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 11.74% is 27% above its 5-year average of 9.24%, near the high end of its 5-year range (6.53%–11.86%).
As of the fiscal period ended Tuesday, June 30, 2026. 2.29% above its 12-month average of 11.48%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 11.74%.
RETURN ON INVESTED CAPITAL (ROIC)
11.74%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
11.48%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
9.80%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
9.24%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
9.36%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
8.96%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
8.83%
CURRENT VS TTM AVG
+2.29%
CURRENT VS 3Y AVG
+19.80%
CURRENT VS 5Y AVG
+27.15%
CURRENT VS 10Y AVG
+25.48%
CURRENT VS 15Y AVG
+31.03%
CURRENT VS 20Y AVG
+32.92%
SECTOR MEDIAN · HEALTHCARE
8.75%
median of 90 covered companies
CURRENT VS SECTOR MEDIAN
+34.27%
vs the sector median at left
Universal Health Services, Inc.
Market Cap
$10.83B
Return on Invested Capital (ROIC)
11.74%
TTM Avg
11.48%
3Y Avg
9.80%
5Y Avg
9.24%
Market Cap
$10.80B
Return on Invested Capital (ROIC)
4.76%
TTM Avg
4.09%
3Y Avg
3.90%
5Y Avg
4.30%
Market Cap
$10.51B
Return on Invested Capital (ROIC)
8.90%
TTM Avg
10.00%
3Y Avg
10.19%
5Y Avg
11.72%
Market Cap
$11.37B
Return on Invested Capital (ROIC)
7.86%
TTM Avg
5.36%
3Y Avg
7.03%
5Y Avg
8.47%
Market Cap
$10.26B
Return on Invested Capital (ROIC)
1.54%
TTM Avg
2.53%
3Y Avg
2.92%
5Y Avg
2.77%
Market Cap
$10.21B
Return on Invested Capital (ROIC)
7.29%
TTM Avg
7.04%
3Y Avg
6.95%
5Y Avg
7.54%
Market Cap
$11.46B
Return on Invested Capital (ROIC)
11.18%
TTM Avg
11.30%
3Y Avg
9.75%
5Y Avg
9.57%
Market Cap
$10.05B
Return on Invested Capital (ROIC)
10.49%
TTM Avg
5.87%
3Y Avg
5.79%
5Y Avg
6.13%
Market Cap
$9.96B
Return on Invested Capital (ROIC)
3.56%
TTM Avg
12.01%
3Y Avg
15.07%
5Y Avg
15.28%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Universal Health Services, Inc. (UHS) | $10.83B | 11.74% | 11.48% | 9.80% | 9.24% |
| The Cooper Companies, Inc. (COO)vs › | $10.80B | 4.76% | 4.09% | 3.90% | 4.30% |
| Align Technology, Inc. (ALGN)vs › | $10.51B | 8.90% | 10.00% | 10.19% | 11.72% |
| Bio-Techne Corporation (TECH)vs › | $11.37B | 7.86% | 5.36% | 7.03% | 8.47% |
| Bio-Rad Laboratories, Inc. (BIO)vs › | $10.26B | 1.54% | 2.53% | 2.92% | 2.77% |
| The Ensign Group, Inc. (ENSG)vs › | $10.21B | 7.29% | 7.04% | 6.95% | 7.54% |
