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 2.71% is 291% above its 5-year average of -1.42%, near the high end of its 5-year range (-7.80%–2.71%).
As of the fiscal period ended Tuesday, June 30, 2026. 104.86% above its 12-month average of 1.32%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 2.71%.
RETURN ON INVESTED CAPITAL (ROIC)
2.71%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
1.32%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
0.26%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
-1.42%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
-1.52%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
2.71%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
0.61%
CURRENT VS TTM AVG
+104.86%
CURRENT VS 3Y AVG
+941.88%
CURRENT VS 5Y AVG
+291.13%
CURRENT VS 10Y AVG
+277.95%
CURRENT VS 15Y AVG
+0.12%
CURRENT VS 20Y AVG
+346.97%
SECTOR MEDIAN · TECHNOLOGY
0.38%
median of 608 covered companies
CURRENT VS SECTOR MEDIAN
+623.64%
vs the sector median at left
PDF Solutions, Inc.
Market Cap
$2.28B
Return on Invested Capital (ROIC)
2.71%
TTM Avg
1.32%
3Y Avg
0.26%
5Y Avg
-1.42%
Market Cap
$2.26B
Return on Invested Capital (ROIC)
-3.61%
TTM Avg
-18.70%
3Y Avg
-18.29%
5Y Avg
-15.18%
Market Cap
$2.33B
Return on Invested Capital (ROIC)
9.49%
TTM Avg
7.92%
3Y Avg
8.97%
5Y Avg
8.95%
Market Cap
$2.21B
Return on Invested Capital (ROIC)
-46.98%
TTM Avg
-53.44%
3Y Avg
-54.44%
5Y Avg
-51.23%
Market Cap
$2.18B
Return on Invested Capital (ROIC)
-2.29%
TTM Avg
-2.83%
3Y Avg
0.50%
5Y Avg
2.30%
Market Cap
$2.16B
Return on Invested Capital (ROIC)
24.70%
TTM Avg
29.59%
3Y Avg
5.71%
5Y Avg
3.44%
Market Cap
$2.16B
Return on Invested Capital (ROIC)
-32.89%
TTM Avg
-31.65%
3Y Avg
-28.44%
5Y Avg
-23.26%
Market Cap
$2.42B
Return on Invested Capital (ROIC)
7.59%
TTM Avg
12.62%
3Y Avg
8.27%
5Y Avg
3.46%
Market Cap
$2.42B
Return on Invested Capital (ROIC)
7.57%
TTM Avg
10.13%
3Y Avg
9.59%
5Y Avg
7.11%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| PDF Solutions, Inc. (PDFS) | $2.28B | 2.71% | 1.32% | 0.26% | -1.42% |
| nLIGHT, Inc. (LASR)vs › | $2.26B | -3.61% | -18.70% | -18.29% | -15.18% |
| PC Connection, Inc. (CNXN)vs › | $2.33B | 9.49% | 7.92% | 8.97% | 8.95% |
| Asana, Inc. (ASAN)vs › | $2.21B | -46.98% | -53.44% | -54.44% | -51.23% |
| Ichor Holdings, Ltd. (ICHR)vs › | $2.18B | -2.29% | -2.83% | 0.50% | 2.30% |
| Innodata Inc. (INOD)vs › | $2.16B | 24.70% | 29.59% | 5.71% | 3.44% |
| Schrödinger, Inc. (SDGR)vs › | $2.16B | -32.89% | -31.65% | -28.44% | -23.26% |
