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 3.11% is 307% above its 5-year average of 0.77%, around the middle of its 5-year range (-1.06%–6.40%).
As of the fiscal period ended Tuesday, June 30, 2026. 82.39% above its 12-month average of 1.71%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 3.11%.
RETURN ON INVESTED CAPITAL (ROIC)
3.11%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
1.71%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
0.85%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
0.77%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
2.77%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
4.85%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
5.80%
CURRENT VS TTM AVG
+82.39%
CURRENT VS 3Y AVG
+265.77%
CURRENT VS 5Y AVG
+307.14%
CURRENT VS 10Y AVG
+12.27%
CURRENT VS 15Y AVG
-35.81%
CURRENT VS 20Y AVG
-46.34%
SECTOR MEDIAN · HEALTHCARE
-33.91%
median of 678 covered companies
CURRENT VS SECTOR MEDIAN
+109.18%
vs the sector median at left
ICU Medical, Inc.
Market Cap
$3.99B
Return on Invested Capital (ROIC)
3.11%
TTM Avg
1.71%
3Y Avg
0.85%
5Y Avg
0.77%
Market Cap
$4.16B
Return on Invested Capital (ROIC)
10.24%
TTM Avg
7.56%
3Y Avg
2.02%
5Y Avg
-0.82%
Market Cap
$4.17B
Return on Invested Capital (ROIC)
-17.95%
TTM Avg
-20.66%
3Y Avg
-12.14%
5Y Avg
-3.93%
Market Cap
$4.36B
Return on Invested Capital (ROIC)
-23.69%
TTM Avg
-46.07%
3Y Avg
-46.68%
5Y Avg
-46.68%
Market Cap
$4.38B
Return on Invested Capital (ROIC)
-48.57%
TTM Avg
-35.38%
3Y Avg
-31.64%
5Y Avg
-25.98%
Market Cap
$3.56B
Return on Invested Capital (ROIC)
-28.15%
TTM Avg
-46.92%
3Y Avg
-38.64%
5Y Avg
-44.96%
Market Cap
$3.56B
Return on Invested Capital (ROIC)
-17.68%
TTM Avg
-22.74%
3Y Avg
-21.16%
5Y Avg
-18.86%
Market Cap
$3.53B
Return on Invested Capital (ROIC)
-1.07%
TTM Avg
-9.16%
3Y Avg
-22.10%
5Y Avg
-20.63%
Market Cap
$4.44B
Return on Invested Capital (ROIC)
N/A
TTM Avg
37.59%
3Y Avg
8.11%
5Y Avg
6.10%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| ICU Medical, Inc. (ICUI) | $3.99B | 3.11% | 1.71% | 0.85% | 0.77% |
| LivaNova PLC (LIVN)vs › | $4.16B | 10.24% | 7.56% | 2.02% | -0.82% |
| AbCellera Biologics Inc. (ABCL)vs › | $4.17B | -17.95% | -20.66% | -12.14% | -3.93% |
| Heartflow, Inc. Common Stock (HTFL)vs › | $4.36B | -23.69% | -46.07% | -46.68% | -46.68% |
| Edgewise Therapeutics, Inc. (EWTX)vs › | $4.38B | -48.57% | -35.38% | -31.64% | -25.98% |
| Celcuity Inc. (CELC)vs › | $3.56B | -28.15% | -46.92% | -38.64% | -44.96% |
| IDEAYA Biosciences, Inc. (IDYA)vs › | $3.56B | -17.68% | -22.74% | -21.16% | -18.86% |
