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 -91.13% is 41% below its 5-year average of -64.53%, near the low end of its 5-year range (-91.13%–-40.43%).
As of the fiscal period ended Tuesday, June 30, 2026. 15.22% below its 12-month average of -79.09%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): -91.13%.
RETURN ON INVESTED CAPITAL (ROIC)
-91.13%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
-79.09%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
-68.56%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
-64.53%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
-55.60%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
-40.68%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
-31.99%
CURRENT VS TTM AVG
-15.22%
CURRENT VS 3Y AVG
-32.91%
CURRENT VS 5Y AVG
-41.21%
CURRENT VS 10Y AVG
-63.90%
CURRENT VS 15Y AVG
-124.00%
CURRENT VS 20Y AVG
-184.85%
SECTOR MEDIAN · TECHNOLOGY
2.87%
median of 441 covered companies
CURRENT VS SECTOR MEDIAN
-3275.28%
vs the sector median at left
Digimarc Corp.
Market Cap
$142.06M
Return on Invested Capital (ROIC)
-91.13%
TTM Avg
-79.09%
3Y Avg
-68.56%
5Y Avg
-64.53%
Market Cap
$139.63M
Return on Invested Capital (ROIC)
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$147.19M
Return on Invested Capital (ROIC)
-50.10%
TTM Avg
-425.78%
3Y Avg
-271.21%
5Y Avg
-241.03%
Market Cap
$148.31M
Return on Invested Capital (ROIC)
N/A
TTM Avg
-16.95%
3Y Avg
-55.38%
5Y Avg
-55.38%
Market Cap
$134.73M
Return on Invested Capital (ROIC)
-6.48%
TTM Avg
-8.41%
3Y Avg
-8.04%
5Y Avg
-10.37%
Market Cap
$134.41M
Return on Invested Capital (ROIC)
-26.60%
TTM Avg
-17.36%
3Y Avg
-518.98%
5Y Avg
-377.70%
Market Cap
$156.88M
Return on Invested Capital (ROIC)
7.26%
TTM Avg
6.17%
3Y Avg
5.20%
5Y Avg
5.32%
Market Cap
$120.43M
Return on Invested Capital (ROIC)
N/A
TTM Avg
5.97%
3Y Avg
8.14%
5Y Avg
8.14%
Market Cap
$180.74M
Return on Invested Capital (ROIC)
-61.92%
TTM Avg
-93.16%
3Y Avg
-90.54%
5Y Avg
-74.67%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Digimarc Corp. (DMRC) | $142.06M | -91.13% | -79.09% | -68.56% | -64.53% |
| Huckleberry.ai, Inc. Class B (HUCK)vs › | $139.63M | N/A | N/A | N/A | N/A |
| Axe Compute Inc. (AGPU)vs › | $147.19M | -50.10% | -425.78% | -271.21% | -241.03% |
| Nano Labs Ltd (NA)vs › | $148.31M | N/A | -16.95% | -55.38% | -55.38% |
| KVH Industries, Inc. (KVHI)vs › | $134.73M | -6.48% | -8.41% | -8.04% | -10.37% |
| Datavault AI Inc. (DVLT)vs › | $134.41M | -26.60% | -17.36% | -518.98% | -377.70% |
| eGain Corporation (EGAN)vs › | $156.88M | 7.26% | 6.17% | 5.20% | 5.32% |
| CTW Cayman Class A Ordinary Shares (CTW)vs › | $120.43M | N/A | 5.97% | 8.14% | 8.14% |
| Atomera Incorporated (ATOM)vs › | $180.74M | -61.92% | -93.16% | -90.54% | -74.67% |
| GCL Global Holdings Ltd Ordinary Shares (GCL)vs › | $101.13M | N/A | -10.55% | -4.67% | 0.36% |
ROIC
-91.1%
ROE
-107.3%
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 | -91.13% |
| 2026-03-31 | -71.42% |
| 2025-12-31 | -72.37% |
| 2025-09-30 | -80.70% |
| 2025-06-30 | -79.84% |
| 2025-03-31 | -76.10% |
| 2024-12-31 | -61.28% |
| 2024-09-30 | -56.58% |
| 2024-06-30 | -51.45% |
| 2024-03-31 | -48.64% |
| 2023-12-31 | -70.26% |
| 2023-09-30 | -67.06% |
| 2023-06-30 | -64.52% |
| 2023-03-31 | -63.17% |
| 2022-12-31 | -59.64% |
| 2022-09-30 | -53.04% |
| 2022-06-30 | -40.43% |
| 2022-03-31 | -63.41% |
| 2021-12-31 | -69.74% |
| 2021-09-30 | -60.17% |
| 2021-06-30 | -54.29% |
| 2021-03-31 | -37.99% |
| 2020-12-31 | -35.98% |
| 2020-09-30 | -44.00% |
| 2020-06-30 | -74.73% |
| 2020-03-31 | -74.63% |
| 2019-12-31 | -64.94% |
| 2019-09-30 | -56.53% |
| 2019-06-30 | -51.55% |
| 2019-03-31 | -63.95% |
| 2018-12-31 | -58.33% |
| 2018-09-30 | -53.23% |
| 2018-06-30 | -42.08% |
| 2018-03-31 | -36.95% |
| 2017-12-31 | -31.88% |
| 2017-09-30 | -30.35% |
| 2017-06-30 | -30.29% |
| 2017-03-31 | -33.02% |
| 2016-12-31 | -29.51% |
| 2016-09-30 | -26.97% |
| 2016-06-30 | -47.51% |
| 2016-03-31 | -40.86% |
| 2015-12-31 | -34.78% |
| 2015-09-30 | -30.10% |
| 2015-06-30 | -33.40% |
| 2015-03-31 | -32.27% |
| 2014-12-31 | -29.06% |
| 2014-09-30 | -31.94% |
| 2014-06-30 | -28.23% |
| 2014-03-31 | -14.80% |
| 2013-12-31 | -4.69% |
| 2013-09-30 | 3.24% |
| 2013-06-30 | 6.51% |
| 2013-03-31 | 7.67% |
| 2012-12-31 | 16.46% |
| 2012-09-30 | 17.02% |
| 2012-06-30 | 17.59% |
| 2012-03-31 | 25.28% |
| 2011-12-31 | 15.15% |
| 2011-09-30 | 20.49% |
| 2011-06-30 | 14.58% |
| 2011-03-31 | 8.77% |
| 2010-12-31 | 11.78% |
| 2010-09-30 | 4.35% |
| 2010-06-30 | 5.75% |
| 2010-03-31 | 4.98% |
| 2009-12-31 | -5.49% |
| 2009-09-30 | -6.04% |
| 2009-06-30 | -4.96% |
| 2009-03-31 | -2.35% |
| 2008-12-31 | 10.12% |
| 2008-09-30 | 10.94% |
| 2008-06-30 | 13.18% |
| 2007-12-31 | -2.67% |
