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 9.60% is 24% below its 5-year average of 12.62%, near the low end of its 5-year range (9.60%–15.50%).
As of the fiscal period ended Tuesday, June 30, 2026. 8.80% below its 12-month average of 10.53%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 9.60%.
RETURN ON INVESTED CAPITAL (ROIC)
9.60%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
10.53%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
11.56%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
12.62%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
11.73%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
9.67%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
5.78%
CURRENT VS TTM AVG
-8.80%
CURRENT VS 3Y AVG
-16.93%
CURRENT VS 5Y AVG
-23.91%
CURRENT VS 10Y AVG
-18.13%
CURRENT VS 15Y AVG
-0.72%
CURRENT VS 20Y AVG
+66.13%
SECTOR MEDIAN · TECHNOLOGY
0.43%
median of 609 covered companies
CURRENT VS SECTOR MEDIAN
+2133.50%
vs the sector median at left
Universal Display Corporation
Market Cap
$3.67B
Return on Invested Capital (ROIC)
9.60%
TTM Avg
10.53%
3Y Avg
11.56%
5Y Avg
12.62%
Market Cap
$3.77B
Return on Invested Capital (ROIC)
3.92%
TTM Avg
-7.49%
3Y Avg
-12.34%
5Y Avg
-10.82%
Market Cap
$3.56B
Return on Invested Capital (ROIC)
0.25%
TTM Avg
-4.79%
3Y Avg
0.50%
5Y Avg
2.89%
Market Cap
$3.54B
Return on Invested Capital (ROIC)
4.62%
TTM Avg
-0.95%
3Y Avg
-6.22%
5Y Avg
-73.15%
Market Cap
$3.82B
Return on Invested Capital (ROIC)
3.16%
TTM Avg
-5.14%
3Y Avg
-11.57%
5Y Avg
-14.77%
Market Cap
$3.84B
Return on Invested Capital (ROIC)
7.58%
TTM Avg
8.26%
3Y Avg
5.23%
5Y Avg
2.71%
Market Cap
$3.86B
Return on Invested Capital (ROIC)
2.89%
TTM Avg
1.70%
3Y Avg
0.96%
5Y Avg
0.28%
Market Cap
$3.89B
Return on Invested Capital (ROIC)
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$3.91B
Return on Invested Capital (ROIC)
-33.24%
TTM Avg
4.75%
3Y Avg
-5.82%
5Y Avg
-10.73%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Universal Display Corporation (OLED) | $3.67B | 9.60% | 10.53% | 11.56% | 12.62% |
| Workiva Inc. (WK)vs › | $3.77B | 3.92% | -7.49% | -12.34% | -10.82% |
| IPG Photonics Corporation (IPGP)vs › | $3.56B | 0.25% | -4.79% | 0.50% | 2.89% |
| monday.com Ltd. (MNDY)vs › | $3.54B | 4.62% | -0.95% | -6.22% | -73.15% |
| Freshworks Inc. (FRSH)vs › | $3.82B | 3.16% | -5.14% | -11.57% | -14.77% |
| Itron, Inc. (ITRI)vs › | $3.84B | 7.58% | 8.26% | 5.23% | 2.71% |
| CCC Intelligent Solutions Holdings Inc. (CCC)vs › | $3.86B | 2.89% | 1.70% | 0.96% | 0.28% |
| Webull Corporation Class A Ordinary Shares (BULL)vs › | $3.89B | N/A | N/A | N/A | N/A |
| Wix.com Ltd. (WIX)vs › | $3.91B | -33.24% | 4.75% | -5.82% | -10.73% |
| Shift4 Payments, Inc. (FOUR)vs › | $3.46B | 4.44% | 4.63% | 4.42% | 1.99% |
ROIC
9.6%
ROE
11.6%
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 | 9.60% |
| 2026-03-31 | 10.13% |
| 2025-12-31 | 11.00% |
| 2025-09-30 | 10.31% |
| 2025-06-30 | 11.60% |
| 2025-03-31 | 11.43% |
| 2024-12-31 | 11.42% |
| 2024-09-30 | 12.17% |
| 2024-06-30 | 12.03% |
| 2024-03-31 | 12.31% |
| 2023-12-31 | 11.60% |
| 2023-09-30 | 13.01% |
| 2023-06-30 | 13.67% |
| 2023-03-31 | 13.68% |
| 2022-12-31 | 14.97% |
| 2022-09-30 | 13.50% |
| 2022-06-30 | 13.53% |
| 2022-03-31 | 13.90% |
| 2021-12-31 | 14.37% |
| 2021-09-30 | 15.31% |
| 2021-06-30 | 15.50% |
| 2021-03-31 | 12.57% |
| 2020-12-31 | 11.63% |
| 2020-09-30 | 9.59% |
| 2020-06-30 | 9.52% |
| 2020-03-31 | 13.63% |
| 2019-12-31 | 13.45% |
| 2019-09-30 | 13.24% |
| 2019-06-30 | 12.35% |
| 2019-03-31 | 9.09% |
| 2018-12-31 | 6.49% |
| 2018-09-30 | 8.87% |
| 2018-06-30 | 8.18% |
| 2018-03-31 | 13.91% |
| 2017-12-31 | 14.19% |
| 2017-09-30 | 13.90% |
| 2017-06-30 | 11.99% |
| 2017-03-31 | 9.01% |
| 2016-12-31 | 8.15% |
| 2016-09-30 | 7.30% |
| 2016-06-30 | 8.90% |
| 2016-03-31 | 3.42% |
| 2015-12-31 | 3.38% |
| 2015-09-30 | 2.55% |
| 2015-06-30 | 2.34% |
| 2015-03-31 | 7.95% |
| 2014-12-31 | 8.93% |
| 2014-09-30 | 13.48% |
| 2014-06-30 | 12.81% |
| 2014-03-31 | 11.66% |
| 2013-12-31 | 8.70% |
| 2013-09-30 | 5.53% |
| 2013-06-30 | 2.70% |
| 2013-03-31 | 1.53% |
| 2012-12-31 | 2.45% |
| 2012-09-30 | 2.42% |
| 2012-06-30 | 5.46% |
| 2012-03-31 | 1.95% |
| 2011-12-31 | 1.60% |
| 2011-09-30 | 0.55% |
| 2011-06-30 | -2.41% |
| 2011-03-31 | -2.75% |
| 2010-12-31 | -15.20% |
| 2010-09-30 | -23.69% |
| 2010-06-30 | -20.05% |
| 2010-03-31 | -28.39% |
| 2009-12-31 | -30.63% |
| 2009-09-30 | -31.80% |
| 2009-06-30 | -33.64% |
| 2009-03-31 | -30.91% |
| 2008-12-31 | -28.17% |
| 2008-09-30 | -26.23% |
| 2008-06-30 | -23.25% |
| 2008-03-31 | -22.26% |
| 2007-12-31 | -22.09% |
| 2007-09-30 | -22.40% |
| 2007-06-30 | -21.67% |
| 2007-03-31 | -33.69% |
| 2006-12-31 | -30.87% |
| 2006-09-30 | -29.58% |
| 2006-06-30 | -28.00% |
| 2006-03-31 | -25.70% |
| 2005-12-31 | -28.23% |
| 2005-09-30 | -25.94% |
| 2005-06-30 | -26.19% |
| 2005-03-31 | -28.69% |
| 2004-12-31 | -25.76% |
| 2004-09-30 | -28.43% |
| 2004-06-30 | -26.96% |
| 2004-03-31 | -25.12% |
| 2003-12-31 | -41.74% |
| 2003-09-30 | -37.76% |
| 2003-06-30 | -55.54% |
