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 1.89% is 69% below its 5-year average of 6.00%, near the low end of its 5-year range (1.89%–8.87%).
As of the fiscal period ended Tuesday, June 30, 2026. 37.79% below its 12-month average of 3.03%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 1.89%.
RETURN ON INVESTED CAPITAL (ROIC)
1.89%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
3.03%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
5.27%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
6.00%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
-0.21%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
-0.70%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
-0.40%
CURRENT VS TTM AVG
-37.79%
CURRENT VS 3Y AVG
-64.20%
CURRENT VS 5Y AVG
-68.60%
CURRENT VS 10Y AVG
+1011.57%
CURRENT VS 15Y AVG
+369.90%
CURRENT VS 20Y AVG
+565.75%
SECTOR MEDIAN · TECHNOLOGY
8.17%
median of 193 covered companies
CURRENT VS SECTOR MEDIAN
-76.92%
vs the sector median at left
Veeco Instruments Inc.
Market Cap
$2.53B
Return on Invested Capital (ROIC)
1.89%
TTM Avg
3.03%
3Y Avg
5.27%
5Y Avg
6.00%
Market Cap
$2.62B
Return on Invested Capital (ROIC)
-8.92%
TTM Avg
-10.88%
3Y Avg
-11.48%
5Y Avg
-9.39%
Market Cap
$2.40B
Return on Invested Capital (ROIC)
-56.00%
TTM Avg
-53.44%
3Y Avg
-54.44%
5Y Avg
-51.23%
Market Cap
$2.35B
Return on Invested Capital (ROIC)
3.87%
TTM Avg
-0.56%
3Y Avg
-3.25%
5Y Avg
-4.81%
Market Cap
$2.18B
Return on Invested Capital (ROIC)
-19.86%
TTM Avg
-14.52%
3Y Avg
-35.29%
5Y Avg
-25.00%
Market Cap
$2.88B
Return on Invested Capital (ROIC)
9.24%
TTM Avg
8.32%
3Y Avg
11.76%
5Y Avg
9.86%
Market Cap
$2.94B
Return on Invested Capital (ROIC)
-9.32%
TTM Avg
-17.80%
3Y Avg
-18.59%
5Y Avg
-15.30%
Market Cap
$1.99B
Return on Invested Capital (ROIC)
-1.90%
TTM Avg
-11.84%
3Y Avg
-11.84%
5Y Avg
-11.84%
Market Cap
$1.90B
Return on Invested Capital (ROIC)
-4.70%
TTM Avg
-10.29%
3Y Avg
-23.95%
5Y Avg
-53.13%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Veeco Instruments Inc. (VECO) | $2.53B | 1.89% | 3.03% | 5.27% | 6.00% |
| Bitdeer Technologies Group (BTDR)vs › | $2.62B | -8.92% | -10.88% | -11.48% | -9.39% |
| Asana, Inc. (ASAN)vs › | $2.40B | -56.00% | -53.44% | -54.44% | -51.23% |
| nCino, Inc. (NCNO)vs › | $2.35B | 3.87% | -0.56% | -3.25% | -4.81% |
| Keel Infrastructure Corp. (KEEL)vs › | $2.18B | -19.86% | -14.52% | -35.29% | -25.00% |
| Bel Fuse Inc. (BELFB)vs › | $2.88B | 9.24% | 8.32% | 11.76% | 9.86% |
| Ambarella, Inc. (AMBA)vs › | $2.94B | -9.32% | -17.80% | -18.59% | -15.30% |
