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 13.74% is 228% above its 5-year average of -10.70%, near the high end of its 5-year range (-57.74%–23.36%).
As of the fiscal period ended Sunday, June 28, 2026. 9.10% below its 12-month average of 15.12%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-28): 13.74%.
RETURN ON INVESTED CAPITAL (ROIC)
13.74%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
15.12%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
-3.96%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
-10.70%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
2.21%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
8.93%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
7.28%
CURRENT VS TTM AVG
-9.10%
CURRENT VS 3Y AVG
+447.30%
CURRENT VS 5Y AVG
+228.39%
CURRENT VS 10Y AVG
+520.68%
CURRENT VS 15Y AVG
+53.83%
CURRENT VS 20Y AVG
+88.67%
SECTOR MEDIAN · HEALTHCARE
8.40%
median of 98 covered companies
CURRENT VS SECTOR MEDIAN
+63.59%
vs the sector median at left
Illumina, Inc.
Market Cap
$41.31B
Return on Invested Capital (ROIC)
13.74%
TTM Avg
15.12%
3Y Avg
-3.96%
5Y Avg
-10.70%
Market Cap
$40.89B
Return on Invested Capital (ROIC)
41.33%
TTM Avg
37.21%
3Y Avg
35.10%
5Y Avg
36.21%
Market Cap
$41.75B
Return on Invested Capital (ROIC)
1.34%
TTM Avg
18.13%
3Y Avg
20.89%
5Y Avg
23.01%
Market Cap
$42.50B
Return on Invested Capital (ROIC)
8.32%
TTM Avg
8.41%
3Y Avg
8.23%
5Y Avg
6.99%
Market Cap
$46.04B
Return on Invested Capital (ROIC)
6.79%
TTM Avg
3.17%
3Y Avg
0.33%
5Y Avg
-0.73%
Market Cap
$46.63B
Return on Invested Capital (ROIC)
4.52%
TTM Avg
3.25%
3Y Avg
5.37%
5Y Avg
7.01%
Market Cap
$47.38B
Return on Invested Capital (ROIC)
11.88%
TTM Avg
12.59%
3Y Avg
13.58%
5Y Avg
12.74%
Market Cap
$48.72B
Return on Invested Capital (ROIC)
3.72%
TTM Avg
4.38%
3Y Avg
4.32%
5Y Avg
3.88%
Market Cap
$49.03B
Return on Invested Capital (ROIC)
10.22%
TTM Avg
11.08%
3Y Avg
14.46%
5Y Avg
15.87%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Illumina, Inc. (ILMN) | $41.31B | 13.74% | 15.12% | -3.96% | -10.70% |
| IDEXX Laboratories, Inc. (IDXX)vs › | $40.89B | 41.33% | 37.21% | 35.10% | 36.21% |
| Waters Corporation (WAT)vs › | $41.75B | 1.34% | 18.13% | 20.89% | 23.01% |
| IQVIA Holdings Inc. (IQV)vs › | $42.50B | 8.32% | 8.41% | 8.23% | 6.99% |
| Teva Pharmaceutical Industries Limited (TEVA)vs › | $46.04B | 6.79% | 3.17% | 0.33% | -0.73% |
| Humana Inc. (HUM)vs › | $46.63B | 4.52% | 3.25% | 5.37% | 7.01% |
| Agilent Technologies, Inc. (A)vs › | $47.38B | 11.88% | 12.59% | 13.58% | 12.74% |
