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 9.25% is 52% above its 5-year average of 6.09%, near the high end of its 5-year range (3.48%–9.25%).
As of the fiscal period ended Friday, July 3, 2026. 35.70% above its 12-month average of 6.82%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
9.25%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
6.82%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
5.02%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
6.09%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
5.94%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
5.85%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
6.17%
CURRENT VS TTM AVG
+35.70%
CURRENT VS 3Y AVG
+84.10%
CURRENT VS 5Y AVG
+51.81%
CURRENT VS 10Y AVG
+55.82%
CURRENT VS 15Y AVG
+58.17%
CURRENT VS 20Y AVG
+50.00%
SECTOR MEDIAN · TECHNOLOGY
8.17%
median of 193 covered companies
CURRENT VS SECTOR MEDIAN
+13.22%
vs the sector median at left
Trimble Inc.
Market Cap
$13.70B
Return on Invested Capital (ROIC)
9.25%
TTM Avg
6.82%
3Y Avg
5.02%
5Y Avg
6.09%
Market Cap
$13.57B
Return on Invested Capital (ROIC)
13.93%
TTM Avg
17.05%
3Y Avg
18.54%
5Y Avg
18.52%
Market Cap
$13.98B
Return on Invested Capital (ROIC)
3.42%
TTM Avg
5.19%
3Y Avg
6.67%
5Y Avg
7.82%
Market Cap
$14.24B
Return on Invested Capital (ROIC)
6.13%
TTM Avg
6.32%
3Y Avg
5.63%
5Y Avg
6.03%
Market Cap
$12.91B
Return on Invested Capital (ROIC)
2.70%
TTM Avg
0.52%
3Y Avg
-5.02%
5Y Avg
-10.45%
Market Cap
$14.66B
Return on Invested Capital (ROIC)
5.60%
TTM Avg
5.80%
3Y Avg
5.73%
5Y Avg
5.34%
Market Cap
$12.60B
Return on Invested Capital (ROIC)
7.31%
TTM Avg
6.11%
3Y Avg
8.46%
5Y Avg
9.85%
Market Cap
$14.92B
Return on Invested Capital (ROIC)
15.72%
TTM Avg
15.37%
3Y Avg
15.36%
5Y Avg
15.31%
Market Cap
$12.43B
Return on Invested Capital (ROIC)
15.06%
TTM Avg
10.65%
3Y Avg
4.36%
5Y Avg
-0.27%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Trimble Inc. (TRMB) | $13.70B | 9.25% | 6.82% | 5.02% | 6.09% |
| Check Point Software Technologies Ltd. (CHKP)vs › | $13.57B | 13.93% | 17.05% | 18.54% | 18.52% |
| Onto Innovation Inc. (ONTO)vs › | $13.98B | 3.42% | 5.19% | 6.67% | 7.82% |
| Tyler Technologies, Inc. (TYL)vs › | $14.24B | 6.13% | 6.32% | 5.63% | 6.03% |
| Grab Holdings Limited (GRAB)vs › | $12.91B | 2.70% | 0.52% | -5.02% | -10.45% |
| Dynatrace, Inc. (DT)vs › | $14.66B | 5.60% | 5.80% | 5.73% | 5.34% |
| Amkor Technology, Inc. (AMKR)vs › | $12.60B | 7.31% | 6.11% | 8.46% | 9.85% |
