Basis: Latest reported fiscal year. 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 2.45% is 15% below its 5-year average of 2.88%, near the low end of its 5-year range (2.15%–4.00%).
As of the fiscal period ended Wednesday, December 31, 2025. 11.39% below its 12-month average of 2.77%.
Annual fiscal-year return on invested capital; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
2.45%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
2.77%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
2.79%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
2.88%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
3.52%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
3.85%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
4.69%
CURRENT VS TTM AVG
-11.39%
CURRENT VS 3Y AVG
-12.03%
CURRENT VS 5Y AVG
-14.98%
CURRENT VS 10Y AVG
-30.33%
CURRENT VS 15Y AVG
-36.34%
CURRENT VS 20Y AVG
-47.71%
SECTOR MEDIAN · REAL ESTATE
5.13%
median of 39 covered companies
CURRENT VS SECTOR MEDIAN
-52.24%
vs the sector median at left
Realty Income Corporation
Market Cap
$61.17B
Return on Invested Capital (ROIC)
2.45%
TTM Avg
2.77%
3Y Avg
2.79%
5Y Avg
2.88%
Market Cap
$56.62B
Return on Invested Capital (ROIC)
13.14%
TTM Avg
11.78%
3Y Avg
12.31%
5Y Avg
12.13%
Market Cap
$48.87B
Return on Invested Capital (ROIC)
3.20%
TTM Avg
3.09%
3Y Avg
2.54%
5Y Avg
2.43%
Market Cap
$73.65B
Return on Invested Capital (ROIC)
N/A
TTM Avg
1.34%
3Y Avg
1.39%
5Y Avg
1.52%
Market Cap
$74.51B
Return on Invested Capital (ROIC)
9.60%
TTM Avg
10.53%
3Y Avg
9.89%
5Y Avg
9.04%
Market Cap
$77.65B
Return on Invested Capital (ROIC)
8.85%
TTM Avg
8.95%
3Y Avg
7.26%
5Y Avg
6.84%
Market Cap
$40.84B
Return on Invested Capital (ROIC)
8.46%
TTM Avg
7.67%
3Y Avg
8.97%
5Y Avg
9.36%
Market Cap
$38.18B
Return on Invested Capital (ROIC)
5.72%
TTM Avg
5.25%
3Y Avg
5.60%
5Y Avg
5.77%
Market Cap
$32.73B
Return on Invested Capital (ROIC)
10.44%
TTM Avg
-1.30%
3Y Avg
2.71%
5Y Avg
3.63%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Realty Income Corporation (O) | $61.17B | 2.45% | 2.77% | 2.79% | 2.88% |
| Public Storage (PSA)vs › | $56.62B | 13.14% | 11.78% | 12.31% | 12.13% |
| Ventas, Inc. (VTR)vs › | $48.87B | 3.20% | 3.09% | 2.54% | 2.43% |
| Digital Realty Trust, Inc. (DLR)vs › | $73.65B | N/A | 1.34% | 1.39% | 1.52% |
| Simon Property Group, Inc. (SPG)vs › | $74.51B | 9.60% | 10.53% | 9.89% | 9.04% |
| American Tower Corporation (AMT)vs › | $77.65B | 8.85% | 8.95% | 7.26% | 6.84% |
| CBRE Group, Inc. (CBRE)vs › | $40.84B | 8.46% | 7.67% | 8.97% | 9.36% |
| Iron Mountain Incorporated (IRM)vs › | $38.18B | 5.72% | 5.25% | 5.60% | 5.77% |
| Crown Castle Inc. (CCI)vs › | $32.73B | 10.44% | -1.30% | 2.71% | 3.63% |
| Extra Space Storage Inc. (EXR)vs › | $31.21B | 5.18% | 4.90% | 5.96% | 6.98% |
ROIC
2.5%
ROE
2.9%
ROIC = NOPAT / Invested Capital
Return on invested capital measures the after-tax return a company earns on all capital (debt and equity) invested in the business.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | RETURN ON INVESTED CAPITAL (ROIC) |
|---|---|
| 2025-12-31 | 2.22% |
| 2024-12-31 | 3.31% |
| 2023-12-31 | 2.97% |
| 2022-12-31 | 2.64% |
| 2021-12-31 | 2.15% |
| 2020-12-31 | 4.00% |
| 2019-12-31 | 4.11% |
| 2018-12-31 | 4.31% |
| 2017-12-31 | 4.29% |
| 2016-12-31 | 4.23% |
| 2015-12-31 | 4.45% |
| 2014-12-31 | 4.25% |
| 2013-12-31 | 3.91% |
| 2012-12-31 | 5.20% |
| 2011-12-31 | 5.69% |
| 2010-12-31 | 6.07% |
| 2009-12-31 | 7.25% |
| 2008-12-31 | 7.26% |
| 2007-12-31 | 6.68% |
| 2006-12-31 | 6.21% |
| 2005-12-31 | 7.20% |
| 2004-12-31 | 11.95% |
| 2003-12-31 | 13.35% |
| 2002-12-31 | 15.08% |
| 2001-12-31 | 14.61% |
| 2000-12-31 | 15.01% |
| 1999-12-31 | 4.53% |
| 1998-12-31 | 5.29% |
| 1997-12-31 | 15.87% |
| 1996-12-31 | 7.49% |
