Alphabet Inc.(GOOGL)
Internet Content & Information · Mountain View, CA
$337.24-1.23 (-0.36%)
Delayed quote: Sep 8, 2026, 11:00 AM EDT
Internet Content & Information · Mountain View, CA
Delayed quote: Sep 8, 2026, 11:00 AM EDT
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 15.14% is 33% below its 5-year average of 22.61%, near the low end of its 5-year range (15.14%–26.01%).
As of the fiscal period ended Tuesday, June 30, 2026. 26.93% below its 12-month average of 20.71%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
15.14%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
20.71%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
23.24%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
22.61%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
17.13%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
15.68%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
15.29%
CURRENT VS TTM AVG
-26.93%
CURRENT VS 3Y AVG
-34.86%
CURRENT VS 5Y AVG
-33.04%
CURRENT VS 10Y AVG
-11.65%
CURRENT VS 15Y AVG
-3.47%
CURRENT VS 20Y AVG
-1.00%
SECTOR MEDIAN · COMMUNICATION SERVICES
6.70%
median of 31 covered companies
CURRENT VS SECTOR MEDIAN
+125.91%
vs the sector median at left
Alphabet Inc.
Market Cap
$4.08T
Return on Invested Capital (ROIC)
15.14%
TTM Avg
20.71%
3Y Avg
23.24%
5Y Avg
22.61%
Market Cap
$4.64T
Return on Invested Capital (ROIC)
51.87%
TTM Avg
48.56%
3Y Avg
46.94%
5Y Avg
45.10%
Market Cap
$3.65T
Return on Invested Capital (ROIC)
20.90%
TTM Avg
21.46%
3Y Avg
22.11%
5Y Avg
23.14%
Market Cap
$1.56T
Return on Invested Capital (ROIC)
17.18%
TTM Avg
21.66%
3Y Avg
19.38%
5Y Avg
20.71%
Market Cap
$2.76T
Return on Invested Capital (ROIC)
8.48%
TTM Avg
12.01%
3Y Avg
9.06%
5Y Avg
9.07%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Alphabet Inc. (GOOGL) | $4.08T | 15.14% | 20.71% | 23.24% | 22.61% |
| Apple Inc. (AAPL)vs › | $4.64T | 51.87% | 48.56% | 46.94% | 45.10% |
| Microsoft Corporation (MSFT)vs › | $3.65T | 20.90% | 21.46% | 22.11% | 23.14% |
| Meta Platforms, Inc. (META)vs › | $1.56T | 17.18% | 21.66% | 19.38% | 20.71% |
| Amazon.com, Inc. (AMZN)vs › | $2.76T | 8.48% | 12.01% | 9.06% | 9.07% |
| Netflix, Inc. (NFLX)vs › | $318.67B | 24.34% | 22.80% | 18.12% | 16.60% |
ROIC
15.1%
ROE
38.1%
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 | 15.14% |
| 2026-03-31 | 19.20% |
| 2025-12-31 | 21.80% |
| 2025-09-30 | 23.22% |
| 2025-06-30 | 24.21% |
| 2025-03-31 | 25.44% |
| 2024-12-31 | 26.01% |
| 2024-09-30 | 25.32% |
| 2024-06-30 | 25.11% |
| 2024-03-31 | 24.04% |
| 2023-12-31 | 22.64% |
| 2023-09-30 | 21.58% |
| 2023-06-30 | 20.25% |
| 2023-03-31 | 19.92% |
| 2022-12-31 | 21.26% |
| 2022-09-30 | 22.92% |
| 2022-06-30 | 23.66% |
| 2022-03-31 | 23.54% |
| 2021-12-31 | 22.19% |
| 2021-09-30 | 21.08% |
| 2021-06-30 | 18.72% |
| 2021-03-31 | 15.25% |
| 2020-12-31 | 13.14% |
| 2020-09-30 | 12.36% |
| 2020-06-30 | 12.46% |
| 2020-03-31 | 13.43% |
| 2019-12-31 | 12.86% |
| 2019-09-30 | 12.40% |
| 2019-06-30 | 12.73% |
| 2019-03-31 | 10.83% |
| 2018-12-31 | 12.22% |
| 2018-09-30 | 8.10% |
| 2018-06-30 | 7.91% |
| 2018-03-31 | 8.18% |
| 2017-12-31 | 8.31% |
| 2017-09-30 | 12.01% |
| 2017-06-30 | 11.60% |
| 2017-03-31 | 12.68% |
| 2016-12-31 | 12.69% |
| 2016-09-30 | 13.07% |
| 2016-06-30 | 12.98% |
| 2016-03-31 | 12.67% |
| 2015-12-31 | 12.28% |
| 2015-09-30 | 11.44% |
| 2015-06-30 | 11.03% |
| 2015-03-31 | 10.91% |
| 2014-12-31 | 11.32% |
| 2014-09-30 | 11.62% |
| 2014-06-30 | 12.29% |
| 2014-03-31 | 11.98% |
| 2013-12-31 | 12.67% |
| 2013-09-30 | 12.77% |
| 2013-06-30 | 12.29% |
| 2013-03-31 | 12.80% |
| 2012-12-31 | 12.58% |
| 2012-09-30 | 13.02% |
| 2012-06-30 | 14.09% |
| 2012-03-31 | 14.76% |
| 2011-12-31 | 14.30% |
| 2011-09-30 | 14.60% |
| 2011-06-30 | 14.61% |
| 2011-03-31 | 14.79% |
| 2010-12-31 | 15.94% |
| 2010-09-30 | 16.35% |
| 2010-06-30 | 17.21% |
| 2010-03-31 | 17.50% |
| 2009-12-31 | 17.13% |
| 2009-09-30 | 16.12% |
| 2009-06-30 | 16.06% |
| 2009-03-31 | 16.02% |
| 2008-12-31 | 16.25% |
| 2008-09-30 | 16.57% |
| 2008-06-30 | 16.47% |
| 2008-03-31 | 16.07% |
| 2007-12-31 | 16.17% |
| 2007-09-30 | 16.74% |
| 2007-06-30 | 16.45% |
| 2007-03-31 | 16.45% |
| 2006-12-31 | 15.86% |
| 2006-09-30 | 14.75% |
| 2006-06-30 | 13.75% |
| 2006-03-31 | 15.20% |
| 2005-12-31 | 14.49% |
| 2005-09-30 | 14.09% |
| 2005-06-30 | 23.07% |
| 2005-03-31 | 27.42% |
| 2004-12-31 | 20.60% |
| 2004-09-30 | 16.43% |
| 2004-06-30 | 42.67% |
| 2004-03-31 | 29.17% |
| 2003-12-31 | 29.64% |