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 6.79% is 844% above its 5-year average of 0.72%, near the high end of its 5-year range (-7.29%–7.86%).
As of the fiscal period ended Tuesday, June 30, 2026. 13.57% above its 12-month average of 5.98%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
6.79%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
5.98%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
2.30%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
0.72%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
-1.06%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
1.36%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
2.93%
CURRENT VS TTM AVG
+13.57%
CURRENT VS 3Y AVG
+195.20%
CURRENT VS 5Y AVG
+843.60%
CURRENT VS 10Y AVG
+738.81%
CURRENT VS 15Y AVG
+399.93%
CURRENT VS 20Y AVG
+131.51%
SECTOR MEDIAN · HEALTHCARE
8.75%
median of 88 covered companies
CURRENT VS SECTOR MEDIAN
-22.34%
vs the sector median at left
Teva Pharmaceutical Industries Limited
Market Cap
$42.59B
Return on Invested Capital (ROIC)
6.79%
TTM Avg
5.98%
3Y Avg
2.30%
5Y Avg
0.72%
Market Cap
$42.90B
Return on Invested Capital (ROIC)
8.32%
TTM Avg
8.41%
3Y Avg
8.23%
5Y Avg
6.99%
Market Cap
$43.37B
Return on Invested Capital (ROIC)
11.88%
TTM Avg
12.59%
3Y Avg
13.58%
5Y Avg
12.74%
Market Cap
$43.47B
Return on Invested Capital (ROIC)
41.33%
TTM Avg
37.21%
3Y Avg
35.10%
5Y Avg
36.21%
Market Cap
$46.84B
Return on Invested Capital (ROIC)
4.52%
TTM Avg
3.25%
3Y Avg
5.37%
5Y Avg
7.01%
Market Cap
$34.82B
Return on Invested Capital (ROIC)
3.35%
TTM Avg
4.01%
3Y Avg
3.42%
5Y Avg
2.30%
Market Cap
$34.57B
Return on Invested Capital (ROIC)
19.18%
TTM Avg
19.41%
3Y Avg
18.01%
5Y Avg
17.23%
Market Cap
$34.08B
Return on Invested Capital (ROIC)
21.71%
TTM Avg
13.47%
3Y Avg
11.13%
5Y Avg
9.67%
Market Cap
$51.89B
Return on Invested Capital (ROIC)
10.22%
TTM Avg
11.08%
3Y Avg
14.46%
5Y Avg
15.87%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Teva Pharmaceutical Industries Limited (TEVA) | $42.59B | 6.79% | 5.98% | 2.30% | 0.72% |
| IQVIA Holdings Inc. (IQV)vs › | $42.90B | 8.32% | 8.41% | 8.23% | 6.99% |
| Agilent Technologies, Inc. (A)vs › | $43.37B | 11.88% | 12.59% | 13.58% | 12.74% |
| IDEXX Laboratories, Inc. (IDXX)vs › | $43.47B | 41.33% | 37.21% | 35.10% | 36.21% |
| Humana Inc. (HUM)vs › | $46.84B | 4.52% | 3.25% | 5.37% | 7.01% |
| Alcon Inc. (ALC)vs › | $34.82B | 3.35% | 4.01% | 3.42% | 2.30% |
| ResMed Inc. (RMD)vs › | $34.57B | 19.18% | 19.41% | 18.01% | 17.23% |
