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 -12.12% is 56% above its 5-year average of -27.41%, around the middle of its 5-year range (-69.00%–21.24%).
As of the fiscal period ended Tuesday, June 30, 2026. 919.51% below its 12-month average of -1.19%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q3 FY2026 (2026-06-30): -12.12%.
RETURN ON INVESTED CAPITAL (ROIC)
-12.12%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
-1.19%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
-28.42%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
-27.41%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
-27.77%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
-39.33%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
-56.78%
CURRENT VS TTM AVG
-919.51%
CURRENT VS 3Y AVG
+57.37%
CURRENT VS 5Y AVG
+55.78%
CURRENT VS 10Y AVG
+56.36%
CURRENT VS 15Y AVG
+69.19%
CURRENT VS 20Y AVG
+78.66%
SECTOR MEDIAN · HEALTHCARE
-27.19%
median of 428 covered companies
CURRENT VS SECTOR MEDIAN
+55.43%
vs the sector median at left
Arrowhead Pharmaceuticals, Inc.
Market Cap
$8.78B
Return on Invested Capital (ROIC)
-12.12%
TTM Avg
-1.19%
3Y Avg
-28.42%
5Y Avg
-27.41%
Market Cap
$8.59B
Return on Invested Capital (ROIC)
14.76%
TTM Avg
-51.69%
3Y Avg
-63.43%
5Y Avg
-49.69%
Market Cap
$9.11B
Return on Invested Capital (ROIC)
-50.82%
TTM Avg
-63.49%
3Y Avg
-63.78%
5Y Avg
-84.79%
Market Cap
$8.41B
Return on Invested Capital (ROIC)
22.98%
TTM Avg
-12.21%
3Y Avg
-17.44%
5Y Avg
-20.18%
Market Cap
$9.35B
Return on Invested Capital (ROIC)
2.56%
TTM Avg
2.83%
3Y Avg
6.99%
5Y Avg
7.71%
Market Cap
$9.39B
Return on Invested Capital (ROIC)
16.04%
TTM Avg
12.65%
3Y Avg
9.01%
5Y Avg
7.29%
Market Cap
$9.60B
Return on Invested Capital (ROIC)
6.53%
TTM Avg
6.69%
3Y Avg
7.80%
5Y Avg
8.31%
Market Cap
$9.72B
Return on Invested Capital (ROIC)
2.56%
TTM Avg
2.83%
3Y Avg
6.99%
5Y Avg
7.71%
Market Cap
$7.80B
Return on Invested Capital (ROIC)
-39.80%
TTM Avg
-45.97%
3Y Avg
-48.64%
5Y Avg
-39.58%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Arrowhead Pharmaceuticals, Inc. (ARWR) | $8.78B | -12.12% | -1.19% | -28.42% | -27.41% |
| Caris Life Sciences, Inc. (CAI)vs › | $8.59B | 14.76% | -51.69% | -63.43% | -49.69% |
| Axsome Therapeutics, Inc. (AXSM)vs › | $9.11B | -50.82% | -63.49% | -63.78% | -84.79% |
| Oscar Health, Inc. (OSCR)vs › | $8.41B | 22.98% | -12.21% | -17.44% | -20.18% |
| Bruker Corporation (BRKRP)vs › | $9.35B | 2.56% | 2.83% | 6.99% | 7.71% |
| Insulet Corp. (PODD)vs › | $9.39B | 16.04% | 12.65% | 9.01% | 7.29% |
| Henry Schein, Inc. (HSIC)vs › | $9.60B | 6.53% | 6.69% | 7.80% | 8.31% |