| SharonAI Holdings, Inc. Class A Common Stock (SHAZ)vs › | $1.99B | -1.90% | -11.84% | -11.84% | -11.84% |
| Quantum Computing, Inc. (QUBT)vs › | $1.90B | -4.70% | -10.29% | -23.95% | -53.13% |
| Ichor Holdings, Ltd. (ICHR)vs › | $1.85B | -2.29% | -2.83% | 0.50% | 2.30% |
ROIC
1.9%
ROE
2.6%
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 | 1.89% |
| 2026-03-31 | 1.99% |
| 2025-12-31 | 2.80% |
| 2025-09-30 | 3.59% |
| 2025-06-30 | 4.89% |
| 2025-03-31 | 5.37% |
| 2024-12-31 | 6.17% |
| 2024-09-30 | 7.30% |
| 2024-06-30 | 7.73% |
| 2024-03-31 | 8.01% |
| 2023-12-31 | 6.92% |
| 2023-09-30 | 6.05% |
| 2023-06-30 | 5.75% |
| 2023-03-31 | 5.95% |
| 2022-12-31 | 6.77% |
| 2022-09-30 | 8.53% |
| 2022-06-30 | 8.61% |
| 2022-03-31 | 8.87% |
| 2021-12-31 | 7.99% |
| 2021-09-30 | 5.99% |
| 2021-06-30 | 4.94% |
| 2021-03-31 | 3.51% |
| 2020-12-31 | 3.00% |
| 2020-09-30 | 0.69% |
| 2020-06-30 | -1.25% |
| 2020-03-31 | -2.96% |
| 2019-12-31 | -5.66% |
| 2019-09-30 | -23.84% |
| 2019-06-30 | -23.15% |
| 2019-03-31 | -56.86% |
| 2018-12-31 | -56.09% |
| 2018-09-30 | -32.83% |
| 2018-06-30 | -34.01% |
| 2018-03-31 | -6.01% |
| 2017-12-31 | -5.48% |
| 2017-09-30 | -4.84% |
| 2017-06-30 | -8.91% |
| 2017-03-31 | -11.69% |
| 2016-12-31 | -19.56% |
| 2016-09-30 | -20.27% |
| 2016-06-30 | -7.31% |
| 2016-03-31 | -3.22% |
| 2015-12-31 | -3.19% |
| 2015-09-30 | -10.31% |
| 2015-06-30 | -13.70% |
| 2015-03-31 | -15.23% |
| 2014-12-31 | -10.40% |
| 2014-09-30 | -6.13% |
| 2014-06-30 | -5.13% |
| 2014-03-31 | -3.99% |
| 2013-12-31 | -8.76% |
| 2013-09-30 | -5.26% |
| 2013-06-30 | -2.81% |
| 2013-03-31 | -0.12% |
| 2012-12-31 | 3.34% |
| 2012-09-30 | 7.22% |
| 2012-06-30 | 12.78% |
| 2012-03-31 | 14.42% |
| 2011-12-31 | 19.71% |
| 2011-09-30 | 30.64% |
| 2011-06-30 | 31.35% |
| 2011-03-31 | 32.43% |
| 2010-12-31 | 31.43% |
| 2010-09-30 | 30.22% |
| 2010-06-30 | 18.21% |
| 2010-03-31 | 7.26% |
| 2009-12-31 | -1.59% |
| 2009-09-30 | -34.39% |
| 2009-06-30 | -36.42% |
| 2009-03-31 | -28.85% |
| 2008-12-31 | -21.30% |
| 2008-09-30 | -0.47% |
| 2008-06-30 | -1.47% |
| 2008-03-31 | -3.16% |
| 2007-12-31 | -2.82% |
| 2007-09-30 | 0.85% |
| 2007-06-30 | 2.53% |
| 2007-03-31 | 3.95% |
| 2006-12-31 | 3.60% |
| 2006-09-30 | 2.76% |
| 2006-06-30 | 2.15% |
| 2006-03-31 | 1.72% |
| 2005-12-31 | 1.26% |
| 2005-09-30 | -2.61% |
| 2005-06-30 | -3.59% |
| 2005-03-31 | -3.02% |
| 2004-12-31 | -2.38% |
| 2004-09-30 | -0.12% |
| 2004-06-30 | -0.37% |
| 2004-03-31 | -1.38% |
| 2003-12-31 | -1.73% |
| 2003-09-30 | -24.92% |
| 2003-06-30 | -24.98% |