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 8.78% is 81% above its 5-year average of 4.84%, near the high end of its 5-year range (0.10%–9.28%).
As of the fiscal period ended Friday, July 31, 2026. 1.87% below its 12-month average of 8.95%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
8.78%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
8.95%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
8.15%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
4.84%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
3.14%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
0.36%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
1.89%
CURRENT VS TTM AVG
-1.87%
CURRENT VS 3Y AVG
+7.82%
CURRENT VS 5Y AVG
+81.40%
CURRENT VS 10Y AVG
+179.77%
CURRENT VS 15Y AVG
+2307.16%
CURRENT VS 20Y AVG
+364.13%
SECTOR MEDIAN · TECHNOLOGY
8.17%
median of 193 covered companies
CURRENT VS SECTOR MEDIAN
+7.50%
vs the sector median at left
Salesforce, Inc.
Market Cap
$204.03B
Return on Invested Capital (ROIC)
8.78%
TTM Avg
8.95%
3Y Avg
8.15%
5Y Avg
4.84%
Market Cap
$202.79B
Return on Invested Capital (ROIC)
51.40%
TTM Avg
51.40%
3Y Avg
30.73%
5Y Avg
23.51%
Market Cap
$201.62B
Return on Invested Capital (ROIC)
15.10%
TTM Avg
15.01%
3Y Avg
15.20%
5Y Avg
14.59%
Market Cap
$197.41B
Return on Invested Capital (ROIC)
5.44%
TTM Avg
1.03%
3Y Avg
-0.05%
5Y Avg
-0.75%
Market Cap
$213.85B
Return on Invested Capital (ROIC)
-1.57%
TTM Avg
-2.75%
3Y Avg
-3.01%
5Y Avg
-3.90%
Market Cap
$218.66B
Return on Invested Capital (ROIC)
10.12%
TTM Avg
9.80%
3Y Avg
8.91%
5Y Avg
7.63%
Market Cap
$182.79B
Return on Invested Capital (ROIC)
17.42%
TTM Avg
18.97%
3Y Avg
22.79%
5Y Avg
23.23%
Market Cap
$176.91B
Return on Invested Capital (ROIC)
9.62%
TTM Avg
4.73%
3Y Avg
5.67%
5Y Avg
5.29%
Market Cap
$174.02B
Return on Invested Capital (ROIC)
11.67%
TTM Avg
8.12%
3Y Avg
-0.45%
5Y Avg
0.23%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Salesforce, Inc. (CRM) | $204.03B | 8.78% | 8.95% | 8.15% | 4.84% |
| Seagate Technology Holdings plc (STX)vs › | $202.79B | 51.40% | 51.40% | 30.73% | 23.51% |
| Amphenol Corporation (APH)vs › | $201.62B | 15.10% | 15.01% | 15.20% | 14.59% |
| Marvell Technology, Inc. (MRVL)vs › | $197.41B | 5.44% | 1.03% | -0.05% | -0.75% |
| CrowdStrike Holdings, Inc. (CRWD)vs › | $213.85B | -1.57% | -2.75% | -3.01% | -3.90% |
| International Business Machines Corporation (IBM)vs › | $218.66B | 10.12% | 9.80% | 8.91% | 7.63% |
| QUALCOMM Incorporated (QCOM)vs › | $182.79B | 17.42% | 18.97% | 22.79% | 23.23% |
| Analog Devices, Inc. (ADI)vs › | $176.91B | 9.62% | 4.73% | 5.67% | 5.29% |
| Shopify Inc. (SHOP)vs › | $174.02B | 11.67% | 8.12% | -0.45% | 0.23% |
| Texas Instruments Incorporated (TXN)vs › | $236.46B | 18.81% | 15.57% | 22.12% | 25.71% |
ROIC
8.8%
ROE
25.2%
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) |
|---|---|
| 2026-07-31 | 8.78% |
| 2026-04-30 | 9.28% |
| 2026-01-31 | 8.82% |
| 2025-10-31 | 9.14% |
| 2025-07-31 | 8.74% |
| 2025-04-30 | 8.22% |
| 2025-01-31 | 8.01% |
| 2024-10-31 | 8.14% |
| 2024-07-31 | 7.66% |
| 2024-04-30 | 7.18% |
| 2024-01-31 | 5.64% |
| 2023-10-31 | 4.01% |
| 2023-07-31 | 2.53% |
| 2023-04-30 | 1.08% |
| 2023-01-31 | 0.76% |
| 2022-10-31 | 0.43% |
| 2022-07-31 | 0.10% |
| 2022-04-30 | 0.29% |
| 2022-01-31 | 0.70% |
| 2021-10-31 | 1.02% |
| 2021-07-31 | 1.15% |
| 2021-04-30 | 1.91% |
| 2021-01-31 | 0.94% |
| 2020-10-31 | 0.48% |
| 2020-07-31 | 0.15% |
| 2020-04-30 | -0.07% |
| 2020-01-31 | 0.41% |
| 2019-10-31 | 0.92% |
| 2019-07-31 | 2.01% |
| 2019-04-30 | 2.44% |
| 2019-01-31 | 2.75% |
| 2018-10-31 | 2.45% |
| 2018-07-31 | 2.90% |
| 2018-04-30 | 2.79% |
| 2018-01-31 | 1.91% |
| 2017-10-31 | 1.12% |
| 2017-07-31 | 0.34% |
| 2017-04-30 | 0.15% |
| 2017-01-31 | 0.62% |
| 2016-10-31 | 1.15% |
| 2016-07-31 | 1.65% |
| 2016-04-30 | 0.97% |
| 2016-01-31 | 0.88% |
| 2015-10-31 | 0.47% |
| 2015-07-31 | -0.09% |
| 2015-04-30 | -0.92% |
| 2015-01-31 | -2.32% |
| 2014-10-31 | -3.41% |
| 2014-07-31 | -5.01% |
| 2014-04-30 | -5.31% |
| 2014-01-31 | -4.98% |
| 2013-10-31 | -3.65% |
| 2013-07-31 | -2.91% |
| 2013-04-30 | -3.08% |
| 2013-01-31 | -3.53% |
| 2012-10-31 | -3.40% |
| 2012-07-31 | -1.98% |
| 2012-04-30 | -2.20% |
| 2012-01-31 | -1.49% |
| 2011-10-31 | -1.34% |
| 2011-07-31 | 0.78% |
| 2011-04-30 | 2.21% |
| 2011-01-31 | 3.59% |
| 2010-10-31 | 4.26% |
| 2010-07-31 | 4.04% |
| 2010-04-30 | 4.40% |
| 2010-01-31 | 4.42% |
| 2009-10-31 | 6.79% |
| 2009-07-31 | 6.40% |
| 2009-04-30 | 5.70% |
| 2009-01-31 | 5.02% |
| 2008-10-31 | 4.86% |
| 2008-07-31 | 4.41% |
| 2008-04-30 | 3.64% |
| 2008-01-31 | 2.31% |
| 2007-10-31 | 0.99% |
| 2007-07-31 | 0.19% |
| 2007-04-30 | -0.58% |
| 2007-01-31 | -0.68% |
| 2006-10-31 | 0.78% |
| 2006-07-31 | 4.36% |
| 2006-04-30 | 7.17% |
| 2006-01-31 | 10.01% |
| 2005-10-31 | 9.71% |
| 2005-07-31 | 6.55% |
| 2005-04-30 | 5.58% |
| 2005-01-31 | 3.78% |
| 2004-10-31 | -39.84% |
| 2004-07-31 | -26.98% |
| 2004-04-30 | -87.88% |
| 2004-01-31 | -101.20% |
