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 11.08% is 5689% above its 5-year average of -0.20%, near the high end of its 5-year range (-15.20%–11.10%).
As of the fiscal period ended Sunday, May 31, 2026. 2.48% above its 12-month average of 10.82%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-05-31): 11.08%.
RETURN ON INVESTED CAPITAL (ROIC)
11.08%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
10.82%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
8.41%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
-0.20%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
1.85%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
7.04%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
7.59%
CURRENT VS TTM AVG
+2.48%
CURRENT VS 3Y AVG
+31.73%
CURRENT VS 5Y AVG
+5689.39%
CURRENT VS 10Y AVG
+500.57%
CURRENT VS 15Y AVG
+57.47%
CURRENT VS 20Y AVG
+46.00%
SECTOR MEDIAN · CONSUMER CYCLICAL
10.97%
median of 96 covered companies
CURRENT VS SECTOR MEDIAN
+0.99%
vs the sector median at left
Carnival Corporation & plc
Market Cap
$30.47B
Return on Invested Capital (ROIC)
11.08%
TTM Avg
10.82%
3Y Avg
8.41%
5Y Avg
-0.20%
Market Cap
$30.25B
Return on Invested Capital (ROIC)
25.89%
TTM Avg
14.65%
3Y Avg
10.70%
5Y Avg
5.46%
Market Cap
$27.31B
Return on Invested Capital (ROIC)
30.09%
TTM Avg
31.32%
3Y Avg
30.00%
5Y Avg
33.34%
Market Cap
$25.25B
Return on Invested Capital (ROIC)
16.96%
TTM Avg
13.03%
3Y Avg
8.02%
5Y Avg
3.41%
Market Cap
$25.15B
Return on Invested Capital (ROIC)
19.68%
TTM Avg
18.43%
3Y Avg
14.01%
5Y Avg
14.11%
Market Cap
$24.86B
Return on Invested Capital (ROIC)
9.92%
TTM Avg
7.77%
3Y Avg
8.57%
5Y Avg
8.08%
Market Cap
$24.34B
Return on Invested Capital (ROIC)
2.90%
TTM Avg
2.54%
3Y Avg
6.05%
5Y Avg
6.90%
Market Cap
$37.22B
Return on Invested Capital (ROIC)
0.25%
TTM Avg
4.44%
3Y Avg
4.53%
5Y Avg
4.06%
Market Cap
$23.44B
Return on Invested Capital (ROIC)
23.11%
TTM Avg
24.69%
3Y Avg
26.34%
5Y Avg
27.55%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Carnival Corporation & plc (CCL) | $30.47B | 11.08% | 10.82% | 8.41% | -0.20% |
| Expedia Group, Inc. (EXPE)vs › | $30.25B | 25.89% | 14.65% | 10.70% | 5.46% |
| Williams-Sonoma, Inc. (WSM)vs › | $27.31B | 30.09% | 31.32% | 30.00% | 33.34% |
| Las Vegas Sands Corp. (LVS)vs › | $25.25B | 16.96% | 13.03% | 8.02% | 3.41% |
| SharkNinja, Inc. (SN)vs › | $25.15B | 19.68% | 18.43% | 14.01% | 14.11% |
| Restaurant Brands International Inc. (QSR)vs › | $24.86B | 9.92% | 7.77% | 8.57% | 8.08% |
