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 3.72% is 13% below its 5-year average of 4.29%, near the low end of its 5-year range (3.56%–5.22%).
As of the fiscal period ended Tuesday, June 30, 2026. 14.03% below its 12-month average of 4.33%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q3 FY2026 (2026-06-30): 3.72%.
RETURN ON INVESTED CAPITAL (ROIC)
3.72%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
4.33%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
4.11%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
4.29%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
3.78%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
5.70%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
8.11%
CURRENT VS TTM AVG
-14.03%
CURRENT VS 3Y AVG
-9.47%
CURRENT VS 5Y AVG
-13.26%
CURRENT VS 10Y AVG
-1.64%
CURRENT VS 15Y AVG
-34.73%
CURRENT VS 20Y AVG
-54.12%
SECTOR MEDIAN · HEALTHCARE
8.75%
median of 90 covered companies
CURRENT VS SECTOR MEDIAN
-57.45%
vs the sector median at left
Becton, Dickinson and Company
Market Cap
$49.00B
Return on Invested Capital (ROIC)
3.72%
TTM Avg
4.33%
3Y Avg
4.11%
5Y Avg
4.29%
Market Cap
$49.21B
Return on Invested Capital (ROIC)
4.52%
TTM Avg
3.25%
3Y Avg
5.37%
5Y Avg
7.01%
Market Cap
$48.58B
Return on Invested Capital (ROIC)
10.22%
TTM Avg
11.08%
3Y Avg
14.46%
5Y Avg
15.87%
Market Cap
$43.20B
Return on Invested Capital (ROIC)
6.79%
TTM Avg
3.17%
3Y Avg
0.33%
5Y Avg
-0.73%
Market Cap
$43.09B
Return on Invested Capital (ROIC)
8.32%
TTM Avg
8.41%
3Y Avg
8.23%
5Y Avg
6.99%
Market Cap
$54.94B
Return on Invested Capital (ROIC)
13.45%
TTM Avg
12.41%
3Y Avg
9.39%
5Y Avg
5.98%
Market Cap
$41.50B
Return on Invested Capital (ROIC)
11.88%
TTM Avg
12.59%
3Y Avg
13.58%
5Y Avg
12.74%
Market Cap
$57.13B
Return on Invested Capital (ROIC)
-39.16%
TTM Avg
-31.38%
3Y Avg
-12.74%
5Y Avg
0.29%
Market Cap
$39.81B
Return on Invested Capital (ROIC)
41.33%
TTM Avg
37.21%
3Y Avg
35.10%
5Y Avg
36.21%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Becton, Dickinson and Company (BDX) | $49.00B | 3.72% | 4.33% | 4.11% | 4.29% |
| Humana Inc. (HUM)vs › | $49.21B | 4.52% | 3.25% | 5.37% | 7.01% |
| Edwards Lifesciences Corporation (EW)vs › | $48.58B | 10.22% | 11.08% | 14.46% | 15.87% |
| Teva Pharmaceutical Industries Limited (TEVA)vs › | $43.20B | 6.79% | 3.17% | 0.33% | -0.73% |
| IQVIA Holdings Inc. (IQV)vs › | $43.09B | 8.32% | 8.41% | 8.23% | 6.99% |
| Cardinal Health, Inc. (CAH)vs › | $54.94B | 13.45% | 12.41% | 9.39% | 5.98% |
