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 12.49% is in line with its 5-year average of 12.76%, near the low end of its 5-year range (10.54%–18.13%).
As of the fiscal period ended Tuesday, June 30, 2026. 2.07% above its 12-month average of 12.24%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 12.49%.
RETURN ON INVESTED CAPITAL (ROIC)
12.49%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
12.24%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
12.34%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
12.76%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
13.43%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
12.25%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
11.54%
CURRENT VS TTM AVG
+2.07%
CURRENT VS 3Y AVG
+1.20%
CURRENT VS 5Y AVG
-2.10%
CURRENT VS 10Y AVG
-6.95%
CURRENT VS 15Y AVG
+1.98%
CURRENT VS 20Y AVG
+8.28%
SECTOR MEDIAN · CONSUMER CYCLICAL
10.97%
median of 96 covered companies
CURRENT VS SECTOR MEDIAN
+13.83%
vs the sector median at left
Avery Dennison Corporation
Market Cap
$13.16B
Return on Invested Capital (ROIC)
12.49%
TTM Avg
12.24%
3Y Avg
12.34%
5Y Avg
12.76%
Market Cap
$13.98B
Return on Invested Capital (ROIC)
-17.14%
TTM Avg
-6.68%
3Y Avg
3.72%
5Y Avg
5.06%
Market Cap
$12.26B
Return on Invested Capital (ROIC)
19.09%
TTM Avg
18.12%
3Y Avg
1.79%
5Y Avg
3.40%
Market Cap
$11.78B
Return on Invested Capital (ROIC)
20.81%
TTM Avg
26.66%
3Y Avg
27.05%
5Y Avg
25.88%
Market Cap
$14.70B
Return on Invested Capital (ROIC)
31.55%
TTM Avg
-16.75%
3Y Avg
-45.75%
5Y Avg
-28.91%
Market Cap
$11.44B
Return on Invested Capital (ROIC)
7.22%
TTM Avg
11.53%
3Y Avg
12.86%
5Y Avg
15.18%
Market Cap
$14.96B
Return on Invested Capital (ROIC)
2.98%
TTM Avg
4.75%
3Y Avg
6.05%
5Y Avg
3.68%
Market Cap
$15.37B
Return on Invested Capital (ROIC)
-0.53%
TTM Avg
3.29%
3Y Avg
0.86%
5Y Avg
0.27%
Market Cap
$10.87B
Return on Invested Capital (ROIC)
34.54%
TTM Avg
32.91%
3Y Avg
30.05%
5Y Avg
28.01%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Avery Dennison Corporation (AVY) | $13.16B | 12.49% | 12.24% | 12.34% | 12.76% |
| Stellantis N.V. (STLA)vs › | $13.98B | -17.14% | -6.68% | 3.72% | 5.06% |
| Hasbro, Inc. (HAS)vs › | $12.26B | 19.09% | 18.12% | 1.79% | 3.40% |
| Lululemon Athletica Inc. (LULU)vs › | $11.78B | 20.81% | 26.66% | 27.05% | 25.88% |
| Wayfair Inc. (W)vs › | $14.70B | 31.55% | -16.75% | -45.75% | -28.91% |
| DICK'S Sporting Goods, Inc. (DKS)vs › | $11.44B | 7.22% | 11.53% | 12.86% | 15.18% |
| Hyatt Hotels Corporation (H)vs › | $14.96B | 2.98% | 4.75% | 6.05% | 3.68% |
