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 9.26% is 1624% above its 5-year average of 0.54%, near the high end of its 5-year range (-9.31%–9.26%).
As of the fiscal period ended Tuesday, June 30, 2026. 51.49% above its 12-month average of 6.11%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 9.26%.
RETURN ON INVESTED CAPITAL (ROIC)
9.26%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
6.11%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
4.40%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
0.54%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
1.80%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
2.95%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
-14.83%
CURRENT VS TTM AVG
+51.49%
CURRENT VS 3Y AVG
+110.35%
CURRENT VS 5Y AVG
+1623.83%
CURRENT VS 10Y AVG
+415.19%
CURRENT VS 15Y AVG
+214.13%
CURRENT VS 20Y AVG
+162.45%
SECTOR MEDIAN · HEALTHCARE
-27.22%
median of 433 covered companies
CURRENT VS SECTOR MEDIAN
+134.02%
vs the sector median at left
ANI Pharmaceuticals, Inc.
Market Cap
$1.65B
Return on Invested Capital (ROIC)
9.26%
TTM Avg
6.11%
3Y Avg
4.40%
5Y Avg
0.54%
Market Cap
$1.65B
Return on Invested Capital (ROIC)
-7.32%
TTM Avg
-17.29%
3Y Avg
-24.58%
5Y Avg
-25.54%
Market Cap
$1.71B
Return on Invested Capital (ROIC)
10.03%
TTM Avg
-6.49%
3Y Avg
-7.14%
5Y Avg
-3.83%
Market Cap
$1.57B
Return on Invested Capital (ROIC)
0.59%
TTM Avg
0.35%
3Y Avg
-0.10%
5Y Avg
-0.25%
Market Cap
$1.76B
Return on Invested Capital (ROIC)
9.23%
TTM Avg
-10.32%
3Y Avg
-22.84%
5Y Avg
-22.10%
Market Cap
$1.52B
Return on Invested Capital (ROIC)
20.41%
TTM Avg
-2.25%
3Y Avg
-13.09%
5Y Avg
-29.56%
Market Cap
$1.52B
Return on Invested Capital (ROIC)
-19.87%
TTM Avg
-24.87%
3Y Avg
-20.19%
5Y Avg
-15.68%
Market Cap
$1.78B
Return on Invested Capital (ROIC)
-54.45%
TTM Avg
-54.60%
3Y Avg
-46.39%
5Y Avg
-38.46%
Market Cap
$1.78B
Return on Invested Capital (ROIC)
-94.79%
TTM Avg
-70.21%
3Y Avg
-70.21%
5Y Avg
-70.21%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| ANI Pharmaceuticals, Inc. (ANIP) | $1.65B | 9.26% | 6.11% | 4.40% | 0.54% |
| Alphatec Holdings, Inc. (ATEC)vs › | $1.65B | -7.32% | -17.29% | -24.58% | -25.54% |
| DENTSPLY SIRONA Inc. (XRAY)vs › | $1.71B | 10.03% | -6.49% | -7.14% | -3.83% |
| Certara, Inc. (CERT)vs › | $1.57B | 0.59% | 0.35% | -0.10% | -0.25% |
| Alignment Healthcare, Inc. (ALHC)vs › | $1.76B | 9.23% | -10.32% | -22.84% | -22.10% |
| Eton Pharmaceuticals, Inc. (ETON)vs › | $1.52B | 20.41% | -2.25% | -13.09% | -29.56% |
| GH Research PLC (GHRS)vs › | $1.52B | -19.87% | -24.87% | -20.19% | -15.68% |
