Basis: Latest reported fiscal year. 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 18.45% is 19% below its 5-year average of 22.86%, near the low end of its 5-year range (15.04%–34.48%).
As of the fiscal period ended Wednesday, December 31, 2025. 3.36% above its 12-month average of 17.85%.
Annual fiscal-year return on invested capital; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
18.45%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
17.85%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
18.95%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
22.86%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
17.83%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
16.10%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
12.84%
CURRENT VS TTM AVG
+3.36%
CURRENT VS 3Y AVG
-2.66%
CURRENT VS 5Y AVG
-19.30%
CURRENT VS 10Y AVG
+3.46%
CURRENT VS 15Y AVG
+14.58%
CURRENT VS 20Y AVG
+43.72%
SECTOR MEDIAN · TECHNOLOGY
8.02%
median of 175 covered companies
CURRENT VS SECTOR MEDIAN
+130.05%
vs the sector median at left
Teradyne, Inc.
Market Cap
$57.56B
Return on Invested Capital (ROIC)
18.45%
TTM Avg
17.85%
3Y Avg
18.95%
5Y Avg
22.86%
Market Cap
$57.79B
Return on Invested Capital (ROIC)
11.03%
TTM Avg
11.97%
3Y Avg
13.63%
5Y Avg
0.71%
Market Cap
$56.66B
Return on Invested Capital (ROIC)
16.65%
TTM Avg
16.46%
3Y Avg
15.58%
5Y Avg
15.92%
Market Cap
$55.54B
Return on Invested Capital (ROIC)
0.75%
TTM Avg
-4.54%
3Y Avg
-1.13%
5Y Avg
0.66%
Market Cap
$59.64B
Return on Invested Capital (ROIC)
8.82%
TTM Avg
11.73%
3Y Avg
12.72%
5Y Avg
13.02%
Market Cap
$54.53B
Return on Invested Capital (ROIC)
8.02%
TTM Avg
7.76%
3Y Avg
11.85%
5Y Avg
12.05%
Market Cap
$53.37B
Return on Invested Capital (ROIC)
5.35%
TTM Avg
4.12%
3Y Avg
4.90%
5Y Avg
6.50%
Market Cap
$53.35B
Return on Invested Capital (ROIC)
12.40%
TTM Avg
0.21%
3Y Avg
-13.10%
5Y Avg
-13.10%
Market Cap
$52.97B
Return on Invested Capital (ROIC)
9.30%
TTM Avg
10.31%
3Y Avg
10.05%
5Y Avg
9.40%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Teradyne, Inc. (TER) | $57.56B | 18.45% | 17.85% | 18.95% | 22.86% |
| NXP Semiconductors N.V. (NXPI)vs › | $57.79B | 11.03% | 11.97% | 13.63% | 0.71% |
| Garmin Ltd. (GRMN)vs › | $56.66B | 16.65% | 16.46% | 15.58% | 15.92% |
| Lumentum Holdings Inc. (LITE)vs › | $55.54B | 0.75% | -4.54% | -1.13% | 0.66% |
| TE Connectivity plc (TEL)vs › | $59.64B | 8.82% | 11.73% | 12.72% | 13.02% |
| Keysight Technologies, Inc. (KEYS)vs › | $54.53B | 8.02% | 7.76% | 11.85% | 12.05% |
| Ciena Corporation (CIEN)vs › | $53.37B | 5.35% | 4.12% | 4.90% | 6.50% |
| Astera Labs, Inc. Common Stock (ALAB)vs › | $53.35B | 12.40% | 0.21% | -13.10% | -13.10% |
| Electronic Arts Inc. (EA)vs › | $52.97B | 9.30% | 10.31% | 10.05% | 9.40% |
| Hewlett Packard Enterprise Company (HPE)vs › | $63.40B | -0.59% | 1.82% | 3.45% | 3.64% |
ROIC
18.4%
ROE
27.2%
ROIC = NOPAT / Invested Capital
Return on invested capital measures the after-tax return a company earns on all capital (debt and equity) invested in the business.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | RETURN ON INVESTED CAPITAL (ROIC) |
|---|---|
| 2025-12-31 | 18.45% |
| 2024-12-31 | 17.25% |
| 2023-12-31 | 15.04% |
| 2022-12-31 | 25.08% |
| 2021-12-31 | 34.48% |
| 2020-12-31 | 26.88% |
| 2019-12-31 | 21.71% |
| 2018-12-31 | 20.52% |
| 2017-12-31 | 9.72% |
| 2016-12-31 | -2.08% |
| 2015-12-31 | 9.11% |
| 2014-12-31 | 3.66% |
| 2013-12-31 | 6.65% |
| 2012-12-31 | 10.99% |
| 2011-12-31 | 12.74% |
| 2010-12-31 | 27.43% |
| 2009-12-31 | -12.04% |
| 2008-12-31 | -38.43% |
| 2007-12-31 | 2.87% |
| 2006-12-31 | 12.18% |
| 2005-12-31 | -3.89% |
| 2004-12-31 | 8.08% |
| 2003-12-31 | -11.67% |
| 2002-12-31 | -34.24% |
| 2001-12-31 | -9.71% |
| 2000-12-31 | 28.53% |
| 1999-12-31 | 15.20% |
| 1998-12-31 | 8.79% |
| 1997-12-31 | 11.78% |
| 1996-12-31 | 9.34% |
