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 -3.66% is 133% below its 5-year average of 11.22%, near the low end of its 5-year range (-3.66%–20.31%).
As of the fiscal period ended Tuesday, June 30, 2026. 126.84% below its 12-month average of 13.65%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
-3.66%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
13.65%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
9.95%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
11.22%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
10.88%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
13.49%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
19.11%
CURRENT VS TTM AVG
-126.84%
CURRENT VS 3Y AVG
-136.82%
CURRENT VS 5Y AVG
-132.64%
CURRENT VS 10Y AVG
-133.68%
CURRENT VS 15Y AVG
-127.15%
CURRENT VS 20Y AVG
-119.17%
SECTOR MEDIAN · HEALTHCARE
8.75%
median of 90 covered companies
CURRENT VS SECTOR MEDIAN
-141.89%
vs the sector median at left
Gilead Sciences, Inc.
Market Cap
$182.25B
Return on Invested Capital (ROIC)
-3.66%
TTM Avg
13.65%
3Y Avg
9.95%
5Y Avg
11.22%
Market Cap
$182.82B
Return on Invested Capital (ROIC)
6.07%
TTM Avg
9.16%
3Y Avg
9.70%
5Y Avg
9.86%
Market Cap
$200.83B
Return on Invested Capital (ROIC)
30.21%
TTM Avg
34.36%
3Y Avg
43.28%
5Y Avg
43.42%
Market Cap
$158.53B
Return on Invested Capital (ROIC)
9.33%
TTM Avg
9.06%
3Y Avg
10.61%
5Y Avg
10.43%
Market Cap
$213.09B
Return on Invested Capital (ROIC)
14.22%
TTM Avg
11.04%
3Y Avg
11.80%
5Y Avg
12.80%
Market Cap
$144.95B
Return on Invested Capital (ROIC)
5.03%
TTM Avg
5.92%
3Y Avg
6.55%
5Y Avg
6.70%
Market Cap
$224.62B
Return on Invested Capital (ROIC)
7.44%
TTM Avg
7.81%
3Y Avg
8.16%
5Y Avg
9.11%
Market Cap
$134.35B
Return on Invested Capital (ROIC)
17.33%
TTM Avg
8.72%
3Y Avg
13.98%
5Y Avg
17.04%
Market Cap
$132.30B
Return on Invested Capital (ROIC)
15.47%
TTM Avg
14.35%
3Y Avg
12.24%
5Y Avg
10.38%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Gilead Sciences, Inc. (GILD) | $182.25B | -3.66% | 13.65% | 9.95% | 11.22% |
| Abbott Laboratories (ABT)vs › | $182.82B | 6.07% | 9.16% | 9.70% | 9.86% |
| Novo Nordisk A/S (NVO)vs › | $200.83B | 30.21% | 34.36% | 43.28% | 43.42% |
| Pfizer Inc. (PFE)vs › | $158.53B | 9.33% | 9.06% | 10.61% | 10.43% |
| Amgen Inc. (AMGN)vs › | $213.09B | 14.22% | 11.04% | 11.80% | 12.80% |
| Danaher Corporation (DHR)vs › | $144.95B | 5.03% | 5.92% | 6.55% | 6.70% |
| Thermo Fisher Scientific Inc. (TMO)vs › | $224.62B | 7.44% | 7.81% | 8.16% | 9.11% |
