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 30.79% is 35% above its 5-year average of 22.73%, near the high end of its 5-year range (14.06%–34.48%).
As of the fiscal period ended Sunday, June 28, 2026. 49.29% above its 12-month average of 20.63%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
30.79%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
20.63%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
16.31%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
22.73%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
20.76%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
15.89%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
14.20%
CURRENT VS TTM AVG
+49.29%
CURRENT VS 3Y AVG
+88.78%
CURRENT VS 5Y AVG
+35.46%
CURRENT VS 10Y AVG
+48.33%
CURRENT VS 15Y AVG
+93.83%
CURRENT VS 20Y AVG
+116.83%
SECTOR MEDIAN · TECHNOLOGY
8.17%
median of 193 covered companies
CURRENT VS SECTOR MEDIAN
+276.88%
vs the sector median at left
Teradyne, Inc.
Market Cap
$58.17B
Return on Invested Capital (ROIC)
30.79%
TTM Avg
20.63%
3Y Avg
16.31%
5Y Avg
22.73%
Market Cap
$58.53B
Return on Invested Capital (ROIC)
-2.24%
TTM Avg
-9.09%
3Y Avg
-6.87%
5Y Avg
-4.75%
Market Cap
$59.06B
Return on Invested Capital (ROIC)
5.11%
TTM Avg
3.84%
3Y Avg
2.70%
5Y Avg
3.59%
Market Cap
$56.98B
Return on Invested Capital (ROIC)
12.04%
TTM Avg
7.80%
3Y Avg
11.92%
5Y Avg
12.12%
Market Cap
$59.45B
Return on Invested Capital (ROIC)
13.59%
TTM Avg
11.73%
3Y Avg
12.72%
5Y Avg
13.02%
Market Cap
$59.86B
Return on Invested Capital (ROIC)
18.22%
TTM Avg
15.76%
3Y Avg
18.62%
5Y Avg
17.70%
Market Cap
$56.45B
Return on Invested Capital (ROIC)
12.71%
TTM Avg
11.97%
3Y Avg
13.63%
5Y Avg
11.52%
Market Cap
$54.46B
Return on Invested Capital (ROIC)
-0.36%
TTM Avg
1.00%
3Y Avg
0.55%
5Y Avg
0.55%
Market Cap
$54.43B
Return on Invested Capital (ROIC)
8.07%
TTM Avg
8.05%
3Y Avg
11.99%
5Y Avg
11.16%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Teradyne, Inc. (TER) | $58.17B | 30.79% | 20.63% | 16.31% | 22.73% |
| Nebius Group N.V. (NBIS)vs › | $58.53B | -2.24% | -9.09% | -6.87% | -4.75% |
| Coherent, Inc. (COHR)vs › | $59.06B | 5.11% | 3.84% | 2.70% | 3.59% |
| Keysight Technologies, Inc. (KEYS)vs › | $56.98B | 12.04% | 7.80% | 11.92% | 12.12% |
| TE Connectivity plc (TEL)vs › | $59.45B | 13.59% | 11.73% | 12.72% | 13.02% |
| Monolithic Power Systems, Inc. (MPWR)vs › | $59.86B | 18.22% | 15.76% | 18.62% | 17.70% |
| NXP Semiconductors N.V. (NXPI)vs › | $56.45B | 12.71% | 11.97% | 13.63% | 11.52% |
| CoreWeave, Inc. Class A Common Stock (CRWV)vs › | $54.46B | -0.36% | 1.00% | 0.55% | 0.55% |
| United Microelectronics Corporation (UMC)vs › | $54.43B | 8.07% | 8.05% | 11.99% | 11.16% |
| Garmin Ltd. (GRMN)vs › | $53.14B | 18.76% | 16.46% | 15.58% | 15.92% |
ROIC
30.8%
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 | 30.79% |
| 2026-03-29 | 25.66% |
| 2025-12-31 | 17.58% |
| 2025-09-28 | 14.06% |
| 2025-06-29 | 15.03% |
| 2025-03-30 | 18.60% |
| 2024-12-31 | 17.25% |
| 2024-09-29 | 15.37% |
| 2024-06-30 | 15.82% |
| 2024-03-31 | 14.48% |
| 2023-12-31 | 15.04% |
| 2023-10-01 | 17.01% |
| 2023-07-02 | 19.16% |
| 2023-04-02 | 22.13% |
| 2022-12-31 | 25.08% |
| 2022-10-02 | 29.65% |
| 2022-07-03 | 32.22% |
| 2022-04-03 | 34.15% |
| 2021-12-31 | 34.48% |
| 2021-10-03 | 33.65% |
| 2021-07-04 | 30.15% |
| 2021-04-04 | 27.32% |
| 2020-12-31 | 26.88% |
| 2020-09-27 | 26.81% |
| 2020-06-28 | 25.90% |
| 2020-03-29 | 24.38% |
| 2019-12-31 | 21.71% |
| 2019-09-29 | 22.15% |
| 2019-06-30 | 21.42% |
| 2019-03-31 | 21.41% |
| 2018-12-31 | 20.52% |
| 2018-09-30 | 10.43% |
| 2018-07-01 | 9.87% |
| 2018-04-01 | 11.25% |
| 2017-12-31 | 10.95% |
| 2017-10-01 | 16.33% |
| 2017-07-02 | 15.06% |
| 2017-04-02 | -0.91% |
| 2016-12-31 | -2.51% |
| 2016-10-02 | -6.46% |
| 2016-07-03 | -5.05% |
| 2016-04-03 | 10.00% |
| 2015-12-31 | 9.11% |
| 2015-10-04 | 4.21% |
| 2015-07-05 | 4.60% |
| 2015-04-05 | 4.67% |
| 2014-12-31 | 3.66% |
| 2014-09-28 | 7.87% |
| 2014-06-29 | 7.92% |
| 2014-03-30 | 6.95% |
| 2013-12-31 | 6.65% |
| 2013-09-29 | 6.39% |
| 2013-06-30 | 7.50% |
| 2013-03-31 | 9.72% |
| 2012-12-31 | 10.98% |
| 2012-09-30 | 14.54% |
| 2010-12-31 | 27.29% |
| 2010-10-03 | 25.23% |
| 2010-07-04 | 18.26% |
| 2010-04-04 | 1.81% |
| 2009-12-31 | -12.83% |
| 2009-10-04 | -57.25% |
| 2009-07-05 | -61.27% |
| 2009-04-05 | -53.50% |
| 2008-12-31 | -38.79% |
| 2008-09-28 | 0.22% |
| 2008-06-29 | 3.44% |
| 2008-03-30 | 4.00% |
| 2007-12-31 | 2.86% |
| 2007-09-30 | 2.30% |
| 2007-07-01 | 4.18% |
| 2007-04-01 | 8.14% |
| 2006-12-31 | 12.09% |
| 2006-10-01 | 14.11% |
| 2006-07-02 | 7.58% |
| 2006-04-02 | 0.14% |
| 2005-12-31 | -6.04% |
| 2005-10-02 | -9.28% |
| 2005-07-03 | -3.05% |
| 2005-04-03 | 4.42% |
| 2004-12-31 | 10.05% |
| 2004-10-03 | 9.14% |
| 2004-07-04 | 3.70% |
| 2004-04-04 | -3.84% |
| 2003-12-31 | -11.67% |
| 2003-09-28 | -20.63% |
| 2003-06-29 | -30.84% |