| Payoneer Global Inc. (PAYO)vs › | $2.42B | 7.59% | 12.62% | 8.27% | 3.46% |
| Euronet Worldwide, Inc. (EEFT)vs › | $2.42B | 7.57% | 10.13% | 9.59% | 7.11% |
| ePlus inc. (PLUS)vs › | $2.46B | 10.34% | 9.29% | 10.16% | 10.38% |
ROIC
2.7%
ROE
2.8%
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 | 2.71% |
| 2026-03-31 | 2.63% |
| 2025-12-31 | 0.92% |
| 2025-09-30 | 0.40% |
| 2025-06-30 | -0.03% |
| 2025-03-31 | -0.18% |
| 2024-12-31 | 0.13% |
| 2024-09-30 | -0.25% |
| 2024-06-30 | -0.93% |
| 2024-03-31 | -0.70% |
| 2023-12-31 | -0.30% |
| 2023-09-30 | 0.26% |
| 2023-06-30 | 1.18% |
| 2023-03-31 | 0.02% |
| 2022-12-31 | -0.70% |
| 2022-09-30 | -3.10% |
| 2022-06-30 | -4.49% |
| 2022-03-31 | -5.42% |
| 2021-12-31 | -6.77% |
| 2021-09-30 | -7.40% |
| 2021-06-30 | -7.80% |
| 2021-03-31 | -7.37% |
| 2020-12-31 | -5.89% |
| 2020-09-30 | -4.17% |
| 2020-06-30 | -4.65% |
| 2020-03-31 | -4.00% |
| 2019-12-31 | -3.53% |
| 2019-09-30 | -4.58% |
| 2019-06-30 | -5.28% |
| 2019-03-31 | -5.83% |
| 2018-12-31 | -4.82% |
| 2018-09-30 | -2.61% |
| 2018-06-30 | -1.04% |
| 2018-03-31 | 0.06% |
| 2017-12-31 | 0.09% |
| 2017-09-30 | 1.03% |
| 2017-06-30 | 2.32% |
| 2017-03-31 | 3.62% |
| 2016-12-31 | 4.46% |
| 2016-09-30 | 4.79% |
| 2016-06-30 | 4.69% |
| 2016-03-31 | 4.67% |
| 2015-12-31 | 6.93% |
| 2015-09-30 | 8.49% |
| 2015-06-30 | 8.67% |
| 2015-03-31 | 10.34% |
| 2014-12-31 | 11.14% |
| 2014-09-30 | 12.41% |
| 2014-06-30 | 14.90% |
| 2014-03-31 | 15.75% |
| 2013-12-31 | 15.17% |
| 2013-09-30 | 14.12% |
| 2013-06-30 | 15.36% |
| 2013-03-31 | 16.37% |
| 2012-12-31 | 20.71% |
| 2012-09-30 | 19.45% |
| 2012-06-30 | 15.22% |
| 2012-03-31 | 9.03% |
| 2011-12-31 | 4.02% |
| 2011-09-30 | 2.92% |
| 2011-06-30 | 2.19% |
| 2011-03-31 | 1.56% |
| 2010-12-31 | 1.59% |
| 2010-09-30 | -0.05% |
| 2010-06-30 | -6.32% |
| 2010-03-31 | -18.63% |
| 2009-12-31 | -33.26% |
| 2009-09-30 | -184.56% |
| 2009-06-30 | -177.63% |
| 2009-03-31 | -157.50% |
| 2008-12-31 | -134.42% |
| 2008-09-30 | -8.01% |
| 2008-06-30 | -6.43% |
| 2008-03-31 | -5.32% |
| 2007-12-31 | -7.68% |
| 2007-09-30 | -9.36% |
| 2007-06-30 | -8.76% |
| 2007-03-31 | -9.37% |
| 2006-12-31 | -4.27% |
| 2006-09-30 | -0.07% |
| 2006-06-30 | 0.87% |
| 2006-03-31 | 2.86% |
| 2005-12-31 | 3.98% |
| 2005-09-30 | 3.69% |
| 2005-06-30 | 2.91% |
| 2005-03-31 | 1.49% |
| 2004-12-31 | -2.17% |
| 2004-09-30 | -5.71% |
| 2004-06-30 | -7.63% |
| 2004-03-31 | -7.86% |
| 2003-12-31 | -7.25% |
| 2003-09-30 | -5.83% |
| 2003-06-30 | -5.88% |