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 -13.26% is 62% above its 5-year average of -34.56%, near the high end of its 5-year range (-68.05%–-13.26%).
As of the fiscal period ended Tuesday, June 30, 2026. 23.96% above its 12-month average of -17.44%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): -13.26%.
RETURN ON INVESTED CAPITAL (ROIC)
-13.26%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
-17.44%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
-24.44%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
-34.56%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
-42.05%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
+23.96%
CURRENT VS 3Y AVG
+45.75%
CURRENT VS 5Y AVG
+61.63%
CURRENT VS 10Y AVG
+68.47%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · HEALTHCARE
8.40%
median of 98 covered companies
CURRENT VS SECTOR MEDIAN
-257.85%
vs the sector median at left
Natera, Inc.
Market Cap
$58.77B
Return on Invested Capital (ROIC)
-13.26%
TTM Avg
-17.44%
3Y Avg
-24.44%
5Y Avg
-34.56%
Market Cap
$60.13B
Return on Invested Capital (ROIC)
12.75%
TTM Avg
15.09%
3Y Avg
14.58%
5Y Avg
14.67%
Market Cap
$63.32B
Return on Invested Capital (ROIC)
10.57%
TTM Avg
7.46%
3Y Avg
6.12%
5Y Avg
5.55%
Market Cap
$53.47B
Return on Invested Capital (ROIC)
13.45%
TTM Avg
12.41%
3Y Avg
9.39%
5Y Avg
5.98%
Market Cap
$49.03B
Return on Invested Capital (ROIC)
10.22%
TTM Avg
11.08%
3Y Avg
14.46%
5Y Avg
15.87%
Market Cap
$48.72B
Return on Invested Capital (ROIC)
3.72%
TTM Avg
4.38%
3Y Avg
4.32%
5Y Avg
3.88%
Market Cap
$47.38B
Return on Invested Capital (ROIC)
11.88%
TTM Avg
12.59%
3Y Avg
13.58%
5Y Avg
12.74%
Market Cap
$46.63B
Return on Invested Capital (ROIC)
4.52%
TTM Avg
3.25%
3Y Avg
5.37%
5Y Avg
7.01%
Market Cap
$71.48B
Return on Invested Capital (ROIC)
7.69%
TTM Avg
7.02%
3Y Avg
7.07%
5Y Avg
6.51%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Natera, Inc. (NTRA) | $58.77B | -13.26% | -17.44% | -24.44% | -34.56% |
| Cencora, Inc. (COR)vs › | $60.13B | 12.75% | 15.09% | 14.58% | 14.67% |
| Boston Scientific Corporation (BSX)vs › | $63.32B | 10.57% | 7.46% | 6.12% | 5.55% |
| Cardinal Health, Inc. (CAH)vs › | $53.47B | 13.45% | 12.41% | 9.39% | 5.98% |
| Edwards Lifesciences Corporation (EW)vs › | $49.03B | 10.22% | 11.08% | 14.46% | 15.87% |
| Becton, Dickinson and Company (BDX)vs › | $48.72B | 3.72% | 4.38% | 4.32% | 3.88% |
| Agilent Technologies, Inc. (A)vs › | $47.38B | 11.88% | 12.59% | 13.58% | 12.74% |
| Humana Inc. (HUM)vs › | $46.63B | 4.52% | 3.25% | 5.37% | 7.01% |
| Cigna Corporation (CI)vs › | $71.48B | 7.69% | 7.02% | 7.07% | 6.51% |
| Teva Pharmaceutical Industries Limited (TEVA)vs › | $46.04B | 6.79% | 3.17% | 0.33% | -0.73% |
ROIC
-13.3%
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 | -13.26% |
| 2026-03-31 | -15.18% |
| 2025-12-31 | -14.43% |
| 2025-09-30 | -24.10% |
| 2025-06-30 | -20.21% |
| 2025-03-31 | -15.70% |
| 2024-12-31 | -15.91% |
| 2024-09-30 | -17.67% |
| 2024-06-30 | -24.46% |
| 2024-03-31 | -30.76% |
| 2023-12-31 | -36.73% |
| 2023-09-30 | -40.70% |
| 2023-06-30 | -48.65% |
| 2023-03-31 | -48.92% |
| 2022-12-31 | -46.47% |
| 2022-09-30 | -68.05% |
| 2022-06-30 | -65.87% |
| 2022-03-31 | -56.27% |
| 2021-12-31 | -43.85% |
| 2021-09-30 | -34.65% |
| 2021-06-30 | -43.88% |
| 2021-03-31 | -31.47% |
| 2020-12-31 | -27.62% |
| 2020-09-30 | -21.32% |
| 2020-06-30 | -23.83% |
| 2020-03-31 | -27.64% |
| 2019-12-31 | -25.68% |
| 2019-09-30 | -38.03% |
| 2019-06-30 | -38.26% |
| 2019-03-31 | -58.24% |
| 2018-12-31 | -56.10% |
| 2018-09-30 | -57.54% |
| 2018-06-30 | -87.24% |
| 2018-03-31 | -77.56% |
| 2017-12-31 | -84.21% |
| 2017-09-30 | -77.99% |
| 2017-06-30 | -116.57% |
| 2017-03-31 | -93.30% |
| 2016-12-31 | -58.87% |
| 2016-09-30 | -38.86% |
| 2016-06-30 | -32.64% |
| 2016-03-31 | -28.22% |
| 2015-12-31 | -26.38% |
| 2015-09-30 | -16.77% |
| 2015-06-30 | -17.85% |
| 2015-03-31 | 1.89% |
| 2014-12-31 | 0.69% |
| 2014-09-30 | -21.57% |
