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 13.42% is in line with its 5-year average of 12.74%, around the middle of its 5-year range (7.97%–24.56%).
As of the fiscal period ended Tuesday, June 30, 2026. 1.89% above its 12-month average of 13.17%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
13.42%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
13.17%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
15.95%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
12.74%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
11.06%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
12.34%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
14.25%
CURRENT VS TTM AVG
+1.89%
CURRENT VS 3Y AVG
-15.87%
CURRENT VS 5Y AVG
+5.33%
CURRENT VS 10Y AVG
+21.39%
CURRENT VS 15Y AVG
+8.74%
CURRENT VS 20Y AVG
-5.80%
SECTOR MEDIAN · HEALTHCARE
8.75%
median of 88 covered companies
CURRENT VS SECTOR MEDIAN
+53.47%
vs the sector median at left
Encompass Health Corporation
Market Cap
$11.86B
Return on Invested Capital (ROIC)
13.42%
TTM Avg
13.17%
3Y Avg
15.95%
5Y Avg
12.74%
Market Cap
$11.48B
Return on Invested Capital (ROIC)
11.18%
TTM Avg
11.30%
3Y Avg
9.75%
5Y Avg
9.57%
Market Cap
$11.38B
Return on Invested Capital (ROIC)
8.90%
TTM Avg
10.00%
3Y Avg
10.19%
5Y Avg
11.72%
Market Cap
$11.35B
Return on Invested Capital (ROIC)
7.86%
TTM Avg
5.36%
3Y Avg
7.03%
5Y Avg
8.47%
Market Cap
$12.38B
Return on Invested Capital (ROIC)
-14.34%
TTM Avg
-61.05%
3Y Avg
-59.83%
5Y Avg
-54.60%
Market Cap
$11.13B
Return on Invested Capital (ROIC)
10.49%
TTM Avg
5.87%
3Y Avg
5.79%
5Y Avg
6.13%
Market Cap
$12.64B
Return on Invested Capital (ROIC)
8.48%
TTM Avg
7.10%
3Y Avg
4.92%
5Y Avg
2.27%
Market Cap
$10.50B
Return on Invested Capital (ROIC)
1.54%
TTM Avg
2.53%
3Y Avg
2.92%
5Y Avg
2.77%
Market Cap
$10.45B
Return on Invested Capital (ROIC)
11.74%
TTM Avg
10.95%
3Y Avg
8.97%
5Y Avg
9.05%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Encompass Health Corporation (EHC) | $11.86B | 13.42% | 13.17% | 15.95% | 12.74% |
| DaVita Inc. (DVA)vs › | $11.48B | 11.18% | 11.30% | 9.75% | 9.57% |
| Align Technology, Inc. (ALGN)vs › | $11.38B | 8.90% | 10.00% | 10.19% | 11.72% |
| Bio-Techne Corporation (TECH)vs › | $11.35B | 7.86% | 5.36% | 7.03% | 8.47% |
| Tempus AI, Inc. (TEM)vs › | $12.38B | -14.34% | -61.05% | -59.83% | -54.60% |
| Globus Medical, Inc. (GMED)vs › | $11.13B | 10.49% | 5.87% | 5.79% | 6.13% |
| Penumbra, Inc. (PEN)vs › | $12.64B | 8.48% | 7.10% | 4.92% | 2.27% |
| Bio-Rad Laboratories, Inc. (BIO)vs › | $10.50B | 1.54% | 2.53% | 2.92% | 2.77% |
| Universal Health Services, Inc. (UHS)vs › | $10.45B | 11.74% | 10.95% | 8.97% | 9.05% |
| Molina Healthcare, Inc. (MOH)vs › | $10.37B | 3.56% | 12.01% | 15.07% | 15.28% |
ROIC
13.4%
ROE
23.9%
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 | 13.42% |
| 2026-03-31 | 13.26% |
| 2025-12-31 | 13.28% |
| 2025-09-30 | 13.07% |
| 2025-06-30 | 12.83% |
| 2025-03-31 | 12.58% |
| 2024-12-31 | 11.90% |
| 2024-09-30 | 14.62% |
| 2024-06-30 | 17.74% |
| 2024-03-31 | 21.14% |
| 2023-12-31 | 24.56% |
| 2023-09-30 | 21.35% |
| 2023-06-30 | 17.64% |
| 2023-03-31 | 13.41% |
| 2022-12-31 | 9.64% |
| 2022-09-30 | 10.05% |
| 2022-06-30 | 7.97% |
| 2022-03-31 | 9.02% |
| 2021-12-31 | 9.95% |
| 2021-09-30 | 10.16% |
| 2021-06-30 | 10.42% |
| 2021-03-31 | 8.87% |
| 2020-12-31 | 8.80% |
| 2020-09-30 | 8.21% |
| 2020-06-30 | 8.28% |
| 2020-03-31 | 9.80% |
| 2019-12-31 | 10.22% |
| 2019-09-30 | 10.07% |
| 2019-06-30 | 10.59% |
| 2019-03-31 | 11.11% |
| 2018-12-31 | 11.27% |
| 2018-09-30 | 11.30% |
| 2018-06-30 | 10.71% |
| 2018-03-31 | 10.48% |
| 2017-12-31 | 9.96% |
| 2017-09-30 | 9.98% |
| 2017-06-30 | 9.98% |
| 2017-03-31 | 10.18% |
| 2016-12-31 | 10.09% |
| 2016-09-30 | 9.82% |
| 2016-06-30 | 9.43% |
| 2016-03-31 | 9.04% |
| 2015-12-31 | 8.43% |
| 2015-09-30 | 8.92% |
| 2015-06-30 | 10.95% |
| 2015-03-31 | 10.61% |
| 2014-12-31 | 10.85% |
| 2014-09-30 | 13.40% |
| 2014-06-30 | 14.19% |
| 2014-03-31 | 19.70% |
| 2013-12-31 | 19.87% |
| 2013-09-30 | 19.18% |
| 2013-06-30 | 19.49% |
| 2013-03-31 | 13.83% |
| 2012-12-31 | 12.96% |
| 2012-09-30 | 23.68% |
| 2012-06-30 | 24.27% |
| 2012-03-31 | 24.76% |
| 2011-12-31 | 28.92% |
| 2011-09-30 | 19.32% |
| 2011-06-30 | 17.88% |
| 2011-03-31 | 16.18% |
| 2010-12-31 | 16.57% |
| 2009-09-30 | 17.88% |
| 2009-06-30 | 17.54% |
| 2009-03-31 | 19.94% |
| 2008-12-31 | 19.35% |
| 2008-09-30 | 22.81% |
| 2008-06-30 | 23.76% |
| 2008-03-31 | 21.97% |
| 2007-12-31 | 16.34% |
| 2007-09-30 | 12.05% |
| 2007-06-30 | 12.41% |
| 2007-03-31 | 7.80% |
| 2006-12-31 | 6.96% |
| 2006-09-30 | 22.95% |
| 2006-06-30 | 25.12% |
| 2006-03-31 | 24.55% |
| 2005-12-31 | 18.18% |
| 2002-12-31 | 28.13% |
| 2002-09-30 | 13.24% |
| 2002-06-30 | 13.12% |
| 2002-03-31 | 13.90% |
| 2001-12-31 | 13.82% |
