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 5.03% is 29% below its 5-year average of 7.08%, near the low end of its 5-year range (5.03%–9.58%).
As of the fiscal period ended Friday, June 26, 2026. 10.92% below its 12-month average of 5.65%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
5.03%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
5.65%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
5.89%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
7.08%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
5.93%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
6.85%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
7.45%
CURRENT VS TTM AVG
-10.92%
CURRENT VS 3Y AVG
-14.62%
CURRENT VS 5Y AVG
-28.94%
CURRENT VS 10Y AVG
-15.18%
CURRENT VS 15Y AVG
-26.56%
CURRENT VS 20Y AVG
-32.50%
SECTOR MEDIAN · HEALTHCARE
8.75%
median of 90 covered companies
CURRENT VS SECTOR MEDIAN
-42.46%
vs the sector median at left
Danaher Corporation
Market Cap
$143.94B
Return on Invested Capital (ROIC)
5.03%
TTM Avg
5.65%
3Y Avg
5.89%
5Y Avg
7.08%
Market Cap
$132.77B
Return on Invested Capital (ROIC)
17.33%
TTM Avg
8.72%
3Y Avg
13.98%
5Y Avg
17.04%
Market Cap
$131.80B
Return on Invested Capital (ROIC)
15.47%
TTM Avg
14.35%
3Y Avg
12.24%
5Y Avg
10.38%
Market Cap
$158.76B
Return on Invested Capital (ROIC)
9.33%
TTM Avg
9.06%
3Y Avg
10.61%
5Y Avg
10.43%
Market Cap
$124.01B
Return on Invested Capital (ROIC)
15.11%
TTM Avg
12.85%
3Y Avg
12.25%
5Y Avg
11.92%
Market Cap
$121.44B
Return on Invested Capital (ROIC)
4.14%
TTM Avg
4.18%
3Y Avg
4.49%
5Y Avg
4.97%
Market Cap
$118.47B
Return on Invested Capital (ROIC)
6.44%
TTM Avg
6.11%
3Y Avg
5.46%
5Y Avg
5.53%
Market Cap
$181.49B
Return on Invested Capital (ROIC)
-3.66%
TTM Avg
11.34%
3Y Avg
11.28%
5Y Avg
10.29%
Market Cap
$104.89B
Return on Invested Capital (ROIC)
28.34%
TTM Avg
27.87%
3Y Avg
25.19%
5Y Avg
21.44%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Danaher Corporation (DHR) | $143.94B | 5.03% | 5.65% | 5.89% | 7.08% |
| Vertex Pharmaceuticals Incorporated (VRTX)vs › | $132.77B | 17.33% | 8.72% | 13.98% | 17.04% |
| Bristol-Myers Squibb Company (BMY)vs › | $131.80B | 15.47% | 14.35% | 12.24% | 10.38% |
| Pfizer Inc. (PFE)vs › | $158.76B | 9.33% | 9.06% | 10.61% | 10.43% |
| Intuitive Surgical, Inc. (ISRG)vs › | $124.01B | 15.11% | 12.85% | 12.25% | 11.92% |
| CVS Health Corp. (CVS)vs › | $121.44B | 4.14% | 4.18% | 4.49% | 4.97% |
| Medtronic plc (MDT)vs › | $118.47B | 6.44% | 6.11% | 5.46% | 5.53% |
