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 -2.72% is 71% above its 5-year average of -9.32%, near the high end of its 5-year range (-19.37%–-2.72%).
As of the fiscal period ended Friday, July 31, 2026. 11.58% above its 12-month average of -3.07%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
-2.72%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
-3.07%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
-4.41%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
-9.32%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
-9.42%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
+11.58%
CURRENT VS 3Y AVG
+38.44%
CURRENT VS 5Y AVG
+70.85%
CURRENT VS 10Y AVG
+71.17%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · TECHNOLOGY
8.17%
median of 193 covered companies
CURRENT VS SECTOR MEDIAN
-133.25%
vs the sector median at left
Zscaler, Inc.
Market Cap
$26.19B
Return on Invested Capital (ROIC)
-2.72%
TTM Avg
-3.07%
3Y Avg
-4.41%
5Y Avg
-9.32%
Market Cap
$26.04B
Return on Invested Capital (ROIC)
9.73%
TTM Avg
9.11%
3Y Avg
14.76%
5Y Avg
15.52%
Market Cap
$25.81B
Return on Invested Capital (ROIC)
6.05%
TTM Avg
5.96%
3Y Avg
5.53%
5Y Avg
5.53%
Market Cap
$26.61B
Return on Invested Capital (ROIC)
8.92%
TTM Avg
9.77%
3Y Avg
10.34%
5Y Avg
10.06%
Market Cap
$25.51B
Return on Invested Capital (ROIC)
N/A
TTM Avg
95.28%
3Y Avg
77.28%
5Y Avg
58.97%
Market Cap
$26.99B
Return on Invested Capital (ROIC)
12.43%
TTM Avg
12.84%
3Y Avg
13.67%
5Y Avg
13.33%
Market Cap
$27.12B
Return on Invested Capital (ROIC)
6.47%
TTM Avg
8.44%
3Y Avg
7.30%
5Y Avg
5.83%
Market Cap
$24.80B
Return on Invested Capital (ROIC)
7.37%
TTM Avg
6.07%
3Y Avg
10.73%
5Y Avg
9.25%
Market Cap
$24.74B
Return on Invested Capital (ROIC)
4.47%
TTM Avg
1.88%
3Y Avg
4.52%
5Y Avg
0.38%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Zscaler, Inc. (ZS) | $26.19B | -2.72% | -3.07% | -4.41% | -9.32% |
| Super Micro Computer, Inc. (SMCI)vs › | $26.04B | 9.73% | 9.11% | 14.76% | 15.52% |
| Qnity Electronics, Inc. (Q)vs › | $25.81B | 6.05% | 5.96% | 5.53% | 5.53% |
| Corpay, Inc. (CPAY)vs › | $26.61B | 8.92% | 9.77% | 10.34% | 10.06% |
| VeriSign, Inc. (VRSN)vs › | $25.51B | N/A | 95.28% | 77.28% | 58.97% |
| Cognizant Technology Solutions Corporation (CTSH)vs › | $26.99B | 12.43% | 12.84% | 13.67% | 13.33% |
| Fiserv, Inc. (FISV)vs › | $27.12B | 6.47% | 8.44% | 7.30% | 5.83% |
| Tower Semiconductor Ltd. (TSEM)vs › | $24.80B | 7.37% | 6.07% | 10.73% | 9.25% |
| GLOBALFOUNDRIES Inc. (GFS)vs › | $24.74B | 4.47% | 1.88% | 4.52% | 0.38% |
| ON Semiconductor Corporation (ON)vs › | $27.67B | 5.23% | 9.06% | 13.88% | 12.30% |
ROIC
-2.7%
ROE
-2.4%
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) |
|---|---|
| 2026-07-31 | -2.72% |
| 2026-04-30 | -3.26% |
| 2026-01-31 | -3.24% |
| 2025-10-31 | -3.05% |
| 2025-07-31 | -3.10% |
| 2025-04-30 | -3.52% |
| 2025-01-31 | -3.19% |
| 2024-10-31 | -3.77% |
| 2024-07-31 | -4.53% |
| 2024-04-30 | -5.61% |
| 2024-01-31 | -7.82% |
| 2023-10-31 | -9.15% |
| 2023-07-31 | -10.40% |
| 2023-04-30 | -13.39% |
| 2023-01-31 | -16.04% |
| 2022-10-31 | -18.41% |
| 2022-07-31 | -19.28% |
| 2022-04-30 | -19.37% |
| 2022-01-31 | -17.00% |
| 2021-10-31 | -15.39% |
| 2021-07-31 | -13.49% |
| 2021-04-30 | -12.35% |
| 2021-01-31 | -10.98% |
| 2020-10-31 | -8.41% |
| 2020-07-31 | -6.73% |
| 2020-04-30 | -14.07% |
| 2020-01-31 | -11.33% |
| 2019-10-31 | -8.65% |
| 2019-07-31 | -6.50% |
| 2019-04-30 | -7.52% |
| 2019-01-31 | -7.34% |
| 2018-10-31 | -7.95% |
| 2018-07-31 | -10.03% |
| 2018-04-30 | -12.83% |
| 2018-01-31 | -66.63% |
| 2017-10-31 | -77.27% |
| 2017-07-31 | -56.17% |
| 2017-04-30 | -41.11% |
