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 36.61% is 31% above its 5-year average of 27.87%, near the high end of its 5-year range (22.28%–37.56%).
As of the fiscal period ended Friday, May 29, 2026. 0.58% above its 12-month average of 36.40%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
36.61%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
36.40%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
29.34%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
27.87%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
21.77%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
17.78%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
16.13%
CURRENT VS TTM AVG
+0.58%
CURRENT VS 3Y AVG
+24.80%
CURRENT VS 5Y AVG
+31.38%
CURRENT VS 10Y AVG
+68.22%
CURRENT VS 15Y AVG
+105.94%
CURRENT VS 20Y AVG
+127.04%
SECTOR MEDIAN · TECHNOLOGY
8.17%
median of 193 covered companies
CURRENT VS SECTOR MEDIAN
+348.16%
vs the sector median at left
Adobe Inc.
Market Cap
$102.01B
Return on Invested Capital (ROIC)
36.61%
TTM Avg
36.40%
3Y Avg
29.34%
5Y Avg
27.87%
Market Cap
$101.33B
Return on Invested Capital (ROIC)
-6.90%
TTM Avg
-5.13%
3Y Avg
-6.98%
5Y Avg
-7.11%
Market Cap
$104.86B
Return on Invested Capital (ROIC)
63.79%
TTM Avg
50.00%
3Y Avg
28.59%
5Y Avg
18.74%
Market Cap
$107.24B
Return on Invested Capital (ROIC)
23.85%
TTM Avg
24.26%
3Y Avg
32.39%
5Y Avg
31.71%
Market Cap
$109.41B
Return on Invested Capital (ROIC)
17.13%
TTM Avg
18.32%
3Y Avg
20.20%
5Y Avg
20.44%
Market Cap
$115.38B
Return on Invested Capital (ROIC)
32.78%
TTM Avg
27.98%
3Y Avg
29.21%
5Y Avg
26.02%
Market Cap
$87.45B
Return on Invested Capital (ROIC)
7.20%
TTM Avg
5.97%
3Y Avg
7.71%
5Y Avg
7.86%
Market Cap
$86.68B
Return on Invested Capital (ROIC)
16.02%
TTM Avg
15.42%
3Y Avg
13.33%
5Y Avg
12.92%
Market Cap
$116.52B
Return on Invested Capital (ROIC)
-24.89%
TTM Avg
-27.77%
3Y Avg
-22.54%
5Y Avg
-19.06%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Adobe Inc. (ADBE) | $102.01B | 36.61% | 36.40% | 29.34% | 27.87% |
| Cloudflare, Inc. (NET)vs › | $101.33B | -6.90% | -5.13% | -6.98% | -7.11% |
| AppLovin Corporation (APP)vs › | $104.86B | 63.79% | 50.00% | 28.59% | 18.74% |
| Automatic Data Processing, Inc. (ADP)vs › | $107.24B | 23.85% | 24.26% | 32.39% | 31.71% |
| Accenture plc (ACN)vs › | $109.41B | 17.13% | 18.32% | 20.20% | 20.44% |
| Fortinet, Inc. (FTNT)vs › | $115.38B | 32.78% | 27.98% | 29.21% | 26.02% |
| ASE Technology Holding Co., Ltd. (ASX)vs › | $87.45B | 7.20% | 5.97% | 7.71% | 7.86% |
