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 12.83% is 60% above its 5-year average of 8.01%, near the high end of its 5-year range (-0.71%–13.09%).
As of the fiscal period ended Tuesday, June 30, 2026. 3.50% above its 12-month average of 12.40%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 12.83%.
RETURN ON INVESTED CAPITAL (ROIC)
12.83%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
12.40%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
10.79%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
8.01%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
8.44%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
8.13%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
12.31%
CURRENT VS TTM AVG
+3.50%
CURRENT VS 3Y AVG
+18.97%
CURRENT VS 5Y AVG
+60.14%
CURRENT VS 10Y AVG
+51.98%
CURRENT VS 15Y AVG
+57.83%
CURRENT VS 20Y AVG
+4.28%
SECTOR MEDIAN · HEALTHCARE
8.75%
median of 90 covered companies
CURRENT VS SECTOR MEDIAN
+46.76%
vs the sector median at left
AstraZeneca PLC
Market Cap
$247.58B
Return on Invested Capital (ROIC)
12.83%
TTM Avg
12.40%
3Y Avg
10.79%
5Y Avg
8.01%
Market Cap
$224.15B
Return on Invested Capital (ROIC)
7.44%
TTM Avg
7.81%
3Y Avg
8.16%
5Y Avg
9.11%
Market Cap
$206.42B
Return on Invested Capital (ROIC)
14.22%
TTM Avg
11.04%
3Y Avg
11.80%
5Y Avg
12.80%
Market Cap
$195.43B
Return on Invested Capital (ROIC)
30.21%
TTM Avg
34.36%
3Y Avg
43.28%
5Y Avg
43.42%
Market Cap
$179.79B
Return on Invested Capital (ROIC)
-3.66%
TTM Avg
11.34%
3Y Avg
11.28%
5Y Avg
10.29%
Market Cap
$178.87B
Return on Invested Capital (ROIC)
6.07%
TTM Avg
9.16%
3Y Avg
9.70%
5Y Avg
9.86%
Market Cap
$157.59B
Return on Invested Capital (ROIC)
9.33%
TTM Avg
9.06%
3Y Avg
10.61%
5Y Avg
10.43%
Market Cap
$339.06B
Return on Invested Capital (ROIC)
19.71%
TTM Avg
16.50%
3Y Avg
18.66%
5Y Avg
20.03%
Market Cap
$352.61B
Return on Invested Capital (ROIC)
9.19%
TTM Avg
10.28%
3Y Avg
12.20%
5Y Avg
12.63%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| AstraZeneca PLC (AZN) | $247.58B | 12.83% | 12.40% | 10.79% | 8.01% |
| Thermo Fisher Scientific Inc. (TMO)vs › | $224.15B | 7.44% | 7.81% | 8.16% | 9.11% |
| Amgen Inc. (AMGN)vs › | $206.42B | 14.22% | 11.04% | 11.80% | 12.80% |
| Novo Nordisk A/S (NVO)vs › | $195.43B | 30.21% | 34.36% | 43.28% | 43.42% |
| Gilead Sciences, Inc. (GILD)vs › | $179.79B | -3.66% | 11.34% | 11.28% | 10.29% |
| Abbott Laboratories (ABT)vs › | $178.87B | 6.07% | 9.16% | 9.70% | 9.86% |
| Pfizer Inc. (PFE)vs › | $157.59B | 9.33% | 9.06% | 10.61% | 10.43% |
