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 40.19% is 369% above its 5-year average of 8.58%, near the high end of its 5-year range (-10.17%–40.19%).
As of the fiscal period ended Friday, July 3, 2026. 33.65% above its 12-month average of 30.07%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q4 FY2026 (2026-07-03): 40.19%.
RETURN ON INVESTED CAPITAL (ROIC)
40.19%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
30.07%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
11.47%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
8.58%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
2.83%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
6.59%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
11.29%
CURRENT VS TTM AVG
+33.65%
CURRENT VS 3Y AVG
+250.49%
CURRENT VS 5Y AVG
+368.64%
CURRENT VS 10Y AVG
+1318.36%
CURRENT VS 15Y AVG
+510.07%
CURRENT VS 20Y AVG
+256.02%
SECTOR MEDIAN · TECHNOLOGY
8.17%
median of 193 covered companies
CURRENT VS SECTOR MEDIAN
+391.88%
vs the sector median at left
Western Digital Corporation
Market Cap
$161.27B
Return on Invested Capital (ROIC)
40.19%
TTM Avg
30.07%
3Y Avg
11.47%
5Y Avg
8.58%
Market Cap
$166.06B
Return on Invested Capital (ROIC)
11.67%
TTM Avg
8.12%
3Y Avg
-0.45%
5Y Avg
0.23%
Market Cap
$176.43B
Return on Invested Capital (ROIC)
9.62%
TTM Avg
4.73%
3Y Avg
5.67%
5Y Avg
5.29%
Market Cap
$144.41B
Return on Invested Capital (ROIC)
13.01%
TTM Avg
9.02%
3Y Avg
3.43%
5Y Avg
-2.77%
Market Cap
$144.17B
Return on Invested Capital (ROIC)
8.19%
TTM Avg
5.55%
3Y Avg
4.63%
5Y Avg
4.45%
Market Cap
$183.20B
Return on Invested Capital (ROIC)
17.42%
TTM Avg
18.97%
3Y Avg
22.79%
5Y Avg
23.23%
Market Cap
$138.28B
Return on Invested Capital (ROIC)
5.54%
TTM Avg
9.17%
3Y Avg
7.47%
5Y Avg
6.18%
Market Cap
$196.27B
Return on Invested Capital (ROIC)
51.40%
TTM Avg
51.40%
3Y Avg
30.73%
5Y Avg
23.51%
Market Cap
$198.44B
Return on Invested Capital (ROIC)
15.10%
TTM Avg
15.01%
3Y Avg
15.20%
5Y Avg
14.59%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Western Digital Corporation (WDC) | $161.27B | 40.19% | 30.07% | 11.47% | 8.58% |
| Shopify Inc. (SHOP)vs › | $166.06B | 11.67% | 8.12% | -0.45% | 0.23% |
| Analog Devices, Inc. (ADI)vs › | $176.43B | 9.62% | 4.73% | 5.67% | 5.29% |
| Uber Technologies, Inc. (UBER)vs › | $144.41B | 13.01% | 9.02% | 3.43% | -2.77% |
| Corning Inc (GLW)vs › | $144.17B | 8.19% | 5.55% | 4.63% | 4.45% |
| QUALCOMM Incorporated (QCOM)vs › | $183.20B | 17.42% | 18.97% | 22.79% | 23.23% |
| ServiceNow, Inc. (NOW)vs › | $138.28B | 5.54% | 9.17% | 7.47% | 6.18% |
