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 4.99% is 31% above its 5-year average of 3.81%, near the high end of its 5-year range (3.33%–4.99%).
As of the fiscal period ended Tuesday, June 30, 2026. 17.02% above its 12-month average of 4.27%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
4.99%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
4.27%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
4.03%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
3.81%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
3.70%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
3.92%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
3.97%
CURRENT VS TTM AVG
+17.02%
CURRENT VS 3Y AVG
+23.99%
CURRENT VS 5Y AVG
+30.86%
CURRENT VS 10Y AVG
+34.76%
CURRENT VS 15Y AVG
+27.41%
CURRENT VS 20Y AVG
+25.82%
SECTOR MEDIAN · REAL ESTATE
4.67%
median of 41 covered companies
CURRENT VS SECTOR MEDIAN
+6.89%
vs the sector median at left
Equinix, Inc.
Market Cap
$102.47B
Return on Invested Capital (ROIC)
4.99%
TTM Avg
4.27%
3Y Avg
4.03%
5Y Avg
3.81%
Market Cap
$81.48B
Return on Invested Capital (ROIC)
7.27%
TTM Avg
6.86%
3Y Avg
5.64%
5Y Avg
5.49%
Market Cap
$126.54B
Return on Invested Capital (ROIC)
3.37%
TTM Avg
4.08%
3Y Avg
3.98%
5Y Avg
4.14%
Market Cap
$69.85B
Return on Invested Capital (ROIC)
2.25%
TTM Avg
1.16%
3Y Avg
1.23%
5Y Avg
1.39%
Market Cap
$66.99B
Return on Invested Capital (ROIC)
8.81%
TTM Avg
9.56%
3Y Avg
9.08%
5Y Avg
8.33%
Market Cap
$56.28B
Return on Invested Capital (ROIC)
2.24%
TTM Avg
2.69%
3Y Avg
2.70%
5Y Avg
2.77%
Market Cap
$55.21B
Return on Invested Capital (ROIC)
11.74%
TTM Avg
11.48%
3Y Avg
11.91%
5Y Avg
11.67%
Market Cap
$43.26B
Return on Invested Capital (ROIC)
2.81%
TTM Avg
2.95%
3Y Avg
2.44%
5Y Avg
2.34%
Market Cap
$40.74B
Return on Invested Capital (ROIC)
5.77%
TTM Avg
6.20%
3Y Avg
7.03%
5Y Avg
7.10%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Equinix, Inc. (EQIX) | $102.47B | 4.99% | 4.27% | 4.03% | 3.81% |
| American Tower Corporation (AMT)vs › | $81.48B | 7.27% | 6.86% | 5.64% | 5.49% |
| Prologis, Inc. (PLD)vs › | $126.54B | 3.37% | 4.08% | 3.98% | 4.14% |
| Digital Realty Trust, Inc. (DLR)vs › | $69.85B | 2.25% | 1.16% | 1.23% | 1.39% |
| Simon Property Group, Inc. (SPG)vs › | $66.99B | 8.81% | 9.56% | 9.08% | 8.33% |
| Realty Income Corporation (O)vs › | $56.28B | 2.24% | 2.69% | 2.70% | 2.77% |
| Public Storage (PSA)vs › | $55.21B | 11.74% | 11.48% | 11.91% | 11.67% |
| Ventas, Inc. (VTR)vs › | $43.26B | 2.81% | 2.95% | 2.44% | 2.34% |
| CBRE Group, Inc. (CBRE)vs › | $40.74B | 5.77% | 6.20% | 7.03% | 7.10% |
| Welltower Inc. (WELL)vs › | $170.02B | 0.96% | 1.42% | 1.73% | 1.90% |
ROIC
5.0%
ROE
10.7%
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 | 4.99% |
| 2026-03-31 | 4.60% |
| 2025-12-31 | 4.40% |
| 2025-09-30 | 3.83% |
| 2025-06-30 | 3.50% |
| 2025-03-31 | 3.56% |
| 2024-12-31 | 3.37% |
| 2024-09-30 | 4.00% |
| 2024-06-30 | 4.31% |
| 2024-03-31 | 4.10% |
| 2023-12-31 | 4.08% |
| 2023-09-30 | 3.91% |
| 2023-06-30 | 3.68% |
| 2023-03-31 | 3.78% |
| 2022-12-31 | 3.58% |
| 2022-09-30 | 3.62% |
| 2022-06-30 | 3.35% |
| 2022-03-31 | 3.33% |
| 2021-12-31 | 3.45% |
| 2021-09-30 | 3.33% |
| 2021-06-30 | 3.33% |
| 2021-03-31 | 3.13% |
| 2020-12-31 | 2.99% |
| 2020-09-30 | 3.48% |
| 2020-06-30 | 3.22% |
| 2020-03-31 | 3.86% |
| 2019-12-31 | 3.80% |
| 2019-09-30 | 3.90% |
| 2019-06-30 | 4.08% |
| 2019-03-31 | 3.98% |
| 2018-12-31 | 4.32% |
| 2018-09-30 | 4.04% |
| 2018-06-30 | 3.98% |
| 2018-03-31 | 3.77% |
| 2017-12-31 | 3.75% |
| 2017-09-30 | 3.71% |
| 2017-06-30 | 3.24% |
| 2017-03-31 | 3.05% |
| 2016-12-31 | 3.80% |
| 2016-09-30 | 3.39% |
| 2016-06-30 | 3.58% |
| 2016-03-31 | 3.88% |
| 2015-12-31 | 5.25% |
| 2015-09-30 | 4.77% |
| 2015-06-30 | 4.22% |
| 2015-03-31 | 4.17% |
| 2014-12-31 | 3.87% |
| 2014-09-30 | 5.62% |
| 2014-06-30 | 5.78% |
| 2014-03-31 | 5.65% |
| 2013-12-31 | 5.64% |
| 2013-09-30 | 4.67% |
| 2013-06-30 | 4.38% |
| 2013-03-31 | 3.90% |
| 2012-12-31 | 4.85% |
| 2012-09-30 | 4.66% |
| 2012-06-30 | 4.68% |
| 2012-03-31 | 4.36% |
| 2011-12-31 | 4.02% |
| 2011-09-30 | 4.16% |
| 2011-06-30 | 4.34% |
| 2011-03-31 | 3.81% |
| 2010-12-31 | 3.47% |
| 2010-09-30 | 2.81% |
| 2010-06-30 | 2.91% |
| 2010-03-31 | 3.54% |
| 2009-12-31 | 4.15% |
| 2009-09-30 | 5.66% |
| 2009-06-30 | 4.95% |
| 2009-03-31 | 4.62% |
| 2008-12-31 | 3.29% |
| 2008-09-30 | 2.26% |
| 2008-06-30 | 1.49% |
| 2008-03-31 | 0.93% |
| 2007-12-31 | 0.50% |
| 2007-09-30 | 1.01% |
| 2007-06-30 | 0.69% |
| 2007-03-31 | 0.56% |
| 2006-12-31 | 0.27% |
| 2006-09-30 | -6.02% |
| 2006-06-30 | -5.97% |
| 2006-03-31 | -5.93% |
| 2005-12-31 | -5.94% |
| 2005-09-30 | -5.30% |
| 2005-06-30 | -6.33% |
| 2005-03-31 | -7.30% |
| 2004-12-31 | -8.94% |
| 2004-09-30 | -7.84% |
| 2004-06-30 | -9.97% |
| 2004-03-31 | -11.97% |
| 2003-12-31 | -14.51% |
| 2003-09-30 | -17.15% |
| 2003-06-30 | -21.70% |
