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 3.93% is 395% above its 5-year average of -1.33%, near the high end of its 5-year range (-4.10%–3.93%).
As of the fiscal period ended Tuesday, June 30, 2026. 267.07% above its 12-month average of 1.07%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 3.93%.
RETURN ON INVESTED CAPITAL (ROIC)
3.93%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
1.07%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
-1.49%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
-1.33%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
-2.70%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
+267.07%
CURRENT VS 3Y AVG
+364.39%
CURRENT VS 5Y AVG
+395.41%
CURRENT VS 10Y AVG
+245.43%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · COMMUNICATION SERVICES
3.75%
median of 80 covered companies
CURRENT VS SECTOR MEDIAN
+5.00%
vs the sector median at left
Atlanta Braves Holdings, Inc.
Market Cap
$3.67B
Return on Invested Capital (ROIC)
3.93%
TTM Avg
1.07%
3Y Avg
-1.49%
5Y Avg
-1.33%
Market Cap
$3.32B
Return on Invested Capital (ROIC)
-2.72%
TTM Avg
-0.91%
3Y Avg
-1.92%
5Y Avg
-2.53%
Market Cap
$2.95B
Return on Invested Capital (ROIC)
N/A
TTM Avg
0.14%
3Y Avg
-0.04%
5Y Avg
1.07%
Market Cap
$2.83B
Return on Invested Capital (ROIC)
42.91%
TTM Avg
14.43%
3Y Avg
10.09%
5Y Avg
12.05%
Market Cap
$2.39B
Return on Invested Capital (ROIC)
-17.76%
TTM Avg
-13.08%
3Y Avg
-13.08%
5Y Avg
-20.31%
Market Cap
$5.13B
Return on Invested Capital (ROIC)
6.43%
TTM Avg
7.54%
3Y Avg
5.59%
5Y Avg
4.16%
Market Cap
$5.63B
Return on Invested Capital (ROIC)
12.51%
TTM Avg
11.80%
3Y Avg
7.97%
5Y Avg
8.37%
Market Cap
$1.67B
Return on Invested Capital (ROIC)
13.67%
TTM Avg
-6.49%
3Y Avg
-5.73%
5Y Avg
-9.75%
Market Cap
$6.59B
Return on Invested Capital (ROIC)
0.23%
TTM Avg
-2.04%
3Y Avg
-2.45%
5Y Avg
-0.69%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Atlanta Braves Holdings, Inc. (BATRA) | $3.67B | 3.93% | 1.07% | -1.49% | -1.33% |
| Atlanta Braves Holdings, Inc. (BATRK)vs › | $3.32B | -2.72% | -0.91% | -1.92% | -2.53% |
| Liberty Global plc (LBTYA)vs › | $2.95B | N/A | 0.14% | -0.04% | 1.07% |
| CarGurus, Inc. (CARG)vs › | $2.83B | 42.91% | 14.43% | 10.09% | 12.05% |
| Trump Media & Technology Group Corp. (DJT)vs › | $2.39B | -17.76% | -13.08% | -13.08% | -20.31% |
| Iridium Communications Inc. (IRDM)vs › | $5.13B | 6.43% | 7.54% | 5.59% | 4.16% |
| The Trade Desk, Inc. (TTD)vs › | $5.63B | 12.51% | 11.80% | 7.97% | 8.37% |
| Anterix Inc. (ATEX)vs › | $1.67B | 13.67% | -6.49% | -5.73% | -9.75% |
| Zillow Group, Inc. Class C (Z)vs › | $6.59B | 0.23% | -2.04% | -2.45% | -0.69% |
| Groupon, Inc. (GRPN)vs › | $748.66M | 1.80% | 3.46% | -12.60% | -15.39% |
ROIC
3.9%
ROE
5.7%
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 | 3.93% |
| 2026-03-31 | 0.70% |
| 2025-12-31 | 1.14% |
| 2025-09-30 | 0.63% |
| 2025-06-30 | -1.05% |
| 2025-03-31 | -2.32% |
| 2024-12-31 | -2.96% |
| 2024-09-30 | -3.89% |
| 2024-06-30 | -3.33% |
| 2024-03-31 | -3.86% |
| 2023-12-31 | -3.54% |
| 2023-09-30 | -1.59% |
| 2023-06-30 | -3.22% |
| 2023-03-31 | -2.67% |
| 2022-12-31 | -2.31% |
| 2022-09-30 | -0.99% |
| 2022-06-30 | 0.55% |
| 2022-03-31 | 0.54% |
| 2021-12-31 | 1.27% |
| 2021-09-30 | -0.92% |
| 2021-06-30 | -4.10% |
| 2021-03-31 | -8.79% |
| 2020-12-31 | -8.79% |
| 2020-09-30 | -9.21% |
| 2020-06-30 | -6.62% |
| 2020-03-31 | -2.17% |
| 2019-12-31 | -2.66% |
| 2019-09-30 | -1.49% |
| 2019-06-30 | 0.14% |
| 2019-03-31 | 0.22% |
| 2018-12-31 | 0.06% |
| 2018-09-30 | -2.07% |
| 2018-06-30 | -5.12% |
| 2018-03-31 | -7.38% |
| 2017-12-31 | -6.32% |
| 2017-09-30 | -3.61% |
| 2017-06-30 | -3.25% |
| 2017-03-31 | -3.46% |
| 2016-12-31 | -4.42% |
| 2016-09-30 | -5.25% |
| 2016-06-30 | 22.08% |
| 2016-03-31 | 54.67% |
| 2015-12-31 | 92.62% |
| 2015-09-30 | 92.03% |
| 2013-12-31 | 16.12% |
