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 3.92% is 141% above its 5-year average of -9.55%, near the high end of its 5-year range (-29.31%–3.92%).
As of the fiscal period ended Tuesday, June 30, 2026. 196.41% above its 12-month average of -4.07%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 3.92%.
RETURN ON INVESTED CAPITAL (ROIC)
3.92%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
-4.07%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
-9.92%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
-9.55%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
-41.34%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
+196.41%
CURRENT VS 3Y AVG
+139.54%
CURRENT VS 5Y AVG
+141.10%
CURRENT VS 10Y AVG
+109.49%
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
-49.75%
vs the sector median at left
Workiva Inc.
Market Cap
$3.88B
Return on Invested Capital (ROIC)
3.92%
TTM Avg
-4.07%
3Y Avg
-9.92%
5Y Avg
-9.55%
Market Cap
$3.81B
Return on Invested Capital (ROIC)
-33.24%
TTM Avg
4.75%
3Y Avg
-5.82%
5Y Avg
-10.73%
Market Cap
$3.79B
Return on Invested Capital (ROIC)
7.58%
TTM Avg
8.26%
3Y Avg
5.23%
5Y Avg
2.71%
Market Cap
$4.03B
Return on Invested Capital (ROIC)
31.82%
TTM Avg
24.75%
3Y Avg
27.68%
5Y Avg
33.05%
Market Cap
$4.06B
Return on Invested Capital (ROIC)
3.38%
TTM Avg
-0.28%
3Y Avg
-3.50%
5Y Avg
-5.17%
Market Cap
$4.13B
Return on Invested Capital (ROIC)
-8.63%
TTM Avg
-20.68%
3Y Avg
-41.52%
5Y Avg
-38.64%
Market Cap
$4.18B
Return on Invested Capital (ROIC)
33.31%
TTM Avg
25.16%
3Y Avg
8.55%
5Y Avg
-1.46%
Market Cap
$3.50B
Return on Invested Capital (ROIC)
1.89%
TTM Avg
4.48%
3Y Avg
5.67%
5Y Avg
5.61%
Market Cap
$4.34B
Return on Invested Capital (ROIC)
0.32%
TTM Avg
-0.40%
3Y Avg
-2.28%
5Y Avg
-2.93%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Workiva Inc. (WK) | $3.88B | 3.92% | -4.07% | -9.92% | -9.55% |
| Wix.com Ltd. (WIX)vs › | $3.81B | -33.24% | 4.75% | -5.82% | -10.73% |
| Itron, Inc. (ITRI)vs › | $3.79B | 7.58% | 8.26% | 5.23% | 2.71% |
| Dlocal Limited (DLO)vs › | $4.03B | 31.82% | 24.75% | 27.68% | 33.05% |
| Tenable Holdings, Inc. (TENB)vs › | $4.06B | 3.38% | -0.28% | -3.50% | -5.17% |
| Ondas Holdings Inc. (ONDS)vs › | $4.13B | -8.63% | -20.68% | -41.52% | -38.64% |
| Clear Secure, Inc. (YOU)vs › | $4.18B | 33.31% | 25.16% | 8.55% | -1.46% |
| Veeco Instruments Inc. (VECO)vs › | $3.50B | 1.89% | 4.48% | 5.67% | 5.61% |
| Bill.com Holdings, Inc. (BILL)vs › | $4.34B | 0.32% | -0.40% | -2.28% | -2.93% |
| AXT, Inc. (AXTI)vs › | $4.36B | 0.23% | -5.08% | -3.35% | -1.38% |
ROIC
3.9%
ROE
N/A
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 | 3.92% |
| 2026-03-31 | -0.23% |
| 2025-12-31 | -5.12% |
| 2025-09-30 | -8.05% |
| 2025-06-30 | -10.87% |
| 2025-03-31 | -11.12% |
| 2024-12-31 | -9.86% |
| 2024-09-30 | -9.53% |
| 2024-06-30 | -9.02% |
| 2024-03-31 | -8.98% |
| 2023-12-31 | -12.87% |
| 2023-09-30 | -13.83% |
| 2023-06-30 | -27.78% |
| 2023-03-31 | -29.31% |
| 2022-12-31 | -21.51% |
| 2022-09-30 | -21.70% |
| 2022-06-30 | -15.76% |
| 2022-03-31 | -9.87% |
| 2021-12-31 | -6.69% |
| 2021-09-30 | -5.29% |
| 2021-06-30 | -5.02% |
| 2021-03-31 | -7.59% |
| 2020-12-31 | -8.83% |
| 2020-09-30 | -10.81% |
| 2020-06-30 | -13.22% |
| 2020-03-31 | -11.26% |
| 2019-12-31 | -11.24% |
| 2019-09-30 | -9.36% |
| 2019-06-30 | -45.34% |
| 2019-03-31 | -69.52% |
| 2018-12-31 | -125.95% |
| 2018-09-30 | -180.45% |
| 2018-06-30 | -226.89% |
| 2018-03-31 | -140.22% |
| 2017-12-31 | -156.14% |
| 2017-09-30 | -116.43% |
| 2017-06-30 | -86.40% |
| 2017-03-31 | -89.42% |
| 2016-12-31 | -100.70% |
| 2016-09-30 | -117.33% |
| 2016-06-30 | -114.95% |
| 2016-03-31 | -98.24% |
| 2015-12-31 | -73.01% |
| 2015-09-30 | -63.31% |
| 2015-06-30 | -51.49% |
| 2015-03-31 | -44.86% |
| 2014-12-31 | -39.44% |
| 2014-09-30 | -130.37% |
| 2014-06-30 | -100.50% |
| 2013-12-31 | -85.63% |
