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 20.66% is 40% above its 5-year average of 14.77%, near the high end of its 5-year range (-35.81%–20.66%).
As of the fiscal period ended Tuesday, June 30, 2026. 39.97% above its 12-month average of 14.76%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
20.66%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
14.76%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
14.87%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
14.77%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
10.94%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
+39.97%
CURRENT VS 3Y AVG
+39.01%
CURRENT VS 5Y AVG
+39.93%
CURRENT VS 10Y AVG
+88.92%
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
+88.29%
vs the sector median at left
Etsy, Inc.
Market Cap
$6.76B
Return on Invested Capital (ROIC)
20.66%
TTM Avg
14.76%
3Y Avg
14.87%
5Y Avg
14.77%
Market Cap
$6.76B
Return on Invested Capital (ROIC)
20.97%
TTM Avg
22.98%
3Y Avg
20.90%
5Y Avg
16.22%
Market Cap
$6.82B
Return on Invested Capital (ROIC)
8.01%
TTM Avg
9.10%
3Y Avg
3.40%
5Y Avg
-3.91%
Market Cap
$6.58B
Return on Invested Capital (ROIC)
5.41%
TTM Avg
5.06%
3Y Avg
-0.33%
5Y Avg
-3.66%
Market Cap
$6.12B
Return on Invested Capital (ROIC)
5.62%
TTM Avg
6.91%
3Y Avg
8.54%
5Y Avg
8.63%
Market Cap
$7.69B
Return on Invested Capital (ROIC)
12.80%
TTM Avg
9.09%
3Y Avg
5.92%
5Y Avg
3.73%
Market Cap
$7.80B
Return on Invested Capital (ROIC)
4.46%
TTM Avg
4.39%
3Y Avg
1.85%
5Y Avg
3.49%
Market Cap
$5.66B
Return on Invested Capital (ROIC)
6.67%
TTM Avg
6.23%
3Y Avg
5.01%
5Y Avg
8.15%
Market Cap
$5.33B
Return on Invested Capital (ROIC)
18.10%
TTM Avg
19.37%
3Y Avg
19.61%
5Y Avg
26.64%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Etsy, Inc. (ETSY) | $6.76B | 20.66% | 14.76% | 14.87% | 14.77% |
| Abercrombie & Fitch Co. (ANF)vs › | $6.76B | 20.97% | 22.98% | 20.90% | 16.22% |
| Norwegian Cruise Line Holdings Ltd. (NCLH)vs › | $6.82B | 8.01% | 9.10% | 3.40% | -3.91% |
| CAVA Group, Inc. (CAVA)vs › | $6.58B | 5.41% | 5.06% | -0.33% | -3.66% |
| LKQ Corporation (LKQ)vs › | $6.12B | 5.62% | 6.91% | 8.54% | 8.63% |
| The Gap, Inc. (GAP)vs › | $7.69B | 12.80% | 9.09% | 5.92% | 3.73% |
| Mohawk Industries, Inc. (MHK)vs › | $7.80B | 4.46% | 4.39% | 1.85% | 3.49% |
| Macy's, Inc. (M)vs › | $5.66B | 6.67% | 6.23% | 5.01% | 8.15% |
| Crocs, Inc. (CROX)vs › | $5.33B | 18.10% | 19.37% | 19.61% | 26.64% |
| The Cheesecake Factory Incorporated (CAKE)vs › | $5.15B | 7.19% | 5.48% | 4.37% | 4.22% |
ROIC
20.7%
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) |
|---|---|
| 2026-06-30 | 20.66% |
| 2026-03-31 | 15.34% |
| 2025-12-31 | 12.40% |
| 2025-09-30 | 12.81% |
| 2025-06-30 | 12.60% |
| 2025-03-31 | 16.59% |
| 2024-12-31 | 16.02% |
| 2024-09-30 | 13.54% |
| 2024-06-30 | 14.30% |
| 2024-03-31 | 13.96% |
| 2023-12-31 | 14.17% |
| 2023-09-30 | 15.98% |
| 2023-06-30 | -35.81% |
| 2023-03-31 | -33.21% |
| 2022-12-31 | -32.88% |
| 2022-09-30 | -33.57% |
| 2022-06-30 | 12.13% |
| 2022-03-31 | 12.24% |
| 2021-12-31 | 14.48% |
| 2021-09-30 | 15.99% |
| 2021-06-30 | 17.83% |
| 2021-03-31 | 24.81% |
| 2020-12-31 | 20.77% |
| 2020-09-30 | 15.15% |
| 2020-06-30 | 12.40% |
| 2020-03-31 | 6.07% |
| 2019-12-31 | 6.56% |
| 2019-09-30 | 6.93% |
| 2019-06-30 | 11.43% |
| 2019-03-31 | 11.13% |
| 2018-12-31 | 9.47% |
| 2018-09-30 | 8.17% |
| 2018-06-30 | 6.95% |
| 2018-03-31 | 3.64% |
| 2017-12-31 | 2.36% |
| 2017-09-30 | -0.61% |
| 2017-06-30 | -1.65% |
| 2017-03-31 | 1.93% |
| 2016-12-31 | 3.54% |
| 2016-09-30 | 2.52% |
| 2016-06-30 | 2.10% |
| 2016-03-31 | 1.14% |
| 2015-12-31 | -0.40% |
| 2015-09-30 | -2.16% |
| 2015-06-30 | -2.41% |
| 2015-03-31 | -4.05% |
| 2014-12-31 | -3.01% |
| 2014-09-30 | -2.41% |
| 2014-06-30 | -1.23% |
| 2013-12-31 | 0.36% |
