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 -3.61% is 76% above its 5-year average of -15.31%, near the high end of its 5-year range (-27.81%–-3.61%).
As of the fiscal period ended Tuesday, June 30, 2026. 67.60% above its 12-month average of -11.13%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): -3.61%.
RETURN ON INVESTED CAPITAL (ROIC)
-3.61%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
-11.13%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
-20.18%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
-15.31%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
+67.60%
CURRENT VS 3Y AVG
+82.12%
CURRENT VS 5Y AVG
+76.43%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · TECHNOLOGY
0.38%
median of 608 covered companies
CURRENT VS SECTOR MEDIAN
-1061.88%
vs the sector median at left
nLIGHT, Inc.
Market Cap
$2.26B
Return on Invested Capital (ROIC)
-3.61%
TTM Avg
-11.13%
3Y Avg
-20.18%
5Y Avg
-15.31%
Market Cap
$2.28B
Return on Invested Capital (ROIC)
2.71%
TTM Avg
0.40%
3Y Avg
-0.07%
5Y Avg
-2.39%
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
$2.33B
Return on Invested Capital (ROIC)
9.49%
TTM Avg
7.92%
3Y Avg
8.97%
5Y Avg
8.95%
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
$2.16B
Return on Invested Capital (ROIC)
24.70%
TTM Avg
29.59%
3Y Avg
5.71%
5Y Avg
3.44%
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
$2.42B
Return on Invested Capital (ROIC)
7.59%
TTM Avg
12.62%
3Y Avg
8.27%
5Y Avg
3.46%
Market Cap
$2.42B
Return on Invested Capital (ROIC)
7.57%
TTM Avg
10.13%
3Y Avg
9.59%
5Y Avg
7.11%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| nLIGHT, Inc. (LASR) | $2.26B | -3.61% | -11.13% | -20.18% | -15.31% |
| PDF Solutions, Inc. (PDFS)vs › | $2.28B | 2.71% | 0.40% | -0.07% | -2.39% |
| Asana, Inc. (ASAN)vs › | $2.21B | -46.98% | -53.44% | -54.44% | -51.23% |
| PC Connection, Inc. (CNXN)vs › | $2.33B | 9.49% | 7.92% | 8.97% | 8.95% |
| Ichor Holdings, Ltd. (ICHR)vs › | $2.18B | -2.29% | -2.83% | 0.50% | 2.30% |
| Innodata Inc. (INOD)vs › | $2.16B | 24.70% | 29.59% | 5.71% | 3.44% |
| Schrödinger, Inc. (SDGR)vs › | $2.16B | -32.89% | -31.65% | -28.44% | -23.26% |
| Payoneer Global Inc. (PAYO)vs › | $2.42B | 7.59% | 12.62% | 8.27% | 3.46% |
| Euronet Worldwide, Inc. (EEFT)vs › | $2.42B | 7.57% | 10.13% | 9.59% | 7.11% |
| Keel Infrastructure Corp. (KEEL)vs › | $2.10B | -19.86% | -14.52% | -35.29% | -25.00% |
ROIC
-3.6%
ROE
-2.8%
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 | -3.61% |
| 2026-03-31 | -3.67% |
| 2025-12-31 | -9.60% |
| 2025-09-30 | -18.43% |
| 2025-06-30 | -20.37% |
| 2025-03-31 | -23.94% |
| 2024-12-31 | -27.81% |
| 2024-09-30 | -20.99% |
| 2024-06-30 | -20.92% |
| 2024-03-31 | -20.14% |
| 2023-12-31 | -17.06% |
| 2023-09-30 | -20.02% |
| 2023-06-30 | -19.72% |
| 2023-03-31 | -18.77% |
| 2022-12-31 | -18.70% |
| 2022-09-30 | -13.00% |
| 2022-06-30 | -10.68% |
| 2022-03-31 | -10.01% |
| 2021-12-31 | -9.22% |
| 2021-09-30 | -7.83% |
| 2021-06-30 | -6.95% |
| 2021-03-31 | -6.05% |
| 2020-12-31 | -8.68% |
| 2020-09-30 | -10.86% |
| 2020-06-30 | -9.19% |
| 2020-03-31 | -6.48% |
| 2019-12-31 | -4.40% |
| 2019-09-30 | 0.31% |
| 2019-06-30 | 1.68% |
| 2019-03-31 | 3.63% |
| 2018-12-31 | 5.98% |
| 2018-09-30 | 5.56% |
| 2018-06-30 | 6.19% |
| 2018-03-31 | 8.45% |
| 2017-12-31 | 6.44% |
