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 24.70% is 548% above its 5-year average of 3.81%, near the high end of its 5-year range (-37.14%–41.59%).
As of the fiscal period ended Tuesday, June 30, 2026. 16.10% below its 12-month average of 29.43%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 24.70%.
RETURN ON INVESTED CAPITAL (ROIC)
24.70%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
29.43%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
16.38%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
3.81%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
-3.47%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
-2.82%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
-0.59%
CURRENT VS TTM AVG
-16.10%
CURRENT VS 3Y AVG
+50.76%
CURRENT VS 5Y AVG
+547.82%
CURRENT VS 10Y AVG
+810.79%
CURRENT VS 15Y AVG
+977.06%
CURRENT VS 20Y AVG
+4320.55%
SECTOR MEDIAN · TECHNOLOGY
1.99%
median of 541 covered companies
CURRENT VS SECTOR MEDIAN
+1141.05%
vs the sector median at left
Innodata Inc.
Market Cap
$2.20B
Return on Invested Capital (ROIC)
24.70%
TTM Avg
29.43%
3Y Avg
16.38%
5Y Avg
3.81%
Market Cap
$2.18B
Return on Invested Capital (ROIC)
-2.29%
TTM Avg
-2.83%
3Y Avg
0.50%
5Y Avg
2.30%
Market Cap
$2.21B
Return on Invested Capital (ROIC)
-46.98%
TTM Avg
-53.44%
3Y Avg
-54.44%
5Y Avg
-51.23%
Market Cap
$2.16B
Return on Invested Capital (ROIC)
-32.89%
TTM Avg
-31.65%
3Y Avg
-28.44%
5Y Avg
-23.26%
Market Cap
$2.24B
Return on Invested Capital (ROIC)
-3.61%
TTM Avg
-18.70%
3Y Avg
-18.29%
5Y Avg
-15.18%
Market Cap
$2.26B
Return on Invested Capital (ROIC)
2.71%
TTM Avg
0.40%
3Y Avg
-0.07%
5Y Avg
-2.39%
Market Cap
$2.10B
Return on Invested Capital (ROIC)
3.87%
TTM Avg
-0.56%
3Y Avg
-3.25%
5Y Avg
-4.81%
Market Cap
$2.32B
Return on Invested Capital (ROIC)
9.49%
TTM Avg
7.92%
3Y Avg
8.97%
5Y Avg
8.95%
Market Cap
$2.07B
Return on Invested Capital (ROIC)
-19.86%
TTM Avg
-14.52%
3Y Avg
-35.29%
5Y Avg
-25.00%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Innodata Inc. (INOD) | $2.20B | 24.70% | 29.43% | 16.38% | 3.81% |
| Ichor Holdings, Ltd. (ICHR)vs › | $2.18B | -2.29% | -2.83% | 0.50% | 2.30% |
| Asana, Inc. (ASAN)vs › | $2.21B | -46.98% | -53.44% | -54.44% | -51.23% |
| Schrödinger, Inc. (SDGR)vs › | $2.16B | -32.89% | -31.65% | -28.44% | -23.26% |
| nLIGHT, Inc. (LASR)vs › | $2.24B | -3.61% | -18.70% | -18.29% | -15.18% |
| PDF Solutions, Inc. (PDFS)vs › | $2.26B | 2.71% | 0.40% | -0.07% | -2.39% |
| nCino, Inc. (NCNO)vs › | $2.10B | 3.87% | -0.56% | -3.25% | -4.81% |
