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 9.62% is 67% above its 5-year average of 5.75%, near the high end of its 5-year range (3.25%–9.62%).
As of the fiscal period ended Saturday, August 1, 2026. 41.82% above its 12-month average of 6.78%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
9.62%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
6.78%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
5.79%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
5.75%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
6.78%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
8.47%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
10.55%
CURRENT VS TTM AVG
+41.82%
CURRENT VS 3Y AVG
+66.05%
CURRENT VS 5Y AVG
+67.20%
CURRENT VS 10Y AVG
+41.76%
CURRENT VS 15Y AVG
+13.51%
CURRENT VS 20Y AVG
-8.87%
SECTOR MEDIAN · TECHNOLOGY
8.17%
median of 193 covered companies
CURRENT VS SECTOR MEDIAN
+17.69%
vs the sector median at left
Analog Devices, Inc.
Market Cap
$176.91B
Return on Invested Capital (ROIC)
9.62%
TTM Avg
6.78%
3Y Avg
5.79%
5Y Avg
5.75%
Market Cap
$174.02B
Return on Invested Capital (ROIC)
11.67%
TTM Avg
8.12%
3Y Avg
-0.45%
5Y Avg
0.23%
Market Cap
$182.79B
Return on Invested Capital (ROIC)
17.42%
TTM Avg
18.97%
3Y Avg
22.79%
5Y Avg
23.23%
Market Cap
$164.52B
Return on Invested Capital (ROIC)
40.19%
TTM Avg
39.70%
3Y Avg
19.73%
5Y Avg
12.92%
Market Cap
$197.41B
Return on Invested Capital (ROIC)
5.44%
TTM Avg
1.03%
3Y Avg
-0.05%
5Y Avg
-0.75%
Market Cap
$201.62B
Return on Invested Capital (ROIC)
15.10%
TTM Avg
15.01%
3Y Avg
15.20%
5Y Avg
14.59%
Market Cap
$202.79B
Return on Invested Capital (ROIC)
51.40%
TTM Avg
51.40%
3Y Avg
30.73%
5Y Avg
23.51%
Market Cap
$204.03B
Return on Invested Capital (ROIC)
8.78%
TTM Avg
8.41%
3Y Avg
5.81%
5Y Avg
4.14%
Market Cap
$148.86B
Return on Invested Capital (ROIC)
13.01%
TTM Avg
9.02%
3Y Avg
3.43%
5Y Avg
-2.77%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Analog Devices, Inc. (ADI) | $176.91B | 9.62% | 6.78% | 5.79% | 5.75% |
| Shopify Inc. (SHOP)vs › | $174.02B | 11.67% | 8.12% | -0.45% | 0.23% |
| QUALCOMM Incorporated (QCOM)vs › | $182.79B | 17.42% | 18.97% | 22.79% | 23.23% |
| Western Digital Corporation (WDC)vs › | $164.52B | 40.19% | 39.70% | 19.73% | 12.92% |
| Marvell Technology, Inc. (MRVL)vs › | $197.41B | 5.44% | 1.03% | -0.05% | -0.75% |
| Amphenol Corporation (APH)vs › | $201.62B | 15.10% | 15.01% | 15.20% | 14.59% |
| Seagate Technology Holdings plc (STX)vs › | $202.79B | 51.40% | 51.40% | 30.73% | 23.51% |
| Salesforce, Inc. (CRM)vs › | $204.03B | 8.78% | 8.41% | 5.81% | 4.14% |
| Uber Technologies, Inc. (UBER)vs › | $148.86B | 13.01% | 9.02% | 3.43% | -2.77% |
| Corning Inc (GLW)vs › | $142.98B | 8.19% | 5.55% | 4.63% | 4.45% |
ROIC
9.6%
ROE
12.3%
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) |
|---|---|
| 2026-08-01 | 9.62% |
| 2026-05-02 | 7.78% |
| 2026-01-31 | 6.40% |
| 2025-11-01 | 5.42% |
| 2025-08-02 | 4.67% |
| 2025-05-03 | 4.52% |
| 2025-02-01 | 3.88% |
| 2024-11-02 | 4.05% |
| 2024-08-03 | 4.05% |
| 2024-05-04 | 5.05% |
| 2024-02-03 | 6.51% |
| 2023-10-28 | 7.53% |
| 2023-07-29 | 8.38% |
| 2023-04-29 | 8.06% |
| 2023-01-28 | 7.54% |
| 2022-10-29 | 6.08% |
| 2022-07-30 | 4.73% |
| 2022-04-30 | 4.11% |
| 2022-01-29 | 3.25% |
| 2021-10-30 | 3.38% |
| 2021-07-31 | 9.11% |
| 2021-05-01 | 8.49% |
| 2021-01-30 | 7.73% |
| 2020-10-31 | 6.94% |
| 2020-08-01 | 6.35% |
| 2020-05-02 | 6.43% |
| 2020-02-01 | 6.93% |
| 2019-11-02 | 7.78% |
| 2019-08-03 | 8.32% |
| 2019-05-04 | 8.43% |
| 2019-02-02 | 8.52% |
| 2018-11-03 | 8.88% |
| 2018-08-04 | 8.71% |
| 2018-05-05 | 6.86% |
| 2016-10-29 | 12.88% |
| 2016-07-30 | 9.98% |
| 2016-04-30 | 9.85% |
| 2016-01-30 | 10.07% |
| 2015-10-31 | 11.30% |
| 2015-08-01 | 11.36% |
| 2015-05-02 | 10.97% |
| 2015-01-31 | 10.97% |
| 2014-11-01 | 10.56% |
| 2014-08-02 | 7.95% |
| 2014-05-03 | 11.06% |
| 2014-02-01 | 10.95% |
| 2013-11-02 | 10.70% |
| 2013-08-03 | 11.89% |
| 2013-05-04 | 12.30% |
| 2013-02-02 | 12.51% |
| 2012-11-03 | 12.91% |
| 2012-08-04 | 13.40% |
| 2012-05-05 | 14.71% |
| 2012-02-04 | 16.59% |
| 2011-10-29 | 18.24% |
| 2011-07-30 | 19.23% |
| 2011-04-30 | 19.22% |
| 2011-01-29 | 20.13% |
| 2010-10-30 | 19.26% |
| 2010-07-31 | 16.88% |
| 2010-05-01 | 13.63% |
| 2010-01-30 | 10.46% |
| 2009-10-31 | 7.85% |
| 2009-08-01 | 9.08% |
| 2009-05-02 | 12.93% |
| 2009-01-31 | 16.07% |
| 2008-11-01 | 19.54% |
| 2008-08-02 | 18.15% |
| 2008-05-03 | 18.15% |
| 2008-02-02 | 17.11% |
| 2007-11-03 | 17.90% |
| 2007-08-04 | 17.46% |
| 2007-05-05 | 14.98% |
| 2007-02-03 | 14.51% |
| 2006-10-28 | 13.08% |
| 2006-07-29 | 10.83% |
| 2006-04-29 | 10.37% |
| 2006-01-28 | 9.87% |
| 2005-10-29 | 9.67% |
| 2005-07-30 | 10.36% |
| 2005-04-30 | 11.99% |
| 2005-01-29 | 12.94% |
| 2004-10-30 | 13.14% |
