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 8.19% is 61% above its 5-year average of 5.09%, near the high end of its 5-year range (2.26%–8.19%).
As of the fiscal period ended Tuesday, June 30, 2026. 14.55% above its 12-month average of 7.15%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 8.19%.
RETURN ON INVESTED CAPITAL (ROIC)
8.19%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
7.15%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
4.60%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
5.09%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
4.47%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
4.64%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
4.81%
CURRENT VS TTM AVG
+14.55%
CURRENT VS 3Y AVG
+78.30%
CURRENT VS 5Y AVG
+60.96%
CURRENT VS 10Y AVG
+83.47%
CURRENT VS 15Y AVG
+76.62%
CURRENT VS 20Y AVG
+70.29%
SECTOR MEDIAN · TECHNOLOGY
8.17%
median of 193 covered companies
CURRENT VS SECTOR MEDIAN
+0.30%
vs the sector median at left
Corning Inc
Market Cap
$134.98B
Return on Invested Capital (ROIC)
8.19%
TTM Avg
7.15%
3Y Avg
4.60%
5Y Avg
5.09%
Market Cap
$140.21B
Return on Invested Capital (ROIC)
5.54%
TTM Avg
9.17%
3Y Avg
7.47%
5Y Avg
6.18%
Market Cap
$141.72B
Return on Invested Capital (ROIC)
13.01%
TTM Avg
9.02%
3Y Avg
3.43%
5Y Avg
-2.77%
Market Cap
$127.27B
Return on Invested Capital (ROIC)
32.78%
TTM Avg
27.98%
3Y Avg
29.21%
5Y Avg
26.02%
Market Cap
$123.84B
Return on Invested Capital (ROIC)
-6.90%
TTM Avg
-5.13%
3Y Avg
-6.98%
5Y Avg
-7.11%
Market Cap
$116.44B
Return on Invested Capital (ROIC)
-24.89%
TTM Avg
-27.77%
3Y Avg
-22.54%
5Y Avg
-19.06%
Market Cap
$157.45B
Return on Invested Capital (ROIC)
40.19%
TTM Avg
39.70%
3Y Avg
19.73%
5Y Avg
12.92%
Market Cap
$107.77B
Return on Invested Capital (ROIC)
17.13%
TTM Avg
18.32%
3Y Avg
20.20%
5Y Avg
20.44%
Market Cap
$105.40B
Return on Invested Capital (ROIC)
23.85%
TTM Avg
24.26%
3Y Avg
32.39%
5Y Avg
31.71%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Corning Inc (GLW) | $134.98B | 8.19% | 7.15% | 4.60% | 5.09% |
| ServiceNow, Inc. (NOW)vs › | $140.21B | 5.54% | 9.17% | 7.47% | 6.18% |
| Uber Technologies, Inc. (UBER)vs › | $141.72B | 13.01% | 9.02% | 3.43% | -2.77% |
| Fortinet, Inc. (FTNT)vs › | $127.27B | 32.78% | 27.98% | 29.21% | 26.02% |
| Cloudflare, Inc. (NET)vs › | $123.84B | -6.90% | -5.13% | -6.98% | -7.11% |
| Snowflake Inc. (SNOW)vs › | $116.44B | -24.89% | -27.77% | -22.54% | -19.06% |
| Western Digital Corporation (WDC)vs › | $157.45B | 40.19% | 39.70% | 19.73% | 12.92% |
