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 9.82% is in line with its 5-year average of 10.60%, near the low end of its 5-year range (9.63%–11.69%).
As of the fiscal period ended Tuesday, June 30, 2026. 5.82% below its 12-month average of 10.42%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 9.82%.
RETURN ON INVESTED CAPITAL (ROIC)
9.82%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
10.42%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
10.72%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
10.60%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
10.34%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
10.08%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
11.19%
CURRENT VS TTM AVG
-5.82%
CURRENT VS 3Y AVG
-8.41%
CURRENT VS 5Y AVG
-7.37%
CURRENT VS 10Y AVG
-5.05%
CURRENT VS 15Y AVG
-2.67%
CURRENT VS 20Y AVG
-12.29%
SECTOR MEDIAN · HEALTHCARE
8.75%
median of 90 covered companies
CURRENT VS SECTOR MEDIAN
+12.25%
vs the sector median at left
Stryker Corporation
Market Cap
$107.92B
Return on Invested Capital (ROIC)
9.82%
TTM Avg
10.42%
3Y Avg
10.72%
5Y Avg
10.60%
Market Cap
$105.32B
Return on Invested Capital (ROIC)
28.34%
TTM Avg
27.87%
3Y Avg
25.19%
5Y Avg
21.44%
Market Cap
$101.81B
Return on Invested Capital (ROIC)
5.42%
TTM Avg
6.63%
3Y Avg
6.62%
5Y Avg
7.56%
Market Cap
$100.20B
Return on Invested Capital (ROIC)
13.95%
TTM Avg
12.57%
3Y Avg
12.55%
5Y Avg
10.41%
Market Cap
$120.00B
Return on Invested Capital (ROIC)
6.44%
TTM Avg
6.11%
3Y Avg
5.46%
5Y Avg
5.53%
Market Cap
$120.56B
Return on Invested Capital (ROIC)
4.14%
TTM Avg
4.18%
3Y Avg
4.49%
5Y Avg
4.97%
Market Cap
$91.76B
Return on Invested Capital (ROIC)
19.41%
TTM Avg
17.66%
3Y Avg
17.17%
5Y Avg
17.02%
Market Cap
$90.55B
Return on Invested Capital (ROIC)
6.34%
TTM Avg
6.70%
3Y Avg
7.11%
5Y Avg
7.33%
Market Cap
$130.18B
Return on Invested Capital (ROIC)
15.47%
TTM Avg
14.35%
3Y Avg
12.24%
5Y Avg
10.38%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Stryker Corporation (SYK) | $107.92B | 9.82% | 10.42% | 10.72% | 10.60% |
| McKesson Corporation (MCK)vs › | $105.32B | 28.34% | 27.87% | 25.19% | 21.44% |
| Sanofi (SNY)vs › | $101.81B | 5.42% | 6.63% | 6.62% | 7.56% |
| GSK plc (GSK)vs › | $100.20B | 13.95% | 12.57% | 12.55% | 10.41% |
| Medtronic plc (MDT)vs › | $120.00B | 6.44% | 6.11% | 5.46% | 5.53% |
| CVS Health Corp. (CVS)vs › | $120.56B | 4.14% | 4.18% | 4.49% | 4.97% |
| HCA Healthcare, Inc. (HCA)vs › | $91.76B | 19.41% | 17.66% | 17.17% | 17.02% |
