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 8.71% is 3790% above its 5-year average of -0.24%, near the high end of its 5-year range (-14.22%–11.35%).
As of the fiscal period ended Tuesday, June 30, 2026. 13.17% below its 12-month average of 10.03%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 8.71%.
RETURN ON INVESTED CAPITAL (ROIC)
8.71%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
10.03%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
6.55%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
-0.24%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
-13.17%
CURRENT VS 3Y AVG
+32.87%
CURRENT VS 5Y AVG
+3789.82%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · INDUSTRIALS
9.55%
median of 154 covered companies
CURRENT VS SECTOR MEDIAN
-8.89%
vs the sector median at left
Upwork Inc.
Market Cap
$1.08B
Return on Invested Capital (ROIC)
8.71%
TTM Avg
10.03%
3Y Avg
6.55%
5Y Avg
-0.24%
Market Cap
$970.65M
Return on Invested Capital (ROIC)
21.64%
TTM Avg
33.45%
3Y Avg
25.54%
5Y Avg
10.98%
Market Cap
$1.21B
Return on Invested Capital (ROIC)
-21.49%
TTM Avg
-26.94%
3Y Avg
-34.69%
5Y Avg
-36.97%
Market Cap
$917.66M
Return on Invested Capital (ROIC)
13.34%
TTM Avg
17.96%
3Y Avg
23.36%
5Y Avg
22.18%
Market Cap
$1.26B
Return on Invested Capital (ROIC)
3.54%
TTM Avg
3.35%
3Y Avg
3.63%
5Y Avg
4.12%
Market Cap
$1.27B
Return on Invested Capital (ROIC)
-8.76%
TTM Avg
-15.69%
3Y Avg
-15.77%
5Y Avg
-13.15%
Market Cap
$1.29B
Return on Invested Capital (ROIC)
-15.45%
TTM Avg
-13.06%
3Y Avg
-12.86%
5Y Avg
-22.50%
Market Cap
$1.68B
Return on Invested Capital (ROIC)
7.55%
TTM Avg
5.89%
3Y Avg
5.82%
5Y Avg
5.91%
Market Cap
$431.99M
Return on Invested Capital (ROIC)
-72.19%
TTM Avg
-95.95%
3Y Avg
-95.95%
5Y Avg
-95.95%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Upwork Inc. (UPWK) | $1.08B | 8.71% | 10.03% | 6.55% | -0.24% |
| Power Solutions International, Inc. (PSIX)vs › | $970.65M | 21.64% | 33.45% | 25.54% | 10.98% |
| Red Cat Holdings, Inc. (RCAT)vs › | $1.21B | -21.49% | -26.94% | -34.69% | -36.97% |
| Kforce Inc. (KFRC)vs › | $917.66M | 13.34% | 17.96% | 23.36% | 22.18% |
| Ameresco, Inc. (AMRC)vs › | $1.26B | 3.54% | 3.35% | 3.63% | 4.12% |
| FuelCell Energy, Inc. (FCEL)vs › | $1.27B | -8.76% | -15.69% | -15.77% | -13.15% |
| T1 Energy Inc (TE)vs › | $1.29B | -15.45% | -13.06% | -12.86% | -22.50% |
| Allient Inc. (ALNT)vs › | $1.68B | 7.55% | 5.89% | 5.82% | 5.91% |
| Deep Fission, Inc. (FISN)vs › | $431.99M | -72.19% | -95.95% | -95.95% | -95.95% |
| Enerpac Tool Group Corp. (EPAC)vs › | $1.82B | 15.21% | 14.71% | 11.05% | 8.88% |
ROIC
8.7%
ROE
16.7%
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 | 8.71% |
| 2026-03-31 | 9.66% |
| 2025-12-31 | 9.66% |
| 2025-09-30 | 11.35% |
| 2025-06-30 | 10.76% |
| 2025-03-31 | 9.41% |
| 2024-12-31 | 6.91% |
| 2024-09-30 | 7.53% |
| 2024-06-30 | 6.84% |
| 2024-03-31 | 3.58% |
| 2023-12-31 | -1.45% |
| 2023-09-30 | -4.34% |
| 2023-06-30 | -11.40% |
| 2023-03-31 | -14.22% |
| 2022-12-31 | -11.13% |
| 2022-09-30 | -11.36% |
| 2022-06-30 | -9.25% |
| 2022-03-31 | -8.38% |
| 2021-12-31 | -6.40% |
| 2021-09-30 | -3.72% |
| 2021-06-30 | -7.71% |
| 2021-03-31 | -6.16% |
| 2020-12-31 | -6.63% |
| 2020-09-30 | -9.75% |
| 2020-06-30 | -10.03% |
| 2020-03-31 | -7.19% |
| 2019-12-31 | -6.14% |
| 2019-09-30 | -4.50% |
| 2019-06-30 | -4.32% |
| 2019-03-31 | -3.56% |
| 2018-12-31 | -4.34% |
| 2018-09-30 | -7.42% |
| 2018-06-30 | -6.05% |
| 2017-12-31 | -1.11% |
