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 17.42% is 27% below its 5-year average of 23.71%, near the low end of its 5-year range (15.48%–35.30%).
As of the fiscal period ended Sunday, June 28, 2026. 6.95% below its 12-month average of 18.72%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q3 FY2026 (2026-06-28): 17.42%.
RETURN ON INVESTED CAPITAL (ROIC)
17.42%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
18.72%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
19.51%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
23.71%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
17.92%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
15.52%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
14.03%
CURRENT VS TTM AVG
-6.95%
CURRENT VS 3Y AVG
-10.69%
CURRENT VS 5Y AVG
-26.53%
CURRENT VS 10Y AVG
-2.80%
CURRENT VS 15Y AVG
+12.24%
CURRENT VS 20Y AVG
+24.12%
SECTOR MEDIAN · TECHNOLOGY
8.17%
median of 192 covered companies
CURRENT VS SECTOR MEDIAN
+113.22%
vs the sector median at left
QUALCOMM Incorporated
Market Cap
$185.72B
Return on Invested Capital (ROIC)
17.42%
TTM Avg
18.72%
3Y Avg
19.51%
5Y Avg
23.71%
Market Cap
$193.36B
Return on Invested Capital (ROIC)
51.40%
TTM Avg
51.40%
3Y Avg
30.73%
5Y Avg
23.51%
Market Cap
$175.96B
Return on Invested Capital (ROIC)
9.62%
TTM Avg
4.73%
3Y Avg
5.67%
5Y Avg
5.29%
Market Cap
$197.89B
Return on Invested Capital (ROIC)
15.10%
TTM Avg
15.01%
3Y Avg
15.20%
5Y Avg
14.59%
Market Cap
$198.76B
Return on Invested Capital (ROIC)
5.44%
TTM Avg
1.03%
3Y Avg
-0.05%
5Y Avg
-0.75%
Market Cap
$199.02B
Return on Invested Capital (ROIC)
8.78%
TTM Avg
8.41%
3Y Avg
5.81%
5Y Avg
4.14%
Market Cap
$164.28B
Return on Invested Capital (ROIC)
11.67%
TTM Avg
8.12%
3Y Avg
-0.45%
5Y Avg
0.23%
Market Cap
$158.87B
Return on Invested Capital (ROIC)
40.19%
TTM Avg
39.70%
3Y Avg
19.73%
5Y Avg
12.92%
Market Cap
$212.67B
Return on Invested Capital (ROIC)
-1.57%
TTM Avg
-2.75%
3Y Avg
-3.01%
5Y Avg
-3.90%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| QUALCOMM Incorporated (QCOM) | $185.72B | 17.42% | 18.72% | 19.51% | 23.71% |
| Seagate Technology Holdings plc (STX)vs › | $193.36B | 51.40% | 51.40% | 30.73% | 23.51% |
| Analog Devices, Inc. (ADI)vs › | $175.96B | 9.62% | 4.73% | 5.67% | 5.29% |
| Amphenol Corporation (APH)vs › | $197.89B | 15.10% | 15.01% | 15.20% | 14.59% |
| Marvell Technology, Inc. (MRVL)vs › | $198.76B | 5.44% | 1.03% | -0.05% | -0.75% |
| Salesforce, Inc. (CRM)vs › | $199.02B | 8.78% | 8.41% | 5.81% | 4.14% |
| Shopify Inc. (SHOP)vs › | $164.28B | 11.67% | 8.12% | -0.45% | 0.23% |
