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 16.96% is 209% above its 5-year average of 5.49%, near the high end of its 5-year range (-5.41%–16.96%).
As of the fiscal period ended Tuesday, June 30, 2026. 20.67% above its 12-month average of 14.06%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 16.96%.
RETURN ON INVESTED CAPITAL (ROIC)
16.96%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
14.06%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
11.86%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
5.49%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
8.39%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
13.51%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
8.55%
CURRENT VS TTM AVG
+20.67%
CURRENT VS 3Y AVG
+43.01%
CURRENT VS 5Y AVG
+208.90%
CURRENT VS 10Y AVG
+102.14%
CURRENT VS 15Y AVG
+25.58%
CURRENT VS 20Y AVG
+98.34%
SECTOR MEDIAN · CONSUMER CYCLICAL
10.97%
median of 96 covered companies
CURRENT VS SECTOR MEDIAN
+54.55%
vs the sector median at left
Las Vegas Sands Corp.
Market Cap
$27.74B
Return on Invested Capital (ROIC)
16.96%
TTM Avg
14.06%
3Y Avg
11.86%
5Y Avg
5.49%
Market Cap
$26.71B
Return on Invested Capital (ROIC)
9.92%
TTM Avg
7.77%
3Y Avg
8.57%
5Y Avg
8.08%
Market Cap
$26.64B
Return on Invested Capital (ROIC)
30.09%
TTM Avg
31.32%
3Y Avg
30.00%
5Y Avg
33.34%
Market Cap
$31.16B
Return on Invested Capital (ROIC)
11.08%
TTM Avg
10.00%
3Y Avg
3.73%
5Y Avg
-2.97%
Market Cap
$24.03B
Return on Invested Capital (ROIC)
13.11%
TTM Avg
13.11%
3Y Avg
12.40%
5Y Avg
12.43%
Market Cap
$23.94B
Return on Invested Capital (ROIC)
31.15%
TTM Avg
19.06%
3Y Avg
15.55%
5Y Avg
15.27%
Market Cap
$23.51B
Return on Invested Capital (ROIC)
23.11%
TTM Avg
24.69%
3Y Avg
26.34%
5Y Avg
27.55%
Market Cap
$32.15B
Return on Invested Capital (ROIC)
25.89%
TTM Avg
14.65%
3Y Avg
10.70%
5Y Avg
5.46%
Market Cap
$22.83B
Return on Invested Capital (ROIC)
11.61%
TTM Avg
17.02%
3Y Avg
18.63%
5Y Avg
18.01%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Las Vegas Sands Corp. (LVS) | $27.74B | 16.96% | 14.06% | 11.86% | 5.49% |
| Restaurant Brands International Inc. (QSR)vs › | $26.71B | 9.92% | 7.77% | 8.57% | 8.08% |
| Williams-Sonoma, Inc. (WSM)vs › | $26.64B | 30.09% | 31.32% | 30.00% | 33.34% |
| Carnival Corporation & plc (CCL)vs › | $31.16B | 11.08% | 10.00% | 3.73% | -2.97% |
| Darden Restaurants, Inc. (DRI)vs › | $24.03B | 13.11% | 13.11% | 12.40% | 12.43% |
| Tapestry, Inc. (TPR)vs › | $23.94B | 31.15% | 19.06% | 15.55% | 15.27% |
| Ulta Beauty, Inc. (ULTA)vs › | $23.51B | 23.11% | 24.69% | 26.34% | 27.55% |
| Expedia Group, Inc. (EXPE)vs › | $32.15B | 25.89% | 14.65% | 10.70% | 5.46% |
| PulteGroup, Inc. (PHM)vs › | $22.83B | 11.61% | 17.02% | 18.63% | 18.01% |
| Casey's General Stores, Inc. (CASY)vs › | $22.78B | 10.25% | 9.22% | 9.50% | 9.23% |
ROIC
17.0%
ROE
301.9%
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 | 16.96% |
| 2026-03-31 | 15.42% |
| 2025-12-31 | 13.82% |
| 2025-09-30 | 12.81% |
| 2025-06-30 | 11.28% |
| 2025-03-31 | 11.10% |
| 2024-12-31 | 11.98% |
| 2024-09-30 | 11.78% |
| 2024-06-30 | 12.35% |
| 2024-03-31 | 11.95% |
| 2023-12-31 | 9.68% |
| 2023-09-30 | 5.60% |
| 2023-06-30 | 1.57% |
| 2023-03-31 | -0.54% |
| 2022-12-31 | -3.93% |
| 2022-09-30 | -3.90% |
| 2022-06-30 | -4.49% |
| 2022-03-31 | -4.44% |
| 2021-12-31 | -3.92% |
| 2021-09-30 | -4.36% |
| 2021-06-30 | -5.41% |
| 2021-03-31 | -8.74% |
| 2020-12-31 | -8.22% |
| 2020-09-30 | -1.81% |
| 2020-06-30 | 4.41% |
| 2020-03-31 | 12.48% |
| 2019-12-31 | 16.16% |
| 2019-09-30 | 12.63% |
| 2019-06-30 | 12.64% |
| 2019-03-31 | 12.21% |
| 2018-12-31 | 17.07% |
| 2018-09-30 | 19.00% |
| 2018-06-30 | 19.14% |
| 2018-03-31 | 20.54% |
| 2017-12-31 | 19.21% |
| 2017-09-30 | 16.21% |
| 2017-06-30 | 15.11% |
| 2017-03-31 | 13.61% |
| 2016-12-31 | 12.50% |
| 2016-09-30 | 12.42% |
| 2016-06-30 | 12.16% |
| 2016-03-31 | 13.47% |
| 2015-12-31 | 13.98% |
| 2015-09-30 | 15.79% |
| 2015-06-30 | 16.50% |
| 2015-03-31 | 18.23% |
| 2014-12-31 | 19.43% |
| 2014-09-30 | 19.24% |
| 2014-06-30 | 18.66% |
| 2014-03-31 | 17.74% |
| 2013-12-31 | 16.04% |
| 2013-09-30 | 15.12% |
| 2013-06-30 | 13.63% |
| 2013-03-31 | 11.52% |
| 2012-12-31 | 10.74% |
| 2012-09-30 | 10.04% |
| 2012-06-30 | 10.64% |
| 2012-03-31 | 11.29% |
| 2011-12-31 | 10.63% |
| 2011-09-30 | 10.00% |
| 2011-06-30 | 8.90% |
| 2011-03-31 | 7.45% |
| 2010-12-31 | 5.61% |
| 2010-09-30 | 3.52% |
| 2010-06-30 | 1.24% |
| 2010-03-31 | 0.42% |
| 2009-12-31 | -0.15% |
| 2009-09-30 | -0.64% |
| 2009-06-30 | -0.89% |
| 2009-03-31 | 0.66% |
| 2008-12-31 | 1.04% |
| 2008-09-30 | 2.52% |
| 2008-06-30 | 2.41% |
| 2008-03-31 | 1.46% |
| 2007-12-31 | 2.78% |
| 2007-09-30 | 3.05% |
| 2007-06-30 | 4.66% |
| 2007-03-31 | 7.19% |
| 2006-12-31 | 7.87% |
| 2006-09-30 | 7.91% |
| 2006-06-30 | 9.00% |
| 2006-03-31 | 12.50% |
| 2005-12-31 | 14.07% |
| 2005-09-30 | 13.36% |
| 2005-06-30 | 9.39% |
| 2005-03-31 | 21.95% |
| 2004-12-31 | 18.78% |
