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 8.25% is 17% below its 5-year average of 9.97%, near the low end of its 5-year range (6.64%–18.19%).
As of the fiscal period ended Tuesday, June 30, 2026. 1.52% above its 12-month average of 8.13%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 8.25%.
RETURN ON INVESTED CAPITAL (ROIC)
8.25%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
8.13%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
7.71%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
9.97%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
8.59%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
8.99%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
9.58%
CURRENT VS TTM AVG
+1.52%
CURRENT VS 3Y AVG
+7.04%
CURRENT VS 5Y AVG
-17.24%
CURRENT VS 10Y AVG
-3.95%
CURRENT VS 15Y AVG
-8.14%
CURRENT VS 20Y AVG
-13.83%
SECTOR MEDIAN · HEALTHCARE
8.75%
median of 90 covered companies
CURRENT VS SECTOR MEDIAN
-5.61%
vs the sector median at left
Quest Diagnostics Incorporated
Market Cap
$26.14B
Return on Invested Capital (ROIC)
8.25%
TTM Avg
8.13%
3Y Avg
7.71%
5Y Avg
9.97%
Market Cap
$26.32B
Return on Invested Capital (ROIC)
15.77%
TTM Avg
14.65%
3Y Avg
16.96%
5Y Avg
17.76%
Market Cap
$25.35B
Return on Invested Capital (ROIC)
8.02%
TTM Avg
6.33%
3Y Avg
5.68%
5Y Avg
7.63%
Market Cap
$25.17B
Return on Invested Capital (ROIC)
22.95%
TTM Avg
10.25%
3Y Avg
9.28%
5Y Avg
7.08%
Market Cap
$25.07B
Return on Invested Capital (ROIC)
-10.37%
TTM Avg
-4.85%
3Y Avg
9.52%
5Y Avg
19.51%
Market Cap
$29.31B
Return on Invested Capital (ROIC)
4.05%
TTM Avg
6.03%
3Y Avg
5.27%
5Y Avg
5.27%
Market Cap
$29.39B
Return on Invested Capital (ROIC)
21.63%
TTM Avg
21.87%
3Y Avg
20.30%
5Y Avg
19.27%
Market Cap
$29.99B
Return on Invested Capital (ROIC)
6.94%
TTM Avg
7.96%
3Y Avg
8.07%
5Y Avg
9.18%
Market Cap
$30.57B
Return on Invested Capital (ROIC)
-12.90%
TTM Avg
-4.21%
3Y Avg
-0.54%
5Y Avg
0.75%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Quest Diagnostics Incorporated (DGX) | $26.14B | 8.25% | 8.13% | 7.71% | 9.97% |
| West Pharmaceutical Services, Inc. (WST)vs › | $26.32B | 15.77% | 14.65% | 16.96% | 17.76% |
| Labcorp Holdings Inc. (LH)vs › | $25.35B | 8.02% | 6.33% | 5.68% | 7.63% |
| Incyte Corporation (INCY)vs › | $25.17B | 22.95% | 10.25% | 9.28% | 7.08% |
| BioNTech SE (BNTX)vs › | $25.07B | -10.37% | -4.85% | 9.52% | 19.51% |
| Medline Inc. (MDLN)vs › | $29.31B | 4.05% | 6.03% | 5.27% | 5.27% |
| Zoetis Inc. (ZTS)vs › | $29.39B | 21.63% | 21.87% | 20.30% | 19.27% |
