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 11.56% is 79% above its 5-year average of 6.47%, near the high end of its 5-year range (3.03%–12.50%).
As of the fiscal period ended Saturday, August 1, 2026. 43.05% above its 12-month average of 8.08%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q3 FY2026 (2026-08-01): 11.56%.
RETURN ON INVESTED CAPITAL (ROIC)
11.56%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
8.08%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
4.77%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
6.47%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
7.60%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
5.33%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
4.32%
CURRENT VS TTM AVG
+43.05%
CURRENT VS 3Y AVG
+142.36%
CURRENT VS 5Y AVG
+78.64%
CURRENT VS 10Y AVG
+52.06%
CURRENT VS 15Y AVG
+116.96%
CURRENT VS 20Y AVG
+167.28%
SECTOR MEDIAN · TECHNOLOGY
8.17%
median of 193 covered companies
CURRENT VS SECTOR MEDIAN
+41.45%
vs the sector median at left
Ciena Corporation
Market Cap
$50.94B
Return on Invested Capital (ROIC)
11.56%
TTM Avg
8.08%
3Y Avg
4.77%
5Y Avg
6.47%
Market Cap
$50.94B
Return on Invested Capital (ROIC)
0.22%
TTM Avg
-2.17%
3Y Avg
-6.29%
5Y Avg
-2.37%
Market Cap
$50.20B
Return on Invested Capital (ROIC)
11.40%
TTM Avg
4.37%
3Y Avg
1.96%
5Y Avg
0.29%
Market Cap
$49.51B
Return on Invested Capital (ROIC)
-0.36%
TTM Avg
1.00%
3Y Avg
0.55%
5Y Avg
0.55%
Market Cap
$53.60B
Return on Invested Capital (ROIC)
-0.07%
TTM Avg
-3.67%
3Y Avg
-17.72%
5Y Avg
-16.03%
Market Cap
$46.10B
Return on Invested Capital (ROIC)
1.88%
TTM Avg
3.59%
3Y Avg
12.69%
5Y Avg
12.76%
Market Cap
$45.99B
Return on Invested Capital (ROIC)
3.06%
TTM Avg
0.38%
3Y Avg
-2.90%
5Y Avg
-4.08%
Market Cap
$56.03B
Return on Invested Capital (ROIC)
18.76%
TTM Avg
16.46%
3Y Avg
15.58%
5Y Avg
15.92%
Market Cap
$45.41B
Return on Invested Capital (ROIC)
4.78%
TTM Avg
6.63%
3Y Avg
3.67%
5Y Avg
2.70%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Ciena Corporation (CIEN) | $50.94B | 11.56% | 8.08% | 4.77% | 6.47% |
| Atlassian Corporation (TEAM)vs › | $50.94B | 0.22% | -2.17% | -6.29% | -2.37% |
| Workday, Inc. (WDAY)vs › | $50.20B | 11.40% | 4.37% | 1.96% | 0.29% |
| CoreWeave, Inc. Class A Common Stock (CRWV)vs › | $49.51B | -0.36% | 1.00% | 0.55% | 0.55% |
| Strategy Inc (MSTR)vs › | $53.60B | -0.07% | -3.67% | -17.72% | -16.03% |
| STMicroelectronics N.V. (STM)vs › | $46.10B | 1.88% | 3.59% | 12.69% | 12.76% |
| Twilio Inc. (TWLO)vs › | $45.99B | 3.06% | 0.38% | -2.90% | -4.08% |