| Fabrinet (FN)vs › | $14.92B | 15.72% | 15.37% | 15.36% | 15.31% |
| DocuSign, Inc. (DOCU)vs › | $12.43B | 15.06% | 10.65% | 4.36% | -0.27% |
| HubSpot, Inc. (HUBS)vs › | $12.30B | 5.70% | -0.53% | -4.07% | -3.84% |
ROIC
9.3%
ROE
-2.0%
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) |
|---|---|
| 2026-07-03 | 9.25% |
| 2026-04-03 | 7.09% |
| 2026-01-02 | 6.48% |
| 2025-10-03 | 6.15% |
| 2025-07-04 | 5.11% |
| 2025-04-04 | 4.56% |
| 2024-12-31 | 4.47% |
| 2024-09-27 | 3.48% |
| 2024-06-28 | 3.71% |
| 2024-03-31 | 4.67% |
| 2023-12-31 | 4.75% |
| 2023-09-29 | 4.79% |
| 2023-06-30 | 4.40% |
| 2023-03-31 | 5.69% |
| 2022-12-31 | 6.61% |
| 2022-09-30 | 7.29% |
| 2022-07-01 | 8.01% |
| 2022-04-01 | 8.26% |
| 2021-12-31 | 8.09% |
| 2021-10-01 | 8.99% |
| 2021-07-02 | 8.57% |
| 2021-04-02 | 7.90% |
| 2020-12-31 | 7.13% |
| 2020-10-02 | 6.76% |
| 2020-07-03 | 6.54% |
| 2020-04-03 | 6.73% |
| 2019-12-31 | 6.63% |
| 2019-09-27 | 7.22% |
| 2019-06-28 | 7.10% |
| 2019-03-29 | 6.75% |
| 2018-12-31 | 6.44% |
| 2018-09-28 | 3.55% |
| 2018-06-29 | 3.72% |
| 2018-03-30 | 3.52% |
| 2017-12-31 | 3.74% |
| 2017-09-29 | 5.08% |
| 2017-06-30 | 5.01% |
| 2017-03-31 | 4.85% |
| 2016-12-31 | 4.35% |
| 2016-09-30 | 3.98% |
| 2016-07-01 | 3.93% |
| 2016-04-01 | 3.56% |
| 2015-12-31 | 3.91% |
| 2015-10-02 | 4.88% |
| 2015-07-03 | 4.09% |
| 2015-04-03 | 5.63% |
| 2014-12-31 | 6.26% |
| 2014-10-03 | 6.37% |
| 2014-07-04 | 7.42% |
| 2014-04-04 | 6.86% |
| 2013-12-31 | 6.72% |
| 2013-09-27 | 5.74% |
| 2013-06-28 | 5.66% |
| 2013-03-29 | 5.69% |
| 2012-12-31 | 5.78% |
| 2012-09-28 | 6.73% |
| 2012-06-29 | 5.98% |
| 2012-03-30 | 6.10% |
| 2011-12-31 | 6.03% |
| 2011-09-30 | 6.06% |
| 2011-07-01 | 7.95% |
| 2011-04-01 | 6.04% |
| 2010-12-31 | 5.80% |
| 2010-10-01 | 4.56% |
| 2010-07-02 | 4.05% |
| 2010-04-02 | 4.44% |
| 2009-12-31 | 4.09% |
| 2009-10-02 | 4.47% |
| 2009-07-03 | 6.19% |
| 2009-04-03 | 8.20% |
| 2008-12-31 | 9.68% |
| 2008-09-26 | 11.08% |
| 2008-06-27 | 10.26% |
| 2008-03-28 | 9.31% |
| 2007-12-31 | 8.83% |
| 2007-09-28 | 8.66% |
| 2007-06-29 | 8.52% |
| 2007-03-30 | 7.98% |
| 2006-12-31 | 11.88% |
| 2006-09-29 | 12.17% |
| 2006-06-30 | 12.70% |
| 2006-03-31 | 13.91% |
| 2005-12-31 | 14.24% |
| 2005-09-30 | 15.12% |
| 2005-06-30 | 15.70% |
| 2005-03-31 | 14.92% |
| 2004-12-31 | 14.39% |
| 2004-10-01 | 15.57% |
| 2004-07-02 | 14.14% |
| 2004-04-02 | 12.98% |
| 2003-12-31 | 11.70% |
| 2003-10-03 | 10.10% |
| 2003-07-04 | 9.73% |
