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 11.03% is 13% above its 5-year average of 9.73%, around the middle of its 5-year range (7.64%–13.30%).
As of the fiscal period ended Wednesday, December 31, 2025. 11.37% below its 12-month average of 12.45%.
Annual fiscal-year return on invested capital; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
11.03%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
12.45%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
10.60%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
9.73%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
7.92%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
6.50%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
5.26%
CURRENT VS TTM AVG
-11.37%
CURRENT VS 3Y AVG
+4.03%
CURRENT VS 5Y AVG
+13.42%
CURRENT VS 10Y AVG
+39.27%
CURRENT VS 15Y AVG
+69.68%
CURRENT VS 20Y AVG
+109.75%
SECTOR MEDIAN · REAL ESTATE
5.76%
median of 39 covered companies
CURRENT VS SECTOR MEDIAN
+91.49%
vs the sector median at left
SBA Communications Corporation
Market Cap
$19.23B
Return on Invested Capital (ROIC)
11.03%
TTM Avg
12.45%
3Y Avg
10.60%
5Y Avg
9.73%
Market Cap
$18.36B
Return on Invested Capital (ROIC)
10.69%
TTM Avg
6.28%
3Y Avg
5.70%
5Y Avg
5.18%
Market Cap
$17.87B
Return on Invested Capital (ROIC)
6.39%
TTM Avg
3.85%
3Y Avg
8.21%
5Y Avg
10.56%
Market Cap
$17.69B
Return on Invested Capital (ROIC)
12.69%
TTM Avg
4.17%
3Y Avg
3.97%
5Y Avg
3.66%
Market Cap
$17.26B
Return on Invested Capital (ROIC)
7.74%
TTM Avg
7.12%
3Y Avg
7.20%
5Y Avg
2.86%
Market Cap
$17.20B
Return on Invested Capital (ROIC)
4.20%
TTM Avg
3.59%
3Y Avg
3.25%
5Y Avg
3.09%
Market Cap
$15.55B
Return on Invested Capital (ROIC)
5.40%
TTM Avg
5.75%
3Y Avg
5.99%
5Y Avg
5.39%
Market Cap
$15.26B
Return on Invested Capital (ROIC)
8.29%
TTM Avg
4.73%
3Y Avg
4.22%
5Y Avg
4.51%
Market Cap
$15.08B
Return on Invested Capital (ROIC)
2.94%
TTM Avg
2.77%
3Y Avg
2.87%
5Y Avg
2.63%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| SBA Communications Corporation (SBAC) | $19.23B | 11.03% | 12.45% | 10.60% | 9.73% |
| Essex Property Trust, Inc. (ESS)vs › | $18.36B | 10.69% | 6.28% | 5.70% | 5.18% |
| Weyerhaeuser Company (WY)vs › | $17.87B | 6.39% | 3.85% | 8.21% | 10.56% |
| Invitation Homes Inc. (INVH)vs › | $17.69B | 12.69% | 4.17% | 3.97% | 3.66% |
| Host Hotels & Resorts, Inc. (HST)vs › | $17.26B | 7.74% | 7.12% | 7.20% | 2.86% |
| Kimco Realty Corporation (KIM)vs › | $17.20B | 4.20% | 3.59% | 3.25% | 3.09% |
| Mid-America Apartment Communities, Inc. (MAA)vs › | $15.55B | 5.40% | 5.75% | 5.99% | 5.39% |
| Sun Communities, Inc. (SUI)vs › | $15.26B | 8.29% | 4.73% | 4.22% | 4.51% |
| Healthpeak Properties, Inc. (DOC)vs › | $15.08B | 2.94% | 2.77% | 2.87% | 2.63% |
| Regency Centers Corporation (REG)vs › | $14.71B | 6.51% | 6.36% | 7.09% | 7.11% |
ROIC
11.0%
ROE
-21.7%
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 | 11.59% |
| 2024-12-31 | 13.30% |
| 2023-12-31 | 9.22% |
| 2022-12-31 | 8.30% |
| 2021-12-31 | 8.30% |
| 2020-12-31 | 7.64% |
| 2019-12-31 | 5.06% |
| 2018-12-31 | 7.78% |
| 2017-12-31 | 6.12% |
| 2016-12-31 | 5.10% |
| 2015-12-31 | 4.71% |
| 2014-12-31 | 4.70% |
| 2013-12-31 | 3.76% |
| 2012-12-31 | 2.66% |
| 2011-12-31 | 3.36% |
| 2010-12-31 | 2.41% |
| 2009-12-31 | 1.88% |
| 2008-12-31 | 1.62% |
| 2007-12-31 | 1.38% |
| 2006-12-31 | 1.03% |
| 2005-12-31 | 0.51% |
| 2004-12-31 | -3.10% |
| 2003-12-31 | -4.73% |
| 2002-12-31 | -8.96% |
| 2001-12-31 | -3.74% |
| 2000-12-31 | -3.61% |
| 1999-12-31 | -8.05% |
| 1998-12-31 | -14.26% |
