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 7.51% is 77% above its 5-year average of 4.25%, near the high end of its 5-year range (1.81%–7.51%).
As of the fiscal period ended Tuesday, June 30, 2026. 11.06% above its 12-month average of 6.76%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 7.51%.
RETURN ON INVESTED CAPITAL (ROIC)
7.51%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
6.76%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
6.06%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
4.25%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
4.71%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
9.34%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
18.89%
CURRENT VS TTM AVG
+11.06%
CURRENT VS 3Y AVG
+23.83%
CURRENT VS 5Y AVG
+76.60%
CURRENT VS 10Y AVG
+59.27%
CURRENT VS 15Y AVG
-19.66%
CURRENT VS 20Y AVG
-60.27%
SECTOR MEDIAN · CONSUMER DEFENSIVE
5.37%
median of 154 covered companies
CURRENT VS SECTOR MEDIAN
+39.91%
vs the sector median at left
Strategic Education, Inc.
Market Cap
$1.81B
Return on Invested Capital (ROIC)
7.51%
TTM Avg
6.76%
3Y Avg
6.06%
5Y Avg
4.25%
Market Cap
$1.62B
Return on Invested Capital (ROIC)
4.69%
TTM Avg
4.46%
3Y Avg
6.39%
5Y Avg
9.79%
Market Cap
$2.01B
Return on Invested Capital (ROIC)
13.81%
TTM Avg
12.09%
3Y Avg
12.18%
5Y Avg
13.97%
Market Cap
$1.49B
Return on Invested Capital (ROIC)
4.86%
TTM Avg
6.24%
3Y Avg
6.59%
5Y Avg
5.93%
Market Cap
$2.27B
Return on Invested Capital (ROIC)
7.59%
TTM Avg
5.34%
3Y Avg
7.21%
5Y Avg
5.05%
Market Cap
$2.36B
Return on Invested Capital (ROIC)
6.71%
TTM Avg
3.07%
3Y Avg
2.04%
5Y Avg
1.70%
Market Cap
$1.26B
Return on Invested Capital (ROIC)
12.62%
TTM Avg
12.21%
3Y Avg
11.14%
5Y Avg
9.84%
Market Cap
$1.23B
Return on Invested Capital (ROIC)
3.51%
TTM Avg
10.87%
3Y Avg
11.44%
5Y Avg
11.44%
Market Cap
$1.22B
Return on Invested Capital (ROIC)
5.41%
TTM Avg
6.58%
3Y Avg
6.87%
5Y Avg
7.43%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Strategic Education, Inc. (STRA) | $1.81B | 7.51% | 6.76% | 6.06% | 4.25% |
| Ingles Markets, Incorporated (IMKTA)vs › | $1.62B | 4.69% | 4.46% | 6.39% | 9.79% |
| Perdoceo Education Corporation (PRDO)vs › | $2.01B | 13.81% | 12.09% | 12.18% | 13.97% |
| J&J Snack Foods Corp. (JJSF)vs › | $1.49B | 4.86% | 6.24% | 6.59% | 5.93% |
| The Andersons, Inc. (ANDE)vs › | $2.27B | 7.59% | 5.34% | 7.21% | 5.05% |
| Newell Brands Inc. (NWL)vs › | $2.36B | 6.71% | 3.07% | 2.04% | 1.70% |
| Afya Limited (AFYA)vs › | $1.26B | 12.62% | 12.21% | 11.14% | 9.84% |
