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 26.21% is 25% below its 5-year average of 34.75%, near the low end of its 5-year range (26.21%–40.02%).
As of the fiscal period ended Saturday, May 9, 2026. 8.57% below its 12-month average of 28.66%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q3 FY2026 (2026-05-09): 26.21%.
RETURN ON INVESTED CAPITAL (ROIC)
26.21%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
28.66%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
32.89%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
34.75%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
33.03%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
35.02%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
33.18%
CURRENT VS TTM AVG
-8.57%
CURRENT VS 3Y AVG
-20.32%
CURRENT VS 5Y AVG
-24.57%
CURRENT VS 10Y AVG
-20.66%
CURRENT VS 15Y AVG
-25.17%
CURRENT VS 20Y AVG
-21.02%
SECTOR MEDIAN · CONSUMER CYCLICAL
10.97%
median of 96 covered companies
CURRENT VS SECTOR MEDIAN
+138.80%
vs the sector median at left
AutoZone, Inc.
Market Cap
$46.43B
Return on Invested Capital (ROIC)
26.21%
TTM Avg
28.66%
3Y Avg
32.89%
5Y Avg
34.75%
Market Cap
$42.97B
Return on Invested Capital (ROIC)
18.22%
TTM Avg
18.59%
3Y Avg
17.18%
5Y Avg
14.25%
Market Cap
$50.13B
Return on Invested Capital (ROIC)
15.94%
TTM Avg
13.93%
3Y Avg
12.31%
5Y Avg
11.66%
Market Cap
$39.26B
Return on Invested Capital (ROIC)
8.54%
TTM Avg
11.91%
3Y Avg
15.13%
5Y Avg
15.47%
Market Cap
$53.81B
Return on Invested Capital (ROIC)
10.87%
TTM Avg
11.33%
3Y Avg
14.64%
5Y Avg
16.67%
Market Cap
$54.23B
Return on Invested Capital (ROIC)
1.61%
TTM Avg
1.44%
3Y Avg
2.09%
5Y Avg
1.44%
Market Cap
$37.42B
Return on Invested Capital (ROIC)
37.53%
TTM Avg
31.29%
3Y Avg
35.36%
5Y Avg
35.63%
Market Cap
$37.40B
Return on Invested Capital (ROIC)
0.25%
TTM Avg
4.44%
3Y Avg
4.53%
5Y Avg
4.06%
Market Cap
$32.58B
Return on Invested Capital (ROIC)
25.89%
TTM Avg
14.65%
3Y Avg
10.70%
5Y Avg
5.46%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| AutoZone, Inc. (AZO) | $46.43B | 26.21% | 28.66% | 32.89% | 34.75% |
| Chipotle Mexican Grill, Inc. (CMG)vs › | $42.97B | 18.22% | 18.59% | 17.18% | 14.25% |
| eBay Inc. (EBAY)vs › | $50.13B | 15.94% | 13.93% | 12.31% | 11.66% |
| D.R. Horton, Inc. (DHI)vs › | $39.26B | 8.54% | 11.91% | 15.13% | 15.47% |
| NIKE, Inc. (NKE)vs › | $53.81B | 10.87% | 11.33% | 14.64% | 16.67% |
| Ford Motor Company (F)vs › | $54.23B | 1.61% | 1.44% | 2.09% | 1.44% |
| Yum! Brands, Inc. (YUM)vs › | $37.42B | 37.53% | 31.29% | 35.36% | 35.63% |
