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 -8.63% is 77% above its 5-year average of -37.62%, near the high end of its 5-year range (-91.04%–-3.94%).
As of the fiscal period ended Tuesday, June 30, 2026. 19.38% above its 12-month average of -10.70%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): -8.63%.
RETURN ON INVESTED CAPITAL (ROIC)
-8.63%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
-10.70%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
-37.24%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
-37.62%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
-38.83%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
+19.38%
CURRENT VS 3Y AVG
+76.83%
CURRENT VS 5Y AVG
+77.06%
CURRENT VS 10Y AVG
+77.77%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · TECHNOLOGY
7.79%
median of 214 covered companies
CURRENT VS SECTOR MEDIAN
-210.70%
vs the sector median at left
Ondas Holdings Inc.
Market Cap
$4.13B
Return on Invested Capital (ROIC)
-8.63%
TTM Avg
-10.70%
3Y Avg
-37.24%
5Y Avg
-37.62%
Market Cap
$4.18B
Return on Invested Capital (ROIC)
33.31%
TTM Avg
25.16%
3Y Avg
8.55%
5Y Avg
-1.46%
Market Cap
$4.06B
Return on Invested Capital (ROIC)
3.38%
TTM Avg
-0.28%
3Y Avg
-3.50%
5Y Avg
-5.17%
Market Cap
$4.03B
Return on Invested Capital (ROIC)
31.82%
TTM Avg
24.75%
3Y Avg
27.68%
5Y Avg
33.05%
Market Cap
$4.34B
Return on Invested Capital (ROIC)
0.32%
TTM Avg
-0.40%
3Y Avg
-2.28%
5Y Avg
-2.93%
Market Cap
$4.36B
Return on Invested Capital (ROIC)
0.23%
TTM Avg
-5.08%
3Y Avg
-3.35%
5Y Avg
-1.38%
Market Cap
$3.88B
Return on Invested Capital (ROIC)
3.92%
TTM Avg
-7.49%
3Y Avg
-12.34%
5Y Avg
-10.82%
Market Cap
$3.81B
Return on Invested Capital (ROIC)
-33.24%
TTM Avg
4.75%
3Y Avg
-5.82%
5Y Avg
-10.73%
Market Cap
$3.79B
Return on Invested Capital (ROIC)
7.58%
TTM Avg
8.26%
3Y Avg
5.23%
5Y Avg
2.71%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Ondas Holdings Inc. (ONDS) | $4.13B | -8.63% | -10.70% | -37.24% | -37.62% |
| Clear Secure, Inc. (YOU)vs › | $4.18B | 33.31% | 25.16% | 8.55% | -1.46% |
| Tenable Holdings, Inc. (TENB)vs › | $4.06B | 3.38% | -0.28% | -3.50% | -5.17% |
| Dlocal Limited (DLO)vs › | $4.03B | 31.82% | 24.75% | 27.68% | 33.05% |
| Bill.com Holdings, Inc. (BILL)vs › | $4.34B | 0.32% | -0.40% | -2.28% | -2.93% |
| AXT, Inc. (AXTI)vs › | $4.36B | 0.23% | -5.08% | -3.35% | -1.38% |
| Workiva Inc. (WK)vs › | $3.88B | 3.92% | -7.49% | -12.34% | -10.82% |
| Wix.com Ltd. (WIX)vs › | $3.81B | -33.24% | 4.75% | -5.82% | -10.73% |
| Itron, Inc. (ITRI)vs › | $3.79B | 7.58% | 8.26% | 5.23% | 2.71% |
| Axcelis Technologies, Inc. (ACLS)vs › | $4.54B | 6.58% | 12.52% | 18.35% | 16.71% |
ROIC
-8.6%
ROE
10.7%
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) |
|---|---|
| 2026-06-30 | -8.63% |
| 2026-03-31 | -3.94% |
| 2025-12-31 | -5.82% |
| 2025-09-30 | -8.22% |
| 2025-06-30 | -26.91% |
| 2025-03-31 | -39.73% |
| 2024-12-31 | -35.53% |
| 2024-09-30 | -54.67% |
| 2024-06-30 | -48.98% |
| 2024-03-31 | -44.67% |
| 2023-12-31 | -48.50% |
| 2023-09-30 | -67.51% |
| 2023-06-30 | -91.04% |
| 2023-03-31 | -85.02% |
| 2022-12-31 | -75.61% |
| 2022-09-30 | -43.38% |
| 2022-06-30 | -30.65% |
| 2022-03-31 | -23.53% |
| 2021-12-31 | -15.83% |
| 2021-09-30 | -11.34% |
| 2021-06-30 | -20.58% |
| 2021-03-31 | -53.01% |
| 2020-12-31 | -49.91% |
| 2019-09-30 | -1903.08% |
| 2017-09-30 | -1199.27% |
| 2017-06-30 | -268.73% |
| 2016-09-30 | -240.57% |
| 2015-12-31 | -12936.94% |
