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 5.09% is 21% below its 5-year average of 6.48%, near the low end of its 5-year range (3.97%–9.52%).
As of the fiscal period ended Tuesday, June 30, 2026. 3.12% above its 12-month average of 4.93%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 5.09%.
RETURN ON INVESTED CAPITAL (ROIC)
5.09%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
4.93%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
4.62%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
6.48%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
6.77%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
6.25%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
5.55%
CURRENT VS TTM AVG
+3.12%
CURRENT VS 3Y AVG
+10.12%
CURRENT VS 5Y AVG
-21.46%
CURRENT VS 10Y AVG
-24.84%
CURRENT VS 15Y AVG
-18.60%
CURRENT VS 20Y AVG
-8.28%
SECTOR MEDIAN · REAL ESTATE
4.78%
median of 40 covered companies
CURRENT VS SECTOR MEDIAN
+6.41%
vs the sector median at left
Extra Space Storage Inc.
Market Cap
$28.88B
Return on Invested Capital (ROIC)
5.09%
TTM Avg
4.93%
3Y Avg
4.62%
5Y Avg
6.48%
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
$26.12B
Return on Invested Capital (ROIC)
7.64%
TTM Avg
7.92%
3Y Avg
6.99%
5Y Avg
6.96%
Market Cap
$31.93B
Return on Invested Capital (ROIC)
9.63%
TTM Avg
-1.28%
3Y Avg
2.57%
5Y Avg
3.42%
Market Cap
$23.87B
Return on Invested Capital (ROIC)
4.45%
TTM Avg
7.17%
3Y Avg
7.96%
5Y Avg
7.76%
Market Cap
$34.02B
Return on Invested Capital (ROIC)
6.34%
TTM Avg
5.03%
3Y Avg
5.38%
5Y Avg
5.55%
Market Cap
$18.94B
Return on Invested Capital (ROIC)
11.87%
TTM Avg
11.46%
3Y Avg
9.98%
5Y Avg
9.22%
Market Cap
$40.40B
Return on Invested Capital (ROIC)
5.77%
TTM Avg
6.20%
3Y Avg
7.03%
5Y Avg
7.10%
Market Cap
$17.35B
Return on Invested Capital (ROIC)
4.34%
TTM Avg
5.87%
3Y Avg
5.39%
5Y Avg
4.94%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Extra Space Storage Inc. (EXR) | $28.88B | 5.09% | 4.93% | 4.62% | 6.48% |
| AvalonBay Communities, Inc. (AVB)vs › | $26.28B | 3.93% | 4.32% | 4.24% | 3.99% |
| VICI Properties Inc. (VICI)vs › | $26.12B | 7.64% | 7.92% | 6.99% | 6.96% |
| Crown Castle Inc. (CCI)vs › | $31.93B | 9.63% | -1.28% | 2.57% | 3.42% |
| Equity Residential (EQR)vs › | $23.87B | 4.45% | 7.17% | 7.96% | 7.76% |
| Iron Mountain Incorporated (IRM)vs › | $34.02B | 6.34% | 5.03% | 5.38% | 5.55% |
| SBA Communications Corporation (SBAC)vs › | $18.94B | 11.87% | 11.46% | 9.98% | 9.22% |
| CBRE Group, Inc. (CBRE)vs › | $40.40B | 5.77% | 6.20% | 7.03% | 7.10% |
| Essex Property Trust, Inc. (ESS)vs › | $17.35B | 4.34% | 5.87% | 5.39% | 4.94% |
| Invitation Homes Inc. (INVH)vs › | $15.99B | 4.67% | 4.02% | 3.82% | 3.49% |
ROIC
5.1%
ROE
7.2%
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 | 5.09% |
| 2026-03-31 | 4.90% |
| 2025-12-31 | 4.89% |
| 2025-09-30 | 4.96% |
| 2025-06-30 | 4.83% |
| 2025-03-31 | 4.65% |
| 2024-12-31 | 4.49% |
| 2024-09-30 | 4.46% |
| 2024-06-30 | 4.52% |
| 2024-03-31 | 4.47% |
| 2023-12-31 | 4.22% |
| 2023-09-30 | 3.97% |
| 2023-06-30 | 8.69% |
| 2023-03-31 | 8.86% |
| 2022-12-31 | 8.61% |
| 2022-09-30 | 9.25% |
| 2022-06-30 | 9.52% |
| 2022-03-31 | 9.14% |
| 2021-12-31 | 9.29% |
| 2021-09-30 | 8.84% |
| 2021-06-30 | 8.39% |
| 2021-03-31 | 8.00% |
| 2020-12-31 | 7.04% |
| 2020-09-30 | 7.22% |
| 2020-06-30 | 7.40% |
| 2020-03-31 | 7.49% |
| 2019-12-31 | 7.40% |
| 2019-09-30 | 7.49% |
| 2019-06-30 | 7.34% |
| 2019-03-31 | 7.40% |
| 2018-12-31 | 7.49% |
| 2018-09-30 | 7.51% |
| 2018-06-30 | 7.38% |
| 2018-03-31 | 7.51% |
| 2017-12-31 | 7.31% |
| 2017-09-30 | 7.24% |
| 2017-06-30 | 7.03% |
| 2017-03-31 | 6.63% |
| 2016-12-31 | 6.19% |
| 2016-09-30 | 5.29% |
| 2016-06-30 | 5.11% |
| 2016-03-31 | 4.80% |
| 2015-12-31 | 4.67% |
| 2015-09-30 | 5.25% |
| 2015-06-30 | 6.24% |
| 2015-03-31 | 6.47% |
| 2014-12-31 | 6.15% |
| 2014-09-30 | 6.18% |
| 2014-06-30 | 5.58% |
| 2014-03-31 | 5.28% |
| 2013-12-31 | 5.17% |
| 2013-09-30 | 5.44% |
| 2013-06-30 | 5.22% |
| 2013-03-31 | 5.10% |
| 2012-12-31 | 4.71% |
| 2012-09-30 | 4.79% |
| 2012-06-30 | 4.90% |
| 2012-03-31 | 4.84% |
| 2011-12-31 | 4.57% |
| 2011-09-30 | 4.34% |
| 2011-06-30 | 3.97% |
| 2011-03-31 | 3.82% |
| 2010-12-31 | 3.55% |
| 2010-09-30 | 3.37% |
| 2010-06-30 | 3.37% |
| 2010-03-31 | 1.81% |
| 2009-12-31 | 3.00% |
| 2009-09-30 | 2.26% |
| 2009-06-30 | 1.82% |
| 2009-03-31 | 4.06% |
| 2008-12-31 | 4.12% |
| 2008-09-30 | 4.20% |
| 2008-06-30 | 4.11% |
| 2008-03-31 | 4.30% |
| 2007-12-31 | 3.46% |
| 2007-09-30 | 3.82% |
| 2007-06-30 | 3.58% |
| 2007-03-31 | 3.39% |
| 2006-12-31 | 3.57% |
| 2006-09-30 | 3.22% |
| 2006-06-30 | 3.20% |
| 2006-03-31 | 2.68% |
| 2005-12-31 | 2.28% |
| 2005-09-30 | 1.90% |
| 2005-06-30 | 2.26% |
| 2005-03-31 | 1.89% |
| 2004-12-31 | 3.73% |
| 2004-09-30 | 0.97% |
| 2004-06-30 | 1.01% |
| 2004-03-31 | 1.27% |
