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 9.63% is 58% above its 5-year average of 6.11%, near the high end of its 5-year range (-9.76%–9.63%).
As of the fiscal period ended Tuesday, June 30, 2026. 1214.83% above its 12-month average of 0.73%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 9.63%.
RETURN ON INVESTED CAPITAL (ROIC)
9.63%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
0.73%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
1.64%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
6.11%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
4.95%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
4.93%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
4.44%
CURRENT VS TTM AVG
+1214.83%
CURRENT VS 3Y AVG
+487.76%
CURRENT VS 5Y AVG
+57.58%
CURRENT VS 10Y AVG
+94.35%
CURRENT VS 15Y AVG
+95.16%
CURRENT VS 20Y AVG
+116.85%
SECTOR MEDIAN · REAL ESTATE
4.78%
median of 40 covered companies
CURRENT VS SECTOR MEDIAN
+101.46%
vs the sector median at left
Crown Castle Inc.
Market Cap
$32.85B
Return on Invested Capital (ROIC)
9.63%
TTM Avg
0.73%
3Y Avg
1.64%
5Y Avg
6.11%
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
$28.65B
Return on Invested Capital (ROIC)
5.09%
TTM Avg
4.69%
3Y Avg
5.55%
5Y Avg
6.42%
Market Cap
$27.78B
Return on Invested Capital (ROIC)
7.64%
TTM Avg
7.92%
3Y Avg
6.99%
5Y Avg
6.96%
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
$40.48B
Return on Invested Capital (ROIC)
5.77%
TTM Avg
6.20%
3Y Avg
7.03%
5Y Avg
7.10%
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
$43.44B
Return on Invested Capital (ROIC)
2.81%
TTM Avg
2.95%
3Y Avg
2.44%
5Y Avg
2.34%
Market Cap
$19.81B
Return on Invested Capital (ROIC)
11.87%
TTM Avg
11.46%
3Y Avg
9.98%
5Y Avg
9.22%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Crown Castle Inc. (CCI) | $32.85B | 9.63% | 0.73% | 1.64% | 6.11% |
| Iron Mountain Incorporated (IRM)vs › | $34.28B | 6.34% | 5.03% | 5.38% | 5.55% |
| Extra Space Storage Inc. (EXR)vs › | $28.65B | 5.09% | 4.69% | 5.55% | 6.42% |
| VICI Properties Inc. (VICI)vs › | $27.78B | 7.64% | 7.92% | 6.99% | 6.96% |
| AvalonBay Communities, Inc. (AVB)vs › | $26.28B | 3.93% | 4.32% | 4.24% | 3.99% |
| CBRE Group, Inc. (CBRE)vs › | $40.48B | 5.77% | 6.20% | 7.03% | 7.10% |
| Equity Residential (EQR)vs › | $23.87B | 4.45% | 7.17% | 7.96% | 7.76% |
| Ventas, Inc. (VTR)vs › | $43.44B | 2.81% | 2.95% | 2.44% | 2.34% |
| 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% |
ROIC
9.6%
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 | 9.63% |
| 2026-03-31 | 6.68% |
| 2025-12-31 | 6.87% |
| 2025-09-30 | -9.76% |
| 2025-06-30 | -9.75% |
| 2025-03-31 | -9.72% |
| 2024-12-31 | -9.45% |
| 2024-09-30 | 5.77% |
| 2024-06-30 | 5.60% |
| 2024-03-31 | 6.04% |
| 2023-12-31 | 6.33% |
| 2023-09-30 | 6.38% |
| 2023-06-30 | 6.68% |
| 2023-03-31 | 6.46% |
| 2022-12-31 | 6.49% |
| 2022-09-30 | 6.24% |
| 2022-06-30 | 6.00% |
| 2022-03-31 | 5.74% |
| 2021-12-31 | 5.30% |
| 2021-09-30 | 5.72% |
| 2021-06-30 | 5.48% |
| 2021-03-31 | 5.15% |
| 2020-12-31 | 4.95% |
| 2020-09-30 | 3.88% |
| 2020-06-30 | 3.66% |
| 2020-03-31 | 3.90% |
| 2019-12-31 | 3.94% |
| 2019-09-30 | 4.15% |
| 2019-06-30 | 3.99% |
| 2019-03-31 | 3.89% |
| 2018-12-31 | 4.44% |
| 2018-09-30 | 3.99% |
| 2018-06-30 | 3.72% |
| 2018-03-31 | 3.44% |
| 2017-12-31 | 3.17% |
| 2017-09-30 | 3.33% |
| 2017-06-30 | 4.16% |
| 2017-03-31 | 4.15% |
| 2016-12-31 | 4.15% |
| 2016-09-30 | 4.29% |
| 2016-06-30 | 4.23% |
| 2016-03-31 | 4.35% |
| 2015-12-31 | 4.47% |
| 2015-09-30 | 4.60% |
| 2015-06-30 | 4.85% |
| 2015-03-31 | 4.72% |
| 2014-12-31 | 4.76% |
| 2014-09-30 | 3.05% |
| 2014-06-30 | 2.55% |
| 2014-03-31 | 2.58% |
| 2013-12-31 | 2.54% |
| 2013-09-30 | 5.13% |
| 2013-06-30 | 5.22% |
| 2013-03-31 | 5.85% |
| 2012-12-31 | 5.37% |
| 2012-09-30 | 6.53% |
| 2012-06-30 | 6.27% |
| 2012-03-31 | 5.69% |
| 2011-12-31 | 6.49% |
| 2011-09-30 | 6.51% |
| 2011-06-30 | 6.43% |
| 2011-03-31 | 6.09% |
| 2010-12-31 | 5.72% |
| 2010-09-30 | 5.38% |
| 2010-06-30 | 5.12% |
| 2010-03-31 | 4.69% |
| 2009-12-31 | 4.17% |
| 2009-09-30 | 3.95% |
| 2009-06-30 | 3.48% |
| 2009-03-31 | 3.08% |
| 2008-12-31 | 2.93% |
| 2008-09-30 | 2.70% |
| 2008-06-30 | 1.82% |
| 2008-03-31 | 1.52% |
| 2007-12-31 | 0.98% |
| 2007-09-30 | 0.77% |
| 2007-06-30 | 1.20% |
| 2007-03-31 | 1.10% |
| 2006-12-31 | 2.53% |
| 2006-09-30 | 2.33% |
| 2006-06-30 | 1.61% |
| 2006-03-31 | 1.32% |
| 2005-12-31 | 0.69% |
| 2005-09-30 | -0.99% |
| 2005-06-30 | -1.00% |
| 2005-03-31 | -1.37% |
| 2004-12-31 | -1.34% |
| 2004-09-30 | 0.24% |
| 2004-06-30 | 0.05% |
| 2004-03-31 | 0.00% |
| 2003-12-31 | 0.28% |
| 2003-09-30 | -0.15% |
| 2003-06-30 | -0.15% |
