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 7.37% is 26% below its 5-year average of 9.98%, near the low end of its 5-year range (5.04%–19.92%).
As of the fiscal period ended Tuesday, June 30, 2026. 24.77% above its 12-month average of 5.91%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 7.37%.
RETURN ON INVESTED CAPITAL (ROIC)
7.37%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
5.91%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
10.09%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
9.98%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
9.93%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
8.07%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
1.05%
CURRENT VS TTM AVG
+24.77%
CURRENT VS 3Y AVG
-26.90%
CURRENT VS 5Y AVG
-26.09%
CURRENT VS 10Y AVG
-25.73%
CURRENT VS 15Y AVG
-8.59%
CURRENT VS 20Y AVG
+603.16%
SECTOR MEDIAN · TECHNOLOGY
8.17%
median of 193 covered companies
CURRENT VS SECTOR MEDIAN
-9.74%
vs the sector median at left
Tower Semiconductor Ltd.
Market Cap
$24.43B
Return on Invested Capital (ROIC)
7.37%
TTM Avg
5.91%
3Y Avg
10.09%
5Y Avg
9.98%
Market Cap
$25.18B
Return on Invested Capital (ROIC)
9.73%
TTM Avg
9.11%
3Y Avg
14.76%
5Y Avg
15.52%
Market Cap
$25.21B
Return on Invested Capital (ROIC)
4.47%
TTM Avg
1.88%
3Y Avg
4.52%
5Y Avg
0.38%
Market Cap
$23.17B
Return on Invested Capital (ROIC)
34.41%
TTM Avg
23.54%
3Y Avg
22.47%
5Y Avg
18.59%
Market Cap
$25.94B
Return on Invested Capital (ROIC)
N/A
TTM Avg
95.28%
3Y Avg
77.28%
5Y Avg
58.97%
Market Cap
$25.94B
Return on Invested Capital (ROIC)
6.47%
TTM Avg
8.44%
3Y Avg
7.30%
5Y Avg
5.83%
Market Cap
$22.83B
Return on Invested Capital (ROIC)
13.66%
TTM Avg
13.38%
3Y Avg
11.41%
5Y Avg
10.61%
Market Cap
$26.22B
Return on Invested Capital (ROIC)
12.43%
TTM Avg
12.84%
3Y Avg
13.67%
5Y Avg
13.33%
Market Cap
$26.27B
Return on Invested Capital (ROIC)
6.05%
TTM Avg
5.96%
3Y Avg
5.53%
5Y Avg
5.53%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Tower Semiconductor Ltd. (TSEM) | $24.43B | 7.37% | 5.91% | 10.09% | 9.98% |
| Super Micro Computer, Inc. (SMCI)vs › | $25.18B | 9.73% | 9.11% | 14.76% | 15.52% |
| GLOBALFOUNDRIES Inc. (GFS)vs › | $25.21B | 4.47% | 1.88% | 4.52% | 0.38% |
| Verisk Analytics, Inc. (VRSK)vs › | $23.17B | 34.41% | 23.54% | 22.47% | 18.59% |
| VeriSign, Inc. (VRSN)vs › | $25.94B | N/A | 95.28% | 77.28% | 58.97% |
| Fiserv, Inc. (FISV)vs › | $25.94B | 6.47% | 8.44% | 7.30% | 5.83% |
| F5, Inc. (FFIV)vs › | $22.83B | 13.66% | 13.38% | 11.41% | 10.61% |
