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 -3.49% is 74% above its 5-year average of -13.47%, near the high end of its 5-year range (-21.00%–-3.49%).
As of the fiscal period ended Tuesday, June 30, 2026. 36.29% above its 12-month average of -5.48%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): -3.49%.
RETURN ON INVESTED CAPITAL (ROIC)
-3.49%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
-5.48%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
-12.59%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
-13.47%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
-9.24%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
+36.29%
CURRENT VS 3Y AVG
+72.25%
CURRENT VS 5Y AVG
+74.08%
CURRENT VS 10Y AVG
+62.19%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · TECHNOLOGY
8.17%
median of 193 covered companies
CURRENT VS SECTOR MEDIAN
-142.75%
vs the sector median at left
Applied Optoelectronics, Inc.
Market Cap
$8.74B
Return on Invested Capital (ROIC)
-3.49%
TTM Avg
-5.48%
3Y Avg
-12.59%
5Y Avg
-13.47%
Market Cap
$8.82B
Return on Invested Capital (ROIC)
2.53%
TTM Avg
3.17%
3Y Avg
2.83%
5Y Avg
3.75%
Market Cap
$8.51B
Return on Invested Capital (ROIC)
16.87%
TTM Avg
23.00%
3Y Avg
16.70%
5Y Avg
12.52%
Market Cap
$8.34B
Return on Invested Capital (ROIC)
-2.21%
TTM Avg
-4.08%
3Y Avg
-10.55%
5Y Avg
-11.25%
Market Cap
$9.18B
Return on Invested Capital (ROIC)
-1.37%
TTM Avg
-2.59%
3Y Avg
-9.00%
5Y Avg
-12.88%
Market Cap
$8.25B
Return on Invested Capital (ROIC)
-9.02%
TTM Avg
-11.64%
3Y Avg
-19.22%
5Y Avg
-30.49%
Market Cap
$9.39B
Return on Invested Capital (ROIC)
11.16%
TTM Avg
5.13%
3Y Avg
5.92%
5Y Avg
7.10%
Market Cap
$9.40B
Return on Invested Capital (ROIC)
14.77%
TTM Avg
9.14%
3Y Avg
11.24%
5Y Avg
15.36%
Market Cap
$7.97B
Return on Invested Capital (ROIC)
-17.52%
TTM Avg
-18.38%
3Y Avg
-20.29%
5Y Avg
-20.97%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Applied Optoelectronics, Inc. (AAOI) | $8.74B | -3.49% | -5.48% | -12.59% | -13.47% |
| Viavi Solutions Inc. (VIAV)vs › | $8.82B | 2.53% | 3.17% | 2.83% | 3.75% |
| InterDigital, Inc. (IDCC)vs › | $8.51B | 16.87% | 23.00% | 16.70% | 12.52% |
| Applied Digital Corp. (APLD)vs › | $8.34B | -2.21% | -4.08% | -10.55% | -11.25% |
| Elastic N.V. (ESTC)vs › | $9.18B | -1.37% | -2.59% | -9.00% | -12.88% |
| GitLab Inc. (GTLB)vs › | $8.25B | -9.02% | -11.64% | -19.22% | -30.49% |
| FormFactor, Inc. (FORM)vs › | $9.39B | 11.16% | 5.13% | 5.92% | 7.10% |
| Silicon Motion Technology Corporation (SIMO)vs › | $9.40B | 14.77% | 9.14% | 11.24% | 15.36% |
| SentinelOne, Inc. (S)vs › | $7.97B | -17.52% | -18.38% | -20.29% | -20.97% |
| Cipher Mining Inc. (CIFR)vs › | $7.95B | -9.29% | -7.54% | -7.19% | -9.83% |
ROIC
-3.5%
ROE
-3.4%
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 | -3.49% |
| 2026-03-31 | -4.34% |
| 2025-12-31 | -5.76% |
| 2025-09-30 | -6.26% |
| 2025-06-30 | -7.56% |
| 2025-03-31 | -11.69% |
| 2024-12-31 | -16.94% |
| 2024-09-30 | -20.76% |
| 2024-06-30 | -20.06% |
| 2024-03-31 | -15.69% |
| 2023-12-31 | -12.35% |
| 2023-09-30 | -17.72% |
| 2023-06-30 | -21.00% |
| 2023-03-31 | -17.98% |
| 2022-12-31 | -17.40% |
| 2022-09-30 | -15.57% |
| 2022-06-30 | -15.24% |
| 2022-03-31 | -14.52% |
| 2021-12-31 | -14.07% |
| 2021-09-30 | -13.50% |
| 2021-06-30 | -11.05% |
| 2021-03-31 | -10.36% |
| 2020-12-31 | -11.31% |
| 2020-09-30 | -11.28% |
| 2020-06-30 | -12.66% |
| 2020-03-31 | -13.48% |
| 2019-12-31 | -11.74% |
| 2019-09-30 | -11.15% |
| 2019-06-30 | -10.60% |
| 2019-03-31 | -5.52% |
| 2018-12-31 | -2.58% |
| 2018-09-30 | 2.91% |
| 2018-06-30 | 8.98% |
| 2018-03-31 | 14.36% |
| 2017-12-31 | 19.87% |
| 2017-09-30 | 23.04% |
| 2017-06-30 | 24.24% |
| 2017-03-31 | 16.04% |
| 2016-12-31 | 8.51% |
| 2016-09-30 | 3.51% |
| 2016-06-30 | 3.57% |
| 2016-03-31 | 4.96% |
| 2015-12-31 | 5.57% |
| 2015-09-30 | 5.24% |
| 2015-06-30 | 4.06% |
| 2015-03-31 | 2.22% |
| 2014-12-31 | 3.36% |
| 2014-09-30 | 2.36% |
| 2014-06-30 | 1.73% |
| 2014-03-31 | 0.46% |
| 2013-12-31 | -0.34% |
| 2013-09-30 | 0.53% |
| 2013-06-30 | -0.84% |
