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 5.87% is 176% above its 5-year average of -7.70%, near the high end of its 5-year range (-43.96%–10.94%).
As of the fiscal period ended Tuesday, June 30, 2026. 32.55% below its 12-month average of 8.71%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 5.87%.
RETURN ON INVESTED CAPITAL (ROIC)
5.87%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
8.71%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
3.42%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
-7.70%
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
-32.55%
CURRENT VS 3Y AVG
+71.58%
CURRENT VS 5Y AVG
+176.24%
CURRENT VS 10Y AVG
N/A
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
-32.85%
vs the sector median at left
TransMedics Group, Inc.
Market Cap
$2.99B
Return on Invested Capital (ROIC)
5.87%
TTM Avg
8.71%
3Y Avg
3.42%
5Y Avg
-7.70%
Market Cap
$1.91B
Return on Invested Capital (ROIC)
10.03%
TTM Avg
-6.49%
3Y Avg
-7.14%
5Y Avg
-3.83%
Market Cap
$1.14B
Return on Invested Capital (ROIC)
-7.32%
TTM Avg
-21.18%
3Y Avg
-91.27%
5Y Avg
-61.58%
Market Cap
$4.88B
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
$463.35M
Return on Invested Capital (ROIC)
8.75%
TTM Avg
20.32%
3Y Avg
26.86%
5Y Avg
29.17%
Market Cap
$5.59B
Return on Invested Capital (ROIC)
-90.04%
TTM Avg
-83.71%
3Y Avg
-67.61%
5Y Avg
-57.95%
Market Cap
$376.61M
Return on Invested Capital (ROIC)
-25.26%
TTM Avg
-29.12%
3Y Avg
-26.65%
5Y Avg
-26.65%
Market Cap
$45.05M
Return on Invested Capital (ROIC)
-3699.99%
TTM Avg
-104.88%
3Y Avg
-89.50%
5Y Avg
-74.29%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| TransMedics Group, Inc. (TMDX) | $2.99B | 5.87% | 8.71% | 3.42% | -7.70% |
| DENTSPLY SIRONA Inc. (XRAY)vs › | $1.91B | 10.03% | -6.49% | -7.14% | -3.83% |
| Teladoc Health, Inc. (TDOC)vs › | $1.14B | -7.32% | -21.18% | -91.27% | -61.58% |
| Doximity, Inc. (DOCS)vs › | $4.88B | 15.35% | 17.38% | 14.85% | 17.21% |
| Merit Medical Systems, Inc. (MMSI)vs › | $5.10B | 5.80% | 5.65% | 5.40% | 4.23% |
| NRC Health (NRC)vs › | $463.35M | 8.75% | 20.32% | 26.86% | 29.17% |
| Scholar Rock Holding Corporation (SRRK)vs › | $5.59B | -90.04% | -83.71% | -67.61% | -57.95% |
| Shoulder Innovations, Inc. (SI)vs › | $376.61M | -25.26% | -29.12% | -26.65% | -26.65% |
| PDS Biotechnology Corporation (PDSB)vs › | $45.05M | -3699.99% | -104.88% | -89.50% | -74.29% |
| Hims & Hers Health, Inc. (HIMS)vs › | $6.24B | -4.30% | 9.38% | -2.79% | -9.92% |
ROIC
5.9%
ROE
29.3%
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 | 5.87% |
| 2026-03-31 | 6.95% |
| 2025-12-31 | 10.94% |
| 2025-09-30 | 10.88% |
| 2025-06-30 | 8.88% |
| 2025-03-31 | 6.57% |
| 2024-12-31 | 4.98% |
| 2024-09-30 | 4.33% |
| 2024-06-30 | -0.11% |
| 2024-03-31 | -2.11% |
| 2023-12-31 | -4.41% |
| 2023-09-30 | -5.95% |
| 2023-06-30 | -2.33% |
| 2023-03-31 | -9.29% |
| 2022-12-31 | -12.40% |
| 2022-09-30 | -14.08% |
| 2022-06-30 | -43.96% |
| 2022-03-31 | -40.24% |
| 2021-12-31 | -35.31% |
| 2021-09-30 | -29.50% |
| 2021-06-30 | -21.43% |
| 2021-03-31 | -18.56% |
| 2020-12-31 | -18.83% |
| 2020-09-30 | -20.03% |
| 2020-06-30 | -21.31% |
| 2020-03-31 | -38.66% |
| 2019-12-31 | -33.19% |
| 2019-09-28 | -27.83% |
| 2019-06-29 | -22.69% |
| 2019-03-30 | -94.95% |
| 2018-12-31 | -68.36% |
| 2018-09-30 | -49.63% |
| 2018-06-30 | -45.80% |
| 2017-12-30 | -73.61% |
