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 17.16% is 19% below its 5-year average of 21.12%, around the middle of its 5-year range (-6.97%–31.71%).
As of the fiscal period ended Tuesday, June 30, 2026. 7.97% below its 12-month average of 18.64%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 17.16%.
RETURN ON INVESTED CAPITAL (ROIC)
17.16%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
18.64%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
23.46%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
21.12%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
-7.97%
CURRENT VS 3Y AVG
-26.88%
CURRENT VS 5Y AVG
-18.75%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · CONSUMER CYCLICAL
10.97%
median of 96 covered companies
CURRENT VS SECTOR MEDIAN
+56.33%
vs the sector median at left
PDD Holdings Inc.
Market Cap
$110.56B
Return on Invested Capital (ROIC)
17.16%
TTM Avg
18.64%
3Y Avg
23.46%
5Y Avg
21.12%
Market Cap
$107.77B
Return on Invested Capital (ROIC)
10.00%
TTM Avg
13.23%
3Y Avg
16.04%
5Y Avg
14.19%
Market Cap
$106.00B
Return on Invested Capital (ROIC)
21.02%
TTM Avg
24.13%
3Y Avg
26.29%
5Y Avg
26.80%
Market Cap
$127.44B
Return on Invested Capital (ROIC)
71.23%
TTM Avg
47.48%
3Y Avg
38.26%
5Y Avg
26.91%
Market Cap
$93.60B
Return on Invested Capital (ROIC)
20.73%
TTM Avg
19.29%
3Y Avg
18.51%
5Y Avg
2.19%
Market Cap
$91.92B
Return on Invested Capital (ROIC)
18.61%
TTM Avg
15.33%
3Y Avg
16.05%
5Y Avg
12.13%
Market Cap
$90.67B
Return on Invested Capital (ROIC)
4.74%
TTM Avg
8.93%
3Y Avg
10.48%
5Y Avg
8.33%
Market Cap
$88.91B
Return on Invested Capital (ROIC)
11.63%
TTM Avg
15.13%
3Y Avg
13.90%
5Y Avg
10.34%
Market Cap
$143.99B
Return on Invested Capital (ROIC)
24.37%
TTM Avg
22.94%
3Y Avg
22.04%
5Y Avg
18.45%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| PDD Holdings Inc. (PDD) | $110.56B | 17.16% | 18.64% | 23.46% | 21.12% |
| Starbucks Corporation (SBUX)vs › | $107.77B | 10.00% | 13.23% | 16.04% | 14.19% |
| Lowe's Companies, Inc. (LOW)vs › | $106.00B | 21.02% | 24.13% | 26.29% | 26.80% |
| Booking Holdings Inc. (BKNG)vs › | $127.44B | 71.23% | 47.48% | 38.26% | 26.91% |
| Airbnb, Inc. (ABNB)vs › | $93.60B | 20.73% | 19.29% | 18.51% | 2.19% |
| Marriott International, Inc. (MAR)vs › | $91.92B | 18.61% | 15.33% | 16.05% | 12.13% |
| BYD Company Limited (BYDDY)vs › | $90.67B | 4.74% | 8.93% | 10.48% | 8.33% |
| MercadoLibre, Inc. (MELI)vs › | $88.91B | 11.63% | 15.13% | 13.90% | 10.34% |
| The TJX Companies, Inc. (TJX)vs › | $143.99B | 24.37% | 22.94% | 22.04% | 18.45% |
| Ross Stores, Inc. (ROST)vs › | $75.75B | 22.56% | 18.07% | 17.13% | 15.21% |
ROIC
17.2%
ROE
20.1%
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 | 17.16% |
| 2026-03-31 | 18.08% |
| 2025-12-31 | 17.79% |
| 2025-09-30 | 19.39% |
| 2025-06-30 | 20.79% |
| 2025-03-31 | 24.43% |
| 2024-12-31 | 28.91% |
| 2024-09-30 | 30.65% |
| 2024-06-30 | 31.71% |
| 2024-03-31 | 28.87% |
| 2023-12-31 | 24.83% |
| 2023-09-30 | 21.44% |
| 2023-06-30 | 21.01% |
| 2023-03-31 | 21.21% |
| 2022-12-31 | 19.79% |
| 2022-09-30 | 20.69% |
| 2022-06-30 | 15.98% |
| 2022-03-31 | 12.10% |
| 2021-12-31 | 6.38% |
| 2021-09-30 | -1.35% |
| 2021-06-30 | -6.97% |
| 2021-03-31 | -11.98% |
| 2020-12-31 | -11.52% |
| 2020-09-30 | -24.71% |
| 2020-06-30 | -28.62% |
| 2020-03-31 | -36.66% |
| 2019-12-31 | -27.47% |
| 2019-09-30 | -29.80% |
| 2019-06-30 | -29.83% |
| 2019-03-31 | -50.26% |
| 2018-12-31 | -58.88% |
| 2018-09-30 | -40.75% |
| 2018-06-30 | -76.21% |
| 2018-03-31 | -6.32% |
| 2017-12-31 | -47.62% |