| Accenture plc (ACN)vs › | $107.77B | 17.13% | 18.32% | 20.20% | 20.44% |
| Automatic Data Processing, Inc. (ADP)vs › | $105.40B | 23.85% | 24.26% | 32.39% | 31.71% |
| AppLovin Corporation (APP)vs › | $104.39B | 63.79% | 50.00% | 28.59% | 18.74% |
ROIC
8.2%
ROE
15.1%
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 | 8.19% |
| 2026-03-31 | 7.89% |
| 2025-12-31 | 7.45% |
| 2025-09-30 | 6.56% |
| 2025-06-30 | 5.67% |
| 2025-03-31 | 4.18% |
| 2024-12-31 | 3.57% |
| 2024-09-30 | 2.26% |
| 2024-06-30 | 2.54% |
| 2024-03-31 | 2.75% |
| 2023-12-31 | 2.88% |
| 2023-09-30 | 2.80% |
| 2023-06-30 | 3.00% |
| 2023-03-31 | 3.77% |
| 2022-12-31 | 4.52% |
| 2022-09-30 | 6.20% |
| 2022-06-30 | 6.82% |
| 2022-03-31 | 7.00% |
| 2021-12-31 | 6.63% |
| 2021-09-30 | 6.45% |
| 2021-06-30 | 5.77% |
| 2021-03-31 | 3.28% |
| 2020-12-31 | 1.54% |
| 2020-09-30 | 0.64% |
| 2020-06-30 | 0.88% |
| 2020-03-31 | 2.12% |
| 2019-12-31 | 4.06% |
| 2019-09-30 | 5.33% |
| 2019-06-30 | 5.75% |
| 2019-03-31 | 6.29% |
| 2018-12-31 | 4.62% |
| 2018-09-30 | 3.47% |
| 2018-06-30 | 3.31% |
| 2018-03-31 | 3.18% |
| 2017-12-31 | 3.61% |
| 2017-09-30 | 4.66% |
| 2017-06-30 | 4.99% |
| 2017-03-31 | 5.89% |
| 2016-12-31 | 5.48% |
| 2016-09-30 | 3.94% |
| 2016-06-30 | 3.17% |
| 2016-03-31 | 4.20% |
| 2015-12-31 | 4.53% |
| 2015-09-30 | 5.19% |
| 2015-06-30 | 5.40% |
| 2015-03-31 | 5.30% |
| 2014-12-31 | 4.82% |
| 2014-09-30 | 3.82% |
| 2014-06-30 | 3.33% |
| 2014-03-31 | 3.55% |
| 2013-12-31 | 4.06% |
| 2013-09-30 | 5.84% |
| 2013-06-30 | 5.93% |
| 2013-03-31 | 5.67% |
| 2012-12-31 | 5.45% |
| 2012-09-30 | 3.90% |
| 2012-06-30 | 4.62% |
| 2012-03-31 | 5.06% |
| 2011-12-31 | 5.74% |
| 2011-09-30 | 7.06% |
| 2011-06-30 | 6.42% |
| 2011-03-31 | 6.89% |
| 2010-12-31 | 6.97% |
| 2010-09-30 | 5.69% |
| 2010-06-30 | 5.75% |
| 2010-03-31 | 4.99% |
| 2009-12-31 | 1.97% |
| 2009-09-30 | 0.87% |
| 2009-06-30 | 1.58% |
| 2009-03-31 | 2.90% |
| 2008-12-31 | 8.80% |
| 2008-09-30 | 11.02% |
| 2008-06-30 | 11.12% |
| 2008-03-31 | 11.91% |
| 2007-12-31 | 8.49% |
| 2007-09-30 | 8.82% |
| 2007-06-30 | 7.08% |
| 2007-03-31 | 6.86% |
| 2006-12-31 | 6.51% |
| 2006-09-30 | 4.08% |
| 2006-06-30 | 4.07% |
| 2006-03-31 | 2.96% |
| 2005-12-31 | 3.73% |
| 2005-09-30 | 2.87% |
| 2005-06-30 | -15.57% |
| 2005-03-31 | -16.46% |
| 2004-12-31 | -18.50% |
| 2004-09-30 | -26.70% |
| 2004-06-30 | -3.81% |
| 2004-03-31 | -5.75% |
| 2003-12-31 | -7.01% |
| 2003-09-30 | -20.73% |
| 2003-06-30 | -23.36% |