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 6.39% is 256% above its 1-year average of -4.09%, near the high end of its 1-year range (-16.84%–6.39%).
As of the fiscal period ended Tuesday, June 30, 2026. 1359.56% above its 12-month average of 0.44%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 6.39%.
RETURN ON INVESTED CAPITAL (ROIC)
6.39%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
0.44%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
N/A
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
+1359.56%
CURRENT VS 3Y AVG
N/A
CURRENT VS 5Y AVG
N/A
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · HEALTHCARE
-32.73%
median of 619 covered companies
CURRENT VS SECTOR MEDIAN
+119.53%
vs the sector median at left
BillionToOne, Inc.
Market Cap
$4.64B
Return on Invested Capital (ROIC)
6.39%
TTM Avg
0.44%
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$4.65B
Return on Invested Capital (ROIC)
3.03%
TTM Avg
-0.36%
3Y Avg
-5.28%
5Y Avg
-5.99%
Market Cap
$4.68B
Return on Invested Capital (ROIC)
-23.81%
TTM Avg
-42.00%
3Y Avg
-57.33%
5Y Avg
-55.42%
Market Cap
$4.64B
Return on Invested Capital (ROIC)
9.68%
TTM Avg
9.25%
3Y Avg
8.40%
5Y Avg
7.66%
Market Cap
$4.81B
Return on Invested Capital (ROIC)
-18.48%
TTM Avg
-32.11%
3Y Avg
-33.07%
5Y Avg
-32.00%
Market Cap
$4.81B
Return on Invested Capital (ROIC)
-13.88%
TTM Avg
-24.38%
3Y Avg
-22.93%
5Y Avg
-25.00%
Market Cap
$4.86B
Return on Invested Capital (ROIC)
-13.09%
TTM Avg
-9.79%
3Y Avg
-21.15%
5Y Avg
-33.38%
Market Cap
$4.43B
Return on Invested Capital (ROIC)
-6.67%
TTM Avg
-24.96%
3Y Avg
-29.08%
5Y Avg
-26.21%
Market Cap
$4.42B
Return on Invested Capital (ROIC)
N/A
TTM Avg
37.59%
3Y Avg
8.11%
5Y Avg
6.10%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| BillionToOne, Inc. (BLLN) | $4.64B | 6.39% | 0.44% | N/A | N/A |
| LifeStance Health Group, Inc. (LFST)vs › | $4.65B | 3.03% | -0.36% | -5.28% | -5.99% |
| Definium Therapeutics, Inc. (DFTX)vs › | $4.68B | -23.81% | -42.00% | -57.33% | -55.42% |
| Option Care Health, Inc. (OPCH)vs › | $4.64B | 9.68% | 9.25% | 8.40% | 7.66% |
| Dianthus Therapeutics, Inc. (DNTH)vs › | $4.81B | -18.48% | -32.11% | -33.07% | -32.00% |
| Oruka Therapeutics, Inc. (ORKA)vs › | $4.81B | -13.88% | -24.38% | -22.93% | -25.00% |
| Mirum Pharmaceuticals, Inc. (MIRM)vs › | $4.86B | -13.09% | -9.79% | -21.15% | -33.38% |
| Adaptive Biotechnologies Corporation (ADPT)vs › | $4.43B | -6.67% | -24.96% | -29.08% | -26.21% |
| Indivior Pharmaceuticals Inc (INDV)vs › | $4.42B | N/A | 37.59% | 8.11% | 6.10% |
| Heartflow, Inc. Common Stock (HTFL)vs › | $4.36B | -23.69% | -46.07% | -46.68% | -46.68% |
ROIC
6.4%
ROE
6.2%
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 | 6.39% |
| 2026-03-31 | 5.43% |
| 2025-12-31 | 2.61% |
| 2025-09-30 | -2.09% |
| 2025-06-30 | -10.15% |
| 2025-03-31 | -14.01% |
| 2024-12-31 | -16.84% |
