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 90.92% is 55% above its 5-year average of 58.82%, near the high end of its 5-year range (38.08%–90.92%).
As of the fiscal period ended Tuesday, June 30, 2026. 31.62% above its 12-month average of 69.08%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
90.92%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
69.08%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
64.51%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
58.82%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
57.56%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
50.37%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
40.66%
CURRENT VS TTM AVG
+31.62%
CURRENT VS 3Y AVG
+40.94%
CURRENT VS 5Y AVG
+54.57%
CURRENT VS 10Y AVG
+57.95%
CURRENT VS 15Y AVG
+80.49%
CURRENT VS 20Y AVG
+123.62%
SECTOR MEDIAN · TECHNOLOGY
8.92%
median of 185 covered companies
CURRENT VS SECTOR MEDIAN
+919.27%
vs the sector median at left
Manhattan Associates, Inc.
Market Cap
$13.05B
Return on Invested Capital (ROIC)
90.92%
TTM Avg
69.08%
3Y Avg
64.51%
5Y Avg
58.82%
Market Cap
$13.10B
Return on Invested Capital (ROIC)
5.70%
TTM Avg
-0.53%
3Y Avg
-4.07%
5Y Avg
-3.84%
Market Cap
$13.16B
Return on Invested Capital (ROIC)
23.78%
TTM Avg
20.59%
3Y Avg
21.97%
5Y Avg
19.23%
Market Cap
$12.85B
Return on Invested Capital (ROIC)
7.31%
TTM Avg
6.11%
3Y Avg
8.46%
5Y Avg
9.85%
Market Cap
$12.84B
Return on Invested Capital (ROIC)
20.64%
TTM Avg
17.70%
3Y Avg
14.37%
5Y Avg
11.89%
Market Cap
$13.60B
Return on Invested Capital (ROIC)
13.93%
TTM Avg
17.05%
3Y Avg
18.54%
5Y Avg
18.52%
Market Cap
$12.18B
Return on Invested Capital (ROIC)
13.44%
TTM Avg
10.65%
3Y Avg
4.36%
5Y Avg
-0.27%
Market Cap
$12.05B
Return on Invested Capital (ROIC)
15.45%
TTM Avg
16.23%
3Y Avg
15.76%
5Y Avg
15.93%
Market Cap
$14.26B
Return on Invested Capital (ROIC)
2.70%
TTM Avg
0.52%
3Y Avg
-5.02%
5Y Avg
-10.45%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Manhattan Associates, Inc. (MANH) | $13.05B | 90.92% | 69.08% | 64.51% | 58.82% |
| HubSpot, Inc. (HUBS)vs › | $13.10B | 5.70% | -0.53% | -4.07% | -3.84% |
| Gartner, Inc. (IT)vs › | $13.16B | 23.78% | 20.59% | 21.97% | 19.23% |
| Amkor Technology, Inc. (AMKR)vs › | $12.85B | 7.31% | 6.11% | 8.46% | 9.85% |
| GoDaddy Inc. (GDDY)vs › | $12.84B | 20.64% | 17.70% | 14.37% | 11.89% |
| Check Point Software Technologies Ltd. (CHKP)vs › | $13.60B | 13.93% | 17.05% | 18.54% | 18.52% |
| DocuSign, Inc. (DOCU)vs › | $12.18B | 13.44% | 10.65% | 4.36% | -0.27% |
