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 4.17% is 29% above its 5-year average of 3.25%, near the high end of its 5-year range (-0.24%–5.19%).
As of the fiscal period ended Tuesday, June 30, 2026. 46.48% above its 12-month average of 2.85%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 4.17%.
RETURN ON INVESTED CAPITAL (ROIC)
4.17%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
2.85%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
2.69%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
3.25%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
4.44%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
5.90%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
5.68%
CURRENT VS TTM AVG
+46.48%
CURRENT VS 3Y AVG
+55.14%
CURRENT VS 5Y AVG
+28.51%
CURRENT VS 10Y AVG
-5.95%
CURRENT VS 15Y AVG
-29.30%
CURRENT VS 20Y AVG
-26.55%
SECTOR MEDIAN · COMMUNICATION SERVICES
2.33%
median of 132 covered companies
CURRENT VS SECTOR MEDIAN
+79.51%
vs the sector median at left
Saga Communications, Inc.
Market Cap
$53.69M
Return on Invested Capital (ROIC)
4.17%
TTM Avg
2.85%
3Y Avg
2.69%
5Y Avg
3.25%
Market Cap
$54.05M
Return on Invested Capital (ROIC)
7.20%
TTM Avg
11.59%
3Y Avg
11.59%
5Y Avg
11.59%
Market Cap
$54.90M
Return on Invested Capital (ROIC)
-3.75%
TTM Avg
-2.27%
3Y Avg
-2.21%
5Y Avg
0.60%
Market Cap
$57.56M
Return on Invested Capital (ROIC)
0.72%
TTM Avg
-2.63%
3Y Avg
-3.12%
5Y Avg
-4.75%
Market Cap
$59.80M
Return on Invested Capital (ROIC)
-12.06%
TTM Avg
-13.47%
3Y Avg
-17.68%
5Y Avg
-27.50%
Market Cap
$45.19M
Return on Invested Capital (ROIC)
-17.72%
TTM Avg
1.92%
3Y Avg
-3.48%
5Y Avg
-10.03%
Market Cap
$45.73M
Return on Invested Capital (ROIC)
-498.90%
TTM Avg
-200.60%
3Y Avg
-210.36%
5Y Avg
-210.36%
Market Cap
$44.70M
Return on Invested Capital (ROIC)
6.51%
TTM Avg
7.50%
3Y Avg
10.02%
5Y Avg
14.50%
Market Cap
$44.49M
Return on Invested Capital (ROIC)
-25.04%
TTM Avg
-12.14%
3Y Avg
-16.07%
5Y Avg
-10.65%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Saga Communications, Inc. (SGA) | $53.69M | 4.17% | 2.85% | 2.69% | 3.25% |
| Grandstand Limited (GRSD)vs › | $54.05M | 7.20% | 11.59% | 11.59% | 11.59% |
| Teads Holding Co. (TEAD)vs › | $54.90M | -3.75% | -2.27% | -2.21% | 0.60% |
| Reading International, Inc. (RDIB)vs › | $57.56M | 0.72% | -2.63% | -3.12% | -4.75% |
| Marchex, Inc. (MCHX)vs › | $59.80M | -12.06% | -13.47% | -17.68% | -27.50% |
| Cineverse Corp. (CNVS)vs › | $45.19M | -17.72% | 1.92% | -3.48% | -10.03% |
