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 6.47% is in line with its 5-year average of 6.28%, around the middle of its 5-year range (2.80%–9.04%).
As of the fiscal period ended Tuesday, June 30, 2026. 18.52% below its 12-month average of 7.94%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
6.47%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
7.94%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
7.67%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
6.28%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
7.90%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
7.88%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
7.79%
CURRENT VS TTM AVG
-18.52%
CURRENT VS 3Y AVG
-15.69%
CURRENT VS 5Y AVG
+2.99%
CURRENT VS 10Y AVG
-18.16%
CURRENT VS 15Y AVG
-17.94%
CURRENT VS 20Y AVG
-17.01%
SECTOR MEDIAN · TECHNOLOGY
8.17%
median of 193 covered companies
CURRENT VS SECTOR MEDIAN
-20.83%
vs the sector median at left
Fiserv, Inc.
Market Cap
$26.35B
Return on Invested Capital (ROIC)
6.47%
TTM Avg
7.94%
3Y Avg
7.67%
5Y Avg
6.28%
Market Cap
$26.44B
Return on Invested Capital (ROIC)
8.92%
TTM Avg
9.77%
3Y Avg
10.34%
5Y Avg
10.06%
Market Cap
$26.67B
Return on Invested Capital (ROIC)
12.43%
TTM Avg
12.84%
3Y Avg
13.67%
5Y Avg
13.33%
Market Cap
$25.95B
Return on Invested Capital (ROIC)
N/A
TTM Avg
95.28%
3Y Avg
77.28%
5Y Avg
58.97%
Market Cap
$25.85B
Return on Invested Capital (ROIC)
6.05%
TTM Avg
5.96%
3Y Avg
5.53%
5Y Avg
5.53%
Market Cap
$26.95B
Return on Invested Capital (ROIC)
-2.72%
TTM Avg
-2.97%
3Y Avg
-5.22%
5Y Avg
-8.94%
Market Cap
$25.73B
Return on Invested Capital (ROIC)
9.73%
TTM Avg
9.11%
3Y Avg
14.76%
5Y Avg
15.52%
Market Cap
$25.13B
Return on Invested Capital (ROIC)
4.47%
TTM Avg
1.88%
3Y Avg
4.52%
5Y Avg
0.38%
Market Cap
$27.77B
Return on Invested Capital (ROIC)
5.23%
TTM Avg
9.06%
3Y Avg
13.88%
5Y Avg
12.30%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Fiserv, Inc. (FISV) | $26.35B | 6.47% | 7.94% | 7.67% | 6.28% |
| Corpay, Inc. (CPAY)vs › | $26.44B | 8.92% | 9.77% | 10.34% | 10.06% |
| Cognizant Technology Solutions Corporation (CTSH)vs › | $26.67B | 12.43% | 12.84% | 13.67% | 13.33% |
| VeriSign, Inc. (VRSN)vs › | $25.95B | N/A | 95.28% | 77.28% | 58.97% |
| Qnity Electronics, Inc. (Q)vs › | $25.85B | 6.05% | 5.96% | 5.53% | 5.53% |
| Zscaler, Inc. (ZS)vs › | $26.95B | -2.72% | -2.97% | -5.22% | -8.94% |
| Super Micro Computer, Inc. (SMCI)vs › | $25.73B | 9.73% | 9.11% | 14.76% | 15.52% |
