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 -12.90% is 481% below its 5-year average of 3.38%, near the low end of its 5-year range (-17.70%–5.50%).
As of the fiscal period ended Tuesday, June 30, 2026. 17.26% below its 12-month average of -11.00%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): -12.90%.
RETURN ON INVESTED CAPITAL (ROIC)
-12.90%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
-11.00%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
-1.49%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
3.38%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
4.46%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
5.12%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
5.57%
CURRENT VS TTM AVG
-17.26%
CURRENT VS 3Y AVG
-765.47%
CURRENT VS 5Y AVG
-481.06%
CURRENT VS 10Y AVG
-388.93%
CURRENT VS 15Y AVG
-351.69%
CURRENT VS 20Y AVG
-331.54%
SECTOR MEDIAN · HEALTHCARE
8.75%
median of 90 covered companies
CURRENT VS SECTOR MEDIAN
-247.46%
vs the sector median at left
Centene Corp.
Market Cap
$31.66B
Return on Invested Capital (ROIC)
-12.90%
TTM Avg
-11.00%
3Y Avg
-1.49%
5Y Avg
3.38%
Market Cap
$31.65B
Return on Invested Capital (ROIC)
21.71%
TTM Avg
13.47%
3Y Avg
11.13%
5Y Avg
9.67%
Market Cap
$31.91B
Return on Invested Capital (ROIC)
19.18%
TTM Avg
19.41%
3Y Avg
18.01%
5Y Avg
17.23%
Market Cap
$31.14B
Return on Invested Capital (ROIC)
4.28%
TTM Avg
7.71%
3Y Avg
8.64%
5Y Avg
10.90%
Market Cap
$30.74B
Return on Invested Capital (ROIC)
21.63%
TTM Avg
21.87%
3Y Avg
20.30%
5Y Avg
19.27%
Market Cap
$30.28B
Return on Invested Capital (ROIC)
1.34%
TTM Avg
18.13%
3Y Avg
20.89%
5Y Avg
23.01%
Market Cap
$33.37B
Return on Invested Capital (ROIC)
3.25%
TTM Avg
4.01%
3Y Avg
3.42%
5Y Avg
2.30%
Market Cap
$29.44B
Return on Invested Capital (ROIC)
6.94%
TTM Avg
7.96%
3Y Avg
8.07%
5Y Avg
9.18%
Market Cap
$34.52B
Return on Invested Capital (ROIC)
24.71%
TTM Avg
4.06%
3Y Avg
-7.50%
5Y Avg
-13.90%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Centene Corp. (CNC) | $31.66B | -12.90% | -11.00% | -1.49% | 3.38% |
| DexCom, Inc. (DXCM)vs › | $31.65B | 21.71% | 13.47% | 11.13% | 9.67% |
| ResMed Inc. (RMD)vs › | $31.91B | 19.18% | 19.41% | 18.01% | 17.23% |
| Biogen Inc. (BIIB)vs › | $31.14B | 4.28% | 7.71% | 8.64% | 10.90% |
| Zoetis Inc. (ZTS)vs › | $30.74B | 21.63% | 21.87% | 20.30% | 19.27% |
| Waters Corporation (WAT)vs › | $30.28B | 1.34% | 18.13% | 20.89% | 23.01% |
| Alcon Inc. (ALC)vs › | $33.37B | 3.25% | 4.01% | 3.42% | 2.30% |
