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 18.61% is 21% above its 5-year average of 15.39%, near the high end of its 5-year range (3.62%–19.10%).
As of the fiscal period ended Tuesday, June 30, 2026. 16.86% above its 12-month average of 15.92%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
18.61%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
15.92%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
16.78%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
15.39%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
10.92%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
13.06%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
11.57%
CURRENT VS TTM AVG
+16.86%
CURRENT VS 3Y AVG
+10.86%
CURRENT VS 5Y AVG
+20.89%
CURRENT VS 10Y AVG
+70.45%
CURRENT VS 15Y AVG
+42.45%
CURRENT VS 20Y AVG
+60.75%
SECTOR MEDIAN · CONSUMER CYCLICAL
10.97%
median of 96 covered companies
CURRENT VS SECTOR MEDIAN
+69.54%
vs the sector median at left
Marriott International, Inc.
Market Cap
$85.74B
Return on Invested Capital (ROIC)
18.61%
TTM Avg
15.92%
3Y Avg
16.78%
5Y Avg
15.39%
Market Cap
$81.96B
Return on Invested Capital (ROIC)
17.35%
TTM Avg
14.52%
3Y Avg
2.24%
5Y Avg
-0.85%
Market Cap
$77.59B
Return on Invested Capital (ROIC)
0.81%
TTM Avg
2.58%
3Y Avg
3.32%
5Y Avg
3.26%
Market Cap
$96.75B
Return on Invested Capital (ROIC)
4.74%
TTM Avg
8.93%
3Y Avg
10.48%
5Y Avg
8.33%
Market Cap
$97.66B
Return on Invested Capital (ROIC)
11.63%
TTM Avg
15.13%
3Y Avg
13.90%
5Y Avg
10.34%
Market Cap
$73.56B
Return on Invested Capital (ROIC)
22.56%
TTM Avg
18.07%
3Y Avg
17.13%
5Y Avg
15.21%
Market Cap
$71.41B
Return on Invested Capital (ROIC)
19.03%
TTM Avg
19.49%
3Y Avg
18.52%
5Y Avg
16.61%
Market Cap
$71.18B
Return on Invested Capital (ROIC)
36.25%
TTM Avg
36.73%
3Y Avg
38.72%
5Y Avg
37.25%
Market Cap
$70.94B
Return on Invested Capital (ROIC)
14.59%
TTM Avg
14.57%
3Y Avg
9.20%
5Y Avg
1.14%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Marriott International, Inc. (MAR) | $85.74B | 18.61% | 15.92% | 16.78% | 15.39% |
| Carvana Co. (CVNA)vs › | $81.96B | 17.35% | 14.52% | 2.24% | -0.85% |
| General Motors Company (GM)vs › | $77.59B | 0.81% | 2.58% | 3.32% | 3.26% |
| BYD Company Limited (BYDDY)vs › | $96.75B | 4.74% | 8.93% | 10.48% | 8.33% |
| MercadoLibre, Inc. (MELI)vs › | $97.66B | 11.63% | 15.13% | 13.90% | 10.34% |
| Ross Stores, Inc. (ROST)vs › | $73.56B | 22.56% | 18.07% | 17.13% | 15.21% |
| Ferrari N.V. (RACE)vs › | $71.41B | 19.03% | 19.49% | 18.52% | 16.61% |