| Roche Holding AG (RHHBY)vs › | $339.06B | 19.71% | 16.50% | 18.66% | 20.03% |
| UnitedHealth Group Incorporated (UNH)vs › | $352.61B | 9.19% | 10.28% | 12.20% | 12.63% |
| Danaher Corporation (DHR)vs › | $141.00B | 5.03% | 5.92% | 6.55% | 6.70% |
ROIC
12.8%
ROE
20.8%
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 | 12.83% |
| 2026-03-31 | 12.94% |
| 2025-12-31 | 13.09% |
| 2025-09-30 | 12.15% |
| 2025-06-30 | 10.99% |
| 2025-03-30 | 10.98% |
| 2024-12-31 | 10.35% |
| 2024-09-30 | 9.41% |
| 2024-06-30 | 9.31% |
| 2024-03-31 | 9.39% |
| 2023-12-31 | 9.35% |
| 2023-09-30 | 9.62% |
| 2023-06-30 | 9.83% |
| 2023-03-31 | 7.19% |
| 2022-12-31 | 4.97% |
| 2022-09-30 | 3.17% |
| 2022-06-30 | -0.71% |
| 2022-03-31 | 0.05% |
| 2021-12-31 | 1.25% |
| 2021-09-30 | 3.13% |
| 2021-06-30 | 9.00% |
| 2021-03-31 | 11.07% |
| 2020-12-31 | 8.52% |
| 2020-09-30 | 7.08% |
| 2020-06-30 | 6.75% |
| 2020-03-31 | 5.88% |
| 2019-12-31 | 5.14% |
| 2019-09-30 | 7.42% |
| 2019-06-30 | 7.33% |
| 2019-03-31 | 7.89% |
| 2018-12-31 | 7.34% |
| 2018-09-30 | 6.15% |
| 2018-06-30 | 6.81% |
| 2018-03-31 | 7.01% |
| 2017-12-31 | 7.47% |
| 2017-09-30 | 9.25% |
| 2017-06-30 | 9.89% |
| 2017-03-31 | 9.56% |
| 2016-12-31 | 9.49% |
| 2016-09-30 | 6.82% |
| 2016-06-30 | 6.30% |
| 2016-03-31 | 7.78% |
| 2015-12-31 | 8.22% |
| 2015-09-30 | 6.57% |
| 2015-06-30 | 4.91% |
| 2015-03-31 | 5.54% |
| 2014-12-31 | 4.85% |
| 2014-09-30 | 4.14% |
| 2014-06-30 | 5.84% |
| 2014-03-31 | 5.60% |
| 2013-12-31 | 7.02% |
| 2013-09-30 | 12.08% |
| 2013-06-30 | 12.90% |
| 2013-03-31 | 15.34% |
| 2012-12-31 | 16.49% |
| 2012-09-30 | 16.63% |
| 2012-06-30 | 22.24% |
| 2012-03-31 | 24.54% |
| 2011-12-31 | 26.52% |
| 2011-09-30 | 26.29% |
| 2011-06-30 | 21.55% |
| 2011-03-31 | 22.09% |
| 2010-12-31 | 21.44% |
| 2010-09-30 | 20.57% |
| 2010-06-30 | 22.72% |
| 2010-03-31 | 22.64% |
| 2009-12-31 | 20.55% |
| 2009-09-30 | 20.37% |
| 2009-06-30 | 19.82% |
| 2009-03-31 | 20.91% |
| 2008-12-31 | 18.74% |
| 2008-09-30 | 17.87% |
| 2008-06-30 | 16.13% |
| 2008-03-31 | 15.81% |
| 2007-12-31 | 15.40% |
| 2007-09-30 | 16.02% |
| 2007-06-30 | 15.75% |
| 2007-03-31 | 30.87% |
| 2006-12-31 | 28.28% |
| 2006-09-30 | 28.01% |
| 2006-06-30 | 26.35% |
| 2006-03-31 | 24.07% |
| 2005-12-31 | 25.47% |
| 2005-09-30 | 7.25% |
| 2005-06-30 | 5.33% |
| 2005-03-31 | 2.85% |
| 2004-12-31 | 1.28% |
| 2004-09-30 | 17.71% |
| 2004-06-30 | 17.22% |
| 2004-03-31 | 17.62% |
| 2003-12-31 | 18.63% |
| 2003-09-30 | 18.14% |
| 2003-06-30 | 18.26% |
