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 8.71% is 435% above its 5-year average of -2.60%, near the high end of its 5-year range (-16.60%–8.71%).
As of the fiscal period ended Tuesday, June 30, 2026. 30.70% above its 12-month average of 6.67%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 8.71%.
RETURN ON INVESTED CAPITAL (ROIC)
8.71%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
6.67%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
-0.44%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
-2.60%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
-9.31%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
+30.70%
CURRENT VS 3Y AVG
+2085.38%
CURRENT VS 5Y AVG
+435.05%
CURRENT VS 10Y AVG
+193.61%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · COMMUNICATION SERVICES
2.83%
median of 105 covered companies
CURRENT VS SECTOR MEDIAN
+207.85%
vs the sector median at left
Magnite, Inc.
Market Cap
$3.60B
Return on Invested Capital (ROIC)
8.71%
TTM Avg
6.67%
3Y Avg
-0.44%
5Y Avg
-2.60%
Market Cap
$3.68B
Return on Invested Capital (ROIC)
3.93%
TTM Avg
-0.91%
3Y Avg
-1.92%
5Y Avg
-2.53%
Market Cap
$3.80B
Return on Invested Capital (ROIC)
N/A
TTM Avg
0.14%
3Y Avg
-0.04%
5Y Avg
1.07%
Market Cap
$3.33B
Return on Invested Capital (ROIC)
-2.72%
TTM Avg
-0.91%
3Y Avg
-1.92%
5Y Avg
-2.53%
Market Cap
$3.32B
Return on Invested Capital (ROIC)
3.80%
TTM Avg
6.75%
3Y Avg
6.75%
5Y Avg
6.75%
Market Cap
$3.09B
Return on Invested Capital (ROIC)
0.18%
TTM Avg
0.81%
3Y Avg
-1.35%
5Y Avg
-2.13%
Market Cap
$3.00B
Return on Invested Capital (ROIC)
N/A
TTM Avg
0.14%
3Y Avg
-0.04%
5Y Avg
1.07%
Market Cap
$2.95B
Return on Invested Capital (ROIC)
N/A
TTM Avg
0.14%
3Y Avg
-0.04%
5Y Avg
1.07%
Market Cap
$2.92B
Return on Invested Capital (ROIC)
16.15%
TTM Avg
14.66%
3Y Avg
1.97%
5Y Avg
1.97%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Magnite, Inc. (MGNI) | $3.60B | 8.71% | 6.67% | -0.44% | -2.60% |
| Atlanta Braves Holdings, Inc. (BATRA)vs › | $3.68B | 3.93% | -0.91% | -1.92% | -2.53% |
| Liberty Global plc (LBTYB)vs › | $3.80B | N/A | 0.14% | -0.04% | 1.07% |
| Atlanta Braves Holdings, Inc. (BATRK)vs › | $3.33B | -2.72% | -0.91% | -1.92% | -2.53% |
| Liberty Latin America Ltd. 9% Cum Perp Red Pfd Shs Series A When-issued (LILAP)vs › | $3.32B | 3.80% | 6.75% | 6.75% | 6.75% |
| People Incorporated (PPLI)vs › | $3.09B | 0.18% | 0.81% | -1.35% | -2.13% |
| Liberty Global plc (LBTYK)vs › | $3.00B | N/A | 0.14% | -0.04% | 1.07% |
| Liberty Global plc (LBTYA)vs › | $2.95B | N/A | 0.14% | -0.04% | 1.07% |
| Kyivstar Group Ltd. Common Shares (KYIV)vs › | $2.92B | 16.15% | 14.66% | 1.97% | 1.97% |
| CarGurus, Inc. (CARG)vs › | $2.79B | 42.91% | 14.43% | 10.09% | 12.05% |
ROIC
8.7%
ROE
17.8%
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 | 8.71% |
| 2026-03-31 | 8.04% |
| 2025-12-31 | 6.39% |
| 2025-09-30 | 5.42% |
| 2025-06-30 | 4.77% |
| 2025-03-31 | 3.52% |
| 2024-12-31 | 3.23% |
| 2024-09-30 | 3.44% |
| 2024-06-30 | 0.99% |
| 2024-03-31 | -5.24% |
| 2023-12-31 | -12.01% |
| 2023-09-30 | -16.60% |
| 2023-06-30 | -16.35% |
| 2023-03-31 | -11.95% |
| 2022-12-31 | -7.09% |
| 2022-09-30 | -5.00% |
| 2022-06-30 | -5.14% |
| 2022-03-31 | -6.54% |
| 2021-12-31 | -4.81% |
| 2021-09-30 | -4.57% |
| 2021-06-30 | -3.81% |
| 2021-03-31 | -7.48% |
| 2020-12-31 | -13.01% |
| 2020-09-30 | -15.59% |
| 2020-06-30 | -14.43% |
| 2020-03-31 | -22.32% |
| 2019-12-31 | -21.61% |
| 2019-09-30 | -25.71% |
| 2019-06-30 | -33.80% |
| 2019-03-31 | -42.47% |
| 2018-12-31 | -53.44% |
| 2018-09-30 | -71.94% |
| 2018-06-30 | -137.24% |
| 2018-03-31 | -118.14% |
| 2017-12-31 | -94.34% |
| 2017-09-30 | -83.05% |
| 2017-06-30 | -17.96% |
| 2017-03-31 | -13.17% |
| 2016-12-31 | -8.26% |
| 2016-09-30 | 4.81% |
| 2016-06-30 | 4.00% |
| 2016-03-31 | -0.12% |
| 2015-12-31 | -1.95% |
| 2015-09-30 | -9.07% |
| 2015-06-30 | -9.47% |
| 2015-03-31 | -13.27% |
| 2014-12-31 | -13.22% |
| 2014-09-30 | -15.29% |
| 2014-06-30 | -13.36% |
| 2014-03-31 | -37.45% |
| 2013-12-31 | -14.48% |
| 2013-09-30 | -16.50% |
