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 -0.25% is 95% above its 5-year average of -5.29%, near the high end of its 5-year range (-51.09%–0.87%).
As of the fiscal period ended Tuesday, June 30, 2026. 90.32% above its 12-month average of -2.57%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): -0.25%.
RETURN ON INVESTED CAPITAL (ROIC)
-0.25%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
-2.57%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
-19.88%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
-5.29%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
-3.46%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
0.28%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
4.24%
CURRENT VS TTM AVG
+90.32%
CURRENT VS 3Y AVG
+98.75%
CURRENT VS 5Y AVG
+95.29%
CURRENT VS 10Y AVG
+92.80%
CURRENT VS 15Y AVG
-189.14%
CURRENT VS 20Y AVG
-105.87%
SECTOR MEDIAN · TECHNOLOGY
2.71%
median of 497 covered companies
CURRENT VS SECTOR MEDIAN
-109.19%
vs the sector median at left
ADTRAN Holdings Inc.
Market Cap
$597.19M
Return on Invested Capital (ROIC)
-0.25%
TTM Avg
-2.57%
3Y Avg
-19.88%
5Y Avg
-5.29%
Market Cap
$609.57M
Return on Invested Capital (ROIC)
-18.86%
TTM Avg
-19.07%
3Y Avg
-19.85%
5Y Avg
-19.30%
Market Cap
$609.06M
Return on Invested Capital (ROIC)
23.03%
TTM Avg
29.91%
3Y Avg
14.48%
5Y Avg
7.93%
Market Cap
$581.49M
Return on Invested Capital (ROIC)
21.85%
TTM Avg
21.97%
3Y Avg
18.20%
5Y Avg
14.91%
Market Cap
$619.20M
Return on Invested Capital (ROIC)
-5.47%
TTM Avg
-2.42%
3Y Avg
-5.71%
5Y Avg
-1.28%
Market Cap
$564.69M
Return on Invested Capital (ROIC)
27.14%
TTM Avg
21.93%
3Y Avg
24.82%
5Y Avg
22.46%
Market Cap
$634.17M
Return on Invested Capital (ROIC)
15.40%
TTM Avg
19.62%
3Y Avg
18.16%
5Y Avg
16.09%
Market Cap
$633.20M
Return on Invested Capital (ROIC)
-0.19%
TTM Avg
-0.20%
3Y Avg
-1.69%
5Y Avg
-2.80%
Market Cap
$641.74M
Return on Invested Capital (ROIC)
13.53%
TTM Avg
12.61%
3Y Avg
8.79%
5Y Avg
7.62%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| ADTRAN Holdings Inc. (ADTN) | $597.19M | -0.25% | -2.57% | -19.88% | -5.29% |
| indie Semiconductor, Inc. (INDI)vs › | $609.57M | -18.86% | -19.07% | -19.85% | -19.30% |
| Docebo Inc. (DCBO)vs › | $609.06M | 23.03% | 29.91% | 14.48% | 7.93% |
| IBEX Limited (IBEX)vs › | $581.49M | 21.85% | 21.97% | 18.20% | 14.91% |
| NETGEAR, Inc. (NTGR)vs › | $619.20M | -5.47% | -2.42% | -5.71% | -1.28% |
| NVE Corporation (NVEC)vs › | $564.69M | 27.14% | 21.93% | 24.82% | 22.46% |
| Climb Global Solutions, Inc. (CLMB)vs › | $634.17M | 15.40% | 19.62% | 18.16% | 16.09% |
