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 7.86% is in line with its 5-year average of 8.41%, around the middle of its 5-year range (3.20%–12.48%).
As of the fiscal period ended Tuesday, June 30, 2026. 73.20% above its 12-month average of 4.54%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q4 FY2026 (2026-06-30): 7.86%.
RETURN ON INVESTED CAPITAL (ROIC)
7.86%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
4.54%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
6.65%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
8.41%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
7.86%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
9.83%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
12.50%
CURRENT VS TTM AVG
+73.20%
CURRENT VS 3Y AVG
+18.03%
CURRENT VS 5Y AVG
-6.59%
CURRENT VS 10Y AVG
-0.09%
CURRENT VS 15Y AVG
-20.08%
CURRENT VS 20Y AVG
-37.18%
SECTOR MEDIAN · HEALTHCARE
8.75%
median of 90 covered companies
CURRENT VS SECTOR MEDIAN
-10.18%
vs the sector median at left
Bio-Techne Corporation
Market Cap
$11.37B
Return on Invested Capital (ROIC)
7.86%
TTM Avg
4.54%
3Y Avg
6.65%
5Y Avg
8.41%
Market Cap
$11.46B
Return on Invested Capital (ROIC)
11.18%
TTM Avg
11.30%
3Y Avg
9.75%
5Y Avg
9.57%
Market Cap
$10.83B
Return on Invested Capital (ROIC)
11.74%
TTM Avg
10.95%
3Y Avg
8.97%
5Y Avg
9.05%
Market Cap
$10.80B
Return on Invested Capital (ROIC)
4.76%
TTM Avg
4.09%
3Y Avg
3.90%
5Y Avg
4.30%
Market Cap
$12.08B
Return on Invested Capital (ROIC)
-1.61%
TTM Avg
-0.86%
3Y Avg
-2.74%
5Y Avg
0.22%
Market Cap
$10.51B
Return on Invested Capital (ROIC)
8.90%
TTM Avg
10.00%
3Y Avg
10.19%
5Y Avg
11.72%
Market Cap
$12.25B
Return on Invested Capital (ROIC)
13.42%
TTM Avg
12.59%
3Y Avg
14.85%
5Y Avg
11.33%
Market Cap
$10.26B
Return on Invested Capital (ROIC)
1.54%
TTM Avg
2.53%
3Y Avg
2.92%
5Y Avg
2.77%
Market Cap
$10.21B
Return on Invested Capital (ROIC)
7.29%
TTM Avg
7.04%
3Y Avg
6.95%
5Y Avg
7.54%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Bio-Techne Corporation (TECH) | $11.37B | 7.86% | 4.54% | 6.65% | 8.41% |
| DaVita Inc. (DVA)vs › | $11.46B | 11.18% | 11.30% | 9.75% | 9.57% |
| Universal Health Services, Inc. (UHS)vs › | $10.83B | 11.74% | 10.95% | 8.97% | 9.05% |
| The Cooper Companies, Inc. (COO)vs › | $10.80B | 4.76% | 4.09% | 3.90% | 4.30% |
| Baxter International Inc. (BAX)vs › | $12.08B | -1.61% | -0.86% | -2.74% | 0.22% |
| Align Technology, Inc. (ALGN)vs › | $10.51B | 8.90% | 10.00% | 10.19% | 11.72% |
| Encompass Health Corporation (EHC)vs › | $12.25B | 13.42% | 12.59% | 14.85% | 11.33% |
