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 6.58% is 63% below its 5-year average of 17.64%, near the low end of its 5-year range (6.58%–25.50%).
As of the fiscal period ended Tuesday, June 30, 2026. 27.33% below its 12-month average of 9.05%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
6.58%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
9.05%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
16.06%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
17.64%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
13.44%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
9.57%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
5.20%
CURRENT VS TTM AVG
-27.33%
CURRENT VS 3Y AVG
-59.03%
CURRENT VS 5Y AVG
-62.72%
CURRENT VS 10Y AVG
-51.05%
CURRENT VS 15Y AVG
-31.26%
CURRENT VS 20Y AVG
+26.61%
SECTOR MEDIAN · TECHNOLOGY
8.67%
median of 188 covered companies
CURRENT VS SECTOR MEDIAN
-24.13%
vs the sector median at left
Axcelis Technologies, Inc.
Market Cap
$3.54B
Return on Invested Capital (ROIC)
6.58%
TTM Avg
9.05%
3Y Avg
16.06%
5Y Avg
17.64%
Market Cap
$3.08B
Return on Invested Capital (ROIC)
0.23%
TTM Avg
-5.08%
3Y Avg
-3.35%
5Y Avg
-1.38%
Market Cap
$3.04B
Return on Invested Capital (ROIC)
-11.73%
TTM Avg
-17.80%
3Y Avg
-18.52%
5Y Avg
-15.24%
Market Cap
$3.02B
Return on Invested Capital (ROIC)
9.24%
TTM Avg
8.32%
3Y Avg
11.76%
5Y Avg
9.86%
Market Cap
$4.19B
Return on Invested Capital (ROIC)
10.22%
TTM Avg
-0.19%
3Y Avg
-2.19%
5Y Avg
10.91%
Market Cap
$4.25B
Return on Invested Capital (ROIC)
7.58%
TTM Avg
8.26%
3Y Avg
5.23%
5Y Avg
2.71%
Market Cap
$4.28B
Return on Invested Capital (ROIC)
4.62%
TTM Avg
-0.95%
3Y Avg
-6.22%
5Y Avg
-73.15%
Market Cap
$4.35B
Return on Invested Capital (ROIC)
31.82%
TTM Avg
24.75%
3Y Avg
27.68%
5Y Avg
33.05%
Market Cap
$2.70B
Return on Invested Capital (ROIC)
1.89%
TTM Avg
4.48%
3Y Avg
5.67%
5Y Avg
5.61%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Axcelis Technologies, Inc. (ACLS) | $3.54B | 6.58% | 9.05% | 16.06% | 17.64% |
| AXT, Inc. (AXTI)vs › | $3.08B | 0.23% | -5.08% | -3.35% | -1.38% |
| Ambarella, Inc. (AMBA)vs › | $3.04B | -11.73% | -17.80% | -18.52% | -15.24% |
| Bel Fuse Inc. (BELFB)vs › | $3.02B | 9.24% | 8.32% | 11.76% | 9.86% |
| Kulicke and Soffa Industries, Inc. (KLIC)vs › | $4.19B | 10.22% | -0.19% | -2.19% | 10.91% |
| Itron, Inc. (ITRI)vs › | $4.25B | 7.58% | 8.26% | 5.23% | 2.71% |
| monday.com Ltd. (MNDY)vs › | $4.28B | 4.62% | -0.95% | -6.22% | -73.15% |