| Cognizant Technology Solutions Corporation (CTSH)vs › | $26.22B | 12.43% | 12.84% | 13.67% | 13.33% |
| Qnity Electronics, Inc. (Q)vs › | $26.27B | 6.05% | 5.96% | 5.53% | 5.53% |
| Corpay, Inc. (CPAY)vs › | $26.54B | 8.92% | 9.77% | 10.34% | 10.06% |
ROIC
7.4%
ROE
9.4%
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 | 7.37% |
| 2026-03-31 | 6.11% |
| 2025-12-31 | 5.73% |
| 2025-09-30 | 5.04% |
| 2025-06-30 | 5.30% |
| 2025-03-31 | 6.03% |
| 2024-12-31 | 6.41% |
| 2024-09-30 | 6.18% |
| 2024-06-30 | 16.62% |
| 2024-03-31 | 16.59% |
| 2023-12-31 | 18.00% |
| 2023-09-30 | 19.92% |
| 2023-06-30 | 11.84% |
| 2023-03-31 | 12.77% |
| 2022-12-31 | 12.24% |
| 2022-09-30 | 12.07% |
| 2022-06-30 | 10.63% |
| 2022-03-31 | 9.12% |
| 2021-12-31 | 8.11% |
| 2021-09-30 | 7.35% |
| 2021-06-30 | 6.10% |
| 2021-03-31 | 5.55% |
| 2020-12-31 | 4.43% |
| 2020-09-30 | 3.91% |
| 2020-06-30 | 4.35% |
| 2020-03-31 | 4.39% |
| 2019-12-31 | 4.81% |
| 2019-09-30 | 6.21% |
| 2019-06-30 | 7.09% |
| 2019-03-31 | 8.59% |
| 2018-12-31 | 9.35% |
| 2018-09-30 | 10.96% |
| 2018-06-30 | 11.99% |
| 2018-03-31 | 13.05% |
| 2017-12-31 | 14.88% |
| 2017-09-30 | 16.13% |
| 2017-06-30 | 16.32% |
| 2017-03-31 | 15.71% |
| 2016-12-31 | 14.73% |
| 2016-09-30 | 13.22% |
| 2016-06-30 | 11.89% |
| 2016-03-31 | 11.60% |
| 2015-12-31 | 10.39% |
| 2015-09-30 | 10.80% |
| 2015-06-30 | 5.26% |
| 2015-03-31 | -2.28% |
| 2014-12-31 | -14.53% |
| 2014-09-30 | -19.48% |
| 2014-06-30 | -18.12% |
| 2014-03-31 | -15.73% |
| 2013-12-31 | -9.19% |
| 2013-09-30 | -8.24% |
| 2013-06-30 | -5.65% |
| 2013-03-31 | -3.59% |
| 2012-12-31 | -0.36% |
| 2012-09-30 | 0.54% |
| 2012-06-30 | -0.01% |
| 2012-03-31 | 0.81% |
| 2011-12-31 | 1.55% |
| 2011-09-30 | 2.95% |
| 2011-06-30 | 4.60% |
| 2011-03-31 | 4.77% |
| 2010-12-31 | 6.43% |
| 2010-09-30 | 2.17% |
| 2010-06-30 | -4.71% |
| 2010-03-31 | -9.60% |
| 2009-12-31 | -14.56% |
| 2009-09-30 | -17.29% |
| 2009-06-30 | -39.47% |
| 2009-03-31 | -37.86% |
| 2008-12-31 | -35.51% |
| 2008-09-30 | -34.44% |
| 2008-06-30 | -15.72% |
| 2008-03-31 | -15.35% |
| 2007-12-31 | -16.08% |
| 2007-09-30 | -16.90% |
| 2007-06-30 | -11.29% |
| 2007-03-31 | -9.78% |
| 2006-12-31 | -9.57% |
| 2006-09-30 | -13.64% |
| 2006-06-30 | -25.63% |
| 2006-03-31 | -27.22% |
| 2005-12-31 | -27.84% |
| 2005-09-30 | -29.38% |
| 2005-06-30 | -25.53% |
| 2005-03-31 | -21.72% |
| 2004-12-31 | -18.21% |
| 2004-09-30 | -17.05% |
| 2004-06-30 | -17.50% |
| 2004-03-31 | -15.64% |
| 2003-12-31 | -14.13% |
| 2003-09-30 | -11.48% |
| 2003-06-30 | -8.63% |
