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 23.36% is 154% above its 5-year average of 9.20%, near the high end of its 5-year range (2.46%–23.36%).
As of the fiscal period ended Friday, July 31, 2026. 55.62% above its 12-month average of 15.01%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q3 FY2026 (2026-07-31): 23.36%.
RETURN ON INVESTED CAPITAL (ROIC)
23.36%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
15.01%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
5.81%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
9.20%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
7.02%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
6.23%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
4.94%
CURRENT VS TTM AVG
+55.62%
CURRENT VS 3Y AVG
+302.27%
CURRENT VS 5Y AVG
+154.03%
CURRENT VS 10Y AVG
+232.72%
CURRENT VS 15Y AVG
+274.90%
CURRENT VS 20Y AVG
+373.40%
SECTOR MEDIAN · CONSUMER CYCLICAL
3.85%
median of 302 covered companies
CURRENT VS SECTOR MEDIAN
+506.83%
vs the sector median at left
Hovnanian Enterprises, Inc. PFD DEP1/1000A
Market Cap
$2.67B
Return on Invested Capital (ROIC)
23.36%
TTM Avg
15.01%
3Y Avg
5.81%
5Y Avg
9.20%
Market Cap
$2.80B
Return on Invested Capital (ROIC)
3.52%
TTM Avg
8.61%
3Y Avg
10.08%
5Y Avg
9.39%
Market Cap
$2.48B
Return on Invested Capital (ROIC)
3.49%
TTM Avg
2.10%
3Y Avg
-1.23%
5Y Avg
2.84%
Market Cap
$2.86B
Return on Invested Capital (ROIC)
-38.99%
TTM Avg
-39.30%
3Y Avg
-34.93%
5Y Avg
-26.70%
Market Cap
$2.93B
Return on Invested Capital (ROIC)
9.69%
TTM Avg
8.22%
3Y Avg
9.82%
5Y Avg
9.61%
Market Cap
$2.38B
Return on Invested Capital (ROIC)
6.68%
TTM Avg
7.50%
3Y Avg
10.05%
5Y Avg
7.93%
Market Cap
$2.37B
Return on Invested Capital (ROIC)
11.40%
TTM Avg
6.62%
3Y Avg
0.47%
5Y Avg
-5.36%
Market Cap
$2.34B
Return on Invested Capital (ROIC)
13.60%
TTM Avg
11.98%
3Y Avg
8.73%
5Y Avg
-2.18%
Market Cap
$3.03B
Return on Invested Capital (ROIC)
11.65%
TTM Avg
9.18%
3Y Avg
9.38%
5Y Avg
10.17%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Hovnanian Enterprises, Inc. PFD DEP1/1000A (HOVNP) | $2.67B | 23.36% | 15.01% | 5.81% | 9.20% |
| KB Home (KBH)vs › | $2.80B | 3.52% | 8.61% | 10.08% | 9.39% |
| Advance Auto Parts, Inc. (AAP)vs › | $2.48B | 3.49% | 2.10% | -1.23% | 2.84% |
| QuantumScape Corporation (QS)vs › | $2.86B | -38.99% | -39.30% | -34.93% | -26.70% |
| Columbia Sportswear Company (COLM)vs › | $2.93B | 9.69% | 8.22% | 9.82% | 9.61% |
| Visteon Corporation (VC)vs › | $2.38B | 6.68% | 7.50% | 10.05% | 7.93% |