| Intuit Inc. (INTU)vs › | $86.68B | 16.02% | 15.42% | 13.33% | 12.92% |
| Snowflake Inc. (SNOW)vs › | $116.52B | -24.89% | -27.77% | -22.54% | -19.06% |
| Cadence Design Systems, Inc. (CDNS)vs › | $78.62B | 13.29% | 13.77% | 18.23% | 18.78% |
ROIC
36.6%
ROE
62.8%
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) |
|---|---|
| 2026-05-29 | 36.61% |
| 2026-02-27 | 37.56% |
| 2025-11-28 | 36.83% |
| 2025-08-29 | 35.40% |
| 2025-05-30 | 35.61% |
| 2025-02-28 | 31.88% |
| 2024-11-29 | 25.50% |
| 2024-08-30 | 23.91% |
| 2024-05-31 | 22.28% |
| 2024-03-01 | 22.44% |
| 2023-12-01 | 24.66% |
| 2023-09-01 | 24.31% |
| 2023-06-02 | 24.41% |
| 2023-03-03 | 24.80% |
| 2022-12-02 | 24.71% |
| 2022-09-02 | 24.85% |
| 2022-06-03 | 25.70% |
| 2022-03-04 | 25.53% |
| 2021-12-03 | 24.15% |
| 2021-09-03 | 27.64% |
| 2021-06-04 | 26.46% |
| 2021-03-05 | 24.79% |
| 2020-11-27 | 22.57% |
| 2020-08-28 | 22.66% |
| 2020-05-29 | 22.91% |
| 2020-02-28 | 20.74% |
| 2019-11-29 | 19.15% |
| 2019-08-30 | 18.48% |
| 2019-05-31 | 17.97% |
| 2019-03-01 | 18.03% |
| 2018-11-30 | 18.21% |
| 2018-08-31 | 21.04% |
| 2018-06-01 | 19.09% |
| 2018-03-02 | 16.58% |
| 2017-12-01 | 15.61% |
| 2017-09-01 | 15.19% |
| 2017-06-02 | 14.37% |
| 2017-03-03 | 13.43% |
| 2016-12-02 | 12.30% |
| 2016-09-02 | 10.34% |
| 2016-06-03 | 9.40% |
| 2016-03-04 | 8.56% |
| 2015-11-27 | 6.84% |
| 2015-08-28 | 5.60% |
| 2015-05-29 | 4.31% |
| 2015-02-27 | 3.66% |
| 2014-11-28 | 3.45% |
| 2014-08-29 | 3.21% |
| 2014-05-30 | 3.76% |
| 2014-02-28 | 3.71% |
| 2013-11-29 | 3.88% |
| 2013-08-30 | 5.64% |
| 2013-05-31 | 6.85% |
| 2013-03-01 | 8.50% |
| 2012-11-30 | 10.02% |
| 2012-08-31 | 9.77% |
| 2012-06-01 | 10.12% |
| 2012-03-02 | 10.41% |
| 2011-12-02 | 11.43% |
| 2011-09-02 | 13.03% |
| 2011-06-03 | 13.68% |
| 2011-03-04 | 12.67% |
| 2010-12-03 | 11.53% |
| 2010-09-03 | 7.14% |
| 2010-06-04 | 5.67% |
| 2010-03-05 | 5.15% |
| 2009-11-27 | 5.91% |
| 2009-08-28 | 12.31% |
| 2009-05-29 | 13.06% |
| 2009-02-27 | 15.01% |
| 2008-11-28 | 16.43% |
| 2008-08-29 | 16.07% |
| 2008-05-08 | 16.82% |
| 2008-02-29 | 15.80% |
| 2007-11-30 | 13.48% |
| 2007-08-31 | 11.61% |
| 2007-06-01 | 8.57% |
| 2007-03-02 | 8.30% |
| 2006-12-01 | 7.76% |
| 2006-09-01 | 8.58% |
| 2006-06-02 | 9.89% |
| 2006-03-03 | 9.97% |
| 2005-12-02 | 29.26% |
| 2005-09-02 | 25.26% |
| 2005-06-03 | 26.49% |
| 2005-03-04 | 28.31% |
| 2004-12-03 | 29.06% |
| 2004-09-03 | 31.79% |
| 2004-06-04 | 28.28% |
| 2004-03-05 | 26.37% |
| 2003-11-28 | 23.75% |
| 2003-08-29 | 26.11% |
| 2003-05-30 | 25.80% |
