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 3.54% is 64% below its 5-year average of 9.94%, near the low end of its 5-year range (3.54%–21.09%).
As of the fiscal period ended Thursday, April 30, 2026. 23.69% below its 12-month average of 4.64%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
3.54%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
4.64%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
5.39%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
9.94%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
12.21%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
13.20%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
13.10%
CURRENT VS TTM AVG
-23.69%
CURRENT VS 3Y AVG
-34.40%
CURRENT VS 5Y AVG
-64.43%
CURRENT VS 10Y AVG
-71.03%
CURRENT VS 15Y AVG
-73.21%
CURRENT VS 20Y AVG
-72.99%
SECTOR MEDIAN · CONSUMER CYCLICAL
10.97%
median of 96 covered companies
CURRENT VS SECTOR MEDIAN
-67.77%
vs the sector median at left
Thor Industries, Inc.
Market Cap
$3.74B
Return on Invested Capital (ROIC)
3.54%
TTM Avg
4.64%
3Y Avg
5.39%
5Y Avg
9.94%
Market Cap
$3.01B
Return on Invested Capital (ROIC)
25.21%
TTM Avg
21.27%
3Y Avg
22.22%
5Y Avg
22.87%
Market Cap
$4.64B
Return on Invested Capital (ROIC)
9.74%
TTM Avg
8.22%
3Y Avg
8.38%
5Y Avg
7.13%
Market Cap
$2.84B
Return on Invested Capital (ROIC)
8.95%
TTM Avg
9.18%
3Y Avg
9.38%
5Y Avg
10.17%
Market Cap
$2.62B
Return on Invested Capital (ROIC)
3.49%
TTM Avg
2.10%
3Y Avg
-1.23%
5Y Avg
2.84%
Market Cap
$5.15B
Return on Invested Capital (ROIC)
7.19%
TTM Avg
5.48%
3Y Avg
4.37%
5Y Avg
4.22%
Market Cap
$5.33B
Return on Invested Capital (ROIC)
18.10%
TTM Avg
19.37%
3Y Avg
19.61%
5Y Avg
26.64%
Market Cap
$2.10B
Return on Invested Capital (ROIC)
22.24%
TTM Avg
26.25%
3Y Avg
27.78%
5Y Avg
34.33%
Market Cap
$1.99B
Return on Invested Capital (ROIC)
4.49%
TTM Avg
4.08%
3Y Avg
4.48%
5Y Avg
5.26%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Thor Industries, Inc. (THO) | $3.74B | 3.54% | 4.64% | 5.39% | 9.94% |
| Wingstop Inc. (WING)vs › | $3.01B | 25.21% | 21.27% | 22.22% | 22.87% |
| Vail Resorts, Inc. (MTN)vs › | $4.64B | 9.74% | 8.22% | 8.38% | 7.13% |
| American Eagle Outfitters, Inc. (AEO)vs › | $2.84B | 8.95% | 9.18% | 9.38% | 10.17% |
| Advance Auto Parts, Inc. (AAP)vs › | $2.62B | 3.49% | 2.10% | -1.23% | 2.84% |
| The Cheesecake Factory Incorporated (CAKE)vs › | $5.15B | 7.19% | 5.48% | 4.37% | 4.22% |
| Crocs, Inc. (CROX)vs › | $5.33B | 18.10% | 19.37% | 19.61% | 26.64% |
