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 6.43% is 41% above its 5-year average of 4.57%, near the high end of its 5-year range (1.42%–8.25%).
As of the fiscal period ended Saturday, June 27, 2026. 16.34% below its 12-month average of 7.69%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
6.43%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
7.69%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
5.89%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
4.57%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
6.58%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
7.57%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
7.53%
CURRENT VS TTM AVG
-16.34%
CURRENT VS 3Y AVG
+9.13%
CURRENT VS 5Y AVG
+40.80%
CURRENT VS 10Y AVG
-2.25%
CURRENT VS 15Y AVG
-15.04%
CURRENT VS 20Y AVG
-14.67%
SECTOR MEDIAN · COMMUNICATION SERVICES
6.70%
median of 31 covered companies
CURRENT VS SECTOR MEDIAN
-4.04%
vs the sector median at left
The Walt Disney Company
Market Cap
$181.58B
Return on Invested Capital (ROIC)
6.43%
TTM Avg
7.69%
3Y Avg
5.89%
5Y Avg
4.57%
Market Cap
$190.40B
Return on Invested Capital (ROIC)
7.29%
TTM Avg
7.22%
3Y Avg
5.72%
5Y Avg
4.83%
Market Cap
$171.57B
Return on Invested Capital (ROIC)
5.96%
TTM Avg
5.40%
3Y Avg
3.71%
5Y Avg
4.14%
Market Cap
$205.96B
Return on Invested Capital (ROIC)
5.84%
TTM Avg
6.60%
3Y Avg
6.54%
5Y Avg
6.96%
Market Cap
$108.99B
Return on Invested Capital (ROIC)
29.12%
TTM Avg
18.19%
3Y Avg
2.45%
5Y Avg
0.43%
Market Cap
$88.01B
Return on Invested Capital (ROIC)
6.12%
TTM Avg
7.49%
3Y Avg
6.98%
5Y Avg
6.56%
Market Cap
$84.74B
Return on Invested Capital (ROIC)
7.28%
TTM Avg
2.50%
3Y Avg
-4.58%
5Y Avg
-5.91%
Market Cap
$70.19B
Return on Invested Capital (ROIC)
2.34%
TTM Avg
-5.07%
3Y Avg
-4.44%
5Y Avg
-1.01%
Market Cap
$318.62B
Return on Invested Capital (ROIC)
24.34%
TTM Avg
22.80%
3Y Avg
18.12%
5Y Avg
16.60%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| The Walt Disney Company (DIS) | $181.58B | 6.43% | 7.69% | 5.89% | 4.57% |
| T-Mobile US, Inc. (TMUS)vs › | $190.40B | 7.29% | 7.22% | 5.72% | 4.83% |
| AT&T Inc. (T)vs › | $171.57B | 5.96% | 5.40% | 3.71% | 4.14% |
| Verizon Communications Inc. (VZ)vs › | $205.96B | 5.84% | 6.60% | 6.54% | 6.96% |
| Spotify Technology S.A. (SPOT)vs › | $108.99B | 29.12% | 18.19% | 2.45% | 0.43% |
| Comcast Corporation (CMCSA)vs › | $88.01B | 6.12% | 7.49% | 6.98% | 6.56% |
| DoorDash, Inc. (DASH)vs › | $84.74B | 7.28% | 2.50% | -4.58% | -5.91% |
