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 5.72% is 20% above its 5-year average of 4.77%, near the high end of its 5-year range (2.91%–6.59%).
As of the fiscal period ended Tuesday, June 30, 2026. 6.33% above its 12-month average of 5.38%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q4 FY2026 (2026-06-30): 5.72%.
RETURN ON INVESTED CAPITAL (ROIC)
5.72%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
5.38%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
4.47%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
4.77%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
4.21%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
3.64%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
+6.33%
CURRENT VS 3Y AVG
+27.89%
CURRENT VS 5Y AVG
+19.90%
CURRENT VS 10Y AVG
+35.87%
CURRENT VS 15Y AVG
+56.98%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · COMMUNICATION SERVICES
6.77%
median of 30 covered companies
CURRENT VS SECTOR MEDIAN
-15.48%
vs the sector median at left
News Corporation
Market Cap
$15.78B
Return on Invested Capital (ROIC)
5.72%
TTM Avg
5.38%
3Y Avg
4.47%
5Y Avg
4.77%
Market Cap
$15.72B
Return on Invested Capital (ROIC)
6.83%
TTM Avg
7.32%
3Y Avg
7.21%
5Y Avg
6.83%
Market Cap
$14.17B
Return on Invested Capital (ROIC)
6.70%
TTM Avg
4.86%
3Y Avg
7.34%
5Y Avg
8.06%
Market Cap
$11.74B
Return on Invested Capital (ROIC)
5.38%
TTM Avg
4.75%
3Y Avg
0.70%
5Y Avg
1.11%
Market Cap
$20.71B
Return on Invested Capital (ROIC)
7.04%
TTM Avg
9.14%
3Y Avg
10.96%
5Y Avg
11.24%
Market Cap
$10.83B
Return on Invested Capital (ROIC)
-15.75%
TTM Avg
-5.76%
3Y Avg
-4.18%
5Y Avg
-4.18%
Market Cap
$9.44B
Return on Invested Capital (ROIC)
23.26%
TTM Avg
17.48%
3Y Avg
16.98%
5Y Avg
19.42%
Market Cap
$8.95B
Return on Invested Capital (ROIC)
-5.19%
TTM Avg
-9.98%
3Y Avg
-15.23%
5Y Avg
-15.20%
Market Cap
$22.77B
Return on Invested Capital (ROIC)
7.56%
TTM Avg
-3.63%
3Y Avg
-12.34%
5Y Avg
-7.26%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| News Corporation (NWSA) | $15.78B | 5.72% | 5.38% | 4.47% | 4.77% |
| Charter Communications, Inc. (CHTR)vs › | $15.72B | 6.83% | 7.32% | 7.21% | 6.83% |
| TKO Group Holdings, Inc. (TKO)vs › | $14.17B | 6.70% | 4.86% | 7.34% | 8.06% |
| Pinterest, Inc. (PINS)vs › | $11.74B | 5.38% | 4.75% | 0.70% | 1.11% |
| Omnicom Group Inc. (OMC)vs › | $20.71B | 7.04% | 9.14% | 10.96% | 11.24% |
| Paramount Skydance Corporation Class B Common Stock (PSKY)vs › | $10.83B | -15.75% | -5.76% | -4.18% | -4.18% |
| Match Group, Inc. (MTCH)vs › | $9.44B | 23.26% | 17.48% | 16.98% | 19.42% |
| Snap Inc. (SNAP)vs › | $8.95B | -5.19% | -9.98% | -15.23% | -15.20% |
| Roku, Inc. (ROKU)vs › | $22.77B | 7.56% | -3.63% | -12.34% | -7.26% |
| Zillow Group, Inc. Class C (Z)vs › | $6.88B | 0.23% | -2.04% | -2.45% | -0.69% |
ROIC
5.7%
ROE
6.7%
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 | 5.72% |
| 2026-03-31 | 5.44% |
| 2025-12-31 | 5.24% |
| 2025-09-30 | 5.29% |
| 2025-06-30 | 5.20% |
| 2025-03-31 | 5.29% |
| 2024-12-31 | 5.10% |
| 2024-09-30 | 4.08% |
| 2024-06-30 | 3.90% |
| 2024-03-31 | 3.56% |
| 2023-12-31 | 3.41% |
| 2023-09-30 | 2.98% |
| 2023-06-30 | 2.91% |
| 2023-03-31 | 4.88% |
| 2022-12-31 | 5.19% |
| 2022-09-30 | 6.59% |
| 2022-06-30 | 6.57% |
| 2022-03-31 | 5.30% |
| 2021-12-31 | 5.06% |
| 2021-09-30 | 4.65% |
| 2021-06-30 | 3.78% |
| 2021-03-31 | 2.63% |
| 2020-12-31 | 4.44% |
| 2020-09-30 | 3.53% |
| 2020-06-30 | 3.17% |
| 2020-03-31 | 3.73% |
| 2019-12-31 | 3.21% |
| 2019-09-30 | 3.36% |
| 2019-06-30 | 2.94% |
| 2019-03-31 | 2.60% |
| 2018-12-31 | 4.68% |
| 2018-09-30 | 4.78% |
| 2018-06-30 | 4.42% |
| 2018-03-31 | 5.23% |
| 2017-12-31 | 4.92% |
| 2017-09-30 | 4.67% |
| 2017-06-30 | 3.57% |
| 2017-03-31 | 3.39% |
| 2016-12-31 | 2.86% |
| 2016-09-30 | 1.68% |
| 2016-06-30 | 2.58% |
| 2016-03-31 | 2.23% |
| 2015-12-31 | 2.50% |
| 2015-09-30 | 1.69% |
| 2015-06-30 | 1.76% |
| 2015-03-31 | 1.79% |
| 2014-12-31 | 1.70% |
| 2014-09-30 | 0.17% |
| 2014-06-30 | -3.72% |
| 2014-03-31 | -3.70% |
| 2013-12-31 | -3.85% |
| 2013-09-30 | -2.24% |
| 2013-06-30 | 1.04% |
| 2013-03-31 | 1.49% |
| 2012-12-31 | 1.64% |
| 2012-09-30 | 1.65% |
| 2012-06-30 | 2.81% |