| Air Global PLC Ordinary Shares (AIIR)vs › | $1.23B | 3.51% | 10.87% | 11.44% | 11.44% |
| Flowers Foods, Inc. (FLO)vs › | $1.22B | 5.41% | 6.58% | 6.87% | 7.43% |
| Seneca Foods Corporation (SENEB)vs › | $1.20B | 10.76% | 7.84% | 5.86% | 7.99% |
ROIC
7.5%
ROE
8.2%
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 | 7.51% |
| 2026-03-31 | 7.26% |
| 2025-12-31 | 6.95% |
| 2025-09-30 | 6.04% |
| 2025-06-30 | 6.04% |
| 2025-03-31 | 5.97% |
| 2024-12-31 | 5.93% |
| 2024-09-30 | 6.47% |
| 2024-06-30 | 5.96% |
| 2024-03-31 | 5.11% |
| 2023-12-31 | 3.45% |
| 2023-09-30 | 2.49% |
| 2023-06-30 | 1.81% |
| 2023-03-31 | 1.94% |
| 2022-12-31 | 2.43% |
| 2022-09-30 | 2.54% |
| 2022-06-30 | 2.40% |
| 2022-03-31 | 2.51% |
| 2021-12-31 | 2.52% |
| 2021-09-30 | 1.87% |
| 2021-06-30 | 2.07% |
| 2021-03-31 | 2.70% |
| 2020-12-31 | 3.95% |
| 2020-09-30 | 5.60% |
| 2020-06-30 | 6.56% |
| 2020-03-31 | 5.91% |
| 2019-12-31 | 4.44% |
| 2019-09-30 | 4.07% |
| 2019-06-30 | 0.51% |
| 2019-03-31 | -0.51% |
| 2018-12-31 | -1.48% |
| 2018-09-30 | -1.96% |
| 2018-06-30 | 7.28% |
| 2018-03-31 | 9.56% |
| 2017-12-31 | 11.39% |
| 2017-09-30 | 15.09% |
| 2017-06-30 | 13.78% |
| 2017-03-31 | 13.33% |
| 2016-12-31 | 14.62% |
| 2016-09-30 | 16.14% |
| 2016-06-30 | 17.32% |
| 2016-03-31 | 19.77% |
| 2015-12-31 | 22.10% |
| 2015-09-30 | 24.76% |
| 2015-06-30 | 15.65% |
| 2015-03-31 | 17.00% |
| 2014-12-31 | 19.19% |
| 2014-09-30 | 7.30% |
| 2014-06-30 | 6.70% |
| 2014-03-31 | 7.64% |
| 2013-12-31 | 9.28% |
| 2013-09-30 | 27.45% |
| 2013-06-30 | 28.40% |
| 2013-03-31 | 34.50% |
| 2012-12-31 | 36.57% |
| 2012-09-30 | 41.49% |
| 2012-06-30 | 46.43% |
| 2012-03-31 | 57.01% |
| 2011-12-31 | 59.65% |
| 2011-09-30 | 71.10% |
| 2011-06-30 | 61.35% |
| 2011-03-31 | 78.17% |
| 2010-12-31 | 69.19% |
| 2010-09-30 | 61.66% |
| 2010-06-30 | 50.11% |
| 2010-03-31 | 51.25% |
| 2009-12-31 | 51.71% |
| 2009-09-30 | 51.40% |
| 2009-06-30 | 52.38% |
| 2009-03-31 | 54.47% |
| 2008-12-31 | 41.56% |
| 2008-09-30 | 32.08% |
| 2008-06-30 | 30.47% |
| 2008-03-31 | 31.32% |
| 2007-12-31 | 24.89% |
| 2007-09-30 | 25.46% |
| 2007-06-30 | 24.98% |
| 2007-03-31 | 25.04% |
| 2006-12-31 | 27.61% |
| 2006-09-30 | 28.23% |
| 2006-06-30 | 29.36% |
| 2006-03-31 | 29.89% |
| 2005-12-31 | 29.18% |
| 2005-09-30 | 29.23% |
| 2005-06-30 | 28.25% |
| 2005-03-31 | 26.10% |
| 2004-12-31 | 26.03% |
| 2004-09-30 | 26.36% |
| 2004-06-30 | 24.48% |
| 2004-03-31 | 23.47% |
| 2003-12-31 | 24.47% |
| 2003-09-30 | 23.80% |
| 2003-06-30 | 23.01% |