| Warner Bros. Discovery, Inc. (WBD)vs › | $70.19B | 2.34% | -5.07% | -4.44% | -1.01% |
| Netflix, Inc. (NFLX)vs › | $318.62B | 24.34% | 22.80% | 18.12% | 16.60% |
| Live Nation Entertainment, Inc. (LYV)vs › | $39.87B | 3.73% | 7.85% | 7.53% | 0.14% |
ROIC
6.4%
ROE
7.8%
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) |
|---|---|
| 2026-06-27 | 6.43% |
| 2026-03-28 | 7.82% |
| 2025-12-27 | 7.79% |
| 2025-09-27 | 8.13% |
| 2025-06-28 | 8.25% |
| 2025-03-29 | 7.12% |
| 2024-12-28 | 5.80% |
| 2024-09-28 | 5.37% |
| 2024-06-29 | 5.12% |
| 2024-03-30 | 4.12% |
| 2023-12-30 | 4.10% |
| 2023-09-30 | 3.56% |
| 2023-07-01 | 2.98% |
| 2023-04-01 | 2.89% |
| 2022-12-31 | 2.55% |
| 2022-09-30 | 2.55% |
| 2022-07-02 | 2.61% |
| 2022-04-02 | 2.52% |
| 2022-01-01 | 2.74% |
| 2021-09-30 | 2.02% |
| 2021-07-03 | 1.42% |
| 2021-04-03 | 0.73% |
| 2021-01-02 | 0.67% |
| 2020-09-30 | 2.09% |
| 2020-06-27 | 1.91% |
| 2020-03-28 | 3.77% |
| 2019-12-28 | 4.98% |
| 2019-09-30 | 5.41% |
| 2019-06-29 | 5.29% |
| 2019-03-30 | 5.71% |
| 2018-12-31 | 13.30% |
| 2018-09-30 | 15.57% |
| 2018-06-30 | 14.96% |
| 2018-03-31 | 14.44% |
| 2017-12-31 | 13.68% |
| 2017-09-30 | 11.44% |
| 2017-06-30 | 12.00% |
| 2017-03-31 | 12.08% |
| 2016-12-31 | 11.88% |
| 2016-09-30 | 11.99% |
| 2016-06-30 | 11.87% |
| 2016-03-31 | 11.53% |
| 2015-12-31 | 11.61% |
| 2015-09-30 | 11.05% |
| 2015-06-30 | 10.99% |
| 2015-03-31 | 10.81% |
| 2014-12-31 | 10.67% |
| 2014-09-30 | 10.32% |
| 2014-06-30 | 10.13% |
| 2014-03-31 | 9.87% |
| 2013-12-31 | 9.50% |
| 2013-09-30 | 9.17% |
| 2013-06-30 | 8.89% |
| 2013-03-31 | 8.91% |
| 2012-12-31 | 8.31% |
| 2012-09-30 | 8.99% |
| 2012-06-30 | 8.70% |
| 2012-03-31 | 8.24% |
| 2011-12-31 | 8.38% |
| 2011-09-30 | 8.06% |
| 2011-06-30 | 7.82% |
| 2011-03-31 | 7.64% |
| 2010-12-31 | 7.75% |
| 2010-09-30 | 7.23% |
| 2010-06-30 | 7.23% |
| 2010-03-31 | 6.42% |
| 2009-12-31 | 6.24% |
| 2009-09-30 | 6.56% |
| 2009-06-30 | 6.42% |
| 2009-03-31 | 7.05% |
| 2008-12-31 | 7.54% |
| 2008-09-30 | 8.69% |
| 2008-06-30 | 8.99% |
| 2008-03-31 | 8.81% |
| 2007-12-31 | 8.42% |
| 2007-09-30 | 8.06% |
| 2007-06-30 | 7.91% |
| 2007-03-31 | 7.73% |
| 2006-12-31 | 7.35% |
| 2006-09-30 | 6.76% |
| 2006-06-30 | 5.86% |
| 2006-03-31 | 5.99% |
| 2005-12-31 | 5.88% |
| 2005-09-30 | 5.86% |
| 2005-06-30 | 6.18% |
| 2005-03-31 | 5.82% |
| 2004-12-31 | 5.78% |
| 2004-09-30 | 5.86% |
| 2004-06-30 | 5.55% |
| 2004-03-31 | 5.32% |
| 2003-12-31 | 5.27% |
| 2003-09-30 | 4.16% |
| 2003-06-30 | 3.43% |
