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 5.77% is 39% above its 5-year average of 4.14%, near the high end of its 5-year range (-1.29%–5.77%).
As of the fiscal period ended Wednesday, December 31, 2025. 6.75% above its 12-month average of 5.40%.
Annual fiscal-year return on invested capital; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
5.77%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
5.40%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
3.71%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
4.14%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
4.54%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
4.74%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
4.88%
CURRENT VS TTM AVG
+6.75%
CURRENT VS 3Y AVG
+55.32%
CURRENT VS 5Y AVG
+39.26%
CURRENT VS 10Y AVG
+27.07%
CURRENT VS 15Y AVG
+21.73%
CURRENT VS 20Y AVG
+18.25%
SECTOR MEDIAN · COMMUNICATION SERVICES
6.32%
median of 28 covered companies
CURRENT VS SECTOR MEDIAN
-8.70%
vs the sector median at left
AT&T Inc.
Market Cap
$159.44B
Return on Invested Capital (ROIC)
5.77%
TTM Avg
5.40%
3Y Avg
3.71%
5Y Avg
4.14%
Market Cap
$167.08B
Return on Invested Capital (ROIC)
8.11%
TTM Avg
6.74%
3Y Avg
4.90%
5Y Avg
3.95%
Market Cap
$185.26B
Return on Invested Capital (ROIC)
7.04%
TTM Avg
7.04%
3Y Avg
5.58%
5Y Avg
4.72%
Market Cap
$195.46B
Return on Invested Capital (ROIC)
6.22%
TTM Avg
6.55%
3Y Avg
6.47%
5Y Avg
6.89%
Market Cap
$102.80B
Return on Invested Capital (ROIC)
21.05%
TTM Avg
18.19%
3Y Avg
2.45%
5Y Avg
0.41%
Market Cap
$85.47B
Return on Invested Capital (ROIC)
5.29%
TTM Avg
2.48%
3Y Avg
-4.46%
5Y Avg
-5.82%
Market Cap
$85.03B
Return on Invested Capital (ROIC)
6.42%
TTM Avg
7.49%
3Y Avg
6.93%
5Y Avg
6.52%
Market Cap
$65.94B
Return on Invested Capital (ROIC)
0.68%
TTM Avg
-5.14%
3Y Avg
-4.11%
5Y Avg
-0.80%
Market Cap
$40.52B
Return on Invested Capital (ROIC)
7.87%
TTM Avg
7.79%
3Y Avg
7.46%
5Y Avg
0.23%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| AT&T Inc. (T) | $159.44B | 5.77% | 5.40% | 3.71% | 4.14% |
| The Walt Disney Company (DIS)vs › | $167.08B | 8.11% | 6.74% | 4.90% | 3.95% |
| T-Mobile US, Inc. (TMUS)vs › | $185.26B | 7.04% | 7.04% | 5.58% | 4.72% |
| Verizon Communications Inc. (VZ)vs › | $195.46B | 6.22% | 6.55% | 6.47% | 6.89% |
| Spotify Technology S.A. (SPOT)vs › | $102.80B | 21.05% | 18.19% | 2.45% | 0.41% |
| DoorDash, Inc. (DASH)vs › | $85.47B | 5.29% | 2.48% | -4.46% | -5.82% |
| Comcast Corporation (CMCSA)vs › | $85.03B | 6.42% | 7.49% | 6.93% | 6.52% |
| Warner Bros. Discovery, Inc. (WBD)vs › | $65.94B | 0.68% | -5.14% | -4.11% | -0.80% |
| Live Nation Entertainment, Inc. (LYV)vs › | $40.52B | 7.87% | 7.79% | 7.46% | 0.23% |
| Reddit, Inc. (RDDT)vs › | $27.08B | 14.86% | -5.48% | -8.00% | -8.84% |
ROIC
5.8%
ROE
19.5%
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 | 5.77% |
| 2024-12-31 | 5.04% |
| 2023-12-31 | 5.34% |
| 2022-12-31 | -1.29% |
| 2021-12-31 | 4.48% |
| 2020-12-31 | 5.52% |
| 2019-12-31 | 4.98% |
| 2018-12-31 | 4.58% |
| 2017-12-31 | 5.86% |
| 2016-12-31 | 4.80% |
| 2015-12-31 | 4.87% |
| 2014-12-31 | 3.42% |
| 2013-12-31 | 8.20% |
| 2012-12-31 | 3.85% |
| 2011-12-31 | 3.11% |
| 2010-12-31 | 8.10% |
| 2009-12-31 | 5.90% |
| 2008-12-31 | 6.60% |
| 2007-12-31 | 5.88% |
| 2006-12-31 | 3.12% |
| 2005-12-31 | 4.71% |
| 2004-12-31 | 4.29% |
| 2003-12-31 | 4.81% |
| 2002-12-31 | 7.21% |
| 2001-12-31 | 8.26% |
| 2000-12-31 | 8.22% |
| 1999-12-31 | 10.44% |
| 1998-12-31 | 11.77% |
| 1997-12-31 | 13.18% |
| 1996-12-31 | 11.89% |
