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 -9.02% is 53% above its 5-year average of -19.05%, near the high end of its 5-year range (-97.14%–-4.86%).
As of the fiscal period ended Friday, July 31, 2026. 14.00% below its 12-month average of -7.92%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2027 (2026-07-31): -9.02%.
RETURN ON INVESTED CAPITAL (ROIC)
-9.02%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
-7.92%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
-17.50%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
-19.05%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
-14.00%
CURRENT VS 3Y AVG
+48.42%
CURRENT VS 5Y AVG
+52.63%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · TECHNOLOGY
8.17%
median of 193 covered companies
CURRENT VS SECTOR MEDIAN
-210.46%
vs the sector median at left
GitLab Inc.
Market Cap
$7.91B
Return on Invested Capital (ROIC)
-9.02%
TTM Avg
-7.92%
3Y Avg
-17.50%
5Y Avg
-19.05%
Market Cap
$8.14B
Return on Invested Capital (ROIC)
-3.49%
TTM Avg
-11.35%
3Y Avg
-13.11%
5Y Avg
-12.97%
Market Cap
$7.68B
Return on Invested Capital (ROIC)
18.36%
TTM Avg
16.70%
3Y Avg
16.39%
5Y Avg
14.74%
Market Cap
$7.56B
Return on Invested Capital (ROIC)
-2.21%
TTM Avg
-4.08%
3Y Avg
-10.55%
5Y Avg
-11.25%
Market Cap
$7.54B
Return on Invested Capital (ROIC)
-17.52%
TTM Avg
-18.38%
3Y Avg
-20.29%
5Y Avg
-20.97%
Market Cap
$7.36B
Return on Invested Capital (ROIC)
2.53%
TTM Avg
-2.96%
3Y Avg
-30.48%
5Y Avg
-34.20%
Market Cap
$7.30B
Return on Invested Capital (ROIC)
26.85%
TTM Avg
22.73%
3Y Avg
5.80%
5Y Avg
3.92%
Market Cap
$7.25B
Return on Invested Capital (ROIC)
-9.29%
TTM Avg
-7.54%
3Y Avg
-7.19%
5Y Avg
-9.83%
Market Cap
$8.62B
Return on Invested Capital (ROIC)
16.87%
TTM Avg
23.00%
3Y Avg
16.70%
5Y Avg
12.52%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| GitLab Inc. (GTLB) | $7.91B | -9.02% | -7.92% | -17.50% | -19.05% |
| Applied Optoelectronics, Inc. (AAOI)vs › | $8.14B | -3.49% | -11.35% | -13.11% | -12.97% |
| Paylocity Holding Corporation (PCTY)vs › | $7.68B | 18.36% | 16.70% | 16.39% | 14.74% |
| Applied Digital Corp. (APLD)vs › | $7.56B | -2.21% | -4.08% | -10.55% | -11.25% |
| SentinelOne, Inc. (S)vs › | $7.54B | -17.52% | -18.38% | -20.29% | -20.97% |
| Zeta Global Holdings Corp. (ZETA)vs › | $7.36B | 2.53% | -2.96% | -30.48% | -34.20% |
| AppFolio Inc. (APPF)vs › | $7.30B | 26.85% | 22.73% | 5.80% | 3.92% |
| Cipher Mining Inc. (CIFR)vs › | $7.25B | -9.29% | -7.54% | -7.19% | -9.83% |
| InterDigital, Inc. (IDCC)vs › | $8.62B | 16.87% | 23.00% | 16.70% | 12.52% |
| Plexus Corp. (PLXS)vs › | $7.04B | 10.63% | 9.91% | 9.71% | 9.84% |
ROIC
-9.0%
ROE
-5.7%
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) |
|---|---|
| 2026-07-31 | -9.02% |
| 2026-04-30 | -4.86% |
| 2026-01-31 | -6.58% |
| 2025-10-31 | -8.42% |
| 2025-07-31 | -10.69% |
| 2025-04-30 | -13.97% |
| 2025-01-31 | -16.71% |
| 2024-10-31 | -20.08% |
| 2024-07-31 | -23.93% |
| 2024-04-30 | -28.26% |
| 2024-01-31 | -29.09% |
| 2023-10-31 | -31.02% |
| 2023-07-31 | -24.83% |
| 2023-04-30 | -26.58% |
| 2023-01-31 | -24.50% |
| 2022-10-31 | -24.04% |
| 2022-07-31 | -20.87% |
| 2022-04-30 | -16.87% |
| 2022-01-31 | -15.17% |
| 2021-10-31 | -25.51% |
| 2021-07-31 | -97.14% |