| GE HealthCare Technologies Inc. (GEHC)vs › | $29.99B | 6.94% | 7.96% | 8.07% | 9.18% |
| Centene Corp. (CNC)vs › | $30.57B | -12.90% | -4.21% | -0.54% | 0.75% |
| Mettler-Toledo International Inc. (MTD)vs › | $30.87B | 38.57% | 38.26% | 37.51% | 36.01% |
ROIC
8.3%
ROE
14.1%
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 | 8.25% |
| 2026-03-31 | 8.14% |
| 2025-12-31 | 8.21% |
| 2025-09-30 | 8.13% |
| 2025-06-30 | 7.93% |
| 2025-03-31 | 7.48% |
| 2024-12-31 | 7.03% |
| 2024-09-30 | 6.64% |
| 2024-06-30 | 7.82% |
| 2024-03-31 | 7.74% |
| 2023-12-31 | 7.83% |
| 2023-09-30 | 7.34% |
| 2023-06-30 | 7.70% |
| 2023-03-31 | 8.38% |
| 2022-12-31 | 9.91% |
| 2022-09-30 | 12.03% |
| 2022-06-30 | 13.61% |
| 2022-03-31 | 14.64% |
| 2021-12-31 | 15.40% |
| 2021-09-30 | 17.03% |
| 2021-06-30 | 18.19% |
| 2021-03-31 | 15.13% |
| 2020-12-31 | 12.17% |
| 2020-09-30 | 9.54% |
| 2020-06-30 | 7.40% |
| 2020-03-31 | 8.14% |
| 2019-12-31 | 8.06% |
| 2019-09-30 | 7.59% |
| 2019-06-30 | 7.78% |
| 2019-03-31 | 7.92% |
| 2018-12-31 | 8.86% |
| 2018-09-30 | 10.22% |
| 2018-06-30 | 9.75% |
| 2018-03-31 | 9.39% |
| 2017-12-31 | 9.41% |
| 2017-09-30 | 8.30% |
| 2017-06-30 | 8.68% |
| 2017-03-31 | 8.83% |
| 2016-12-31 | 8.45% |
| 2016-09-30 | 8.92% |
| 2016-06-30 | 10.79% |
| 2016-03-31 | 10.30% |
| 2015-12-31 | 10.41% |
| 2015-09-30 | 10.26% |
| 2015-06-30 | 8.42% |
| 2015-03-31 | 7.29% |
| 2014-12-31 | 7.82% |
| 2014-09-30 | 7.16% |
| 2014-06-30 | 10.28% |
| 2014-03-31 | 10.68% |
| 2013-12-31 | 11.55% |
| 2013-09-30 | 11.70% |
| 2013-06-30 | 8.49% |
| 2013-03-31 | 8.57% |
| 2012-12-31 | 9.22% |
| 2012-09-30 | 9.64% |
| 2012-06-30 | 9.69% |
| 2012-03-31 | 9.58% |
| 2011-12-31 | 9.41% |
| 2011-09-30 | 9.08% |
| 2011-06-30 | 9.26% |
| 2011-03-31 | 9.80% |
| 2010-12-31 | 10.83% |
| 2010-09-30 | 11.15% |
| 2010-06-30 | 10.99% |
| 2010-03-31 | 10.99% |
| 2009-12-31 | 11.07% |
| 2009-09-30 | 11.20% |
| 2009-06-30 | 11.06% |
| 2009-03-31 | 11.10% |
| 2008-12-31 | 10.56% |
| 2008-09-30 | 10.08% |
| 2008-06-30 | 9.81% |
| 2008-03-31 | 9.46% |
| 2007-12-31 | 8.90% |
| 2007-09-30 | 8.39% |
| 2007-06-30 | 8.27% |
| 2007-03-31 | 11.59% |
| 2006-12-31 | 13.44% |
| 2006-09-30 | 12.81% |
| 2006-06-30 | 12.66% |
| 2006-03-31 | 12.83% |
| 2005-12-31 | 12.79% |
| 2005-09-30 | 15.05% |
| 2005-06-30 | 15.05% |
| 2005-03-31 | 15.17% |
| 2004-12-31 | 15.24% |
| 2004-09-30 | 13.75% |
| 2004-06-30 | 13.65% |
| 2004-03-31 | 13.24% |
| 2003-12-31 | 12.90% |
| 2003-09-30 | 12.12% |
| 2003-06-30 | 11.15% |
