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 28.34% is 42% above its 5-year average of 19.98%, near the high end of its 5-year range (11.12%–31.61%).
As of the fiscal period ended Tuesday, June 30, 2026. 14.42% above its 12-month average of 24.76%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q1 FY2027 (2026-06-30): 28.34%.
RETURN ON INVESTED CAPITAL (ROIC)
28.34%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
24.76%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
22.26%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
19.98%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
16.04%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
13.94%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
12.37%
CURRENT VS TTM AVG
+14.42%
CURRENT VS 3Y AVG
+27.28%
CURRENT VS 5Y AVG
+41.81%
CURRENT VS 10Y AVG
+76.70%
CURRENT VS 15Y AVG
+103.27%
CURRENT VS 20Y AVG
+129.01%
SECTOR MEDIAN · HEALTHCARE
8.75%
median of 90 covered companies
CURRENT VS SECTOR MEDIAN
+224.04%
vs the sector median at left
McKesson Corporation
Market Cap
$102.98B
Return on Invested Capital (ROIC)
28.34%
TTM Avg
24.76%
3Y Avg
22.26%
5Y Avg
19.98%
Market Cap
$103.59B
Return on Invested Capital (ROIC)
5.42%
TTM Avg
6.63%
3Y Avg
6.62%
5Y Avg
7.56%
Market Cap
$102.30B
Return on Invested Capital (ROIC)
13.95%
TTM Avg
12.57%
3Y Avg
12.55%
5Y Avg
10.41%
Market Cap
$107.39B
Return on Invested Capital (ROIC)
9.82%
TTM Avg
10.14%
3Y Avg
10.34%
5Y Avg
10.08%
Market Cap
$92.89B
Return on Invested Capital (ROIC)
19.41%
TTM Avg
17.66%
3Y Avg
17.17%
5Y Avg
17.02%
Market Cap
$115.18B
Return on Invested Capital (ROIC)
4.14%
TTM Avg
4.18%
3Y Avg
4.49%
5Y Avg
4.97%
Market Cap
$89.84B
Return on Invested Capital (ROIC)
6.34%
TTM Avg
6.70%
3Y Avg
7.11%
5Y Avg
7.33%
Market Cap
$118.75B
Return on Invested Capital (ROIC)
6.44%
TTM Avg
6.11%
3Y Avg
5.46%
5Y Avg
5.53%
Market Cap
$81.33B
Return on Invested Capital (ROIC)
9.19%
TTM Avg
9.70%
3Y Avg
12.91%
5Y Avg
18.41%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| McKesson Corporation (MCK) | $102.98B | 28.34% | 24.76% | 22.26% | 19.98% |
| Sanofi (SNY)vs › | $103.59B | 5.42% | 6.63% | 6.62% | 7.56% |
| GSK plc (GSK)vs › | $102.30B | 13.95% | 12.57% | 12.55% | 10.41% |
| Stryker Corporation (SYK)vs › | $107.39B | 9.82% | 10.14% | 10.34% | 10.08% |
| HCA Healthcare, Inc. (HCA)vs › | $92.89B | 19.41% | 17.66% | 17.17% | 17.02% |
| CVS Health Corp. (CVS)vs › | $115.18B | 4.14% | 4.18% | 4.49% | 4.97% |
| Elevance Health Inc. (ELV)vs › | $89.84B | 6.34% | 6.70% | 7.11% | 7.33% |
