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 5.40% is 27% above its 5-year average of 4.26%, near the high end of its 5-year range (3.15%–5.40%).
As of the fiscal period ended Tuesday, June 30, 2026. 9.66% 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): 5.40%.
RETURN ON INVESTED CAPITAL (ROIC)
5.40%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
4.93%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
4.74%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
4.26%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
3.29%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
3.09%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
2.81%
CURRENT VS TTM AVG
+9.66%
CURRENT VS 3Y AVG
+14.04%
CURRENT VS 5Y AVG
+26.79%
CURRENT VS 10Y AVG
+64.11%
CURRENT VS 15Y AVG
+74.99%
CURRENT VS 20Y AVG
+92.65%
SECTOR MEDIAN · REAL ESTATE
3.65%
median of 97 covered companies
CURRENT VS SECTOR MEDIAN
+48.07%
vs the sector median at left
Gladstone Commercial Corp Pref
Market Cap
$948.65M
Return on Invested Capital (ROIC)
5.40%
TTM Avg
4.93%
3Y Avg
4.74%
5Y Avg
4.26%
Market Cap
$840.52M
Return on Invested Capital (ROIC)
0.08%
TTM Avg
3.08%
3Y Avg
2.90%
5Y Avg
1.79%
Market Cap
$820.86M
Return on Invested Capital (ROIC)
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$1.08B
Return on Invested Capital (ROIC)
5.61%
TTM Avg
5.61%
3Y Avg
-18.39%
5Y Avg
-18.39%
Market Cap
$812.45M
Return on Invested Capital (ROIC)
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Adamas Trust, Inc. - 6.875% Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, $0.01 par value per share
Market Cap
$811.37M
Return on Invested Capital (ROIC)
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$806.02M
Return on Invested Capital (ROIC)
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$723.03M
Return on Invested Capital (ROIC)
1.78%
TTM Avg
2.19%
3Y Avg
2.31%
5Y Avg
2.37%
Market Cap
$722.13M
Return on Invested Capital (ROIC)
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Gladstone Commercial Corp Pref (GOODN) | $948.65M | 5.40% | 4.93% | 4.74% | 4.26% |
| Service Properties Trust (SVC)vs › | $840.52M | 0.08% | 3.08% | 2.90% | 1.79% |
| Adamas Trust, Inc. (ADAMN)vs › | $820.86M | N/A | N/A | N/A | N/A |
| Hotel101 Global Holdings Corp. (HBNB)vs › | $1.08B | 5.61% | 5.61% | -18.39% | -18.39% |
| Adamas Trust, Inc. (ADAMM)vs › | $812.45M | N/A | N/A | N/A | N/A |
| Adamas Trust, Inc. - 6.875% Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, $0.01 par value per share (ADAML)vs › | $811.37M | N/A | N/A | N/A | N/A |
| Adamas Trust, Inc. (ADAMH)vs › | $806.02M | N/A | N/A | N/A | N/A |
| Gladstone Land Corporation (LANDP)vs › | $723.03M | 1.78% | 2.19% | 2.31% | 2.37% |
| Adamas Trust, Inc. 7.000% Series G Cumulative Redeemable Preferred Stock (ADAMZ)vs › | $722.13M | N/A | N/A | N/A | N/A |
| Gladstone Land Corporation (LANDO)vs › | $720.26M | 1.78% | 2.19% | 2.31% | 2.37% |
ROIC
5.4%
ROE
15.7%
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 | 5.40% |
| 2026-03-31 | 5.21% |
| 2025-12-31 | 4.81% |
| 2025-09-30 | 4.46% |
| 2025-06-30 | 4.76% |
| 2025-03-31 | 4.71% |
| 2024-12-31 | 4.84% |
| 2024-09-30 | 4.87% |
| 2024-06-30 | 4.73% |
| 2024-03-31 | 4.81% |
| 2023-12-31 | 4.67% |
| 2023-09-30 | 4.26% |
| 2023-06-30 | 4.19% |
| 2023-03-31 | 4.02% |
| 2022-12-31 | 3.80% |
| 2022-09-30 | 3.74% |
| 2022-06-30 | 3.38% |
| 2022-03-31 | 3.31% |
| 2021-12-31 | 3.15% |
| 2021-09-30 | 3.17% |
| 2021-06-30 | 3.22% |
| 2021-03-31 | 3.32% |
| 2020-12-31 | 3.45% |
| 2020-09-30 | 3.52% |
| 2020-06-30 | 1.92% |
| 2020-03-31 | 1.89% |
| 2019-12-31 | 1.96% |
| 2019-09-30 | 2.02% |
| 2019-06-30 | 2.04% |
| 2019-03-31 | 2.04% |
| 2018-12-31 | 2.08% |
| 2018-09-30 | 2.08% |
| 2018-06-30 | 2.08% |
| 2018-03-31 | 2.03% |
| 2017-12-31 | 1.92% |
| 2017-09-30 | 2.08% |
| 2017-06-30 | 2.27% |
| 2017-03-31 | 2.28% |
| 2016-12-31 | 2.09% |
| 2016-09-30 | 2.16% |
| 2016-06-30 | 2.28% |
| 2016-03-31 | 2.33% |
| 2015-12-31 | 4.13% |
| 2015-09-30 | 2.57% |
| 2015-06-30 | 2.54% |
| 2015-03-31 | 2.60% |
| 2014-12-31 | 2.59% |
| 2014-09-30 | 2.56% |
| 2014-06-30 | 2.59% |
| 2014-03-31 | 2.70% |
| 2012-12-31 | 2.87% |
| 2012-09-30 | 2.31% |
| 2012-06-30 | 2.49% |
| 2012-03-31 | 2.67% |
| 2011-12-31 | 2.60% |
| 2011-09-30 | 1.99% |
| 2011-06-30 | 1.49% |
| 2011-03-31 | 1.50% |
| 2010-12-31 | 1.47% |
| 2010-09-30 | 1.69% |
| 2010-06-30 | 1.78% |
| 2010-03-31 | 1.90% |
| 2009-12-31 | 1.88% |
| 2009-09-30 | -0.96% |
| 2009-06-30 | 0.27% |
| 2009-03-31 | 0.34% |
| 2008-12-31 | -0.12% |
| 2008-09-30 | 2.16% |
| 2008-06-30 | 2.12% |
| 2008-03-31 | 2.08% |
| 2007-12-31 | 2.35% |
| 2007-09-30 | 3.57% |
| 2007-06-30 | 2.27% |
| 2007-03-31 | 2.17% |
| 2006-12-31 | 2.13% |
| 2006-09-30 | 2.45% |
| 2006-06-30 | 2.24% |
| 2006-03-31 | 1.98% |
| 2005-12-31 | 1.90% |
| 2005-09-30 | 1.93% |
| 2005-06-30 | 2.09% |
| 2005-03-31 | 1.56% |
| 2004-12-31 | 0.90% |
| 2004-09-30 | -0.20% |
| 2004-06-30 | -0.89% |
| 2004-03-31 | -0.85% |
| 2003-12-31 | -0.51% |
