Mid-Cap ROIC Leaders

This screen targets mid-size companies that have reached a scale where their business models are proven, yet still retain meaningful room to redeploy capital efficiently. A high return on invested capital signals that management is generating substantially more value than the cost of the resources it employs — a trait most commonly found in businesses with durable competitive advantages, pricing power, or asset-light operating structures. The conservative leverage filter ensures that those returns reflect genuine operational strength rather than financial engineering.

Investors drawn to quality-oriented, fundamentals-driven strategies will find this screen most relevant. The Tessera Quality overlay adds a further layer of scrutiny, filtering out companies whose strong ROIC figures may rest on fragile foundations. The result is a compact universe of mid-caps where capital discipline and business quality tend to reinforce each other.