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 -18.21% is 47% above its 5-year average of -34.20%, near the high end of its 5-year range (-115.54%–-12.34%).
As of the fiscal period ended Tuesday, June 30, 2026. 37.74% above its 12-month average of -29.25%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): -18.21%.
RETURN ON INVESTED CAPITAL (ROIC)
-18.21%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
-29.25%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
-38.08%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
-34.20%
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
+37.74%
CURRENT VS 3Y AVG
+52.18%
CURRENT VS 5Y AVG
+46.75%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · INDUSTRIALS
3.25%
median of 465 covered companies
CURRENT VS SECTOR MEDIAN
-660.27%
vs the sector median at left
Evolv Technologies Holdings, Inc.
Market Cap
$842.59M
Return on Invested Capital (ROIC)
-18.21%
TTM Avg
-29.25%
3Y Avg
-38.08%
5Y Avg
-34.20%
Market Cap
$848.70M
Return on Invested Capital (ROIC)
1.42%
TTM Avg
3.01%
3Y Avg
4.83%
5Y Avg
5.88%
Market Cap
$852.61M
Return on Invested Capital (ROIC)
-5.83%
TTM Avg
-4.88%
3Y Avg
-7.08%
5Y Avg
-4.71%
Market Cap
$819.93M
Return on Invested Capital (ROIC)
-18.22%
TTM Avg
-19.70%
3Y Avg
-15.19%
5Y Avg
-13.63%
Market Cap
$873.11M
Return on Invested Capital (ROIC)
3.84%
TTM Avg
4.99%
3Y Avg
4.79%
5Y Avg
4.79%
Market Cap
$811.20M
Return on Invested Capital (ROIC)
19.58%
TTM Avg
5.79%
3Y Avg
3.14%
5Y Avg
-8.70%
Market Cap
$886.43M
Return on Invested Capital (ROIC)
-4.63%
TTM Avg
-3.98%
3Y Avg
-0.88%
5Y Avg
2.28%
Market Cap
$798.21M
Return on Invested Capital (ROIC)
3.25%
TTM Avg
4.50%
3Y Avg
4.11%
5Y Avg
3.66%
Market Cap
$888.51M
Return on Invested Capital (ROIC)
-5.49%
TTM Avg
-11.33%
3Y Avg
-6.99%
5Y Avg
-5.90%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Evolv Technologies Holdings, Inc. (EVLV) | $842.59M | -18.21% | -29.25% | -38.08% | -34.20% |
| Transcat, Inc. (TRNS)vs › | $848.70M | 1.42% | 3.01% | 4.83% | 5.88% |
| Kornit Digital Ltd. (KRNT)vs › | $852.61M | -5.83% | -4.88% | -7.08% | -4.71% |
| PureCycle Technologies, Inc. (PCT)vs › | $819.93M | -18.22% | -19.70% | -15.19% | -13.63% |
| Aebi Schmidt Holding AG (AEBI)vs › | $873.11M | 3.84% | 4.99% | 4.79% | 4.79% |
| Paysign, Inc. (PAYS)vs › | $811.20M | 19.58% | 5.79% | 3.14% | -8.70% |
| Heartland Express, Inc. (HTLD)vs › | $886.43M | -4.63% | -3.98% | -0.88% | 2.28% |
| Republic Airways Holdings Inc. (RJET)vs › | $798.21M | 3.25% | 4.50% | 4.11% | 3.66% |
| Cryoport, Inc. (CYRX)vs › | $888.51M | -5.49% | -11.33% | -6.99% | -5.90% |
| Nano Nuclear Energy Inc. (NNE)vs › | $893.81M | -8.35% | -26.08% | -48.01% | -48.01% |
ROIC
-18.2%
ROE
-4.4%
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 | -18.21% |
| 2026-03-31 | -21.35% |
| 2025-12-31 | -25.44% |
| 2025-09-30 | -30.39% |
| 2025-06-30 | -50.83% |
| 2025-03-31 | -46.26% |
| 2024-12-31 | -45.08% |
| 2024-09-30 | -45.13% |
| 2024-06-30 | -45.68% |
| 2024-03-31 | -43.33% |
| 2023-12-31 | -40.73% |
| 2023-09-30 | -41.28% |
| 2023-06-30 | -41.32% |
| 2023-03-31 | -39.54% |
| 2022-12-31 | -34.30% |
| 2022-09-30 | -33.85% |
| 2022-06-30 | -29.76% |
| 2022-03-31 | -22.21% |
| 2021-12-31 | -16.85% |
| 2021-09-30 | -12.34% |
| 2021-06-30 | -115.54% |
| 2021-03-31 | -17.25% |
