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 18.22% is in line with its 5-year average of 18.77%, around the middle of its 5-year range (15.30%–24.46%).
As of the fiscal period ended Tuesday, June 30, 2026. 5.25% above its 12-month average of 17.31%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
18.22%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
17.31%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
17.45%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
18.77%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
15.55%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
12.85%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
11.91%
CURRENT VS TTM AVG
+5.25%
CURRENT VS 3Y AVG
+4.44%
CURRENT VS 5Y AVG
-2.90%
CURRENT VS 10Y AVG
+17.16%
CURRENT VS 15Y AVG
+41.84%
CURRENT VS 20Y AVG
+52.93%
SECTOR MEDIAN · TECHNOLOGY
8.17%
median of 193 covered companies
CURRENT VS SECTOR MEDIAN
+123.02%
vs the sector median at left
Monolithic Power Systems, Inc.
Market Cap
$59.86B
Return on Invested Capital (ROIC)
18.22%
TTM Avg
17.31%
3Y Avg
17.45%
5Y Avg
18.77%
Market Cap
$59.45B
Return on Invested Capital (ROIC)
13.59%
TTM Avg
11.73%
3Y Avg
12.72%
5Y Avg
13.02%
Market Cap
$59.06B
Return on Invested Capital (ROIC)
5.11%
TTM Avg
3.84%
3Y Avg
2.70%
5Y Avg
3.59%
Market Cap
$58.53B
Return on Invested Capital (ROIC)
-2.24%
TTM Avg
-9.09%
3Y Avg
-6.87%
5Y Avg
-4.75%
Market Cap
$58.17B
Return on Invested Capital (ROIC)
30.79%
TTM Avg
17.85%
3Y Avg
18.95%
5Y Avg
22.86%
Market Cap
$56.98B
Return on Invested Capital (ROIC)
12.04%
TTM Avg
7.80%
3Y Avg
11.92%
5Y Avg
12.12%
Market Cap
$56.45B
Return on Invested Capital (ROIC)
12.71%
TTM Avg
11.97%
3Y Avg
13.63%
5Y Avg
11.52%
Market Cap
$54.46B
Return on Invested Capital (ROIC)
-0.36%
TTM Avg
1.00%
3Y Avg
0.55%
5Y Avg
0.55%
Market Cap
$54.43B
Return on Invested Capital (ROIC)
8.07%
TTM Avg
8.05%
3Y Avg
11.99%
5Y Avg
11.16%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Monolithic Power Systems, Inc. (MPWR) | $59.86B | 18.22% | 17.31% | 17.45% | 18.77% |
| TE Connectivity plc (TEL)vs › | $59.45B | 13.59% | 11.73% | 12.72% | 13.02% |
| Coherent, Inc. (COHR)vs › | $59.06B | 5.11% | 3.84% | 2.70% | 3.59% |
| Nebius Group N.V. (NBIS)vs › | $58.53B | -2.24% | -9.09% | -6.87% | -4.75% |
| Teradyne, Inc. (TER)vs › | $58.17B | 30.79% | 17.85% | 18.95% | 22.86% |
| Keysight Technologies, Inc. (KEYS)vs › | $56.98B | 12.04% | 7.80% | 11.92% | 12.12% |
| NXP Semiconductors N.V. (NXPI)vs › | $56.45B | 12.71% | 11.97% | 13.63% | 11.52% |
| CoreWeave, Inc. Class A Common Stock (CRWV)vs › | $54.46B | -0.36% | 1.00% | 0.55% | 0.55% |
| United Microelectronics Corporation (UMC)vs › | $54.43B | 8.07% | 8.05% | 11.99% | 11.16% |
| Garmin Ltd. (GRMN)vs › | $53.14B | 18.76% | 16.46% | 15.58% | 15.92% |
ROIC
18.2%
ROE
20.5%
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 | 18.22% |
| 2026-03-31 | 16.27% |
| 2025-12-31 | 15.30% |
| 2025-09-30 | 18.39% |
| 2025-06-30 | 18.39% |
| 2025-03-31 | 17.78% |
| 2024-12-31 | 16.22% |
| 2024-09-30 | 16.00% |
| 2024-06-30 | 16.40% |
| 2024-03-31 | 17.01% |
| 2023-12-31 | 18.51% |
| 2023-09-30 | 20.89% |
| 2023-06-30 | 22.32% |
| 2023-03-31 | 24.31% |
| 2022-12-31 | 24.46% |
| 2022-09-30 | 23.97% |
| 2022-06-30 | 22.01% |
| 2022-03-31 | 18.76% |
| 2021-12-31 | 17.17% |
| 2021-09-30 | 15.96% |
| 2021-06-30 | 15.76% |
| 2021-03-31 | 14.32% |
| 2020-12-31 | 14.53% |
| 2020-09-30 | 14.50% |
| 2020-06-30 | 12.78% |
| 2020-03-31 | 12.49% |
| 2019-12-31 | 11.50% |
| 2019-09-30 | 11.98% |
| 2019-06-30 | 12.68% |
| 2019-03-31 | 13.54% |
| 2018-12-31 | 14.14% |
| 2018-09-30 | 12.41% |
| 2018-06-30 | 11.99% |
| 2018-03-31 | 11.03% |
| 2017-12-31 | 10.37% |
| 2017-09-30 | 12.11% |
| 2017-06-30 | 11.18% |
| 2017-03-31 | 11.07% |
| 2016-12-31 | 10.94% |
| 2016-09-30 | 10.02% |
| 2016-06-30 | 9.99% |
| 2016-03-31 | 9.62% |
| 2015-12-31 | 8.76% |
| 2015-09-30 | 8.84% |
| 2015-06-30 | 8.77% |
| 2015-03-31 | 8.51% |
| 2014-12-31 | 9.50% |
| 2014-09-30 | 9.42% |
| 2014-06-30 | 8.70% |
| 2014-03-31 | 8.47% |
| 2013-12-31 | 6.90% |
| 2013-09-30 | 4.79% |
| 2013-06-30 | 4.61% |
| 2013-03-31 | 5.23% |
| 2012-12-31 | 5.77% |
| 2012-09-30 | 5.96% |
| 2012-06-30 | 6.18% |
| 2012-03-31 | 5.46% |
| 2011-12-31 | 5.25% |
| 2011-09-30 | 5.82% |
| 2011-06-30 | 9.37% |
| 2011-03-31 | 9.82% |
| 2010-12-31 | 11.36% |
| 2010-09-30 | 11.49% |
| 2010-06-30 | 11.39% |
| 2010-03-31 | 11.16% |
| 2009-12-31 | 8.75% |
| 2009-09-30 | 8.38% |
| 2009-06-30 | 8.03% |
| 2009-03-31 | 9.11% |
| 2008-12-31 | 12.65% |
| 2008-09-30 | 15.01% |
| 2008-06-30 | 14.25% |
| 2008-03-31 | 7.77% |
| 2007-12-31 | 4.40% |
| 2007-09-30 | 1.33% |
| 2007-06-30 | -5.80% |
| 2007-03-31 | 1.51% |
| 2006-12-31 | 0.70% |
| 2006-09-30 | 8.30% |
| 2006-06-30 | 14.15% |
| 2006-03-31 | 6.00% |
| 2005-12-31 | 5.22% |
| 2005-09-30 | -11.73% |
| 2005-06-30 | -26.89% |
| 2005-03-31 | -7.52% |
| 2004-12-31 | -8.69% |
| 2004-09-30 | -18.17% |
| 2003-12-31 | -16.27% |
