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 -3.66% is 42% above its 5-year average of -6.31%, near the high end of its 5-year range (-11.63%–-0.57%).
As of the fiscal period ended Tuesday, June 30, 2026. 30.25% above its 12-month average of -5.25%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): -3.66%.
RETURN ON INVESTED CAPITAL (ROIC)
-3.66%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
-5.25%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
-8.00%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
-6.31%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
1.77%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
4.69%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
4.41%
CURRENT VS TTM AVG
+30.25%
CURRENT VS 3Y AVG
+54.26%
CURRENT VS 5Y AVG
+42.00%
CURRENT VS 10Y AVG
-307.38%
CURRENT VS 15Y AVG
-178.01%
CURRENT VS 20Y AVG
-183.06%
SECTOR MEDIAN · TECHNOLOGY
0.43%
median of 609 covered companies
CURRENT VS SECTOR MEDIAN
-951.47%
vs the sector median at left
Tucows Inc.
Market Cap
$102.85M
Return on Invested Capital (ROIC)
-3.66%
TTM Avg
-5.25%
3Y Avg
-8.00%
5Y Avg
-6.31%
Market Cap
$104.43M
Return on Invested Capital (ROIC)
-162.28%
TTM Avg
-116.37%
3Y Avg
-347.83%
5Y Avg
-231.55%
Market Cap
$99.16M
Return on Invested Capital (ROIC)
N/A
TTM Avg
-10.55%
3Y Avg
-4.67%
5Y Avg
0.36%
Market Cap
$87.41M
Return on Invested Capital (ROIC)
-12.11%
TTM Avg
-17.81%
3Y Avg
-10.74%
5Y Avg
-7.07%
Market Cap
$92.06M
Return on Invested Capital (ROIC)
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$87.79M
Return on Invested Capital (ROIC)
-100.20%
TTM Avg
-453.44%
3Y Avg
-337.04%
5Y Avg
-239.25%
Market Cap
$85.59M
Return on Invested Capital (ROIC)
-17.86%
TTM Avg
-17.89%
3Y Avg
-39.13%
5Y Avg
-52.95%
Market Cap
$118.49M
Return on Invested Capital (ROIC)
-42.75%
TTM Avg
-1436.87%
3Y Avg
-1436.87%
5Y Avg
-1436.87%
Market Cap
$131.04M
Return on Invested Capital (ROIC)
N/A
TTM Avg
5.97%
3Y Avg
8.14%
5Y Avg
8.14%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Tucows Inc. (TCX) | $102.85M | -3.66% | -5.25% | -8.00% | -6.31% |
| Roadzen, Inc. (RDZN)vs › | $104.43M | -162.28% | -116.37% | -347.83% | -231.55% |
| GCL Global Holdings Ltd Ordinary Shares (GCL)vs › | $99.16M | N/A | -10.55% | -4.67% | 0.36% |
| Interlink Electronics, Inc. (LINK)vs › | $87.41M | -12.11% | -17.81% | -10.74% | -7.07% |
| WISeQey Corp (WQEY)vs › | $92.06M | N/A | N/A | N/A | N/A |
| Wrap Technologies, Inc. (WRAP)vs › | $87.79M | -100.20% | -453.44% | -337.04% | -239.25% |
