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 -22.38% is 25% below its 5-year average of -17.90%, near the low end of its 5-year range (-22.38%–-13.71%).
As of the fiscal period ended Tuesday, June 30, 2026. 9.98% below its 12-month average of -20.35%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): -22.38%.
RETURN ON INVESTED CAPITAL (ROIC)
-22.38%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
-20.35%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
-19.82%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
-17.90%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
-17.70%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
-19.25%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
-20.06%
CURRENT VS TTM AVG
-9.98%
CURRENT VS 3Y AVG
-12.94%
CURRENT VS 5Y AVG
-25.05%
CURRENT VS 10Y AVG
-26.43%
CURRENT VS 15Y AVG
-16.26%
CURRENT VS 20Y AVG
-11.58%
SECTOR MEDIAN · UTILITIES
3.98%
median of 63 covered companies
CURRENT VS SECTOR MEDIAN
-662.37%
vs the sector median at left
Cadiz Inc.
Market Cap
$249.34M
Return on Invested Capital (ROIC)
-22.38%
TTM Avg
-20.35%
3Y Avg
-19.82%
5Y Avg
-17.90%
Market Cap
$263.87M
Return on Invested Capital (ROIC)
6.43%
TTM Avg
5.20%
3Y Avg
4.52%
5Y Avg
3.88%
Market Cap
$232.79M
Return on Invested Capital (ROIC)
1.29%
TTM Avg
1.46%
3Y Avg
1.91%
5Y Avg
1.85%
Market Cap
$228.54M
Return on Invested Capital (ROIC)
4.52%
TTM Avg
4.42%
3Y Avg
4.77%
5Y Avg
4.42%
Market Cap
$290.10M
Return on Invested Capital (ROIC)
-22.38%
TTM Avg
-19.69%
3Y Avg
-18.92%
5Y Avg
-18.02%
Market Cap
$337.08M
Return on Invested Capital (ROIC)
-16.18%
TTM Avg
-126.69%
3Y Avg
-162.59%
5Y Avg
-162.59%
Market Cap
$347.68M
Return on Invested Capital (ROIC)
3.25%
TTM Avg
2.84%
3Y Avg
2.61%
5Y Avg
2.68%
Market Cap
$360.90M
Return on Invested Capital (ROIC)
-0.01%
TTM Avg
-30.12%
3Y Avg
-42.72%
5Y Avg
-33.78%
Market Cap
$409.42M
Return on Invested Capital (ROIC)
-46.54%
TTM Avg
-111.72%
3Y Avg
-768.49%
5Y Avg
-768.49%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Cadiz Inc. (CDZIP) | $249.34M | -22.38% | -20.35% | -19.82% | -17.90% |
| Pure Cycle Corporation (PCYO)vs › | $263.87M | 6.43% | 5.20% | 4.52% | 3.88% |
| Global Water Resources, Inc. (GWRS)vs › | $232.79M | 1.29% | 1.46% | 1.91% | 1.85% |
| RGC Resources, Inc. (RGCO)vs › | $228.54M | 4.52% | 4.42% | 4.77% | 4.42% |
| Cadiz Inc. (CDZI)vs › | $290.10M | -22.38% | -19.69% | -18.92% | -18.02% |
| Terrestrial Energy Inc. (IMSR)vs › | $337.08M | -16.18% | -126.69% | -162.59% | -162.59% |
| Artesian Resources Corporation (ARTNA)vs › | $347.68M | 3.25% | 2.84% | 2.61% | 2.68% |
