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 -39.80% is in line with its 5-year average of -43.65%, around the middle of its 5-year range (-74.80%–-21.90%).
As of the fiscal period ended Tuesday, June 30, 2026. 16.56% above its 12-month average of -47.70%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): -39.80%.
RETURN ON INVESTED CAPITAL (ROIC)
-39.80%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
-47.70%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
-52.72%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
-43.65%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
-38.17%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
-40.30%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
-44.16%
CURRENT VS TTM AVG
+16.56%
CURRENT VS 3Y AVG
+24.51%
CURRENT VS 5Y AVG
+8.82%
CURRENT VS 10Y AVG
-4.28%
CURRENT VS 15Y AVG
+1.24%
CURRENT VS 20Y AVG
+9.89%
SECTOR MEDIAN · HEALTHCARE
-35.66%
median of 837 covered companies
CURRENT VS SECTOR MEDIAN
-11.60%
vs the sector median at left
Cytokinetics, Incorporated
Market Cap
$7.63B
Return on Invested Capital (ROIC)
-39.80%
TTM Avg
-47.70%
3Y Avg
-52.72%
5Y Avg
-43.65%
Market Cap
$7.61B
Return on Invested Capital (ROIC)
8.55%
TTM Avg
6.73%
3Y Avg
4.46%
5Y Avg
3.72%
Market Cap
$7.61B
Return on Invested Capital (ROIC)
26.62%
TTM Avg
-75.22%
3Y Avg
-60.07%
5Y Avg
-60.07%
Market Cap
$7.76B
Return on Invested Capital (ROIC)
14.76%
TTM Avg
-51.69%
3Y Avg
-63.43%
5Y Avg
-49.69%
Market Cap
$7.81B
Return on Invested Capital (ROIC)
-28.18%
TTM Avg
-41.03%
3Y Avg
-130.81%
5Y Avg
-101.76%
Market Cap
$7.31B
Return on Invested Capital (ROIC)
-20.37%
TTM Avg
-14.76%
3Y Avg
-15.39%
5Y Avg
-11.84%
Market Cap
$7.99B
Return on Invested Capital (ROIC)
9.94%
TTM Avg
10.71%
3Y Avg
-31.72%
5Y Avg
-47.51%
Market Cap
$6.99B
Return on Invested Capital (ROIC)
2.12%
TTM Avg
16.37%
3Y Avg
14.48%
5Y Avg
9.33%
Market Cap
$8.38B
Return on Invested Capital (ROIC)
22.98%
TTM Avg
-12.21%
3Y Avg
-17.44%
5Y Avg
-20.18%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Cytokinetics, Incorporated (CYTK) | $7.63B | -39.80% | -47.70% | -52.72% | -43.65% |
| HealthEquity, Inc. (HQY)vs › | $7.61B | 8.55% | 6.73% | 4.46% | 3.72% |
| Hinge Health, Inc. (HNGE)vs › | $7.61B | 26.62% | -75.22% | -60.07% | -60.07% |
| Caris Life Sciences, Inc. (CAI)vs › | $7.76B | 14.76% | -51.69% | -63.43% | -49.69% |
| Praxis Precision Medicines, Inc. (PRAX)vs › | $7.81B | -28.18% | -41.03% | -130.81% | -101.76% |
| Ionis Pharmaceuticals, Inc. (IONS)vs › | $7.31B | -20.37% | -14.76% | -15.39% | -11.84% |
| TG Therapeutics, Inc. (TGTX)vs › | $7.99B | 9.94% | 10.71% | -31.72% | -47.51% |
