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 3.76% is 28% above its 5-year average of 2.93%, around the middle of its 5-year range (-3.59%–15.63%).
As of the fiscal period ended Tuesday, June 30, 2026. 10.00% below its 12-month average of 4.18%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 3.76%.
RETURN ON INVESTED CAPITAL (ROIC)
3.76%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
4.18%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
6.82%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
2.93%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
6.25%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
1.36%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
1.31%
CURRENT VS TTM AVG
-10.00%
CURRENT VS 3Y AVG
-44.86%
CURRENT VS 5Y AVG
+28.46%
CURRENT VS 10Y AVG
-39.82%
CURRENT VS 15Y AVG
+176.22%
CURRENT VS 20Y AVG
+188.17%
SECTOR MEDIAN · TECHNOLOGY
2.53%
median of 511 covered companies
CURRENT VS SECTOR MEDIAN
+48.73%
vs the sector median at left
Ceragon Networks Ltd.
Market Cap
$195.34M
Return on Invested Capital (ROIC)
3.76%
TTM Avg
4.18%
3Y Avg
6.82%
5Y Avg
2.93%
Market Cap
$196.77M
Return on Invested Capital (ROIC)
-2.56%
TTM Avg
-20.32%
3Y Avg
-35.14%
5Y Avg
-43.47%
Market Cap
$201.81M
Return on Invested Capital (ROIC)
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$204.80M
Return on Invested Capital (ROIC)
-34.96%
TTM Avg
-17.98%
3Y Avg
-12.34%
5Y Avg
-19.12%
Market Cap
$205.83M
Return on Invested Capital (ROIC)
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$208.31M
Return on Invested Capital (ROIC)
-20.01%
TTM Avg
-26.00%
3Y Avg
-17.11%
5Y Avg
-11.11%
Market Cap
$177.71M
Return on Invested Capital (ROIC)
-61.92%
TTM Avg
-93.16%
3Y Avg
-90.54%
5Y Avg
-74.67%
Market Cap
$216.89M
Return on Invested Capital (ROIC)
-99.71%
TTM Avg
-59.76%
3Y Avg
-59.76%
5Y Avg
-59.76%
Market Cap
$218.34M
Return on Invested Capital (ROIC)
-20.95%
TTM Avg
-24.80%
3Y Avg
-33.64%
5Y Avg
-31.71%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Ceragon Networks Ltd. (CRNT) | $195.34M | 3.76% | 4.18% | 6.82% | 2.93% |
| Kaltura, Inc. (KLTR)vs › | $196.77M | -2.56% | -20.32% | -35.14% | -43.47% |
| QumulusAI, Inc. Common Stock (QMLS)vs › | $201.81M | N/A | N/A | N/A | N/A |
| QuickLogic Corporation (QUIK)vs › | $204.80M | -34.96% | -17.98% | -12.34% | -19.12% |
| GDEV Inc. (GDEV)vs › | $205.83M | N/A | N/A | N/A | N/A |
| One Stop Systems, Inc. (OSS)vs › | $208.31M | -20.01% | -26.00% | -17.11% | -11.11% |
| Atomera Incorporated (ATOM)vs › | $177.71M | -61.92% | -93.16% | -90.54% | -74.67% |
| Bitzero Holdings Inc. Common Shares (AIBZ)vs › | $216.89M | -99.71% | -59.76% | -59.76% | -59.76% |
| GSI Technology, Inc. (GSIT)vs › | $218.34M | -20.95% | -24.80% | -33.64% | -31.71% |
| Expensify, Inc. (EXFY)vs › | $221.81M | -7.85% | -6.75% | -11.98% | -8.39% |
ROIC
3.8%
ROE
-1.9%
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 | 3.76% |
| 2026-03-31 | 2.59% |
| 2025-12-31 | 1.71% |
| 2025-09-30 | 3.53% |
| 2025-06-30 | 9.31% |
| 2025-03-31 | 13.30% |
| 2024-12-31 | 15.63% |
| 2024-09-30 | 13.07% |
| 2024-06-30 | 8.51% |
| 2024-03-31 | 5.80% |
| 2023-12-31 | 5.89% |
| 2023-09-30 | 3.15% |
| 2023-06-30 | 2.47% |
| 2023-03-31 | -0.49% |
| 2022-12-31 | -3.59% |
| 2022-09-30 | 2.31% |
| 2022-06-30 | 1.16% |
| 2022-03-31 | 1.59% |
| 2021-12-31 | 2.51% |
| 2021-09-30 | 1.15% |
| 2021-06-30 | 1.37% |
| 2021-03-31 | -0.60% |
| 2020-12-31 | -4.25% |
| 2020-09-30 | -4.31% |
| 2020-06-30 | -4.99% |
| 2020-03-31 | -0.93% |
| 2019-12-31 | 2.01% |
| 2019-09-30 | 7.63% |
| 2019-06-30 | 10.94% |
| 2019-03-31 | 13.25% |
| 2018-12-31 | 15.11% |
| 2018-09-30 | 15.49% |
| 2018-06-30 | 15.06% |
| 2018-03-31 | 15.49% |
| 2017-12-31 | 14.09% |
| 2017-09-30 | 13.26% |
| 2017-06-30 | 14.84% |
| 2017-03-31 | 12.13% |
| 2016-12-31 | 11.21% |
| 2016-09-30 | 8.57% |
| 2016-06-30 | 7.65% |
| 2016-03-31 | 8.44% |
| 2015-12-31 | 7.55% |
| 2015-09-30 | -8.11% |
| 2015-06-30 | -11.57% |
| 2015-03-31 | -8.34% |
| 2014-12-31 | -17.30% |
| 2014-09-30 | -6.34% |
| 2014-06-30 | -8.03% |
| 2014-03-31 | -15.66% |
| 2013-12-31 | -11.48% |
| 2013-09-30 | -10.85% |
| 2013-06-30 | -9.53% |
| 2013-03-31 | -7.67% |
| 2012-12-31 | -4.53% |
| 2012-09-30 | -4.12% |
| 2012-06-30 | -6.04% |
| 2012-03-31 | -12.71% |
| 2011-12-31 | -20.07% |
| 2011-09-30 | -15.86% |
| 2011-06-30 | -11.04% |
| 2011-03-31 | -3.64% |
| 2010-12-31 | 6.06% |
| 2010-09-30 | 5.42% |
| 2010-06-30 | 3.91% |
| 2010-03-31 | 2.68% |
| 2009-12-31 | 1.24% |
| 2009-09-30 | 1.60% |
| 2009-06-30 | 2.92% |
| 2009-03-31 | 5.19% |
| 2008-12-31 | 6.84% |
| 2008-09-30 | 7.16% |
| 2008-06-30 | 7.51% |
| 2008-03-31 | 7.70% |
| 2007-12-31 | 7.26% |
| 2007-09-30 | 0.32% |
| 2007-06-30 | -3.01% |
| 2007-03-31 | -6.84% |
| 2006-12-31 | -11.36% |
| 2006-09-30 | -8.33% |
| 2006-06-30 | -9.97% |
| 2006-03-31 | -9.83% |
| 2005-12-31 | -8.55% |
| 2005-09-30 | 4.63% |
| 2005-06-30 | 4.54% |
| 2005-03-31 | 3.13% |
| 2004-12-31 | 1.45% |
| 2004-09-30 | -0.74% |
| 2004-06-30 | -3.47% |
| 2004-03-31 | -6.44% |
| 2003-12-31 | -10.66% |
| 2003-09-30 | -16.36% |
| 2003-06-30 | -21.76% |