| GLOBALFOUNDRIES Inc. (GFS)vs › | $25.13B | 4.47% | 1.88% | 4.52% | 0.38% |
| ON Semiconductor Corporation (ON)vs › | $27.77B | 5.23% | 9.06% | 13.88% | 12.30% |
| Teledyne Technologies Incorporated (TDY)vs › | $27.86B | 7.32% | 6.74% | 6.77% | 6.73% |
ROIC
6.5%
ROE
10.4%
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 | 6.47% |
| 2026-03-31 | 7.31% |
| 2025-12-31 | 8.11% |
| 2025-09-30 | 8.77% |
| 2025-06-30 | 9.04% |
| 2025-03-31 | 8.71% |
| 2024-12-31 | 8.77% |
| 2024-09-30 | 8.18% |
| 2024-06-30 | 7.77% |
| 2024-03-31 | 7.34% |
| 2023-12-31 | 6.99% |
| 2023-09-30 | 6.64% |
| 2023-06-30 | 5.64% |
| 2023-03-31 | 5.36% |
| 2022-12-31 | 5.35% |
| 2022-09-30 | 4.48% |
| 2022-06-30 | 4.23% |
| 2022-03-31 | 3.67% |
| 2021-12-31 | 3.12% |
| 2021-09-30 | 3.15% |
| 2021-06-30 | 2.80% |
| 2021-03-31 | 2.51% |
| 2020-12-31 | 2.61% |
| 2020-09-30 | 2.44% |
| 2020-06-30 | 2.29% |
| 2020-03-31 | 2.50% |
| 2019-12-31 | 2.13% |
| 2019-09-30 | 2.05% |
| 2019-06-30 | 6.92% |
| 2019-03-31 | 12.48% |
| 2018-12-31 | 14.36% |
| 2018-09-30 | 17.93% |
| 2018-06-30 | 18.52% |
| 2018-03-31 | 18.36% |
| 2017-12-31 | 16.25% |
| 2017-09-30 | 11.96% |
| 2017-06-30 | 12.27% |
| 2017-03-31 | 12.25% |
| 2016-12-31 | 11.79% |
| 2016-09-30 | 11.36% |
| 2016-06-30 | 11.15% |
| 2016-03-31 | 10.95% |
| 2015-12-31 | 10.93% |
| 2015-09-30 | 10.61% |
| 2015-06-30 | 10.12% |
| 2015-03-31 | 10.25% |
| 2014-12-31 | 10.09% |
| 2014-09-30 | 9.75% |
| 2014-06-30 | 9.49% |
| 2014-03-31 | 9.32% |
| 2013-12-31 | 8.52% |
| 2013-09-30 | 8.36% |
| 2013-06-30 | 8.10% |
| 2013-03-31 | 8.11% |
| 2012-12-31 | 9.42% |
| 2012-09-30 | 9.37% |
| 2012-06-30 | 9.43% |
| 2012-03-31 | 9.19% |
| 2011-12-31 | 8.92% |
| 2011-09-30 | 8.62% |
| 2011-06-30 | 8.37% |
| 2011-03-31 | 8.53% |
| 2010-12-31 | 8.54% |
| 2010-09-30 | 8.09% |
| 2010-06-30 | 8.38% |
| 2010-03-31 | 8.19% |
| 2009-12-31 | 8.02% |
| 2009-09-30 | 7.63% |
| 2009-06-30 | 6.58% |
| 2009-03-31 | 6.46% |
| 2008-12-31 | 6.46% |
| 2008-09-30 | 5.88% |
| 2008-06-30 | 6.10% |
| 2008-03-31 | 5.65% |
| 2007-12-31 | 5.19% |
| 2007-09-30 | 12.82% |
| 2007-06-30 | 12.90% |
| 2007-03-31 | 8.28% |
| 2006-12-31 | 8.53% |
| 2006-09-30 | 8.77% |
| 2006-06-30 | 8.25% |
| 2006-03-31 | 9.00% |
| 2005-12-31 | 8.98% |
| 2005-09-30 | 8.60% |
| 2005-06-30 | 8.77% |
| 2005-03-31 | 7.77% |
| 2004-12-31 | 5.59% |
| 2004-09-30 | 7.48% |
| 2004-06-30 | 7.23% |
| 2004-03-31 | 6.76% |
| 2003-12-31 | 6.94% |
| 2003-09-30 | 10.38% |
| 2003-06-30 | 6.63% |
