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 -4.68% is 51% above its 5-year average of -9.52%, around the middle of its 5-year range (-18.14%–2.09%).
As of the fiscal period ended Tuesday, June 30, 2026. 159.30% below its 12-month average of -1.81%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): -4.68%.
RETURN ON INVESTED CAPITAL (ROIC)
-4.68%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
-1.81%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
-5.90%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
-9.52%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
-14.47%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
-20.81%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
-25.36%
CURRENT VS TTM AVG
-159.30%
CURRENT VS 3Y AVG
+20.69%
CURRENT VS 5Y AVG
+50.82%
CURRENT VS 10Y AVG
+67.64%
CURRENT VS 15Y AVG
+77.51%
CURRENT VS 20Y AVG
+81.54%
SECTOR MEDIAN · HEALTHCARE
-27.19%
median of 428 covered companies
CURRENT VS SECTOR MEDIAN
+82.79%
vs the sector median at left
AxoGen, Inc.
Market Cap
$2.00B
Return on Invested Capital (ROIC)
-4.68%
TTM Avg
-1.81%
3Y Avg
-5.90%
5Y Avg
-9.52%
Market Cap
$2.01B
Return on Invested Capital (ROIC)
0.62%
TTM Avg
-3.84%
3Y Avg
-0.68%
5Y Avg
-0.08%
Market Cap
$2.02B
Return on Invested Capital (ROIC)
21.77%
TTM Avg
7.57%
3Y Avg
-7.64%
5Y Avg
-15.11%
Market Cap
$2.02B
Return on Invested Capital (ROIC)
-51.06%
TTM Avg
-99.01%
3Y Avg
-126.31%
5Y Avg
-97.79%
Market Cap
$1.97B
Return on Invested Capital (ROIC)
-1.33%
TTM Avg
-1.10%
3Y Avg
-1.49%
5Y Avg
-1.29%
Market Cap
$2.05B
Return on Invested Capital (ROIC)
6.33%
TTM Avg
5.44%
3Y Avg
-1.33%
5Y Avg
-7.01%
Market Cap
$1.96B
Return on Invested Capital (ROIC)
-6.53%
TTM Avg
-15.76%
3Y Avg
-21.33%
5Y Avg
-21.68%
Market Cap
$1.95B
Return on Invested Capital (ROIC)
-52.66%
TTM Avg
-61.09%
3Y Avg
-54.75%
5Y Avg
-42.45%
Market Cap
$2.06B
Return on Invested Capital (ROIC)
-89.73%
TTM Avg
-14.48%
3Y Avg
-24.76%
5Y Avg
-41.39%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| AxoGen, Inc. (AXGN) | $2.00B | -4.68% | -1.81% | -5.90% | -9.52% |
| Fortrea Holdings Inc. (FTRE)vs › | $2.01B | 0.62% | -3.84% | -0.68% | -0.08% |
| Aurinia Pharmaceuticals Inc. (AUPH)vs › | $2.02B | 21.77% | 7.57% | -7.64% | -15.11% |
| Immunome, Inc. (IMNM)vs › | $2.02B | -51.06% | -99.01% | -126.31% | -97.79% |
| Azenta, Inc. (AZTA)vs › | $1.97B | -1.33% | -1.10% | -1.49% | -1.29% |
| Inspire Medical Systems, Inc. (INSP)vs › | $2.05B | 6.33% | 5.44% | -1.33% | -7.01% |
| Establishment Labs Holdings Inc. (ESTA)vs › | $1.96B | -6.53% | -15.76% | -21.33% | -21.68% |
