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RingCentral RNG Return on invested capital

Return on invested capital at other companies

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26.7%-1.2pp
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16.8%+1.6pp
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TwilioTWLO
2.9%+2.7pp
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Zoom Video Communications, Inc.ZM
11.1%+1.7pp
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3.6%+2.2pp
SoundHound AI, Inc. logo
SoundHound AI, Inc.SOUN
-191.3%-2,889pp

Other financials

Income statement

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Revenue$644.2M+5.3%
Gross profit$464.8M+7.7%
Operating income$50.0M+384%
Net income$30.6M+396%
EPS (diluted)$0.35+418%

Balance sheet

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Cash & equivalents$111.1M-25.5%
Total debt$1.3B-11.0%
Total equity-$609.3M-12.6%
Total assets$1.4B-12.9%

Cash flow

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Operating cash flow$164.0M+9.6%
CapEx$6.5M+17.1%
Free cash flow$157.5M+9.3%

Valuation

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Market cap$2.97B+39.2%
Enterprise value$4.11B+21.8%
P/E35.2×
P/S1.2×+0.3×

Profitability

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Gross margin71.6%+1.1pp
Operating margin6.3%+5.3pp
Net margin3.3%+2.5pp
FCF margin23.6%+2.5pp

Returns & leverage

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Return on equity-402.5%
Debt / equity
Current ratio1.1×+0.5×

Where this comes from

Calculated from RingCentral’s reported figures.

Based on trailing twelve months.

The official record: RingCentral’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is RingCentral's return on invested capital?
RingCentral (RNG) reported return on invested capital of 22.8% in Q1 2026.
How has RingCentral's return on invested capital changed year-over-year?
RingCentral's return on invested capital increased by 704.3% year-over-year, from 2.8% to 22.8%.
What is the long-term trend for RingCentral's return on invested capital?
Over 5 years (2020 to 2025), RingCentral's return on invested capital has grown at a -11.4% compound annual growth rate (CAGR), from -23.1% to 12.6%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.