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 10.03% is 331% above its 5-year average of -4.33%, near the high end of its 5-year range (-20.37%–10.03%).
As of the fiscal period ended Tuesday, June 30, 2026. 553.12% above its 12-month average of -2.21%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 10.03%.
RETURN ON INVESTED CAPITAL (ROIC)
10.03%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
-2.21%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
-5.63%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
-4.33%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
-4.43%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
-0.44%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
4.85%
CURRENT VS TTM AVG
+553.12%
CURRENT VS 3Y AVG
+278.15%
CURRENT VS 5Y AVG
+331.40%
CURRENT VS 10Y AVG
+326.55%
CURRENT VS 15Y AVG
+2377.54%
CURRENT VS 20Y AVG
+106.63%
SECTOR MEDIAN · HEALTHCARE
8.75%
median of 90 covered companies
CURRENT VS SECTOR MEDIAN
+14.70%
vs the sector median at left
DENTSPLY SIRONA Inc.
Market Cap
$2.10B
Return on Invested Capital (ROIC)
10.03%
TTM Avg
-2.21%
3Y Avg
-5.63%
5Y Avg
-4.33%
Market Cap
$2.84B
Return on Invested Capital (ROIC)
5.87%
TTM Avg
7.96%
3Y Avg
-0.22%
5Y Avg
-9.17%
Market Cap
$1.12B
Return on Invested Capital (ROIC)
-7.32%
TTM Avg
-21.18%
3Y Avg
-91.27%
5Y Avg
-61.58%
Market Cap
$475.98M
Return on Invested Capital (ROIC)
8.75%
TTM Avg
20.32%
3Y Avg
26.86%
5Y Avg
29.17%
Market Cap
$384.28M
Return on Invested Capital (ROIC)
-25.26%
TTM Avg
-29.12%
3Y Avg
-26.65%
5Y Avg
-26.65%
Market Cap
$16.49M
Return on Invested Capital (ROIC)
-3699.99%
TTM Avg
-104.88%
3Y Avg
-89.50%
5Y Avg
-74.29%
Market Cap
$4.78B
Return on Invested Capital (ROIC)
15.35%
TTM Avg
17.38%
3Y Avg
14.85%
5Y Avg
17.21%
Market Cap
$5.16B
Return on Invested Capital (ROIC)
5.80%
TTM Avg
5.65%
3Y Avg
5.40%
5Y Avg
4.23%
Market Cap
$6.14B
Return on Invested Capital (ROIC)
-4.30%
TTM Avg
9.38%
3Y Avg
-2.79%
5Y Avg
-9.92%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| DENTSPLY SIRONA Inc. (XRAY) | $2.10B | 10.03% | -2.21% | -5.63% | -4.33% |
| TransMedics Group, Inc. (TMDX)vs › | $2.84B | 5.87% | 7.96% | -0.22% | -9.17% |
| Teladoc Health, Inc. (TDOC)vs › | $1.12B | -7.32% | -21.18% | -91.27% | -61.58% |
| NRC Health (NRC)vs › | $475.98M | 8.75% | 20.32% | 26.86% | 29.17% |
| Shoulder Innovations, Inc. (SI)vs › | $384.28M | -25.26% | -29.12% | -26.65% | -26.65% |
| PDS Biotechnology Corporation (PDSB)vs › | $16.49M | -3699.99% | -104.88% | -89.50% | -74.29% |
| Doximity, Inc. (DOCS)vs › | $4.78B | 15.35% | 17.38% | 14.85% | 17.21% |
