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 63.79% is 168% above its 5-year average of 23.81%, near the high end of its 5-year range (-0.90%–65.24%).
As of the fiscal period ended Tuesday, June 30, 2026. 3.72% above its 12-month average of 61.51%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 63.79%.
RETURN ON INVESTED CAPITAL (ROIC)
63.79%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
61.51%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
37.97%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
23.81%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
+3.72%
CURRENT VS 3Y AVG
+68.03%
CURRENT VS 5Y AVG
+167.92%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · TECHNOLOGY
8.17%
median of 193 covered companies
CURRENT VS SECTOR MEDIAN
+680.84%
vs the sector median at left
AppLovin Corporation
Market Cap
$110.92B
Return on Invested Capital (ROIC)
63.79%
TTM Avg
61.51%
3Y Avg
37.97%
5Y Avg
23.81%
Market Cap
$113.89B
Return on Invested Capital (ROIC)
17.13%
TTM Avg
18.32%
3Y Avg
20.20%
5Y Avg
20.44%
Market Cap
$107.90B
Return on Invested Capital (ROIC)
23.85%
TTM Avg
24.26%
3Y Avg
32.39%
5Y Avg
31.71%
Market Cap
$116.72B
Return on Invested Capital (ROIC)
-24.89%
TTM Avg
-27.77%
3Y Avg
-22.54%
5Y Avg
-19.06%
Market Cap
$99.18B
Return on Invested Capital (ROIC)
40.02%
TTM Avg
31.16%
3Y Avg
27.93%
5Y Avg
27.17%
Market Cap
$124.85B
Return on Invested Capital (ROIC)
-6.90%
TTM Avg
-5.13%
3Y Avg
-6.98%
5Y Avg
-7.11%
Market Cap
$96.11B
Return on Invested Capital (ROIC)
7.20%
TTM Avg
5.97%
3Y Avg
7.71%
5Y Avg
7.86%
Market Cap
$128.57B
Return on Invested Capital (ROIC)
32.78%
TTM Avg
27.98%
3Y Avg
29.21%
5Y Avg
26.02%
Market Cap
$87.23B
Return on Invested Capital (ROIC)
0.23%
TTM Avg
0.17%
3Y Avg
-0.80%
5Y Avg
-0.85%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| AppLovin Corporation (APP) | $110.92B | 63.79% | 61.51% | 37.97% | 23.81% |
| Accenture plc (ACN)vs › | $113.89B | 17.13% | 18.32% | 20.20% | 20.44% |
| Automatic Data Processing, Inc. (ADP)vs › | $107.90B | 23.85% | 24.26% | 32.39% | 31.71% |
| Snowflake Inc. (SNOW)vs › | $116.72B | -24.89% | -27.77% | -22.54% | -19.06% |
| Adobe Inc. (ADBE)vs › | $99.18B | 40.02% | 31.16% | 27.93% | 27.17% |
| Cloudflare, Inc. (NET)vs › | $124.85B | -6.90% | -5.13% | -6.98% | -7.11% |
| ASE Technology Holding Co., Ltd. (ASX)vs › | $96.11B | 7.20% | 5.97% | 7.71% | 7.86% |
| Fortinet, Inc. (FTNT)vs › | $128.57B | 32.78% | 27.98% | 29.21% | 26.02% |
| Datadog, Inc. (DDOG)vs › | $87.23B | 0.23% | 0.17% | -0.80% | -0.85% |
| Corning Inc (GLW)vs › | $136.94B | 8.19% | 5.55% | 4.63% | 4.45% |
ROIC
63.8%
ROE
139.4%
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 | 63.79% |
| 2026-03-31 | 65.24% |
| 2025-12-31 | 60.85% |
| 2025-09-30 | 60.27% |
| 2025-06-30 | 57.39% |
| 2025-03-31 | 51.65% |
| 2024-12-31 | 38.79% |
| 2024-09-30 | 30.14% |
| 2024-06-30 | 24.14% |
| 2024-03-31 | 18.73% |
| 2023-12-31 | 13.12% |
| 2023-09-30 | 6.25% |
| 2023-06-30 | 3.19% |
| 2023-03-31 | 2.65% |
| 2022-12-31 | -0.90% |
| 2022-09-30 | 0.63% |
| 2022-06-30 | 0.54% |
| 2022-03-31 | 0.20% |
| 2021-12-31 | 2.06% |
| 2021-09-30 | 2.15% |
| 2021-06-30 | -0.85% |
| 2021-03-31 | -3.52% |
