revvity, Inc. (RVTY)vs › | $16.86B | 2.91% | 2.97% | 3.43% | 5.52% |
| BioNTech SE (BNTX)vs › | $24.75B | -10.37% | -4.85% | 9.52% | 19.51% |
| Incyte Corporation (INCY)vs › | $25.11B | 22.95% | 10.25% | 9.28% | 7.08% |
| Solventum Corporation (SOLV)vs › | $15.50B | 15.85% | 12.30% | 11.68% | 11.64% |
| Labcorp Holdings Inc. (LH)vs › | $25.39B | 8.02% | 6.33% | 5.68% | 7.63% |
ROIC
8.7%
ROE
11.2%
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 | 8.74% |
| 2026-03-31 | 8.47% |
| 2025-12-31 | 7.84% |
| 2025-09-30 | 7.77% |
| 2025-06-30 | 7.45% |
| 2025-03-31 | 7.20% |
| 2024-12-31 | 7.58% |
| 2024-09-30 | 7.28% |
| 2024-06-30 | 7.17% |
| 2024-03-31 | 6.63% |
| 2023-12-31 | 6.58% |
| 2023-09-30 | 6.37% |
| 2023-06-30 | 2.05% |
| 2023-03-31 | 1.80% |
| 2022-12-31 | 0.74% |
| 2022-09-30 | 0.83% |
| 2022-06-30 | 4.29% |
| 2022-03-31 | 3.09% |
| 2021-12-31 | 3.22% |
| 2021-09-30 | 2.86% |
| 2021-06-30 | 2.98% |
| 2021-03-31 | 7.01% |
| 2020-12-31 | 7.54% |
| 2020-09-30 | 8.87% |
| 2020-06-30 | 8.93% |
| 2020-03-31 | 8.89% |
| 2019-12-31 | 8.65% |
| 2019-09-30 | 7.77% |
| 2019-06-30 | 7.38% |
| 2019-03-31 | 7.37% |
| 2018-12-31 | 6.67% |
| 2018-09-30 | 7.66% |
| 2018-06-30 | 7.31% |
| 2018-03-31 | 6.86% |
| 2017-12-31 | 5.86% |
| 2017-09-30 | 3.63% |
| 2017-06-30 | 3.12% |
| 2017-03-31 | 3.00% |
| 2016-12-31 | 3.73% |
| 2016-09-30 | 4.18% |
| 2016-06-30 | 3.40% |
| 2016-03-31 | 2.79% |
| 2015-12-31 | 2.36% |
| 2015-09-30 | 6.15% |
| 2015-06-30 | 7.70% |
| 2015-03-31 | 8.10% |
| 2014-12-31 | 8.12% |
| 2014-09-30 | 7.55% |
| 2014-06-30 | 7.31% |
| 2014-03-31 | 8.70% |
| 2013-12-31 | 9.22% |
| 2013-09-30 | 10.41% |
| 2013-06-30 | 11.10% |
| 2013-03-31 | 11.09% |
| 2012-12-31 | 11.17% |
| 2012-09-30 | 11.14% |
| 2012-06-30 | 12.77% |
| 2012-03-31 | 12.72% |
| 2011-12-31 | 12.81% |
| 2011-09-30 | 11.83% |
| 2011-06-30 | 11.97% |
| 2011-03-31 | 5.47% |
| 2010-12-31 | 4.76% |
| 2010-09-30 | 6.85% |
| 2010-06-30 | 6.71% |
| 2010-03-31 | 13.10% |
| 2009-12-31 | 11.96% |
| 2009-09-30 | 11.19% |
| 2009-06-30 | 11.18% |
| 2009-03-31 | 11.49% |
| 2008-12-31 | 11.26% |
| 2008-09-30 | 9.71% |
| 2008-06-30 | 9.15% |
| 2008-03-31 | 7.88% |
| 2007-12-31 | 8.33% |
| 2007-09-30 | 8.10% |
| 2007-06-30 | 12.32% |
| 2007-03-31 | 12.50% |
| 2006-12-31 | 10.24% |
| 2006-09-30 | 10.46% |
| 2006-06-30 | 9.79% |
| 2006-03-31 | 10.47% |
| 2005-12-31 | 12.53% |
| 2005-09-30 | 12.52% |
| 2005-06-30 | 8.94% |
| 2005-03-31 | 8.98% |
| 2004-12-31 | 9.87% |
| 2004-09-30 | 10.59% |
| 2004-06-30 | 11.10% |
| 2004-03-31 | 10.86% |
| 2003-12-31 | 11.01% |
| 2003-09-30 | 10.93% |
| 2003-06-30 | 10.85% |