| Vertex Pharmaceuticals Incorporated (VRTX)vs › | $134.35B | 17.33% | 8.72% | 13.98% | 17.04% |
| Bristol-Myers Squibb Company (BMY)vs › | $132.30B | 15.47% | 14.35% | 12.24% | 10.38% |
| Intuitive Surgical, Inc. (ISRG)vs › | $123.94B | 15.11% | 12.85% | 12.25% | 11.92% |
ROIC
-3.7%
ROE
-27.4%
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 | -3.66% |
| 2026-03-31 | 20.31% |
| 2025-12-31 | 19.15% |
| 2025-09-30 | 17.55% |
| 2025-06-30 | 14.91% |
| 2025-03-31 | 15.32% |
| 2024-12-31 | 2.36% |
| 2024-09-30 | 1.18% |
| 2024-06-30 | 3.85% |
| 2024-03-31 | 1.85% |
| 2023-12-31 | 11.82% |
| 2023-09-30 | 12.74% |
| 2023-06-30 | 11.97% |
| 2023-03-31 | 12.56% |
| 2022-12-31 | 10.62% |
| 2022-09-30 | 8.04% |
| 2022-06-30 | 9.49% |
| 2022-03-31 | 9.96% |
| 2021-12-31 | 12.84% |
| 2021-09-30 | 15.47% |
| 2021-06-30 | 12.46% |
| 2021-03-31 | 4.18% |
| 2020-12-31 | 3.75% |
| 2020-09-30 | 3.34% |
| 2020-06-30 | -1.99% |
| 2020-03-31 | 8.42% |
| 2019-12-31 | 7.89% |
| 2019-09-30 | 5.22% |
| 2019-06-30 | 10.56% |
| 2019-03-31 | 10.75% |
| 2018-12-31 | 10.28% |
| 2018-09-30 | 9.03% |
| 2018-06-30 | 10.09% |
| 2018-03-31 | 12.03% |
| 2017-12-31 | 12.65% |
| 2017-09-30 | 21.12% |
| 2017-06-30 | 24.34% |
| 2017-03-31 | 26.38% |
| 2016-12-31 | 29.13% |
| 2016-09-30 | 33.64% |
| 2016-06-30 | 41.81% |
| 2016-03-31 | 46.11% |
| 2015-12-31 | 43.34% |
| 2015-09-30 | 41.47% |
| 2015-06-30 | 50.27% |
| 2015-03-31 | 46.39% |
| 2014-12-31 | 42.17% |
| 2014-09-30 | 39.96% |
| 2014-06-30 | 29.09% |
| 2014-03-31 | 19.97% |
| 2013-12-31 | 17.42% |
| 2013-09-30 | 17.14% |
| 2013-06-30 | 16.50% |
| 2013-03-31 | 16.50% |
| 2012-12-31 | 15.72% |
| 2012-09-30 | 15.31% |
| 2012-06-30 | 15.80% |
| 2012-03-31 | 16.13% |
| 2011-12-31 | 19.57% |
| 2011-09-30 | 27.31% |
| 2011-06-30 | 26.95% |
| 2011-03-31 | 25.21% |
| 2010-12-31 | 29.93% |
| 2010-09-30 | 32.44% |
| 2010-06-30 | 35.68% |
| 2010-03-31 | 32.96% |
| 2009-12-31 | 33.78% |
| 2009-09-30 | 34.00% |
| 2009-06-30 | 33.67% |
| 2009-03-31 | 33.34% |
| 2008-12-31 | 34.51% |
| 2008-09-30 | 31.44% |
| 2008-06-30 | 31.18% |
| 2008-03-31 | 32.96% |
| 2007-12-31 | 30.20% |
| 2007-09-30 | 1.15% |
| 2007-06-30 | -9.64% |
| 2007-03-31 | -14.60% |
| 2006-12-31 | -22.71% |
| 2006-09-30 | 14.50% |
| 2006-06-30 | 19.57% |
| 2006-03-31 | 23.73% |
| 2005-12-31 | 23.16% |
| 2005-09-30 | 23.45% |
| 2005-06-30 | 23.24% |
| 2005-03-31 | 23.08% |
| 2004-12-31 | 22.73% |
| 2004-09-30 | 27.12% |
| 2004-06-30 | 28.76% |
| 2004-03-31 | 27.96% |
| 2003-12-31 | -11.59% |
| 2003-09-30 | -20.66% |
| 2003-06-30 | -27.40% |