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 5.17% is in line with its 5-year average of 5.00%, near the high end of its 5-year range (-0.93%–6.01%).
As of the fiscal period ended Tuesday, June 30, 2026. 1.44% below its 12-month average of 5.24%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 5.17%.
RETURN ON INVESTED CAPITAL (ROIC)
5.17%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
5.24%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
5.32%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
5.00%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
4.79%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
4.47%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
-1.44%
CURRENT VS 3Y AVG
-2.93%
CURRENT VS 5Y AVG
+3.39%
CURRENT VS 10Y AVG
+7.94%
CURRENT VS 15Y AVG
+15.75%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · REAL ESTATE
4.78%
median of 40 covered companies
CURRENT VS SECTOR MEDIAN
+8.13%
vs the sector median at left
Apple Hospitality REIT, Inc.
Market Cap
$3.73B
Return on Invested Capital (ROIC)
5.17%
TTM Avg
5.24%
3Y Avg
5.32%
5Y Avg
5.00%
Market Cap
$3.28B
Return on Invested Capital (ROIC)
-20.71%
TTM Avg
-14.37%
3Y Avg
-14.37%
5Y Avg
-14.37%
Market Cap
$2.66B
Return on Invested Capital (ROIC)
-26.19%
TTM Avg
-11.84%
3Y Avg
-12.27%
5Y Avg
-10.65%
Market Cap
$2.07B
Return on Invested Capital (ROIC)
2.97%
TTM Avg
2.58%
3Y Avg
3.07%
5Y Avg
1.55%
Market Cap
$7.06B
Return on Invested Capital (ROIC)
3.65%
TTM Avg
3.42%
3Y Avg
3.48%
5Y Avg
3.75%
Market Cap
$7.91B
Return on Invested Capital (ROIC)
6.18%
TTM Avg
6.31%
3Y Avg
6.25%
5Y Avg
5.96%
Market Cap
$8.09B
Return on Invested Capital (ROIC)
3.56%
TTM Avg
3.52%
3Y Avg
3.39%
5Y Avg
3.41%
Market Cap
$8.20B
Return on Invested Capital (ROIC)
5.63%
TTM Avg
5.36%
3Y Avg
4.93%
5Y Avg
4.92%
Market Cap
$8.73B
Return on Invested Capital (ROIC)
6.88%
TTM Avg
7.40%
3Y Avg
7.29%
5Y Avg
7.17%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Apple Hospitality REIT, Inc. (APLE) | $3.73B | 5.17% | 5.24% | 5.32% | 5.00% |
| Fermi Inc. Common Stock (FRMI)vs › | $3.28B | -20.71% | -14.37% | -14.37% | -14.37% |
| Opendoor Technologies Inc. (OPEN)vs › | $2.66B | -26.19% | -11.84% | -12.27% | -10.65% |
| Sunstone Hotel Investors, Inc. (SHO)vs › | $2.07B | 2.97% | 2.58% | 3.07% | 1.55% |
| Terreno Realty Corporation (TRNO)vs › | $7.06B | 3.65% | 3.42% | 3.48% | 3.75% |
| NNN REIT, Inc. (NNN)vs › | $7.91B | 6.18% | 6.31% | 6.25% | 5.96% |
| Agree Realty Corporation (ADC)vs › | $8.09B | 3.56% | 3.52% | 3.39% | 3.41% |
| First Industrial Realty Trust, Inc. (FR)vs › | $8.20B | 5.63% | 5.36% | 4.93% | 4.92% |
| CubeSmart (CUBE)vs › | $8.73B | 6.88% | 7.40% | 7.29% | 7.17% |
| Alexandria Real Estate Equities, Inc. (ARE)vs › | $9.38B | -4.23% | -0.78% | 0.56% | 1.61% |
ROIC
5.2%
ROE
5.6%
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 | 5.17% |
| 2026-03-31 | 5.17% |
| 2025-12-31 | 5.13% |
| 2025-09-30 | 5.34% |
| 2025-06-30 | 5.42% |
| 2025-03-31 | 5.57% |
| 2024-12-31 | 6.01% |
| 2024-09-30 | 5.71% |
| 2024-06-30 | 5.60% |
| 2024-03-31 | 5.43% |
| 2023-12-31 | 5.12% |
| 2023-09-30 | 4.82% |
| 2023-06-30 | 4.75% |
| 2023-03-31 | 4.70% |
| 2022-12-31 | 4.38% |
| 2022-09-30 | 4.58% |
| 2022-06-30 | 4.01% |
| 2022-03-31 | 3.11% |
| 2021-12-31 | 1.81% |
| 2021-09-30 | 0.57% |
| 2021-06-30 | -0.93% |
| 2021-03-31 | -3.01% |
| 2020-12-31 | -2.16% |
| 2020-09-30 | -0.59% |
| 2020-06-30 | 1.12% |
| 2020-03-31 | 3.69% |
| 2019-12-31 | 4.82% |
| 2019-09-30 | 4.90% |
| 2019-06-30 | 5.18% |
| 2019-03-31 | 5.20% |
| 2018-12-31 | 5.30% |
| 2018-09-30 | 4.66% |
| 2018-06-30 | 4.64% |
| 2018-03-31 | 4.69% |
| 2017-12-31 | 4.54% |
| 2017-09-30 | 5.60% |
| 2017-06-30 | 4.57% |
| 2017-03-31 | 4.14% |
| 2016-12-31 | 3.99% |
| 2016-09-30 | 2.64% |
| 2016-06-30 | 4.25% |
| 2016-03-31 | 3.90% |
| 2015-12-31 | 3.70% |
| 2015-09-30 | 4.69% |
| 2015-06-30 | 4.45% |
| 2015-03-31 | 4.50% |
| 2014-12-31 | 0.67% |
| 2014-09-30 | 0.42% |
| 2014-06-30 | -0.05% |
| 2014-03-31 | -0.72% |
| 2013-12-31 | 5.52% |
| 2013-09-30 | 5.53% |
| 2013-06-30 | 5.27% |
| 2013-03-31 | 5.08% |
| 2012-12-31 | 4.99% |
| 2012-09-30 | 3.61% |
| 2012-06-30 | 3.59% |
| 2012-03-31 | 3.70% |
| 2011-12-31 | 3.51% |
| 2011-09-30 | 2.65% |
| 2011-06-30 | 1.77% |
| 2011-03-31 | 0.32% |
| 2010-12-31 | -0.05% |
| 2010-09-30 | 0.50% |
| 2010-06-30 | 0.78% |
| 2010-03-31 | 1.81% |
| 2009-12-31 | 1.84% |
| 2009-09-30 | 2.30% |
| 2009-06-30 | 1.92% |
| 2009-03-31 | 1.00% |
| 2008-12-31 | 1.01% |
