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 25.89% is 195% above its 5-year average of 8.77%, near the high end of its 5-year range (-8.64%–27.99%).
As of the fiscal period ended Tuesday, June 30, 2026. 28.18% above its 12-month average of 20.20%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 25.89%.
RETURN ON INVESTED CAPITAL (ROIC)
25.89%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
20.20%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
12.04%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
8.77%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
5.76%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
6.51%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
6.52%
CURRENT VS TTM AVG
+28.18%
CURRENT VS 3Y AVG
+115.00%
CURRENT VS 5Y AVG
+195.37%
CURRENT VS 10Y AVG
+349.88%
CURRENT VS 15Y AVG
+297.59%
CURRENT VS 20Y AVG
+297.17%
SECTOR MEDIAN · CONSUMER CYCLICAL
10.97%
median of 96 covered companies
CURRENT VS SECTOR MEDIAN
+135.93%
vs the sector median at left
Expedia Group, Inc.
Market Cap
$31.99B
Return on Invested Capital (ROIC)
25.89%
TTM Avg
20.20%
3Y Avg
12.04%
5Y Avg
8.77%
Market Cap
$29.91B
Return on Invested Capital (ROIC)
11.08%
TTM Avg
10.00%
3Y Avg
3.73%
5Y Avg
-2.97%
Market Cap
$26.40B
Return on Invested Capital (ROIC)
30.09%
TTM Avg
31.32%
3Y Avg
30.00%
5Y Avg
33.34%
Market Cap
$37.79B
Return on Invested Capital (ROIC)
0.25%
TTM Avg
4.44%
3Y Avg
4.53%
5Y Avg
4.06%
Market Cap
$38.03B
Return on Invested Capital (ROIC)
37.53%
TTM Avg
31.29%
3Y Avg
35.36%
5Y Avg
35.63%
Market Cap
$25.90B
Return on Invested Capital (ROIC)
16.96%
TTM Avg
13.03%
3Y Avg
8.02%
5Y Avg
3.41%
Market Cap
$38.60B
Return on Invested Capital (ROIC)
8.54%
TTM Avg
11.91%
3Y Avg
15.13%
5Y Avg
15.47%
Market Cap
$25.29B
Return on Invested Capital (ROIC)
9.92%
TTM Avg
7.77%
3Y Avg
8.57%
5Y Avg
8.08%
Market Cap
$23.97B
Return on Invested Capital (ROIC)
13.11%
TTM Avg
13.11%
3Y Avg
12.40%
5Y Avg
12.43%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Expedia Group, Inc. (EXPE) | $31.99B | 25.89% | 20.20% | 12.04% | 8.77% |
| Carnival Corporation & plc (CCL)vs › | $29.91B | 11.08% | 10.00% | 3.73% | -2.97% |
| Williams-Sonoma, Inc. (WSM)vs › | $26.40B | 30.09% | 31.32% | 30.00% | 33.34% |
| JD.com, Inc. (JD)vs › | $37.79B | 0.25% | 4.44% | 4.53% | 4.06% |
| Yum! Brands, Inc. (YUM)vs › | $38.03B | 37.53% | 31.29% | 35.36% | 35.63% |
| Las Vegas Sands Corp. (LVS)vs › | $25.90B | 16.96% | 13.03% | 8.02% | 3.41% |
| D.R. Horton, Inc. (DHI)vs › | $38.60B | 8.54% | 11.91% | 15.13% | 15.47% |
| Restaurant Brands International Inc. (QSR)vs › | $25.29B | 9.92% | 7.77% | 8.57% | 8.08% |
| Darden Restaurants, Inc. (DRI)vs › | $23.97B | 13.11% | 13.11% | 12.40% | 12.43% |
| SharkNinja, Inc. (SN)vs › | $23.46B | 19.68% | 18.43% | 14.01% | 14.11% |
ROIC
25.9%
ROE
168.4%
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 | 25.89% |
| 2026-03-31 | 27.99% |
| 2025-12-31 | 18.64% |
| 2025-09-30 | 15.87% |
| 2025-06-30 | 12.62% |
| 2025-03-31 | 11.72% |
| 2024-12-31 | 10.66% |
| 2024-09-30 | 9.60% |
| 2024-06-30 | 8.22% |
| 2024-03-31 | 8.50% |
| 2023-12-31 | 7.08% |
| 2023-09-30 | 7.49% |
| 2023-06-30 | 8.22% |
| 2023-03-31 | 5.83% |
| 2022-12-31 | 6.42% |
| 2022-09-30 | 7.09% |
| 2022-06-30 | 6.36% |
| 2022-03-31 | 3.26% |
| 2021-12-31 | 1.45% |
| 2021-09-30 | -3.40% |
| 2021-06-30 | -8.64% |
| 2021-03-31 | -13.70% |
| 2020-12-31 | -20.47% |
| 2020-09-30 | -14.93% |
| 2020-06-30 | -9.29% |
| 2020-03-31 | -2.25% |
| 2019-12-31 | 5.82% |
| 2019-09-30 | 5.30% |
| 2019-06-30 | 7.23% |
| 2019-03-31 | 6.37% |
| 2018-12-31 | 5.88% |
| 2018-09-30 | 5.95% |
| 2018-06-30 | 4.06% |
| 2018-03-31 | 3.95% |
| 2017-12-31 | 5.00% |
| 2017-09-30 | 5.17% |
| 2017-06-30 | 4.99% |
| 2017-03-31 | 4.62% |
| 2016-12-31 | 4.32% |
| 2016-09-30 | 3.56% |
| 2016-06-30 | 3.09% |
| 2016-03-31 | 3.02% |
| 2015-12-31 | 3.37% |
| 2015-09-30 | 5.75% |
| 2015-06-30 | 5.82% |
| 2015-03-31 | 8.15% |
| 2014-12-31 | 8.60% |
| 2014-09-30 | 9.50% |
| 2014-06-30 | 8.96% |
| 2014-03-31 | 8.01% |
| 2013-12-31 | 5.93% |
| 2013-09-30 | 4.03% |
| 2013-06-30 | 4.01% |
| 2013-03-31 | 5.32% |
| 2012-12-31 | 9.11% |
| 2012-09-30 | 6.55% |
| 2012-06-30 | 7.63% |
| 2012-03-31 | 9.18% |
| 2011-12-31 | 9.85% |
| 2011-09-30 | 11.07% |
| 2011-06-30 | 10.71% |
| 2011-03-31 | 10.49% |
| 2010-12-31 | 10.54% |
| 2010-09-30 | 11.20% |
| 2010-06-30 | 11.34% |
| 2010-03-31 | 9.98% |
| 2009-12-31 | 9.23% |
| 2009-09-30 | -61.93% |
| 2009-06-30 | -65.08% |
| 2009-03-31 | -65.42% |
| 2008-12-31 | -56.12% |
| 2008-09-30 | 4.97% |
| 2008-06-30 | 5.17% |
| 2008-03-31 | 5.26% |
| 2007-12-31 | 4.80% |
| 2007-09-30 | 4.80% |
| 2007-06-30 | 3.90% |
| 2007-03-31 | 3.89% |
| 2006-12-31 | 3.26% |
| 2006-09-30 | 2.91% |
| 2006-06-30 | 3.51% |
| 2006-03-31 | 3.07% |
| 2005-12-31 | 3.34% |
| 2005-09-30 | 3.55% |
| 2005-06-30 | 2.24% |
