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 5.51% is 19% above its 5-year average of 4.63%, near the high end of its 5-year range (2.61%–6.30%).
As of the fiscal period ended Tuesday, June 30, 2026. 7.37% above its 12-month average of 5.13%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 5.51%.
RETURN ON INVESTED CAPITAL (ROIC)
5.51%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
5.13%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
5.42%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
4.63%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
3.36%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
4.80%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
6.67%
CURRENT VS TTM AVG
+7.37%
CURRENT VS 3Y AVG
+1.74%
CURRENT VS 5Y AVG
+18.98%
CURRENT VS 10Y AVG
+63.97%
CURRENT VS 15Y AVG
+14.90%
CURRENT VS 20Y AVG
-17.41%
SECTOR MEDIAN · HEALTHCARE
8.75%
median of 90 covered companies
CURRENT VS SECTOR MEDIAN
-36.96%
vs the sector median at left
Zimmer Biomet Holdings, Inc.
Market Cap
$18.45B
Return on Invested Capital (ROIC)
5.51%
TTM Avg
5.13%
3Y Avg
5.42%
5Y Avg
4.63%
Market Cap
$19.74B
Return on Invested Capital (ROIC)
-0.29%
TTM Avg
-4.13%
3Y Avg
-1.14%
5Y Avg
-0.84%
Market Cap
$17.09B
Return on Invested Capital (ROIC)
77.00%
TTM Avg
52.59%
3Y Avg
46.08%
5Y Avg
35.95%
Market Cap
$19.98B
Return on Invested Capital (ROIC)
8.74%
TTM Avg
7.84%
3Y Avg
7.14%
5Y Avg
6.51%
Market Cap
$16.00B
Return on Invested Capital (ROIC)
2.91%
TTM Avg
2.97%
3Y Avg
3.43%
5Y Avg
5.52%
Market Cap
$21.00B
Return on Invested Capital (ROIC)
17.69%
TTM Avg
15.79%
3Y Avg
14.57%
5Y Avg
13.09%
Market Cap
$15.38B
Return on Invested Capital (ROIC)
15.85%
TTM Avg
12.30%
3Y Avg
11.68%
5Y Avg
11.64%
Market Cap
$14.67B
Return on Invested Capital (ROIC)
37.87%
TTM Avg
23.96%
3Y Avg
17.78%
5Y Avg
13.78%
Market Cap
$13.64B
Return on Invested Capital (ROIC)
-14.34%
TTM Avg
-61.05%
3Y Avg
-59.83%
5Y Avg
-54.60%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Zimmer Biomet Holdings, Inc. (ZBH) | $18.45B | 5.51% | 5.13% | 5.42% | 4.63% |
| Viatris Inc. (VTRS)vs › | $19.74B | -0.29% | -4.13% | -1.14% | -0.84% |
| Medpace Holdings, Inc. (MEDP)vs › | $17.09B | 77.00% | 52.59% | 46.08% | 35.95% |
| STERIS plc (STE)vs › | $19.98B | 8.74% | 7.84% | 7.14% | 6.51% |
| Revvity, Inc. (RVTY)vs › | $16.00B | 2.91% | 2.97% | 3.43% | 5.52% |
| United Therapeutics Corporation (UTHR)vs › | $21.00B | 17.69% | 15.79% | 14.57% | 13.09% |
| Solventum Corporation (SOLV)vs › | $15.38B | 15.85% | 12.30% | 11.68% | 11.64% |
