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 11.63% is in line with its 5-year average of 12.08%, around the middle of its 5-year range (4.37%–18.17%).
As of the fiscal period ended Tuesday, June 30, 2026. 17.05% below its 12-month average of 14.02%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
11.63%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
14.02%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
15.31%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
12.08%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
7.60%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
13.05%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
14.11%
CURRENT VS TTM AVG
-17.05%
CURRENT VS 3Y AVG
-24.06%
CURRENT VS 5Y AVG
-3.72%
CURRENT VS 10Y AVG
+52.97%
CURRENT VS 15Y AVG
-10.88%
CURRENT VS 20Y AVG
-17.56%
SECTOR MEDIAN · CONSUMER CYCLICAL
10.97%
median of 96 covered companies
CURRENT VS SECTOR MEDIAN
+5.97%
vs the sector median at left
MercadoLibre, Inc.
Market Cap
$97.66B
Return on Invested Capital (ROIC)
11.63%
TTM Avg
14.02%
3Y Avg
15.31%
5Y Avg
12.08%
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
$103.59B
Return on Invested Capital (ROIC)
20.73%
TTM Avg
19.29%
3Y Avg
18.51%
5Y Avg
2.19%
Market Cap
$85.74B
Return on Invested Capital (ROIC)
18.61%
TTM Avg
15.33%
3Y Avg
16.05%
5Y Avg
12.13%
Market Cap
$112.60B
Return on Invested Capital (ROIC)
21.02%
TTM Avg
24.13%
3Y Avg
26.29%
5Y Avg
26.80%
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
$113.52B
Return on Invested Capital (ROIC)
17.16%
TTM Avg
23.32%
3Y Avg
22.85%
5Y Avg
14.25%
Market Cap
$116.29B
Return on Invested Capital (ROIC)
10.00%
TTM Avg
13.23%
3Y Avg
16.04%
5Y Avg
14.19%
Market Cap
$77.59B
Return on Invested Capital (ROIC)
0.81%
TTM Avg
2.58%
3Y Avg
3.32%
5Y Avg
3.26%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| MercadoLibre, Inc. (MELI) | $97.66B | 11.63% | 14.02% | 15.31% | 12.08% |
| BYD Company Limited (BYDDY)vs › | $96.75B | 4.74% | 8.93% | 10.48% | 8.33% |
| Airbnb, Inc. (ABNB)vs › | $103.59B | 20.73% | 19.29% | 18.51% | 2.19% |
| Marriott International, Inc. (MAR)vs › | $85.74B | 18.61% | 15.33% | 16.05% | 12.13% |
| Lowe's Companies, Inc. (LOW)vs › | $112.60B | 21.02% | 24.13% | 26.29% | 26.80% |
| Carvana Co. (CVNA)vs › | $81.96B | 17.35% | 14.52% | 2.24% | -0.85% |
| PDD Holdings Inc. (PDD)vs › | $113.52B | 17.16% | 23.32% | 22.85% | 14.25% |
| Starbucks Corporation (SBUX)vs › | $116.29B | 10.00% | 13.23% | 16.04% | 14.19% |
| General Motors Company (GM)vs › | $77.59B | 0.81% | 2.58% | 3.32% | 3.26% |
| Ross Stores, Inc. (ROST)vs › | $73.56B | 22.56% | 18.07% | 17.13% | 15.21% |
ROIC
11.6%
ROE
23.8%
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 | 11.63% |
| 2026-03-31 | 12.70% |
| 2025-12-31 | 14.28% |
| 2025-09-30 | 16.47% |
| 2025-06-30 | 15.03% |
| 2025-03-31 | 16.91% |
| 2024-12-31 | 18.17% |
| 2024-09-30 | 14.74% |
| 2024-06-30 | 17.98% |
| 2024-03-31 | 16.25% |
| 2023-12-31 | 15.57% |
| 2023-09-30 | 16.61% |
| 2023-06-30 | 12.76% |
| 2023-03-31 | 10.64% |
| 2022-12-31 | 8.76% |
| 2022-09-30 | 6.50% |
| 2022-06-30 | 6.76% |
| 2022-03-31 | 4.86% |
| 2021-12-31 | 4.37% |
| 2021-09-30 | 6.59% |
| 2021-06-30 | 6.09% |
| 2021-03-31 | 5.61% |
| 2020-12-31 | 2.05% |
| 2020-09-30 | 1.38% |
| 2020-06-30 | -2.40% |
| 2020-03-31 | -6.04% |
| 2019-12-31 | -4.77% |
| 2019-09-30 | -2.69% |
| 2019-06-30 | -0.43% |
| 2019-03-31 | -0.90% |
| 2018-12-31 | -5.77% |
| 2018-09-30 | -11.39% |
| 2018-06-30 | -13.71% |
| 2018-03-31 | -4.75% |
| 2017-12-31 | 4.06% |
| 2017-09-30 | 16.13% |
| 2017-06-30 | 17.69% |
| 2017-03-31 | 17.61% |
| 2016-12-31 | 16.60% |
| 2016-09-30 | 14.23% |
| 2016-06-30 | 15.52% |
| 2016-03-31 | 16.13% |
| 2015-12-31 | 14.32% |
| 2015-09-30 | 14.63% |
| 2015-06-30 | 13.26% |
| 2015-03-31 | 9.41% |
| 2014-12-31 | 10.63% |
| 2014-09-30 | 12.03% |
| 2014-06-30 | 11.55% |
| 2014-03-31 | 30.93% |
| 2013-12-31 | 29.00% |
| 2013-09-30 | 27.31% |
| 2013-06-30 | 28.76% |
| 2013-03-31 | 29.75% |
| 2012-12-31 | 30.31% |
| 2012-09-30 | 29.93% |
| 2012-06-30 | 31.52% |
| 2012-03-31 | 29.36% |
| 2011-12-31 | 29.71% |
| 2011-09-30 | 29.59% |
| 2011-06-30 | 29.43% |
| 2011-03-31 | 31.40% |
| 2010-12-31 | 32.06% |
| 2010-09-30 | 34.01% |
| 2010-06-30 | 36.78% |
| 2010-03-31 | 36.76% |
| 2009-12-31 | 34.76% |
| 2009-09-30 | 28.84% |
| 2009-06-30 | 24.46% |
| 2009-03-31 | 22.31% |
| 2008-12-31 | 20.77% |
| 2008-09-30 | 18.36% |
| 2008-06-30 | 16.78% |
| 2008-03-31 | 14.98% |
| 2007-12-31 | 13.73% |
| 2007-09-30 | -11.96% |
| 2007-06-30 | -17.29% |
| 2007-03-31 | -7.29% |
| 2006-12-31 | 15.76% |
| 2005-12-31 | 2.41% |