| Smurfit Westrock plc (SW)vs › | $24.34B | 2.90% | 2.54% | 6.05% | 6.90% |
| JD.com, Inc. (JD)vs › | $37.22B | 0.25% | 4.44% | 4.53% | 4.06% |
| Ulta Beauty, Inc. (ULTA)vs › | $23.44B | 23.11% | 24.69% | 26.34% | 27.55% |
| PulteGroup, Inc. (PHM)vs › | $23.13B | 11.61% | 17.02% | 18.63% | 18.01% |
ROIC
11.1%
ROE
23.7%
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) |
|---|---|
| 2026-05-31 | 11.08% |
| 2026-02-28 | 11.10% |
| 2025-11-30 | 10.83% |
| 2025-08-31 | 10.49% |
| 2025-05-31 | 10.56% |
| 2025-02-28 | 9.95% |
| 2024-11-30 | 9.17% |
| 2024-08-31 | 8.42% |
| 2024-05-31 | 7.36% |
| 2024-02-29 | 5.99% |
| 2023-11-30 | 4.92% |
| 2023-08-31 | 1.08% |
| 2023-05-31 | -3.50% |
| 2023-02-28 | -7.05% |
| 2022-11-30 | -10.02% |
| 2022-08-31 | -11.54% |
| 2022-05-31 | -15.20% |
| 2022-02-28 | -14.90% |
| 2021-11-30 | -14.88% |
| 2021-08-31 | -14.12% |
| 2021-05-31 | -13.92% |
| 2021-02-28 | -18.11% |
| 2020-11-30 | -17.83% |
| 2020-08-31 | -14.45% |
| 2020-05-31 | -5.73% |
| 2020-02-29 | 5.29% |
| 2019-11-30 | 8.47% |
| 2019-08-31 | 8.85% |
| 2019-05-31 | 8.79% |
| 2019-02-28 | 8.80% |
| 2018-11-30 | 9.18% |
| 2018-08-31 | 9.31% |
| 2018-05-31 | 8.28% |
| 2018-02-28 | 8.06% |
| 2017-11-30 | 8.03% |
| 2017-08-31 | 8.22% |
| 2017-05-31 | 8.95% |
| 2017-02-28 | 9.08% |
| 2016-11-30 | 9.16% |
| 2016-08-31 | 8.80% |
| 2016-05-31 | 8.67% |
| 2016-02-29 | 8.17% |
| 2015-11-30 | 7.47% |
| 2015-08-31 | 6.77% |
| 2015-05-31 | 6.43% |
| 2015-02-28 | 5.84% |
| 2014-11-30 | 5.13% |
| 2014-08-31 | 4.62% |
| 2014-05-31 | 3.66% |
| 2014-02-28 | 3.65% |
| 2013-11-30 | 3.88% |
| 2013-08-31 | 4.04% |
| 2013-05-31 | 5.25% |
| 2013-02-28 | 5.52% |
| 2012-11-30 | 4.88% |
| 2012-08-31 | 5.23% |
| 2012-05-31 | 5.66% |
| 2012-02-29 | 5.70% |
| 2011-11-30 | 6.67% |
| 2011-08-31 | 6.44% |
| 2011-05-31 | 6.49% |
| 2011-02-28 | 6.88% |
| 2010-11-30 | 7.09% |
| 2010-08-31 | 7.06% |
| 2010-05-31 | 6.62% |
| 2010-02-28 | 6.32% |
| 2009-11-30 | 6.51% |
| 2009-08-31 | 7.12% |
| 2009-05-31 | 8.16% |
| 2009-02-28 | 9.17% |
| 2008-11-30 | 9.15% |
| 2008-08-31 | 8.74% |
| 2008-05-31 | 8.95% |
| 2008-02-29 | 9.45% |
| 2007-11-30 | 9.19% |
| 2007-08-31 | 9.93% |
| 2007-05-31 | 9.63% |
| 2007-02-28 | 9.76% |
| 2006-11-30 | 9.65% |
| 2006-08-31 | 9.61% |
| 2006-05-31 | 8.83% |
| 2006-02-28 | 9.21% |
| 2005-11-30 | 10.33% |
| 2005-08-31 | 9.18% |
| 2005-05-31 | 9.58% |
| 2005-02-28 | 9.39% |
| 2004-11-30 | 8.73% |
| 2004-08-31 | 8.67% |
| 2004-05-31 | 7.44% |
| 2004-02-29 | 6.54% |
| 2003-11-30 | 6.23% |
| 2003-08-31 | 6.21% |
| 2003-05-31 | 4.77% |