| The Buckle, Inc. (BKE)vs › | $2.10B | 22.24% | 26.25% | 27.78% | 34.33% |
| Kohl's Corporation (KSS)vs › | $1.99B | 4.49% | 4.08% | 4.48% | 5.26% |
| Macy's, Inc. (M)vs › | $5.66B | 6.67% | 6.23% | 5.01% | 8.15% |
ROIC
3.5%
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) |
|---|---|
| 2026-04-30 | 3.54% |
| 2026-01-31 | 5.08% |
| 2025-10-31 | 5.07% |
| 2025-07-31 | 4.73% |
| 2025-04-30 | 4.76% |
| 2025-01-31 | 4.59% |
| 2024-10-31 | 4.62% |
| 2024-07-31 | 5.89% |
| 2024-04-30 | 5.88% |
| 2024-01-31 | 6.09% |
| 2023-10-31 | 6.57% |
| 2023-07-31 | 7.89% |
| 2023-04-30 | 10.85% |
| 2023-01-31 | 14.55% |
| 2022-10-31 | 19.41% |
| 2022-07-31 | 21.09% |
| 2022-04-30 | 19.74% |
| 2022-01-31 | 16.77% |
| 2021-10-31 | 14.48% |
| 2021-07-31 | 14.58% |
| 2021-04-30 | 12.64% |
| 2021-01-31 | 9.83% |
| 2020-10-31 | 8.77% |
| 2020-07-31 | 7.36% |
| 2020-04-30 | 6.74% |
| 2020-01-31 | 7.51% |
| 2019-10-31 | 6.71% |
| 2019-07-31 | 6.13% |
| 2019-04-30 | 5.02% |
| 2019-01-31 | 15.26% |
| 2018-10-31 | 17.80% |
| 2018-07-31 | 21.38% |
| 2018-04-30 | 22.95% |
| 2018-01-31 | 23.15% |
| 2017-10-31 | 23.18% |
| 2017-07-31 | 21.19% |
| 2017-04-30 | 18.64% |
| 2017-01-31 | 17.46% |
| 2016-10-31 | 17.02% |
| 2016-07-31 | 15.77% |
| 2016-04-30 | 19.90% |
| 2016-01-31 | 19.71% |
| 2015-10-31 | 18.29% |
| 2015-07-31 | 17.82% |
| 2015-04-30 | 17.44% |
| 2015-01-31 | 17.49% |
| 2014-10-31 | 16.51% |
| 2014-07-31 | 16.64% |
| 2014-04-30 | 15.90% |
| 2014-01-31 | 16.28% |
| 2013-10-31 | 16.64% |
| 2013-07-31 | 15.69% |
| 2013-04-30 | 15.92% |
| 2013-01-31 | 15.26% |
| 2012-10-31 | 13.49% |
| 2012-07-31 | 12.95% |
| 2012-04-30 | 13.18% |
| 2012-01-31 | 13.40% |
| 2011-10-31 | 11.43% |
| 2011-07-31 | 11.26% |
| 2011-04-30 | 9.57% |
| 2011-01-31 | 9.38% |
| 2010-10-31 | 10.52% |
| 2010-07-31 | 12.76% |
| 2010-04-30 | 11.93% |
| 2010-01-31 | 8.59% |
| 2009-10-31 | 3.97% |
| 2009-07-31 | 1.46% |
| 2009-04-30 | 0.96% |
| 2009-01-31 | 3.19% |
| 2008-10-31 | 7.49% |
| 2008-07-31 | 11.75% |
| 2008-04-30 | 16.99% |
| 2008-01-31 | 18.48% |
| 2007-10-31 | 18.42% |
| 2007-07-31 | 16.41% |
| 2007-04-30 | 17.02% |
| 2007-01-31 | 20.11% |
| 2006-10-31 | 22.14% |
| 2006-07-31 | 22.92% |
| 2006-04-30 | 20.98% |
| 2006-01-31 | 19.79% |
| 2005-10-31 | 19.14% |
| 2005-07-31 | 19.24% |
| 2005-04-30 | 19.87% |
| 2005-01-31 | 20.73% |
| 2004-10-31 | 20.70% |
| 2004-07-31 | 19.63% |
| 2004-04-30 | 18.98% |
| 2004-01-31 | 17.28% |
| 2003-10-31 | 17.72% |
| 2003-07-31 | 18.40% |
| 2003-04-30 | 19.36% |