| Bio-Rad Laboratories, Inc. (BIO)vs › | $10.26B | 1.54% | 2.53% | 2.92% | 2.77% |
| The Ensign Group, Inc. (ENSG)vs › | $10.21B | 7.29% | 7.04% | 6.95% | 7.54% |
| Penumbra, Inc. (PEN)vs › | $12.56B | 8.48% | 7.10% | 4.92% | 2.27% |
ROIC
7.9%
ROE
8.6%
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 | 7.86% |
| 2026-03-31 | 4.75% |
| 2025-12-31 | 3.49% |
| 2025-09-30 | 3.39% |
| 2025-06-30 | 3.20% |
| 2025-03-31 | 5.61% |
| 2024-12-31 | 6.79% |
| 2024-09-30 | 6.29% |
| 2024-06-30 | 7.35% |
| 2024-03-31 | 8.68% |
| 2023-12-31 | 9.23% |
| 2023-09-30 | 9.85% |
| 2023-06-30 | 10.04% |
| 2023-03-31 | 9.57% |
| 2022-12-31 | 10.88% |
| 2022-09-30 | 11.00% |
| 2022-06-30 | 12.15% |
| 2022-03-31 | 12.48% |
| 2021-12-31 | 11.86% |
| 2021-09-30 | 11.63% |
| 2021-06-30 | 10.53% |
| 2021-03-31 | 9.63% |
| 2020-12-31 | 8.17% |
| 2020-09-30 | 7.36% |
| 2020-06-30 | 6.75% |
| 2020-03-31 | 6.65% |
| 2019-12-31 | 6.70% |
| 2019-09-30 | 6.88% |
| 2019-06-30 | 7.01% |
| 2019-03-31 | 6.78% |
| 2018-12-31 | 6.51% |
| 2018-09-30 | 7.55% |
| 2018-06-30 | 8.95% |
| 2018-03-31 | 8.71% |
| 2017-12-31 | 8.59% |
| 2017-09-30 | 5.60% |
| 2017-06-30 | 5.54% |
| 2017-03-31 | 5.35% |
| 2016-12-31 | 5.94% |
| 2016-09-30 | 7.19% |
| 2016-06-30 | 9.89% |
| 2016-03-31 | 9.56% |
| 2015-12-31 | 9.01% |
| 2015-09-30 | 9.24% |
| 2015-06-30 | 10.00% |
| 2015-03-31 | 9.65% |
| 2014-12-31 | 10.15% |
| 2014-09-30 | 10.87% |
| 2014-06-30 | 13.04% |
| 2014-03-31 | 13.79% |
| 2013-12-31 | 14.42% |
| 2013-09-30 | 14.85% |
| 2013-06-30 | 14.88% |
| 2013-03-31 | 15.24% |
| 2012-12-31 | 15.94% |
| 2012-09-30 | 16.36% |
| 2012-06-30 | 16.84% |
| 2012-03-31 | 17.68% |
| 2011-12-31 | 18.39% |
| 2011-09-30 | 18.74% |
| 2011-06-30 | 18.51% |
| 2011-03-31 | 19.25% |
| 2010-12-31 | 20.47% |
| 2010-09-30 | 20.86% |
| 2010-06-30 | 21.86% |
| 2010-03-31 | 21.56% |
| 2009-12-31 | 21.11% |
| 2009-09-30 | 21.47% |
| 2009-06-30 | 22.37% |
| 2009-03-31 | 24.25% |
| 2008-12-31 | 24.70% |
| 2008-09-30 | 21.12% |
| 2008-06-30 | 19.94% |
| 2008-03-31 | 19.84% |
| 2007-12-31 | 18.80% |
| 2007-09-30 | 18.10% |
| 2007-06-30 | 18.73% |
| 2007-03-31 | 19.21% |
| 2006-12-31 | 19.73% |
| 2006-09-30 | 19.74% |
| 2006-06-30 | 20.24% |
| 2006-03-31 | 21.43% |
| 2005-12-31 | 23.18% |
| 2005-09-30 | 21.95% |
| 2005-06-30 | 22.91% |
| 2005-03-31 | 23.25% |
| 2004-12-31 | 16.40% |
| 2004-09-30 | 16.58% |
| 2004-06-30 | 16.84% |
| 2004-03-31 | 17.05% |
| 2003-12-31 | 17.21% |
| 2003-09-30 | 17.25% |
| 2003-06-30 | 17.38% |
