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 8.54% is 45% below its 5-year average of 15.43%, near the low end of its 5-year range (8.54%–21.49%).
As of the fiscal period ended Tuesday, June 30, 2026. 11.20% below its 12-month average of 9.62%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q3 FY2026 (2026-06-30): 8.54%.
RETURN ON INVESTED CAPITAL (ROIC)
8.54%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
9.62%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
12.66%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
15.43%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
13.13%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
10.33%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
8.75%
CURRENT VS TTM AVG
-11.20%
CURRENT VS 3Y AVG
-32.54%
CURRENT VS 5Y AVG
-44.65%
CURRENT VS 10Y AVG
-34.93%
CURRENT VS 15Y AVG
-17.32%
CURRENT VS 20Y AVG
-2.37%
SECTOR MEDIAN · CONSUMER CYCLICAL
10.97%
median of 96 covered companies
CURRENT VS SECTOR MEDIAN
-22.18%
vs the sector median at left
D.R. Horton, Inc.
Market Cap
$39.48B
Return on Invested Capital (ROIC)
8.54%
TTM Avg
9.62%
3Y Avg
12.66%
5Y Avg
15.43%
Market Cap
$37.88B
Return on Invested Capital (ROIC)
37.53%
TTM Avg
31.29%
3Y Avg
35.36%
5Y Avg
35.63%
Market Cap
$37.65B
Return on Invested Capital (ROIC)
0.25%
TTM Avg
4.44%
3Y Avg
4.53%
5Y Avg
4.06%
Market Cap
$43.38B
Return on Invested Capital (ROIC)
18.22%
TTM Avg
18.59%
3Y Avg
17.18%
5Y Avg
14.25%
Market Cap
$32.27B
Return on Invested Capital (ROIC)
25.89%
TTM Avg
14.65%
3Y Avg
10.70%
5Y Avg
5.46%
Market Cap
$46.81B
Return on Invested Capital (ROIC)
26.21%
TTM Avg
32.49%
3Y Avg
34.03%
5Y Avg
34.64%
Market Cap
$30.56B
Return on Invested Capital (ROIC)
11.08%
TTM Avg
10.00%
3Y Avg
3.73%
5Y Avg
-2.97%
Market Cap
$49.97B
Return on Invested Capital (ROIC)
15.94%
TTM Avg
13.93%
3Y Avg
12.31%
5Y Avg
11.66%
Market Cap
$26.80B
Return on Invested Capital (ROIC)
16.96%
TTM Avg
13.03%
3Y Avg
8.02%
5Y Avg
3.41%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| D.R. Horton, Inc. (DHI) | $39.48B | 8.54% | 9.62% | 12.66% | 15.43% |
| Yum! Brands, Inc. (YUM)vs › | $37.88B | 37.53% | 31.29% | 35.36% | 35.63% |
| JD.com, Inc. (JD)vs › | $37.65B | 0.25% | 4.44% | 4.53% | 4.06% |
| Chipotle Mexican Grill, Inc. (CMG)vs › | $43.38B | 18.22% | 18.59% | 17.18% | 14.25% |
| Expedia Group, Inc. (EXPE)vs › | $32.27B | 25.89% | 14.65% | 10.70% | 5.46% |
| AutoZone, Inc. (AZO)vs › | $46.81B | 26.21% | 32.49% | 34.03% | 34.64% |
| Carnival Corporation & plc (CCL)vs › | $30.56B | 11.08% | 10.00% | 3.73% | -2.97% |