| Garmin Ltd. (GRMN)vs › | $56.03B | 18.76% | 16.46% | 15.58% | 15.92% |
| Block, Inc. (XYZ)vs › | $45.41B | 4.78% | 6.63% | 3.67% | 2.70% |
| Autodesk, Inc. (ADSK)vs › | $44.81B | 21.19% | 18.64% | 17.32% | 15.98% |
ROIC
11.6%
ROE
21.4%
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) |
|---|---|
| 2026-08-01 | 11.56% |
| 2026-05-02 | 11.97% |
| 2026-01-31 | 7.70% |
| 2025-11-01 | 5.37% |
| 2025-08-02 | 3.79% |
| 2025-05-03 | 3.03% |
| 2025-02-01 | 3.10% |
| 2024-11-02 | 3.20% |
| 2024-07-27 | 4.71% |
| 2024-04-27 | 4.94% |
| 2024-01-27 | 5.82% |
| 2023-10-31 | 6.01% |
| 2023-07-29 | 5.00% |
| 2023-04-29 | 4.64% |
| 2023-01-28 | 4.26% |
| 2022-10-31 | 4.63% |
| 2022-07-30 | 5.72% |
| 2022-04-30 | 9.86% |
| 2022-01-29 | 11.56% |
| 2021-10-31 | 12.50% |
| 2021-07-31 | 11.77% |
| 2021-05-01 | 10.84% |
| 2021-01-30 | 10.85% |
| 2020-10-31 | 11.26% |
| 2020-08-01 | 12.11% |
| 2020-05-02 | 11.11% |
| 2020-01-31 | 9.99% |
| 2019-10-31 | 9.19% |
| 2019-07-31 | 9.75% |
| 2019-04-30 | 8.97% |
| 2019-01-31 | 7.75% |
| 2018-10-31 | 4.52% |
| 2018-07-31 | 6.53% |
| 2018-04-30 | 6.50% |
| 2018-01-31 | 7.35% |
| 2017-10-31 | 6.57% |
| 2017-07-31 | 9.28% |
| 2017-04-30 | 7.96% |
| 2017-01-31 | 6.46% |
| 2016-10-31 | 5.87% |
| 2016-07-31 | 2.86% |
| 2016-04-30 | 2.18% |
| 2016-01-31 | 3.19% |
| 2015-10-31 | 2.72% |
| 2015-08-01 | 3.12% |
| 2015-05-02 | 5.38% |
| 2015-01-31 | 3.17% |
| 2014-10-31 | 3.08% |
| 2014-07-31 | 3.18% |
| 2014-04-30 | 2.09% |
| 2014-01-31 | 0.61% |
| 2013-10-31 | -0.15% |
| 2013-07-31 | -1.96% |
| 2013-04-30 | -4.55% |
| 2013-01-31 | -3.86% |
| 2012-10-31 | -5.65% |
| 2012-07-31 | -5.18% |
| 2012-04-30 | -5.29% |
| 2012-01-31 | -8.24% |
| 2011-10-31 | -10.89% |
| 2011-07-31 | -15.06% |
| 2011-04-30 | -20.19% |
| 2011-01-31 | -21.85% |
| 2010-10-31 | -19.53% |
| 2010-07-31 | -18.38% |
| 2010-04-30 | -12.23% |
| 2010-01-31 | -47.72% |
| 2009-10-31 | -44.37% |
| 2009-07-31 | -44.05% |
| 2009-04-30 | -40.79% |
| 2009-01-31 | -1.27% |
| 2008-10-31 | 1.11% |
| 2008-07-31 | 4.00% |
| 2008-04-30 | 4.17% |
| 2008-01-31 | 3.58% |
| 2007-10-31 | 2.11% |
| 2007-07-31 | 1.11% |
| 2007-04-30 | -0.19% |
| 2007-01-31 | -0.73% |
| 2006-10-31 | -1.03% |
| 2006-07-31 | -17.41% |
| 2006-04-30 | -20.10% |
| 2006-01-31 | -28.47% |
| 2005-10-31 | -28.84% |
| 2005-07-31 | -38.08% |
| 2005-04-30 | -40.73% |
| 2005-01-31 | -39.71% |
| 2004-10-31 | -39.03% |
| 2004-07-31 | -16.13% |
| 2004-04-30 | -17.20% |
| 2004-01-31 | -16.72% |
| 2003-10-31 | -16.72% |
| 2003-07-31 | -43.75% |
