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 6.13% is in line with its 5-year average of 5.65%, around the middle of its 5-year range (4.71%–7.71%).
As of the fiscal period ended Tuesday, June 30, 2026. 8.81% below its 12-month average of 6.72%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 6.13%.
RETURN ON INVESTED CAPITAL (ROIC)
6.13%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
6.72%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
6.00%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
5.65%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
7.51%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
10.81%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
11.55%
CURRENT VS TTM AVG
-8.81%
CURRENT VS 3Y AVG
+2.18%
CURRENT VS 5Y AVG
+8.55%
CURRENT VS 10Y AVG
-18.45%
CURRENT VS 15Y AVG
-43.34%
CURRENT VS 20Y AVG
-46.94%
SECTOR MEDIAN · TECHNOLOGY
8.17%
median of 193 covered companies
CURRENT VS SECTOR MEDIAN
-25.00%
vs the sector median at left
Tyler Technologies, Inc.
Market Cap
$14.72B
Return on Invested Capital (ROIC)
6.13%
TTM Avg
6.72%
3Y Avg
6.00%
5Y Avg
5.65%
Market Cap
$14.14B
Return on Invested Capital (ROIC)
13.93%
TTM Avg
17.05%
3Y Avg
18.54%
5Y Avg
18.52%
Market Cap
$15.35B
Return on Invested Capital (ROIC)
3.03%
TTM Avg
4.61%
3Y Avg
5.60%
5Y Avg
6.80%
Market Cap
$15.41B
Return on Invested Capital (ROIC)
-7.62%
TTM Avg
-3.44%
3Y Avg
-6.28%
5Y Avg
-4.32%
Market Cap
$14.00B
Return on Invested Capital (ROIC)
-15.57%
TTM Avg
-29.55%
3Y Avg
-26.12%
5Y Avg
-22.91%
Market Cap
$15.55B
Return on Invested Capital (ROIC)
5.60%
TTM Avg
5.80%
3Y Avg
5.73%
5Y Avg
5.34%
Market Cap
$13.83B
Return on Invested Capital (ROIC)
20.64%
TTM Avg
17.70%
3Y Avg
14.37%
5Y Avg
11.89%
Market Cap
$13.71B
Return on Invested Capital (ROIC)
15.72%
TTM Avg
15.37%
3Y Avg
15.36%
5Y Avg
15.31%
Market Cap
$13.69B
Return on Invested Capital (ROIC)
9.25%
TTM Avg
5.47%
3Y Avg
5.23%
5Y Avg
6.08%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Tyler Technologies, Inc. (TYL) | $14.72B | 6.13% | 6.72% | 6.00% | 5.65% |
| Check Point Software Technologies Ltd. (CHKP)vs › | $14.14B | 13.93% | 17.05% | 18.54% | 18.52% |
| Akamai Technologies, Inc. (AKAM)vs › | $15.35B | 3.03% | 4.61% | 5.60% | 6.80% |
| IREN Limited (IREN)vs › | $15.41B | -7.62% | -3.44% | -6.28% | -4.32% |
| IonQ, Inc. (IONQ)vs › | $14.00B | -15.57% | -29.55% | -26.12% | -22.91% |
| Dynatrace, Inc. (DT)vs › | $15.55B | 5.60% | 5.80% | 5.73% | 5.34% |
