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 22.46% is 14% below its 5-year average of 26.00%, near the low end of its 5-year range (21.75%–53.89%).
As of the fiscal period ended Friday, July 31, 2026. 2.87% below its 12-month average of 23.13%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
22.46%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
23.13%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
24.61%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
26.00%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
32.37%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
23.88%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
20.92%
CURRENT VS TTM AVG
-2.87%
CURRENT VS 3Y AVG
-8.70%
CURRENT VS 5Y AVG
-13.59%
CURRENT VS 10Y AVG
-30.61%
CURRENT VS 15Y AVG
-5.94%
CURRENT VS 20Y AVG
+7.37%
SECTOR MEDIAN · TECHNOLOGY
8.17%
median of 193 covered companies
CURRENT VS SECTOR MEDIAN
+174.95%
vs the sector median at left
HP Inc.
Market Cap
$28.51B
Return on Invested Capital (ROIC)
22.46%
TTM Avg
23.13%
3Y Avg
24.61%
5Y Avg
26.00%
Market Cap
$28.63B
Return on Invested Capital (ROIC)
-0.36%
TTM Avg
-5.98%
3Y Avg
-9.86%
5Y Avg
-12.39%
Market Cap
$28.28B
Return on Invested Capital (ROIC)
8.02%
TTM Avg
7.86%
3Y Avg
5.69%
5Y Avg
9.46%
Market Cap
$28.05B
Return on Invested Capital (ROIC)
7.32%
TTM Avg
6.74%
3Y Avg
6.77%
5Y Avg
6.73%
Market Cap
$27.84B
Return on Invested Capital (ROIC)
3.03%
TTM Avg
0.68%
3Y Avg
-4.04%
5Y Avg
-5.57%
Market Cap
$27.67B
Return on Invested Capital (ROIC)
5.23%
TTM Avg
9.06%
3Y Avg
13.88%
5Y Avg
12.30%
Market Cap
$27.12B
Return on Invested Capital (ROIC)
6.47%
TTM Avg
8.44%
3Y Avg
7.30%
5Y Avg
5.83%
Market Cap
$26.99B
Return on Invested Capital (ROIC)
12.43%
TTM Avg
12.84%
3Y Avg
13.67%
5Y Avg
13.33%
Market Cap
$26.61B
Return on Invested Capital (ROIC)
8.92%
TTM Avg
9.77%
3Y Avg
10.34%
5Y Avg
10.06%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| HP Inc. (HPQ) | $28.51B | 22.46% | 23.13% | 24.61% | 26.00% |
| MongoDB, Inc. (MDB)vs › | $28.63B | -0.36% | -5.98% | -9.86% | -12.39% |
| Zoom Communications, Inc. (ZM)vs › | $28.28B | 8.02% | 7.86% | 5.69% | 9.46% |
| Teledyne Technologies Incorporated (TDY)vs › | $28.05B | 7.32% | 6.74% | 6.77% | 6.73% |
| Okta, Inc. (OKTA)vs › | $27.84B | 3.03% | 0.68% | -4.04% | -5.57% |
| ON Semiconductor Corporation (ON)vs › | $27.67B | 5.23% | 9.06% | 13.88% | 12.30% |
| Fiserv, Inc. (FISV)vs › | $27.12B | 6.47% | 8.44% | 7.30% | 5.83% |
| Cognizant Technology Solutions Corporation (CTSH)vs › | $26.99B | 12.43% | 12.84% | 13.67% | 13.33% |
| Corpay, Inc. (CPAY)vs › | $26.61B | 8.92% | 9.77% | 10.34% | 10.06% |
| Zscaler, Inc. (ZS)vs › | $26.19B | -2.72% | -2.97% | -5.22% | -8.94% |
ROIC
22.5%
ROE
N/A
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 | 22.46% |
| 2026-04-30 | 22.75% |
| 2026-01-31 | 22.56% |
| 2025-10-31 | 23.36% |
| 2025-07-31 | 24.51% |
| 2025-04-30 | 21.75% |
| 2025-01-31 | 24.60% |
| 2024-10-31 | 25.59% |
| 2024-07-31 | 26.91% |
| 2024-04-30 | 26.34% |
| 2024-01-31 | 29.54% |
| 2023-10-31 | 27.11% |
| 2023-07-31 | 22.39% |
| 2023-04-30 | 24.55% |
| 2023-01-31 | 24.84% |
| 2022-10-31 | 26.96% |
| 2022-07-31 | 33.71% |
| 2022-04-30 | 38.01% |
| 2022-01-31 | 49.11% |
| 2021-10-31 | 43.24% |
| 2021-07-31 | 53.89% |
| 2021-04-30 | 51.15% |
| 2021-01-31 | 42.90% |
| 2020-10-31 | 33.36% |
| 2020-07-31 | 31.29% |
| 2020-04-30 | 36.96% |
| 2020-01-31 | 43.80% |
| 2019-10-31 | 45.45% |
| 2019-07-31 | 48.81% |
| 2019-04-30 | 43.39% |
| 2019-01-31 | 45.38% |
| 2018-10-31 | 36.01% |
| 2018-07-31 | 33.14% |
| 2018-04-30 | 35.21% |
| 2018-01-31 | 27.08% |
| 2017-10-31 | 23.45% |
| 2017-07-31 | 20.83% |
| 2017-04-30 | 23.65% |
| 2017-01-31 | 25.42% |
| 2016-10-31 | 24.47% |
| 2016-07-31 | 41.31% |
| 2016-04-30 | 42.22% |
| 2016-01-31 | 40.00% |
| 2015-10-31 | 6.03% |
| 2015-07-31 | 5.60% |
| 2015-04-30 | 6.57% |
| 2015-01-31 | 7.77% |
| 2014-10-31 | 8.73% |
| 2014-07-31 | 8.75% |
| 2014-04-30 | 9.02% |
| 2014-01-31 | 8.50% |
| 2013-10-31 | 8.47% |
| 2013-07-31 | -1.90% |
| 2013-04-30 | -17.47% |
| 2013-01-31 | -16.50% |
| 2012-10-31 | -16.08% |
| 2012-07-31 | -4.82% |
| 2012-04-30 | 6.74% |
| 2012-01-31 | 7.50% |
| 2011-10-31 | 8.74% |
| 2011-07-31 | 11.70% |
| 2011-04-30 | 11.60% |
| 2011-01-31 | 11.84% |
| 2010-10-31 | 11.16% |
| 2010-07-31 | 11.60% |
| 2010-04-30 | 11.65% |
| 2010-01-31 | 11.58% |
| 2009-10-31 | 11.25% |
| 2009-07-31 | 10.91% |
| 2009-04-30 | 11.16% |
| 2009-01-31 | 11.39% |
| 2008-10-31 | 11.80% |
| 2008-07-31 | 14.33% |
| 2008-04-30 | 14.24% |
| 2008-01-31 | 13.90% |
| 2007-10-31 | 13.11% |
| 2007-07-31 | 12.28% |
| 2007-04-30 | 11.55% |
| 2007-01-31 | 11.91% |
| 2006-10-31 | 11.58% |
| 2006-07-31 | 9.07% |
| 2006-04-30 | 6.89% |
| 2006-01-31 | 5.47% |
| 2005-10-31 | 4.93% |
| 2005-07-31 | 6.43% |
| 2005-04-30 | 7.38% |
| 2005-01-31 | 7.24% |
| 2004-10-31 | 7.04% |
| 2004-07-31 | 6.63% |
| 2004-04-30 | 6.09% |
| 2004-01-31 | 5.63% |
| 2003-10-31 | 5.18% |
| 2003-07-31 | 4.19% |