| GE HealthCare Technologies Inc. (GEHC)vs › | $29.44B | 6.94% | 7.96% | 8.07% | 9.18% |
| Alnylam Pharmaceuticals, Inc. (ALNY)vs › | $34.52B | 24.71% | 4.06% | -7.50% | -13.90% |
| Medline Inc. (MDLN)vs › | $28.79B | 4.05% | 6.03% | 5.27% | 5.27% |
ROIC
-12.9%
ROE
-22.6%
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 | -12.90% |
| 2026-03-31 | -17.70% |
| 2025-12-31 | -13.51% |
| 2025-09-30 | -13.74% |
| 2025-06-30 | 2.86% |
| 2025-03-31 | 5.50% |
| 2024-12-31 | 5.09% |
| 2024-09-30 | 4.50% |
| 2024-06-30 | 4.24% |
| 2024-03-31 | 4.18% |
| 2023-12-31 | 4.57% |
| 2023-09-30 | 4.03% |
| 2023-06-30 | 3.51% |
| 2023-03-31 | 1.71% |
| 2022-12-31 | 1.67% |
| 2022-09-30 | 3.39% |
| 2022-06-30 | 3.47% |
| 2022-03-31 | 2.74% |
| 2021-12-31 | 2.49% |
| 2021-09-30 | 1.57% |
| 2021-06-30 | 2.03% |
| 2021-03-31 | 5.60% |
| 2020-12-31 | 4.22% |
| 2020-09-30 | 4.65% |
| 2020-06-30 | 3.52% |
| 2020-03-31 | 1.95% |
| 2019-12-31 | 4.65% |
| 2019-09-30 | 6.45% |
| 2019-06-30 | 5.91% |
| 2019-03-31 | 5.47% |
| 2018-12-31 | 5.02% |
| 2018-09-30 | 5.05% |
| 2018-06-30 | 5.88% |
| 2018-03-31 | 7.45% |
| 2017-12-31 | 6.82% |
| 2017-09-30 | 7.29% |
| 2017-06-30 | 6.58% |
| 2017-03-31 | 6.69% |
| 2016-12-31 | 5.99% |
| 2016-09-30 | 4.60% |
| 2016-06-30 | 3.82% |
| 2016-03-31 | 3.04% |
| 2015-12-31 | 10.44% |
| 2015-09-30 | 9.91% |
| 2015-06-30 | 9.45% |
| 2015-03-31 | 8.81% |
| 2014-12-31 | 8.99% |
| 2014-09-30 | 7.57% |
| 2014-06-30 | 7.17% |
| 2014-03-31 | 7.35% |
| 2013-12-31 | 8.55% |
| 2013-09-30 | 6.99% |
| 2013-06-30 | 3.51% |
| 2013-03-31 | -1.37% |
| 2012-12-31 | -1.75% |
| 2012-09-30 | 0.28% |
| 2012-06-30 | 3.23% |
| 2012-03-31 | 8.32% |
| 2011-12-31 | 8.70% |
| 2011-09-30 | 8.84% |
| 2011-06-30 | 8.87% |
| 2011-03-31 | 8.55% |
| 2010-12-31 | 8.13% |
| 2010-09-30 | 8.13% |
| 2010-06-30 | 5.94% |
| 2010-03-31 | 5.86% |
| 2009-12-31 | 9.02% |
| 2009-09-30 | 9.29% |
| 2009-06-30 | 6.07% |
| 2009-03-31 | 6.11% |
| 2008-12-31 | 9.88% |
| 2008-09-30 | 6.72% |
| 2008-06-30 | 6.71% |
| 2008-03-31 | 5.82% |
| 2007-12-31 | 4.41% |
| 2007-09-30 | 7.34% |
| 2007-06-30 | -2.99% |
| 2007-03-31 | -4.42% |
| 2006-12-31 | -5.69% |
| 2006-09-30 | -5.67% |
| 2006-06-30 | 6.53% |
| 2006-03-31 | 9.05% |
| 2005-12-31 | 11.32% |
| 2005-09-30 | 11.48% |
| 2005-06-30 | 12.86% |
| 2005-03-31 | 13.23% |
| 2004-12-31 | 12.47% |
| 2004-09-30 | 14.24% |
| 2004-06-30 | 14.07% |
| 2004-03-31 | 13.11% |
| 2003-12-31 | 12.49% |
| 2003-09-30 | 12.00% |
| 2003-06-30 | 19.28% |
