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 5.23% is 61% below its 5-year average of 13.33%, near the low end of its 5-year range (1.15%–22.52%).
As of the fiscal period ended Friday, July 3, 2026. 49.55% above its 12-month average of 3.50%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
5.23%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
3.50%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
9.84%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
13.33%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
10.73%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
9.15%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
10.10%
CURRENT VS TTM AVG
+49.55%
CURRENT VS 3Y AVG
-46.88%
CURRENT VS 5Y AVG
-60.77%
CURRENT VS 10Y AVG
-51.26%
CURRENT VS 15Y AVG
-42.84%
CURRENT VS 20Y AVG
-48.22%
SECTOR MEDIAN · TECHNOLOGY
8.17%
median of 193 covered companies
CURRENT VS SECTOR MEDIAN
-36.00%
vs the sector median at left
ON Semiconductor Corporation
Market Cap
$27.94B
Return on Invested Capital (ROIC)
5.23%
TTM Avg
3.50%
3Y Avg
9.84%
5Y Avg
13.33%
Market Cap
$27.91B
Return on Invested Capital (ROIC)
7.32%
TTM Avg
6.74%
3Y Avg
6.77%
5Y Avg
6.73%
Market Cap
$28.10B
Return on Invested Capital (ROIC)
8.02%
TTM Avg
7.86%
3Y Avg
5.69%
5Y Avg
9.46%
Market Cap
$28.29B
Return on Invested Capital (ROIC)
3.03%
TTM Avg
0.68%
3Y Avg
-4.04%
5Y Avg
-5.57%
Market Cap
$27.27B
Return on Invested Capital (ROIC)
-2.72%
TTM Avg
-2.97%
3Y Avg
-5.22%
5Y Avg
-8.94%
Market Cap
$29.13B
Return on Invested Capital (ROIC)
22.46%
TTM Avg
25.66%
3Y Avg
26.20%
5Y Avg
30.24%
Market Cap
$26.67B
Return on Invested Capital (ROIC)
12.43%
TTM Avg
12.84%
3Y Avg
13.67%
5Y Avg
13.33%
Market Cap
$26.65B
Return on Invested Capital (ROIC)
6.47%
TTM Avg
8.44%
3Y Avg
7.30%
5Y Avg
5.83%
Market Cap
$29.30B
Return on Invested Capital (ROIC)
-0.36%
TTM Avg
-5.98%
3Y Avg
-9.86%
5Y Avg
-12.39%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| ON Semiconductor Corporation (ON) | $27.94B | 5.23% | 3.50% | 9.84% | 13.33% |
| Teledyne Technologies Incorporated (TDY)vs › | $27.91B | 7.32% | 6.74% | 6.77% | 6.73% |
| Zoom Communications, Inc. (ZM)vs › | $28.10B | 8.02% | 7.86% | 5.69% | 9.46% |
| Okta, Inc. (OKTA)vs › | $28.29B | 3.03% | 0.68% | -4.04% | -5.57% |
| Zscaler, Inc. (ZS)vs › | $27.27B | -2.72% | -2.97% | -5.22% | -8.94% |
| HP Inc. (HPQ)vs › | $29.13B | 22.46% | 25.66% | 26.20% | 30.24% |
| Cognizant Technology Solutions Corporation (CTSH)vs › | $26.67B | 12.43% | 12.84% | 13.67% | 13.33% |
