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 37.87% is 154% above its 5-year average of 14.88%, near the high end of its 5-year range (1.18%–37.87%).
As of the fiscal period ended Friday, July 3, 2026. 25.25% above its 12-month average of 30.23%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
37.87%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
30.23%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
19.43%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
14.88%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
16.28%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
1.08%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
-15.76%
CURRENT VS TTM AVG
+25.25%
CURRENT VS 3Y AVG
+94.85%
CURRENT VS 5Y AVG
+154.41%
CURRENT VS 10Y AVG
+132.60%
CURRENT VS 15Y AVG
+3414.38%
CURRENT VS 20Y AVG
+340.27%
SECTOR MEDIAN · HEALTHCARE
8.75%
median of 77 covered companies
CURRENT VS SECTOR MEDIAN
+332.78%
vs the sector median at left
Exelixis, Inc.
Market Cap
$13.59B
Return on Invested Capital (ROIC)
37.87%
TTM Avg
30.23%
3Y Avg
19.43%
5Y Avg
14.88%
Market Cap
$13.62B
Return on Invested Capital (ROIC)
-1.61%
TTM Avg
-0.86%
3Y Avg
-2.74%
5Y Avg
0.22%
Market Cap
$13.92B
Return on Invested Capital (ROIC)
2.91%
TTM Avg
2.97%
3Y Avg
3.43%
5Y Avg
5.52%
Market Cap
$14.22B
Return on Invested Capital (ROIC)
7.72%
TTM Avg
5.13%
3Y Avg
6.33%
5Y Avg
6.84%
Market Cap
$12.74B
Return on Invested Capital (ROIC)
-14.34%
TTM Avg
-61.05%
3Y Avg
-59.83%
5Y Avg
-54.60%
Market Cap
$14.87B
Return on Invested Capital (ROIC)
2.52%
TTM Avg
4.09%
3Y Avg
3.90%
5Y Avg
4.30%
Market Cap
$15.51B
Return on Invested Capital (ROIC)
15.85%
TTM Avg
12.30%
3Y Avg
11.68%
5Y Avg
11.64%
Market Cap
$11.64B
Return on Invested Capital (ROIC)
8.90%
TTM Avg
10.00%
3Y Avg
10.19%
5Y Avg
11.72%
Market Cap
$11.32B
Return on Invested Capital (ROIC)
7.86%
TTM Avg
5.53%
3Y Avg
7.11%
5Y Avg
8.52%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Exelixis, Inc. (EXEL) | $13.59B | 37.87% | 30.23% | 19.43% | 14.88% |
| Baxter International Inc. (BAX)vs › | $13.62B | -1.61% | -0.86% | -2.74% | 0.22% |
| Revvity, Inc. (RVTY)vs › | $13.92B | 2.91% | 2.97% | 3.43% | 5.52% |
| Charles River Laboratories International, Inc. (CRL)vs › | $14.22B | 7.72% | 5.13% | 6.33% | 6.84% |
| Tempus AI, Inc. (TEM)vs › | $12.74B | -14.34% | -61.05% | -59.83% | -54.60% |
| The Cooper Companies, Inc. (COO)vs › | $14.87B | 2.52% | 4.09% | 3.90% | 4.30% |
| Solventum Corporation (SOLV)vs › | $15.51B | 15.85% | 12.30% | 11.68% | 11.64% |
