Basis: Latest reported fiscal year. 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 10.37% is 37% above its 5-year average of 7.58%, near the high end of its 5-year range (3.75%–10.37%).
As of the fiscal period ended Wednesday, December 31, 2025. 6.14% above its 12-month average of 9.77%.
Annual fiscal-year return on invested capital; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
10.37%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
9.77%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
8.86%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
7.58%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
9.26%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
12.50%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
12.47%
CURRENT VS TTM AVG
+6.14%
CURRENT VS 3Y AVG
+17.04%
CURRENT VS 5Y AVG
+36.78%
CURRENT VS 10Y AVG
+12.04%
CURRENT VS 15Y AVG
-17.06%
CURRENT VS 20Y AVG
-16.87%
SECTOR MEDIAN · TECHNOLOGY
8.08%
median of 177 covered companies
CURRENT VS SECTOR MEDIAN
+28.34%
vs the sector median at left
International Business Machines Corporation
Market Cap
$201.80B
Return on Invested Capital (ROIC)
10.37%
TTM Avg
9.77%
3Y Avg
8.86%
5Y Avg
7.58%
Market Cap
$190.97B
Return on Invested Capital (ROIC)
34.14%
TTM Avg
20.39%
3Y Avg
16.53%
5Y Avg
18.43%
Market Cap
$212.74B
Return on Invested Capital (ROIC)
-11.89%
TTM Avg
-7.87%
3Y Avg
-6.16%
5Y Avg
-4.92%
Market Cap
$187.82B
Return on Invested Capital (ROIC)
15.12%
TTM Avg
15.01%
3Y Avg
15.20%
5Y Avg
14.59%
Market Cap
$186.63B
Return on Invested Capital (ROIC)
-4.24%
TTM Avg
-1.77%
3Y Avg
-2.52%
5Y Avg
-3.57%
Market Cap
$186.44B
Return on Invested Capital (ROIC)
12.45%
TTM Avg
8.84%
3Y Avg
7.80%
5Y Avg
8.33%
Market Cap
$219.08B
Return on Invested Capital (ROIC)
22.64%
TTM Avg
22.69%
3Y Avg
23.35%
5Y Avg
21.10%
Market Cap
$181.13B
Return on Invested Capital (ROIC)
5.42%
TTM Avg
4.73%
3Y Avg
5.66%
5Y Avg
5.29%
Market Cap
$179.17B
Return on Invested Capital (ROIC)
21.53%
TTM Avg
9.75%
3Y Avg
6.22%
5Y Avg
5.25%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| International Business Machines Corporation (IBM) | $201.80B | 10.37% | 9.77% | 8.86% | 7.58% |
| Seagate Technology Holdings plc (STX)vs › | $190.97B | 34.14% | 20.39% | 16.53% | 18.43% |
| Sandisk Corporation (SNDK)vs › | $212.74B | -11.89% | -7.87% | -6.16% | -4.92% |
| Amphenol Corporation (APH)vs › | $187.82B | 15.12% | 15.01% | 15.20% | 14.59% |
| CrowdStrike Holdings, Inc. (CRWD)vs › | $186.63B | -4.24% | -1.77% | -2.52% | -3.57% |
| SAP SE (SAP)vs › | $186.44B | 12.45% | 8.84% | 7.80% | 8.33% |
| Arista Networks, Inc. (ANET)vs › | $219.08B | 22.64% | 22.69% | 23.35% | 21.10% |
| Analog Devices, Inc. (ADI)vs › | $181.13B | 5.42% | 4.73% | 5.66% | 5.29% |
| Western Digital Corporation (WDC)vs › | $179.17B | 21.53% | 9.75% | 6.22% | 5.25% |
| QUALCOMM Incorporated (QCOM)vs › | $175.99B | 13.15% | 17.25% | 21.91% | 22.63% |
ROIC
10.4%
ROE
31.1%
ROIC = NOPAT / Invested Capital
Return on invested capital measures the after-tax return a company earns on all capital (debt and equity) invested in the business.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | RETURN ON INVESTED CAPITAL (ROIC) |
|---|---|
| 2025-12-31 | 10.37% |
| 2024-12-31 | 9.17% |
| 2023-12-31 | 7.84% |
| 2022-12-31 | 8.06% |
| 2021-12-31 | 6.30% |
| 2020-12-31 | 3.75% |
| 2019-12-31 | 6.00% |
| 2018-12-31 | 10.66% |
| 2017-12-31 | 6.99% |
| 2016-12-31 | 15.94% |
| 2015-12-31 | 16.73% |
| 2014-12-31 | 19.63% |
| 2013-12-31 | 19.29% |
| 2012-12-31 | 20.45% |
| 2011-12-31 | 19.99% |
| 2010-12-31 | 18.87% |
| 2009-12-31 | 16.31% |
| 2008-12-31 | 15.02% |
| 2007-12-31 | 11.00% |
| 2006-12-31 | 11.71% |
| 2005-12-31 | 7.88% |
| 2004-12-31 | 8.72% |
| 2003-12-31 | 8.22% |
| 2002-12-31 | 7.09% |
| 2001-12-31 | 10.89% |
| 2000-12-31 | 13.14% |
| 1999-12-31 | 12.59% |
| 1998-12-31 | 10.15% |
| 1997-12-31 | 10.03% |
| 1996-12-31 | 6.39% |
