Basis: Latest reported fiscal year. 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 12.45% is 50% above its 5-year average of 8.33%, near the high end of its 5-year range (5.23%–12.45%).
As of the fiscal period ended Wednesday, December 31, 2025. 40.84% above its 12-month average of 8.84%.
Annual fiscal-year return on invested capital; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
12.45%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
8.84%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
7.80%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
8.33%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
8.89%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
10.66%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
13.24%
CURRENT VS TTM AVG
+40.84%
CURRENT VS 3Y AVG
+59.67%
CURRENT VS 5Y AVG
+49.55%
CURRENT VS 10Y AVG
+40.09%
CURRENT VS 15Y AVG
+16.74%
CURRENT VS 20Y AVG
-5.98%
SECTOR MEDIAN · TECHNOLOGY
8.05%
median of 176 covered companies
CURRENT VS SECTOR MEDIAN
+54.56%
vs the sector median at left
SAP SE
Market Cap
$239.82B
Return on Invested Capital (ROIC)
12.45%
TTM Avg
8.84%
3Y Avg
7.80%
5Y Avg
8.33%
Market Cap
$236.55B
Return on Invested Capital (ROIC)
22.64%
TTM Avg
22.69%
3Y Avg
23.35%
5Y Avg
21.10%
Market Cap
$222.00B
Return on Invested Capital (ROIC)
10.37%
TTM Avg
9.77%
3Y Avg
8.86%
5Y Avg
7.58%
Market Cap
$258.25B
Return on Invested Capital (ROIC)
35.75%
TTM Avg
36.11%
3Y Avg
33.48%
5Y Avg
32.70%
Market Cap
$260.48B
Return on Invested Capital (ROIC)
16.46%
TTM Avg
15.57%
3Y Avg
22.12%
5Y Avg
25.67%
Market Cap
$215.56B
Return on Invested Capital (ROIC)
-4.24%
TTM Avg
-1.77%
3Y Avg
-2.52%
5Y Avg
-3.57%
Market Cap
$206.81B
Return on Invested Capital (ROIC)
15.12%
TTM Avg
15.01%
3Y Avg
15.20%
5Y Avg
14.59%
Market Cap
$194.16B
Return on Invested Capital (ROIC)
8.67%
TTM Avg
8.11%
3Y Avg
-0.35%
5Y Avg
0.30%
Market Cap
$190.32B
Return on Invested Capital (ROIC)
5.42%
TTM Avg
4.73%
3Y Avg
5.66%
5Y Avg
5.29%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| SAP SE (SAP) | $239.82B | 12.45% | 8.84% | 7.80% | 8.33% |
| Arista Networks, Inc. (ANET)vs › | $236.55B | 22.64% | 22.69% | 23.35% | 21.10% |
| International Business Machines Corporation (IBM)vs › | $222.00B | 10.37% | 9.77% | 8.86% | 7.58% |
| KLA Corporation (KLAC)vs › | $258.25B | 35.75% | 36.11% | 33.48% | 32.70% |
| Texas Instruments Incorporated (TXN)vs › | $260.48B | 16.46% | 15.57% | 22.12% | 25.67% |
| CrowdStrike Holdings, Inc. (CRWD)vs › | $215.56B | -4.24% | -1.77% | -2.52% | -3.57% |
| Amphenol Corporation (APH)vs › | $206.81B | 15.12% | 15.01% | 15.20% | 14.59% |
| Shopify Inc. (SHOP)vs › | $194.16B | 8.67% | 8.11% | -0.35% | 0.30% |
| Analog Devices, Inc. (ADI)vs › | $190.32B | 5.42% | 4.73% | 5.66% | 5.29% |
| Marvell Technology, Inc. (MRVL)vs › | $189.49B | 5.98% | 1.05% | -0.75% | -1.12% |
ROIC
12.4%
ROE
17.7%
ROIC = NOPAT / Invested Capital
Return on invested capital measures the after-tax return a company earns on all capital (debt and equity) invested in the business.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | RETURN ON INVESTED CAPITAL (ROIC) |
|---|---|
| 2025-12-31 | 12.45% |
| 2024-12-31 | 5.23% |
| 2023-12-31 | 6.70% |
| 2022-12-31 | 6.81% |
| 2021-12-31 | 8.55% |
| 2020-12-31 | 10.21% |
| 2019-12-31 | 6.00% |
| 2018-12-31 | 9.97% |
| 2017-12-31 | 11.68% |
| 2016-12-31 | 10.61% |
| 2015-12-31 | 9.55% |
| 2014-12-31 | 10.07% |
| 2013-12-31 | 16.36% |
| 2012-12-31 | 14.22% |
| 2011-12-31 | 19.25% |
| 2010-12-31 | 12.97% |
| 2009-12-31 | 17.98% |
| 2008-12-31 | 17.39% |
| 2007-12-31 | 25.75% |
| 2006-12-31 | 26.74% |
| 2005-12-31 | 19.60% |
| 2004-12-31 | 18.61% |
| 2003-12-31 | 20.02% |
| 2002-12-31 | -54.17% |
| 2001-12-31 | 16.42% |
| 2000-12-31 | 10.08% |
| 1999-12-31 | 15.94% |
| 1998-12-31 | 17.08% |
| 1997-12-31 | 20.64% |
| 1996-12-31 | 17.29% |
