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 3.38% is 185% above its 5-year average of -3.96%, near the high end of its 5-year range (-8.19%–3.38%).
As of the fiscal period ended Tuesday, June 30, 2026. 400.43% above its 12-month average of 0.68%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 3.38%.
RETURN ON INVESTED CAPITAL (ROIC)
3.38%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
0.68%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
-2.21%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
-3.96%
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
+400.43%
CURRENT VS 3Y AVG
+253.34%
CURRENT VS 5Y AVG
+185.47%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · TECHNOLOGY
7.81%
median of 213 covered companies
CURRENT VS SECTOR MEDIAN
-56.66%
vs the sector median at left
Tenable Holdings, Inc.
Market Cap
$4.05B
Return on Invested Capital (ROIC)
3.38%
TTM Avg
0.68%
3Y Avg
-2.21%
5Y Avg
-3.96%
Market Cap
$4.03B
Return on Invested Capital (ROIC)
31.82%
TTM Avg
24.75%
3Y Avg
27.68%
5Y Avg
33.05%
Market Cap
$4.11B
Return on Invested Capital (ROIC)
-8.63%
TTM Avg
-20.68%
3Y Avg
-41.52%
5Y Avg
-38.64%
Market Cap
$4.17B
Return on Invested Capital (ROIC)
33.31%
TTM Avg
25.16%
3Y Avg
8.55%
5Y Avg
-1.46%
Market Cap
$3.87B
Return on Invested Capital (ROIC)
3.92%
TTM Avg
-7.49%
3Y Avg
-12.34%
5Y Avg
-10.82%
Market Cap
$3.79B
Return on Invested Capital (ROIC)
-33.24%
TTM Avg
4.75%
3Y Avg
-5.82%
5Y Avg
-10.73%
Market Cap
$3.78B
Return on Invested Capital (ROIC)
7.58%
TTM Avg
8.26%
3Y Avg
5.23%
5Y Avg
2.71%
Market Cap
$4.34B
Return on Invested Capital (ROIC)
0.32%
TTM Avg
-0.40%
3Y Avg
-2.28%
5Y Avg
-2.93%
Market Cap
$4.34B
Return on Invested Capital (ROIC)
0.23%
TTM Avg
-5.08%
3Y Avg
-3.35%
5Y Avg
-1.38%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Tenable Holdings, Inc. (TENB) | $4.05B | 3.38% | 0.68% | -2.21% | -3.96% |
| Dlocal Limited (DLO)vs › | $4.03B | 31.82% | 24.75% | 27.68% | 33.05% |
| Ondas Holdings Inc. (ONDS)vs › | $4.11B | -8.63% | -20.68% | -41.52% | -38.64% |
| Clear Secure, Inc. (YOU)vs › | $4.17B | 33.31% | 25.16% | 8.55% | -1.46% |
| Workiva Inc. (WK)vs › | $3.87B | 3.92% | -7.49% | -12.34% | -10.82% |
| Wix.com Ltd. (WIX)vs › | $3.79B | -33.24% | 4.75% | -5.82% | -10.73% |
| Itron, Inc. (ITRI)vs › | $3.78B | 7.58% | 8.26% | 5.23% | 2.71% |
| Bill.com Holdings, Inc. (BILL)vs › | $4.34B | 0.32% | -0.40% | -2.28% | -2.93% |
| AXT, Inc. (AXTI)vs › | $4.34B | 0.23% | -5.08% | -3.35% | -1.38% |
| Axcelis Technologies, Inc. (ACLS)vs › | $4.53B | 6.58% | 12.52% | 18.35% | 16.71% |
ROIC
3.4%
ROE
3.4%
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 | 3.38% |
| 2026-03-31 | 1.91% |
| 2025-12-31 | 0.13% |
| 2025-09-30 | -0.54% |
| 2025-06-30 | -1.51% |
| 2025-03-31 | -1.59% |
| 2024-12-31 | -0.68% |
| 2024-09-30 | -3.50% |
| 2024-06-30 | -4.25% |
| 2024-03-31 | -4.49% |
| 2023-12-31 | -5.60% |
| 2023-09-30 | -5.62% |
| 2023-06-30 | -6.35% |
| 2023-03-31 | -8.02% |
| 2022-12-31 | -7.85% |
| 2022-09-30 | -8.03% |
| 2022-06-30 | -8.19% |
| 2022-03-31 | -6.91% |
| 2021-12-31 | -5.46% |
| 2021-09-30 | -3.97% |
| 2021-06-30 | -6.04% |
| 2021-03-31 | -6.08% |
| 2020-12-31 | -11.54% |
| 2020-09-30 | -22.15% |
| 2020-06-30 | -30.63% |
| 2020-03-31 | -38.91% |
| 2019-12-31 | -39.31% |
| 2019-09-30 | -33.53% |
| 2019-06-30 | -40.66% |
| 2019-03-31 | -37.02% |
| 2018-12-31 | -35.18% |
| 2018-09-30 | -27.63% |
