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 5.11% is 74% above its 5-year average of 2.94%, near the high end of its 5-year range (0.65%–5.83%).
As of the fiscal period ended Tuesday, June 30, 2026. 29.04% above its 12-month average of 3.96%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q4 FY2026 (2026-06-30): 5.11%.
RETURN ON INVESTED CAPITAL (ROIC)
5.11%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
3.96%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
2.28%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
2.94%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
4.12%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
4.09%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
5.82%
CURRENT VS TTM AVG
+29.04%
CURRENT VS 3Y AVG
+124.41%
CURRENT VS 5Y AVG
+73.78%
CURRENT VS 10Y AVG
+23.92%
CURRENT VS 15Y AVG
+24.87%
CURRENT VS 20Y AVG
-12.20%
SECTOR MEDIAN · TECHNOLOGY
8.17%
median of 193 covered companies
CURRENT VS SECTOR MEDIAN
-37.44%
vs the sector median at left
Coherent, Inc.
Market Cap
$57.88B
Return on Invested Capital (ROIC)
5.11%
TTM Avg
3.96%
3Y Avg
2.28%
5Y Avg
2.94%
Market Cap
$56.96B
Return on Invested Capital (ROIC)
-2.24%
TTM Avg
-9.09%
3Y Avg
-6.87%
5Y Avg
-4.75%
Market Cap
$56.72B
Return on Invested Capital (ROIC)
18.76%
TTM Avg
16.46%
3Y Avg
15.58%
5Y Avg
15.92%
Market Cap
$60.04B
Return on Invested Capital (ROIC)
12.71%
TTM Avg
11.97%
3Y Avg
13.63%
5Y Avg
11.52%
Market Cap
$60.64B
Return on Invested Capital (ROIC)
8.07%
TTM Avg
8.05%
3Y Avg
11.99%
5Y Avg
11.16%
Market Cap
$61.89B
Return on Invested Capital (ROIC)
12.04%
TTM Avg
7.80%
3Y Avg
11.92%
5Y Avg
12.12%
Market Cap
$62.28B
Return on Invested Capital (ROIC)
30.79%
TTM Avg
17.85%
3Y Avg
18.95%
5Y Avg
22.86%
Market Cap
$62.50B
Return on Invested Capital (ROIC)
15.47%
TTM Avg
0.21%
3Y Avg
-13.24%
5Y Avg
-13.24%
Market Cap
$52.47B
Return on Invested Capital (ROIC)
-0.07%
TTM Avg
-3.67%
3Y Avg
-17.72%
5Y Avg
-16.03%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Coherent, Inc. (COHR) | $57.88B | 5.11% | 3.96% | 2.28% | 2.94% |
| Nebius Group N.V. (NBIS)vs › | $56.96B | -2.24% | -9.09% | -6.87% | -4.75% |
| Garmin Ltd. (GRMN)vs › | $56.72B | 18.76% | 16.46% | 15.58% | 15.92% |
| NXP Semiconductors N.V. (NXPI)vs › | $60.04B | 12.71% | 11.97% | 13.63% | 11.52% |
| United Microelectronics Corporation (UMC)vs › | $60.64B | 8.07% | 8.05% | 11.99% | 11.16% |
| Keysight Technologies, Inc. (KEYS)vs › | $61.89B | 12.04% | 7.80% | 11.92% | 12.12% |
