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 2.97% is 25% below its 5-year average of 3.94%, around the middle of its 5-year range (-5.54%–8.87%).
As of the fiscal period ended Tuesday, June 30, 2026. 12.03% above its 12-month average of 2.65%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 2.97%.
RETURN ON INVESTED CAPITAL (ROIC)
2.97%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
2.65%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
4.28%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
3.94%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
4.39%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
3.74%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
3.27%
CURRENT VS TTM AVG
+12.03%
CURRENT VS 3Y AVG
-30.66%
CURRENT VS 5Y AVG
-24.78%
CURRENT VS 10Y AVG
-32.39%
CURRENT VS 15Y AVG
-20.64%
CURRENT VS 20Y AVG
-9.31%
SECTOR MEDIAN · REAL ESTATE
4.78%
median of 40 covered companies
CURRENT VS SECTOR MEDIAN
-37.94%
vs the sector median at left
Sunstone Hotel Investors, Inc.
Market Cap
$2.06B
Return on Invested Capital (ROIC)
2.97%
TTM Avg
2.65%
3Y Avg
4.28%
5Y Avg
3.94%
Market Cap
$2.47B
Return on Invested Capital (ROIC)
-26.19%
TTM Avg
-11.84%
3Y Avg
-12.27%
5Y Avg
-10.65%
Market Cap
$3.18B
Return on Invested Capital (ROIC)
-20.71%
TTM Avg
-14.37%
3Y Avg
-14.37%
5Y Avg
-14.37%
Market Cap
$3.68B
Return on Invested Capital (ROIC)
5.17%
TTM Avg
5.54%
3Y Avg
5.15%
5Y Avg
3.37%
Market Cap
$6.99B
Return on Invested Capital (ROIC)
3.65%
TTM Avg
3.42%
3Y Avg
3.48%
5Y Avg
3.75%
Market Cap
$7.90B
Return on Invested Capital (ROIC)
6.18%
TTM Avg
6.31%
3Y Avg
6.25%
5Y Avg
5.96%
Market Cap
$8.17B
Return on Invested Capital (ROIC)
3.56%
TTM Avg
3.52%
3Y Avg
3.39%
5Y Avg
3.41%
Market Cap
$8.19B
Return on Invested Capital (ROIC)
5.63%
TTM Avg
5.36%
3Y Avg
4.93%
5Y Avg
4.92%
Market Cap
$8.96B
Return on Invested Capital (ROIC)
6.88%
TTM Avg
7.40%
3Y Avg
7.29%
5Y Avg
7.17%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Sunstone Hotel Investors, Inc. (SHO) | $2.06B | 2.97% | 2.65% | 4.28% | 3.94% |
| Opendoor Technologies Inc. (OPEN)vs › | $2.47B | -26.19% | -11.84% | -12.27% | -10.65% |
| Fermi Inc. Common Stock (FRMI)vs › | $3.18B | -20.71% | -14.37% | -14.37% | -14.37% |
| Apple Hospitality REIT, Inc. (APLE)vs › | $3.68B | 5.17% | 5.54% | 5.15% | 3.37% |
| Terreno Realty Corporation (TRNO)vs › | $6.99B | 3.65% | 3.42% | 3.48% | 3.75% |
| NNN REIT, Inc. (NNN)vs › | $7.90B | 6.18% | 6.31% | 6.25% | 5.96% |
| Agree Realty Corporation (ADC)vs › | $8.17B | 3.56% | 3.52% | 3.39% | 3.41% |
| First Industrial Realty Trust, Inc. (FR)vs › | $8.19B | 5.63% | 5.36% | 4.93% | 4.92% |
| CubeSmart (CUBE)vs › | $8.96B | 6.88% | 7.40% | 7.29% | 7.17% |
| Alexandria Real Estate Equities, Inc. (ARE)vs › | $9.29B | -4.23% | -0.78% | 0.56% | 1.61% |
ROIC
3.0%
ROE
2.8%
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 | 2.97% |
| 2026-03-31 | 2.96% |
| 2025-12-31 | 2.54% |
| 2025-09-30 | 2.28% |
| 2025-06-30 | 2.50% |
| 2025-03-31 | 2.59% |
| 2024-12-31 | 2.61% |
| 2024-09-30 | 2.89% |
| 2024-06-30 | 4.24% |
| 2024-03-31 | 5.65% |
| 2023-12-31 | 6.93% |
| 2023-09-30 | 8.59% |
| 2023-06-30 | 8.87% |
| 2023-03-31 | 8.82% |
| 2022-12-31 | 7.56% |
| 2022-09-30 | 5.28% |
| 2022-06-30 | 4.12% |
| 2022-03-31 | 0.95% |
| 2021-12-31 | -1.58% |
| 2021-09-30 | -1.89% |
| 2021-06-30 | -5.54% |
| 2021-03-31 | -8.03% |
| 2020-12-31 | -7.09% |
| 2020-09-30 | -3.73% |
| 2020-06-30 | 0.11% |
| 2020-03-31 | 4.06% |
| 2019-12-31 | 5.42% |
| 2019-09-30 | 5.79% |
| 2019-06-30 | 5.85% |
| 2019-03-31 | 5.96% |
| 2018-12-31 | 6.10% |
| 2018-09-30 | 4.42% |
| 2018-06-30 | 3.66% |
| 2018-03-31 | 3.77% |
| 2017-12-31 | 3.89% |
| 2017-09-30 | 3.83% |
| 2017-06-30 | 4.79% |
| 2017-03-31 | 4.96% |
| 2016-12-31 | 4.85% |
| 2016-09-30 | 4.82% |
| 2016-06-30 | 4.92% |
| 2016-03-31 | 4.99% |
| 2015-12-31 | 5.14% |
| 2015-09-30 | 4.61% |
| 2015-06-30 | 4.68% |
| 2015-03-31 | 4.25% |
| 2014-12-31 | 4.17% |
| 2014-09-30 | 3.81% |
| 2014-06-30 | 3.38% |
| 2014-03-31 | 3.06% |
| 2013-12-31 | 2.11% |
| 2013-09-30 | 2.51% |
| 2013-06-30 | 2.49% |
| 2013-03-31 | 2.24% |
| 2012-12-31 | 1.63% |
| 2012-09-30 | 1.61% |
| 2012-06-30 | 1.30% |
| 2012-03-31 | 1.26% |
| 2011-12-31 | 1.30% |
| 2011-09-30 | 1.21% |
| 2011-06-30 | 1.23% |
| 2011-03-31 | 0.97% |
| 2010-12-31 | 0.75% |
| 2010-09-30 | -1.02% |
| 2010-06-30 | -0.89% |
| 2010-03-31 | -6.35% |
| 2009-12-31 | -6.22% |
| 2009-09-30 | -2.84% |
| 2009-06-30 | -1.69% |
| 2009-03-31 | 2.44% |
| 2008-12-31 | 2.84% |
| 2008-09-30 | 2.98% |
| 2008-06-30 | 3.48% |
| 2008-03-31 | 2.95% |
| 2007-12-31 | 2.96% |
| 2007-09-30 | 3.26% |
| 2007-06-30 | 2.86% |
| 2007-03-31 | 2.63% |
| 2006-12-31 | 2.87% |
| 2006-09-30 | 3.99% |
| 2006-06-30 | 3.74% |
| 2006-03-31 | 3.61% |
| 2005-12-31 | 4.02% |
| 2005-09-30 | 3.00% |
| 2005-06-30 | 3.31% |
| 2005-03-31 | 19.86% |
| 2004-12-31 | 20.32% |
| 2004-09-30 | 17.96% |
| 2004-06-30 | 18.07% |