| Western Digital Corporation (WDC)vs › | $158.87B | 40.19% | 39.70% | 19.73% | 12.92% |
| CrowdStrike Holdings, Inc. (CRWD)vs › | $212.67B | -1.57% | -2.75% | -3.01% | -3.90% |
| International Business Machines Corporation (IBM)vs › | $220.48B | 10.12% | 9.80% | 8.91% | 7.63% |
ROIC
17.4%
ROE
33.5%
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 | 17.42% |
| 2026-03-29 | 20.12% |
| 2025-12-28 | 15.48% |
| 2025-09-28 | 16.53% |
| 2025-06-29 | 24.05% |
| 2025-03-30 | 23.07% |
| 2024-12-29 | 21.67% |
| 2024-09-30 | 21.36% |
| 2024-06-23 | 19.33% |
| 2024-03-24 | 18.51% |
| 2023-12-24 | 18.44% |
| 2023-09-30 | 18.10% |
| 2023-06-25 | 22.03% |
| 2023-03-26 | 27.48% |
| 2022-12-25 | 30.70% |
| 2022-09-30 | 35.13% |
| 2022-06-26 | 35.30% |
| 2022-03-27 | 32.45% |
| 2021-12-26 | 29.56% |
| 2021-09-30 | 27.49% |
| 2021-06-27 | 31.49% |
| 2021-03-28 | 28.11% |
| 2020-12-27 | 24.59% |
| 2020-09-30 | 20.73% |
| 2020-06-28 | 12.75% |
| 2020-03-29 | 17.93% |
| 2019-12-29 | 16.63% |
| 2019-09-30 | 16.95% |
| 2019-06-30 | 13.36% |
| 2019-03-31 | 7.75% |
| 2018-12-30 | 5.67% |
| 2018-09-30 | 1.76% |
| 2018-06-24 | 1.77% |
| 2018-03-25 | 1.57% |
| 2017-12-24 | 1.84% |
| 2017-09-30 | 3.74% |
| 2017-06-25 | 6.06% |
| 2017-03-26 | 8.50% |
| 2016-12-25 | 9.88% |
| 2016-09-30 | 11.58% |
| 2016-06-26 | 10.76% |
| 2016-03-27 | 10.24% |
| 2015-12-27 | 9.80% |
| 2015-09-30 | 10.26% |
| 2015-06-28 | 11.44% |
| 2015-03-29 | 14.78% |
| 2014-12-28 | 16.71% |
| 2014-09-30 | 15.22% |
| 2014-06-29 | 14.44% |
| 2014-03-30 | 13.43% |
| 2013-12-29 | 13.56% |
| 2013-09-30 | 14.98% |
| 2013-06-30 | 13.72% |
| 2013-03-31 | 12.76% |
| 2012-12-30 | 12.60% |
| 2012-09-30 | 12.13% |
| 2012-06-24 | 12.02% |
| 2012-03-25 | 11.67% |
| 2011-12-25 | 11.79% |
| 2011-09-30 | 11.44% |
| 2011-06-26 | 10.66% |
| 2011-03-27 | 10.29% |
| 2010-12-26 | 10.25% |
| 2010-09-30 | 10.09% |
| 2010-06-27 | 10.28% |
| 2010-03-28 | 10.53% |
| 2009-12-27 | 7.10% |
| 2009-09-30 | 6.92% |
| 2009-06-28 | 8.67% |
| 2009-03-29 | 9.51% |
| 2008-12-28 | 14.20% |
| 2008-09-30 | 13.72% |
| 2008-06-29 | 16.88% |
| 2008-03-30 | 17.90% |
| 2007-12-30 | 17.10% |
| 2007-09-30 | 16.17% |
| 2007-07-01 | 13.61% |
| 2007-04-01 | 13.82% |
| 2006-12-31 | 14.04% |
| 2006-09-30 | 15.27% |
| 2006-06-25 | 15.31% |
| 2006-03-26 | 14.27% |
| 2005-12-25 | 15.80% |
| 2005-09-30 | 15.95% |
| 2005-06-26 | 15.69% |
| 2005-03-27 | 15.59% |
| 2004-12-26 | 15.32% |
| 2004-09-30 | 15.46% |
| 2004-06-27 | 15.72% |
| 2004-03-28 | 13.57% |
| 2003-12-28 | 10.77% |
| 2003-09-30 | 10.39% |
| 2003-06-29 | 9.90% |