| Bruker Corporation (BRKR)vs › | $9.72B | 2.56% | 2.83% | 6.99% | 7.71% |
| Cytokinetics, Incorporated (CYTK)vs › | $7.80B | -39.80% | -45.97% | -48.64% | -39.58% |
| HealthEquity, Inc. (HQY)vs › | $7.65B | 8.55% | 6.73% | 4.46% | 3.72% |
ROIC
-12.1%
ROE
-68.7%
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 | -12.12% |
| 2026-03-31 | -10.98% |
| 2025-12-31 | 21.24% |
| 2025-09-30 | 4.67% |
| 2025-06-30 | -8.76% |
| 2025-03-31 | -8.32% |
| 2024-12-31 | -67.44% |
| 2024-09-30 | -57.63% |
| 2024-06-30 | -69.00% |
| 2024-03-31 | -52.92% |
| 2023-12-31 | -52.90% |
| 2023-09-30 | -30.57% |
| 2023-06-30 | -24.78% |
| 2023-03-31 | -18.68% |
| 2022-12-31 | -20.37% |
| 2022-09-30 | -32.11% |
| 2022-06-30 | -25.47% |
| 2022-03-31 | -20.88% |
| 2021-12-31 | -37.34% |
| 2021-09-30 | -26.34% |
| 2021-06-30 | -24.83% |
| 2021-03-31 | -20.03% |
| 2020-12-31 | -23.64% |
| 2020-09-30 | -19.29% |
| 2020-06-30 | -6.50% |
| 2020-03-31 | 0.22% |
| 2019-12-31 | 8.80% |
| 2019-09-30 | 24.15% |
| 2019-06-30 | 16.17% |
| 2019-03-31 | 2.53% |
| 2018-12-31 | -15.11% |
| 2018-09-30 | -56.23% |
| 2018-06-30 | -51.91% |
| 2018-03-31 | -37.95% |
| 2017-12-31 | -48.06% |
| 2017-09-30 | -43.26% |
| 2017-06-30 | -51.11% |
| 2017-03-31 | -62.47% |
| 2016-12-31 | -71.94% |
| 2016-09-30 | -79.57% |
| 2016-06-30 | -120.24% |
| 2016-03-31 | -101.59% |
| 2015-12-31 | -91.06% |
| 2015-09-30 | -82.47% |
| 2015-06-30 | -68.63% |
| 2015-03-31 | -60.20% |
| 2014-12-31 | -47.39% |
| 2014-09-30 | -31.15% |
| 2014-06-30 | -20.66% |
| 2014-03-31 | -16.88% |
| 2013-12-31 | -31.62% |
| 2013-09-30 | -83.14% |
| 2013-06-30 | -61.47% |
| 2013-03-31 | -364.79% |
| 2012-12-31 | -216.68% |
| 2012-09-30 | -186.63% |
| 2012-06-30 | -174.50% |
| 2012-03-31 | -99.16% |
| 2011-12-31 | -58.51% |
| 2011-09-30 | -73.88% |
| 2011-06-30 | -83.25% |
| 2011-03-31 | -69.75% |
| 2010-12-31 | -108.79% |
| 2010-09-30 | -85.06% |
| 2010-06-30 | -85.00% |
| 2010-03-31 | -156.82% |
| 2009-12-31 | -186.87% |
| 2009-09-30 | -365.61% |
| 2009-06-30 | -577.05% |
| 2009-03-31 | -615.95% |
| 2008-12-31 | -326.71% |
| 2008-09-30 | -246.96% |
| 2008-06-30 | -214.21% |
| 2008-03-31 | -173.10% |
| 2007-12-31 | -142.21% |
| 2007-09-30 | -140.78% |
| 2007-06-30 | -103.82% |
| 2007-03-31 | -101.69% |
| 2006-12-31 | -70.97% |
| 2006-09-30 | -73.81% |
| 2006-06-30 | -42.80% |
| 2006-03-31 | -35.09% |
| 2005-12-31 | -43.59% |
| 2005-09-30 | -29.31% |
| 2005-06-30 | -25.74% |
| 2005-03-31 | -38.91% |
| 2004-12-31 | -44.50% |
| 2004-09-30 | -24.66% |
| 2004-06-30 | -10.93% |
| 2004-03-31 | -6.16% |
| 2003-12-31 | -9.71% |
| 2003-09-30 | -6.65% |