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 40.77% is 23% above its 5-year average of 33.20%, near the high end of its 5-year range (23.59%–42.79%).
As of the fiscal period ended Sunday, June 28, 2026. 5.90% above its 12-month average of 38.49%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
40.77%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
38.49%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
31.56%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
33.20%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
26.84%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
20.73%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
19.56%
CURRENT VS TTM AVG
+5.90%
CURRENT VS 3Y AVG
+29.18%
CURRENT VS 5Y AVG
+22.80%
CURRENT VS 10Y AVG
+51.86%
CURRENT VS 15Y AVG
+96.64%
CURRENT VS 20Y AVG
+108.37%
SECTOR MEDIAN · TECHNOLOGY
8.17%
median of 193 covered companies
CURRENT VS SECTOR MEDIAN
+398.97%
vs the sector median at left
Lam Research Corporation
Market Cap
$396.99B
Return on Invested Capital (ROIC)
40.77%
TTM Avg
38.49%
3Y Avg
31.56%
5Y Avg
33.20%
Market Cap
$387.92B
Return on Invested Capital (ROIC)
25.60%
TTM Avg
11.80%
3Y Avg
5.23%
5Y Avg
-8.54%
Market Cap
$371.74B
Return on Invested Capital (ROIC)
23.58%
TTM Avg
23.96%
3Y Avg
27.87%
5Y Avg
28.45%
Market Cap
$368.64B
Return on Invested Capital (ROIC)
22.65%
TTM Avg
14.86%
3Y Avg
12.60%
5Y Avg
11.91%
Market Cap
$431.15B
Return on Invested Capital (ROIC)
12.96%
TTM Avg
12.31%
3Y Avg
13.13%
5Y Avg
13.79%
Market Cap
$462.60B
Return on Invested Capital (ROIC)
7.99%
TTM Avg
9.43%
3Y Avg
10.21%
5Y Avg
10.72%
Market Cap
$288.34B
Return on Invested Capital (ROIC)
7.33%
TTM Avg
8.81%
3Y Avg
7.18%
5Y Avg
7.18%
Market Cap
$271.80B
Return on Invested Capital (ROIC)
1.03%
TTM Avg
3.35%
3Y Avg
3.82%
5Y Avg
1.38%
Market Cap
$527.25B
Return on Invested Capital (ROIC)
0.05%
TTM Avg
-3.55%
3Y Avg
-1.38%
5Y Avg
1.34%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Lam Research Corporation (LRCX) | $396.99B | 40.77% | 38.49% | 31.56% | 33.20% |
| Palantir Technologies Inc. (PLTR)vs › | $387.92B | 25.60% | 11.80% | 5.23% | -8.54% |
| Applied Materials, Inc. (AMAT)vs › | $371.74B | 23.58% | 23.96% | 27.87% | 28.45% |
| Dell Technologies Inc. (DELL)vs › | $368.64B | 22.65% | 14.86% | 12.60% | 11.91% |
| Cisco Systems, Inc. (CSCO)vs › | $431.15B | 12.96% | 12.31% | 13.13% | 13.79% |
| Oracle Corporation (ORCL)vs › | $462.60B | 7.99% | 9.43% | 10.21% | 10.72% |
| Arm Holdings plc American Depositary Shares (ARM)vs › | $288.34B | 7.33% | 8.81% | 7.18% | 7.18% |