| Fiserv, Inc. (FISV)vs › | $26.65B | 6.47% | 8.44% | 7.30% | 5.83% |
| MongoDB, Inc. (MDB)vs › | $29.30B | -0.36% | -5.98% | -9.86% | -12.39% |
| Corpay, Inc. (CPAY)vs › | $26.55B | 8.92% | 9.77% | 10.34% | 10.06% |
ROIC
5.2%
ROE
8.7%
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) |
|---|---|
| 2026-07-03 | 5.23% |
| 2026-04-03 | 5.40% |
| 2025-12-31 | 1.15% |
| 2025-10-03 | 2.23% |
| 2025-07-04 | 3.48% |
| 2025-04-04 | 4.81% |
| 2024-12-31 | 11.88% |
| 2024-09-27 | 13.72% |
| 2024-06-28 | 15.44% |
| 2024-03-29 | 17.73% |
| 2023-12-31 | 18.50% |
| 2023-09-29 | 18.57% |
| 2023-06-30 | 19.47% |
| 2023-03-31 | 20.43% |
| 2022-12-31 | 22.14% |
| 2022-09-30 | 22.52% |
| 2022-07-01 | 20.42% |
| 2022-04-01 | 17.80% |
| 2021-12-31 | 14.43% |
| 2021-10-01 | 11.26% |
| 2021-07-02 | 10.55% |
| 2021-04-02 | 7.20% |
| 2020-12-31 | 5.52% |
| 2020-10-02 | 4.66% |
| 2020-07-03 | 4.51% |
| 2020-04-03 | 5.00% |
| 2019-12-31 | 6.66% |
| 2019-09-27 | 8.32% |
| 2019-06-28 | 9.09% |
| 2019-03-29 | 10.82% |
| 2018-12-31 | 11.44% |
| 2018-09-28 | 13.11% |
| 2018-06-29 | 12.26% |
| 2018-03-30 | 11.74% |
| 2017-12-31 | 11.83% |
| 2017-09-29 | 9.31% |
| 2017-06-30 | 6.77% |
| 2017-03-31 | 6.26% |
| 2016-12-31 | 4.54% |
| 2016-09-30 | 2.93% |
| 2016-07-01 | 4.88% |
| 2016-04-01 | 8.04% |
| 2015-12-31 | 8.22% |
| 2015-10-02 | 6.72% |
| 2015-07-03 | 6.66% |
| 2015-04-03 | 8.79% |
| 2014-12-31 | 8.98% |
| 2014-09-26 | 9.54% |
| 2014-06-27 | 11.31% |
| 2014-03-28 | 9.65% |
| 2013-12-31 | 8.17% |
| 2013-09-27 | 7.37% |
| 2013-06-28 | 6.57% |
| 2013-03-29 | 6.73% |
| 2012-12-31 | 7.47% |
| 2012-09-28 | 4.26% |
| 2012-06-29 | 7.83% |
| 2012-03-30 | 4.16% |
| 2011-12-31 | 3.99% |
| 2011-09-30 | 6.75% |
| 2011-07-01 | 9.54% |
| 2011-04-01 | 11.23% |
| 2010-12-31 | 16.38% |
| 2010-10-01 | 17.29% |
| 2010-07-02 | 16.09% |
| 2010-04-02 | 11.89% |
| 2009-12-31 | 7.46% |
| 2009-10-02 | 7.36% |
| 2009-07-03 | 8.57% |
| 2009-04-03 | 9.94% |
| 2008-12-31 | 12.09% |
| 2008-09-26 | 10.50% |
| 2008-06-27 | 10.64% |
| 2008-03-28 | 11.39% |
| 2007-12-31 | 21.77% |
| 2007-09-28 | 25.17% |
| 2007-06-29 | 28.40% |
| 2007-03-30 | 29.93% |
| 2006-12-31 | 30.56% |
| 2006-09-29 | 26.92% |
| 2006-06-30 | 22.92% |
| 2006-03-31 | 21.63% |
| 2005-12-31 | 20.45% |
| 2005-09-30 | 18.15% |
| 2005-07-01 | 18.82% |
| 2005-04-01 | 20.39% |
| 2004-12-31 | 21.06% |
| 2004-10-01 | 17.41% |
| 2004-07-02 | 14.60% |
| 2004-04-02 | 11.49% |
| 2003-12-31 | 8.85% |
| 2003-10-03 | 7.52% |
| 2003-07-04 | 7.18% |
