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 2.70% is 16% below its 5-year average of 3.20%, around the middle of its 5-year range (-2.41%–8.41%).
As of the fiscal period ended Tuesday, June 30, 2026. 0.18% below its 12-month average of 2.70%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 2.70%.
RETURN ON INVESTED CAPITAL (ROIC)
2.70%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
2.70%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
3.04%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
3.20%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
4.33%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
3.70%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
3.08%
CURRENT VS TTM AVG
-0.18%
CURRENT VS 3Y AVG
-11.12%
CURRENT VS 5Y AVG
-15.81%
CURRENT VS 10Y AVG
-37.65%
CURRENT VS 15Y AVG
-27.00%
CURRENT VS 20Y AVG
-12.54%
SECTOR MEDIAN · CONSUMER CYCLICAL
10.97%
median of 96 covered companies
CURRENT VS SECTOR MEDIAN
-75.42%
vs the sector median at left
MGM Resorts International
Market Cap
$9.74B
Return on Invested Capital (ROIC)
2.70%
TTM Avg
2.70%
3Y Avg
3.04%
5Y Avg
3.20%
Market Cap
$9.79B
Return on Invested Capital (ROIC)
64.75%
TTM Avg
56.27%
3Y Avg
55.19%
5Y Avg
55.86%
Market Cap
$9.40B
Return on Invested Capital (ROIC)
17.90%
TTM Avg
15.42%
3Y Avg
17.82%
5Y Avg
17.34%
Market Cap
$10.21B
Return on Invested Capital (ROIC)
3.84%
TTM Avg
1.21%
3Y Avg
-4.03%
5Y Avg
-8.65%
Market Cap
$9.22B
Return on Invested Capital (ROIC)
3.53%
TTM Avg
6.64%
3Y Avg
7.08%
5Y Avg
7.04%
Market Cap
$9.11B
Return on Invested Capital (ROIC)
-6.44%
TTM Avg
-33.56%
3Y Avg
-31.96%
5Y Avg
-24.34%
Market Cap
$10.56B
Return on Invested Capital (ROIC)
7.22%
TTM Avg
11.53%
3Y Avg
12.86%
5Y Avg
15.18%
Market Cap
$8.65B
Return on Invested Capital (ROIC)
8.60%
TTM Avg
8.77%
3Y Avg
5.86%
5Y Avg
1.69%
Market Cap
$10.90B
Return on Invested Capital (ROIC)
-6.69%
TTM Avg
-11.74%
3Y Avg
-27.64%
5Y Avg
-31.58%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| MGM Resorts International (MGM) | $9.74B | 2.70% | 2.70% | 3.04% | 3.20% |
| Domino's Pizza, Inc. (DPZ)vs › | $9.79B | 64.75% | 56.27% | 55.19% | 55.86% |
| Murphy USA Inc. (MUSA)vs › | $9.40B | 17.90% | 15.42% | 17.82% | 17.34% |
| GameStop Corp. (GME)vs › | $10.21B | 3.84% | 1.21% | -4.03% | -8.65% |
| Aptiv PLC (APTV)vs › | $9.22B | 3.53% | 6.64% | 7.08% | 7.04% |
| NIO Inc. (NIO)vs › | $9.11B | -6.44% | -33.56% | -31.96% | -24.34% |
| DICK'S Sporting Goods, Inc. (DKS)vs › | $10.56B | 7.22% | 11.53% | 12.86% | 15.18% |