| eBay Inc. (EBAY)vs › | $49.97B | 15.94% | 13.93% | 12.31% | 11.66% |
| Las Vegas Sands Corp. (LVS)vs › | $26.80B | 16.96% | 13.03% | 8.02% | 3.41% |
| Williams-Sonoma, Inc. (WSM)vs › | $26.04B | 30.09% | 31.32% | 30.00% | 33.34% |
ROIC
8.5%
ROE
12.8%
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 | 8.54% |
| 2026-03-31 | 8.86% |
| 2025-12-31 | 9.56% |
| 2025-09-30 | 10.09% |
| 2025-06-30 | 11.05% |
| 2025-03-31 | 12.35% |
| 2024-12-31 | 13.86% |
| 2024-09-30 | 13.71% |
| 2024-06-30 | 14.85% |
| 2024-03-31 | 15.10% |
| 2023-12-31 | 15.05% |
| 2023-09-30 | 15.44% |
| 2023-06-30 | 16.13% |
| 2023-03-31 | 18.11% |
| 2022-12-31 | 20.55% |
| 2022-09-30 | 21.15% |
| 2022-06-30 | 21.49% |
| 2022-03-31 | 20.70% |
| 2021-12-31 | 19.99% |
| 2021-09-30 | 18.99% |
| 2021-06-30 | 18.51% |
| 2021-03-31 | 16.69% |
| 2020-12-31 | 14.89% |
| 2020-09-30 | 13.32% |
| 2020-06-30 | 11.91% |
| 2020-03-31 | 11.22% |
| 2019-12-31 | 11.02% |
| 2019-09-30 | 10.61% |
| 2019-06-30 | 10.66% |
| 2019-03-31 | 10.79% |
| 2018-12-31 | 11.46% |
| 2018-09-30 | 10.95% |
| 2018-06-30 | 10.28% |
| 2018-03-31 | 9.26% |
| 2017-12-31 | 8.53% |
| 2017-09-30 | 9.41% |
| 2017-06-30 | 9.48% |
| 2017-03-31 | 8.91% |
| 2016-12-31 | 8.70% |
| 2016-09-30 | 8.17% |
| 2016-06-30 | 7.84% |
| 2016-03-31 | 7.51% |
| 2015-12-31 | 7.13% |
| 2015-09-30 | 7.01% |
| 2015-06-30 | 6.45% |
| 2015-03-31 | 5.44% |
| 2014-12-31 | 5.51% |
| 2014-09-30 | 5.42% |
| 2014-06-30 | 5.36% |
| 2014-03-31 | 5.86% |
| 2013-12-31 | 6.01% |
| 2013-09-30 | 5.41% |
| 2013-06-30 | 5.33% |
| 2013-03-31 | 5.38% |
| 2012-12-31 | 4.64% |
| 2012-09-30 | 3.65% |
| 2012-06-30 | 2.48% |
| 2012-03-31 | 2.18% |
| 2011-12-31 | 0.84% |
| 2011-09-30 | -0.03% |
| 2011-06-30 | 0.40% |
| 2011-03-31 | 1.17% |
| 2010-12-31 | 1.96% |
| 2010-09-30 | 3.61% |
| 2010-06-30 | -0.81% |
| 2010-03-31 | -4.84% |
| 2009-12-31 | -6.70% |
| 2009-09-30 | -8.70% |
| 2009-06-30 | -22.99% |
| 2009-03-31 | -28.32% |
| 2008-12-31 | -38.23% |
| 2008-09-30 | -38.22% |
| 2008-06-30 | -20.45% |
| 2008-03-28 | -23.14% |
| 2007-12-31 | -9.38% |
| 2007-09-30 | -4.92% |
| 2007-06-29 | 0.04% |
| 2007-03-31 | 6.09% |
| 2006-12-31 | 8.65% |
| 2006-09-30 | 9.70% |
| 2006-06-30 | 11.99% |
| 2006-03-31 | 13.63% |
| 2005-12-31 | 13.97% |
| 2005-09-30 | 13.87% |
| 2005-06-30 | 13.20% |
| 2005-03-31 | 12.34% |
| 2004-12-31 | 12.21% |
| 2004-09-30 | 12.63% |
| 2004-06-30 | 12.14% |
| 2004-03-31 | 11.58% |
| 2003-12-31 | 11.46% |
| 2003-09-30 | 10.20% |
| 2003-06-30 | 8.93% |
