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 11.88% is 11% below its 5-year average of 13.34%, near the low end of its 5-year range (11.65%–15.61%).
As of the fiscal period ended Friday, July 31, 2026. 2.94% below its 12-month average of 12.24%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q3 FY2026 (2026-07-31): 11.88%.
RETURN ON INVESTED CAPITAL (ROIC)
11.88%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
12.24%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
12.54%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
13.34%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
11.25%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
10.69%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
9.81%
CURRENT VS TTM AVG
-2.94%
CURRENT VS 3Y AVG
-5.28%
CURRENT VS 5Y AVG
-10.95%
CURRENT VS 10Y AVG
+5.62%
CURRENT VS 15Y AVG
+11.10%
CURRENT VS 20Y AVG
+21.06%
SECTOR MEDIAN · HEALTHCARE
8.75%
median of 90 covered companies
CURRENT VS SECTOR MEDIAN
+35.85%
vs the sector median at left
Agilent Technologies, Inc.
Market Cap
$40.89B
Return on Invested Capital (ROIC)
11.88%
TTM Avg
12.24%
3Y Avg
12.54%
5Y Avg
13.34%
Market Cap
$40.64B
Return on Invested Capital (ROIC)
41.33%
TTM Avg
37.21%
3Y Avg
35.10%
5Y Avg
36.21%
Market Cap
$42.30B
Return on Invested Capital (ROIC)
8.32%
TTM Avg
8.41%
3Y Avg
8.23%
5Y Avg
6.99%
Market Cap
$42.92B
Return on Invested Capital (ROIC)
6.79%
TTM Avg
3.17%
3Y Avg
0.33%
5Y Avg
-0.73%
Market Cap
$34.52B
Return on Invested Capital (ROIC)
24.71%
TTM Avg
4.06%
3Y Avg
-7.50%
5Y Avg
-13.90%
Market Cap
$48.03B
Return on Invested Capital (ROIC)
4.52%
TTM Avg
3.25%
3Y Avg
5.37%
5Y Avg
7.01%
Market Cap
$33.37B
Return on Invested Capital (ROIC)
3.25%
TTM Avg
4.01%
3Y Avg
3.42%
5Y Avg
2.30%
Market Cap
$49.54B
Return on Invested Capital (ROIC)
3.72%
TTM Avg
4.38%
3Y Avg
4.32%
5Y Avg
3.88%
Market Cap
$49.62B
Return on Invested Capital (ROIC)
10.22%
TTM Avg
11.08%
3Y Avg
14.46%
5Y Avg
15.87%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Agilent Technologies, Inc. (A) | $40.89B | 11.88% | 12.24% | 12.54% | 13.34% |
| IDEXX Laboratories, Inc. (IDXX)vs › | $40.64B | 41.33% | 37.21% | 35.10% | 36.21% |
| IQVIA Holdings Inc. (IQV)vs › | $42.30B | 8.32% | 8.41% | 8.23% | 6.99% |
| Teva Pharmaceutical Industries Limited (TEVA)vs › | $42.92B | 6.79% | 3.17% | 0.33% | -0.73% |
| Alnylam Pharmaceuticals, Inc. (ALNY)vs › | $34.52B | 24.71% | 4.06% | -7.50% | -13.90% |
| Humana Inc. (HUM)vs › | $48.03B | 4.52% | 3.25% | 5.37% | 7.01% |
| Alcon Inc. (ALC)vs › | $33.37B | 3.25% | 4.01% | 3.42% | 2.30% |
