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 8.01% is 1408% above its 5-year average of -0.61%, near the high end of its 5-year range (-16.59%–9.45%).
As of the fiscal period ended Tuesday, June 30, 2026. 7.46% below its 12-month average of 8.65%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 8.01%.
RETURN ON INVESTED CAPITAL (ROIC)
8.01%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
8.65%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
8.34%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
-0.61%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
1.14%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
6.65%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
-7.46%
CURRENT VS 3Y AVG
-4.05%
CURRENT VS 5Y AVG
+1408.11%
CURRENT VS 10Y AVG
+604.10%
CURRENT VS 15Y AVG
+20.44%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · CONSUMER CYCLICAL
10.97%
median of 96 covered companies
CURRENT VS SECTOR MEDIAN
-27.05%
vs the sector median at left
Norwegian Cruise Line Holdings Ltd.
Market Cap
$6.48B
Return on Invested Capital (ROIC)
8.01%
TTM Avg
8.65%
3Y Avg
8.34%
5Y Avg
-0.61%
Market Cap
$6.89B
Return on Invested Capital (ROIC)
20.66%
TTM Avg
13.77%
3Y Avg
2.20%
5Y Avg
7.34%
Market Cap
$6.03B
Return on Invested Capital (ROIC)
20.97%
TTM Avg
22.98%
3Y Avg
20.90%
5Y Avg
16.22%
Market Cap
$6.01B
Return on Invested Capital (ROIC)
5.41%
TTM Avg
5.06%
3Y Avg
-0.33%
5Y Avg
-3.66%
Market Cap
$5.89B
Return on Invested Capital (ROIC)
5.62%
TTM Avg
6.91%
3Y Avg
8.54%
5Y Avg
8.63%
Market Cap
$5.86B
Return on Invested Capital (ROIC)
18.10%
TTM Avg
19.37%
3Y Avg
19.61%
5Y Avg
26.64%
Market Cap
$5.77B
Return on Invested Capital (ROIC)
8.28%
TTM Avg
6.23%
3Y Avg
5.01%
5Y Avg
8.15%
Market Cap
$7.39B
Return on Invested Capital (ROIC)
12.80%
TTM Avg
9.09%
3Y Avg
5.92%
5Y Avg
3.73%
Market Cap
$7.69B
Return on Invested Capital (ROIC)
4.46%
TTM Avg
4.39%
3Y Avg
1.85%
5Y Avg
3.49%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Norwegian Cruise Line Holdings Ltd. (NCLH) | $6.48B | 8.01% | 8.65% | 8.34% | -0.61% |
| Etsy, Inc. (ETSY)vs › | $6.89B | 20.66% | 13.77% | 2.20% | 7.34% |
| Abercrombie & Fitch Co. (ANF)vs › | $6.03B | 20.97% | 22.98% | 20.90% | 16.22% |
| CAVA Group, Inc. (CAVA)vs › | $6.01B | 5.41% | 5.06% | -0.33% | -3.66% |
| LKQ Corporation (LKQ)vs › | $5.89B | 5.62% | 6.91% | 8.54% | 8.63% |
| Crocs, Inc. (CROX)vs › | $5.86B | 18.10% | 19.37% | 19.61% | 26.64% |
| Macy's, Inc. (M)vs › | $5.77B | 8.28% | 6.23% | 5.01% | 8.15% |
| The Gap, Inc. (GAP)vs › | $7.39B | 12.80% | 9.09% | 5.92% | 3.73% |
| Mohawk Industries, Inc. (MHK)vs › | $7.69B | 4.46% | 4.39% | 1.85% | 3.49% |
| Vail Resorts, Inc. (MTN)vs › | $4.98B | 9.74% | 8.22% | 8.38% | 7.13% |
ROIC
8.0%
ROE
29.6%
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 | 8.01% |
| 2026-03-31 | 8.35% |
| 2025-12-31 | 8.58% |
| 2025-09-30 | 8.96% |
| 2025-06-30 | 9.37% |
| 2025-03-31 | 8.84% |
| 2024-12-31 | 9.45% |
| 2024-09-30 | 8.81% |
| 2024-06-30 | 7.88% |
| 2024-03-31 | 7.43% |
| 2023-12-31 | 6.12% |
| 2023-09-30 | 3.48% |
| 2023-06-30 | -1.31% |
| 2023-03-31 | -6.15% |
| 2022-12-31 | -10.71% |
| 2022-09-30 | -12.79% |
| 2022-06-30 | -16.32% |
| 2022-03-31 | -16.59% |
| 2021-12-31 | -16.08% |
| 2021-09-30 | -14.77% |
| 2021-06-30 | -13.41% |
| 2021-03-31 | -12.97% |
| 2020-12-31 | -20.98% |
| 2020-09-30 | -17.62% |
| 2020-06-30 | -11.18% |
| 2020-03-31 | -5.88% |
| 2019-12-31 | 8.51% |
| 2019-09-30 | 9.04% |
| 2019-06-30 | 9.45% |
| 2019-03-31 | 9.35% |
| 2018-12-31 | 9.43% |
| 2018-09-30 | 9.03% |
| 2018-06-30 | 8.66% |
| 2018-03-31 | 8.89% |
| 2017-12-31 | 8.46% |
| 2017-09-30 | 8.15% |
| 2017-06-30 | 7.94% |
| 2017-03-31 | 8.13% |
| 2016-12-31 | 8.15% |
| 2016-09-30 | 7.86% |
| 2016-06-30 | 7.05% |
| 2016-03-31 | 7.23% |
| 2015-12-31 | 6.57% |
| 2015-09-30 | 6.23% |
| 2015-06-30 | 5.57% |
| 2015-03-31 | 4.86% |
| 2014-12-31 | 4.99% |
| 2014-09-30 | 8.03% |
| 2014-06-30 | 7.74% |
| 2014-03-31 | 6.81% |
| 2013-12-31 | 3.71% |
| 2013-09-30 | 3.63% |
| 2013-06-30 | 3.38% |
| 2013-03-31 | 3.64% |
| 2012-12-31 | 3.77% |
| 2012-09-30 | 3.73% |
| 2012-06-30 | 3.67% |
| 2012-03-31 | 3.71% |
| 2011-12-31 | 3.52% |
| 2011-09-30 | 3.26% |
| 2011-06-30 | 2.98% |
| 2011-03-31 | 2.76% |
| 2010-12-31 | 2.54% |
| 2010-09-30 | 2.40% |
| 2010-06-30 | 2.12% |
| 2010-03-31 | 2.32% |
| 2009-12-31 | 2.18% |