| FreeCast, Inc. Class A Common Stock (CAST)vs › | $45.73M | -498.90% | -200.60% | -210.36% | -210.36% |
| Cheer Holding, Inc. (CHR)vs › | $44.70M | 6.51% | 7.50% | 10.02% | 14.50% |
| BuzzFeed, Inc. (BZFD)vs › | $44.49M | -25.04% | -12.14% | -16.07% | -10.65% |
| Reading International, Inc. (RDI)vs › | $63.30M | 0.76% | -2.63% | -3.27% | -4.86% |
ROIC
4.2%
ROE
-6.0%
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 | 4.17% |
| 2026-03-31 | 4.58% |
| 2025-12-31 | 5.05% |
| 2025-09-30 | -0.24% |
| 2025-06-30 | 0.68% |
| 2025-03-31 | 0.93% |
| 2024-12-31 | 0.86% |
| 2024-09-30 | 1.51% |
| 2024-06-30 | 2.18% |
| 2024-03-31 | 3.06% |
| 2023-12-31 | 4.15% |
| 2023-09-30 | 4.60% |
| 2023-06-30 | 3.44% |
| 2023-03-31 | 3.81% |
| 2022-12-31 | 4.06% |
| 2022-09-30 | 3.89% |
| 2022-06-30 | 5.19% |
| 2022-03-31 | 5.02% |
| 2021-12-31 | 4.76% |
| 2021-09-30 | 3.99% |
| 2021-06-30 | 2.50% |
| 2021-03-31 | -1.08% |
| 2020-12-31 | -0.54% |
| 2020-09-30 | -0.35% |
| 2020-06-30 | 1.64% |
| 2020-03-31 | 5.73% |
| 2019-12-31 | 5.69% |
| 2019-09-30 | 5.96% |
| 2019-06-30 | 6.19% |
| 2019-03-31 | 5.92% |
| 2018-12-31 | 6.03% |
| 2018-09-30 | 7.67% |
| 2018-06-30 | 7.67% |
| 2018-03-31 | 7.69% |
| 2017-12-31 | 8.22% |
| 2017-09-30 | 5.71% |
| 2017-06-30 | 7.73% |
| 2017-03-31 | 8.51% |
| 2016-12-31 | 9.05% |
| 2016-09-30 | 8.54% |
| 2016-06-30 | 7.77% |
| 2016-03-31 | 7.68% |
| 2015-12-31 | 7.37% |
| 2015-09-30 | 7.88% |
| 2015-06-30 | 7.88% |
| 2015-03-31 | 8.37% |
| 2014-12-31 | 8.66% |
| 2014-09-30 | 7.67% |
| 2014-06-30 | 8.07% |
| 2014-03-31 | 8.39% |
| 2013-12-31 | 8.77% |
| 2013-09-30 | 9.65% |
| 2013-06-30 | 10.13% |
| 2013-03-31 | 10.24% |
| 2012-12-31 | 10.48% |
| 2012-09-30 | 10.94% |
| 2012-06-30 | 9.76% |
| 2012-03-31 | 9.43% |
| 2011-12-31 | 8.84% |
| 2011-09-30 | 9.08% |
| 2011-06-30 | 8.88% |
| 2011-03-31 | 9.05% |
| 2010-12-31 | 8.78% |
| 2010-09-30 | 2.45% |
| 2010-06-30 | 1.86% |
| 2010-03-31 | 1.40% |
| 2009-12-31 | 0.74% |
| 2009-09-30 | -46.44% |
| 2009-06-30 | -46.01% |
| 2009-03-31 | -46.49% |
| 2008-12-31 | -44.31% |
| 2008-09-30 | 4.70% |
| 2008-06-30 | 4.81% |
| 2008-03-31 | 5.05% |
| 2007-12-31 | 5.13% |
| 2007-09-30 | 5.45% |
| 2007-06-30 | 5.53% |
| 2007-03-31 | 5.63% |
| 2006-12-31 | 5.79% |
| 2006-09-30 | 5.51% |
| 2006-06-30 | 5.58% |
| 2006-03-31 | 5.52% |
| 2005-12-31 | 5.59% |
| 2005-09-30 | 5.64% |
| 2005-06-30 | 5.89% |
| 2005-03-31 | 6.47% |
| 2004-12-31 | 7.01% |
| 2004-09-30 | 7.36% |
| 2004-06-30 | 7.39% |
| 2004-03-31 | 7.21% |
| 2003-12-31 | 7.03% |
| 2003-09-30 | 7.19% |
| 2003-06-30 | 7.24% |
