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 3.73% is 45% below its 5-year average of 6.74%, near the high end of its 5-year range (-18.56%–9.73%).
As of the fiscal period ended Tuesday, June 30, 2026. 44.45% below its 12-month average of 6.71%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 3.73%.
RETURN ON INVESTED CAPITAL (ROIC)
3.73%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
6.71%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
8.22%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
6.74%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
4.62%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
3.17%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
2.42%
CURRENT VS TTM AVG
-44.45%
CURRENT VS 3Y AVG
-54.64%
CURRENT VS 5Y AVG
-44.71%
CURRENT VS 10Y AVG
-19.26%
CURRENT VS 15Y AVG
+17.44%
CURRENT VS 20Y AVG
+54.18%
SECTOR MEDIAN · COMMUNICATION SERVICES
6.77%
median of 30 covered companies
CURRENT VS SECTOR MEDIAN
-44.90%
vs the sector median at left
Live Nation Entertainment, Inc.
Market Cap
$39.91B
Return on Invested Capital (ROIC)
3.73%
TTM Avg
6.71%
3Y Avg
8.22%
5Y Avg
6.74%
Market Cap
$31.26B
Return on Invested Capital (ROIC)
23.61%
TTM Avg
-5.53%
3Y Avg
-8.04%
5Y Avg
-8.91%
Market Cap
$30.05B
Return on Invested Capital (ROIC)
12.80%
TTM Avg
12.36%
3Y Avg
11.09%
5Y Avg
10.65%
Market Cap
$23.36B
Return on Invested Capital (ROIC)
7.56%
TTM Avg
-3.63%
3Y Avg
-12.34%
5Y Avg
-7.26%
Market Cap
$22.24B
Return on Invested Capital (ROIC)
7.04%
TTM Avg
9.14%
3Y Avg
10.96%
5Y Avg
11.24%
Market Cap
$19.32B
Return on Invested Capital (ROIC)
6.83%
TTM Avg
7.32%
3Y Avg
7.21%
5Y Avg
6.83%
Market Cap
$17.15B
Return on Invested Capital (ROIC)
5.72%
TTM Avg
5.46%
3Y Avg
4.42%
5Y Avg
4.67%
Market Cap
$14.52B
Return on Invested Capital (ROIC)
6.70%
TTM Avg
4.86%
3Y Avg
7.34%
5Y Avg
8.06%
Market Cap
$12.53B
Return on Invested Capital (ROIC)
5.38%
TTM Avg
4.75%
3Y Avg
0.70%
5Y Avg
1.11%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Live Nation Entertainment, Inc. (LYV) | $39.91B | 3.73% | 6.71% | 8.22% | 6.74% |
| Reddit, Inc. (RDDT)vs › | $31.26B | 23.61% | -5.53% | -8.04% | -8.91% |
| Fox Corporation (FOXA)vs › | $30.05B | 12.80% | 12.36% | 11.09% | 10.65% |
| Roku, Inc. (ROKU)vs › | $23.36B | 7.56% | -3.63% | -12.34% | -7.26% |
| Omnicom Group Inc. (OMC)vs › | $22.24B | 7.04% | 9.14% | 10.96% | 11.24% |
| Charter Communications, Inc. (CHTR)vs › | $19.32B | 6.83% | 7.32% | 7.21% | 6.83% |
| News Corporation (NWSA)vs › | $17.15B | 5.72% | 5.46% | 4.42% | 4.67% |
| TKO Group Holdings, Inc. (TKO)vs › | $14.52B | 6.70% | 4.86% | 7.34% | 8.06% |
| Pinterest, Inc. (PINS)vs › | $12.53B | 5.38% | 4.75% | 0.70% | 1.11% |
| Paramount Skydance Corporation Class B Common Stock (PSKY)vs › | $11.82B | -15.75% | -5.76% | -4.18% | -4.18% |
ROIC
3.7%
ROE
163.6%
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 | 3.73% |
| 2026-03-31 | 3.87% |
| 2025-12-31 | 7.26% |
| 2025-09-30 | 9.73% |
| 2025-06-30 | 8.96% |
| 2025-03-31 | 9.09% |
| 2024-12-31 | 7.82% |
| 2024-09-30 | 6.86% |
| 2024-06-30 | 7.77% |
| 2024-03-31 | 7.46% |
| 2023-12-31 | 8.96% |
| 2023-09-30 | 8.78% |
| 2023-06-30 | 7.70% |
| 2023-03-31 | 7.29% |
| 2022-12-31 | 6.75% |
| 2022-09-30 | 7.12% |
| 2022-06-30 | 3.25% |
| 2022-03-31 | -1.05% |
| 2021-12-31 | -5.14% |
| 2021-09-30 | -8.71% |
| 2021-06-30 | -18.56% |
| 2021-03-31 | -24.98% |
| 2020-12-31 | -24.15% |
| 2020-09-30 | -18.33% |
| 2020-06-30 | -7.12% |
| 2020-03-31 | 1.35% |
| 2019-12-31 | 3.00% |
| 2019-09-30 | 3.39% |
| 2019-06-30 | 3.24% |
| 2019-03-31 | 2.99% |
| 2018-12-31 | 3.89% |
| 2018-09-30 | 3.23% |
| 2018-06-30 | 2.65% |
| 2018-03-31 | 2.22% |
| 2017-12-31 | 2.14% |
| 2017-09-30 | 3.66% |
| 2017-06-30 | 3.80% |
| 2017-03-31 | 2.62% |
| 2016-12-31 | 2.46% |
| 2016-09-30 | 2.64% |
| 2016-06-30 | 2.08% |
| 2016-03-31 | 1.66% |
| 2015-12-31 | 1.76% |
| 2015-09-30 | -0.36% |
| 2015-06-30 | -0.44% |
| 2015-03-31 | -0.11% |
| 2014-12-31 | 0.18% |
| 2014-09-30 | 3.08% |
| 2014-06-30 | 2.77% |
| 2014-03-31 | 2.38% |
| 2013-12-31 | 3.77% |
| 2013-09-30 | 1.69% |
| 2013-06-30 | 1.18% |
| 2013-03-31 | -0.34% |
| 2012-12-31 | -0.60% |
| 2012-09-30 | 1.03% |
| 2012-06-30 | 1.07% |
| 2012-03-31 | 1.35% |
| 2011-12-31 | 0.50% |
| 2011-09-30 | -0.48% |
| 2011-06-30 | -0.53% |
| 2011-03-31 | -1.28% |
| 2010-12-31 | -2.14% |
| 2010-09-30 | -1.45% |
| 2010-06-30 | -1.38% |
| 2010-03-31 | -2.36% |
| 2009-12-31 | -4.13% |
| 2009-09-30 | -17.26% |
| 2009-06-30 | -20.94% |
| 2009-03-31 | -18.66% |
| 2008-12-31 | -16.19% |
| 2008-09-30 | 1.83% |
| 2008-06-30 | 1.62% |
| 2008-03-31 | 2.16% |
| 2007-12-31 | 2.13% |
| 2007-09-30 | 1.59% |
| 2007-06-30 | 0.74% |
| 2007-03-31 | -0.97% |
| 2006-12-31 | 1.14% |
| 2006-09-30 | -1.25% |
| 2006-06-30 | 1.58% |
| 2006-03-31 | 2.05% |
| 2005-12-31 | -1.20% |
