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 2.25% is 52% above its 5-year average of 1.48%, near the high end of its 5-year range (0.80%–2.25%).
As of the fiscal period ended Tuesday, June 30, 2026. 26.15% above its 12-month average of 1.79%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
2.25%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
1.79%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
1.29%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
1.48%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
1.84%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
2.76%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
2.81%
CURRENT VS TTM AVG
+26.15%
CURRENT VS 3Y AVG
+74.89%
CURRENT VS 5Y AVG
+51.99%
CURRENT VS 10Y AVG
+22.39%
CURRENT VS 15Y AVG
-18.43%
CURRENT VS 20Y AVG
-19.87%
SECTOR MEDIAN · REAL ESTATE
4.67%
median of 41 covered companies
CURRENT VS SECTOR MEDIAN
-51.75%
vs the sector median at left
Digital Realty Trust, Inc.
Market Cap
$70.11B
Return on Invested Capital (ROIC)
2.25%
TTM Avg
1.79%
3Y Avg
1.29%
5Y Avg
1.48%
Market Cap
$68.71B
Return on Invested Capital (ROIC)
8.81%
TTM Avg
9.56%
3Y Avg
9.08%
5Y Avg
8.33%
Market Cap
$81.88B
Return on Invested Capital (ROIC)
7.27%
TTM Avg
6.86%
3Y Avg
5.64%
5Y Avg
5.49%
Market Cap
$56.90B
Return on Invested Capital (ROIC)
2.24%
TTM Avg
2.69%
3Y Avg
2.70%
5Y Avg
2.77%
Market Cap
$56.24B
Return on Invested Capital (ROIC)
11.74%
TTM Avg
11.48%
3Y Avg
11.91%
5Y Avg
11.67%
Market Cap
$43.71B
Return on Invested Capital (ROIC)
2.81%
TTM Avg
2.95%
3Y Avg
2.44%
5Y Avg
2.34%
Market Cap
$41.19B
Return on Invested Capital (ROIC)
5.77%
TTM Avg
6.20%
3Y Avg
7.03%
5Y Avg
7.10%
Market Cap
$102.74B
Return on Invested Capital (ROIC)
4.99%
TTM Avg
3.89%
3Y Avg
3.86%
5Y Avg
3.64%
Market Cap
$34.54B
Return on Invested Capital (ROIC)
6.34%
TTM Avg
5.03%
3Y Avg
5.38%
5Y Avg
5.55%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Digital Realty Trust, Inc. (DLR) | $70.11B | 2.25% | 1.79% | 1.29% | 1.48% |
| Simon Property Group, Inc. (SPG)vs › | $68.71B | 8.81% | 9.56% | 9.08% | 8.33% |
| American Tower Corporation (AMT)vs › | $81.88B | 7.27% | 6.86% | 5.64% | 5.49% |
| Realty Income Corporation (O)vs › | $56.90B | 2.24% | 2.69% | 2.70% | 2.77% |
| Public Storage (PSA)vs › | $56.24B | 11.74% | 11.48% | 11.91% | 11.67% |
| Ventas, Inc. (VTR)vs › | $43.71B | 2.81% | 2.95% | 2.44% | 2.34% |
| CBRE Group, Inc. (CBRE)vs › | $41.19B | 5.77% | 6.20% | 7.03% | 7.10% |
| Equinix, Inc. (EQIX)vs › | $102.74B | 4.99% | 3.89% | 3.86% | 3.64% |
| Iron Mountain Incorporated (IRM)vs › | $34.54B | 6.34% | 5.03% | 5.38% | 5.55% |
| Crown Castle Inc. (CCI)vs › | $33.20B | 9.63% | -1.28% | 2.57% | 3.42% |
ROIC
2.3%
ROE
2.9%
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 | 2.25% |
| 2026-03-31 | 2.01% |
| 2025-12-31 | 1.68% |
| 2025-09-30 | 1.46% |
| 2025-06-30 | 1.52% |
| 2025-03-31 | 1.09% |
| 2024-12-31 | 1.02% |
| 2024-09-30 | 0.93% |
| 2024-06-30 | 0.80% |
| 2024-03-31 | 1.14% |
| 2023-12-31 | 1.18% |
| 2023-09-30 | 1.24% |
| 2023-06-30 | 1.39% |
| 2023-03-31 | 1.41% |
| 2022-12-31 | 1.39% |
| 2022-09-30 | 1.54% |
| 2022-06-30 | 1.77% |
| 2022-03-31 | 1.74% |
| 2021-12-31 | 1.93% |
| 2021-09-30 | 1.90% |
| 2021-06-30 | 1.74% |
| 2021-03-31 | 1.77% |
| 2020-12-31 | 1.47% |
| 2020-09-30 | 1.54% |
| 2020-06-30 | 1.69% |
| 2020-03-31 | 1.72% |
| 2019-12-31 | 2.65% |
| 2019-09-30 | 2.54% |
| 2019-06-30 | 2.42% |
| 2019-03-31 | 2.42% |
| 2018-12-31 | 2.44% |
| 2018-09-30 | 2.61% |
| 2018-06-30 | 2.25% |
| 2018-03-31 | 2.16% |
| 2017-12-31 | 2.17% |
| 2017-09-30 | 2.32% |
| 2017-06-30 | 4.46% |
| 2017-03-31 | 4.38% |
| 2016-12-31 | 4.33% |
| 2016-09-30 | 3.29% |
| 2016-06-30 | 3.38% |
| 2016-03-31 | 3.32% |
| 2015-12-31 | 3.69% |
| 2015-09-30 | 3.85% |
| 2015-06-30 | 3.60% |
| 2015-03-31 | 3.52% |
| 2014-12-31 | 2.87% |
| 2014-09-30 | 3.95% |
| 2014-06-30 | 3.91% |
| 2014-03-31 | 4.04% |
| 2013-12-31 | 4.29% |
| 2013-09-30 | 4.29% |
| 2013-06-30 | 4.51% |
| 2013-03-31 | 4.47% |
| 2012-12-31 | 4.48% |
| 2012-09-30 | 4.44% |
| 2012-06-30 | 5.13% |
| 2012-03-31 | 5.16% |
| 2011-12-31 | 5.33% |
| 2011-09-30 | 5.29% |
| 2011-06-30 | 5.24% |
| 2011-03-31 | 4.90% |
| 2010-12-31 | 4.72% |
| 2010-09-30 | 4.37% |
| 2010-06-30 | 4.69% |
| 2010-03-31 | 4.80% |
| 2009-12-31 | 4.94% |
| 2009-09-30 | 4.40% |
| 2009-06-30 | 3.32% |
| 2009-03-31 | 2.43% |
| 2008-12-31 | 2.29% |
| 2008-09-30 | 1.99% |
| 2008-06-30 | 1.82% |
| 2008-03-31 | 1.71% |
| 2007-12-31 | 1.70% |
| 2007-09-30 | 1.87% |
| 2007-06-30 | 1.94% |
| 2007-03-31 | 1.88% |
| 2006-12-31 | 1.78% |
| 2006-09-30 | 1.76% |
| 2006-06-30 | 1.96% |
| 2006-03-31 | 3.78% |
| 2005-12-31 | 3.68% |
| 2005-09-30 | 2.51% |
| 2005-06-30 | 2.18% |
| 2005-03-31 | 1.18% |
| 2004-12-31 | 0.98% |
| 2004-09-30 | 2.18% |
| 2004-06-30 | 2.72% |