| Teradyne, Inc. (TER)vs › | $62.28B | 30.79% | 17.85% | 18.95% | 22.86% |
| Astera Labs, Inc. Common Stock (ALAB)vs › | $62.50B | 15.47% | 0.21% | -13.24% | -13.24% |
| Strategy Inc (MSTR)vs › | $52.47B | -0.07% | -3.67% | -17.72% | -16.03% |
| TE Connectivity plc (TEL)vs › | $63.40B | 13.59% | 11.73% | 12.72% | 13.02% |
ROIC
5.1%
ROE
7.4%
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 | 5.11% |
| 2026-03-31 | 4.46% |
| 2025-12-31 | 4.20% |
| 2025-09-30 | 3.77% |
| 2025-06-30 | 2.27% |
| 2025-03-31 | 1.98% |
| 2024-12-31 | 1.51% |
| 2024-09-30 | 1.80% |
| 2024-06-30 | 0.93% |
| 2024-03-31 | 0.65% |
| 2023-12-31 | 0.89% |
| 2023-09-30 | 0.78% |
| 2023-06-30 | 1.25% |
| 2023-03-31 | 1.78% |
| 2022-12-31 | 2.08% |
| 2022-09-30 | 2.45% |
| 2022-07-01 | 4.94% |
| 2022-03-31 | 4.74% |
| 2021-12-31 | 4.63% |
| 2021-09-30 | 5.70% |
| 2021-06-30 | 5.83% |
| 2021-03-31 | 4.76% |
| 2020-12-31 | 4.71% |
| 2020-09-30 | 2.04% |
| 2020-06-30 | 2.30% |
| 2020-03-31 | 3.18% |
| 2019-12-31 | 2.18% |
| 2019-09-30 | 2.42% |
| 2019-06-30 | 7.27% |
| 2019-03-31 | 7.13% |
| 2018-12-31 | 7.77% |
| 2018-09-30 | 6.27% |
| 2018-06-30 | 6.37% |
| 2018-03-31 | 6.53% |
| 2017-12-31 | 5.95% |
| 2017-09-30 | 7.01% |
| 2017-06-30 | 7.06% |
| 2017-03-31 | 6.16% |
| 2016-12-31 | 5.90% |
| 2016-09-30 | 6.04% |
| 2016-06-30 | 6.30% |
| 2016-03-31 | 6.37% |
| 2015-12-31 | 7.47% |
| 2015-09-30 | 7.12% |
| 2015-06-30 | 6.82% |
| 2015-03-31 | 6.40% |
| 2014-12-31 | 5.44% |
| 2014-09-30 | 4.60% |
| 2014-06-30 | 4.08% |
| 2014-03-31 | 2.45% |
| 2013-12-31 | 1.87% |
| 2013-09-30 | 1.55% |
| 2013-06-30 | 1.19% |
| 2013-03-31 | 0.88% |
| 2012-12-31 | 0.29% |
| 2012-09-30 | -0.36% |
| 2012-06-30 | -0.42% |
| 2012-03-31 | 2.31% |
| 2011-12-31 | 6.72% |
| 2011-09-30 | 11.69% |
| 2011-06-30 | 16.49% |
| 2011-03-31 | 16.35% |
| 2010-12-31 | 14.14% |
| 2010-09-30 | 11.55% |
| 2010-06-30 | 8.94% |
| 2010-03-31 | 6.76% |
| 2009-12-31 | 6.62% |
| 2009-09-30 | 8.04% |
| 2009-06-30 | 11.61% |
| 2009-03-31 | 14.41% |
| 2008-12-31 | 16.26% |
| 2008-09-30 | 14.50% |
| 2008-06-30 | 12.53% |
| 2008-03-31 | 12.55% |
| 2007-12-31 | 12.63% |
| 2007-09-30 | 14.50% |
| 2007-06-30 | 15.42% |
| 2007-03-31 | 12.61% |
| 2006-12-31 | 11.53% |
| 2006-09-30 | 10.20% |
| 2006-06-30 | 9.97% |
| 2006-03-31 | 12.80% |
| 2005-12-31 | 13.76% |
| 2005-09-30 | 15.00% |
| 2005-06-30 | 16.21% |
| 2005-03-31 | 16.23% |
| 2004-12-31 | 16.06% |
| 2004-09-30 | 18.50% |
| 2004-06-30 | 18.18% |
| 2004-03-31 | 15.26% |
| 2003-12-31 | 12.50% |
| 2003-09-30 | 10.89% |
| 2003-06-30 | 8.76% |
