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 7.69% is 13% above its 5-year average of 6.83%, near the high end of its 5-year range (4.83%–8.76%).
As of the fiscal period ended Tuesday, June 30, 2026. 3.63% above its 12-month average of 7.42%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
7.69%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
7.42%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
7.46%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
6.83%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
6.31%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
9.13%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
6.66%
CURRENT VS TTM AVG
+3.63%
CURRENT VS 3Y AVG
+3.06%
CURRENT VS 5Y AVG
+12.59%
CURRENT VS 10Y AVG
+21.76%
CURRENT VS 15Y AVG
-15.76%
CURRENT VS 20Y AVG
+15.49%
SECTOR MEDIAN · HEALTHCARE
8.75%
median of 90 covered companies
CURRENT VS SECTOR MEDIAN
-12.10%
vs the sector median at left
Cigna Corporation
Market Cap
$72.94B
Return on Invested Capital (ROIC)
7.69%
TTM Avg
7.42%
3Y Avg
7.46%
5Y Avg
6.83%
Market Cap
$67.12B
Return on Invested Capital (ROIC)
10.57%
TTM Avg
7.46%
3Y Avg
6.12%
5Y Avg
5.55%
Market Cap
$63.02B
Return on Invested Capital (ROIC)
12.75%
TTM Avg
15.09%
3Y Avg
14.58%
5Y Avg
14.67%
Market Cap
$83.12B
Return on Invested Capital (ROIC)
9.19%
TTM Avg
9.70%
3Y Avg
12.91%
5Y Avg
18.41%
Market Cap
$86.44B
Return on Invested Capital (ROIC)
6.34%
TTM Avg
6.70%
3Y Avg
7.11%
5Y Avg
7.33%
Market Cap
$55.92B
Return on Invested Capital (ROIC)
13.45%
TTM Avg
12.41%
3Y Avg
9.39%
5Y Avg
5.98%
Market Cap
$91.74B
Return on Invested Capital (ROIC)
19.41%
TTM Avg
17.66%
3Y Avg
17.17%
5Y Avg
17.02%
Market Cap
$54.03B
Return on Invested Capital (ROIC)
-39.16%
TTM Avg
-31.38%
3Y Avg
-12.74%
5Y Avg
0.29%
Market Cap
$49.60B
Return on Invested Capital (ROIC)
3.72%
TTM Avg
4.38%
3Y Avg
4.32%
5Y Avg
3.88%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Cigna Corporation (CI) | $72.94B | 7.69% | 7.42% | 7.46% | 6.83% |
| Boston Scientific Corporation (BSX)vs › | $67.12B | 10.57% | 7.46% | 6.12% | 5.55% |
| Cencora, Inc. (COR)vs › | $63.02B | 12.75% | 15.09% | 14.58% | 14.67% |
| Regeneron Pharmaceuticals, Inc. (REGN)vs › | $83.12B | 9.19% | 9.70% | 12.91% | 18.41% |
| Elevance Health Inc. (ELV)vs › | $86.44B | 6.34% | 6.70% | 7.11% | 7.33% |
| Cardinal Health, Inc. (CAH)vs › | $55.92B | 13.45% | 12.41% | 9.39% | 5.98% |
| HCA Healthcare, Inc. (HCA)vs › | $91.74B | 19.41% | 17.66% | 17.17% | 17.02% |
| Moderna, Inc. (MRNA)vs › | $54.03B | -39.16% | -31.38% | -12.74% | 0.29% |
| Becton, Dickinson and Company (BDX)vs › | $49.60B | 3.72% | 4.38% | 4.32% | 3.88% |
| Edwards Lifesciences Corporation (EW)vs › | $49.42B | 10.22% | 11.08% | 14.46% | 15.87% |
ROIC
7.7%
ROE
15.1%
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 | 7.69% |
| 2026-03-31 | 7.59% |
| 2025-12-31 | 7.36% |
| 2025-09-30 | 7.19% |
| 2025-06-30 | 7.26% |
| 2025-03-31 | 7.29% |
| 2024-12-31 | 6.69% |
| 2024-09-30 | 8.76% |
| 2024-06-30 | 8.55% |
| 2024-03-31 | 8.24% |
| 2023-12-31 | 7.79% |
| 2023-09-30 | 6.40% |
| 2023-06-30 | 6.20% |
| 2023-03-31 | 6.33% |
| 2022-12-31 | 6.46% |
| 2022-09-30 | 6.20% |
| 2022-06-30 | 6.13% |
| 2022-03-31 | 5.87% |
| 2021-12-31 | 5.57% |
| 2021-09-30 | 4.99% |
| 2021-06-30 | 4.83% |
| 2021-03-31 | 5.22% |
| 2020-12-31 | 5.19% |
| 2020-09-30 | 5.39% |
| 2020-06-30 | 5.41% |
| 2020-03-31 | 5.33% |
| 2019-12-31 | 5.20% |
| 2019-09-30 | 4.38% |
| 2019-06-30 | 3.75% |
| 2019-03-31 | 3.05% |
| 2018-12-31 | 2.48% |
| 2018-09-30 | 7.00% |
| 2018-06-30 | 12.58% |
| 2018-03-31 | 15.52% |
| 2017-12-31 | 17.95% |
| 2017-09-30 | 17.14% |
| 2017-06-30 | 16.15% |
| 2017-03-31 | 14.86% |
| 2016-12-31 | 15.22% |
| 2016-09-30 | 14.32% |
| 2016-06-30 | 14.68% |
| 2016-03-31 | 15.00% |
| 2015-12-31 | 15.02% |
| 2015-09-30 | 15.28% |
| 2015-06-30 | 15.24% |
| 2015-03-31 | 14.49% |
| 2014-12-31 | 14.96% |
| 2014-09-30 | 21.53% |
| 2014-06-30 | 28.18% |
| 2014-03-31 | 23.77% |
| 2013-12-31 | 22.39% |
| 2013-09-30 | 13.16% |
| 2013-06-30 | 3.03% |
| 2013-03-31 | 2.66% |
| 2012-12-31 | 2.31% |
| 2012-09-30 | 1.94% |
| 2012-06-30 | 2.29% |
| 2012-03-31 | 2.34% |
| 2011-12-31 | 2.50% |
| 2011-09-30 | 3.03% |
| 2011-06-30 | 3.35% |
| 2011-03-31 | 3.18% |
| 2010-12-31 | 2.95% |
| 2010-06-30 | 2.79% |
| 2010-03-31 | 3.15% |
| 2009-12-31 | 3.03% |
| 2009-09-30 | 1.79% |
| 2009-06-30 | 1.45% |
| 2009-03-31 | 1.07% |
| 2008-12-31 | 0.70% |
| 2008-09-30 | 1.87% |
| 2008-06-30 | 2.31% |
| 2008-03-31 | 2.19% |
| 2007-12-31 | 2.80% |
| 2007-09-30 | 2.74% |
| 2007-06-30 | 2.48% |
| 2007-03-31 | 2.56% |
| 2006-12-31 | 2.73% |
| 2006-09-30 | 2.70% |
| 2006-06-30 | 2.59% |
| 2006-03-31 | 2.71% |
| 2005-12-31 | 2.84% |
| 2005-09-30 | 3.47% |
| 2005-06-30 | 3.43% |
| 2005-03-31 | 3.48% |
| 2004-12-31 | 1.92% |
| 2004-09-30 | 1.48% |
| 2004-06-30 | 1.31% |
| 2004-03-31 | 0.70% |
| 2003-12-31 | 0.68% |
| 2003-09-30 | 0.42% |
| 2003-06-30 | -2.56% |
