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 11.28% is 32% above its 5-year average of 8.57%, near the high end of its 5-year range (3.90%–11.71%).
As of the fiscal period ended Tuesday, June 30, 2026. 2.73% above its 12-month average of 10.98%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 11.28%.
RETURN ON INVESTED CAPITAL (ROIC)
11.28%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
10.98%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
10.11%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
8.57%
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
+2.73%
CURRENT VS 3Y AVG
+11.56%
CURRENT VS 5Y AVG
+31.70%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · TECHNOLOGY
7.63%
median of 226 covered companies
CURRENT VS SECTOR MEDIAN
+47.85%
vs the sector median at left
Bentley Systems, Incorporated
Market Cap
$9.42B
Return on Invested Capital (ROIC)
11.28%
TTM Avg
10.98%
3Y Avg
10.11%
5Y Avg
8.57%
Market Cap
$9.41B
Return on Invested Capital (ROIC)
14.77%
TTM Avg
9.14%
3Y Avg
11.24%
5Y Avg
15.36%
Market Cap
$9.28B
Return on Invested Capital (ROIC)
-3.49%
TTM Avg
-11.35%
3Y Avg
-13.11%
5Y Avg
-12.97%
Market Cap
$9.61B
Return on Invested Capital (ROIC)
-10.06%
TTM Avg
-22.39%
3Y Avg
-7.77%
5Y Avg
-5.74%
Market Cap
$9.77B
Return on Invested Capital (ROIC)
-1.37%
TTM Avg
-2.59%
3Y Avg
-9.00%
5Y Avg
-12.88%
Market Cap
$9.96B
Return on Invested Capital (ROIC)
23.60%
TTM Avg
21.75%
3Y Avg
20.25%
5Y Avg
18.82%
Market Cap
$10.07B
Return on Invested Capital (ROIC)
7.78%
TTM Avg
4.21%
3Y Avg
2.94%
5Y Avg
6.67%
Market Cap
$10.13B
Return on Invested Capital (ROIC)
18.77%
TTM Avg
17.83%
3Y Avg
16.55%
5Y Avg
16.46%
Market Cap
$8.65B
Return on Invested Capital (ROIC)
16.87%
TTM Avg
23.00%
3Y Avg
16.70%
5Y Avg
12.52%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Bentley Systems, Incorporated (BSY) | $9.42B | 11.28% | 10.98% | 10.11% | 8.57% |
| Silicon Motion Technology Corporation (SIMO)vs › | $9.41B | 14.77% | 9.14% | 11.24% | 15.36% |
| Applied Optoelectronics, Inc. (AAOI)vs › | $9.28B | -3.49% | -11.35% | -13.11% | -12.97% |
| MaxLinear, Inc. (MXL)vs › | $9.61B | -10.06% | -22.39% | -7.77% | -5.74% |
| Elastic N.V. (ESTC)vs › | $9.77B | -1.37% | -2.59% | -9.00% | -12.88% |
| Paycom Software, Inc. (PAYC)vs › | $9.96B | 23.60% | 21.75% | 20.25% | 18.82% |
| Qorvo, Inc. (QRVO)vs › | $10.07B | 7.78% | 4.21% | 2.94% | 6.67% |
| Jack Henry & Associates, Inc. (JKHY)vs › | $10.13B | 18.77% | 17.83% | 16.55% | 16.46% |
| InterDigital, Inc. (IDCC)vs › | $8.65B | 16.87% | 23.00% | 16.70% | 12.52% |
| Dropbox, Inc. (DBX)vs › | $8.63B | 31.70% | 24.91% | 21.01% | 12.84% |
ROIC
11.3%
ROE
24.1%
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 | 11.28% |
| 2026-03-31 | 11.71% |
| 2025-12-31 | 11.07% |
| 2025-09-30 | 10.47% |
| 2025-06-30 | 10.38% |
| 2025-03-31 | 10.66% |
| 2024-12-31 | 9.35% |
| 2024-09-30 | 10.65% |
| 2024-06-30 | 11.47% |
| 2024-03-31 | 10.16% |
| 2023-12-31 | 8.97% |
| 2023-09-30 | 7.88% |
| 2023-06-30 | 7.41% |
| 2023-03-31 | 7.54% |
| 2022-12-31 | 7.32% |
| 2022-09-30 | 8.21% |
| 2022-06-30 | 4.58% |
| 2022-03-31 | 3.90% |
| 2021-12-31 | 4.76% |
| 2021-09-30 | 5.01% |
| 2021-06-30 | 7.12% |
| 2021-03-31 | 11.42% |
| 2020-12-31 | 17.42% |
| 2020-09-30 | 15.86% |
| 2020-06-30 | 21.23% |
| 2019-12-31 | 19.51% |
| 2019-09-30 | 22.59% |
