Basis: Latest reported fiscal year. 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 21.82% is in line with its 5-year average of 21.06%, around the middle of its 5-year range (13.05%–25.80%).
As of the fiscal period ended Wednesday, December 31, 2025. 8.36% below its 12-month average of 23.81%.
Annual fiscal-year return on invested capital; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
21.82%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
23.81%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
22.79%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
21.06%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
16.67%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
15.71%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
15.27%
CURRENT VS TTM AVG
-8.36%
CURRENT VS 3Y AVG
-4.25%
CURRENT VS 5Y AVG
+3.58%
CURRENT VS 10Y AVG
+30.87%
CURRENT VS 15Y AVG
+38.92%
CURRENT VS 20Y AVG
+42.89%
SECTOR MEDIAN · COMMUNICATION SERVICES
6.32%
median of 28 covered companies
CURRENT VS SECTOR MEDIAN
+245.25%
vs the sector median at left
Alphabet Inc.
Market Cap
$3.87T
Return on Invested Capital (ROIC)
21.82%
TTM Avg
23.81%
3Y Avg
22.79%
5Y Avg
21.06%
Market Cap
$4.89T
Return on Invested Capital (ROIC)
51.97%
TTM Avg
48.14%
3Y Avg
46.56%
5Y Avg
44.75%
Market Cap
$2.84T
Return on Invested Capital (ROIC)
21.63%
TTM Avg
21.95%
3Y Avg
23.20%
5Y Avg
22.53%
Market Cap
$1.51T
Return on Invested Capital (ROIC)
17.95%
TTM Avg
21.50%
3Y Avg
19.23%
5Y Avg
20.55%
Market Cap
$2.50T
Return on Invested Capital (ROIC)
10.70%
TTM Avg
12.01%
3Y Avg
8.52%
5Y Avg
8.71%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Alphabet Inc. (GOOG) | $3.87T | 21.82% | 23.81% | 22.79% | 21.06% |
| Apple Inc. (AAPL)vs › | $4.89T | 51.97% | 48.14% | 46.56% | 44.75% |
| Microsoft Corporation (MSFT)vs › | $2.84T | 21.63% | 21.95% | 23.20% | 22.53% |
| Meta Platforms, Inc. (META)vs › | $1.51T | 17.95% | 21.50% | 19.23% | 20.55% |
| Amazon.com, Inc. (AMZN)vs › | $2.50T | 10.70% | 12.01% | 8.52% | 8.71% |
| Netflix, Inc. (NFLX)vs › | $291.85B | 25.22% | 22.71% | 18.04% | 16.51% |
ROIC
21.8%
ROE
38.1%
ROIC = NOPAT / Invested Capital
Return on invested capital measures the after-tax return a company earns on all capital (debt and equity) invested in the business.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | RETURN ON INVESTED CAPITAL (ROIC) |
|---|---|
| 2025-12-31 | 21.82% |
| 2024-12-31 | 25.80% |
| 2023-12-31 | 22.44% |
| 2022-12-31 | 21.09% |
| 2021-12-31 | 22.19% |
| 2020-12-31 | 13.05% |
| 2019-12-31 | 12.79% |
| 2018-12-31 | 12.23% |
| 2017-12-31 | 7.04% |
| 2016-12-31 | 12.69% |
| 2015-12-31 | 12.26% |
| 2014-12-31 | 11.19% |
| 2013-12-31 | 13.01% |
| 2012-12-31 | 13.47% |
| 2011-12-31 | 14.30% |
| 2010-12-31 | 15.94% |
| 2009-12-31 | 17.13% |
| 2008-12-31 | 16.25% |
| 2007-12-31 | 16.17% |
| 2006-12-31 | 15.86% |
| 2005-12-31 | 14.49% |
| 2004-12-31 | 13.20% |
| 2003-12-31 | 16.18% |
| 2002-12-31 | 49.81% |
| 2001-12-31 | 0.00% |
| 2000-12-31 | 0.00% |
| 1999-12-31 | 0.00% |
