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 -0.29% is 138% below its 5-year average of 0.76%, near the high end of its 5-year range (-9.39%–2.83%).
As of the fiscal period ended Tuesday, June 30, 2026. 94.02% above its 12-month average of -4.79%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): -0.29%.
RETURN ON INVESTED CAPITAL (ROIC)
-0.29%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
-4.79%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
-2.21%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
0.76%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
1.57%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
+94.02%
CURRENT VS 3Y AVG
+87.03%
CURRENT VS 5Y AVG
-137.63%
CURRENT VS 10Y AVG
-118.24%
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
-103.28%
vs the sector median at left
Viatris Inc.
Market Cap
$19.74B
Return on Invested Capital (ROIC)
-0.29%
TTM Avg
-4.79%
3Y Avg
-2.21%
5Y Avg
0.76%
Market Cap
$19.98B
Return on Invested Capital (ROIC)
8.74%
TTM Avg
7.84%
3Y Avg
7.14%
5Y Avg
6.51%
Market Cap
$21.00B
Return on Invested Capital (ROIC)
17.69%
TTM Avg
15.79%
3Y Avg
14.57%
5Y Avg
13.09%
Market Cap
$18.45B
Return on Invested Capital (ROIC)
5.51%
TTM Avg
5.58%
3Y Avg
5.01%
5Y Avg
4.00%
Market Cap
$17.09B
Return on Invested Capital (ROIC)
77.00%
TTM Avg
52.59%
3Y Avg
46.08%
5Y Avg
35.95%
Market Cap
$16.00B
Return on Invested Capital (ROIC)
2.91%
TTM Avg
2.97%
3Y Avg
3.43%
5Y Avg
5.52%
Market Cap
$15.38B
Return on Invested Capital (ROIC)
15.85%
TTM Avg
12.30%
3Y Avg
11.68%
5Y Avg
11.64%
Market Cap
$24.13B
Return on Invested Capital (ROIC)
-10.37%
TTM Avg
-4.85%
3Y Avg
9.52%
5Y Avg
19.51%
Market Cap
$14.67B
Return on Invested Capital (ROIC)
37.87%
TTM Avg
23.96%
3Y Avg
17.78%
5Y Avg
13.78%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Viatris Inc. (VTRS) | $19.74B | -0.29% | -4.79% | -2.21% | 0.76% |
| STERIS plc (STE)vs › | $19.98B | 8.74% | 7.84% | 7.14% | 6.51% |
| United Therapeutics Corporation (UTHR)vs › | $21.00B | 17.69% | 15.79% | 14.57% | 13.09% |
| Zimmer Biomet Holdings, Inc. (ZBH)vs › | $18.45B | 5.51% | 5.58% | 5.01% | 4.00% |
| Medpace Holdings, Inc. (MEDP)vs › | $17.09B | 77.00% | 52.59% | 46.08% | 35.95% |
| Revvity, Inc. (RVTY)vs › | $16.00B | 2.91% | 2.97% | 3.43% | 5.52% |
| Solventum Corporation (SOLV)vs › | $15.38B | 15.85% | 12.30% | 11.68% | 11.64% |
| BioNTech SE (BNTX)vs › | $24.13B | -10.37% | -4.85% | 9.52% | 19.51% |
| Exelixis, Inc. (EXEL)vs › | $14.67B | 37.87% | 23.96% | 17.78% | 13.78% |
| Incyte Corporation (INCY)vs › | $25.40B | 22.95% | 10.25% | 9.28% | 7.08% |
ROIC
-0.3%
ROE
-2.9%
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 | -0.29% |
| 2026-03-31 | 0.44% |
| 2025-12-31 | -8.29% |
| 2025-09-30 | -7.93% |
| 2025-06-30 | -7.90% |
| 2025-03-31 | -9.39% |
| 2024-12-31 | 0.03% |
| 2024-09-30 | -0.68% |
| 2024-06-30 | -0.10% |
| 2024-03-31 | 0.76% |
| 2023-12-31 | 1.01% |
| 2023-09-30 | 1.71% |
| 2023-06-30 | 1.88% |
| 2023-03-31 | 2.17% |
| 2022-12-31 | 2.68% |
| 2022-09-30 | 2.82% |
| 2022-06-30 | 2.83% |
| 2022-03-31 | 1.10% |
| 2021-12-31 | -0.07% |
| 2021-09-30 | -1.69% |
| 2021-06-30 | -1.64% |
| 2021-03-31 | -1.29% |
| 2020-12-31 | -0.39% |
| 2020-09-27 | 2.16% |
| 2020-06-28 | 2.52% |
| 2020-03-29 | 1.83% |
| 2019-12-31 | 1.45% |
| 2019-09-29 | 1.38% |
| 2019-06-29 | 1.36% |
| 2019-03-30 | 2.72% |
| 2018-12-30 | 3.14% |
| 2018-09-29 | 3.70% |
| 2018-06-29 | 3.07% |
| 2018-03-30 | 3.70% |
| 2017-12-30 | 3.55% |
| 2017-09-29 | 4.23% |
| 2017-06-29 | 2.83% |
| 2017-03-30 | 2.75% |
| 2016-12-30 | 2.34% |
| 2016-09-29 | 2.59% |
| 2016-06-29 | 5.41% |
| 2016-03-30 | 6.55% |
| 2015-12-30 | 7.06% |
| 2015-09-29 | 6.83% |
| 2015-06-29 | 6.50% |
| 2015-03-30 | 6.38% |
| 2014-12-30 | 9.74% |
| 2014-09-29 | 9.49% |
| 2014-06-29 | 6.97% |