| DexCom, Inc. (DXCM)vs › | $34.08B | 21.71% | 13.47% | 11.13% | 9.67% |
| Edwards Lifesciences Corporation (EW)vs › | $51.89B | 10.22% | 11.08% | 14.46% | 15.87% |
| Becton, Dickinson and Company (BDX)vs › | $52.14B | 3.72% | 4.38% | 4.32% | 3.88% |
ROIC
6.8%
ROE
9.1%
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 | 6.79% |
| 2026-03-31 | 7.86% |
| 2025-12-31 | 7.41% |
| 2025-09-30 | 4.73% |
| 2025-06-30 | 3.11% |
| 2025-03-31 | 1.57% |
| 2024-12-31 | -1.07% |
| 2024-09-30 | 1.58% |
| 2024-06-30 | 2.89% |
| 2024-03-31 | 0.71% |
| 2023-12-31 | 1.32% |
| 2023-09-30 | -3.66% |
| 2023-06-30 | -3.32% |
| 2023-03-31 | -4.10% |
| 2022-12-31 | -6.05% |
| 2022-09-30 | -3.28% |
| 2022-06-30 | -2.62% |
| 2022-03-31 | 1.52% |
| 2021-12-31 | 3.08% |
| 2021-09-30 | 3.96% |
| 2021-06-30 | -7.29% |
| 2021-03-31 | -8.40% |
| 2020-12-31 | -8.78% |
| 2020-09-30 | -9.64% |
| 2020-06-30 | 0.96% |
| 2020-03-31 | -0.86% |
| 2019-12-31 | -0.96% |
| 2019-09-30 | -8.12% |
| 2019-06-30 | -7.66% |
| 2019-03-31 | -6.23% |
| 2018-12-31 | -3.37% |
| 2018-09-30 | -21.72% |
| 2018-06-30 | -20.57% |
| 2018-03-31 | -30.24% |
| 2017-12-31 | -31.03% |
| 2017-09-30 | -6.41% |
| 2017-06-30 | -5.85% |
| 2017-03-31 | 1.34% |
| 2016-12-31 | 1.53% |
| 2016-09-30 | 2.81% |
| 2016-06-30 | 5.19% |
| 2016-03-31 | 6.15% |
| 2015-12-31 | 5.72% |
| 2015-09-30 | 6.75% |
| 2015-06-30 | 7.35% |
| 2015-03-31 | 8.60% |
| 2014-12-31 | 9.22% |
| 2014-09-30 | 8.16% |
| 2014-06-30 | 7.72% |
| 2014-03-31 | 4.56% |
| 2013-12-31 | 4.42% |
| 2013-09-30 | 3.71% |
| 2013-06-30 | 1.50% |
| 2013-03-31 | 5.60% |
| 2012-12-31 | 5.41% |
| 2012-09-30 | 6.20% |
| 2012-06-30 | 8.66% |
| 2012-03-31 | 4.61% |
| 2011-12-31 | 4.43% |
| 2011-09-30 | 3.82% |
| 2011-06-30 | 4.18% |
| 2011-03-31 | 9.07% |
| 2010-12-31 | 9.56% |
| 2010-09-30 | 9.79% |
| 2010-06-30 | 9.65% |
| 2010-03-31 | 8.84% |
| 2009-12-31 | 8.04% |
| 2009-09-30 | 4.97% |
| 2009-06-30 | 4.64% |
| 2009-03-31 | 4.56% |
| 2008-12-31 | 3.25% |
| 2008-09-30 | 9.28% |
| 2008-06-30 | 8.87% |
| 2008-03-31 | 8.69% |
| 2007-12-31 | 10.01% |
| 2007-09-30 | 9.72% |
| 2007-06-30 | 10.68% |
| 2007-03-31 | 11.18% |
| 2006-12-31 | 3.65% |
| 2006-09-30 | 2.75% |
| 2006-06-30 | 1.26% |
| 2006-03-31 | 0.13% |
| 2005-12-31 | 12.65% |
| 2005-09-30 | 13.09% |
| 2005-06-30 | 13.08% |
| 2005-03-31 | 12.80% |
| 2004-12-31 | 4.03% |
| 2004-09-30 | 3.40% |
| 2004-06-30 | 2.60% |
| 2004-03-31 | 2.48% |
| 2003-12-31 | 14.28% |
| 2003-09-30 | 14.89% |
| 2003-06-30 | 14.22% |