| Agilent Technologies, Inc. (A)vs › | $41.50B | 11.88% | 12.59% | 13.58% | 12.74% |
| Moderna, Inc. (MRNA)vs › | $57.13B | -39.16% | -31.38% | -12.74% | 0.29% |
| IDEXX Laboratories, Inc. (IDXX)vs › | $39.81B | 41.33% | 37.21% | 35.10% | 36.21% |
| Cencora, Inc. (COR)vs › | $62.57B | 12.75% | 15.09% | 14.58% | 14.67% |
ROIC
3.7%
ROE
3.9%
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 | 3.72% |
| 2026-03-31 | 4.10% |
| 2025-12-31 | 4.75% |
| 2025-09-30 | 4.73% |
| 2025-06-30 | 4.33% |
| 2025-03-31 | 4.09% |
| 2024-12-31 | 4.41% |
| 2024-09-30 | 4.03% |
| 2024-06-30 | 3.69% |
| 2024-03-31 | 3.56% |
| 2023-12-31 | 3.56% |
| 2023-09-30 | 4.11% |
| 2023-06-30 | 4.33% |
| 2023-03-31 | 4.27% |
| 2022-12-31 | 4.32% |
| 2022-09-30 | 4.42% |
| 2022-06-30 | 4.47% |
| 2022-03-31 | 4.41% |
| 2021-12-31 | 4.40% |
| 2021-09-30 | 5.22% |
| 2021-06-30 | 4.61% |
| 2021-03-31 | 4.28% |
| 2020-12-31 | 4.12% |
| 2020-09-30 | 2.69% |
| 2020-06-30 | 2.71% |
| 2020-03-31 | 3.27% |
| 2019-12-31 | 2.88% |
| 2019-09-30 | 3.71% |
| 2019-06-30 | 2.71% |
| 2019-03-31 | 2.63% |
| 2018-12-31 | 2.58% |
| 2018-09-30 | 1.68% |
| 2018-06-30 | 1.97% |
| 2018-03-31 | 1.27% |
| 2017-12-31 | 1.76% |
| 2017-09-30 | 4.27% |
| 2017-06-30 | 3.29% |
| 2017-03-31 | 7.75% |
| 2016-12-31 | 7.59% |
| 2016-09-30 | 5.86% |
| 2016-06-30 | 6.39% |
| 2016-03-31 | 4.95% |
| 2015-12-31 | 4.39% |
| 2015-09-30 | 4.22% |
| 2015-06-30 | 4.26% |
| 2015-03-31 | 4.80% |
| 2014-12-31 | 7.53% |
| 2014-09-30 | 12.01% |
| 2014-06-30 | 9.88% |
| 2014-03-31 | 9.63% |
| 2013-12-31 | 9.72% |
| 2013-09-30 | 9.79% |
| 2013-06-30 | 11.77% |
| 2013-03-31 | 11.92% |
| 2012-12-31 | 12.00% |
| 2012-09-30 | 11.99% |
| 2012-06-30 | 12.51% |
| 2012-03-31 | 12.17% |
| 2011-12-31 | 12.23% |
| 2011-09-30 | 14.52% |
| 2011-06-30 | 13.28% |
| 2011-03-31 | 13.24% |
| 2010-12-31 | 13.34% |
| 2010-09-30 | 14.06% |
| 2010-06-30 | 15.64% |
| 2010-03-31 | 16.21% |
| 2009-12-31 | 15.76% |
| 2009-09-30 | 15.40% |
| 2009-06-30 | 15.78% |
| 2009-03-31 | 17.87% |
| 2008-12-31 | 18.13% |
| 2008-09-30 | 16.82% |
| 2008-06-30 | 15.92% |
| 2008-03-31 | 15.61% |
| 2007-12-31 | 15.82% |
| 2007-09-30 | 14.12% |
| 2007-06-30 | 13.19% |
| 2007-03-31 | 13.01% |
| 2006-12-31 | 12.42% |
| 2006-09-30 | 13.83% |
| 2006-06-30 | 14.15% |
| 2006-03-31 | 13.75% |
| 2005-12-31 | 14.41% |
| 2005-09-30 | 14.25% |
| 2005-06-30 | 15.59% |
| 2005-03-31 | 13.97% |
| 2004-12-31 | 13.84% |
| 2004-09-30 | 12.81% |
| 2004-06-30 | 12.45% |
| 2004-03-31 | 12.68% |
| 2003-12-31 | 12.61% |
| 2003-09-30 | 12.42% |
| 2003-06-30 | 11.81% |