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 2.08% is 47% below its 5-year average of 3.92%, near the low end of its 5-year range (2.08%–9.55%).
As of the fiscal period ended Tuesday, June 30, 2026. 48.55% below its 12-month average of 4.05%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 2.08%.
RETURN ON INVESTED CAPITAL (ROIC)
2.08%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
4.05%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
4.31%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
3.92%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
4.43%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
6.26%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
11.49%
CURRENT VS TTM AVG
-48.55%
CURRENT VS 3Y AVG
-51.64%
CURRENT VS 5Y AVG
-46.78%
CURRENT VS 10Y AVG
-52.92%
CURRENT VS 15Y AVG
-66.70%
CURRENT VS 20Y AVG
-81.86%
SECTOR MEDIAN · COMMUNICATION SERVICES
6.56%
median of 34 covered companies
CURRENT VS SECTOR MEDIAN
-68.25%
vs the sector median at left
Baidu, Inc.
Market Cap
$28.68B
Return on Invested Capital (ROIC)
2.08%
TTM Avg
4.05%
3Y Avg
4.31%
5Y Avg
3.92%
Market Cap
$28.46B
Return on Invested Capital (ROIC)
23.61%
TTM Avg
-5.53%
3Y Avg
-8.04%
5Y Avg
-8.91%
Market Cap
$27.31B
Return on Invested Capital (ROIC)
12.80%
TTM Avg
12.36%
3Y Avg
11.09%
5Y Avg
10.65%
Market Cap
$24.51B
Return on Invested Capital (ROIC)
16.04%
TTM Avg
13.98%
3Y Avg
11.90%
5Y Avg
11.19%
Market Cap
$23.78B
Return on Invested Capital (ROIC)
-10.56%
TTM Avg
-16.72%
3Y Avg
-34.88%
5Y Avg
-31.08%
Market Cap
$22.61B
Return on Invested Capital (ROIC)
7.56%
TTM Avg
-3.63%
3Y Avg
-12.34%
5Y Avg
-7.26%
Market Cap
$20.34B
Return on Invested Capital (ROIC)
7.04%
TTM Avg
9.14%
3Y Avg
10.96%
5Y Avg
11.24%
Market Cap
$39.27B
Return on Invested Capital (ROIC)
3.73%
TTM Avg
7.85%
3Y Avg
7.53%
5Y Avg
0.14%
Market Cap
$17.33B
Return on Invested Capital (ROIC)
5.72%
TTM Avg
6.71%
3Y Avg
6.00%
5Y Avg
7.24%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Baidu, Inc. (BIDU) | $28.68B | 2.08% | 4.05% | 4.31% | 3.92% |
| Reddit, Inc. (RDDT)vs › | $28.46B | 23.61% | -5.53% | -8.04% | -8.91% |
| Fox Corporation (FOXA)vs › | $27.31B | 12.80% | 12.36% | 11.09% | 10.65% |
| Fox Corporation (FOX)vs › | $24.51B | 16.04% | 13.98% | 11.90% | 11.19% |
| AST SpaceMobile, Inc. (ASTS)vs › | $23.78B | -10.56% | -16.72% | -34.88% | -31.08% |
| Roku, Inc. (ROKU)vs › | $22.61B | 7.56% | -3.63% | -12.34% | -7.26% |
| Omnicom Group Inc. (OMC)vs › | $20.34B | 7.04% | 9.14% | 10.96% | 11.24% |
| Live Nation Entertainment, Inc. (LYV)vs › | $39.27B | 3.73% | 7.85% | 7.53% | 0.14% |
| News Corporation (NWS)vs › | $17.33B | 5.72% | 6.71% | 6.00% | 7.24% |
| News Corporation (NWSA)vs › | $16.10B | 5.72% | 5.46% | 4.42% | 4.67% |
ROIC
2.1%
ROE
-1.2%
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 | 2.08% |
| 2026-03-31 | 9.55% |
| 2025-12-31 | 2.09% |
| 2025-09-30 | 2.67% |
| 2025-06-30 | 3.86% |
| 2025-03-31 | 4.38% |
| 2024-12-31 | 4.99% |
| 2024-09-30 | 5.55% |
| 2024-06-30 | 5.64% |
| 2024-03-31 | 5.37% |
| 2023-12-31 | 5.32% |
| 2023-09-30 | 5.11% |
| 2023-06-30 | 4.66% |
| 2023-03-31 | 4.29% |
| 2022-12-31 | 3.61% |
| 2022-09-30 | 2.42% |
| 2022-06-30 | 3.20% |
| 2022-03-31 | 3.17% |
| 2021-12-31 | 2.24% |
| 2021-09-30 | 3.24% |
| 2021-06-30 | 4.42% |
| 2021-03-31 | 4.69% |
| 2020-12-31 | 4.09% |
| 2020-09-30 | 4.46% |
| 2020-06-30 | 2.21% |
| 2020-03-31 | 2.73% |
| 2019-12-31 | 2.46% |
| 2019-09-30 | 1.09% |
| 2019-06-30 | 1.48% |
| 2019-03-31 | 3.08% |
| 2018-12-31 | 5.34% |
| 2018-09-30 | 7.27% |
| 2018-06-30 | 7.54% |
| 2018-03-31 | 7.76% |
| 2017-12-31 | 7.41% |
| 2017-09-30 | 6.49% |
| 2017-06-30 | 5.89% |
| 2017-03-31 | 4.62% |
| 2016-12-31 | 5.72% |
| 2016-09-30 | 7.13% |
| 2016-06-30 | 7.30% |
| 2016-03-31 | 8.11% |
| 2015-12-31 | 8.35% |
| 2015-09-30 | 9.36% |
| 2015-06-30 | 10.24% |
| 2015-03-31 | 12.49% |
| 2014-12-31 | 13.30% |
| 2014-09-30 | 14.19% |
| 2014-06-30 | 14.36% |
| 2014-03-31 | 15.87% |
| 2013-12-31 | 15.59% |
| 2013-09-30 | 16.93% |
| 2013-06-30 | 20.63% |
| 2013-03-31 | 22.78% |
| 2012-12-31 | 23.99% |
| 2012-09-30 | 33.13% |
| 2012-06-30 | 33.79% |
| 2012-03-31 | 33.73% |
| 2011-12-31 | 33.07% |
| 2010-06-30 | 28.25% |
| 2010-03-31 | 24.25% |
| 2009-12-31 | 20.71% |
| 2009-09-30 | 16.01% |
| 2009-06-30 | 14.60% |
| 2009-03-31 | 13.27% |
| 2008-12-31 | 12.45% |
| 2008-09-30 | 31.98% |
| 2008-06-30 | 29.22% |
| 2008-03-31 | 27.23% |
| 2007-12-31 | 26.35% |
| 2007-09-30 | 25.97% |
| 2007-06-30 | 23.45% |
| 2007-03-31 | 20.49% |
| 2006-12-31 | 18.26% |
| 2006-09-30 | 9.51% |
| 2006-06-30 | 4.45% |
| 2006-03-31 | 1.13% |
| 2005-12-31 | -0.93% |
| 2005-09-30 | -5.03% |
| 2005-06-30 | -13.82% |
| 2005-03-31 | -7.21% |
| 2004-12-31 | 5.29% |
| 2003-12-31 | -16.36% |
