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 7.64% is in line with its 5-year average of 7.79%, near the high end of its 5-year range (2.95%–8.58%).
As of the fiscal period ended Tuesday, June 30, 2026. 4.84% below its 12-month average of 8.03%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Quarter ended Jun 2026 (2026-06-30): 7.64%.
RETURN ON INVESTED CAPITAL (ROIC)
7.64%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
8.03%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
7.86%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
7.79%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
5.84%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
-4.84%
CURRENT VS 3Y AVG
-2.81%
CURRENT VS 5Y AVG
-1.92%
CURRENT VS 10Y AVG
+30.94%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · REAL ESTATE
4.67%
median of 41 covered companies
CURRENT VS SECTOR MEDIAN
+63.65%
vs the sector median at left
VICI Properties Inc.
Market Cap
$27.78B
Return on Invested Capital (ROIC)
7.64%
TTM Avg
8.03%
3Y Avg
7.86%
5Y Avg
7.79%
Market Cap
$28.65B
Return on Invested Capital (ROIC)
5.09%
TTM Avg
4.69%
3Y Avg
5.55%
5Y Avg
6.42%
Market Cap
$26.28B
Return on Invested Capital (ROIC)
3.93%
TTM Avg
4.32%
3Y Avg
4.24%
5Y Avg
3.99%
Market Cap
$23.87B
Return on Invested Capital (ROIC)
4.45%
TTM Avg
7.17%
3Y Avg
7.96%
5Y Avg
7.76%
Market Cap
$32.85B
Return on Invested Capital (ROIC)
9.63%
TTM Avg
-1.28%
3Y Avg
2.57%
5Y Avg
3.42%
Market Cap
$34.28B
Return on Invested Capital (ROIC)
6.34%
TTM Avg
5.03%
3Y Avg
5.38%
5Y Avg
5.55%
Market Cap
$19.81B
Return on Invested Capital (ROIC)
11.87%
TTM Avg
11.46%
3Y Avg
9.98%
5Y Avg
9.22%
Market Cap
$17.63B
Return on Invested Capital (ROIC)
4.34%
TTM Avg
5.87%
3Y Avg
5.39%
5Y Avg
4.94%
Market Cap
$16.74B
Return on Invested Capital (ROIC)
4.67%
TTM Avg
4.02%
3Y Avg
3.82%
5Y Avg
3.49%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| VICI Properties Inc. (VICI) | $27.78B | 7.64% | 8.03% | 7.86% | 7.79% |
| Extra Space Storage Inc. (EXR)vs › | $28.65B | 5.09% | 4.69% | 5.55% | 6.42% |
| AvalonBay Communities, Inc. (AVB)vs › | $26.28B | 3.93% | 4.32% | 4.24% | 3.99% |
| Equity Residential (EQR)vs › | $23.87B | 4.45% | 7.17% | 7.96% | 7.76% |
| Crown Castle Inc. (CCI)vs › | $32.85B | 9.63% | -1.28% | 2.57% | 3.42% |
| Iron Mountain Incorporated (IRM)vs › | $34.28B | 6.34% | 5.03% | 5.38% | 5.55% |
| SBA Communications Corporation (SBAC)vs › | $19.81B | 11.87% | 11.46% | 9.98% | 9.22% |
| Essex Property Trust, Inc. (ESS)vs › | $17.63B | 4.34% | 5.87% | 5.39% | 4.94% |
| Invitation Homes Inc. (INVH)vs › | $16.74B | 4.67% | 4.02% | 3.82% | 3.49% |
| Weyerhaeuser Company (WY)vs › | $16.29B | 3.67% | 3.48% | 7.17% | 9.13% |
ROIC
7.6%
ROE
9.5%
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 | 7.64% |
| 2026-03-31 | 8.58% |
| 2025-12-31 | 7.94% |
| 2025-09-30 | 7.99% |
| 2025-06-30 | 8.01% |
| 2025-03-31 | 7.78% |
| 2024-12-31 | 7.90% |
| 2024-09-30 | 8.28% |
| 2024-06-30 | 7.93% |
| 2024-03-31 | 7.86% |
| 2023-12-31 | 7.71% |
| 2023-09-30 | 7.46% |
| 2023-06-30 | 6.87% |
| 2023-03-31 | 4.94% |
| 2022-12-31 | 4.40% |
| 2022-09-30 | 3.33% |
| 2022-06-30 | 2.95% |
| 2022-03-31 | 6.34% |
| 2021-12-31 | 8.35% |
| 2021-09-30 | 8.45% |
| 2021-06-30 | 7.37% |
| 2021-03-31 | 6.98% |
| 2020-12-31 | 5.41% |
| 2020-09-30 | 4.58% |
| 2020-06-30 | 5.16% |
| 2020-03-31 | 4.93% |
| 2019-12-31 | 6.45% |
| 2019-09-30 | 6.54% |
| 2019-06-30 | 6.35% |
| 2019-03-31 | 6.81% |
| 2018-12-31 | 6.79% |
| 2018-09-30 | 5.66% |
| 2018-06-30 | 4.20% |
| 2018-03-31 | 2.70% |
| 2017-12-31 | 1.47% |
| 2017-09-30 | 2.72% |
| 2017-06-30 | 1.84% |
| 2017-03-31 | 0.92% |
| 2016-12-31 | 0.01% |