| Flutter Entertainment plc (FLUT)vs › | $15.37B | -0.53% | 3.29% | 0.86% | 0.27% |
| Deckers Outdoor Corporation (DECK)vs › | $10.87B | 34.54% | 32.91% | 30.05% | 28.01% |
| DraftKings Inc. (DKNG)vs › | $10.82B | -6.69% | -11.74% | -27.64% | -31.58% |
ROIC
12.5%
ROE
30.4%
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) |
|---|---|
| 2026-06-30 | 12.49% |
| 2026-03-31 | 12.15% |
| 2025-12-31 | 12.31% |
| 2025-09-27 | 12.01% |
| 2025-06-28 | 12.64% |
| 2025-03-29 | 12.97% |
| 2024-12-28 | 13.44% |
| 2024-09-28 | 13.01% |
| 2024-06-29 | 12.73% |
| 2024-03-30 | 12.09% |
| 2023-12-30 | 11.29% |
| 2023-09-30 | 10.54% |
| 2023-07-01 | 11.01% |
| 2023-04-01 | 12.10% |
| 2022-12-31 | 14.15% |
| 2022-10-01 | 15.00% |
| 2022-07-02 | 14.08% |
| 2022-04-02 | 13.27% |
| 2022-01-01 | 13.87% |
| 2021-10-02 | 14.07% |
| 2021-07-03 | 18.13% |
| 2021-04-03 | 16.75% |
| 2021-01-02 | 15.43% |
| 2020-09-26 | 16.32% |
| 2020-06-27 | 16.25% |
| 2020-03-28 | 15.16% |
| 2019-12-28 | 22.39% |
| 2019-09-28 | 22.91% |
| 2019-06-29 | 21.76% |
| 2019-03-30 | 21.75% |
| 2018-12-29 | 20.10% |
| 2018-09-29 | 12.64% |
| 2018-06-30 | 12.69% |
| 2018-03-31 | 11.98% |
| 2017-12-30 | 11.89% |
| 2017-09-30 | 13.84% |
| 2017-07-01 | 13.02% |
| 2017-04-01 | 12.95% |
| 2016-12-31 | 13.61% |
| 2016-10-01 | 13.35% |
| 2016-07-02 | 14.11% |
| 2016-04-02 | 12.77% |
| 2016-01-02 | 13.00% |
| 2015-10-03 | 13.07% |
| 2015-07-04 | 11.97% |
| 2015-04-04 | 11.56% |
| 2015-01-03 | 11.31% |
| 2014-09-27 | 9.91% |
| 2014-06-28 | 9.74% |
| 2014-03-29 | 9.80% |
| 2013-12-28 | 9.85% |
| 2013-09-28 | 9.46% |
| 2013-06-29 | 7.67% |
| 2013-03-30 | 7.42% |
| 2012-12-29 | 7.08% |
| 2012-09-29 | 5.87% |
| 2012-06-30 | 6.22% |
| 2012-03-31 | 6.71% |
| 2011-12-31 | 6.79% |
| 2011-10-01 | 10.24% |
| 2011-07-02 | 9.79% |
| 2011-04-02 | 10.15% |
| 2011-01-01 | 11.26% |
| 2010-10-02 | 9.48% |
| 2010-07-03 | 10.44% |
| 2010-04-03 | 10.04% |
| 2010-01-02 | 8.66% |
| 2009-10-03 | 8.28% |
| 2009-07-04 | 8.08% |
| 2009-04-04 | 9.85% |
| 2008-12-27 | 8.95% |
| 2008-09-27 | 8.99% |
| 2008-06-28 | 8.95% |
| 2008-03-29 | 8.95% |
| 2007-12-29 | 8.95% |
| 2007-09-29 | 9.06% |
| 2007-06-30 | 8.94% |
| 2007-03-31 | 13.27% |
| 2006-12-30 | 14.00% |
| 2006-09-30 | 13.80% |
| 2006-07-01 | 13.15% |
| 2006-04-01 | 13.11% |
| 2005-12-31 | 12.77% |
| 2005-10-01 | 11.68% |
| 2005-07-02 | 11.28% |
| 2005-04-02 | 10.59% |
| 2005-01-01 | 10.88% |
| 2004-09-25 | 10.76% |
| 2004-06-26 | 10.48% |
| 2004-03-27 | 10.05% |
| 2003-12-27 | 10.65% |
| 2003-09-27 | 10.81% |
| 2003-06-28 | 10.98% |