| iRhythm Technologies, Inc. (IRTC)vs › | $3.53B | -1.07% | -9.16% | -22.10% | -20.63% |
| Indivior Pharmaceuticals Inc (INDV)vs › | $4.44B | N/A | 37.59% | 8.11% | 6.10% |
| Adaptive Biotechnologies Corporation (ADPT)vs › | $4.44B | -6.67% | -24.96% | -29.08% | -26.21% |
ROIC
3.1%
ROE
1.4%
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 | 3.11% |
| 2026-03-31 | 2.27% |
| 2025-12-31 | 0.96% |
| 2025-09-30 | 1.14% |
| 2025-06-30 | 1.05% |
| 2025-03-31 | 1.81% |
| 2024-12-31 | 1.16% |
| 2024-09-30 | -0.18% |
| 2024-06-30 | 0.20% |
| 2024-03-31 | 0.07% |
| 2023-12-31 | 0.58% |
| 2023-09-30 | 0.87% |
| 2023-06-30 | 0.28% |
| 2023-03-31 | 0.21% |
| 2022-12-31 | -1.06% |
| 2022-09-30 | -0.47% |
| 2022-06-30 | 0.48% |
| 2022-03-31 | 1.27% |
| 2021-12-31 | 6.14% |
| 2021-09-30 | 6.40% |
| 2021-06-30 | 6.09% |
| 2021-03-31 | 5.57% |
| 2020-12-31 | 5.54% |
| 2020-09-30 | 5.28% |
| 2020-06-30 | 5.08% |
| 2020-03-31 | 5.44% |
| 2019-12-31 | 6.55% |
| 2019-09-30 | 5.03% |
| 2019-06-30 | 3.11% |
| 2019-03-31 | 3.57% |
| 2018-12-31 | 1.62% |
| 2018-09-30 | 5.61% |
| 2018-06-30 | 5.35% |
| 2018-03-31 | 0.37% |
| 2017-12-31 | -1.17% |
| 2017-09-30 | -3.23% |
| 2017-06-30 | -1.29% |
| 2017-03-31 | 3.02% |
| 2016-12-31 | 8.92% |
| 2016-09-30 | 8.44% |
| 2016-06-30 | 8.54% |
| 2016-03-31 | 8.43% |
| 2015-12-31 | 7.57% |
| 2015-09-30 | 8.04% |
| 2015-06-30 | 6.70% |
| 2015-03-31 | 5.48% |
| 2014-12-31 | 5.04% |
| 2014-09-30 | 6.36% |
| 2014-06-30 | 7.37% |
| 2014-03-31 | 7.86% |
| 2013-12-31 | 8.43% |
| 2013-09-30 | 8.82% |
| 2013-06-30 | 9.48% |
| 2013-03-31 | 10.18% |
| 2012-12-31 | 10.24% |
| 2012-09-30 | 12.06% |
| 2012-06-30 | 11.97% |
| 2012-03-31 | 12.41% |
| 2011-12-31 | 13.22% |
| 2011-09-30 | 11.31% |
| 2011-06-30 | 11.29% |
| 2011-03-31 | 11.45% |
| 2010-12-31 | 10.77% |
| 2010-09-30 | 10.32% |
| 2010-06-30 | 9.86% |
| 2010-03-31 | 9.00% |
| 2009-12-31 | 9.35% |
| 2009-09-30 | 9.32% |
| 2009-06-30 | 9.96% |
| 2009-03-31 | 9.66% |
| 2008-12-31 | 8.08% |
| 2008-09-30 | 7.20% |
| 2008-06-30 | 6.10% |
| 2008-03-31 | 6.86% |
| 2007-12-31 | 6.34% |
| 2007-09-30 | 6.53% |
| 2007-06-30 | 6.82% |
| 2007-03-31 | 7.23% |
| 2006-12-31 | 9.60% |
| 2006-09-30 | 9.64% |
| 2006-06-30 | 10.07% |
| 2006-03-31 | 9.89% |
| 2005-12-31 | 9.48% |
| 2005-09-30 | 7.70% |
| 2005-06-30 | 3.85% |
| 2005-03-31 | 3.64% |
| 2004-12-31 | 3.76% |
| 2004-09-30 | 8.07% |
| 2004-06-30 | 10.74% |
| 2004-03-31 | 11.60% |
| 2003-12-31 | 13.84% |
| 2003-09-30 | 13.81% |
| 2003-06-30 | 13.85% |
