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 10.85% is 463% above its 5-year average of -2.99%, near the high end of its 5-year range (-27.43%–10.85%).
As of the fiscal period ended Tuesday, June 30, 2026. 27.36% above its 12-month average of 8.52%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 10.85%.
RETURN ON INVESTED CAPITAL (ROIC)
10.85%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
8.52%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
1.09%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
-2.99%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
6.39%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
11.00%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
11.63%
CURRENT VS TTM AVG
+27.36%
CURRENT VS 3Y AVG
+897.44%
CURRENT VS 5Y AVG
+463.22%
CURRENT VS 10Y AVG
+69.79%
CURRENT VS 15Y AVG
-1.33%
CURRENT VS 20Y AVG
-6.68%
SECTOR MEDIAN · CONSUMER DEFENSIVE
5.78%
median of 128 covered companies
CURRENT VS SECTOR MEDIAN
+87.87%
vs the sector median at left
American Public Education, Inc.
Market Cap
$822.37M
Return on Invested Capital (ROIC)
10.85%
TTM Avg
8.52%
3Y Avg
1.09%
5Y Avg
-2.99%
Market Cap
$795.62M
Return on Invested Capital (ROIC)
12.11%
TTM Avg
12.40%
3Y Avg
14.98%
5Y Avg
15.58%
Market Cap
$707.95M
Return on Invested Capital (ROIC)
6.33%
TTM Avg
4.39%
3Y Avg
5.75%
5Y Avg
7.26%
Market Cap
$613.58M
Return on Invested Capital (ROIC)
4.03%
TTM Avg
10.61%
3Y Avg
13.46%
5Y Avg
14.61%
Market Cap
$598.02M
Return on Invested Capital (ROIC)
-14.49%
TTM Avg
5.94%
3Y Avg
6.93%
5Y Avg
9.05%
Market Cap
$1.06B
Return on Invested Capital (ROIC)
3.56%
TTM Avg
5.67%
3Y Avg
6.27%
5Y Avg
5.92%
Market Cap
$562.46M
Return on Invested Capital (ROIC)
-6.11%
TTM Avg
-6.71%
3Y Avg
-17.10%
5Y Avg
-15.35%
Market Cap
$1.10B
Return on Invested Capital (ROIC)
-0.55%
TTM Avg
19.34%
3Y Avg
18.35%
5Y Avg
18.43%
Market Cap
$1.13B
Return on Invested Capital (ROIC)
7.60%
TTM Avg
-8.09%
3Y Avg
-0.82%
5Y Avg
0.75%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| American Public Education, Inc. (APEI) | $822.37M | 10.85% | 8.52% | 1.09% | -2.99% |
| John B. Sanfilippo & Son, Inc. (JBSS)vs › | $795.62M | 12.11% | 12.40% | 14.98% | 15.58% |
| Lincoln Educational Services Corporation (LINC)vs › | $707.95M | 6.33% | 4.39% | 5.75% | 7.26% |
| Mama's Creations, Inc. (MAMA)vs › | $613.58M | 4.03% | 10.61% | 13.46% | 14.61% |
| Helen of Troy Limited (HELE)vs › | $598.02M | -14.49% | 5.94% | 6.93% | 9.05% |
| Universal Corporation (UVV)vs › | $1.06B | 3.56% | 5.67% | 6.27% | 5.92% |
| The Honest Company, Inc. (HNST)vs › | $562.46M | -6.11% | -6.71% | -17.10% | -15.35% |
| Oddity Tech Ltd. (ODD)vs › | $1.10B | -0.55% | 19.34% | 18.35% | 18.43% |
| Grocery Outlet Holding Corp. (GO)vs › | $1.13B | 7.60% | -8.09% | -0.82% | 0.75% |
| Krispy Kreme, Inc. (DNUT)vs › | $512.89M | -0.72% | -0.83% | -0.17% | 0.09% |
ROIC
10.8%
ROE
14.5%
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 | 10.85% |
| 2026-03-31 | 9.81% |
| 2025-12-31 | 7.23% |
| 2025-09-30 | 7.93% |
| 2025-06-30 | 6.78% |
| 2025-03-31 | 5.49% |
| 2024-12-31 | 4.09% |
| 2024-09-30 | 4.34% |
| 2024-06-30 | 3.71% |
| 2024-03-31 | -7.88% |
| 2023-12-31 | -9.99% |
| 2023-09-30 | -13.64% |
| 2023-06-30 | -14.57% |
| 2023-03-31 | -27.43% |
| 2022-12-31 | -21.84% |
| 2022-09-30 | -20.51% |
| 2022-06-30 | -20.04% |
| 2022-03-31 | 2.60% |
| 2021-12-31 | 3.21% |
| 2021-09-30 | 2.62% |
| 2021-06-30 | 4.51% |
| 2021-03-31 | 5.85% |
| 2020-12-31 | 5.71% |
| 2020-09-30 | 5.26% |
| 2020-06-30 | 4.13% |
| 2020-03-31 | 3.45% |
| 2019-12-31 | 4.59% |
| 2019-09-30 | 5.59% |
| 2019-06-30 | 7.16% |
| 2019-03-31 | 7.64% |
| 2018-12-31 | 7.35% |
| 2018-09-30 | 8.31% |
| 2018-06-30 | 8.22% |
| 2018-03-31 | 7.77% |
| 2017-12-31 | 7.92% |
| 2017-09-30 | 6.71% |
| 2017-06-30 | 5.41% |
| 2017-03-31 | 6.46% |
| 2016-12-31 | 8.39% |
| 2016-09-30 | 9.73% |
| 2016-06-30 | 12.03% |
| 2016-03-31 | 12.58% |
| 2015-12-31 | 12.74% |
| 2015-09-30 | 13.57% |
| 2015-06-30 | 14.69% |
| 2015-03-31 | 15.35% |
| 2014-12-31 | 16.35% |
| 2014-09-30 | 15.80% |
| 2014-06-30 | 17.48% |
| 2014-03-31 | 17.81% |
| 2013-12-31 | 19.28% |
| 2013-09-30 | 21.83% |
| 2013-06-30 | 23.10% |
| 2013-03-31 | 23.40% |
| 2012-12-31 | 23.19% |
| 2012-09-30 | 25.48% |
| 2012-06-30 | 26.74% |
| 2012-03-31 | 27.57% |
| 2011-12-31 | 28.61% |
| 2011-09-30 | 28.98% |
| 2011-06-30 | 27.20% |
| 2011-03-31 | 26.81% |
| 2010-12-31 | 28.59% |
| 2010-09-30 | 27.58% |
| 2010-06-30 | 26.48% |
| 2010-03-31 | 27.50% |
| 2009-12-31 | 27.52% |
| 2009-09-30 | 26.57% |
| 2009-06-30 | 27.04% |
| 2009-03-31 | 27.70% |
| 2008-12-31 | 27.56% |
| 2008-09-30 | 26.69% |
| 2008-06-30 | 25.94% |
| 2008-03-31 | 24.99% |
| 2007-12-31 | 23.19% |
| 2007-09-30 | -40.90% |
| 2007-06-30 | -33.82% |
| 2007-03-31 | -19.25% |
| 2006-12-31 | 14.53% |
| 2005-12-31 | 13.53% |
