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 71.23% is 107% above its 5-year average of 34.43%, near the high end of its 5-year range (-0.58%–71.23%).
As of the fiscal period ended Tuesday, June 30, 2026. 21.63% above its 12-month average of 58.56%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
71.23%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
58.56%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
46.50%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
34.43%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
23.58%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
20.31%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
19.26%
CURRENT VS TTM AVG
+21.63%
CURRENT VS 3Y AVG
+53.19%
CURRENT VS 5Y AVG
+106.88%
CURRENT VS 10Y AVG
+202.11%
CURRENT VS 15Y AVG
+250.76%
CURRENT VS 20Y AVG
+269.88%
SECTOR MEDIAN · CONSUMER CYCLICAL
10.97%
median of 96 covered companies
CURRENT VS SECTOR MEDIAN
+549.02%
vs the sector median at left
Booking Holdings Inc.
Market Cap
$133.68B
Return on Invested Capital (ROIC)
71.23%
TTM Avg
58.56%
3Y Avg
46.50%
5Y Avg
34.43%
Market Cap
$140.00B
Return on Invested Capital (ROIC)
24.37%
TTM Avg
22.94%
3Y Avg
22.04%
5Y Avg
18.45%
Market Cap
$114.76B
Return on Invested Capital (ROIC)
10.00%
TTM Avg
13.23%
3Y Avg
16.04%
5Y Avg
14.19%
Market Cap
$112.50B
Return on Invested Capital (ROIC)
21.02%
TTM Avg
24.13%
3Y Avg
26.29%
5Y Avg
26.80%
Market Cap
$112.08B
Return on Invested Capital (ROIC)
17.16%
TTM Avg
23.32%
3Y Avg
22.85%
5Y Avg
14.25%
Market Cap
$101.22B
Return on Invested Capital (ROIC)
20.73%
TTM Avg
19.29%
3Y Avg
18.51%
5Y Avg
2.19%
Market Cap
$94.83B
Return on Invested Capital (ROIC)
11.63%
TTM Avg
15.13%
3Y Avg
13.90%
5Y Avg
10.34%
Market Cap
$173.26B
Return on Invested Capital (ROIC)
19.98%
TTM Avg
21.09%
3Y Avg
22.36%
5Y Avg
21.19%
Market Cap
$94.10B
Return on Invested Capital (ROIC)
4.74%
TTM Avg
8.93%
3Y Avg
10.48%
5Y Avg
8.33%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Booking Holdings Inc. (BKNG) | $133.68B | 71.23% | 58.56% | 46.50% | 34.43% |
| The TJX Companies, Inc. (TJX)vs › | $140.00B | 24.37% | 22.94% | 22.04% | 18.45% |
| Starbucks Corporation (SBUX)vs › | $114.76B | 10.00% | 13.23% | 16.04% | 14.19% |
| Lowe's Companies, Inc. (LOW)vs › | $112.50B | 21.02% | 24.13% | 26.29% | 26.80% |
| PDD Holdings Inc. (PDD)vs › | $112.08B | 17.16% | 23.32% | 22.85% | 14.25% |
| Airbnb, Inc. (ABNB)vs › | $101.22B | 20.73% | 19.29% | 18.51% | 2.19% |
| MercadoLibre, Inc. (MELI)vs › | $94.83B | 11.63% | 15.13% | 13.90% | 10.34% |
