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 9.33% is 16% below its 5-year average of 11.05%, around the middle of its 5-year range (1.18%–21.77%).
As of the fiscal period ended Sunday, June 28, 2026. 0.69% below its 12-month average of 9.40%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
9.33%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
9.40%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
7.11%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
11.05%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
8.96%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
8.26%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
8.58%
CURRENT VS TTM AVG
-0.69%
CURRENT VS 3Y AVG
+31.25%
CURRENT VS 5Y AVG
-15.54%
CURRENT VS 10Y AVG
+4.16%
CURRENT VS 15Y AVG
+12.95%
CURRENT VS 20Y AVG
+8.76%
SECTOR MEDIAN · HEALTHCARE
8.75%
median of 90 covered companies
CURRENT VS SECTOR MEDIAN
+6.72%
vs the sector median at left
Pfizer Inc.
Market Cap
$158.39B
Return on Invested Capital (ROIC)
9.33%
TTM Avg
9.40%
3Y Avg
7.11%
5Y Avg
11.05%
Market Cap
$144.25B
Return on Invested Capital (ROIC)
5.03%
TTM Avg
5.92%
3Y Avg
6.55%
5Y Avg
6.70%
Market Cap
$182.06B
Return on Invested Capital (ROIC)
-3.66%
TTM Avg
11.34%
3Y Avg
11.28%
5Y Avg
10.29%
Market Cap
$134.24B
Return on Invested Capital (ROIC)
17.33%
TTM Avg
8.72%
3Y Avg
13.98%
5Y Avg
17.04%
Market Cap
$182.59B
Return on Invested Capital (ROIC)
6.07%
TTM Avg
9.16%
3Y Avg
9.70%
5Y Avg
9.86%
Market Cap
$132.14B
Return on Invested Capital (ROIC)
15.47%
TTM Avg
14.35%
3Y Avg
12.24%
5Y Avg
10.38%
Market Cap
$123.70B
Return on Invested Capital (ROIC)
15.11%
TTM Avg
12.85%
3Y Avg
12.25%
5Y Avg
11.92%
Market Cap
$122.58B
Return on Invested Capital (ROIC)
4.14%
TTM Avg
4.18%
3Y Avg
4.49%
5Y Avg
4.97%
Market Cap
$118.26B
Return on Invested Capital (ROIC)
6.13%
TTM Avg
6.11%
3Y Avg
5.46%
5Y Avg
5.53%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Pfizer Inc. (PFE) | $158.39B | 9.33% | 9.40% | 7.11% | 11.05% |
| Danaher Corporation (DHR)vs › | $144.25B | 5.03% | 5.92% | 6.55% | 6.70% |
| Gilead Sciences, Inc. (GILD)vs › | $182.06B | -3.66% | 11.34% | 11.28% | 10.29% |
| Vertex Pharmaceuticals Incorporated (VRTX)vs › | $134.24B | 17.33% | 8.72% | 13.98% | 17.04% |
| Abbott Laboratories (ABT)vs › | $182.59B | 6.07% | 9.16% | 9.70% | 9.86% |
| Bristol-Myers Squibb Company (BMY)vs › | $132.14B | 15.47% | 14.35% | 12.24% | 10.38% |
| Intuitive Surgical, Inc. (ISRG)vs › | $123.70B | 15.11% | 12.85% | 12.25% | 11.92% |
| CVS Health Corp. (CVS)vs › | $122.58B | 4.14% | 4.18% | 4.49% | 4.97% |
| Medtronic plc (MDT)vs › | $118.26B | 6.13% | 6.11% | 5.46% | 5.53% |
| Novo Nordisk A/S (NVO)vs › | $200.54B | 30.21% | 34.36% | 43.28% | 43.42% |
ROIC
9.3%
ROE
5.1%
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) |
|---|---|
| 2026-06-28 | 9.33% |
| 2026-03-29 | 7.97% |
| 2025-12-31 | 8.84% |
| 2025-09-28 | 9.90% |
| 2025-06-29 | 10.94% |
| 2024-12-31 | 9.66% |
| 2024-09-29 | 5.45% |
| 2024-06-30 | 1.18% |
| 2024-03-31 | 1.40% |
| 2023-12-31 | 2.52% |
| 2023-10-01 | 6.10% |
| 2023-07-02 | 12.02% |
| 2023-04-02 | 19.33% |
| 2022-12-31 | 21.77% |
| 2022-10-02 | 20.87% |
| 2022-07-03 | 20.28% |
| 2022-04-03 | 17.14% |
| 2021-12-31 | 14.30% |
| 2021-10-03 | 12.81% |
| 2021-07-04 | 9.17% |
| 2021-04-04 | 7.23% |
| 2020-12-31 | 6.55% |
| 2020-09-27 | 6.42% |
| 2020-06-28 | 5.74% |
| 2020-03-29 | 7.88% |
| 2019-12-31 | 8.89% |
| 2019-09-29 | 9.09% |
| 2019-06-30 | 11.77% |
| 2019-03-31 | 11.04% |
| 2018-12-31 | 10.52% |
| 2018-09-30 | 9.43% |
| 2018-07-01 | 10.02% |
| 2018-04-01 | 9.77% |
| 2017-12-31 | 9.51% |
| 2017-10-01 | 7.64% |
| 2017-07-02 | 7.71% |
| 2017-04-02 | 7.75% |
| 2016-12-31 | 7.95% |
| 2016-10-02 | 7.53% |
| 2016-07-03 | 7.78% |
| 2016-04-03 | 7.71% |
| 2015-12-31 | 6.73% |
| 2015-09-27 | 6.35% |
| 2015-06-28 | 6.45% |
| 2015-03-29 | 6.50% |
| 2014-12-31 | 6.17% |
| 2014-09-28 | 6.97% |
| 2014-06-29 | 7.22% |
| 2014-03-30 | 7.05% |
| 2013-12-31 | 7.67% |
| 2013-09-29 | 7.10% |
| 2013-06-30 | 7.71% |
| 2013-03-31 | 8.08% |
| 2012-12-31 | 8.71% |
| 2012-09-30 | 9.03% |
| 2012-07-01 | 8.38% |
| 2012-04-01 | 7.74% |
| 2011-12-31 | 7.59% |
| 2011-10-02 | 8.40% |
| 2011-07-03 | 7.43% |
| 2011-04-03 | 7.45% |
| 2010-12-31 | 7.02% |
| 2010-10-03 | 6.14% |
| 2010-07-04 | 7.18% |
| 2010-04-04 | 6.72% |
| 2009-12-31 | 6.88% |
| 2009-09-27 | 9.27% |
| 2009-06-28 | 8.78% |
| 2009-03-29 | 10.19% |
| 2008-12-31 | 11.22% |
| 2008-09-28 | 9.49% |
| 2008-06-29 | 8.41% |
| 2008-03-30 | 7.38% |
| 2007-12-31 | 9.27% |
| 2007-09-30 | 9.28% |
| 2007-07-01 | 11.41% |
| 2007-04-01 | 11.96% |
| 2006-12-31 | 12.72% |
| 2006-10-01 | 13.85% |
| 2006-07-02 | 13.26% |
| 2006-04-02 | 14.16% |
| 2005-12-31 | 10.42% |
| 2005-10-02 | 11.66% |
| 2005-07-03 | 12.71% |
| 2005-04-03 | 10.61% |
| 2004-12-31 | 13.32% |
| 2004-09-26 | 11.72% |
| 2004-06-27 | 10.59% |
| 2004-03-28 | 6.30% |
| 2003-12-31 | 5.82% |
| 2003-09-28 | 6.80% |
| 2003-06-29 | 6.57% |
