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 5.78% is 62% below its 5-year average of 15.19%, near the low end of its 5-year range (3.70%–34.91%).
As of the fiscal period ended Tuesday, June 30, 2026. 0.73% above its 12-month average of 5.74%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 5.78%.
RETURN ON INVESTED CAPITAL (ROIC)
5.78%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
5.74%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
10.32%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
15.19%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
8.10%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
3.24%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
+0.73%
CURRENT VS 3Y AVG
-44.01%
CURRENT VS 5Y AVG
-61.95%
CURRENT VS 10Y AVG
-28.66%
CURRENT VS 15Y AVG
+78.39%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · COMMUNICATION SERVICES
1.94%
median of 148 covered companies
CURRENT VS SECTOR MEDIAN
+197.97%
vs the sector median at left
Gogo Inc.
Market Cap
$307.67M
Return on Invested Capital (ROIC)
5.78%
TTM Avg
5.74%
3Y Avg
10.32%
5Y Avg
15.19%
Market Cap
$304.86M
Return on Invested Capital (ROIC)
3.76%
TTM Avg
-1.06%
3Y Avg
-3.43%
5Y Avg
-3.58%
Market Cap
$327.38M
Return on Invested Capital (ROIC)
7.08%
TTM Avg
15.31%
3Y Avg
7.90%
5Y Avg
5.07%
Market Cap
$352.11M
Return on Invested Capital (ROIC)
-2.57%
TTM Avg
-1.10%
3Y Avg
6.47%
5Y Avg
6.38%
Market Cap
$353.63M
Return on Invested Capital (ROIC)
5.72%
TTM Avg
2.25%
3Y Avg
3.22%
5Y Avg
4.50%
Market Cap
$259.93M
Return on Invested Capital (ROIC)
0.39%
TTM Avg
-6.02%
3Y Avg
-6.08%
5Y Avg
-7.13%
Market Cap
$258.11M
Return on Invested Capital (ROIC)
-29.21%
TTM Avg
-4.76%
3Y Avg
-4.48%
5Y Avg
-1.85%
Market Cap
$364.82M
Return on Invested Capital (ROIC)
3.55%
TTM Avg
-5.21%
3Y Avg
-12.40%
5Y Avg
-7.59%
Market Cap
$240.46M
Return on Invested Capital (ROIC)
-16.90%
TTM Avg
2.56%
3Y Avg
-0.30%
5Y Avg
-0.90%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Gogo Inc. (GOGO) | $307.67M | 5.78% | 5.74% | 10.32% | 15.19% |
| Fiverr International Ltd. (FVRR)vs › | $304.86M | 3.76% | -1.06% | -3.43% | -3.58% |
| Bumble Inc. (BMBL)vs › | $327.38M | 7.08% | 15.31% | 7.90% | 5.07% |
| Perion Network Ltd. (PERI)vs › | $352.11M | -2.57% | -1.10% | 6.47% | 6.38% |
| AMC Global Media Inc. (AMCX)vs › | $353.63M | 5.72% | 2.25% | 3.22% | 4.50% |
| iHeartMedia, Inc. (IHRT)vs › | $259.93M | 0.39% | -6.02% | -6.08% | -7.13% |
| TechTarget, Inc. (TTGT)vs › | $258.11M | -29.21% | -4.76% | -4.48% | -1.85% |
| Advantage Solutions Inc. (ADV)vs › | $364.82M | 3.55% | -5.21% | -12.40% | -7.59% |
| Angi Inc. (ANGI)vs › | $240.46M | -16.90% | 2.56% | -0.30% | -0.90% |
| The E.W. Scripps Company (SSP)vs › | $230.47M | -33.56% | 4.81% | -0.13% | 1.41% |
ROIC
5.8%
ROE
-0.7%
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) |
|---|---|
| 2026-06-30 | 5.78% |
| 2026-03-31 | 5.91% |
| 2025-12-31 | 5.97% |
| 2025-09-30 | 7.09% |
| 2025-06-30 | 3.94% |
| 2025-03-31 | 4.94% |
| 2024-12-31 | 3.70% |
| 2024-09-30 | 10.66% |
| 2024-06-30 | 11.87% |
| 2024-03-31 | 17.24% |
| 2023-12-31 | 17.32% |
| 2023-09-30 | 19.38% |
| 2023-06-30 | 20.43% |
| 2023-03-31 | 17.06% |
| 2022-12-31 | 18.16% |
| 2022-09-30 | 20.66% |
| 2022-06-30 | 20.42% |
| 2022-03-31 | 21.06% |
| 2021-12-31 | 21.21% |
| 2021-09-30 | 31.31% |
| 2021-06-30 | 34.91% |
| 2021-03-31 | 14.31% |
| 2020-12-31 | 13.24% |
| 2020-09-30 | 12.92% |
| 2020-06-30 | 6.94% |
| 2020-03-31 | 5.06% |
| 2019-12-31 | 3.82% |
| 2019-09-30 | 1.87% |
| 2019-06-30 | 0.38% |
| 2019-03-31 | -1.30% |
| 2018-12-31 | -2.79% |
| 2018-09-30 | -3.26% |
| 2018-06-30 | -4.20% |
| 2018-03-31 | -5.04% |
| 2017-12-31 | -5.91% |
| 2017-09-30 | -4.75% |
| 2017-06-30 | -4.26% |
| 2017-03-31 | -3.16% |
| 2016-12-31 | -2.68% |
| 2016-09-30 | -3.90% |
| 2016-06-30 | -4.09% |
| 2016-03-31 | -5.35% |
| 2015-12-31 | -5.42% |
| 2015-09-30 | -5.33% |
| 2015-06-30 | -5.77% |
| 2015-03-31 | -6.00% |
| 2014-12-31 | -8.09% |
| 2014-09-30 | -7.99% |
| 2014-06-30 | -8.05% |
| 2014-03-31 | -7.56% |
| 2013-12-31 | -7.61% |
| 2013-09-30 | -6.61% |
| 2013-06-30 | -6.10% |
| 2013-03-31 | -9.60% |
| 2012-12-31 | -7.69% |
| 2012-06-30 | -5.86% |
| 2012-03-31 | -10.95% |
| 2011-12-31 | -13.49% |
| 2011-09-30 | -13.55% |