| Becton, Dickinson and Company (BDX)vs › | $49.54B | 3.72% | 4.38% | 4.32% | 3.88% |
| Edwards Lifesciences Corporation (EW)vs › | $49.62B | 10.22% | 11.08% | 14.46% | 15.87% |
| ResMed Inc. (RMD)vs › | $31.91B | 19.18% | 19.41% | 18.01% | 17.23% |
ROIC
11.9%
ROE
19.6%
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) |
|---|---|
| 2026-07-31 | 11.88% |
| 2026-04-30 | 12.54% |
| 2026-01-31 | 12.05% |
| 2025-10-31 | 12.57% |
| 2025-07-31 | 12.16% |
| 2025-04-30 | 11.71% |
| 2025-01-31 | 12.47% |
| 2024-10-31 | 12.56% |
| 2024-07-31 | 14.52% |
| 2024-04-30 | 12.92% |
| 2024-01-31 | 13.01% |
| 2023-10-31 | 13.65% |
| 2023-07-31 | 12.99% |
| 2023-04-30 | 15.27% |
| 2023-01-31 | 15.00% |
| 2022-10-31 | 15.49% |
| 2022-07-31 | 15.61% |
| 2022-04-30 | 14.73% |
| 2022-01-31 | 14.06% |
| 2021-10-31 | 13.32% |
| 2021-07-31 | 11.65% |
| 2021-04-30 | 11.02% |
| 2021-01-31 | 10.01% |
| 2020-10-31 | 8.77% |
| 2020-07-31 | 8.43% |
| 2020-04-30 | 8.31% |
| 2020-01-31 | 9.39% |
| 2019-10-31 | 11.78% |
| 2019-07-31 | 12.46% |
| 2019-04-30 | 11.72% |
| 2019-01-31 | 11.71% |
| 2018-10-31 | 6.71% |
| 2018-07-31 | 6.66% |
| 2018-04-30 | 6.21% |
| 2018-01-31 | 6.19% |
| 2017-10-31 | 9.72% |
| 2017-07-31 | 9.42% |
| 2017-04-30 | 9.06% |
| 2017-01-31 | 8.17% |
| 2016-10-31 | 7.63% |
| 2016-07-31 | 7.66% |
| 2016-04-30 | 7.63% |
| 2016-01-31 | 8.00% |
| 2015-10-31 | 7.32% |
| 2015-07-31 | 6.62% |
| 2015-04-30 | 6.14% |
| 2015-01-31 | 5.18% |
| 2014-10-31 | 4.59% |
| 2014-07-31 | 6.18% |
| 2014-04-30 | 6.78% |
| 2014-01-31 | 8.26% |
| 2013-10-31 | 8.82% |
| 2013-07-31 | 10.82% |
| 2013-04-30 | 10.95% |
| 2013-01-31 | 11.76% |
| 2012-10-31 | 12.58% |
| 2012-07-31 | 13.31% |
| 2012-04-30 | 14.63% |
| 2012-01-31 | 14.24% |
| 2011-10-31 | 14.05% |
| 2011-07-31 | 13.26% |
| 2011-04-30 | 10.80% |
| 2011-01-31 | 10.17% |
| 2010-10-31 | 6.89% |
| 2010-07-31 | 4.46% |
| 2010-04-30 | 3.60% |
| 2010-01-31 | 0.99% |
| 2009-10-31 | 0.40% |
| 2009-07-31 | 3.86% |
| 2009-04-30 | 6.72% |
| 2009-01-31 | 10.32% |
| 2008-10-31 | 11.91% |
| 2008-07-31 | 9.75% |
| 2008-04-30 | 9.59% |
| 2008-01-31 | 8.68% |
| 2007-10-31 | 9.44% |
| 2007-07-31 | 8.34% |
| 2007-04-30 | 8.63% |
| 2007-01-31 | 8.33% |
| 2006-10-31 | 6.80% |
| 2006-07-31 | 2.88% |
| 2006-04-30 | 1.41% |
| 2006-01-31 | 1.13% |
| 2005-10-31 | 2.07% |
| 2005-07-31 | 5.25% |
| 2005-04-30 | 5.40% |
| 2005-01-31 | 6.01% |
| 2004-10-31 | 5.70% |
| 2004-07-31 | 4.90% |
| 2004-04-30 | 0.65% |
| 2004-01-31 | -8.41% |
| 2003-10-31 | -16.51% |
| 2003-07-31 | -27.80% |