| Hermes International Societe en commandite par actions Unsponsored ADR (HESAY)vs › | $173.26B | 19.98% | 21.09% | 22.36% | 21.19% |
| BYD Company Limited (BYDDY)vs › | $94.10B | 4.74% | 8.93% | 10.48% | 8.33% |
| McDonald's Corporation (MCD)vs › | $181.58B | 17.85% | 17.90% | 17.47% | 16.44% |
ROIC
71.2%
ROE
N/A
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 | 71.23% |
| 2026-03-31 | 68.24% |
| 2025-12-31 | 50.82% |
| 2025-09-30 | 51.42% |
| 2025-06-30 | 51.11% |
| 2025-03-31 | 55.06% |
| 2024-12-31 | 44.14% |
| 2024-09-30 | 38.48% |
| 2024-06-30 | 36.16% |
| 2024-03-31 | 33.76% |
| 2023-12-31 | 35.20% |
| 2023-09-30 | 36.30% |
| 2023-06-30 | 32.55% |
| 2023-03-31 | 28.45% |
| 2022-12-31 | 22.87% |
| 2022-09-30 | 23.18% |
| 2022-06-30 | 19.35% |
| 2022-03-31 | 10.68% |
| 2021-12-31 | 10.24% |
| 2021-09-30 | 4.39% |
| 2021-06-30 | -0.58% |
| 2021-03-31 | -2.09% |
| 2020-12-31 | -1.79% |
| 2020-09-30 | 2.90% |
| 2020-06-30 | 11.90% |
| 2020-03-31 | 24.25% |
| 2019-12-31 | 25.64% |
| 2019-09-30 | 26.40% |
| 2019-06-30 | 26.53% |
| 2019-03-31 | 23.94% |
| 2018-12-31 | 23.08% |
| 2018-09-30 | 13.95% |
| 2018-06-30 | 13.26% |
| 2018-03-31 | 12.05% |
| 2017-12-31 | 11.01% |
| 2017-09-30 | 15.92% |
| 2017-06-30 | 11.91% |
| 2017-03-31 | 11.77% |
| 2016-12-31 | 12.74% |
| 2016-09-30 | 11.74% |
| 2016-06-30 | 16.16% |
| 2016-03-31 | 16.82% |
| 2015-12-31 | 16.63% |
| 2015-09-30 | 17.25% |
| 2015-06-30 | 16.20% |
| 2015-03-31 | 16.48% |
| 2014-12-31 | 18.31% |
| 2014-09-30 | 17.87% |
| 2014-06-30 | 21.85% |
| 2014-03-31 | 21.91% |
| 2013-12-31 | 21.58% |
| 2013-09-30 | 20.45% |
| 2013-06-30 | 18.99% |
| 2013-03-31 | 26.79% |
| 2012-12-31 | 26.28% |
| 2012-09-30 | 26.71% |
| 2012-06-30 | 27.57% |
| 2012-03-31 | 26.95% |
| 2011-12-31 | 32.22% |
| 2011-09-30 | 31.81% |
| 2011-06-30 | 27.78% |
| 2011-03-31 | 24.87% |
| 2010-12-31 | 22.87% |
| 2010-09-30 | 22.36% |
| 2010-06-30 | 28.67% |
| 2010-03-31 | 26.64% |
| 2009-12-31 | 29.70% |
| 2009-09-30 | 26.09% |
| 2009-06-30 | 17.12% |
| 2009-03-31 | 17.50% |
| 2008-12-31 | 17.46% |
| 2008-09-30 | 15.61% |
| 2008-06-30 | 16.90% |
| 2008-03-31 | 15.26% |
| 2007-12-31 | 11.25% |
| 2007-09-30 | 9.03% |
| 2007-06-30 | 5.73% |
| 2007-03-31 | 3.14% |
| 2006-12-31 | 6.17% |
| 2006-09-30 | 5.96% |
| 2006-06-30 | 5.07% |
| 2006-03-31 | 4.30% |
| 2005-12-31 | 5.25% |
| 2005-09-30 | 5.09% |
| 2005-06-30 | 6.70% |
| 2005-03-31 | 6.59% |
| 2004-12-31 | 6.50% |
| 2004-09-30 | 5.85% |
| 2004-06-30 | 6.06% |
| 2004-03-31 | 6.84% |
| 2003-12-31 | 2.50% |
| 2003-09-30 | -0.66% |
| 2003-06-30 | -22.40% |
