Basis: Latest reported fiscal year. 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 12.31% is in line with its 5-year average of 13.20%, around the middle of its 5-year range (10.30%–15.32%).
As of the fiscal period ended Wednesday, December 31, 2025. 3.64% below its 12-month average of 12.78%.
Annual fiscal-year return on invested capital; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
12.31%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
12.78%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
13.55%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
13.20%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
13.40%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
15.12%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
16.52%
CURRENT VS TTM AVG
-3.64%
CURRENT VS 3Y AVG
-9.17%
CURRENT VS 5Y AVG
-6.71%
CURRENT VS 10Y AVG
-8.15%
CURRENT VS 15Y AVG
-18.58%
CURRENT VS 20Y AVG
-25.49%
SECTOR MEDIAN · TECHNOLOGY
8.08%
median of 177 covered companies
CURRENT VS SECTOR MEDIAN
+52.35%
vs the sector median at left
Cognizant Technology Solutions Corporation
Market Cap
$22.51B
Return on Invested Capital (ROIC)
12.31%
TTM Avg
12.78%
3Y Avg
13.55%
5Y Avg
13.20%
Market Cap
$22.66B
Return on Invested Capital (ROIC)
13.85%
TTM Avg
13.38%
3Y Avg
11.41%
5Y Avg
10.61%
Market Cap
$22.31B
Return on Invested Capital (ROIC)
3.49%
TTM Avg
3.74%
3Y Avg
3.37%
5Y Avg
2.71%
Market Cap
$21.78B
Return on Invested Capital (ROIC)
14.42%
TTM Avg
13.43%
3Y Avg
9.38%
5Y Avg
8.29%
Market Cap
$23.27B
Return on Invested Capital (ROIC)
1.88%
TTM Avg
0.68%
3Y Avg
-4.02%
5Y Avg
-5.54%
Market Cap
$23.99B
Return on Invested Capital (ROIC)
-3.18%
TTM Avg
-3.82%
3Y Avg
-9.21%
5Y Avg
-9.47%
Market Cap
$20.84B
Return on Invested Capital (ROIC)
6.92%
TTM Avg
6.62%
3Y Avg
0.00%
5Y Avg
4.11%
Market Cap
$24.23B
Return on Invested Capital (ROIC)
24.97%
TTM Avg
24.84%
3Y Avg
25.36%
5Y Avg
29.30%
Market Cap
$20.67B
Return on Invested Capital (ROIC)
32.34%
TTM Avg
8.74%
3Y Avg
-6.40%
5Y Avg
-13.80%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Cognizant Technology Solutions Corporation (CTSH) | $22.51B | 12.31% | 12.78% | 13.55% | 13.20% |
| F5, Inc. (FFIV)vs › | $22.66B | 13.85% | 13.38% | 11.41% | 10.61% |
| Fidelity National Information Services, Inc. (FIS)vs › | $22.31B | 3.49% | 3.74% | 3.37% | 2.71% |
| First Solar, Inc. (FSLR)vs › | $21.78B | 14.42% | 13.43% | 9.38% | 8.29% |
| Okta, Inc. (OKTA)vs › | $23.27B | 1.88% | 0.68% | -4.02% | -5.54% |
| Zscaler, Inc. (ZS)vs › | $23.99B | -3.18% | -3.82% | -9.21% | -9.47% |
| MKS Inc. (MKSI)vs › | $20.84B | 6.92% | 6.62% | 0.00% | 4.11% |
| HP Inc. (HPQ)vs › | $24.23B | 24.97% | 24.84% | 25.36% | 29.30% |
| Samsara Inc. (IOT)vs › | $20.67B | 32.34% | 8.74% | -6.40% | -13.80% |
| Tower Semiconductor Ltd. (TSEM)vs › | $24.53B | 5.73% | 6.07% | 10.73% | 9.25% |
ROIC
12.3%
ROE
14.8%
ROIC = NOPAT / Invested Capital
Return on invested capital measures the after-tax return a company earns on all capital (debt and equity) invested in the business.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | RETURN ON INVESTED CAPITAL (ROIC) |
|---|---|
| 2025-12-31 | 12.31% |
| 2024-12-31 | 13.24% |
| 2023-12-31 | 13.34% |
| 2022-12-31 | 15.32% |
| 2021-12-31 | 14.66% |
| 2020-12-31 | 10.30% |
| 2019-12-31 | 13.51% |
| 2018-12-31 | 15.99% |
| 2017-12-31 | 11.18% |
| 2016-12-31 | 12.64% |
| 2015-12-31 | 14.94% |
| 2014-12-31 | 14.35% |
| 2013-12-31 | 18.98% |
| 2012-12-31 | 21.47% |
| 2011-12-31 | 19.98% |
| 2010-12-31 | 19.70% |
| 2009-12-31 | 19.30% |
| 2008-12-31 | 21.74% |
| 2007-12-31 | 21.53% |
| 2006-12-31 | 20.16% |
| 2005-12-31 | 22.32% |
| 2004-12-31 | 21.10% |
| 2003-12-31 | 19.27% |
| 2002-12-31 | 18.24% |
| 2001-12-31 | 18.09% |
| 2000-12-31 | 19.75% |
| 1999-12-31 | 18.61% |
| 1998-12-31 | 14.53% |