| Becton, Dickinson and Company (BDX)vs › | $48.72B | 3.72% | 4.38% | 4.32% | 3.88% |
| Edwards Lifesciences Corporation (EW)vs › | $49.03B | 10.22% | 11.08% | 14.46% | 15.87% |
| Biogen Inc. (BIIB)vs › | $32.49B | 4.28% | 7.71% | 8.64% | 10.90% |
ROIC
13.7%
ROE
29.1%
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) |
|---|---|
| 2026-06-28 | 13.74% |
| 2026-03-29 | 13.45% |
| 2025-12-28 | 12.59% |
| 2025-09-28 | 12.44% |
| 2025-06-29 | 23.36% |
| 2025-03-30 | -9.59% |
| 2024-12-29 | -15.09% |
| 2024-09-29 | -22.91% |
| 2024-06-30 | -57.74% |
| 2024-03-31 | -13.04% |
| 2023-12-31 | -12.40% |
| 2023-10-01 | -11.84% |
| 2023-07-02 | -38.20% |
| 2023-04-02 | -42.53% |
| 2022-12-31 | -38.68% |
| 2022-10-02 | -40.47% |
| 2022-07-03 | -3.56% |
| 2022-04-03 | -0.76% |
| 2021-12-31 | -0.75% |
| 2021-10-03 | -0.19% |
| 2021-07-04 | 7.42% |
| 2021-04-04 | 5.40% |
| 2020-12-31 | 6.43% |
| 2020-09-27 | 8.05% |
| 2020-06-28 | 10.12% |
| 2020-03-29 | 12.69% |
| 2019-12-31 | 13.03% |
| 2019-09-29 | 12.56% |
| 2019-06-30 | 11.69% |
| 2019-03-31 | 11.36% |
| 2018-12-31 | 12.33% |
| 2018-09-30 | 10.56% |
| 2018-07-01 | 11.59% |
| 2018-04-01 | 10.72% |
| 2017-12-31 | 8.71% |
| 2017-10-01 | 9.04% |
| 2017-07-02 | 8.87% |
| 2017-04-02 | 9.68% |
| 2016-12-31 | 12.53% |
| 2016-10-02 | 12.32% |
| 2016-07-03 | 13.12% |
| 2016-04-03 | 13.21% |
| 2015-12-31 | 15.25% |
| 2015-09-27 | 16.38% |
| 2015-06-28 | 15.44% |
| 2015-03-29 | 15.31% |
| 2014-12-31 | 13.88% |
| 2014-09-28 | 10.54% |
| 2014-06-29 | 8.41% |
| 2014-03-30 | 7.05% |
| 2013-12-31 | 3.87% |
| 2013-09-29 | 4.02% |
| 2013-06-30 | 3.89% |
| 2013-03-31 | 3.40% |
| 2012-12-31 | 5.93% |
| 2012-09-30 | 5.09% |
| 2012-07-01 | 4.97% |
| 2012-04-01 | 5.68% |
| 2011-12-31 | 6.63% |
| 2011-10-02 | 8.86% |
| 2011-07-03 | 8.77% |
| 2011-04-03 | 8.74% |
| 2010-12-31 | 8.82% |
| 2010-10-03 | 6.89% |
| 2010-07-04 | 5.93% |
| 2010-04-04 | 6.03% |
| 2009-12-31 | 6.22% |
| 2009-09-27 | 6.55% |
| 2009-06-28 | 4.83% |
| 2009-03-29 | 4.34% |
| 2008-12-31 | 3.90% |
| 2008-09-28 | 0.73% |
| 2008-06-29 | 2.84% |
| 2008-03-30 | 1.64% |
| 2007-12-31 | -36.64% |
| 2007-09-30 | -34.44% |
| 2007-07-01 | -36.20% |
| 2007-04-01 | -38.16% |
| 2006-12-31 | 13.29% |
| 2006-10-01 | 8.82% |
| 2006-07-02 | 1.97% |
| 2006-04-02 | -23.43% |
| 2005-12-31 | -27.14% |
| 2005-10-02 | -23.86% |
| 2005-07-03 | -24.52% |
| 2005-04-03 | -4.44% |
| 2004-12-31 | -7.27% |
| 2004-10-03 | -17.07% |
| 2004-06-27 | -15.12% |
| 2004-03-28 | -23.65% |
| 2003-12-31 | -29.04% |
| 2003-09-28 | -120.57% |
| 2003-06-29 | -95.95% |