| Absci Corporation (ABSI)vs › | $1.95B | -52.66% | -61.09% | -54.75% | -42.45% |
| BioCryst Pharmaceuticals, Inc. (BCRX)vs › | $2.06B | -89.73% | -14.48% | -24.76% | -41.39% |
| Alvotech (ALVO)vs › | $2.07B | 3.61% | 5.05% | -22.39% | -28.34% |
ROIC
-4.7%
ROE
-13.1%
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 | -4.68% |
| 2026-03-31 | -3.42% |
| 2025-12-31 | -3.96% |
| 2025-09-30 | 2.09% |
| 2025-06-30 | 0.95% |
| 2025-03-31 | -0.22% |
| 2024-12-31 | -1.90% |
| 2024-09-30 | -5.03% |
| 2024-06-30 | -7.38% |
| 2024-03-31 | -11.42% |
| 2023-12-31 | -12.90% |
| 2023-09-30 | -14.12% |
| 2023-06-30 | -14.73% |
| 2023-03-31 | -15.20% |
| 2022-12-31 | -17.31% |
| 2022-09-30 | -17.13% |
| 2022-06-30 | -18.14% |
| 2022-03-31 | -17.43% |
| 2021-12-31 | -13.83% |
| 2021-09-30 | -13.63% |
| 2021-06-30 | -10.48% |
| 2021-03-31 | -11.93% |
| 2020-12-31 | -12.98% |
| 2020-09-30 | -14.40% |
| 2020-06-30 | -19.23% |
| 2020-03-31 | -23.69% |
| 2019-12-31 | -23.18% |
| 2019-09-30 | -21.71% |
| 2019-06-30 | -20.35% |
| 2019-03-31 | -17.69% |
| 2018-12-31 | -13.93% |
| 2018-09-30 | -10.99% |
| 2018-06-30 | -8.70% |
| 2018-03-31 | -20.99% |
| 2017-12-31 | -17.33% |
| 2017-09-30 | -25.24% |
| 2017-06-30 | -23.96% |
| 2017-03-31 | -23.80% |
| 2016-12-31 | -20.67% |
| 2016-09-30 | -30.80% |
| 2016-06-30 | -31.62% |
| 2016-03-31 | -31.43% |
| 2015-12-31 | -27.39% |
| 2015-09-30 | -25.33% |
| 2015-06-30 | -41.86% |
| 2015-03-31 | -37.87% |
| 2014-12-31 | -70.23% |
| 2014-09-30 | -54.75% |
| 2014-06-30 | -51.44% |
| 2014-03-31 | -45.30% |
| 2013-12-31 | -37.49% |
| 2013-09-30 | -31.73% |
| 2013-06-30 | -62.42% |
| 2013-03-31 | -49.81% |
| 2012-12-31 | -41.61% |
| 2012-09-30 | -96.55% |
| 2012-06-30 | -100.12% |
| 2012-03-31 | -89.26% |
| 2011-12-31 | -63.87% |
| 2011-09-30 | -43.02% |
| 2011-06-30 | -32.50% |
| 2011-03-31 | -23.71% |
| 2010-12-31 | -11.46% |
| 2009-12-31 | 79.34% |
| 2009-09-30 | -133.97% |
| 2009-06-30 | -221.90% |
| 2009-03-31 | -573.41% |
| 2008-12-31 | -337.45% |
| 2008-09-30 | -222.07% |
| 2008-06-30 | -150.76% |
| 2008-03-31 | -113.36% |
| 2007-12-31 | -88.99% |
| 2007-09-30 | -103.22% |
| 2007-06-30 | -53.97% |
| 2007-03-31 | -42.96% |
| 2006-12-31 | -34.14% |
| 2006-09-30 | -8.81% |
| 2006-06-30 | -4.49% |
| 2006-03-31 | -0.61% |
| 2005-12-31 | -10.78% |
| 2005-09-30 | -18.57% |
| 2005-06-30 | -25.31% |
| 2005-03-31 | -19.61% |
| 2004-12-31 | -13.95% |
| 2004-09-30 | -56.46% |
| 2004-06-30 | -261.52% |
| 2004-03-31 | -362.04% |
| 2003-09-30 | -465.80% |
| 2003-06-30 | -278.25% |