| Wynn Resorts, Limited (WYNN)vs › | $8.65B | 8.60% | 8.77% | 5.86% | 1.69% |
| DraftKings Inc. (DKNG)vs › | $10.90B | -6.69% | -11.74% | -27.64% | -31.58% |
| Deckers Outdoor Corporation (DECK)vs › | $10.93B | 34.54% | 32.91% | 30.05% | 28.01% |
ROIC
2.7%
ROE
17.0%
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 | 2.70% |
| 2026-03-31 | 2.42% |
| 2025-12-31 | 2.65% |
| 2025-09-30 | 2.45% |
| 2025-06-30 | 3.30% |
| 2025-03-31 | 3.49% |
| 2024-12-31 | 3.65% |
| 2024-09-30 | 4.01% |
| 2024-06-30 | 4.31% |
| 2024-03-31 | 4.02% |
| 2023-12-31 | 4.30% |
| 2023-09-30 | 2.04% |
| 2023-06-30 | 0.14% |
| 2023-03-31 | 2.79% |
| 2022-12-31 | 1.86% |
| 2022-09-30 | 2.51% |
| 2022-06-30 | 8.41% |
| 2022-03-31 | 6.01% |
| 2021-12-31 | 4.90% |
| 2021-09-30 | 3.36% |
| 2021-06-30 | -2.41% |
| 2021-03-31 | -6.00% |
| 2020-12-31 | -1.85% |
| 2020-09-30 | 5.60% |
| 2020-06-30 | 7.51% |
| 2020-03-31 | 10.20% |
| 2019-12-31 | 9.95% |
| 2019-09-30 | 2.58% |
| 2019-06-30 | 3.28% |
| 2019-03-31 | 3.39% |
| 2018-12-31 | 4.96% |
| 2018-09-30 | 5.00% |
| 2018-06-30 | 5.53% |
| 2018-03-31 | 6.01% |
| 2017-12-31 | 6.55% |
| 2017-09-30 | 4.76% |
| 2017-06-30 | 6.79% |
| 2017-03-31 | 8.23% |
| 2016-12-31 | 7.89% |
| 2016-09-30 | 2.34% |
| 2016-06-30 | 0.75% |
| 2016-03-31 | -1.00% |
| 2015-12-31 | -0.67% |
| 2015-09-30 | 2.89% |
| 2015-06-30 | 2.83% |
| 2015-03-31 | 2.82% |
| 2014-12-31 | 2.94% |
| 2014-09-30 | 5.88% |
| 2014-06-30 | 5.70% |
| 2014-03-31 | 5.23% |
| 2013-12-31 | 2.97% |
| 2013-09-30 | 1.50% |
| 2013-06-30 | 1.03% |
| 2013-03-31 | 0.78% |
| 2012-12-31 | 0.33% |
| 2012-09-30 | -25.14% |
| 2012-06-30 | -25.56% |
| 2012-03-31 | -11.78% |
| 2011-12-31 | -11.54% |
| 2011-09-30 | 15.85% |
| 2011-06-30 | 14.96% |
| 2011-03-31 | -5.11% |
| 2010-12-31 | -6.10% |
| 2010-09-30 | -9.84% |
| 2010-06-30 | -13.36% |
| 2010-03-31 | -6.70% |
| 2009-12-31 | -4.54% |
| 2009-09-30 | -7.41% |
| 2009-06-30 | -1.50% |
| 2009-03-31 | -0.52% |
| 2008-12-31 | -0.61% |
| 2008-09-30 | 7.00% |
| 2008-06-30 | 7.78% |
| 2008-03-31 | 8.29% |
| 2007-12-31 | 8.85% |
| 2007-09-30 | 5.27% |
| 2007-06-30 | 5.44% |
| 2007-03-31 | 5.51% |
| 2006-12-31 | 5.58% |
| 2006-09-30 | 5.32% |
| 2006-06-30 | 5.06% |
| 2006-03-31 | 5.01% |
| 2005-12-31 | 4.62% |
| 2005-09-30 | 4.12% |
| 2005-06-30 | 3.74% |
| 2005-03-31 | 6.03% |
| 2004-12-31 | 5.88% |
| 2004-09-30 | 6.20% |
| 2004-06-30 | 5.98% |
| 2004-03-31 | 5.45% |
| 2003-12-31 | 4.82% |
| 2003-09-30 | 4.17% |
| 2003-06-30 | 4.35% |