| Palo Alto Networks, Inc. (PANW)vs › | $271.80B | 1.03% | 3.35% | 3.82% | 1.38% |
| Intel Corp. (INTC)vs › | $527.25B | 0.05% | -3.55% | -1.38% | 1.34% |
| Sandisk Corporation (SNDK)vs › | $264.78B | 64.29% | 64.29% | 16.19% | 7.93% |
ROIC
40.8%
ROE
58.3%
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 | 40.77% |
| 2026-03-29 | 42.79% |
| 2025-12-28 | 38.61% |
| 2025-09-28 | 36.12% |
| 2025-06-29 | 34.18% |
| 2025-03-30 | 30.31% |
| 2024-12-29 | 28.00% |
| 2024-09-29 | 26.87% |
| 2024-06-30 | 25.11% |
| 2024-03-31 | 24.67% |
| 2023-12-24 | 23.59% |
| 2023-09-24 | 27.91% |
| 2023-06-30 | 31.30% |
| 2023-03-26 | 34.36% |
| 2022-12-25 | 36.44% |
| 2022-09-25 | 36.78% |
| 2022-06-30 | 37.79% |
| 2022-03-27 | 37.15% |
| 2021-12-26 | 36.15% |
| 2021-09-26 | 35.81% |
| 2021-06-30 | 32.42% |
| 2021-03-28 | 28.50% |
| 2020-12-27 | 24.54% |
| 2020-09-27 | 21.78% |
| 2020-06-30 | 19.11% |
| 2020-03-29 | 20.06% |
| 2019-12-29 | 20.85% |
| 2019-09-29 | 20.43% |
| 2019-06-30 | 21.44% |
| 2019-03-31 | 24.23% |
| 2018-12-23 | 33.95% |
| 2018-09-23 | 27.25% |
| 2018-06-30 | 24.42% |
| 2018-03-25 | 17.35% |
| 2017-12-24 | 16.30% |
| 2017-09-24 | 20.40% |
| 2017-06-30 | 17.68% |
| 2017-03-26 | 15.35% |
| 2016-12-25 | 11.40% |
| 2016-09-25 | 8.94% |
| 2016-06-30 | 9.47% |
| 2016-03-27 | 10.23% |
| 2015-12-27 | 10.96% |
| 2015-09-27 | 10.45% |
| 2015-06-30 | 8.62% |
| 2015-03-29 | 8.93% |
| 2014-12-28 | 9.73% |
| 2014-09-28 | 9.41% |
| 2014-06-30 | 8.55% |
| 2014-03-30 | 7.83% |
| 2013-12-29 | 5.61% |
| 2013-09-29 | 3.23% |
| 2013-06-30 | 1.86% |
| 2013-03-31 | 1.01% |
| 2012-12-23 | 1.66% |
| 2012-09-23 | 1.82% |
| 2012-06-30 | 2.77% |
| 2012-03-25 | 8.50% |
| 2011-12-25 | 12.81% |
| 2011-09-25 | 18.58% |
| 2011-06-30 | 21.49% |
| 2011-03-27 | 29.55% |
| 2010-12-26 | 29.87% |
| 2010-09-26 | 25.43% |
| 2010-06-30 | 17.73% |
| 2010-03-28 | 6.45% |
| 2009-12-27 | -7.98% |
| 2009-09-27 | -16.08% |
| 2009-06-30 | -17.86% |
| 2009-03-29 | -9.12% |
| 2008-12-28 | 5.12% |
| 2008-09-28 | 11.35% |
| 2008-06-30 | 17.64% |
| 2008-03-30 | 23.29% |
| 2007-12-23 | 30.51% |
| 2007-09-23 | 35.83% |
| 2007-06-30 | 44.09% |
| 2007-03-25 | 29.70% |
| 2006-12-24 | 25.09% |
| 2006-09-24 | 21.80% |
| 2006-06-30 | 17.71% |
| 2006-03-26 | 20.74% |
| 2005-12-25 | 20.46% |
| 2005-09-25 | 23.27% |
| 2005-06-30 | 27.41% |
| 2005-03-27 | 25.53% |
| 2004-12-26 | 23.35% |
| 2004-09-26 | 17.93% |
| 2004-06-30 | 9.66% |
| 2004-03-28 | 2.76% |
| 2003-12-28 | 0.42% |
| 2003-09-28 | -0.47% |
| 2003-06-30 | -0.55% |
