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 12.96% is in line with its 5-year average of 14.03%, around the middle of its 5-year range (10.07%–18.08%).
As of the fiscal period ended Saturday, July 25, 2026. 6.86% above its 12-month average of 12.13%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q4 FY2026 (2026-07-25): 12.96%.
RETURN ON INVESTED CAPITAL (ROIC)
12.96%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
12.13%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
11.57%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
14.03%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
12.85%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
11.97%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
12.46%
CURRENT VS TTM AVG
+6.86%
CURRENT VS 3Y AVG
+11.98%
CURRENT VS 5Y AVG
-7.62%
CURRENT VS 10Y AVG
+0.81%
CURRENT VS 15Y AVG
+8.24%
CURRENT VS 20Y AVG
+4.05%
SECTOR MEDIAN · TECHNOLOGY
8.17%
median of 192 covered companies
CURRENT VS SECTOR MEDIAN
+58.62%
vs the sector median at left
Cisco Systems, Inc.
Market Cap
$423.47B
Return on Invested Capital (ROIC)
12.96%
TTM Avg
12.13%
3Y Avg
11.57%
5Y Avg
14.03%
Market Cap
$441.20B
Return on Invested Capital (ROIC)
7.99%
TTM Avg
9.43%
3Y Avg
10.21%
5Y Avg
10.72%
Market Cap
$380.83B
Return on Invested Capital (ROIC)
25.60%
TTM Avg
11.80%
3Y Avg
5.23%
5Y Avg
-8.54%
Market Cap
$372.68B
Return on Invested Capital (ROIC)
40.77%
TTM Avg
37.48%
3Y Avg
33.35%
5Y Avg
33.83%
Market Cap
$360.47B
Return on Invested Capital (ROIC)
23.58%
TTM Avg
23.96%
3Y Avg
27.87%
5Y Avg
28.45%
Market Cap
$506.01B
Return on Invested Capital (ROIC)
0.05%
TTM Avg
-3.55%
3Y Avg
-1.38%
5Y Avg
1.34%
Market Cap
$336.56B
Return on Invested Capital (ROIC)
22.65%
TTM Avg
14.86%
3Y Avg
12.60%
5Y Avg
11.91%
Market Cap
$275.87B
Return on Invested Capital (ROIC)
1.03%
TTM Avg
3.35%
3Y Avg
3.82%
5Y Avg
1.38%
Market Cap
$271.46B
Return on Invested Capital (ROIC)
7.33%
TTM Avg
8.81%
3Y Avg
7.18%
5Y Avg
7.18%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Cisco Systems, Inc. (CSCO) | $423.47B | 12.96% | 12.13% | 11.57% | 14.03% |
| Oracle Corporation (ORCL)vs › | $441.20B | 7.99% | 9.43% | 10.21% | 10.72% |
| Palantir Technologies Inc. (PLTR)vs › | $380.83B | 25.60% | 11.80% | 5.23% | -8.54% |
| Lam Research Corporation (LRCX)vs › | $372.68B | 40.77% | 37.48% | 33.35% | 33.83% |
| Applied Materials, Inc. (AMAT)vs › | $360.47B | 23.58% | 23.96% | 27.87% | 28.45% |
| Intel Corp. (INTC)vs › | $506.01B | 0.05% | -3.55% | -1.38% | 1.34% |
| Dell Technologies Inc. (DELL)vs › | $336.56B | 22.65% | 14.86% | 12.60% | 11.91% |