| Exelixis, Inc. (EXEL)vs › | $14.67B | 37.87% | 23.96% | 17.78% | 13.78% |
| Tempus AI, Inc. (TEM)vs › | $13.64B | -14.34% | -61.05% | -59.83% | -54.60% |
| Charles River Laboratories International, Inc. (CRL)vs › | $13.39B | 7.72% | 5.13% | 6.33% | 6.84% |
ROIC
5.5%
ROE
6.4%
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 | 5.51% |
| 2026-03-31 | 5.26% |
| 2025-12-31 | 4.95% |
| 2025-09-30 | 4.85% |
| 2025-06-30 | 5.10% |
| 2025-03-31 | 5.58% |
| 2024-12-31 | 5.68% |
| 2024-09-30 | 6.30% |
| 2024-06-30 | 6.12% |
| 2024-03-31 | 6.01% |
| 2023-12-31 | 6.28% |
| 2023-09-30 | 3.08% |
| 2023-06-30 | 3.39% |
| 2023-03-31 | 3.24% |
| 2022-12-31 | 2.61% |
| 2022-09-30 | 4.06% |
| 2022-06-30 | 3.50% |
| 2022-03-31 | 3.34% |
| 2021-12-31 | 3.50% |
| 2021-09-30 | 4.37% |
| 2021-06-30 | 4.58% |
| 2021-03-31 | 2.82% |
| 2020-12-31 | -0.39% |
| 2020-09-30 | 0.04% |
| 2020-06-30 | -0.21% |
| 2020-03-31 | 1.40% |
| 2019-12-31 | 5.01% |
| 2019-09-30 | 0.05% |
| 2019-06-30 | -0.05% |
| 2019-03-31 | 0.35% |
| 2018-12-31 | 0.15% |
| 2018-09-30 | 3.33% |
| 2018-06-30 | 3.26% |
| 2018-03-31 | 2.99% |
| 2017-12-31 | 3.32% |
| 2017-09-30 | 4.15% |
| 2017-06-30 | 4.06% |
| 2017-03-31 | 3.56% |
| 2016-12-31 | 2.53% |
| 2016-09-30 | 2.44% |
| 2016-06-30 | 1.75% |
| 2016-03-31 | 1.79% |
| 2015-12-31 | 1.75% |
| 2015-09-30 | 1.57% |
| 2015-06-30 | 1.94% |
| 2015-03-31 | 4.74% |
| 2014-12-31 | 9.29% |
| 2014-09-30 | 9.79% |
| 2014-06-30 | 9.63% |
| 2014-03-31 | 9.51% |
| 2013-12-31 | 9.37% |
| 2013-09-30 | 8.42% |
| 2013-06-30 | 8.97% |
| 2013-03-31 | 10.10% |
| 2012-12-31 | 9.66% |
| 2012-09-30 | 9.96% |
| 2012-06-30 | 10.21% |
| 2012-03-31 | 10.12% |
| 2011-12-31 | 10.20% |
| 2011-09-30 | 8.92% |
| 2011-06-30 | 8.89% |
| 2011-03-31 | 8.60% |
| 2010-12-31 | 8.72% |
| 2010-09-30 | 10.34% |
| 2010-06-30 | 9.78% |
| 2010-03-31 | 10.37% |
| 2009-12-31 | 10.32% |
| 2009-09-30 | 10.64% |
| 2009-06-30 | 11.52% |
| 2009-03-31 | 12.12% |
| 2008-12-31 | 12.76% |
| 2008-09-30 | 14.70% |
| 2008-06-30 | 12.52% |
| 2008-03-31 | 12.66% |
| 2007-12-31 | 13.10% |
| 2007-09-30 | 13.28% |
| 2007-06-30 | 15.69% |
| 2007-03-31 | 15.65% |
| 2006-12-31 | 15.57% |
| 2006-09-30 | 15.09% |
| 2006-06-30 | 14.56% |
| 2006-03-31 | 14.40% |
| 2005-12-31 | 14.54% |
| 2005-09-30 | 15.06% |
| 2005-06-30 | 14.41% |
| 2005-03-31 | 12.83% |
| 2004-12-31 | 11.26% |
| 2004-09-30 | 8.48% |
| 2004-06-30 | 7.44% |
| 2004-03-31 | 6.98% |
| 2003-12-31 | 6.49% |
| 2003-09-30 | 35.69% |
| 2003-06-30 | 37.95% |
