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 2.24% is 19% below its 5-year average of 2.77%, near the low end of its 5-year range (2.05%–3.61%).
As of the fiscal period ended Tuesday, June 30, 2026. 14.98% below its 12-month average of 2.64%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
2.24%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
2.64%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
2.81%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
2.77%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
3.43%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
3.58%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
4.50%
CURRENT VS TTM AVG
-14.98%
CURRENT VS 3Y AVG
-20.05%
CURRENT VS 5Y AVG
-18.86%
CURRENT VS 10Y AVG
-34.47%
CURRENT VS 15Y AVG
-37.23%
CURRENT VS 20Y AVG
-50.13%
SECTOR MEDIAN · REAL ESTATE
4.67%
median of 41 covered companies
CURRENT VS SECTOR MEDIAN
-51.94%
vs the sector median at left
Realty Income Corporation
Market Cap
$56.46B
Return on Invested Capital (ROIC)
2.24%
TTM Avg
2.64%
3Y Avg
2.81%
5Y Avg
2.77%
Market Cap
$55.33B
Return on Invested Capital (ROIC)
11.74%
TTM Avg
11.48%
3Y Avg
11.91%
5Y Avg
11.67%
Market Cap
$67.31B
Return on Invested Capital (ROIC)
8.81%
TTM Avg
9.56%
3Y Avg
9.08%
5Y Avg
8.33%
Market Cap
$43.21B
Return on Invested Capital (ROIC)
2.81%
TTM Avg
2.95%
3Y Avg
2.44%
5Y Avg
2.34%
Market Cap
$69.97B
Return on Invested Capital (ROIC)
2.25%
TTM Avg
1.16%
3Y Avg
1.23%
5Y Avg
1.39%
Market Cap
$41.30B
Return on Invested Capital (ROIC)
5.77%
TTM Avg
6.20%
3Y Avg
7.03%
5Y Avg
7.10%
Market Cap
$34.48B
Return on Invested Capital (ROIC)
6.34%
TTM Avg
5.03%
3Y Avg
5.38%
5Y Avg
5.55%
Market Cap
$33.05B
Return on Invested Capital (ROIC)
9.63%
TTM Avg
-1.28%
3Y Avg
2.57%
5Y Avg
3.42%
Market Cap
$81.68B
Return on Invested Capital (ROIC)
7.27%
TTM Avg
6.86%
3Y Avg
5.64%
5Y Avg
5.49%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Realty Income Corporation (O) | $56.46B | 2.24% | 2.64% | 2.81% | 2.77% |
| Public Storage (PSA)vs › | $55.33B | 11.74% | 11.48% | 11.91% | 11.67% |
| Simon Property Group, Inc. (SPG)vs › | $67.31B | 8.81% | 9.56% | 9.08% | 8.33% |
| Ventas, Inc. (VTR)vs › | $43.21B | 2.81% | 2.95% | 2.44% | 2.34% |
| Digital Realty Trust, Inc. (DLR)vs › | $69.97B | 2.25% | 1.16% | 1.23% | 1.39% |
| CBRE Group, Inc. (CBRE)vs › | $41.30B | 5.77% | 6.20% | 7.03% | 7.10% |
| Iron Mountain Incorporated (IRM)vs › | $34.48B | 6.34% | 5.03% | 5.38% | 5.55% |
| Crown Castle Inc. (CCI)vs › | $33.05B | 9.63% | -1.28% | 2.57% | 3.42% |
| American Tower Corporation (AMT)vs › | $81.68B | 7.27% | 6.86% | 5.64% | 5.49% |
| Extra Space Storage Inc. (EXR)vs › | $28.89B | 5.09% | 4.69% | 5.55% | 6.42% |
ROIC
2.2%
ROE
3.3%
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 | 2.24% |
| 2026-03-31 | 2.31% |
| 2025-12-31 | 2.19% |
| 2025-09-30 | 3.28% |
| 2025-06-30 | 3.18% |
| 2025-03-31 | 3.26% |
| 2024-12-31 | 3.18% |
| 2024-09-30 | 3.06% |
| 2024-06-30 | 2.87% |
| 2024-03-31 | 2.62% |
| 2023-12-31 | 2.87% |
| 2023-09-30 | 2.78% |
| 2023-06-30 | 2.66% |
| 2023-03-31 | 2.61% |
| 2022-12-31 | 2.54% |
| 2022-09-30 | 2.56% |
| 2022-06-30 | 2.41% |
| 2022-03-31 | 2.25% |
| 2021-12-31 | 2.05% |
| 2021-09-30 | 3.56% |
| 2021-06-30 | 3.61% |
| 2021-03-31 | 3.73% |
| 2020-12-31 | 3.77% |
| 2020-09-30 | 3.98% |
| 2020-06-30 | 4.14% |
| 2020-03-31 | 4.08% |
| 2019-12-31 | 4.02% |
| 2019-09-30 | 4.07% |
| 2019-06-30 | 4.07% |
| 2019-03-31 | 4.22% |
| 2018-12-31 | 4.20% |
| 2018-09-30 | 4.21% |
| 2018-06-30 | 4.19% |
| 2018-03-31 | 4.14% |
| 2017-12-31 | 4.19% |
| 2017-09-30 | 4.25% |
| 2017-06-30 | 4.21% |
| 2017-03-31 | 4.14% |
| 2016-12-31 | 4.13% |
| 2016-09-30 | 4.27% |
| 2016-06-30 | 4.32% |
| 2016-03-31 | 4.33% |
| 2015-12-31 | 4.32% |
| 2015-09-30 | 4.20% |
| 2015-06-30 | 4.10% |
| 2015-03-31 | 4.22% |
| 2014-12-31 | 4.15% |
| 2014-09-30 | 4.02% |
| 2014-06-30 | 3.88% |
| 2014-03-31 | 3.81% |
| 2013-12-31 | 3.84% |
| 2013-09-30 | 3.57% |
| 2013-06-30 | 3.44% |
| 2013-03-31 | 3.30% |
| 2012-12-31 | 5.03% |
| 2012-09-30 | 13.22% |
| 2012-06-30 | 5.92% |
| 2012-03-31 | 6.04% |
| 2011-12-31 | 5.89% |
| 2011-09-30 | 5.88% |
| 2011-06-30 | 6.05% |
| 2011-03-31 | 6.03% |
| 2010-12-31 | 6.19% |
| 2010-09-30 | 6.39% |
| 2010-06-30 | 6.67% |
| 2010-03-31 | 7.22% |
| 2009-12-31 | 7.26% |
| 2009-09-30 | 7.28% |
| 2009-06-30 | 7.24% |
| 2009-03-31 | 7.22% |
| 2008-12-31 | 6.94% |
| 2008-09-30 | 6.72% |
| 2008-06-30 | 6.65% |
| 2008-03-31 | 6.42% |
| 2007-12-31 | 6.15% |
| 2007-09-30 | 5.96% |
| 2007-06-30 | 6.88% |
| 2007-03-31 | 6.48% |
| 2006-12-31 | 6.13% |
| 2006-09-30 | 6.72% |
| 2006-06-30 | 7.05% |
| 2006-03-31 | 6.94% |
| 2005-12-31 | 5.76% |
| 2005-09-30 | 4.92% |
| 2005-06-30 | 5.45% |
| 2005-03-31 | 5.53% |
| 2004-12-31 | 5.73% |
| 2004-09-30 | 8.36% |
| 2004-06-30 | 7.22% |
| 2004-03-31 | 6.79% |
| 2003-12-31 | 8.08% |
| 2003-09-30 | 7.28% |
| 2003-06-30 | 8.67% |
