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 23.03% is 97% above its 5-year average of 11.68%, around the middle of its 5-year range (-8.23%–43.88%).
As of the fiscal period ended Tuesday, June 30, 2026. 27.48% below its 12-month average of 31.75%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 23.03%.
RETURN ON INVESTED CAPITAL (ROIC)
23.03%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
31.75%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
20.82%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
11.68%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
-27.48%
CURRENT VS 3Y AVG
+10.62%
CURRENT VS 5Y AVG
+97.22%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · TECHNOLOGY
2.75%
median of 466 covered companies
CURRENT VS SECTOR MEDIAN
+735.80%
vs the sector median at left
Docebo Inc.
Market Cap
$608.68M
Return on Invested Capital (ROIC)
23.03%
TTM Avg
31.75%
3Y Avg
20.82%
5Y Avg
11.68%
Market Cap
$611.68M
Return on Invested Capital (ROIC)
-18.86%
TTM Avg
-19.07%
3Y Avg
-19.85%
5Y Avg
-19.30%
Market Cap
$597.36M
Return on Invested Capital (ROIC)
-0.25%
TTM Avg
-25.28%
3Y Avg
-17.75%
5Y Avg
-12.80%
Market Cap
$622.94M
Return on Invested Capital (ROIC)
-5.47%
TTM Avg
-2.42%
3Y Avg
-5.71%
5Y Avg
-1.28%
Market Cap
$634.35M
Return on Invested Capital (ROIC)
15.40%
TTM Avg
19.62%
3Y Avg
18.16%
5Y Avg
16.09%
Market Cap
$585.64M
Return on Invested Capital (ROIC)
21.85%
TTM Avg
21.97%
3Y Avg
18.20%
5Y Avg
14.91%
Market Cap
$638.06M
Return on Invested Capital (ROIC)
-0.19%
TTM Avg
-0.20%
3Y Avg
-1.69%
5Y Avg
-2.80%
Market Cap
$559.90M
Return on Invested Capital (ROIC)
27.14%
TTM Avg
21.93%
3Y Avg
24.82%
5Y Avg
22.46%
Market Cap
$657.65M
Return on Invested Capital (ROIC)
3.34%
TTM Avg
0.31%
3Y Avg
-11.54%
5Y Avg
-6.79%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Docebo Inc. (DCBO) | $608.68M | 23.03% | 31.75% | 20.82% | 11.68% |
| indie Semiconductor, Inc. (INDI)vs › | $611.68M | -18.86% | -19.07% | -19.85% | -19.30% |
| ADTRAN Holdings Inc. (ADTN)vs › | $597.36M | -0.25% | -25.28% | -17.75% | -12.80% |
| NETGEAR, Inc. (NTGR)vs › | $622.94M | -5.47% | -2.42% | -5.71% | -1.28% |
| Climb Global Solutions, Inc. (CLMB)vs › | $634.35M | 15.40% | 19.62% | 18.16% | 16.09% |
| IBEX Limited (IBEX)vs › | $585.64M | 21.85% | 21.97% | 18.20% | 14.91% |
| Grid Dynamics Holdings, Inc. (GDYN)vs › | $638.06M | -0.19% | -0.20% | -1.69% | -2.80% |
| NVE Corporation (NVEC)vs › | $559.90M | 27.14% | 21.93% | 24.82% | 22.46% |
| Cognyte Software Ltd. (CGNT)vs › | $657.65M | 3.34% | 0.31% | -11.54% | -6.79% |
| Consensus Cloud Solutions, Inc. (CCSI)vs › | $658.19M | 17.68% | 19.29% | 19.32% | 19.45% |
ROIC
23.0%
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 | 23.03% |
| 2026-03-31 | 24.01% |
| 2025-12-31 | 29.38% |
| 2025-09-30 | 38.45% |
| 2025-06-30 | 43.88% |
| 2025-03-31 | 29.86% |
| 2024-12-31 | 31.32% |
| 2024-09-30 | 28.59% |
| 2024-06-30 | 25.96% |
| 2024-03-31 | 1.17% |
| 2023-12-31 | -3.77% |
| 2023-09-30 | -1.87% |
| 2023-06-30 | 0.60% |
| 2023-03-31 | 4.91% |
| 2022-12-31 | 1.89% |
| 2022-09-30 | 0.67% |
| 2022-06-30 | -3.18% |
| 2022-03-31 | -7.44% |
| 2021-12-31 | -6.76% |
| 2021-09-30 | -7.28% |
| 2021-06-30 | -8.23% |
| 2021-03-31 | -6.60% |
| 2020-12-31 | -3.45% |
| 2020-09-30 | -12.62% |
| 2020-06-30 | -27.14% |
| 2020-03-31 | -20.89% |
| 2019-12-31 | -27.76% |