| Lindblad Expeditions Holdings, Inc. (LIND)vs › | $2.37B | 11.40% | 6.62% | 0.47% | -5.36% |
| OneSpaWorld Holdings Ltd (OSW)vs › | $2.34B | 13.60% | 11.98% | 8.73% | -2.18% |
| American Eagle Outfitters, Inc. (AEO)vs › | $3.03B | 11.65% | 9.18% | 9.38% | 10.17% |
| Red Rock Resorts, Inc. (RRR)vs › | $3.05B | 12.28% | 13.59% | 14.30% | 12.21% |
ROIC
23.4%
ROE
2.2%
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) |
|---|---|
| 2026-07-31 | 23.36% |
| 2026-04-30 | 20.77% |
| 2026-01-31 | 22.00% |
| 2025-10-31 | 2.46% |
| 2025-07-31 | 6.48% |
| 2025-04-30 | 7.92% |
| 2025-01-31 | 8.72% |
| 2024-10-31 | 8.97% |
| 2024-07-31 | 5.67% |
| 2024-04-30 | 3.98% |
| 2024-01-31 | 3.65% |
| 2023-10-31 | 3.31% |
| 2023-07-31 | 6.92% |
| 2023-04-30 | 10.37% |
| 2023-01-31 | 12.20% |
| 2022-10-31 | 12.15% |
| 2022-07-31 | 11.46% |
| 2022-04-30 | 11.09% |
| 2022-01-31 | 12.95% |
| 2021-10-31 | 14.34% |
| 2021-07-31 | 11.32% |
| 2021-04-30 | 9.00% |
| 2021-01-31 | 9.79% |
| 2020-10-31 | 7.46% |
| 2020-07-31 | 5.58% |
| 2020-04-30 | 6.39% |
| 2020-01-31 | 5.75% |
| 2019-10-31 | 5.95% |
| 2019-07-31 | 4.09% |
| 2019-04-30 | 5.56% |
| 2019-01-31 | 7.77% |
| 2018-10-31 | 4.92% |
| 2018-07-31 | 5.73% |
| 2018-04-30 | 4.76% |
| 2018-01-31 | 5.02% |
| 2017-10-31 | 5.47% |
| 2017-07-31 | 6.92% |
| 2017-04-30 | 3.48% |
| 2017-01-31 | 4.06% |
| 2016-10-31 | 2.68% |
| 2016-07-31 | 2.48% |
| 2016-04-30 | 4.05% |
| 2016-01-31 | 3.12% |
| 2015-10-31 | 3.19% |
| 2015-07-31 | 2.89% |
| 2015-04-30 | 3.88% |
| 2015-01-31 | 4.92% |
| 2014-10-31 | 5.69% |
| 2014-07-31 | 6.89% |
| 2014-04-30 | 4.90% |
| 2014-01-31 | 7.07% |
| 2013-10-31 | 7.93% |
| 2013-07-31 | 5.63% |
| 2013-04-30 | 5.14% |
| 2013-01-31 | 3.71% |
| 2012-10-31 | 2.53% |
| 2012-07-31 | -6.37% |
| 2012-04-30 | -10.08% |
| 2012-01-31 | -14.01% |
| 2011-10-31 | -15.21% |
| 2011-07-31 | -15.99% |
| 2011-04-30 | -17.92% |
| 2011-01-31 | -20.24% |
| 2010-10-31 | -18.14% |
| 2010-07-31 | -20.05% |
| 2010-04-30 | -24.56% |
| 2010-01-31 | -42.10% |
| 2009-10-31 | -57.66% |
| 2009-07-31 | -67.33% |
| 2009-04-30 | -54.91% |
| 2009-01-31 | -22.10% |
| 2008-10-31 | -34.71% |
| 2008-07-31 | -29.35% |
| 2008-04-30 | -30.71% |
| 2008-01-31 | -19.43% |
| 2007-10-31 | -15.45% |
| 2007-07-31 | -2.42% |
| 2007-04-30 | 3.09% |
| 2007-01-31 | 4.09% |
| 2006-10-31 | 7.79% |
| 2006-07-31 | 9.12% |
| 2006-04-30 | 10.04% |
| 2005-01-31 | 13.91% |
| 2004-10-31 | 13.67% |
| 2004-07-31 | 13.62% |
| 2004-04-30 | 13.47% |
| 2004-01-31 | 12.41% |
| 2003-10-31 | 15.70% |
| 2003-07-31 | 17.00% |