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 -14.43% is in line with its 5-year average of -13.44%, around the middle of its 5-year range (-17.82%–-9.88%).
As of the fiscal period ended Tuesday, June 30, 2026. 12.45% below its 12-month average of -12.83%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): -14.43%.
RETURN ON INVESTED CAPITAL (ROIC)
-14.43%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
-12.83%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
-13.60%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
-13.44%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
-15.81%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
-12.45%
CURRENT VS 3Y AVG
-6.12%
CURRENT VS 5Y AVG
-7.39%
CURRENT VS 10Y AVG
+8.71%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · TECHNOLOGY
7.81%
median of 213 covered companies
CURRENT VS SECTOR MEDIAN
-284.78%
vs the sector median at left
Varonis Systems, Inc.
Market Cap
$5.46B
Return on Invested Capital (ROIC)
-14.43%
TTM Avg
-12.83%
3Y Avg
-13.60%
5Y Avg
-13.44%
Market Cap
$5.29B
Return on Invested Capital (ROIC)
-5.89%
TTM Avg
-7.82%
3Y Avg
-83.52%
5Y Avg
-55.34%
Market Cap
$5.64B
Return on Invested Capital (ROIC)
13.89%
TTM Avg
12.81%
3Y Avg
13.02%
5Y Avg
11.70%
Market Cap
$5.27B
Return on Invested Capital (ROIC)
10.22%
TTM Avg
-0.19%
3Y Avg
-2.19%
5Y Avg
10.91%
Market Cap
$5.66B
Return on Invested Capital (ROIC)
11.07%
TTM Avg
10.30%
3Y Avg
11.40%
5Y Avg
12.97%
Market Cap
$5.07B
Return on Invested Capital (ROIC)
-17.89%
TTM Avg
-19.02%
3Y Avg
-36.50%
5Y Avg
-49.50%
Market Cap
$5.87B
Return on Invested Capital (ROIC)
-2.83%
TTM Avg
-4.76%
3Y Avg
-34.66%
5Y Avg
-42.70%
Market Cap
$6.11B
Return on Invested Capital (ROIC)
16.69%
TTM Avg
15.39%
3Y Avg
13.20%
5Y Avg
13.88%
Market Cap
$4.78B
Return on Invested Capital (ROIC)
16.90%
TTM Avg
9.79%
3Y Avg
8.61%
5Y Avg
4.21%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Varonis Systems, Inc. (VRNS) | $5.46B | -14.43% | -12.83% | -13.60% | -13.44% |
| Core Scientific, Inc. (CORZ)vs › | $5.29B | -5.89% | -7.82% | -83.52% | -55.34% |
| Genpact Limited (G)vs › | $5.64B | 13.89% | 12.81% | 13.02% | 11.70% |
| Kulicke and Soffa Industries, Inc. (KLIC)vs › | $5.27B | 10.22% | -0.19% | -2.19% | 10.91% |
| EPAM Systems, Inc. (EPAM)vs › | $5.66B | 11.07% | 10.30% | 11.40% | 12.97% |
| Rigetti Computing, Inc. (RGTI)vs › | $5.07B | -17.89% | -19.02% | -36.50% | -49.50% |
| Lyft, Inc. (LYFT)vs › | $5.87B | -2.83% | -4.76% | -34.66% | -42.70% |
| Cirrus Logic, Inc. (CRUS)vs › | $6.11B | 16.69% | 15.39% | 13.20% | 13.88% |
| Box, Inc. (BOX)vs › | $4.78B | 16.90% | 9.79% | 8.61% | 4.21% |
| Diodes Incorporated (DIOD)vs › | $4.77B | 3.00% | 1.69% | 8.04% | 8.45% |
ROIC
-14.4%
ROE
-31.8%
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 | -14.43% |
| 2026-03-31 | -14.62% |
| 2025-12-31 | -12.94% |
| 2025-09-30 | -11.42% |
| 2025-06-30 | -10.77% |
| 2025-03-31 | -10.15% |
| 2024-12-31 | -10.09% |
| 2024-09-30 | -9.88% |
| 2024-06-30 | -16.29% |
| 2024-03-31 | -17.82% |
| 2023-12-31 | -16.29% |
| 2023-09-30 | -16.90% |
| 2023-06-30 | -15.21% |
| 2023-03-31 | -14.27% |
| 2022-12-31 | -14.23% |
| 2022-09-30 | -15.74% |
| 2022-06-30 | -15.25% |
| 2022-03-31 | -14.05% |
| 2021-12-31 | -11.82% |
| 2021-09-30 | -10.04% |
| 2021-06-30 | -9.99% |
| 2021-03-31 | -9.16% |
| 2020-12-31 | -21.03% |
| 2020-09-30 | -23.50% |
| 2020-06-30 | -23.44% |
| 2020-03-31 | -57.76% |
| 2019-12-31 | -47.87% |
| 2019-09-30 | -34.95% |
| 2019-06-30 | -28.63% |
| 2019-03-31 | -20.23% |
| 2018-12-31 | -21.02% |
| 2018-09-30 | -20.86% |
| 2018-06-30 | -18.80% |
| 2018-03-31 | -14.18% |
| 2017-12-31 | -9.74% |
| 2017-09-30 | -15.79% |
| 2017-06-30 | -17.71% |
| 2017-03-31 | -17.62% |
| 2016-12-31 | -16.77% |
| 2016-09-30 | -19.40% |
| 2016-06-30 | -20.67% |
| 2016-03-31 | -20.86% |
| 2015-12-31 | -20.33% |
| 2015-09-30 | -25.26% |
| 2015-06-30 | -25.29% |
| 2015-03-31 | -22.42% |
| 2014-12-31 | -16.70% |
| 2014-09-30 | -16.33% |
| 2014-06-30 | -12.74% |
| 2014-03-31 | -9.21% |
| 2013-12-31 | -85.24% |
| 2013-09-30 | -136.50% |
| 2013-06-30 | -77.34% |
