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 35.75% is in line with its 5-year average of 33.54%, near the high end of its 5-year range (26.75%–37.06%).
As of the fiscal period ended Tuesday, June 30, 2026. 1.76% below its 12-month average of 36.39%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
35.75%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
36.39%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
33.30%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
33.54%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
27.56%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
23.82%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
20.63%
CURRENT VS TTM AVG
-1.76%
CURRENT VS 3Y AVG
+7.34%
CURRENT VS 5Y AVG
+6.59%
CURRENT VS 10Y AVG
+29.69%
CURRENT VS 15Y AVG
+50.05%
CURRENT VS 20Y AVG
+73.29%
SECTOR MEDIAN · TECHNOLOGY
8.17%
median of 193 covered companies
CURRENT VS SECTOR MEDIAN
+337.52%
vs the sector median at left
KLA Corporation
Market Cap
$238.75B
Return on Invested Capital (ROIC)
35.75%
TTM Avg
36.39%
3Y Avg
33.30%
5Y Avg
33.54%
Market Cap
$237.26B
Return on Invested Capital (ROIC)
18.81%
TTM Avg
15.57%
3Y Avg
22.12%
5Y Avg
25.71%
Market Cap
$245.95B
Return on Invested Capital (ROIC)
21.80%
TTM Avg
22.69%
3Y Avg
23.35%
5Y Avg
21.10%
Market Cap
$249.13B
Return on Invested Capital (ROIC)
13.02%
TTM Avg
8.86%
3Y Avg
7.92%
5Y Avg
8.43%
Market Cap
$217.97B
Return on Invested Capital (ROIC)
10.12%
TTM Avg
9.80%
3Y Avg
8.91%
5Y Avg
7.63%
Market Cap
$264.42B
Return on Invested Capital (ROIC)
64.29%
TTM Avg
64.29%
3Y Avg
16.19%
5Y Avg
7.93%
Market Cap
$213.04B
Return on Invested Capital (ROIC)
-1.57%
TTM Avg
-2.75%
3Y Avg
-3.01%
5Y Avg
-3.90%
Market Cap
$207.48B
Return on Invested Capital (ROIC)
5.44%
TTM Avg
1.03%
3Y Avg
-0.05%
5Y Avg
-0.75%
Market Cap
$271.80B
Return on Invested Capital (ROIC)
1.03%
TTM Avg
3.35%
3Y Avg
3.82%
5Y Avg
1.38%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| KLA Corporation (KLAC) | $238.75B | 35.75% | 36.39% | 33.30% | 33.54% |
| Texas Instruments Incorporated (TXN)vs › | $237.26B | 18.81% | 15.57% | 22.12% | 25.71% |
| Arista Networks, Inc. (ANET)vs › | $245.95B | 21.80% | 22.69% | 23.35% | 21.10% |
| SAP SE (SAP)vs › | $249.13B | 13.02% | 8.86% | 7.92% | 8.43% |
| International Business Machines Corporation (IBM)vs › | $217.97B | 10.12% | 9.80% | 8.91% | 7.63% |
| Sandisk Corporation (SNDK)vs › | $264.42B | 64.29% | 64.29% | 16.19% | 7.93% |
| CrowdStrike Holdings, Inc. (CRWD)vs › | $213.04B | -1.57% | -2.75% | -3.01% | -3.90% |
