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 0.96% is 57% below its 5-year average of 2.23%, near the low end of its 5-year range (0.54%–2.75%).
As of the fiscal period ended Tuesday, June 30, 2026. 37.53% below its 12-month average of 1.54%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
0.96%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
1.54%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
2.33%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
2.23%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
2.87%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
3.03%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
3.26%
CURRENT VS TTM AVG
-37.53%
CURRENT VS 3Y AVG
-58.77%
CURRENT VS 5Y AVG
-56.78%
CURRENT VS 10Y AVG
-66.42%
CURRENT VS 15Y AVG
-68.30%
CURRENT VS 20Y AVG
-70.45%
SECTOR MEDIAN · REAL ESTATE
4.67%
median of 41 covered companies
CURRENT VS SECTOR MEDIAN
-79.40%
vs the sector median at left
Welltower Inc.
Market Cap
$171.02B
Return on Invested Capital (ROIC)
0.96%
TTM Avg
1.54%
3Y Avg
2.33%
5Y Avg
2.23%
Market Cap
$129.22B
Return on Invested Capital (ROIC)
3.37%
TTM Avg
4.08%
3Y Avg
3.98%
5Y Avg
4.14%
Market Cap
$102.74B
Return on Invested Capital (ROIC)
4.99%
TTM Avg
3.89%
3Y Avg
3.86%
5Y Avg
3.64%
Market Cap
$81.88B
Return on Invested Capital (ROIC)
7.27%
TTM Avg
6.86%
3Y Avg
5.64%
5Y Avg
5.49%
Market Cap
$70.11B
Return on Invested Capital (ROIC)
2.25%
TTM Avg
1.16%
3Y Avg
1.23%
5Y Avg
1.39%
Market Cap
$68.71B
Return on Invested Capital (ROIC)
8.81%
TTM Avg
9.56%
3Y Avg
9.08%
5Y Avg
8.33%
Market Cap
$56.90B
Return on Invested Capital (ROIC)
2.24%
TTM Avg
2.69%
3Y Avg
2.70%
5Y Avg
2.77%
Market Cap
$56.24B
Return on Invested Capital (ROIC)
11.74%
TTM Avg
11.48%
3Y Avg
11.91%
5Y Avg
11.67%
Market Cap
$43.71B
Return on Invested Capital (ROIC)
2.81%
TTM Avg
2.95%
3Y Avg
2.44%
5Y Avg
2.34%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Welltower Inc. (WELL) | $171.02B | 0.96% | 1.54% | 2.33% | 2.23% |
| Prologis, Inc. (PLD)vs › | $129.22B | 3.37% | 4.08% | 3.98% | 4.14% |
| Equinix, Inc. (EQIX)vs › | $102.74B | 4.99% | 3.89% | 3.86% | 3.64% |
| American Tower Corporation (AMT)vs › | $81.88B | 7.27% | 6.86% | 5.64% | 5.49% |
| Digital Realty Trust, Inc. (DLR)vs › | $70.11B | 2.25% | 1.16% | 1.23% | 1.39% |
| Simon Property Group, Inc. (SPG)vs › | $68.71B | 8.81% | 9.56% | 9.08% | 8.33% |
| Realty Income Corporation (O)vs › | $56.90B | 2.24% | 2.69% | 2.70% | 2.77% |
| Public Storage (PSA)vs › | $56.24B | 11.74% | 11.48% | 11.91% | 11.67% |
| Ventas, Inc. (VTR)vs › | $43.71B | 2.81% | 2.95% | 2.44% | 2.34% |
| CBRE Group, Inc. (CBRE)vs › | $41.19B | 5.77% | 6.20% | 7.03% | 7.10% |
ROIC
1.0%
ROE
2.9%
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 | 0.96% |
| 2026-03-31 | 0.82% |
| 2025-12-31 | 0.54% |
| 2025-09-30 | 2.75% |
| 2025-06-30 | 2.63% |
| 2025-03-31 | 2.35% |
| 2024-12-31 | 2.30% |
| 2024-09-30 | 2.37% |
| 2024-06-30 | 2.35% |
| 2024-03-31 | 2.37% |
| 2023-12-31 | 2.15% |
| 2023-09-30 | 2.10% |
| 2023-06-30 | 1.96% |
| 2023-03-31 | 1.97% |
| 2022-12-31 | 1.94% |
| 2022-09-30 | 2.00% |
| 2022-06-30 | 2.19% |
| 2022-03-31 | 2.29% |
| 2021-12-31 | 2.20% |
| 2021-09-30 | 2.17% |
| 2021-06-30 | 1.97% |
| 2021-03-31 | 1.93% |
| 2020-12-31 | 2.26% |
| 2020-09-30 | 2.81% |
| 2020-06-30 | 3.36% |
| 2020-03-31 | 3.74% |
| 2019-12-31 | 3.76% |
| 2019-09-30 | 3.99% |
| 2019-06-30 | 3.81% |
| 2019-03-31 | 3.90% |
| 2018-12-31 | 3.88% |
| 2018-09-30 | 3.13% |
| 2018-06-30 | 3.51% |
| 2018-03-31 | 3.75% |
| 2017-12-31 | 3.72% |
| 2017-09-30 | 4.38% |
| 2017-06-30 | 4.56% |
| 2017-03-31 | 4.74% |
| 2016-12-31 | 4.66% |
| 2016-09-30 | 4.56% |
| 2016-06-30 | 4.62% |
| 2016-03-31 | 4.45% |
| 2015-12-31 | 4.35% |
| 2015-09-30 | 4.41% |
| 2015-06-30 | 4.22% |
| 2015-03-31 | 4.00% |
| 2014-12-31 | 3.88% |
| 2014-09-30 | 3.54% |
| 2014-06-30 | 3.19% |
| 2014-03-31 | 3.06% |
| 2013-12-31 | 2.83% |
| 2013-09-30 | 2.69% |
| 2013-06-30 | 2.71% |
| 2013-03-31 | 2.75% |
| 2012-12-31 | 2.90% |
| 2012-09-30 | 2.74% |
| 2012-06-30 | 3.08% |
| 2012-03-31 | 3.17% |
| 2011-12-31 | 3.08% |
| 2011-09-30 | 3.55% |
| 2011-06-30 | 3.05% |
| 2011-03-31 | 2.67% |
| 2010-12-31 | 3.56% |
| 2010-09-30 | 3.61% |
| 2010-06-30 | 4.32% |
| 2010-03-31 | 4.42% |
| 2009-12-31 | 4.63% |
| 2009-09-30 | 5.00% |
| 2009-06-30 | 5.08% |
| 2009-03-31 | 5.08% |
| 2008-12-31 | 4.93% |
| 2008-09-30 | 4.00% |
| 2008-06-30 | 3.80% |
| 2008-03-31 | 3.76% |
| 2007-12-31 | 3.84% |
| 2007-09-30 | 3.83% |
| 2007-06-30 | 3.20% |
| 2007-03-31 | 2.88% |
| 2006-12-31 | 2.55% |
| 2006-09-30 | 3.69% |
| 2006-06-30 | 3.77% |
| 2006-03-31 | 3.34% |
| 2005-12-31 | 3.28% |
| 2005-09-30 | 2.39% |
| 2005-06-30 | 2.28% |
| 2005-03-31 | 3.17% |
| 2004-12-31 | 3.12% |
| 2004-09-30 | 3.44% |
| 2004-06-30 | 3.70% |
| 2004-03-31 | 3.55% |
| 2003-12-31 | 3.45% |
| 2003-09-30 | 3.35% |
| 2003-06-30 | 3.74% |