| AudioEye, Inc. (AEYE)vs › | $85.59M | -17.86% | -17.89% | -39.13% | -52.95% |
| RTB Digital Inc (RTB)vs › | $118.49M | -42.75% | -1436.87% | -1436.87% | -1436.87% |
| CTW Cayman Class A Ordinary Shares (CTW)vs › | $131.04M | N/A | 5.97% | 8.14% | 8.14% |
| SkyAI, Inc. (SKYA)vs › | $81.68M | -11.94% | -4.97% | -4.97% | -4.97% |
ROIC
-3.7%
ROE
N/A
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 | -3.66% |
| 2026-03-31 | -3.16% |
| 2025-12-31 | -4.21% |
| 2025-09-30 | -6.95% |
| 2025-06-30 | -8.27% |
| 2025-03-31 | -9.20% |
| 2024-12-31 | -11.63% |
| 2024-09-30 | -8.40% |
| 2024-06-30 | -10.39% |
| 2024-03-31 | -10.85% |
| 2023-12-31 | -9.53% |
| 2023-09-30 | -9.68% |
| 2023-06-30 | -8.13% |
| 2023-03-31 | -9.01% |
| 2022-12-31 | -6.64% |
| 2022-09-30 | -4.36% |
| 2022-06-30 | -3.50% |
| 2022-03-31 | -1.66% |
| 2021-12-31 | -1.17% |
| 2021-09-30 | -1.60% |
| 2021-06-30 | -0.57% |
| 2021-03-31 | 0.12% |
| 2020-12-31 | 1.32% |
| 2020-09-30 | 4.10% |
| 2020-06-30 | 5.74% |
| 2020-03-31 | 6.76% |
| 2019-12-31 | 6.83% |
| 2019-09-30 | 6.45% |
| 2019-06-30 | 7.05% |
| 2019-03-31 | 7.63% |
| 2018-12-31 | 9.97% |
| 2018-09-30 | 14.35% |
| 2018-06-30 | 13.22% |
| 2018-03-31 | 14.04% |
| 2017-12-31 | 13.19% |
| 2017-09-30 | 8.56% |
| 2017-06-30 | 8.85% |
| 2017-03-31 | 7.91% |
| 2016-12-31 | 22.19% |
| 2016-09-30 | 23.36% |
| 2016-06-30 | 23.31% |
| 2016-03-31 | 20.32% |
| 2015-12-31 | 21.00% |
| 2015-09-30 | 18.14% |
| 2015-06-30 | 15.42% |
| 2015-03-31 | 14.74% |
| 2014-12-31 | 11.58% |
| 2014-09-30 | 10.30% |
| 2014-06-30 | 9.61% |
| 2014-03-31 | 8.59% |
| 2013-12-31 | 8.18% |
| 2013-09-30 | 7.21% |
| 2013-06-30 | 5.92% |
| 2013-03-31 | 6.05% |
| 2012-12-31 | 8.11% |
| 2012-09-30 | 15.28% |
| 2012-06-30 | 9.49% |
| 2012-03-31 | 8.67% |
| 2011-12-31 | 5.87% |
| 2011-09-30 | 2.41% |
| 2011-06-30 | 7.02% |
| 2011-03-31 | 4.32% |
| 2010-12-31 | 4.73% |
| 2010-09-30 | 5.13% |
| 2010-06-30 | 8.61% |
| 2010-03-31 | 14.74% |
| 2009-12-31 | 13.93% |
| 2009-09-30 | 7.75% |
| 2009-06-30 | 0.91% |
| 2009-03-31 | -2.34% |
| 2008-12-31 | -5.95% |
| 2008-09-30 | -1.94% |
| 2008-06-30 | -2.63% |
| 2008-03-31 | 1.82% |
| 2007-12-31 | 4.70% |
| 2007-09-30 | 6.20% |
| 2007-06-30 | 8.95% |
| 2007-03-31 | 1.33% |
| 2006-12-31 | -0.49% |
| 2006-09-30 | 0.00% |
| 2006-06-30 | 1.00% |
| 2006-03-31 | 3.61% |
| 2005-12-31 | 7.65% |
| 2005-09-30 | 9.15% |
| 2005-06-30 | 10.25% |
| 2005-03-31 | 12.24% |
| 2004-12-31 | 12.58% |
| 2004-09-30 | 7.38% |
| 2004-06-30 | 5.20% |
| 2004-03-31 | 2.34% |
| 2003-12-31 | 5.86% |
| 2003-09-30 | 9.72% |
| 2003-06-30 | 8.24% |