| JD.com, Inc. (JD)vs › | $37.40B | 0.25% | 4.44% | 4.53% | 4.06% |
| Expedia Group, Inc. (EXPE)vs › | $32.58B | 25.89% | 14.65% | 10.70% | 5.46% |
| Sea Limited (SE)vs › | $60.80B | 8.55% | 5.58% | -0.58% | -6.38% |
ROIC
26.2%
ROE
N/A
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) |
|---|---|
| 2026-05-09 | 26.21% |
| 2026-02-14 | 26.83% |
| 2025-11-22 | 28.87% |
| 2025-08-30 | 29.26% |
| 2025-05-10 | 32.17% |
| 2025-02-15 | 33.73% |
| 2024-11-23 | 35.04% |
| 2024-08-31 | 35.72% |
| 2024-05-04 | 35.03% |
| 2024-02-10 | 36.76% |
| 2023-11-18 | 37.99% |
| 2023-08-26 | 37.10% |
| 2023-05-06 | 37.61% |
| 2023-02-11 | 37.52% |
| 2022-11-19 | 39.01% |
| 2022-08-27 | 38.60% |
| 2022-05-07 | 39.54% |
| 2022-02-12 | 40.02% |
| 2021-11-20 | 35.43% |
| 2021-08-28 | 32.53% |
| 2021-05-08 | 32.05% |
| 2021-02-13 | 26.71% |
| 2020-11-21 | 24.47% |
| 2020-08-29 | 23.29% |
| 2020-05-09 | 24.00% |
| 2020-02-15 | 24.18% |
| 2019-11-23 | 25.85% |
| 2019-08-31 | 40.25% |
| 2019-05-04 | 35.72% |
| 2019-02-09 | 35.10% |
| 2018-11-17 | 35.74% |
| 2018-08-25 | 34.28% |
| 2018-05-05 | 34.34% |
| 2018-02-10 | 32.82% |
| 2017-11-18 | 32.11% |
| 2017-08-26 | 30.79% |
| 2017-05-06 | 32.40% |
| 2017-02-11 | 33.17% |
| 2016-11-19 | 34.84% |
| 2016-08-27 | 34.19% |
| 2016-05-07 | 34.37% |
| 2016-02-13 | 33.73% |
| 2015-11-21 | 37.05% |
| 2015-08-29 | 37.05% |
| 2015-05-09 | 36.87% |
| 2015-02-14 | 35.45% |
| 2014-11-22 | 37.50% |
| 2014-08-30 | 37.29% |
| 2014-05-10 | 39.64% |
| 2014-02-15 | 38.61% |
| 2013-11-23 | 40.37% |
| 2013-08-31 | 39.19% |
| 2013-05-04 | 36.85% |
| 2013-02-09 | 36.62% |
| 2012-11-17 | 39.82% |
| 2012-08-25 | 39.21% |
| 2012-05-05 | 39.31% |
| 2012-02-11 | 38.80% |
| 2011-11-19 | 40.95% |
| 2011-08-27 | 38.75% |
| 2011-05-07 | 37.31% |
| 2011-02-12 | 34.70% |
| 2010-11-20 | 35.77% |
| 2010-08-28 | 33.13% |
| 2010-05-08 | 31.22% |
| 2010-02-13 | 28.90% |
| 2009-11-21 | 29.55% |
| 2009-08-29 | 28.62% |
| 2009-05-09 | 28.54% |
| 2009-02-14 | 26.32% |
| 2008-11-22 | 27.73% |
| 2008-08-30 | 26.00% |
| 2008-05-03 | 26.16% |
| 2008-02-09 | 26.23% |
| 2007-11-17 | 26.64% |
| 2007-08-25 | 26.49% |
| 2007-05-05 | 25.97% |
| 2007-02-10 | 25.59% |
| 2006-11-18 | 25.31% |
| 2006-08-26 | 25.79% |
| 2006-05-06 | 24.44% |
| 2006-02-11 | 24.27% |
| 2005-11-19 | 25.30% |
| 2005-08-27 | 26.21% |
| 2005-05-07 | 27.09% |
| 2005-02-12 | 26.15% |
| 2004-11-20 | 29.11% |
| 2004-08-28 | 28.88% |
| 2004-05-08 | 29.07% |
| 2004-02-14 | 28.60% |
| 2003-11-22 | 29.25% |
| 2003-08-30 | 28.44% |
| 2003-05-10 | 25.98% |