| Gilead Sciences, Inc. (GILD)vs › | $181.49B | -3.66% | 11.34% | 11.28% | 10.29% |
| McKesson Corporation (MCK)vs › | $104.89B | 28.34% | 27.87% | 25.19% | 21.44% |
| Stryker Corporation (SYK)vs › | $104.82B | 9.82% | 10.14% | 10.34% | 10.08% |
ROIC
5.0%
ROE
7.6%
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) |
|---|---|
| 2026-06-26 | 5.03% |
| 2026-03-27 | 5.73% |
| 2025-12-31 | 5.70% |
| 2025-09-26 | 6.12% |
| 2025-06-27 | 5.66% |
| 2025-03-28 | 5.81% |
| 2024-12-31 | 6.09% |
| 2024-09-27 | 5.52% |
| 2024-06-28 | 5.90% |
| 2024-03-29 | 5.74% |
| 2023-12-31 | 5.91% |
| 2023-09-29 | 6.65% |
| 2023-06-30 | 7.73% |
| 2023-03-31 | 8.59% |
| 2022-12-31 | 9.56% |
| 2022-09-30 | 9.58% |
| 2022-07-01 | 9.42% |
| 2022-04-01 | 9.06% |
| 2021-12-31 | 8.94% |
| 2021-10-01 | 8.19% |
| 2021-07-02 | 7.79% |
| 2021-04-02 | 6.56% |
| 2020-12-31 | 5.00% |
| 2020-10-02 | 4.40% |
| 2020-07-03 | 3.99% |
| 2020-04-03 | 4.18% |
| 2019-12-31 | 4.18% |
| 2019-09-27 | 4.08% |
| 2019-06-28 | 4.89% |
| 2019-03-29 | 5.11% |
| 2018-12-31 | 6.24% |
| 2018-09-28 | 6.62% |
| 2018-06-29 | 6.36% |
| 2018-03-30 | 6.35% |
| 2017-12-31 | 6.29% |
| 2017-09-29 | 6.13% |
| 2017-06-30 | 6.16% |
| 2017-03-31 | 6.25% |
| 2016-12-31 | 6.57% |
| 2016-09-30 | 7.21% |
| 2016-07-01 | 5.94% |
| 2016-04-01 | 6.35% |
| 2015-12-31 | 6.30% |
| 2015-10-02 | 5.67% |
| 2015-07-03 | 8.06% |
| 2015-04-03 | 8.17% |
| 2014-12-31 | 8.09% |
| 2014-09-26 | 8.40% |
| 2014-06-27 | 8.20% |
| 2014-03-28 | 8.21% |
| 2013-12-31 | 8.20% |
| 2013-09-27 | 8.39% |
| 2013-06-28 | 8.37% |
| 2013-03-29 | 8.44% |
| 2012-12-31 | 8.40% |
| 2012-09-28 | 8.39% |
| 2012-06-29 | 8.58% |
| 2012-03-30 | 8.19% |
| 2011-12-31 | 8.00% |
| 2011-09-30 | 7.51% |
| 2011-07-01 | 6.80% |
| 2011-04-01 | 8.99% |
| 2010-12-31 | 8.75% |
| 2010-10-01 | 7.90% |
| 2010-07-02 | 8.06% |
| 2010-04-02 | 7.69% |
| 2009-12-31 | 7.39% |
| 2009-10-02 | 7.72% |
| 2009-07-03 | 8.16% |
| 2009-04-03 | 8.90% |
| 2008-12-31 | 9.51% |
| 2008-09-26 | 9.57% |
| 2008-06-27 | 9.12% |
| 2008-03-28 | 8.75% |
| 2007-12-31 | 8.71% |
| 2007-09-28 | 11.09% |
| 2007-06-29 | 11.05% |
| 2007-03-30 | 11.16% |
| 2006-12-31 | 11.31% |
| 2006-09-29 | 11.28% |
| 2006-06-30 | 10.74% |
| 2006-03-31 | 13.11% |
| 2005-12-31 | 12.99% |
| 2005-09-30 | 12.81% |
| 2005-07-01 | 12.70% |
| 2005-04-01 | 12.07% |
| 2004-12-31 | 11.61% |
| 2004-10-01 | 11.74% |
| 2004-07-02 | 11.16% |
| 2004-04-02 | 10.67% |
| 2003-12-31 | 10.31% |
| 2003-09-26 | 9.97% |
| 2003-06-27 | 9.69% |