| Palo Alto Networks, Inc. (PANW)vs › | $275.87B | 1.03% | 3.35% | 3.82% | 1.38% |
| Arm Holdings plc American Depositary Shares (ARM)vs › | $271.46B | 7.33% | 8.81% | 7.18% | 7.18% |
| Sandisk Corporation (SNDK)vs › | $250.66B | 64.29% | 64.29% | 16.19% | 7.93% |
ROIC
13.0%
ROE
26.4%
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) |
|---|---|
| 2026-07-25 | 12.96% |
| 2026-04-25 | 12.31% |
| 2026-01-24 | 12.02% |
| 2025-10-25 | 11.68% |
| 2025-07-26 | 11.66% |
| 2025-04-26 | 11.48% |
| 2025-01-25 | 10.40% |
| 2024-10-26 | 10.07% |
| 2024-07-27 | 10.80% |
| 2024-04-27 | 12.34% |
| 2024-01-27 | 17.35% |
| 2023-10-28 | 18.08% |
| 2023-07-31 | 17.12% |
| 2023-04-29 | 16.25% |
| 2023-01-28 | 15.96% |
| 2022-10-29 | 16.36% |
| 2022-07-31 | 16.45% |
| 2022-04-30 | 16.44% |
| 2022-01-29 | 15.98% |
| 2021-10-30 | 14.97% |
| 2021-07-31 | 13.90% |
| 2021-05-01 | 13.90% |
| 2021-01-23 | 13.56% |
| 2020-10-24 | 13.94% |
| 2020-07-31 | 15.07% |
| 2020-04-25 | 15.09% |
| 2020-01-25 | 15.42% |
| 2019-10-26 | 14.92% |
| 2019-07-31 | 14.87% |
| 2019-04-27 | 16.44% |
| 2019-01-26 | 14.89% |
| 2018-10-27 | 8.52% |
| 2018-07-31 | 7.78% |
| 2018-04-28 | 7.09% |
| 2018-01-27 | 6.02% |
| 2017-10-28 | 8.37% |
| 2017-07-31 | 8.49% |
| 2017-04-29 | 9.11% |
| 2017-01-28 | 8.86% |
| 2016-10-29 | 9.70% |
| 2016-07-31 | 10.43% |
| 2016-04-30 | 10.18% |
| 2016-01-23 | 10.92% |
| 2015-10-24 | 9.93% |
| 2015-07-31 | 9.20% |
| 2015-04-25 | 9.76% |
| 2015-01-24 | 9.65% |
| 2014-10-25 | 8.73% |
| 2014-07-31 | 8.81% |
| 2014-04-26 | 9.08% |
| 2014-01-25 | 9.95% |
| 2013-10-26 | 11.87% |
| 2013-07-31 | 12.07% |
| 2013-04-27 | 12.15% |
| 2013-01-26 | 11.86% |
| 2012-10-27 | 11.01% |
| 2012-07-31 | 10.76% |
| 2012-04-28 | 9.83% |
| 2012-01-28 | 9.59% |
| 2011-10-29 | 8.91% |
| 2011-07-31 | 9.07% |
| 2011-04-30 | 10.03% |
| 2011-01-29 | 11.04% |
| 2010-10-30 | 11.91% |
| 2010-07-31 | 11.63% |
| 2010-05-01 | 10.51% |
| 2010-01-23 | 9.47% |
| 2009-10-24 | 9.79% |
| 2009-07-31 | 10.72% |
| 2009-04-25 | 12.94% |
| 2009-01-24 | 14.64% |
| 2008-10-25 | 16.39% |
| 2008-07-31 | 16.34% |
| 2008-04-26 | 16.43% |
| 2008-01-26 | 17.00% |
| 2007-10-27 | 16.56% |
| 2007-07-31 | 16.71% |
| 2007-04-28 | 17.25% |
| 2007-01-27 | 17.07% |
| 2006-10-28 | 16.13% |
| 2006-07-31 | 15.98% |
| 2006-04-29 | 15.65% |
| 2006-01-28 | 21.26% |
| 2005-10-29 | 23.03% |
| 2005-07-31 | 21.74% |
| 2005-04-30 | 20.79% |
| 2005-01-29 | 19.99% |
| 2004-10-30 | 18.52% |
| 2004-07-31 | 16.63% |
| 2004-05-01 | 15.04% |
| 2004-01-24 | 13.49% |
| 2003-10-25 | 12.95% |
| 2003-07-31 | 12.09% |
