Basis: Latest reported fiscal quarter. 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 6.13% is in line with its 5-year average of 5.60%, near the high end of its 5-year range (4.53%–6.73%).
As of the fiscal period ended Friday, April 24, 2026. 1.58% below its 12-month average of 6.23%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
6.13%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
6.23%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
5.55%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
5.60%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
5.48%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
5.58%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
9.20%
CURRENT VS TTM AVG
-1.58%
CURRENT VS 3Y AVG
+10.54%
CURRENT VS 5Y AVG
+9.43%
CURRENT VS 10Y AVG
+11.87%
CURRENT VS 15Y AVG
+9.92%
CURRENT VS 20Y AVG
-33.40%
SECTOR MEDIAN · HEALTHCARE
8.75%
median of 90 covered companies
CURRENT VS SECTOR MEDIAN
-29.90%
vs the sector median at left
Medtronic plc
Market Cap
$118.26B
Return on Invested Capital (ROIC)
6.13%
TTM Avg
6.23%
3Y Avg
5.55%
5Y Avg
5.60%
Market Cap
$122.58B
Return on Invested Capital (ROIC)
4.14%
TTM Avg
4.18%
3Y Avg
4.49%
5Y Avg
4.97%
Market Cap
$123.70B
Return on Invested Capital (ROIC)
15.11%
TTM Avg
12.85%
3Y Avg
12.25%
5Y Avg
11.92%
Market Cap
$105.97B
Return on Invested Capital (ROIC)
9.82%
TTM Avg
10.14%
3Y Avg
10.34%
5Y Avg
10.08%
Market Cap
$132.14B
Return on Invested Capital (ROIC)
15.47%
TTM Avg
14.35%
3Y Avg
12.24%
5Y Avg
10.38%
Market Cap
$104.10B
Return on Invested Capital (ROIC)
28.34%
TTM Avg
27.87%
3Y Avg
25.19%
5Y Avg
21.44%
Market Cap
$103.62B
Return on Invested Capital (ROIC)
5.42%
TTM Avg
6.63%
3Y Avg
6.62%
5Y Avg
7.56%
Market Cap
$134.24B
Return on Invested Capital (ROIC)
17.33%
TTM Avg
8.72%
3Y Avg
13.98%
5Y Avg
17.04%
Market Cap
$97.25B
Return on Invested Capital (ROIC)
13.95%
TTM Avg
12.57%
3Y Avg
12.55%
5Y Avg
10.41%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Medtronic plc (MDT) | $118.26B | 6.13% | 6.23% | 5.55% | 5.60% |
| CVS Health Corp. (CVS)vs › | $122.58B | 4.14% | 4.18% | 4.49% | 4.97% |
| Intuitive Surgical, Inc. (ISRG)vs › | $123.70B | 15.11% | 12.85% | 12.25% | 11.92% |
| Stryker Corporation (SYK)vs › | $105.97B | 9.82% | 10.14% | 10.34% | 10.08% |
| Bristol-Myers Squibb Company (BMY)vs › | $132.14B | 15.47% | 14.35% | 12.24% | 10.38% |
| McKesson Corporation (MCK)vs › | $104.10B | 28.34% | 27.87% | 25.19% | 21.44% |
| Sanofi (SNY)vs › | $103.62B | 5.42% | 6.63% | 6.62% | 7.56% |
| Vertex Pharmaceuticals Incorporated (VRTX)vs › | $134.24B | 17.33% | 8.72% | 13.98% | 17.04% |
| GSK plc (GSK)vs › | $97.25B | 13.95% | 12.57% | 12.55% | 10.41% |
| Danaher Corporation (DHR)vs › | $144.25B | 5.03% | 5.92% | 6.55% | 6.70% |
ROIC
6.1%
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) |
|---|---|
| 2026-04-24 | 6.13% |
| 2026-01-23 | 6.43% |
| 2025-10-24 | 6.31% |
| 2025-07-25 | 6.19% |
| 2025-04-25 | 6.08% |
| 2025-01-24 | 5.66% |
| 2024-10-25 | 5.56% |
| 2024-07-26 | 5.13% |
| 2024-04-26 | 4.91% |
| 2024-01-26 | 5.27% |
| 2023-10-27 | 5.17% |
| 2023-07-28 | 4.53% |
| 2023-04-28 | 4.73% |
| 2023-01-27 | 4.93% |
| 2022-10-28 | 5.34% |
| 2022-07-29 | 6.73% |
| 2022-04-29 | 6.41% |
| 2022-01-28 | 6.11% |
| 2021-10-29 | 5.85% |
| 2021-07-30 | 5.24% |
| 2021-04-30 | 4.94% |
| 2021-01-29 | 3.61% |
| 2020-10-30 | 4.05% |
| 2020-07-31 | 4.59% |
| 2020-04-24 | 5.77% |
| 2020-01-24 | 7.56% |
| 2019-10-25 | 7.20% |
| 2019-07-26 | 6.90% |
| 2019-04-26 | 6.83% |
| 2019-01-25 | 6.75% |
| 2018-10-26 | 4.18% |
| 2018-07-27 | 4.42% |
| 2018-04-27 | 4.39% |
| 2018-01-26 | 3.97% |
| 2017-10-27 | 6.53% |
| 2017-07-28 | 5.08% |
| 2017-04-28 | 5.01% |
| 2017-01-27 | 5.26% |
| 2016-10-28 | 5.51% |
| 2016-07-29 | 4.78% |
| 2016-04-29 | 4.63% |
| 2016-01-29 | 3.55% |
| 2015-10-30 | 3.23% |
| 2015-07-31 | 3.52% |
| 2015-04-24 | 3.37% |
| 2015-01-23 | 7.53% |
| 2014-10-31 | 10.57% |
| 2014-07-31 | 11.27% |
| 2014-04-30 | 11.73% |
| 2014-01-31 | 11.64% |
| 2013-10-31 | 12.00% |
| 2013-07-31 | 12.28% |
| 2013-04-30 | 12.00% |
| 2013-01-31 | 12.86% |
| 2012-10-31 | 12.78% |
| 2012-07-31 | 13.51% |
| 2012-04-30 | 13.82% |
| 2012-01-31 | 15.11% |
| 2011-10-31 | 15.69% |
| 2011-07-31 | 15.59% |
| 2011-04-30 | 15.85% |
| 2011-01-31 | 13.53% |
| 2010-10-31 | 13.19% |
| 2010-07-31 | 13.65% |
| 2010-04-30 | 12.76% |
| 2010-01-31 | 13.41% |
| 2009-10-31 | 13.50% |
| 2009-07-31 | 12.77% |
| 2009-04-30 | 14.05% |
| 2009-01-31 | 15.43% |
| 2008-10-31 | 15.89% |
| 2008-07-31 | 15.80% |
| 2008-04-30 | 15.95% |
| 2008-01-31 | 16.34% |
| 2007-10-31 | 16.32% |
| 2007-07-31 | 17.06% |
| 2007-04-30 | 17.26% |
| 2007-01-31 | 16.18% |
| 2006-10-31 | 16.51% |
| 2006-07-31 | 16.49% |
| 2006-04-30 | 16.87% |
| 2006-01-31 | 18.10% |
| 2005-10-31 | 18.80% |
| 2005-07-31 | 16.69% |
| 2005-04-30 | 17.80% |
| 2005-01-31 | 18.03% |
| 2004-10-31 | 17.95% |
| 2004-07-31 | 17.83% |
| 2004-04-30 | 17.81% |
| 2004-01-31 | 17.34% |
| 2003-10-31 | 17.27% |
| 2003-07-31 | 16.92% |