| Elevance Health Inc. (ELV)vs › | $90.55B | 6.34% | 6.70% | 7.11% | 7.33% |
| Bristol-Myers Squibb Company (BMY)vs › | $130.18B | 15.47% | 14.35% | 12.24% | 10.38% |
| Vertex Pharmaceuticals Incorporated (VRTX)vs › | $130.62B | 17.33% | 8.72% | 13.98% | 17.04% |
ROIC
9.8%
ROE
15.6%
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 | 9.82% |
| 2026-03-31 | 9.63% |
| 2025-12-31 | 9.84% |
| 2025-09-30 | 11.33% |
| 2025-06-30 | 11.51% |
| 2025-03-31 | 10.99% |
| 2024-12-31 | 11.69% |
| 2024-09-30 | 10.68% |
| 2024-06-30 | 11.41% |
| 2024-03-31 | 11.10% |
| 2023-12-31 | 10.92% |
| 2023-09-30 | 10.02% |
| 2023-06-30 | 10.40% |
| 2023-03-31 | 10.41% |
| 2022-12-31 | 10.29% |
| 2022-09-30 | 10.55% |
| 2022-06-30 | 10.21% |
| 2022-03-31 | 10.13% |
| 2021-12-31 | 10.57% |
| 2021-09-30 | 10.61% |
| 2021-06-30 | 10.46% |
| 2021-03-31 | 8.10% |
| 2020-12-31 | 7.97% |
| 2020-09-30 | 7.90% |
| 2020-06-30 | 7.60% |
| 2020-03-31 | 10.17% |
| 2019-12-31 | 10.17% |
| 2019-09-30 | 13.79% |
| 2019-06-30 | 13.72% |
| 2019-03-31 | 13.56% |
| 2018-12-31 | 12.81% |
| 2018-09-30 | 8.29% |
| 2018-06-30 | 8.29% |
| 2018-03-31 | 7.81% |
| 2017-12-31 | 7.52% |
| 2017-09-30 | 12.23% |
| 2017-06-30 | 11.95% |
| 2017-03-31 | 11.58% |
| 2016-12-31 | 11.16% |
| 2016-09-30 | 10.88% |
| 2016-06-30 | 9.83% |
| 2016-03-31 | 9.72% |
| 2015-12-31 | 10.86% |
| 2015-09-30 | 8.90% |
| 2015-06-30 | 6.55% |
| 2015-03-31 | 6.10% |
| 2014-12-31 | 5.34% |
| 2014-09-30 | 5.51% |
| 2014-06-30 | 5.78% |
| 2014-03-31 | 6.10% |
| 2013-12-31 | 7.95% |
| 2013-09-30 | 7.42% |
| 2013-06-30 | 9.48% |
| 2013-03-31 | 10.41% |
| 2012-12-31 | 11.38% |
| 2012-09-30 | 12.80% |
| 2012-06-30 | 13.12% |
| 2012-03-31 | 12.66% |
| 2011-12-31 | 12.69% |
| 2011-09-30 | 11.90% |
| 2011-06-30 | 12.60% |
| 2011-03-31 | 13.27% |
| 2010-12-31 | 13.84% |
| 2010-09-30 | 13.73% |
| 2010-06-30 | 13.34% |
| 2010-03-31 | 12.99% |
| 2009-12-31 | 14.22% |
| 2009-09-30 | 14.52% |
| 2009-06-30 | 15.95% |
| 2009-03-31 | 17.18% |
| 2008-12-31 | 17.91% |
| 2008-09-30 | 16.95% |
| 2008-06-30 | 19.13% |
| 2008-03-31 | 19.03% |
| 2007-12-31 | 20.18% |
| 2007-09-30 | 20.33% |
| 2007-06-30 | 16.00% |
| 2007-03-31 | 16.82% |
| 2006-12-31 | 16.68% |
| 2006-09-30 | 16.71% |
| 2006-06-30 | 16.46% |
| 2006-03-31 | 16.49% |
| 2005-12-31 | 17.96% |
| 2005-09-30 | 19.40% |
| 2005-06-30 | 16.64% |
| 2005-03-31 | 16.19% |
| 2004-12-31 | 15.70% |
| 2004-09-30 | 16.59% |
| 2004-06-30 | 20.57% |
| 2004-03-31 | 20.47% |
| 2003-12-31 | 20.42% |
| 2003-09-30 | 19.14% |
| 2003-06-30 | 17.87% |
