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 20.73% is 14% above its 5-year average of 18.19%, near the high end of its 5-year range (-53.10%–24.57%).
As of the fiscal period ended Tuesday, June 30, 2026. 4.72% above its 12-month average of 19.80%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 20.73%.
RETURN ON INVESTED CAPITAL (ROIC)
20.73%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
19.80%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
18.28%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
18.19%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
+4.72%
CURRENT VS 3Y AVG
+13.38%
CURRENT VS 5Y AVG
+13.95%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · CONSUMER CYCLICAL
10.97%
median of 96 covered companies
CURRENT VS SECTOR MEDIAN
+88.87%
vs the sector median at left
Airbnb, Inc.
Market Cap
$100.71B
Return on Invested Capital (ROIC)
20.73%
TTM Avg
19.80%
3Y Avg
18.28%
5Y Avg
18.19%
Market Cap
$97.26B
Return on Invested Capital (ROIC)
11.63%
TTM Avg
15.13%
3Y Avg
13.90%
5Y Avg
10.34%
Market Cap
$110.02B
Return on Invested Capital (ROIC)
21.02%
TTM Avg
24.13%
3Y Avg
26.29%
5Y Avg
26.80%
Market Cap
$90.83B
Return on Invested Capital (ROIC)
4.74%
TTM Avg
8.93%
3Y Avg
10.48%
5Y Avg
8.33%
Market Cap
$110.83B
Return on Invested Capital (ROIC)
17.16%
TTM Avg
23.32%
3Y Avg
22.85%
5Y Avg
14.25%
Market Cap
$114.00B
Return on Invested Capital (ROIC)
10.00%
TTM Avg
13.23%
3Y Avg
16.04%
5Y Avg
14.19%
Market Cap
$86.34B
Return on Invested Capital (ROIC)
18.61%
TTM Avg
15.33%
3Y Avg
16.05%
5Y Avg
12.13%
Market Cap
$78.42B
Return on Invested Capital (ROIC)
17.35%
TTM Avg
14.52%
3Y Avg
2.24%
5Y Avg
-0.85%
Market Cap
$77.04B
Return on Invested Capital (ROIC)
0.81%
TTM Avg
2.58%
3Y Avg
3.32%
5Y Avg
3.26%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Airbnb, Inc. (ABNB) | $100.71B | 20.73% | 19.80% | 18.28% | 18.19% |
| MercadoLibre, Inc. (MELI)vs › | $97.26B | 11.63% | 15.13% | 13.90% | 10.34% |
| Lowe's Companies, Inc. (LOW)vs › | $110.02B | 21.02% | 24.13% | 26.29% | 26.80% |
| BYD Company Limited (BYDDY)vs › | $90.83B | 4.74% | 8.93% | 10.48% | 8.33% |
| PDD Holdings Inc. (PDD)vs › | $110.83B | 17.16% | 23.32% | 22.85% | 14.25% |
| Starbucks Corporation (SBUX)vs › | $114.00B | 10.00% | 13.23% | 16.04% | 14.19% |
| Marriott International, Inc. (MAR)vs › | $86.34B | 18.61% | 15.33% | 16.05% | 12.13% |
| Carvana Co. (CVNA)vs › | $78.42B | 17.35% | 14.52% | 2.24% | -0.85% |
| General Motors Company (GM)vs › | $77.04B | 0.81% | 2.58% | 3.32% | 3.26% |
| Ross Stores, Inc. (ROST)vs › | $72.40B | 22.56% | 18.07% | 17.13% | 15.21% |
ROIC
20.7%
ROE
34.5%
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 | 20.73% |
| 2026-03-31 | 19.28% |
| 2025-12-31 | 19.48% |
| 2025-09-30 | 19.18% |
| 2025-06-30 | 20.31% |
| 2025-03-31 | 19.07% |
| 2024-12-31 | 18.80% |
| 2024-09-30 | 11.86% |
| 2024-06-30 | 15.23% |
| 2024-03-31 | 15.62% |
| 2023-12-31 | 14.19% |
| 2023-09-30 | 19.36% |
| 2023-06-30 | 24.57% |
| 2023-03-31 | 22.01% |
| 2022-12-31 | 21.27% |
| 2022-09-30 | 19.32% |
| 2022-06-30 | 15.99% |
| 2022-03-31 | 11.16% |
| 2021-12-31 | 5.84% |
| 2021-09-30 | -39.11% |
| 2021-06-30 | -53.10% |
| 2021-03-31 | -64.37% |
| 2020-12-31 | -66.75% |
| 2020-09-30 | -28.82% |
