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 17.35% is 688% above its 5-year average of 2.20%, near the high end of its 5-year range (-19.00%–19.55%).
As of the fiscal period ended Tuesday, June 30, 2026. 0.98% below its 12-month average of 17.52%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 17.35%.
RETURN ON INVESTED CAPITAL (ROIC)
17.35%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
17.52%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
8.95%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
2.20%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
-9.15%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
-0.98%
CURRENT VS 3Y AVG
+93.83%
CURRENT VS 5Y AVG
+688.36%
CURRENT VS 10Y AVG
+289.58%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · CONSUMER CYCLICAL
10.97%
median of 96 covered companies
CURRENT VS SECTOR MEDIAN
+58.07%
vs the sector median at left
Carvana Co.
Market Cap
$77.73B
Return on Invested Capital (ROIC)
17.35%
TTM Avg
17.52%
3Y Avg
8.95%
5Y Avg
2.20%
Market Cap
$78.83B
Return on Invested Capital (ROIC)
0.81%
TTM Avg
2.58%
3Y Avg
3.32%
5Y Avg
3.26%
Market Cap
$73.79B
Return on Invested Capital (ROIC)
22.56%
TTM Avg
18.07%
3Y Avg
17.13%
5Y Avg
15.21%
Market Cap
$72.28B
Return on Invested Capital (ROIC)
36.25%
TTM Avg
36.73%
3Y Avg
38.72%
5Y Avg
37.25%
Market Cap
$71.96B
Return on Invested Capital (ROIC)
19.03%
TTM Avg
19.49%
3Y Avg
18.52%
5Y Avg
16.61%
Market Cap
$69.91B
Return on Invested Capital (ROIC)
16.55%
TTM Avg
15.98%
3Y Avg
14.34%
5Y Avg
10.05%
Market Cap
$68.48B
Return on Invested Capital (ROIC)
14.59%
TTM Avg
14.57%
3Y Avg
9.20%
5Y Avg
1.14%
Market Cap
$88.78B
Return on Invested Capital (ROIC)
18.61%
TTM Avg
15.33%
3Y Avg
16.05%
5Y Avg
12.13%
Market Cap
$65.25B
Return on Invested Capital (ROIC)
8.55%
TTM Avg
5.58%
3Y Avg
-0.58%
5Y Avg
-6.38%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Carvana Co. (CVNA) | $77.73B | 17.35% | 17.52% | 8.95% | 2.20% |
| General Motors Company (GM)vs › | $78.83B | 0.81% | 2.58% | 3.32% | 3.26% |
| Ross Stores, Inc. (ROST)vs › | $73.79B | 22.56% | 18.07% | 17.13% | 15.21% |
| O'Reilly Automotive, Inc. (ORLY)vs › | $72.28B | 36.25% | 36.73% | 38.72% | 37.25% |
| Ferrari N.V. (RACE)vs › | $71.96B | 19.03% | 19.49% | 18.52% | 16.61% |
| Hilton Worldwide Holdings Inc. (HLT)vs › | $69.91B | 16.55% | 15.98% | 14.34% | 10.05% |
| Royal Caribbean Cruises Ltd. (RCL)vs › | $68.48B | 14.59% | 14.57% | 9.20% | 1.14% |
| Marriott International, Inc. (MAR)vs › | $88.78B | 18.61% | 15.33% | 16.05% | 12.13% |
| Sea Limited (SE)vs › | $65.25B | 8.55% | 5.58% | -0.58% | -6.38% |
| BYD Company Limited (BYDDY)vs › | $92.91B | 4.74% | 8.93% | 10.48% | 8.33% |
ROIC
17.3%
ROE
38.9%
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 | 17.35% |
| 2026-03-31 | 16.80% |
| 2025-12-31 | 15.73% |
| 2025-09-30 | 19.55% |
| 2025-06-30 | 18.17% |
| 2025-03-31 | 15.96% |
| 2024-12-31 | 13.32% |
| 2024-09-30 | 10.72% |
| 2024-06-30 | 6.17% |
| 2024-03-31 | 2.90% |
| 2023-12-31 | -1.03% |
| 2023-09-30 | -7.55% |
| 2023-06-30 | -11.74% |
| 2023-03-31 | -15.48% |
| 2022-12-31 | -19.00% |
| 2022-09-30 | -13.54% |
| 2022-06-30 | -9.31% |
| 2022-03-31 | -6.96% |
| 2021-12-31 | -1.64% |
| 2021-09-30 | -2.14% |
| 2021-06-30 | -2.07% |
| 2021-03-31 | -7.66% |
| 2020-12-31 | -12.42% |
| 2020-09-30 | -14.05% |
| 2020-06-30 | -18.10% |
| 2020-03-31 | -17.75% |
| 2019-12-31 | -15.48% |
| 2019-09-30 | -17.29% |
| 2019-06-30 | -18.97% |
| 2019-03-31 | -21.26% |
| 2018-12-31 | -26.28% |
| 2018-09-30 | -17.90% |
| 2018-06-30 | -22.44% |
| 2018-03-31 | -25.64% |
| 2017-12-31 | -26.37% |
| 2017-09-30 | -32.20% |
| 2017-06-30 | -28.38% |
| 2017-03-31 | -34.53% |
| 2016-12-31 | -29.26% |
| 2016-09-30 | -26.26% |