| Merit Medical Systems, Inc. (MMSI)vs › | $5.16B | 5.80% | 5.65% | 5.40% | 4.23% |
| Hims & Hers Health, Inc. (HIMS)vs › | $6.14B | -4.30% | 9.38% | -2.79% | -9.92% |
| Scholar Rock Holding Corporation (SRRK)vs › | $6.64B | -90.04% | -83.71% | -67.61% | -57.95% |
ROIC
10.0%
ROE
-40.4%
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 | 10.03% |
| 2026-03-31 | 5.08% |
| 2025-12-31 | 5.60% |
| 2025-09-30 | -11.41% |
| 2025-06-30 | -20.37% |
| 2025-03-31 | -17.16% |
| 2024-12-31 | -18.65% |
| 2024-09-30 | -5.39% |
| 2024-06-30 | -1.20% |
| 2024-03-31 | -0.67% |
| 2023-12-31 | -1.36% |
| 2023-09-30 | -1.51% |
| 2023-06-30 | -16.19% |
| 2023-03-31 | -15.66% |
| 2022-12-31 | -14.22% |
| 2022-09-30 | -13.10% |
| 2022-06-30 | 4.84% |
| 2022-03-31 | 4.93% |
| 2021-12-31 | 5.41% |
| 2021-09-30 | 5.24% |
| 2021-06-30 | 4.72% |
| 2021-03-31 | 2.44% |
| 2020-12-31 | -0.26% |
| 2020-09-30 | -0.25% |
| 2020-06-30 | 0.22% |
| 2020-03-31 | 1.44% |
| 2019-12-31 | 3.61% |
| 2019-09-30 | 2.32% |
| 2019-06-30 | 1.72% |
| 2019-03-31 | -12.63% |
| 2018-12-31 | -12.34% |
| 2018-09-30 | -22.56% |
| 2018-06-30 | -21.55% |
| 2018-03-31 | -16.85% |
| 2017-12-31 | -16.75% |
| 2017-09-30 | -6.96% |
| 2017-06-30 | -6.95% |
| 2017-03-31 | 3.49% |
| 2016-12-31 | 4.08% |
| 2016-09-30 | 3.69% |
| 2016-06-30 | 3.59% |
| 2016-03-31 | 3.23% |
| 2015-12-31 | 7.30% |
| 2015-09-30 | 7.75% |
| 2015-06-30 | 7.79% |
| 2015-03-31 | 8.87% |
| 2014-12-31 | 8.67% |
| 2014-09-30 | 8.17% |
| 2014-06-30 | 7.89% |
| 2014-03-31 | 7.77% |
| 2013-12-31 | 7.84% |
| 2013-09-30 | 9.30% |
| 2013-06-30 | 9.15% |
| 2013-03-31 | 8.85% |
| 2012-12-31 | 8.79% |
| 2012-09-30 | 7.32% |
| 2012-06-30 | 6.90% |
| 2012-03-31 | 6.36% |
| 2011-12-31 | 6.68% |
| 2011-09-30 | 7.00% |
| 2011-06-30 | 9.04% |
| 2011-03-31 | 9.48% |
| 2010-12-31 | 9.82% |
| 2010-09-30 | 10.23% |
| 2010-06-30 | 11.89% |
| 2010-03-31 | 10.86% |
| 2009-12-31 | 10.56% |
| 2009-09-30 | 11.70% |
| 2009-06-30 | 12.46% |
| 2009-03-31 | 12.07% |
| 2008-12-31 | 12.17% |
| 2008-09-30 | 12.66% |
| 2008-06-30 | 10.86% |
| 2008-03-31 | 10.41% |
| 2007-12-31 | 10.88% |
| 2007-09-30 | 10.97% |
| 2007-06-30 | 11.21% |
| 2007-03-31 | 11.35% |
| 2006-12-31 | 11.94% |
| 2006-09-30 | 6.97% |
| 2006-06-30 | 2.15% |
| 2006-03-31 | 2.19% |
| 2005-12-31 | 2.24% |
| 2005-09-30 | 5.57% |
| 2005-06-30 | 10.16% |
| 2005-03-31 | 9.49% |
| 2004-12-31 | 9.18% |
| 2004-09-30 | 8.60% |
| 2004-06-30 | 8.60% |
| 2004-03-31 | 8.53% |
| 2003-12-31 | 8.51% |
| 2003-09-30 | 9.34% |
| 2003-06-30 | 9.34% |