| Medtronic plc (MDT)vs › | $118.75B | 6.44% | 6.11% | 5.46% | 5.53% |
| Regeneron Pharmaceuticals, Inc. (REGN)vs › | $81.33B | 9.19% | 9.70% | 12.91% | 18.41% |
| Bristol-Myers Squibb Company (BMY)vs › | $128.36B | 15.47% | 14.35% | 12.24% | 10.38% |
ROIC
28.3%
ROE
N/A
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 | 28.34% |
| 2026-03-31 | 31.61% |
| 2025-12-31 | 24.42% |
| 2025-09-30 | 22.01% |
| 2025-06-30 | 17.44% |
| 2025-03-31 | 22.39% |
| 2024-12-31 | 20.75% |
| 2024-09-30 | 22.07% |
| 2024-06-30 | 21.36% |
| 2024-03-31 | 21.64% |
| 2023-12-31 | 21.50% |
| 2023-09-30 | 23.14% |
| 2023-06-30 | 23.36% |
| 2023-03-31 | 23.37% |
| 2022-12-31 | 20.05% |
| 2022-09-30 | 14.99% |
| 2022-06-30 | 11.85% |
| 2022-03-31 | 11.12% |
| 2021-12-31 | 11.81% |
| 2021-09-30 | 19.84% |
| 2021-06-30 | 18.20% |
| 2021-03-31 | 15.94% |
| 2020-12-31 | 17.04% |
| 2020-09-30 | 13.38% |
| 2020-06-30 | 14.61% |
| 2020-03-31 | 15.18% |
| 2019-12-31 | 11.32% |
| 2019-09-30 | 12.87% |
| 2019-06-30 | 8.41% |
| 2019-03-31 | 7.33% |
| 2018-12-31 | 6.10% |
| 2018-09-30 | 11.48% |
| 2018-06-30 | 11.24% |
| 2018-03-31 | 11.76% |
| 2017-12-31 | 8.60% |
| 2017-09-30 | 8.74% |
| 2017-06-30 | 9.07% |
| 2017-03-31 | 10.04% |
| 2016-12-31 | 11.26% |
| 2016-09-30 | 10.74% |
| 2016-06-30 | 11.15% |
| 2016-03-31 | 11.05% |
| 2015-12-31 | 11.59% |
| 2015-09-30 | 10.68% |
| 2015-06-30 | 9.75% |
| 2015-03-31 | 9.36% |
| 2014-12-31 | 8.55% |
| 2014-09-30 | 6.90% |
| 2014-06-30 | 6.39% |
| 2014-03-31 | 6.39% |
| 2013-12-31 | 10.18% |
| 2013-09-30 | 11.19% |
| 2013-06-30 | 11.54% |
| 2013-03-31 | 11.71% |
| 2012-12-31 | 12.67% |
| 2012-09-30 | 13.80% |
| 2012-06-30 | 13.66% |
| 2012-03-31 | 12.76% |
| 2011-12-31 | 11.51% |
| 2011-09-30 | 10.55% |
| 2011-06-30 | 10.27% |
| 2011-03-31 | 10.01% |
| 2010-12-31 | 9.32% |
| 2010-09-30 | 12.68% |
| 2010-06-30 | 13.01% |
| 2010-03-31 | 12.17% |
| 2009-12-31 | 12.34% |
| 2009-09-30 | 9.53% |
| 2009-06-30 | 9.99% |
| 2009-03-31 | 9.36% |
| 2008-12-31 | 9.55% |
| 2008-09-30 | 11.61% |
| 2008-06-30 | 10.80% |
| 2008-03-31 | 10.84% |
| 2007-12-31 | 9.80% |
| 2007-09-30 | 10.15% |
| 2007-06-30 | 10.45% |
| 2007-03-31 | 10.51% |
| 2006-12-31 | 11.43% |
| 2006-09-30 | 11.20% |
| 2006-06-30 | 9.50% |
| 2006-03-31 | 9.47% |
| 2005-12-31 | 10.18% |
| 2005-09-30 | -1.21% |
| 2005-06-30 | -2.60% |
| 2005-03-31 | -2.72% |
| 2004-12-31 | -3.36% |
| 2004-09-30 | 8.46% |
| 2004-06-30 | 9.49% |
| 2004-03-31 | 9.88% |
| 2003-12-31 | 9.10% |
| 2003-09-30 | 9.63% |
| 2003-06-30 | 9.83% |