| Align Technology, Inc. (ALGN)vs › | $11.64B | 8.90% | 10.00% | 10.19% | 11.72% |
| Bio-Techne Corporation (TECH)vs › | $11.32B | 7.86% | 5.53% | 7.11% | 8.52% |
| DaVita Inc. (DVA)vs › | $11.16B | 11.18% | 11.30% | 9.75% | 9.57% |
ROIC
37.9%
ROE
46.7%
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) |
|---|---|
| 2026-07-03 | 37.87% |
| 2026-04-03 | 35.01% |
| 2026-01-02 | 29.74% |
| 2025-10-03 | 25.36% |
| 2025-07-04 | 23.20% |
| 2025-04-04 | 24.00% |
| 2024-12-31 | 18.18% |
| 2024-09-27 | 15.87% |
| 2024-06-28 | 11.81% |
| 2024-03-29 | 5.60% |
| 2023-12-31 | 5.41% |
| 2023-09-29 | 1.18% |
| 2023-06-30 | 3.95% |
| 2023-03-31 | 4.07% |
| 2022-12-31 | 5.70% |
| 2022-09-30 | 11.04% |
| 2022-07-01 | 10.28% |
| 2022-04-01 | 12.37% |
| 2021-12-31 | 9.88% |
| 2021-10-01 | 7.18% |
| 2021-07-02 | 3.95% |
| 2021-04-02 | 2.51% |
| 2020-12-31 | 4.87% |
| 2020-10-02 | 6.92% |
| 2020-07-03 | 13.64% |
| 2020-04-03 | 14.88% |
| 2019-12-31 | 17.09% |
| 2019-09-27 | 24.56% |
| 2019-06-28 | 26.97% |
| 2019-03-29 | 28.74% |
| 2018-12-31 | 33.33% |
| 2018-09-28 | 38.42% |
| 2018-06-29 | 38.69% |
| 2018-03-30 | 36.99% |
| 2017-12-31 | 29.87% |
| 2017-09-29 | 32.57% |
| 2017-06-30 | 22.04% |
| 2017-03-31 | 4.55% |
| 2016-12-31 | -5.45% |
| 2016-09-30 | -21.61% |
| 2016-07-01 | -36.15% |
| 2016-04-01 | -35.28% |
| 2015-12-31 | -43.35% |
| 2015-10-02 | -44.20% |
| 2015-07-03 | -80.56% |
| 2015-04-03 | -79.81% |
| 2014-12-31 | -87.90% |
| 2014-09-26 | -77.45% |
| 2014-06-27 | -66.50% |
| 2014-03-28 | -54.15% |
| 2013-12-31 | -46.99% |
| 2013-09-27 | -37.37% |
| 2013-06-28 | -27.77% |
| 2013-03-29 | -22.19% |
| 2012-12-31 | -18.76% |
| 2012-09-30 | -4.18% |
| 2012-06-29 | 25.09% |
| 2012-03-30 | 25.93% |
| 2011-12-31 | 28.29% |
| 2011-09-30 | 7.75% |
| 2011-07-01 | -20.21% |
| 2011-04-01 | -20.23% |
| 2010-12-31 | -46.02% |
| 2010-10-01 | -52.23% |
| 2010-07-02 | -51.04% |
| 2010-04-02 | -118.54% |
| 2009-12-31 | -69.45% |
| 2009-10-02 | -53.30% |
| 2009-07-03 | -83.77% |
| 2009-04-03 | -76.77% |
| 2008-12-31 | -70.31% |
| 2008-09-26 | -119.59% |
| 2008-06-27 | -90.28% |
| 2008-03-28 | -67.43% |
| 2007-12-31 | -53.24% |
| 2007-09-28 | -47.40% |
| 2007-06-29 | -51.00% |
| 2007-03-30 | -41.86% |
| 2006-12-31 | -42.60% |
| 2006-09-30 | -61.29% |
| 2006-06-30 | -51.32% |
| 2006-03-31 | -38.41% |
| 2005-12-31 | -35.34% |
| 2005-09-30 | -39.85% |
| 2005-06-30 | -41.86% |
| 2005-03-31 | -63.25% |
| 2004-12-31 | -56.71% |
| 2004-09-30 | -45.78% |
| 2004-06-30 | -41.66% |
| 2004-03-31 | -36.03% |
| 2003-12-31 | -30.70% |
| 2003-09-30 | -30.97% |
| 2003-06-30 | -28.76% |
