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 24.34% is 14% below its 5-year average of 28.35%, near the low end of its 5-year range (21.65%–37.64%).
As of the fiscal period ended Tuesday, June 30, 2026. 8.14% below its 12-month average of 26.50%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 24.34%.
RETURN ON INVESTED CAPITAL (ROIC)
24.34%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
26.50%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
28.36%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
28.35%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
26.56%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
22.11%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
21.16%
CURRENT VS TTM AVG
-8.14%
CURRENT VS 3Y AVG
-14.16%
CURRENT VS 5Y AVG
-14.14%
CURRENT VS 10Y AVG
-8.35%
CURRENT VS 15Y AVG
+10.08%
CURRENT VS 20Y AVG
+15.02%
SECTOR MEDIAN · CONSUMER CYCLICAL
10.97%
median of 96 covered companies
CURRENT VS SECTOR MEDIAN
+121.79%
vs the sector median at left
NVR, Inc.
Market Cap
$17.11B
Return on Invested Capital (ROIC)
24.34%
TTM Avg
26.50%
3Y Avg
28.36%
5Y Avg
28.35%
Market Cap
$17.22B
Return on Invested Capital (ROIC)
11.81%
TTM Avg
14.55%
3Y Avg
15.90%
5Y Avg
16.00%
Market Cap
$17.87B
Return on Invested Capital (ROIC)
8.03%
TTM Avg
9.84%
3Y Avg
11.42%
5Y Avg
10.57%
Market Cap
$15.97B
Return on Invested Capital (ROIC)
8.56%
TTM Avg
6.78%
3Y Avg
6.44%
5Y Avg
6.90%
Market Cap
$18.38B
Return on Invested Capital (ROIC)
-30.67%
TTM Avg
-33.86%
3Y Avg
-38.06%
5Y Avg
-32.96%
Market Cap
$15.37B
Return on Invested Capital (ROIC)
-0.53%
TTM Avg
3.29%
3Y Avg
0.86%
5Y Avg
0.27%
Market Cap
$14.96B
Return on Invested Capital (ROIC)
2.98%
TTM Avg
4.75%
3Y Avg
6.05%
5Y Avg
3.68%
Market Cap
$14.70B
Return on Invested Capital (ROIC)
31.55%
TTM Avg
-16.75%
3Y Avg
-45.75%
5Y Avg
-28.91%
Market Cap
$19.98B
Return on Invested Capital (ROIC)
18.71%
TTM Avg
17.87%
3Y Avg
17.60%
5Y Avg
21.84%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| NVR, Inc. (NVR) | $17.11B | 24.34% | 26.50% | 28.36% | 28.35% |
| Tractor Supply Company (TSCO)vs › | $17.22B | 11.81% | 14.55% | 15.90% | 16.00% |
| Genuine Parts Company (GPC)vs › | $17.87B | 8.03% | 9.84% | 11.42% | 10.57% |
| Ball Corporation (BALL)vs › | $15.97B | 8.56% | 6.78% | 6.44% | 6.90% |
| Rivian Automotive, Inc. (RIVN)vs › | $18.38B | -30.67% | -33.86% | -38.06% | -32.96% |
| Flutter Entertainment plc (FLUT)vs › | $15.37B | -0.53% | 3.29% | 0.86% | 0.27% |
| Hyatt Hotels Corporation (H)vs › | $14.96B | 2.98% | 4.75% | 6.05% | 3.68% |
