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 2.77% is in line with its 5-year average of 2.55%, around the middle of its 5-year range (-1.06%–7.38%).
As of the fiscal period ended Tuesday, June 30, 2026. 2.87% below its 12-month average of 2.86%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 2.77%.
RETURN ON INVESTED CAPITAL (ROIC)
2.77%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
2.86%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
3.99%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
2.55%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
4.03%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
3.08%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
2.22%
CURRENT VS TTM AVG
-2.87%
CURRENT VS 3Y AVG
-30.53%
CURRENT VS 5Y AVG
+8.91%
CURRENT VS 10Y AVG
-31.25%
CURRENT VS 15Y AVG
-9.85%
CURRENT VS 20Y AVG
+25.11%
SECTOR MEDIAN · INDUSTRIALS
3.25%
median of 465 covered companies
CURRENT VS SECTOR MEDIAN
-14.64%
vs the sector median at left
Ultralife Corporation
Market Cap
$108.93M
Return on Invested Capital (ROIC)
2.77%
TTM Avg
2.86%
3Y Avg
3.99%
5Y Avg
2.55%
Market Cap
$106.92M
Return on Invested Capital (ROIC)
-21.28%
TTM Avg
-84.50%
3Y Avg
-106.28%
5Y Avg
-123.74%
Market Cap
$105.49M
Return on Invested Capital (ROIC)
-15.88%
TTM Avg
-3.60%
3Y Avg
-4.93%
5Y Avg
-6.16%
Market Cap
$115.21M
Return on Invested Capital (ROIC)
2.91%
TTM Avg
-23.56%
3Y Avg
-27.75%
5Y Avg
-15.17%
Market Cap
$101.76M
Return on Invested Capital (ROIC)
-1.17%
TTM Avg
4.57%
3Y Avg
36.09%
5Y Avg
32.05%
Market Cap
$117.40M
Return on Invested Capital (ROIC)
0.64%
TTM Avg
0.29%
3Y Avg
-1.51%
5Y Avg
-0.52%
Market Cap
$100.06M
Return on Invested Capital (ROIC)
-126.86%
TTM Avg
-69.48%
3Y Avg
-24.80%
5Y Avg
0.82%
Market Cap
$99.47M
Return on Invested Capital (ROIC)
0.73%
TTM Avg
2.44%
3Y Avg
2.12%
5Y Avg
-1.03%
Market Cap
$122.51M
Return on Invested Capital (ROIC)
7.73%
TTM Avg
5.53%
3Y Avg
6.46%
5Y Avg
7.08%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Ultralife Corporation (ULBI) | $108.93M | 2.77% | 2.86% | 3.99% | 2.55% |
| New Horizon Aircraft Ltd (HOVR)vs › | $106.92M | -21.28% | -84.50% | -106.28% | -123.74% |
| CBAK Energy Technology, Inc. (CBAT)vs › | $105.49M | -15.88% | -3.60% | -4.93% | -6.16% |
| Orion Energy Systems, Inc. (OESX)vs › | $115.21M | 2.91% | -23.56% | -27.75% | -15.17% |
| Heidmar Maritime Holdings Corp. (HMR)vs › | $101.76M | -1.17% | 4.57% | 36.09% | 32.05% |
| Mobile Infrastructure Corp (BEEP)vs › | $117.40M | 0.64% | 0.29% | -1.51% | -0.52% |