| Seagate Technology Holdings plc (STX)vs › | $196.27B | 51.40% | 51.40% | 30.73% | 23.51% |
| Amphenol Corporation (APH)vs › | $198.44B | 15.10% | 15.01% | 15.20% | 14.59% |
| Salesforce, Inc. (CRM)vs › | $202.37B | 8.78% | 8.41% | 5.81% | 4.14% |
ROIC
40.2%
ROE
106.3%
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) |
|---|---|
| 2026-07-03 | 40.19% |
| 2026-04-03 | 27.90% |
| 2026-01-02 | 25.23% |
| 2025-10-03 | 26.96% |
| 2025-06-27 | 24.28% |
| 2024-12-27 | 5.37% |
| 2024-09-27 | 3.49% |
| 2024-06-28 | -1.12% |
| 2024-03-29 | -6.73% |
| 2023-12-29 | -9.28% |
| 2023-09-29 | -10.17% |
| 2023-06-30 | -6.32% |
| 2023-03-31 | -0.35% |
| 2022-12-30 | 1.92% |
| 2022-09-30 | 5.21% |
| 2022-06-30 | 8.04% |
| 2022-04-01 | 9.66% |
| 2021-12-31 | 10.62% |
| 2021-10-01 | 8.02% |
| 2021-06-30 | 5.02% |
| 2021-04-02 | 2.56% |
| 2021-01-01 | 1.66% |
| 2020-10-02 | 1.38% |
| 2020-06-30 | 1.56% |
| 2020-04-03 | -1.44% |
| 2020-01-03 | -3.94% |
| 2019-10-04 | -3.27% |
| 2019-06-30 | 0.38% |
| 2019-03-29 | 3.14% |
| 2018-12-28 | 7.31% |
| 2018-09-28 | 7.62% |
| 2018-06-30 | 7.97% |
| 2018-03-30 | 7.58% |
| 2017-12-29 | 6.48% |
| 2017-09-29 | 8.24% |
| 2017-06-30 | 4.17% |
| 2017-03-31 | 4.37% |
| 2016-12-30 | 2.68% |
| 2016-09-30 | 1.49% |
| 2016-06-30 | 1.59% |
| 2016-04-01 | 6.93% |
| 2016-01-01 | 9.22% |
| 2015-10-02 | 10.88% |
| 2015-06-30 | 12.12% |
| 2015-04-03 | 13.15% |
| 2015-01-02 | 13.24% |
| 2014-10-03 | 13.32% |
| 2014-06-30 | 14.03% |
| 2014-03-28 | 9.16% |
| 2013-12-27 | 9.55% |
| 2013-09-27 | 8.90% |
| 2013-06-30 | 9.86% |
| 2013-03-29 | 18.54% |
| 2012-12-28 | 19.39% |
| 2012-09-28 | 17.89% |
| 2012-06-30 | 15.61% |
| 2012-03-30 | 9.64% |
| 2011-12-30 | 10.73% |
| 2011-09-30 | 12.27% |
| 2011-06-30 | 11.93% |
| 2011-04-01 | 13.94% |
| 2010-12-31 | 18.70% |
| 2010-10-01 | 23.20% |
| 2010-06-30 | 25.61% |
| 2010-04-02 | 25.65% |
| 2010-01-01 | 20.79% |
| 2009-10-02 | 13.44% |
| 2009-06-30 | 12.68% |
| 2009-03-27 | 13.89% |
| 2008-12-26 | 20.83% |
| 2008-09-26 | 29.34% |
| 2008-06-30 | 26.64% |
| 2008-03-28 | 27.58% |
| 2007-12-28 | 21.89% |
| 2007-09-28 | 15.43% |
| 2007-06-30 | 23.28% |
| 2007-03-30 | 26.76% |
| 2006-12-29 | 27.37% |
| 2006-09-29 | 28.83% |
| 2006-06-30 | 29.53% |
| 2006-03-31 | 27.26% |
| 2005-12-30 | 28.05% |
| 2005-09-30 | 26.71% |
| 2005-06-30 | 24.44% |
| 2005-04-01 | 44.29% |
| 2004-12-31 | 47.05% |
| 2004-10-01 | 54.17% |
| 2004-06-30 | 50.86% |
| 2004-03-26 | 27.12% |
| 2003-12-26 | 31.46% |
| 2003-09-26 | 38.41% |
| 2003-06-30 | 49.73% |