| Grid Dynamics Holdings, Inc. (GDYN)vs › | $633.20M | -0.19% | -0.20% | -1.69% | -2.80% |
| Priority Technology Holdings, Inc. (PRTH)vs › | $641.74M | 13.53% | 12.61% | 8.79% | 7.62% |
| Methode Electronics, Inc. (MEI)vs › | $540.94M | 0.47% | -0.70% | -3.65% | 0.54% |
ROIC
-0.2%
ROE
-20.1%
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 | -0.25% |
| 2026-03-31 | -0.64% |
| 2025-12-31 | -1.85% |
| 2025-09-30 | -3.91% |
| 2025-06-30 | -6.22% |
| 2025-03-31 | -9.15% |
| 2024-12-31 | -48.26% |
| 2024-09-30 | -46.07% |
| 2024-06-30 | -51.09% |
| 2024-03-31 | -49.54% |
| 2023-12-31 | -15.68% |
| 2023-09-30 | -14.76% |
| 2023-06-30 | -11.06% |
| 2023-03-31 | -7.62% |
| 2022-12-31 | -4.62% |
| 2022-09-30 | -3.31% |
| 2022-06-30 | -2.32% |
| 2022-03-31 | -3.31% |
| 2021-12-31 | -3.55% |
| 2021-09-30 | -2.54% |
| 2021-06-30 | 0.87% |
| 2021-03-31 | -1.44% |
| 2020-12-31 | -2.26% |
| 2020-09-30 | -4.30% |
| 2020-06-30 | -10.91% |
| 2020-03-31 | -9.48% |
| 2019-12-31 | -8.74% |
| 2019-09-30 | -6.22% |
| 2019-06-30 | -2.22% |
| 2019-03-31 | -4.83% |
| 2018-12-31 | -8.89% |
| 2018-09-30 | -8.75% |
| 2018-06-30 | -4.87% |
| 2018-03-31 | 0.38% |
| 2017-12-31 | 3.65% |
| 2017-09-30 | 6.54% |
| 2017-06-30 | 5.53% |
| 2017-03-31 | 5.18% |
| 2016-12-31 | 4.83% |
| 2016-09-30 | 4.54% |
| 2016-06-30 | 4.04% |
| 2016-03-31 | 2.30% |
| 2015-12-31 | 1.81% |
| 2015-09-30 | 2.07% |
| 2015-06-30 | 2.71% |
| 2015-03-31 | 4.66% |
| 2014-12-31 | 5.66% |
| 2014-09-30 | 6.08% |
| 2014-06-30 | 6.70% |
| 2014-03-31 | 5.72% |
| 2013-12-31 | 5.30% |
| 2013-09-30 | 4.13% |
| 2013-06-30 | 3.20% |
| 2013-03-31 | 4.11% |
| 2012-12-31 | 4.66% |
| 2012-09-30 | 7.98% |
| 2012-06-30 | 11.19% |
| 2012-03-31 | 13.56% |
| 2011-12-31 | 16.83% |
| 2011-09-30 | 18.17% |
| 2011-06-30 | 17.19% |
| 2011-03-31 | 16.73% |
| 2010-12-31 | 16.24% |
| 2010-09-30 | 14.78% |
| 2010-06-30 | 14.53% |
| 2010-03-31 | 13.51% |
| 2009-12-31 | 13.92% |
| 2009-09-30 | 14.15% |
| 2009-06-30 | 15.22% |
| 2009-03-31 | 17.11% |
| 2008-12-31 | 17.44% |
| 2008-09-30 | 17.55% |
| 2008-06-30 | 16.18% |
| 2008-03-31 | 16.22% |
| 2007-12-31 | 15.79% |
| 2007-09-30 | 14.45% |
| 2007-06-30 | 14.30% |
| 2007-03-31 | 14.10% |
| 2006-12-31 | 14.19% |
| 2006-09-30 | 16.90% |
| 2006-06-30 | 17.38% |
| 2006-03-31 | 15.52% |
| 2005-12-31 | 15.81% |
| 2005-09-30 | 13.56% |
| 2005-06-30 | 11.95% |
| 2005-03-31 | 12.54% |
| 2004-12-31 | 13.27% |
| 2004-09-30 | 14.86% |
| 2004-06-30 | 13.23% |
| 2004-03-31 | 11.51% |
| 2003-12-31 | 10.08% |
| 2003-09-30 | 9.23% |
| 2003-06-30 | 7.45% |