| HUHUTECH International Group Inc. Ordinary Shares (HUHU)vs › | $100.06M | -126.86% | -69.48% | -24.80% | 0.82% |
| Broadwind, Inc. (BWEN)vs › | $99.47M | 0.73% | 2.44% | 2.12% | -1.03% |
| Coda Octopus Group, Inc. (CODA)vs › | $122.51M | 7.73% | 5.53% | 6.46% | 7.08% |
| Proficient Auto Logistics, Inc. Common Stock (PAL)vs › | $94.97M | 2.01% | 1.04% | 1.04% | 1.04% |
ROIC
2.8%
ROE
-4.9%
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 | 2.77% |
| 2026-03-31 | 2.13% |
| 2025-12-31 | 4.06% |
| 2025-09-30 | 2.41% |
| 2025-06-30 | 2.91% |
| 2025-03-31 | 3.57% |
| 2024-12-31 | 3.97% |
| 2024-09-30 | 6.77% |
| 2024-06-30 | 7.38% |
| 2024-03-31 | 6.70% |
| 2023-12-31 | 4.76% |
| 2023-09-30 | 2.88% |
| 2023-06-30 | 1.61% |
| 2023-03-31 | 0.31% |
| 2022-12-31 | 0.09% |
| 2022-09-30 | -0.93% |
| 2022-06-30 | -1.06% |
| 2022-03-31 | -0.85% |
| 2021-12-31 | 0.02% |
| 2021-09-30 | 1.55% |
| 2021-06-30 | 2.44% |
| 2021-03-31 | 3.22% |
| 2020-12-31 | 3.60% |
| 2020-09-30 | 4.43% |
| 2020-06-30 | 4.69% |
| 2020-03-31 | 4.99% |
| 2019-12-31 | 4.49% |
| 2019-09-29 | 4.72% |
| 2019-06-30 | 5.02% |
| 2019-03-31 | 4.52% |
| 2018-12-31 | 6.23% |
| 2018-09-30 | 8.43% |
| 2018-07-01 | 8.30% |
| 2018-04-01 | 8.04% |
| 2017-12-31 | 7.81% |
| 2017-10-01 | 7.23% |
| 2017-07-02 | 7.26% |
| 2017-04-02 | 6.59% |
| 2016-12-31 | 4.99% |
| 2016-09-25 | 3.34% |
| 2016-06-26 | 3.33% |
| 2016-03-27 | 3.69% |
| 2015-12-31 | 4.25% |
| 2015-09-27 | 4.89% |
| 2015-06-28 | 3.06% |
| 2015-03-29 | 0.62% |
| 2014-12-31 | -1.89% |
| 2014-09-28 | -2.98% |
| 2014-06-29 | -2.03% |
| 2014-03-30 | -2.72% |
| 2013-12-31 | -0.80% |
| 2013-09-29 | 1.51% |
| 2013-06-30 | 2.71% |
| 2013-03-31 | 1.09% |
| 2012-12-31 | -0.15% |
| 2012-09-30 | -0.42% |
| 2012-07-01 | -0.66% |
| 2012-04-01 | 6.11% |
| 2011-12-31 | 0.56% |
| 2011-10-02 | -17.32% |
| 2011-07-03 | -13.52% |
| 2011-04-03 | -17.13% |
| 2010-12-31 | -6.74% |
| 2010-09-26 | 6.67% |
| 2010-06-27 | 1.57% |
| 2010-03-28 | -4.48% |
| 2009-12-31 | -7.21% |
| 2009-09-27 | -8.20% |
| 2009-06-28 | -3.21% |
| 2009-03-29 | 8.00% |
| 2008-12-31 | 13.65% |
| 2008-09-27 | 14.72% |
| 2008-06-28 | 9.47% |
| 2008-03-29 | 1.59% |
| 2007-12-31 | -0.21% |
| 2007-09-29 | 1.30% |
| 2007-06-30 | -1.75% |
| 2007-03-31 | -3.37% |
| 2006-12-31 | -4.10% |
| 2006-09-30 | -1.41% |
| 2006-07-01 | -0.96% |
| 2006-04-01 | -1.35% |
| 2005-12-31 | -4.14% |
| 2005-10-01 | -9.17% |
| 2005-07-02 | -4.84% |
| 2005-04-02 | 0.02% |
| 2004-12-31 | 6.89% |
| 2004-09-25 | 20.36% |
| 2004-06-26 | 22.23% |
| 2004-03-27 | 18.63% |
| 2003-12-31 | 13.98% |