| Wayfair Inc. (W)vs › | $14.70B | 31.55% | -16.75% | -45.75% | -28.91% |
| Best Buy Co., Inc. (BBY)vs › | $19.98B | 18.71% | 17.87% | 17.60% | 21.84% |
| Amcor plc (AMCR)vs › | $19.99B | 5.43% | 4.04% | 6.56% | 6.92% |
ROIC
24.3%
ROE
33.7%
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 | 24.34% |
| 2026-03-31 | 25.79% |
| 2025-12-31 | 25.90% |
| 2025-09-30 | 27.07% |
| 2025-06-30 | 29.41% |
| 2025-03-31 | 29.83% |
| 2024-12-31 | 30.21% |
| 2024-09-30 | 29.22% |
| 2024-06-30 | 30.01% |
| 2024-03-31 | 28.99% |
| 2023-12-31 | 27.96% |
| 2023-09-30 | 29.93% |
| 2023-06-30 | 29.97% |
| 2023-03-31 | 32.73% |
| 2022-12-31 | 36.80% |
| 2022-09-30 | 37.64% |
| 2022-06-30 | 36.26% |
| 2022-03-31 | 30.80% |
| 2021-12-31 | 24.89% |
| 2021-09-30 | 23.69% |
| 2021-06-30 | 21.65% |
| 2021-03-31 | 18.62% |
| 2020-12-31 | 17.41% |
| 2020-09-30 | 17.54% |
| 2020-06-30 | 20.07% |
| 2020-03-31 | 26.25% |
| 2019-12-31 | 26.85% |
| 2019-09-30 | 25.89% |
| 2019-06-30 | 27.12% |
| 2019-03-31 | 29.41% |
| 2018-12-31 | 30.90% |
| 2018-09-30 | 28.27% |
| 2018-06-30 | 28.01% |
| 2018-03-31 | 27.35% |
| 2017-12-31 | 23.04% |
| 2017-09-30 | 23.59% |
| 2017-06-30 | 22.80% |
| 2017-03-31 | 21.60% |
| 2016-12-31 | 21.02% |
| 2016-09-30 | 20.38% |
| 2016-06-30 | 19.79% |
| 2016-03-31 | 21.07% |
| 2015-12-31 | 20.00% |
| 2015-09-30 | 18.20% |
| 2015-06-30 | 16.75% |
| 2015-03-31 | 16.54% |
| 2014-12-31 | 16.23% |
| 2014-09-30 | 15.99% |
| 2014-06-30 | 15.89% |
| 2014-03-31 | 13.02% |
| 2013-12-31 | 13.70% |
| 2013-09-30 | 11.57% |
| 2013-06-30 | 9.99% |
| 2013-03-31 | 8.83% |
| 2012-12-31 | 8.59% |
| 2012-09-30 | 7.20% |
| 2012-06-30 | 8.62% |
| 2012-03-31 | 8.74% |
| 2011-12-31 | 9.16% |
| 2011-09-30 | 11.05% |
| 2011-06-30 | 8.69% |
| 2011-03-31 | 9.73% |
| 2010-12-31 | 11.00% |
| 2010-09-30 | 11.33% |
| 2010-06-30 | 11.77% |
| 2010-03-31 | 11.78% |
| 2009-12-31 | 11.31% |
| 2009-09-30 | 7.94% |
| 2009-06-30 | 6.18% |
| 2009-03-31 | 4.70% |
| 2008-12-31 | 6.64% |
| 2008-09-30 | 9.15% |
| 2008-06-30 | 13.81% |
| 2008-03-31 | 15.07% |
| 2007-12-31 | 21.81% |
| 2007-09-30 | 26.71% |
| 2007-06-30 | 24.93% |
| 2007-03-31 | 32.96% |
| 2006-12-31 | 37.05% |
| 2006-09-30 | 45.80% |
| 2006-06-30 | 45.77% |
| 2006-03-31 | 54.33% |
| 2005-12-31 | 58.82% |
| 2005-09-30 | 50.89% |
| 2005-06-30 | 50.28% |
| 2005-03-31 | 48.99% |
| 2004-12-31 | 49.68% |
| 2004-09-30 | 41.86% |
| 2004-06-30 | 44.54% |
| 2004-03-31 | 40.77% |
| 2003-12-31 | 56.13% |
| 2003-09-30 | 33.65% |
| 2003-06-30 | 29.26% |
