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 -9.61% is 81% above its 5-year average of -49.96%, near the high end of its 5-year range (-325.32%–-7.45%).
As of the fiscal period ended Tuesday, June 30, 2026. 27.25% above its 12-month average of -13.21%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q4 FY2026 (2026-06-30): -9.61%.
RETURN ON INVESTED CAPITAL (ROIC)
-9.61%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
-13.21%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
-102.68%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
-49.96%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
-72.78%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
-51.06%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
-54.36%
CURRENT VS TTM AVG
+27.25%
CURRENT VS 3Y AVG
+90.64%
CURRENT VS 5Y AVG
+80.76%
CURRENT VS 10Y AVG
+86.80%
CURRENT VS 15Y AVG
+81.18%
CURRENT VS 20Y AVG
+82.32%
SECTOR MEDIAN · BASIC MATERIALS
4.88%
median of 135 covered companies
CURRENT VS SECTOR MEDIAN
-296.93%
vs the sector median at left
NioCorp Developments Ltd.
Market Cap
$516.09M
Return on Invested Capital (ROIC)
-9.61%
TTM Avg
-13.21%
3Y Avg
-102.68%
5Y Avg
-49.96%
Market Cap
$560.52M
Return on Invested Capital (ROIC)
-61.73%
TTM Avg
-60.48%
3Y Avg
-91.49%
5Y Avg
-78.11%
Market Cap
$465.29M
Return on Invested Capital (ROIC)
-78.70%
TTM Avg
-2.83%
3Y Avg
2.64%
5Y Avg
10.90%
Market Cap
$573.83M
Return on Invested Capital (ROIC)
-1.95%
TTM Avg
-2.53%
3Y Avg
-91.46%
5Y Avg
-179.31%
Market Cap
$596.72M
Return on Invested Capital (ROIC)
4.92%
TTM Avg
6.59%
3Y Avg
10.26%
5Y Avg
10.25%
Market Cap
$418.49M
Return on Invested Capital (ROIC)
-23.05%
TTM Avg
-20.34%
3Y Avg
-32.06%
5Y Avg
-32.06%
Market Cap
$623.24M
Return on Invested Capital (ROIC)
12.30%
TTM Avg
17.47%
3Y Avg
13.60%
5Y Avg
12.23%
Market Cap
$364.01M
Return on Invested Capital (ROIC)
-17.29%
TTM Avg
-20.73%
3Y Avg
-38.45%
5Y Avg
-38.33%
Market Cap
$359.32M
Return on Invested Capital (ROIC)
10.37%
TTM Avg
1.44%
3Y Avg
1.35%
5Y Avg
-9.51%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| NioCorp Developments Ltd. (NB) | $516.09M | -9.61% | -13.21% | -102.68% | -49.96% |
| REalloys Inc. (ALOY)vs › | $560.52M | -61.73% | -60.48% | -91.49% | -78.11% |
| Algoma Steel Group Inc. (ASTL)vs › | $465.29M | -78.70% | -2.83% | 2.64% | 10.90% |
| Lithium Americas Corp. (LAC)vs › | $573.83M | -1.95% | -2.53% | -91.46% | -179.31% |
| Janus International Group, Inc. (JBI)vs › | $596.72M | 4.92% | 6.59% | 10.26% | 10.25% |
| Blue Moon Metals Inc. (BMM)vs › | $418.49M | -23.05% | -20.34% | -32.06% | -32.06% |
| Limbach Holdings, Inc. (LMB)vs › | $623.24M | 12.30% | 17.47% | 13.60% | 12.23% |
| ASP Isotopes Inc. Common Stock (ASPI)vs › | $364.01M | -17.29% | -20.73% | -38.45% | -38.33% |
| Vox Royalty Corp. (VOXR)vs › | $359.32M | 10.37% | 1.44% | 1.35% | -9.51% |
| Gevo, Inc. (GEVO)vs › | $312.78M | -40.96% | -9.59% | -11.86% | -12.57% |
ROIC
-9.6%
ROE
-10.6%
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 | -9.61% |
| 2026-03-31 | -7.45% |
| 2025-12-31 | -8.63% |
| 2025-09-30 | -11.84% |
| 2025-06-30 | -28.52% |
| 2025-03-31 | -52.93% |
| 2024-12-31 | -76.91% |
| 2024-09-30 | -75.59% |
| 2024-06-30 | -87.26% |
| 2024-03-31 | -150.06% |
| 2023-12-31 | -325.32% |
| 2023-09-30 | -285.17% |
| 2023-06-30 | -215.55% |
| 2023-03-31 | -168.99% |
| 2022-12-31 | -45.02% |
| 2022-09-30 | -44.24% |
| 2022-06-30 | -35.67% |
| 2022-03-31 | -32.72% |
| 2021-12-31 | -28.08% |
| 2021-09-30 | -18.71% |
| 2021-06-30 | -17.05% |
| 2021-03-31 | -20.28% |
| 2020-12-31 | -40.09% |
| 2020-09-30 | -42.24% |
| 2020-06-30 | -43.45% |
| 2020-03-31 | -60.13% |
| 2019-12-31 | -70.78% |
| 2019-09-30 | -81.21% |
| 2019-06-30 | -79.03% |
| 2019-03-31 | -71.13% |
| 2018-12-31 | -58.83% |
| 2018-09-30 | -46.00% |
| 2018-06-30 | -63.29% |
| 2018-03-31 | -84.28% |
| 2017-12-31 | -131.45% |
| 2017-09-30 | -146.61% |
| 2017-06-30 | -167.91% |
| 2017-03-31 | -157.25% |
| 2016-12-31 | -156.59% |
| 2016-09-30 | -113.82% |
| 2016-06-30 | -89.35% |
| 2016-03-31 | -19.72% |
| 2015-12-31 | -17.00% |
| 2015-09-30 | -23.09% |
| 2015-06-30 | -75.87% |
| 2015-03-31 | -21.48% |
| 2014-12-31 | -20.30% |
| 2014-09-30 | -21.93% |
| 2014-06-30 | -12.32% |
| 2014-03-31 | -6.73% |
| 2013-12-31 | -8.64% |
| 2013-09-30 | -7.67% |
| 2013-06-30 | -8.81% |
| 2013-03-31 | -8.06% |
| 2012-12-31 | -8.04% |
| 2012-09-30 | -8.59% |
| 2012-06-30 | -10.86% |
| 2012-03-31 | -9.22% |
| 2011-12-31 | -10.28% |
| 2011-09-30 | -21.30% |
| 2011-06-30 | -18.80% |
| 2011-03-31 | -10.84% |
| 2010-12-31 | -13.89% |
| 2010-09-30 | -116.83% |
| 2010-06-30 | -86.90% |
| 2010-03-31 | -65.03% |
| 2009-12-31 | -208.15% |
| 2009-09-30 | -234.82% |
| 2009-06-30 | -113.31% |
| 2008-03-31 | -2545.27% |
| 2007-12-31 | -1406.90% |
| 2007-09-30 | -802.70% |
| 2007-06-30 | -454.94% |
| 2007-03-31 | -29.27% |
| 2006-12-31 | -22.78% |
| 2006-09-30 | -67.57% |
| 2005-09-30 | -414.39% |
| 2005-06-30 | -260.92% |
| 2005-03-31 | -55.21% |
| 2004-12-31 | -92.57% |
| 2004-06-30 | -109.87% |
| 2004-03-31 | -76.26% |
| 2003-09-30 | -175.24% |
| 2003-06-30 | -103.92% |
