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 -7.32% is 84% above its 5-year average of -45.27%, near the high end of its 5-year range (-316.43%–-1.53%).
As of the fiscal period ended Tuesday, June 30, 2026. 21.87% above its 12-month average of -9.37%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): -7.32%.
RETURN ON INVESTED CAPITAL (ROIC)
-7.32%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
-9.37%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
-17.43%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
-45.27%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
-12.71%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
+21.87%
CURRENT VS 3Y AVG
+57.99%
CURRENT VS 5Y AVG
+83.83%
CURRENT VS 10Y AVG
+42.40%
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
-183.72%
vs the sector median at left
Teladoc Health, Inc.
Market Cap
$1.14B
Return on Invested Capital (ROIC)
-7.32%
TTM Avg
-9.37%
3Y Avg
-17.43%
5Y Avg
-45.27%
Market Cap
$479.36M
Return on Invested Capital (ROIC)
8.75%
TTM Avg
20.32%
3Y Avg
26.86%
5Y Avg
29.17%
Market Cap
$1.89B
Return on Invested Capital (ROIC)
10.03%
TTM Avg
-6.49%
3Y Avg
-7.14%
5Y Avg
-3.83%
Market Cap
$363.33M
Return on Invested Capital (ROIC)
-25.26%
TTM Avg
-29.12%
3Y Avg
-26.65%
5Y Avg
-26.65%
Market Cap
$47.08M
Return on Invested Capital (ROIC)
-3699.99%
TTM Avg
-104.88%
3Y Avg
-89.50%
5Y Avg
-74.29%
Market Cap
$3.02B
Return on Invested Capital (ROIC)
5.87%
TTM Avg
7.96%
3Y Avg
-0.22%
5Y Avg
-9.17%
Market Cap
$5.02B
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
$5.77B
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 |
|---|---|---|---|---|---|
| Teladoc Health, Inc. (TDOC) | $1.14B | -7.32% | -9.37% | -17.43% | -45.27% |
| NRC Health (NRC)vs › | $479.36M | 8.75% | 20.32% | 26.86% | 29.17% |
| DENTSPLY SIRONA Inc. (XRAY)vs › | $1.89B | 10.03% | -6.49% | -7.14% | -3.83% |
| Shoulder Innovations, Inc. (SI)vs › | $363.33M | -25.26% | -29.12% | -26.65% | -26.65% |
| PDS Biotechnology Corporation (PDSB)vs › | $47.08M | -3699.99% | -104.88% | -89.50% | -74.29% |
| TransMedics Group, Inc. (TMDX)vs › | $3.02B | 5.87% | 7.96% | -0.22% | -9.17% |
| Doximity, Inc. (DOCS)vs › | $5.02B | 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 › | $5.77B | -90.04% | -83.71% | -67.61% | -57.95% |
| Chemed Corporation (CHE)vs › | $6.53B | 19.48% | 18.99% | 19.98% | 22.15% |
ROIC
-7.3%
ROE
-13.5%
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 | -7.32% |
| 2026-03-31 | -7.95% |
| 2025-12-31 | -9.71% |
| 2025-09-30 | -11.13% |
| 2025-06-30 | -10.74% |
| 2025-03-31 | -34.65% |
| 2024-12-31 | -32.66% |
| 2024-09-30 | -32.01% |
| 2024-06-30 | -32.70% |
| 2024-03-31 | -6.58% |
| 2023-12-31 | -6.26% |
| 2023-09-30 | -102.64% |
| 2023-06-30 | -102.62% |
| 2023-03-31 | -179.77% |
| 2022-12-31 | -316.43% |
| 2022-09-30 | -128.42% |
| 2022-06-30 | -127.64% |
| 2022-03-31 | -63.51% |
| 2021-12-31 | -1.53% |
| 2021-09-30 | -3.93% |
| 2021-06-30 | -3.70% |
| 2021-03-31 | -3.29% |
| 2020-12-31 | -2.90% |
| 2020-09-30 | -1.95% |
| 2020-06-30 | -2.78% |
| 2020-03-31 | -5.22% |
| 2019-12-31 | -5.32% |
| 2019-09-30 | -5.58% |
| 2019-06-30 | -5.25% |
| 2019-03-31 | -5.04% |
| 2018-12-31 | -4.83% |
| 2018-09-30 | -5.25% |
| 2018-06-30 | -7.29% |
| 2018-03-31 | -10.22% |
| 2017-12-31 | -9.62% |
| 2017-09-30 | -7.63% |
| 2017-06-30 | -9.59% |
| 2017-03-31 | -15.85% |
| 2016-12-31 | -22.02% |
| 2016-09-30 | -21.62% |
| 2016-06-30 | -29.21% |
| 2016-03-31 | -28.98% |
| 2015-12-31 | -26.19% |
| 2015-09-30 | -20.99% |
| 2015-06-30 | -47.44% |
| 2015-03-31 | -36.17% |
| 2014-12-31 | -18.98% |