| Dlocal Limited (DLO)vs › | $4.35B | 31.82% | 24.75% | 27.68% | 33.05% |
| Veeco Instruments Inc. (VECO)vs › | $2.70B | 1.89% | 4.48% | 5.67% | 5.61% |
| Clear Secure, Inc. (YOU)vs › | $4.44B | 33.31% | 25.16% | 8.55% | -1.46% |
ROIC
6.6%
ROE
8.7%
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 | 6.58% |
| 2026-03-31 | 7.30% |
| 2025-12-31 | 8.92% |
| 2025-09-30 | 10.34% |
| 2025-06-30 | 12.11% |
| 2025-03-31 | 14.01% |
| 2024-12-31 | 16.12% |
| 2024-09-30 | 18.58% |
| 2024-06-30 | 21.50% |
| 2024-03-31 | 23.12% |
| 2023-12-31 | 23.57% |
| 2023-09-30 | 23.33% |
| 2023-06-30 | 23.24% |
| 2023-03-31 | 23.62% |
| 2022-12-31 | 24.79% |
| 2022-09-30 | 25.50% |
| 2022-06-30 | 24.26% |
| 2022-03-31 | 20.53% |
| 2021-12-31 | 17.29% |
| 2021-09-30 | 14.30% |
| 2021-06-30 | 11.51% |
| 2021-03-31 | 10.60% |
| 2020-12-31 | 9.61% |
| 2020-09-30 | 9.13% |
| 2020-06-30 | 7.70% |
| 2020-03-31 | 5.27% |
| 2019-12-31 | 4.11% |
| 2019-09-30 | 4.11% |
| 2019-06-30 | 5.86% |
| 2019-03-31 | 8.84% |
| 2018-12-31 | 10.85% |
| 2018-09-30 | 13.07% |
| 2018-06-30 | 14.12% |
| 2018-03-31 | 13.00% |
| 2017-12-31 | 11.62% |
| 2017-09-30 | 13.88% |
| 2017-06-30 | 11.20% |
| 2017-03-31 | 8.95% |
| 2016-12-31 | 6.43% |
| 2016-09-30 | 5.21% |
| 2016-06-30 | 6.90% |
| 2016-03-31 | 7.89% |
| 2015-12-31 | 8.09% |
| 2015-09-30 | 7.32% |
| 2015-06-30 | 1.83% |
| 2015-03-31 | -3.18% |
| 2014-12-31 | -5.14% |
| 2014-09-30 | -5.29% |
| 2014-06-30 | -3.81% |
| 2014-03-31 | -2.40% |
| 2013-12-31 | -7.36% |
| 2013-09-30 | -15.35% |
| 2013-06-30 | -19.45% |
| 2013-03-31 | -17.61% |
| 2012-12-31 | -16.08% |
| 2012-09-30 | -8.83% |
| 2012-06-30 | -4.92% |
| 2012-03-31 | -1.71% |
| 2011-12-31 | 2.19% |
| 2011-09-30 | 5.65% |
| 2011-06-30 | 4.16% |
| 2011-03-31 | -0.25% |
| 2010-12-31 | -6.28% |
| 2010-09-30 | -13.38% |
| 2010-06-30 | -18.51% |
| 2010-03-31 | -26.07% |
| 2009-12-31 | -31.44% |
| 2009-09-30 | -85.47% |
| 2009-06-30 | -85.10% |
| 2009-03-31 | -77.25% |
| 2008-12-31 | -45.75% |
| 2008-09-30 | -11.59% |
| 2008-06-30 | -8.71% |
| 2008-03-31 | -5.08% |
| 2007-12-31 | -3.59% |
| 2007-09-30 | -0.25% |
| 2007-06-30 | 3.36% |
| 2007-03-31 | 3.89% |
| 2006-12-31 | 3.55% |
| 2006-09-30 | 1.71% |
| 2006-06-30 | -0.87% |
| 2006-03-31 | -3.02% |
| 2005-12-31 | -2.80% |
| 2005-09-30 | 76.03% |
| 2005-06-30 | 81.30% |
| 2005-03-31 | 91.51% |
| 2004-12-31 | 91.87% |
| 2004-09-30 | 8.70% |
| 2004-06-30 | 1.23% |
| 2004-03-31 | -5.98% |
| 2003-12-31 | -10.97% |
| 2003-09-30 | -15.07% |
| 2003-06-30 | -8.97% |