| Jack Henry & Associates, Inc. (JKHY)vs › | $12.05B | 15.45% | 16.23% | 15.76% | 15.93% |
| Grab Holdings Limited (GRAB)vs › | $14.26B | 2.70% | 0.52% | -5.02% | -10.45% |
| Nova Ltd. (NVMI)vs › | $11.79B | 10.06% | 11.79% | 12.68% | 12.05% |
ROIC
90.9%
ROE
133.5%
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 | 90.92% |
| 2026-03-31 | 76.84% |
| 2025-12-31 | 56.13% |
| 2025-09-30 | 57.24% |
| 2025-06-30 | 64.26% |
| 2025-03-31 | 70.16% |
| 2024-12-31 | 59.93% |
| 2024-09-30 | 64.21% |
| 2024-06-30 | 66.40% |
| 2024-03-31 | 61.98% |
| 2023-12-31 | 56.41% |
| 2023-09-30 | 67.70% |
| 2023-06-30 | 72.85% |
| 2023-03-31 | 64.05% |
| 2022-12-31 | 48.92% |
| 2022-09-30 | 46.88% |
| 2022-06-30 | 47.89% |
| 2022-03-31 | 46.24% |
| 2021-12-31 | 38.08% |
| 2021-09-30 | 39.44% |
| 2021-06-30 | 38.72% |
| 2021-03-31 | 35.30% |
| 2020-12-31 | 32.58% |
| 2020-09-30 | 35.94% |
| 2020-06-30 | 42.74% |
| 2020-03-31 | 49.94% |
| 2019-12-31 | 44.92% |
| 2019-09-30 | 48.19% |
| 2019-06-30 | 47.34% |
| 2019-03-31 | 52.61% |
| 2018-12-31 | 63.56% |
| 2018-09-30 | 65.67% |
| 2018-06-30 | 73.74% |
| 2018-03-31 | 67.36% |
| 2017-12-31 | 61.34% |
| 2017-09-30 | 59.74% |
| 2017-06-30 | 73.51% |
| 2017-03-31 | 78.97% |
| 2016-12-31 | 68.58% |
| 2016-09-30 | 60.82% |
| 2016-06-30 | 61.95% |
| 2016-03-31 | 57.97% |
| 2015-12-31 | 48.68% |
| 2015-09-30 | 47.34% |
| 2015-06-30 | 46.09% |
| 2015-03-31 | 44.29% |
| 2014-12-31 | 41.69% |
| 2014-09-30 | 39.71% |
| 2014-06-30 | 40.01% |
| 2014-03-31 | 37.59% |
| 2013-12-31 | 34.14% |
| 2013-09-30 | 32.69% |
| 2013-06-30 | 31.43% |
| 2013-03-31 | 30.45% |
| 2012-12-31 | 30.02% |
| 2012-09-30 | 27.57% |
| 2012-06-30 | 28.76% |
| 2012-03-31 | 27.83% |
| 2011-12-31 | 25.42% |
| 2011-09-30 | 23.35% |
| 2011-06-30 | 17.66% |
| 2011-03-31 | 14.71% |
| 2010-12-31 | 14.51% |
| 2010-09-30 | 14.94% |
| 2010-06-30 | 16.94% |
| 2010-03-31 | 12.66% |
| 2009-12-31 | 8.86% |
| 2009-09-30 | 6.11% |
| 2009-06-30 | 2.17% |
| 2009-03-31 | 7.26% |
| 2008-12-31 | 9.74% |
| 2008-09-30 | 13.02% |
| 2008-06-30 | 14.24% |
| 2008-03-31 | 15.31% |
| 2007-12-31 | 14.38% |
| 2007-09-30 | 11.89% |
| 2007-06-30 | 10.43% |
| 2007-03-31 | 9.08% |
| 2006-12-31 | 7.24% |
| 2006-09-30 | 8.54% |
| 2006-06-30 | 8.52% |
| 2006-03-31 | 6.79% |
| 2005-12-31 | 8.29% |
| 2005-09-30 | 6.88% |
| 2005-06-30 | 6.54% |
| 2005-03-31 | 7.64% |
| 2004-12-31 | 8.15% |
| 2004-09-30 | 8.89% |
| 2004-06-30 | 9.23% |
| 2004-03-31 | 8.91% |
| 2003-12-31 | 8.75% |
| 2003-09-30 | 9.62% |
| 2003-06-30 | 10.50% |