| Marvell Technology, Inc. (MRVL)vs › | $207.48B | 5.44% | 1.03% | -0.05% | -0.75% |
| Palo Alto Networks, Inc. (PANW)vs › | $271.80B | 1.03% | 3.35% | 3.82% | 1.38% |
| Seagate Technology Holdings plc (STX)vs › | $204.68B | 51.40% | 51.40% | 30.73% | 23.51% |
ROIC
35.7%
ROE
76.1%
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 | 35.75% |
| 2026-03-31 | 36.08% |
| 2025-12-31 | 36.45% |
| 2025-09-30 | 37.06% |
| 2025-06-30 | 36.60% |
| 2025-03-31 | 36.26% |
| 2024-12-31 | 34.04% |
| 2024-09-30 | 29.65% |
| 2024-06-30 | 28.19% |
| 2024-03-31 | 27.07% |
| 2023-12-31 | 29.34% |
| 2023-09-30 | 31.85% |
| 2023-06-30 | 34.57% |
| 2023-03-31 | 35.72% |
| 2022-12-31 | 36.00% |
| 2022-09-30 | 34.15% |
| 2022-06-30 | 35.75% |
| 2022-03-31 | 35.87% |
| 2021-12-31 | 34.94% |
| 2021-09-30 | 32.17% |
| 2021-06-30 | 26.75% |
| 2021-03-31 | 25.27% |
| 2020-12-31 | 22.62% |
| 2020-09-30 | 22.33% |
| 2020-06-30 | 21.41% |
| 2020-03-31 | 19.58% |
| 2019-12-31 | 16.73% |
| 2019-09-30 | 16.33% |
| 2019-06-30 | 16.82% |
| 2019-03-31 | 17.72% |
| 2018-12-31 | 33.91% |
| 2018-09-30 | 22.15% |
| 2018-06-30 | 19.25% |
| 2018-03-31 | 18.29% |
| 2017-12-31 | 18.43% |
| 2017-09-30 | 24.81% |
| 2017-06-30 | 22.44% |
| 2017-03-31 | 23.63% |
| 2016-12-31 | 22.74% |
| 2016-09-30 | 21.44% |
| 2016-06-30 | 19.91% |
| 2016-03-31 | 17.52% |
| 2015-12-31 | 16.70% |
| 2015-09-30 | 16.57% |
| 2015-06-30 | 14.52% |
| 2015-03-31 | 13.21% |
| 2014-12-31 | 14.23% |
| 2014-09-30 | 12.75% |
| 2014-06-30 | 13.19% |
| 2014-03-31 | 13.52% |
| 2013-12-31 | 12.97% |
| 2013-09-30 | 12.36% |
| 2013-06-30 | 12.97% |
| 2013-03-31 | 15.75% |
| 2012-12-31 | 16.96% |
| 2012-09-30 | 17.17% |
| 2012-06-30 | 18.61% |
| 2012-03-31 | 19.28% |
| 2011-12-31 | 20.33% |
| 2011-09-30 | 22.59% |
| 2011-06-30 | 21.89% |
| 2011-03-31 | 19.46% |
| 2010-12-31 | 16.22% |
| 2010-09-30 | 11.62% |
| 2010-06-30 | 7.31% |
| 2010-03-31 | 2.97% |
| 2009-12-31 | -1.45% |
| 2009-09-30 | -19.47% |
| 2009-06-30 | -18.98% |
| 2009-03-31 | -14.49% |
| 2008-12-31 | -7.62% |
| 2008-09-30 | 6.91% |
| 2008-06-30 | 8.21% |
| 2008-03-31 | 11.92% |
| 2007-12-31 | 13.23% |
| 2007-09-30 | 13.09% |
| 2007-06-30 | 12.92% |
| 2007-03-31 | 13.01% |
| 2006-12-31 | 9.67% |
| 2006-09-30 | 9.70% |
| 2006-06-30 | 8.63% |
| 2006-03-31 | 8.73% |
| 2005-12-31 | 10.13% |
| 2005-09-30 | 12.22% |
| 2005-06-30 | 14.25% |
| 2005-03-31 | 14.56% |
| 2004-12-31 | 13.36% |
| 2004-09-30 | 11.34% |
| 2004-06-30 | 8.49% |
| 2004-03-31 | 6.20% |
| 2003-12-31 | 4.60% |
| 2003-09-30 | 3.97% |
| 2003-06-30 | 4.76% |
