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 15.94% is 33% above its 5-year average of 11.95%, near the high end of its 5-year range (7.92%–15.94%).
As of the fiscal period ended Tuesday, June 30, 2026. 7.35% above its 12-month average of 14.85%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
15.94%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
14.85%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
12.18%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
11.95%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
11.17%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
10.59%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
10.55%
CURRENT VS TTM AVG
+7.35%
CURRENT VS 3Y AVG
+30.86%
CURRENT VS 5Y AVG
+33.33%
CURRENT VS 10Y AVG
+42.64%
CURRENT VS 15Y AVG
+50.52%
CURRENT VS 20Y AVG
+50.99%
SECTOR MEDIAN · CONSUMER CYCLICAL
10.97%
median of 96 covered companies
CURRENT VS SECTOR MEDIAN
+45.21%
vs the sector median at left
eBay Inc.
Market Cap
$45.55B
Return on Invested Capital (ROIC)
15.94%
TTM Avg
14.85%
3Y Avg
12.18%
5Y Avg
11.95%
Market Cap
$46.40B
Return on Invested Capital (ROIC)
18.22%
TTM Avg
18.59%
3Y Avg
17.18%
5Y Avg
14.25%
Market Cap
$47.38B
Return on Invested Capital (ROIC)
26.21%
TTM Avg
32.49%
3Y Avg
34.03%
5Y Avg
34.64%
Market Cap
$39.72B
Return on Invested Capital (ROIC)
37.53%
TTM Avg
31.29%
3Y Avg
35.36%
5Y Avg
35.63%
Market Cap
$39.00B
Return on Invested Capital (ROIC)
8.54%
TTM Avg
11.91%
3Y Avg
15.13%
5Y Avg
15.47%
Market Cap
$37.95B
Return on Invested Capital (ROIC)
0.25%
TTM Avg
4.44%
3Y Avg
4.53%
5Y Avg
4.06%
Market Cap
$55.30B
Return on Invested Capital (ROIC)
10.87%
TTM Avg
11.33%
3Y Avg
14.64%
5Y Avg
16.67%
Market Cap
$56.11B
Return on Invested Capital (ROIC)
1.61%
TTM Avg
1.44%
3Y Avg
2.09%
5Y Avg
1.44%
Market Cap
$31.28B
Return on Invested Capital (ROIC)
11.08%
TTM Avg
10.00%
3Y Avg
3.73%
5Y Avg
-2.97%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| eBay Inc. (EBAY) | $45.55B | 15.94% | 14.85% | 12.18% | 11.95% |
| Chipotle Mexican Grill, Inc. (CMG)vs › | $46.40B | 18.22% | 18.59% | 17.18% | 14.25% |
| AutoZone, Inc. (AZO)vs › | $47.38B | 26.21% | 32.49% | 34.03% | 34.64% |
| Yum! Brands, Inc. (YUM)vs › | $39.72B | 37.53% | 31.29% | 35.36% | 35.63% |
| D.R. Horton, Inc. (DHI)vs › | $39.00B | 8.54% | 11.91% | 15.13% | 15.47% |
| JD.com, Inc. (JD)vs › | $37.95B | 0.25% | 4.44% | 4.53% | 4.06% |
| NIKE, Inc. (NKE)vs › | $55.30B | 10.87% | 11.33% | 14.64% | 16.67% |
| Ford Motor Company (F)vs › | $56.11B | 1.61% | 1.44% | 2.09% | 1.44% |
| Carnival Corporation & plc (CCL)vs › | $31.28B | 11.08% | 10.00% | 3.73% | -2.97% |
| Expedia Group, Inc. (EXPE)vs › | $31.03B | 25.89% | 14.65% | 10.70% | 5.46% |
ROIC
15.9%
ROE
47.6%
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 | 15.94% |
| 2026-03-31 | 14.70% |
| 2025-12-31 | 14.36% |
| 2025-09-30 | 15.13% |
| 2025-06-30 | 14.10% |
| 2025-03-31 | 14.10% |
| 2024-12-31 | 13.49% |
| 2024-09-30 | 10.61% |
| 2024-06-30 | 9.62% |
| 2024-03-31 | 8.55% |
| 2023-12-31 | 8.14% |
| 2023-09-30 | 9.48% |
| 2023-06-30 | 10.10% |
| 2023-03-31 | 10.75% |
| 2022-12-31 | 13.26% |
| 2022-09-30 | 15.20% |
| 2022-06-30 | 15.25% |
| 2022-03-31 | 14.04% |
| 2021-12-31 | 7.92% |
| 2021-09-30 | 8.30% |
| 2021-06-30 | 7.96% |
| 2021-03-31 | 14.90% |
| 2020-12-31 | 12.93% |
| 2020-09-30 | 14.07% |
| 2020-06-30 | 11.65% |
| 2020-03-31 | 11.41% |
| 2019-12-31 | 11.75% |
| 2019-09-30 | 13.99% |
| 2019-06-30 | 12.10% |
| 2019-03-31 | 10.76% |
| 2018-12-31 | 10.38% |
| 2018-09-30 | 5.72% |
| 2018-06-30 | 5.72% |
| 2018-03-31 | 5.74% |
| 2017-12-31 | 5.37% |
| 2017-09-30 | 9.53% |
| 2017-06-30 | 8.79% |
| 2017-03-31 | 10.00% |
| 2016-12-31 | 10.84% |
| 2016-09-30 | 10.46% |
| 2016-06-30 | 10.97% |
| 2016-03-31 | 10.50% |
| 2015-12-31 | 11.48% |
| 2015-09-30 | 15.56% |
| 2015-06-30 | 7.76% |
| 2015-03-31 | 9.52% |
| 2014-12-31 | 6.55% |
| 2014-09-30 | 6.53% |
| 2014-06-30 | 7.72% |
| 2014-03-31 | 7.65% |
| 2013-12-31 | 9.63% |
| 2013-09-30 | 9.42% |
| 2013-06-30 | 9.69% |
| 2013-03-31 | 9.63% |
| 2012-12-31 | 9.20% |
| 2012-09-30 | 8.99% |
| 2012-06-30 | 9.75% |
| 2012-03-31 | 9.32% |
| 2011-12-31 | 9.28% |
| 2011-09-30 | 9.82% |
| 2011-06-30 | 9.81% |
| 2011-03-31 | 10.42% |
| 2010-12-31 | 10.01% |
| 2010-09-30 | 8.63% |
| 2010-06-30 | 8.91% |
| 2010-03-31 | 8.57% |
| 2009-12-31 | 8.40% |
| 2009-09-30 | 10.40% |
| 2009-06-30 | 11.67% |
| 2009-03-31 | 13.27% |
| 2008-12-31 | 13.44% |
| 2008-09-30 | 16.11% |
| 2008-06-30 | 3.68% |
| 2008-03-31 | 3.21% |
| 2007-12-31 | 2.75% |
| 2007-09-30 | 2.09% |
| 2007-06-30 | 10.66% |
| 2007-03-31 | 9.96% |
| 2006-12-31 | 9.43% |
| 2006-09-30 | 8.67% |
| 2006-06-30 | 8.32% |
| 2006-03-31 | 9.15% |
| 2005-12-31 | 9.77% |
| 2005-09-30 | 11.24% |
| 2005-06-30 | 11.23% |
| 2005-03-31 | 10.62% |
| 2004-12-31 | 10.00% |
| 2004-09-30 | 10.66% |
| 2004-06-30 | 10.08% |
| 2004-03-31 | 9.22% |
| 2003-12-31 | 8.36% |
| 2003-09-30 | 7.49% |
| 2003-06-30 | 7.05% |