| PC Connection, Inc. (CNXN)vs › | $2.32B | 9.49% | 7.92% | 8.97% | 8.95% |
| Keel Infrastructure Corp. (KEEL)vs › | $2.07B | -19.86% | -14.52% | -35.29% | -25.00% |
| GigaCloud Technology Inc. (GCT)vs › | $2.06B | 15.71% | 14.43% | 12.86% | 19.27% |
ROIC
24.7%
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) |
|---|---|
| 2026-06-30 | 24.70% |
| 2026-03-31 | 25.89% |
| 2025-12-31 | 25.75% |
| 2025-09-30 | 29.24% |
| 2025-06-30 | 41.59% |
| 2025-03-31 | 36.89% |
| 2024-12-31 | 33.45% |
| 2024-09-30 | 26.45% |
| 2024-06-30 | 6.21% |
| 2024-03-31 | 4.17% |
| 2023-12-31 | -0.70% |
| 2023-09-30 | -14.57% |
| 2023-06-30 | -26.11% |
| 2023-03-31 | -35.43% |
| 2022-12-31 | -37.14% |
| 2022-09-30 | -32.47% |
| 2022-06-30 | -19.24% |
| 2022-03-31 | -9.95% |
| 2021-12-31 | -3.10% |
| 2021-09-30 | 1.36% |
| 2021-06-30 | 3.08% |
| 2021-03-31 | 4.13% |
| 2020-12-31 | 2.23% |
| 2020-09-30 | 0.84% |
| 2020-06-30 | 0.56% |
| 2020-03-31 | -0.98% |
| 2019-12-31 | -2.75% |
| 2019-09-30 | -2.50% |
| 2019-06-30 | 0.78% |
| 2019-03-31 | 2.66% |
| 2018-12-31 | 4.54% |
| 2018-09-30 | -0.77% |
| 2018-06-30 | -7.55% |
| 2018-03-31 | -10.14% |
| 2017-12-31 | -14.07% |
| 2017-09-30 | -9.01% |
| 2017-06-30 | -9.88% |
| 2017-03-31 | -13.80% |
| 2016-12-31 | -9.01% |
| 2016-09-30 | -6.98% |
| 2016-06-30 | -1.83% |
| 2016-03-31 | -0.76% |
| 2015-12-31 | -5.36% |
| 2015-09-30 | -5.93% |
| 2015-06-30 | -8.00% |
| 2015-03-31 | -7.09% |
| 2014-12-31 | -3.66% |
| 2014-09-30 | -1.87% |
| 2014-06-30 | -14.93% |
| 2014-03-31 | -16.54% |
| 2013-12-31 | -18.96% |
| 2013-09-30 | -20.28% |
| 2013-06-30 | -2.24% |
| 2013-03-31 | 4.40% |
| 2012-12-31 | 10.17% |
| 2012-09-30 | 13.30% |
| 2012-06-30 | 14.22% |
| 2012-03-31 | 12.96% |
| 2011-12-31 | 7.84% |
| 2011-09-30 | 4.97% |
| 2011-06-30 | 1.85% |
| 2011-03-31 | -1.25% |
| 2010-12-31 | -3.44% |
| 2010-09-30 | -10.10% |
| 2010-06-30 | -6.62% |
| 2010-03-31 | 5.34% |
| 2009-12-31 | 16.88% |
| 2009-09-30 | 29.93% |
| 2009-06-30 | 32.46% |
| 2009-03-31 | 25.84% |
| 2008-12-31 | 15.74% |
| 2008-09-30 | 13.72% |
| 2008-06-30 | 17.04% |
| 2008-03-31 | 18.26% |
| 2007-12-31 | 14.36% |
| 2007-09-30 | 3.71% |
| 2007-06-30 | -15.93% |
| 2007-03-31 | -35.02% |
| 2006-12-31 | -37.27% |
| 2006-09-30 | -33.58% |
| 2006-06-30 | -25.91% |
| 2006-03-31 | -15.35% |
| 2005-12-31 | -8.69% |
| 2005-09-30 | 0.86% |
| 2005-06-30 | 13.82% |
| 2005-03-31 | 22.30% |
| 2004-12-31 | 28.95% |
| 2004-09-30 | 27.89% |
| 2004-06-30 | 25.17% |
| 2004-03-31 | 17.16% |
| 2003-12-31 | 2.41% |
| 2003-09-30 | -14.69% |
| 2003-06-30 | -46.30% |