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 24.71% is 334% above its 5-year average of -10.55%, near the high end of its 5-year range (-31.61%–24.71%).
As of the fiscal period ended Tuesday, June 30, 2026. 102.42% above its 12-month average of 12.21%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
24.71%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
12.21%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
1.71%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
-10.55%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
-23.72%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
-27.51%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
-24.43%
CURRENT VS TTM AVG
+102.42%
CURRENT VS 3Y AVG
+1345.63%
CURRENT VS 5Y AVG
+334.13%
CURRENT VS 10Y AVG
+204.18%
CURRENT VS 15Y AVG
+189.81%
CURRENT VS 20Y AVG
+201.12%
SECTOR MEDIAN · HEALTHCARE
8.75%
median of 88 covered companies
CURRENT VS SECTOR MEDIAN
+182.55%
vs the sector median at left
Alnylam Pharmaceuticals, Inc.
Market Cap
$31.73B
Return on Invested Capital (ROIC)
24.71%
TTM Avg
12.21%
3Y Avg
1.71%
5Y Avg
-10.55%
Market Cap
$31.99B
Return on Invested Capital (ROIC)
-12.90%
TTM Avg
-4.21%
3Y Avg
-0.54%
5Y Avg
0.75%
Market Cap
$32.28B
Return on Invested Capital (ROIC)
4.28%
TTM Avg
7.71%
3Y Avg
8.64%
5Y Avg
10.90%
Market Cap
$32.40B
Return on Invested Capital (ROIC)
6.94%
TTM Avg
7.96%
3Y Avg
8.07%
5Y Avg
9.18%
Market Cap
$32.42B
Return on Invested Capital (ROIC)
21.63%
TTM Avg
21.87%
3Y Avg
20.30%
5Y Avg
19.27%
Market Cap
$31.02B
Return on Invested Capital (ROIC)
1.34%
TTM Avg
18.13%
3Y Avg
20.89%
5Y Avg
23.01%
Market Cap
$29.83B
Return on Invested Capital (ROIC)
4.05%
TTM Avg
6.03%
3Y Avg
5.27%
5Y Avg
5.27%
Market Cap
$34.27B
Return on Invested Capital (ROIC)
21.71%
TTM Avg
13.47%
3Y Avg
11.13%
5Y Avg
9.67%
Market Cap
$34.86B
Return on Invested Capital (ROIC)
19.18%
TTM Avg
19.41%
3Y Avg
18.01%
5Y Avg
17.23%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Alnylam Pharmaceuticals, Inc. (ALNY) | $31.73B | 24.71% | 12.21% | 1.71% | -10.55% |
| Centene Corp. (CNC)vs › | $31.99B | -12.90% | -4.21% | -0.54% | 0.75% |
| Biogen Inc. (BIIB)vs › | $32.28B | 4.28% | 7.71% | 8.64% | 10.90% |
| GE HealthCare Technologies Inc. (GEHC)vs › | $32.40B | 6.94% | 7.96% | 8.07% | 9.18% |
| Zoetis Inc. (ZTS)vs › | $32.42B | 21.63% | 21.87% | 20.30% | 19.27% |
| Waters Corporation (WAT)vs › | $31.02B | 1.34% | 18.13% | 20.89% | 23.01% |
| Medline Inc. (MDLN)vs › | $29.83B | 4.05% | 6.03% | 5.27% | 5.27% |
| DexCom, Inc. (DXCM)vs › | $34.27B | 21.71% | 13.47% | 11.13% | 9.67% |
| ResMed Inc. (RMD)vs › | $34.86B | 19.18% | 19.41% | 18.01% | 17.23% |
| Alcon Inc. (ALC)vs › | $35.12B | 3.35% | 4.01% | 3.42% | 2.30% |
ROIC
24.7%
ROE
59.7%
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 | 24.71% |
| 2026-03-31 | 19.90% |
| 2025-12-31 | 13.91% |
| 2025-09-30 | 8.03% |
| 2025-06-30 | -5.52% |
| 2025-03-31 | -3.68% |
| 2024-12-31 | -5.79% |
| 2024-09-30 | -6.30% |
| 2024-06-30 | 3.47% |
| 2024-03-31 | -6.10% |
| 2023-12-31 | -9.86% |
| 2023-09-30 | -12.27% |
| 2023-06-30 | -31.61% |
| 2023-03-31 | -28.99% |
| 2022-12-31 | -28.26% |
| 2022-09-30 | -28.63% |
| 2022-06-30 | -26.74% |
| 2022-03-31 | -23.66% |
| 2021-12-31 | -24.04% |
| 2021-09-30 | -24.75% |
| 2021-06-30 | -25.44% |
| 2021-03-31 | -29.15% |
| 2020-12-31 | -29.36% |
| 2020-09-30 | -32.98% |
| 2020-06-30 | -30.88% |
| 2020-03-31 | -49.50% |
| 2019-12-31 | -45.99% |
| 2019-09-30 | -39.37% |
| 2019-06-30 | -37.69% |
| 2019-03-31 | -45.91% |
| 2018-12-31 | -58.39% |
| 2018-09-30 | -47.72% |
| 2018-06-30 | -36.57% |
| 2018-03-31 | -29.93% |
| 2017-12-31 | -27.02% |
| 2017-09-30 | -37.24% |
| 2017-06-30 | -33.88% |
| 2017-03-31 | -40.56% |
| 2016-12-31 | -37.54% |
| 2016-09-30 | -32.63% |
| 2016-06-30 | -28.46% |
| 2016-03-31 | -28.29% |
| 2015-12-31 | -22.35% |
| 2015-09-30 | -18.07% |
| 2015-06-30 | -14.76% |
| 2015-03-31 | -12.15% |
| 2014-12-31 | -41.15% |
| 2014-09-30 | -41.84% |
| 2014-06-30 | -38.40% |
| 2014-03-31 | -35.35% |
| 2013-12-31 | -25.35% |
| 2013-09-30 | -38.64% |
| 2013-06-30 | -33.61% |
| 2013-03-31 | -30.43% |
| 2012-12-31 | -54.13% |
| 2012-09-30 | -20.44% |
| 2012-06-30 | -18.74% |
| 2012-03-31 | -18.28% |
| 2011-12-31 | -27.28% |
| 2011-09-30 | -24.80% |
| 2011-06-30 | -20.78% |
| 2011-03-31 | -17.96% |
| 2010-12-31 | -15.13% |
| 2010-09-30 | -12.69% |
| 2010-06-30 | -12.02% |
| 2010-03-31 | -14.10% |
| 2009-12-31 | -12.98% |
| 2009-09-30 | -12.13% |
| 2009-06-30 | -9.95% |
| 2009-03-31 | -7.08% |
| 2008-12-31 | -6.11% |
| 2008-09-30 | -4.76% |
| 2008-06-30 | -14.85% |
| 2008-03-31 | -18.05% |
| 2007-12-31 | -22.50% |
| 2007-09-30 | -23.80% |
| 2007-06-30 | -29.33% |
| 2007-03-31 | -25.92% |
| 2006-12-31 | -17.93% |
| 2006-09-30 | -35.25% |
| 2006-06-30 | -35.98% |
| 2006-03-31 | -34.33% |
| 2005-12-31 | -53.18% |
| 2005-09-30 | -92.10% |
| 2005-06-30 | -68.42% |
| 2005-03-31 | -47.24% |
| 2004-12-31 | -53.49% |
| 2004-09-30 | -84.06% |
| 2004-06-30 | -68.33% |
| 2004-03-31 | -119.22% |
| 2003-12-31 | -81.43% |