| Alkermes plc (ALKS)vs › | $6.99B | 2.12% | 16.37% | 14.48% | 9.33% |
| Oscar Health, Inc. (OSCR)vs › | $8.38B | 22.98% | -12.21% | -17.44% | -20.18% |
| Chemed Corporation (CHE)vs › | $6.66B | 19.48% | 18.99% | 19.98% | 22.15% |
ROIC
-39.8%
ROE
N/A
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 | -39.80% |
| 2026-03-31 | -57.21% |
| 2025-12-31 | -48.47% |
| 2025-09-30 | -43.68% |
| 2025-06-30 | -49.32% |
| 2025-03-31 | -50.63% |
| 2024-12-31 | -43.47% |
| 2024-09-30 | -39.22% |
| 2024-06-30 | -35.33% |
| 2024-03-31 | -68.14% |
| 2023-12-31 | -67.81% |
| 2023-09-30 | -74.80% |
| 2023-06-30 | -67.48% |
| 2023-03-31 | -45.52% |
| 2022-12-31 | -34.82% |
| 2022-09-30 | -21.90% |
| 2022-06-30 | -25.48% |
| 2022-03-31 | -28.32% |
| 2021-12-31 | -24.21% |
| 2021-09-30 | -26.33% |
| 2021-06-30 | -24.65% |
| 2021-03-31 | -19.06% |
| 2020-12-31 | -18.69% |
| 2020-09-30 | -18.19% |
| 2020-06-30 | -52.60% |
| 2020-03-31 | -44.40% |
| 2019-12-31 | -37.48% |
| 2019-09-30 | -58.25% |
| 2019-06-30 | -51.41% |
| 2019-03-31 | -47.70% |
| 2018-12-31 | -46.41% |
| 2018-09-30 | -48.92% |
| 2018-06-30 | -51.65% |
| 2018-03-31 | -48.17% |
| 2017-12-31 | -43.22% |
| 2017-09-30 | -23.55% |
| 2017-06-30 | -2.61% |
| 2017-03-31 | 2.53% |
| 2016-12-31 | 12.35% |
| 2016-09-30 | 0.39% |
| 2016-06-30 | -51.16% |
| 2016-03-31 | -45.69% |
| 2015-12-31 | -44.75% |
| 2015-09-30 | -27.71% |
| 2015-06-30 | -20.43% |
| 2015-03-31 | -15.38% |
| 2014-12-31 | -13.52% |
| 2014-09-30 | -22.56% |
| 2014-06-30 | -29.48% |
| 2014-03-31 | -34.31% |
| 2013-12-31 | -60.01% |
| 2013-09-30 | -117.36% |
| 2013-06-30 | -79.20% |
| 2013-03-31 | -71.02% |
| 2012-12-31 | -54.46% |
| 2012-09-30 | -50.60% |
| 2012-06-30 | -46.02% |
| 2012-03-31 | -109.72% |
| 2011-12-31 | -99.24% |
| 2011-09-30 | -83.60% |
| 2011-06-30 | -73.87% |
| 2011-03-31 | -82.36% |
| 2010-12-31 | -69.42% |
| 2010-09-30 | -65.07% |
| 2010-06-30 | -51.73% |
| 2010-03-31 | 23.33% |
| 2009-12-31 | 22.84% |
| 2009-09-30 | 23.70% |
| 2009-06-30 | 13.97% |
| 2009-03-31 | -75.20% |
| 2008-12-31 | -88.70% |
| 2008-09-30 | -80.60% |
| 2008-06-30 | -60.94% |
| 2008-03-31 | -50.10% |
| 2007-12-31 | -42.48% |
| 2007-09-30 | -39.90% |
| 2007-06-30 | -40.19% |
| 2007-03-31 | -36.87% |
| 2006-12-31 | -41.78% |
| 2006-09-30 | -58.66% |
| 2006-06-30 | -49.83% |
| 2006-03-31 | -43.62% |
| 2005-12-31 | -53.83% |
| 2005-09-30 | -51.54% |
| 2005-06-30 | -46.47% |
| 2005-03-31 | -40.29% |
| 2004-12-31 | -32.18% |
| 2004-09-30 | -51.17% |
| 2004-06-30 | -37.81% |
| 2004-03-31 | -105.50% |
| 2003-12-31 | -95.23% |