| Intellia Therapeutics, Inc. (NTLA)vs › | $1.78B | -54.45% | -54.60% | -46.39% | -38.46% |
| Generate Biomedicines, Inc. (GENB)vs › | $1.78B | -94.79% | -70.21% | -70.21% | -70.21% |
| Braveheart Bio, Inc. (BRVE)vs › | $1.51B | N/A | N/A | N/A | N/A |
ROIC
9.3%
ROE
17.7%
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 | 9.26% |
| 2026-03-31 | 8.17% |
| 2025-12-31 | 7.70% |
| 2025-09-30 | 4.08% |
| 2025-06-30 | 1.36% |
| 2025-03-31 | 0.59% |
| 2024-12-31 | 0.05% |
| 2024-09-30 | 1.06% |
| 2024-06-30 | 4.88% |
| 2024-03-31 | 6.09% |
| 2023-12-31 | 5.84% |
| 2023-09-30 | 5.56% |
| 2023-06-30 | 2.59% |
| 2023-03-31 | -0.97% |
| 2022-12-31 | -5.33% |
| 2022-09-30 | -9.24% |
| 2022-06-30 | -9.06% |
| 2022-03-31 | -9.31% |
| 2021-12-31 | -5.81% |
| 2021-09-30 | -3.92% |
| 2021-06-30 | -2.31% |
| 2021-03-31 | -1.30% |
| 2020-12-31 | -4.05% |
| 2020-09-30 | -5.26% |
| 2020-06-30 | -4.14% |
| 2020-03-31 | 0.99% |
| 2019-12-31 | 4.04% |
| 2019-09-30 | 7.18% |
| 2019-06-30 | 7.50% |
| 2019-03-31 | 6.49% |
| 2018-12-31 | 7.18% |
| 2018-09-30 | 4.32% |
| 2018-06-30 | 4.31% |
| 2018-03-31 | 4.35% |
| 2017-12-31 | 4.14% |
| 2017-09-30 | 4.79% |
| 2017-06-30 | 3.68% |
| 2017-03-31 | 3.22% |
| 2016-12-31 | 3.80% |
| 2016-09-30 | 4.96% |
| 2016-06-30 | 6.21% |
| 2016-03-31 | 7.29% |
| 2015-12-31 | 8.46% |
| 2015-09-30 | 13.72% |
| 2015-06-30 | 14.04% |
| 2015-03-31 | 10.15% |
| 2014-12-31 | 7.99% |
| 2014-09-30 | 11.09% |
| 2014-06-30 | 5.74% |
| 2014-03-31 | 4.14% |
| 2013-12-31 | -5.97% |
| 2013-09-30 | -26.00% |
| 2013-06-30 | -44.19% |
| 2013-03-31 | -34.51% |
| 2012-12-31 | -43.79% |
| 2012-09-30 | -69.54% |
| 2012-06-30 | -97.50% |
| 2012-03-31 | -89.34% |
| 2011-12-31 | -94.64% |
| 2011-09-30 | -85.30% |
| 2011-06-30 | -169.92% |
| 2011-03-31 | -111.05% |
| 2010-12-31 | -115.37% |
| 2010-09-30 | -132.65% |
| 2010-06-30 | -88.65% |
| 2010-03-31 | -83.61% |
| 2009-12-31 | -90.62% |
| 2009-09-30 | -151.25% |
| 2009-06-30 | -296.45% |
| 2009-03-31 | -179.27% |
| 2008-12-31 | -130.41% |
| 2008-09-30 | -119.23% |
| 2008-06-30 | -65.87% |
| 2008-03-31 | -41.71% |
| 2007-12-31 | -29.20% |
| 2007-09-30 | 7.06% |
| 2007-06-30 | 13.95% |
| 2007-03-31 | 29.34% |
| 2006-12-31 | 19.03% |
| 2006-09-30 | -91.27% |
| 2006-06-30 | -360.45% |
| 2006-03-31 | -205.50% |
| 2005-12-31 | -134.65% |
| 2005-09-30 | -126.30% |
| 2005-06-30 | -116.22% |
| 2005-03-31 | -94.53% |
| 2004-12-31 | -77.05% |
| 2004-09-30 | -49.67% |
| 2004-06-30 | -37.38% |
| 2004-03-31 | -96.82% |
| 2003-12-31 | -69.75% |
| 2003-09-30 | -46.31% |
| 2003-06-30 | -202.30% |
