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 19.03% is in line with its 5-year average of 17.33%, near the high end of its 5-year range (13.60%–19.98%).
As of the fiscal period ended Tuesday, June 30, 2026. 1.18% below its 12-month average of 19.25%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 19.03%.
RETURN ON INVESTED CAPITAL (ROIC)
19.03%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
19.25%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
19.35%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
17.33%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
15.95%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
-1.18%
CURRENT VS 3Y AVG
-1.68%
CURRENT VS 5Y AVG
+9.76%
CURRENT VS 10Y AVG
+19.26%
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
+73.36%
vs the sector median at left
Ferrari N.V.
Market Cap
$72.71B
Return on Invested Capital (ROIC)
19.03%
TTM Avg
19.25%
3Y Avg
19.35%
5Y Avg
17.33%
Market Cap
$71.69B
Return on Invested Capital (ROIC)
17.35%
TTM Avg
14.52%
3Y Avg
2.24%
5Y Avg
-0.85%
Market Cap
$71.12B
Return on Invested Capital (ROIC)
36.25%
TTM Avg
36.73%
3Y Avg
38.72%
5Y Avg
37.25%
Market Cap
$74.58B
Return on Invested Capital (ROIC)
22.56%
TTM Avg
18.07%
3Y Avg
17.13%
5Y Avg
15.21%
Market Cap
$75.48B
Return on Invested Capital (ROIC)
0.81%
TTM Avg
2.58%
3Y Avg
3.32%
5Y Avg
3.26%
Market Cap
$69.42B
Return on Invested Capital (ROIC)
16.55%
TTM Avg
15.98%
3Y Avg
14.34%
5Y Avg
10.05%
Market Cap
$63.00B
Return on Invested Capital (ROIC)
14.59%
TTM Avg
14.57%
3Y Avg
9.20%
5Y Avg
1.14%
Market Cap
$62.24B
Return on Invested Capital (ROIC)
8.55%
TTM Avg
5.58%
3Y Avg
-0.58%
5Y Avg
-6.38%
Market Cap
$90.76B
Return on Invested Capital (ROIC)
18.61%
TTM Avg
15.33%
3Y Avg
16.05%
5Y Avg
12.13%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Ferrari N.V. (RACE) | $72.71B | 19.03% | 19.25% | 19.35% | 17.33% |
| Carvana Co. (CVNA)vs › | $71.69B | 17.35% | 14.52% | 2.24% | -0.85% |
| O'Reilly Automotive, Inc. (ORLY)vs › | $71.12B | 36.25% | 36.73% | 38.72% | 37.25% |
| Ross Stores, Inc. (ROST)vs › | $74.58B | 22.56% | 18.07% | 17.13% | 15.21% |
| General Motors Company (GM)vs › | $75.48B | 0.81% | 2.58% | 3.32% | 3.26% |
| Hilton Worldwide Holdings Inc. (HLT)vs › | $69.42B | 16.55% | 15.98% | 14.34% | 10.05% |
| Royal Caribbean Cruises Ltd. (RCL)vs › | $63.00B | 14.59% | 14.57% | 9.20% | 1.14% |
| Sea Limited (SE)vs › | $62.24B | 8.55% | 5.58% | -0.58% | -6.38% |
| Marriott International, Inc. (MAR)vs › | $90.76B | 18.61% | 15.33% | 16.05% | 12.13% |
| NIKE, Inc. (NKE)vs › | $53.42B | 10.87% | 11.33% | 14.64% | 16.67% |
ROIC
19.0%
ROE
45.5%
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 | 19.03% |
| 2026-03-31 | 18.30% |
| 2025-12-31 | 19.69% |
| 2025-09-30 | 19.98% |
| 2025-06-30 | 19.28% |
| 2025-03-31 | 19.61% |
| 2024-12-31 | 19.82% |
| 2024-09-30 | 19.23% |
| 2024-06-30 | 19.55% |
| 2024-03-31 | 19.26% |
| 2023-12-31 | 19.12% |
| 2023-09-30 | 17.43% |
| 2023-06-30 | 14.92% |
| 2023-03-31 | 13.64% |
| 2022-12-31 | 15.33% |
| 2022-09-30 | 16.26% |
| 2022-06-30 | 15.15% |
| 2022-03-31 | 13.60% |
| 2021-12-31 | 15.85% |
| 2021-09-30 | 14.49% |
| 2021-06-30 | 14.49% |
| 2021-03-31 | 11.63% |
| 2020-12-31 | 9.69% |
| 2020-09-30 | 8.81% |
| 2020-06-30 | 9.56% |
| 2020-03-31 | 14.21% |
| 2019-12-31 | 14.17% |
| 2019-09-30 | 17.05% |
| 2019-06-30 | 19.59% |
| 2019-03-31 | 18.97% |
| 2018-12-31 | 20.17% |
| 2018-09-30 | 19.37% |
| 2018-06-30 | 16.81% |
| 2018-03-31 | 15.68% |
| 2017-12-31 | 15.68% |
| 2017-09-30 | 15.18% |
| 2017-06-30 | 15.56% |
| 2017-03-31 | 14.55% |
| 2016-12-31 | 12.56% |
| 2016-09-30 | 10.95% |
| 2016-06-30 | 9.89% |
| 2016-03-31 | 9.42% |
| 2015-12-31 | 9.74% |
| 2015-09-30 | 7.74% |
| 2015-06-30 | 7.07% |
| 2015-03-31 | 7.44% |
| 2014-12-31 | 7.22% |
