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 4.45% is 40% below its 5-year average of 7.40%, near the low end of its 5-year range (4.30%–9.30%).
As of the fiscal period ended Tuesday, June 30, 2026. 22.21% below its 12-month average of 5.72%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 4.45%.
RETURN ON INVESTED CAPITAL (ROIC)
4.45%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
5.72%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
7.58%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
7.40%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
6.42%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
5.45%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
4.82%
CURRENT VS TTM AVG
-22.21%
CURRENT VS 3Y AVG
-41.25%
CURRENT VS 5Y AVG
-39.81%
CURRENT VS 10Y AVG
-30.62%
CURRENT VS 15Y AVG
-18.29%
CURRENT VS 20Y AVG
-7.59%
SECTOR MEDIAN · REAL ESTATE
4.78%
median of 40 covered companies
CURRENT VS SECTOR MEDIAN
-6.85%
vs the sector median at left
Equity Residential
Market Cap
$23.87B
Return on Invested Capital (ROIC)
4.45%
TTM Avg
5.72%
3Y Avg
7.58%
5Y Avg
7.40%
Market Cap
$26.11B
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
$28.28B
Return on Invested Capital (ROIC)
5.09%
TTM Avg
4.69%
3Y Avg
5.55%
5Y Avg
6.42%
Market Cap
$18.09B
Return on Invested Capital (ROIC)
11.87%
TTM Avg
11.46%
3Y Avg
9.98%
5Y Avg
9.22%
Market Cap
$17.57B
Return on Invested Capital (ROIC)
4.34%
TTM Avg
5.87%
3Y Avg
5.39%
5Y Avg
4.94%
Market Cap
$30.69B
Return on Invested Capital (ROIC)
9.63%
TTM Avg
-1.28%
3Y Avg
2.57%
5Y Avg
3.42%
Market Cap
$16.00B
Return on Invested Capital (ROIC)
4.67%
TTM Avg
4.02%
3Y Avg
3.82%
5Y Avg
3.49%
Market Cap
$15.26B
Return on Invested Capital (ROIC)
3.67%
TTM Avg
3.48%
3Y Avg
7.17%
5Y Avg
9.13%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Equity Residential (EQR) | $23.87B | 4.45% | 5.72% | 7.58% | 7.40% |
| VICI Properties Inc. (VICI)vs › | $26.11B | 7.64% | 7.92% | 6.99% | 6.96% |
| AvalonBay Communities, Inc. (AVB)vs › | $26.28B | 3.93% | 4.32% | 4.24% | 3.99% |
| Extra Space Storage Inc. (EXR)vs › | $28.28B | 5.09% | 4.69% | 5.55% | 6.42% |
| SBA Communications Corporation (SBAC)vs › | $18.09B | 11.87% | 11.46% | 9.98% | 9.22% |
| Essex Property Trust, Inc. (ESS)vs › | $17.57B | 4.34% | 5.87% | 5.39% | 4.94% |
| Crown Castle Inc. (CCI)vs › | $30.69B | 9.63% | -1.28% | 2.57% | 3.42% |
| Invitation Homes Inc. (INVH)vs › | $16.00B | 4.67% | 4.02% | 3.82% | 3.49% |
| Weyerhaeuser Company (WY)vs › | $15.26B | 3.67% | 3.48% | 7.17% | 9.13% |
| Host Hotels & Resorts, Inc. (HST)vs › | $15.17B | 6.84% | 6.42% | 6.46% | 2.72% |
ROIC
4.5%
ROE
8.3%
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 | 4.45% |
| 2026-03-31 | 4.30% |
| 2025-12-31 | 5.40% |
| 2025-09-30 | 6.67% |
| 2025-06-30 | 7.80% |
| 2025-03-31 | 9.14% |
| 2024-12-31 | 8.93% |
| 2024-09-30 | 8.85% |
| 2024-06-30 | 9.30% |
| 2024-03-31 | 9.20% |
| 2023-12-31 | 8.99% |
| 2023-09-30 | 7.86% |
| 2023-06-30 | 7.65% |
| 2023-03-31 | 7.01% |
| 2022-12-31 | 5.63% |
| 2022-09-30 | 7.65% |
| 2022-06-30 | 8.05% |
| 2022-03-31 | 8.29% |
| 2021-12-31 | 8.07% |
| 2021-09-30 | 6.88% |
| 2021-06-30 | 5.24% |
| 2021-03-31 | 5.23% |
| 2020-12-31 | 6.62% |
| 2020-09-30 | 6.79% |
| 2020-06-30 | 7.66% |
| 2020-03-31 | 7.67% |
| 2019-12-31 | 6.52% |
| 2019-09-30 | 5.65% |
| 2019-06-30 | 5.52% |
| 2019-03-31 | 4.85% |
| 2018-12-31 | 5.56% |
| 2018-09-30 | 5.53% |
| 2018-06-30 | 4.94% |
| 2018-03-31 | 4.92% |
| 2017-12-31 | 4.19% |
| 2017-09-30 | 4.22% |
| 2017-06-30 | 4.18% |
| 2017-03-31 | 4.18% |
| 2016-12-31 | 4.21% |
| 2016-09-30 | 4.66% |
| 2016-06-30 | 4.65% |
| 2016-03-31 | 4.84% |
| 2015-12-31 | 4.45% |
| 2015-09-30 | 4.33% |
| 2015-06-30 | 4.24% |
| 2015-03-31 | 4.17% |
| 2014-12-31 | 4.08% |
| 2014-09-30 | 3.96% |
| 2014-06-30 | 3.40% |
| 2014-03-31 | 2.67% |
| 2013-12-31 | 2.29% |
| 2013-09-30 | 1.86% |
| 2013-06-30 | 1.97% |
| 2013-03-31 | 2.21% |
| 2012-12-31 | 3.77% |
| 2012-09-30 | 3.95% |
| 2012-06-30 | 3.94% |
| 2012-03-31 | 4.04% |
| 2011-12-31 | 3.40% |
| 2011-09-30 | 3.05% |
| 2011-06-30 | 2.68% |
| 2011-03-31 | 2.63% |
| 2010-12-31 | 2.56% |
| 2010-09-30 | 2.94% |
| 2010-06-30 | 3.19% |
| 2010-03-31 | 3.22% |
| 2009-12-31 | 3.14% |
| 2009-09-30 | 2.70% |
| 2009-06-30 | 2.87% |
| 2009-03-31 | 3.10% |
| 2008-12-31 | 1.90% |
| 2008-09-30 | 2.29% |
| 2008-06-30 | 2.29% |
| 2008-03-31 | 3.61% |
| 2007-12-31 | 2.25% |
| 2007-09-30 | 3.29% |
| 2007-06-30 | 3.28% |
| 2007-03-31 | 3.11% |
| 2006-12-31 | 2.22% |
| 2006-09-30 | 3.61% |
| 2006-06-30 | 3.66% |
| 2006-03-31 | 3.69% |
| 2005-12-31 | 3.63% |
| 2005-09-30 | 3.88% |
| 2005-06-30 | 3.83% |
| 2005-03-31 | 4.03% |
| 2004-12-31 | 3.85% |
| 2004-09-30 | 4.07% |
| 2004-06-30 | 4.25% |
| 2004-03-31 | 3.68% |
| 2003-12-31 | 6.55% |
| 2003-09-30 | 15.59% |
| 2003-06-30 | 15.57% |