| O'Reilly Automotive, Inc. (ORLY)vs › | $71.18B | 36.25% | 36.73% | 38.72% | 37.25% |
| Royal Caribbean Cruises Ltd. (RCL)vs › | $70.94B | 14.59% | 14.57% | 9.20% | 1.14% |
| Hilton Worldwide Holdings Inc. (HLT)vs › | $68.53B | 16.55% | 15.98% | 14.34% | 10.05% |
ROIC
18.6%
ROE
N/A
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 | 18.61% |
| 2026-03-31 | 15.35% |
| 2025-12-31 | 15.59% |
| 2025-09-30 | 15.30% |
| 2025-06-30 | 14.76% |
| 2025-03-31 | 15.43% |
| 2024-12-31 | 15.07% |
| 2024-09-30 | 17.68% |
| 2024-06-30 | 18.57% |
| 2024-03-31 | 18.15% |
| 2023-12-31 | 19.10% |
| 2023-09-30 | 17.67% |
| 2023-06-30 | 16.92% |
| 2023-03-31 | 16.61% |
| 2022-12-31 | 14.44% |
| 2022-09-30 | 13.23% |
| 2022-06-30 | 11.73% |
| 2022-03-31 | 10.05% |
| 2021-12-31 | 8.17% |
| 2021-09-30 | 5.18% |
| 2021-06-30 | 3.62% |
| 2021-03-31 | 0.28% |
| 2020-12-31 | 0.42% |
| 2020-09-30 | 2.38% |
| 2020-06-30 | 3.20% |
| 2020-03-31 | 5.31% |
| 2019-12-31 | 7.41% |
| 2019-09-30 | 8.68% |
| 2019-06-30 | 8.91% |
| 2019-03-31 | 10.69% |
| 2018-12-31 | 11.18% |
| 2018-09-30 | 7.70% |
| 2018-06-30 | 8.03% |
| 2018-03-31 | 7.62% |
| 2017-12-31 | 7.86% |
| 2017-09-30 | 9.03% |
| 2017-06-30 | 6.85% |
| 2017-03-31 | 5.61% |
| 2016-12-31 | 4.67% |
| 2016-09-30 | 4.19% |
| 2016-06-30 | 26.33% |
| 2016-03-31 | 29.83% |
| 2015-12-31 | 29.34% |
| 2015-09-30 | 27.84% |
| 2015-06-30 | 25.57% |
| 2015-03-31 | 20.43% |
| 2014-12-31 | 19.43% |
| 2014-09-30 | 18.70% |
| 2014-06-30 | 18.06% |
| 2014-03-31 | 17.80% |
| 2013-12-31 | 16.72% |
| 2013-09-30 | 17.64% |
| 2013-06-30 | 17.32% |
| 2013-03-31 | 15.70% |
| 2012-12-31 | 15.90% |
| 2012-09-07 | 16.68% |
| 2012-06-15 | 8.04% |
| 2012-03-23 | 7.26% |
| 2011-12-31 | 7.89% |
| 2011-09-09 | 5.98% |
| 2011-06-17 | 9.33% |
| 2011-03-25 | 9.04% |
| 2010-12-31 | 8.73% |
| 2010-09-10 | 7.38% |
| 2010-06-18 | 1.12% |
| 2010-03-26 | -0.83% |
| 2009-12-31 | -3.42% |
| 2009-09-11 | -4.96% |
| 2009-06-19 | 3.53% |
| 2009-03-27 | 5.38% |
| 2008-12-31 | 6.65% |
| 2008-09-05 | 10.31% |
| 2008-06-13 | 10.12% |
| 2008-03-21 | 9.85% |
| 2007-12-31 | 10.79% |
| 2007-09-07 | 11.40% |
| 2007-06-15 | 12.93% |
| 2007-03-23 | 11.47% |
| 2006-12-31 | 12.17% |
| 2006-09-08 | 11.29% |
| 2006-06-16 | 10.38% |
| 2006-03-24 | 7.94% |
| 2005-12-31 | 7.43% |
| 2005-09-09 | 6.34% |
| 2005-06-17 | 5.94% |
| 2005-03-25 | 6.41% |
| 2004-12-31 | 5.94% |
| 2004-09-10 | 6.16% |
| 2004-06-18 | 6.37% |
| 2004-03-26 | 6.13% |
| 2003-12-31 | 5.01% |
| 2003-09-12 | 4.93% |
| 2003-06-20 | 5.15% |
