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 -11.30% is 75% above its 5-year average of -45.18%, near the high end of its 5-year range (-76.70%–-11.30%).
As of the fiscal period ended Tuesday, June 30, 2026. 44.60% above its 12-month average of -20.39%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): -11.30%.
RETURN ON INVESTED CAPITAL (ROIC)
-11.30%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
-20.39%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
-45.21%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
-45.18%
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
+44.60%
CURRENT VS 3Y AVG
+75.02%
CURRENT VS 5Y AVG
+75.00%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · TECHNOLOGY
2.26%
median of 532 covered companies
CURRENT VS SECTOR MEDIAN
-599.80%
vs the sector median at left
Backblaze, Inc.
Market Cap
$821.60M
Return on Invested Capital (ROIC)
-11.30%
TTM Avg
-20.39%
3Y Avg
-45.21%
5Y Avg
-45.18%
Market Cap
$814.83M
Return on Invested Capital (ROIC)
0.80%
TTM Avg
1.40%
3Y Avg
-4.83%
5Y Avg
-7.85%
Market Cap
$801.83M
Return on Invested Capital (ROIC)
8.11%
TTM Avg
1.88%
3Y Avg
2.76%
5Y Avg
3.21%
Market Cap
$845.96M
Return on Invested Capital (ROIC)
0.74%
TTM Avg
3.69%
3Y Avg
8.68%
5Y Avg
11.80%
Market Cap
$797.74M
Return on Invested Capital (ROIC)
-25.08%
TTM Avg
-10.09%
3Y Avg
1.19%
5Y Avg
10.39%
Market Cap
$847.25M
Return on Invested Capital (ROIC)
0.76%
TTM Avg
5.96%
3Y Avg
3.00%
5Y Avg
-0.33%
Market Cap
$788.08M
Return on Invested Capital (ROIC)
2.61%
TTM Avg
2.47%
3Y Avg
-4.54%
5Y Avg
0.98%
Market Cap
$860.52M
Return on Invested Capital (ROIC)
12.95%
TTM Avg
12.96%
3Y Avg
13.16%
5Y Avg
9.20%
Market Cap
$868.62M
Return on Invested Capital (ROIC)
-0.01%
TTM Avg
-4.17%
3Y Avg
-1.81%
5Y Avg
1.62%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Backblaze, Inc. (BLZE) | $821.60M | -11.30% | -20.39% | -45.21% | -45.18% |
| Rapid7, Inc. (RPD)vs › | $814.83M | 0.80% | 1.40% | -4.83% | -7.85% |
| Mitek Systems, Inc. (MITK)vs › | $801.83M | 8.11% | 1.88% | 2.76% | 3.21% |
| Playtika Holding Corp. (PLTK)vs › | $845.96M | 0.74% | 3.69% | 8.68% | 11.80% |
| HIVE Digital Technologies Ltd. (HIVE)vs › | $797.74M | -25.08% | -10.09% | 1.19% | 10.39% |
| Frequency Electronics, Inc. (FEIM)vs › | $847.25M | 0.76% | 5.96% | 3.00% | -0.33% |
| Viant Technology Inc. (DSP)vs › | $788.08M | 2.61% | 2.47% | -4.54% | 0.98% |
| Daktronics, Inc. (DAKT)vs › | $860.52M | 12.95% | 12.96% | 13.16% | 9.20% |
| Alpha and Omega Semiconductor Limited (AOSL)vs › | $868.62M | -0.01% | -4.17% | -1.81% | 1.62% |
| PubMatic, Inc. (PUBM)vs › | $875.22M | -4.95% | -2.34% | 1.25% | 6.34% |
ROIC
-11.3%
ROE
-23.1%
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 | -11.30% |
| 2026-03-31 | -15.11% |
| 2025-12-31 | -18.03% |
| 2025-09-30 | -24.64% |
| 2025-06-30 | -32.87% |
| 2025-03-31 | -34.11% |
| 2024-12-31 | -42.56% |
| 2024-09-30 | -57.29% |
| 2024-06-30 | -65.06% |
| 2024-03-31 | -67.71% |
| 2023-12-31 | -76.70% |
| 2023-09-30 | -74.92% |
| 2023-06-30 | -67.44% |
| 2023-03-31 | -59.43% |
| 2022-12-31 | -50.02% |
| 2022-09-30 | -41.04% |
| 2022-06-30 | -32.04% |
| 2022-03-31 | -24.49% |
| 2021-12-31 | -15.86% |
| 2021-09-30 | -70.13% |
| 2021-06-30 | -68.13% |
| 2020-12-31 | -19.93% |