| Digi Power X Inc. (DGXX)vs › | $360.90M | -0.01% | -30.12% | -42.72% | -33.78% |
| Terra Innovatum Global N.V. Ordinary shares (NKLR)vs › | $409.42M | -46.54% | -111.72% | -768.49% | -768.49% |
| ONE Nuclear Energy Inc. (ONEN)vs › | $38.40M | N/A | N/A | N/A | N/A |
ROIC
-22.4%
ROE
-789.4%
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 | -22.38% |
| 2026-03-31 | -18.65% |
| 2025-12-31 | -20.03% |
| 2025-09-30 | -20.91% |
| 2025-06-30 | -19.78% |
| 2025-03-31 | -19.65% |
| 2024-12-31 | -19.34% |
| 2024-09-30 | -21.25% |
| 2024-06-30 | -21.13% |
| 2024-03-31 | -18.53% |
| 2023-12-31 | -20.59% |
| 2023-09-30 | -18.80% |
| 2023-06-30 | -16.60% |
| 2023-03-31 | -13.85% |
| 2022-12-31 | -15.73% |
| 2022-09-30 | -15.21% |
| 2022-06-30 | -13.71% |
| 2022-03-31 | -15.63% |
| 2021-12-31 | -15.91% |
| 2021-09-30 | -13.82% |
| 2021-06-30 | -14.39% |
| 2021-03-31 | -12.61% |
| 2020-12-31 | -16.49% |
| 2020-09-30 | -17.63% |
| 2020-06-30 | -19.26% |
| 2020-03-31 | -18.77% |
| 2019-12-31 | -16.66% |
| 2019-09-30 | -18.42% |
| 2019-06-30 | -17.00% |
| 2019-03-31 | -16.39% |
| 2018-12-31 | -17.20% |
| 2018-09-30 | -16.23% |
| 2018-06-30 | -15.60% |
| 2018-03-31 | -18.61% |
| 2017-12-31 | -20.58% |
| 2017-09-30 | -17.89% |
| 2017-06-30 | -15.92% |
| 2017-03-31 | -18.17% |
| 2016-12-31 | -14.69% |
| 2016-09-30 | -19.80% |
| 2016-06-30 | -22.04% |
| 2016-03-31 | -26.43% |
| 2015-12-31 | -26.21% |
| 2015-09-30 | -22.74% |
| 2015-06-30 | -19.32% |
| 2015-03-31 | -16.27% |
| 2014-12-31 | -15.62% |
| 2014-09-30 | -21.15% |
| 2014-06-30 | -21.72% |
| 2014-03-31 | -21.51% |
| 2013-12-31 | -22.68% |
| 2013-09-30 | -25.19% |
| 2013-06-30 | -23.78% |
| 2013-03-31 | -22.84% |
| 2012-12-31 | -27.13% |
| 2012-09-30 | -26.40% |
| 2012-06-30 | -23.91% |
| 2012-03-31 | -20.98% |
| 2011-12-31 | -20.22% |
| 2011-09-30 | -22.54% |
| 2011-06-30 | -21.96% |
| 2011-03-31 | -21.90% |
| 2010-12-31 | -23.48% |
| 2010-09-30 | -24.64% |
| 2010-06-30 | -23.92% |
| 2010-03-31 | -25.57% |
| 2009-12-31 | -20.58% |
| 2009-09-30 | -24.76% |
| 2009-06-30 | -24.57% |
| 2009-03-31 | -21.97% |
| 2008-12-31 | -25.01% |
| 2008-09-30 | -29.91% |
| 2008-06-30 | -31.20% |
| 2008-03-31 | -27.28% |
| 2007-12-31 | -21.46% |
| 2007-09-30 | -17.19% |
| 2007-06-30 | -14.06% |
| 2007-03-31 | -14.49% |
| 2006-12-31 | -16.10% |
| 2006-09-30 | -19.88% |
| 2006-06-30 | -22.43% |
| 2006-03-31 | -50.01% |
| 2005-12-31 | -46.27% |
| 2005-09-30 | -38.61% |
| 2005-06-30 | -32.22% |
| 2005-03-31 | -7.76% |
| 2004-12-31 | -6.93% |
| 2004-09-30 | -8.22% |
| 2004-06-30 | -10.15% |
| 2004-03-31 | -10.27% |
| 2003-12-31 | -14.07% |
| 2003-09-30 | -22.00% |
| 2003-06-30 | -5.08% |