| GoDaddy Inc. (GDDY)vs › | $13.83B | 20.64% | 17.70% | 14.37% | 11.89% |
| Fabrinet (FN)vs › | $13.71B | 15.72% | 15.37% | 15.36% | 15.31% |
| Trimble Inc. (TRMB)vs › | $13.69B | 9.25% | 5.47% | 5.23% | 6.08% |
| PTC Inc. (PTC)vs › | $15.78B | 17.18% | 11.75% | 9.97% | 9.61% |
ROIC
6.1%
ROE
10.7%
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 | 6.13% |
| 2026-03-31 | 7.71% |
| 2025-12-31 | 6.44% |
| 2025-09-30 | 6.70% |
| 2025-06-30 | 6.63% |
| 2025-03-31 | 6.55% |
| 2024-12-31 | 6.20% |
| 2024-09-30 | 5.95% |
| 2024-06-30 | 5.59% |
| 2024-03-31 | 5.38% |
| 2023-12-31 | 4.91% |
| 2023-09-30 | 4.77% |
| 2023-06-30 | 5.02% |
| 2023-03-31 | 4.84% |
| 2022-12-31 | 4.95% |
| 2022-09-30 | 5.47% |
| 2022-06-30 | 5.07% |
| 2022-03-31 | 5.31% |
| 2021-12-31 | 5.16% |
| 2021-09-30 | 5.08% |
| 2021-06-30 | 4.71% |
| 2021-03-31 | 6.55% |
| 2020-12-31 | 8.46% |
| 2020-09-30 | 8.69% |
| 2020-06-30 | 8.50% |
| 2020-03-31 | 8.78% |
| 2019-12-31 | 8.52% |
| 2019-09-30 | 8.21% |
| 2019-06-30 | 8.53% |
| 2019-03-31 | 8.89% |
| 2018-12-31 | 10.55% |
| 2018-09-30 | 10.76% |
| 2018-06-30 | 11.88% |
| 2018-03-31 | 12.62% |
| 2017-12-31 | 13.42% |
| 2017-09-30 | 11.88% |
| 2017-06-30 | 10.98% |
| 2017-03-31 | 10.25% |
| 2016-12-31 | 9.11% |
| 2016-09-30 | 6.77% |
| 2016-06-30 | 6.17% |
| 2016-03-31 | 6.30% |
| 2015-12-31 | 6.34% |
| 2015-09-30 | 16.30% |
| 2015-06-30 | 16.81% |
| 2015-03-31 | 17.34% |
| 2014-12-31 | 17.34% |
| 2014-09-30 | 18.18% |
| 2014-06-30 | 18.03% |
| 2014-03-31 | 15.84% |
| 2013-12-31 | 15.80% |
| 2013-09-30 | 18.31% |
| 2013-06-30 | 20.94% |
| 2013-03-31 | 22.49% |
| 2012-12-31 | 20.56% |
| 2012-09-30 | 22.62% |
| 2012-06-30 | 18.06% |
| 2012-03-31 | 19.59% |
| 2011-12-31 | 20.21% |
| 2011-09-30 | 21.56% |
| 2011-06-30 | 18.98% |
| 2011-03-31 | 19.95% |
| 2010-12-31 | 18.76% |
| 2010-09-30 | 20.17% |
| 2010-06-30 | 15.94% |
| 2010-03-31 | 17.79% |
| 2009-12-31 | 19.16% |
| 2009-09-30 | 18.92% |
| 2009-06-30 | 16.49% |
| 2009-03-31 | 14.22% |
| 2008-12-31 | 11.86% |
| 2008-09-30 | 10.67% |
| 2008-06-30 | 9.10% |
| 2008-03-31 | 12.06% |
| 2007-12-31 | 11.31% |
| 2007-09-30 | 10.18% |
| 2007-06-30 | 10.37% |
| 2007-03-31 | 10.25% |
| 2006-12-31 | 10.13% |
| 2006-09-30 | 9.77% |
| 2006-06-30 | 8.74% |
| 2006-03-31 | 7.24% |
| 2005-12-31 | 6.19% |
| 2005-09-30 | 6.32% |
| 2005-06-30 | 5.83% |
| 2005-03-31 | 6.68% |
| 2004-12-31 | 7.57% |
| 2004-09-30 | 7.80% |
| 2004-06-30 | 8.66% |
| 2004-03-31 | 7.95% |
| 2003-12-31 | 7.86% |
| 2003-09-30 | 8.58% |
| 2003-06-30 | 7.56% |