| DaVita Inc. (DVA)vs › | $11.46B | 11.18% | 11.30% | 9.75% | 9.57% |
| Globus Medical, Inc. (GMED)vs › | $10.05B | 10.49% | 5.87% | 5.79% | 6.13% |
| Molina Healthcare, Inc. (MOH)vs › | $9.96B | 3.56% | 12.01% | 15.07% | 15.28% |
| Henry Schein, Inc. (HSIC)vs › | $9.84B | 6.53% | 6.69% | 7.80% | 8.31% |
ROIC
11.7%
ROE
20.3%
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 | 11.74% |
| 2026-03-31 | 11.86% |
| 2025-12-31 | 11.29% |
| 2025-09-30 | 11.55% |
| 2025-06-30 | 10.96% |
| 2025-03-31 | 10.70% |
| 2024-12-31 | 10.62% |
| 2024-09-30 | 9.70% |
| 2024-06-30 | 9.30% |
| 2024-03-31 | 8.23% |
| 2023-12-31 | 7.44% |
| 2023-09-30 | 7.00% |
| 2023-06-30 | 7.04% |
| 2023-03-31 | 6.76% |
| 2022-12-31 | 6.53% |
| 2022-09-30 | 6.95% |
| 2022-06-30 | 7.32% |
| 2022-03-31 | 8.97% |
| 2021-12-31 | 9.33% |
| 2021-09-30 | 10.24% |
| 2021-06-30 | 10.43% |
| 2021-03-31 | 9.86% |
| 2020-12-31 | 9.12% |
| 2020-09-30 | 9.39% |
| 2020-06-30 | 8.58% |
| 2020-03-31 | 8.50% |
| 2019-12-31 | 9.26% |
| 2019-09-30 | 8.81% |
| 2019-06-30 | 9.14% |
| 2019-03-31 | 9.09% |
| 2018-12-31 | 9.17% |
| 2018-09-30 | 9.70% |
| 2018-06-30 | 9.53% |
| 2018-03-31 | 9.34% |
| 2017-12-31 | 9.20% |
| 2017-09-30 | 8.73% |
| 2017-06-30 | 8.82% |
| 2017-03-31 | 9.13% |
| 2016-12-31 | 9.09% |
| 2016-09-30 | 9.88% |
| 2016-06-30 | 10.06% |
| 2016-03-31 | 10.11% |
| 2015-12-31 | 9.62% |
| 2015-09-30 | 10.20% |
| 2015-06-30 | 9.57% |
| 2015-03-31 | 9.24% |
| 2014-12-31 | 8.80% |
| 2014-09-30 | 8.09% |
| 2014-06-30 | 8.84% |
| 2014-03-31 | 8.97% |
| 2013-12-31 | 8.80% |
| 2013-09-30 | 8.96% |
| 2013-06-30 | 8.60% |
| 2013-03-31 | 7.97% |
| 2012-12-31 | 8.26% |
| 2012-09-30 | 8.19% |
| 2012-06-30 | 8.49% |
| 2012-03-31 | 8.48% |
| 2011-12-31 | 8.47% |
| 2011-09-30 | 7.60% |
| 2011-06-30 | 6.84% |
| 2011-03-31 | 5.92% |
| 2010-12-31 | 4.86% |
| 2010-09-30 | 8.89% |
| 2010-06-30 | 9.23% |
| 2010-03-31 | 9.85% |
| 2009-12-31 | 9.86% |
| 2009-09-30 | 9.49% |
| 2009-06-30 | 9.08% |
| 2009-03-31 | 8.28% |
| 2008-12-31 | 7.89% |
| 2008-09-30 | 8.08% |
| 2008-06-30 | 7.67% |
| 2008-03-31 | 7.70% |
| 2007-12-31 | 7.36% |
| 2007-09-30 | 7.25% |
| 2007-06-30 | 7.34% |
| 2007-03-31 | 7.35% |
| 2006-12-31 | 7.33% |
| 2006-09-30 | 7.88% |
| 2006-06-30 | 7.84% |
| 2006-03-31 | 7.86% |
| 2005-12-31 | 8.55% |
| 2005-09-30 | 9.24% |
| 2005-06-30 | 9.12% |
| 2005-03-31 | 8.72% |
| 2004-12-31 | 7.97% |
| 2004-09-30 | 8.35% |
| 2004-06-30 | 8.64% |
| 2004-03-31 | 9.07% |
| 2003-12-31 | 9.75% |
| 2003-09-30 | 11.23% |
| 2003-06-30 | 10.98% |
