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 6.34% is 21% above its 5-year average of 5.26%, near the high end of its 5-year range (3.21%–7.37%).
As of the fiscal period ended Tuesday, June 30, 2026. 33.31% above its 12-month average of 4.76%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 6.34%.
RETURN ON INVESTED CAPITAL (ROIC)
6.34%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
4.76%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
4.78%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
5.26%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
5.26%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
5.59%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
5.50%
CURRENT VS TTM AVG
+33.31%
CURRENT VS 3Y AVG
+32.52%
CURRENT VS 5Y AVG
+20.55%
CURRENT VS 10Y AVG
+20.59%
CURRENT VS 15Y AVG
+13.37%
CURRENT VS 20Y AVG
+15.27%
SECTOR MEDIAN · REAL ESTATE
4.89%
median of 39 covered companies
CURRENT VS SECTOR MEDIAN
+29.65%
vs the sector median at left
Iron Mountain Incorporated
Market Cap
$33.14B
Return on Invested Capital (ROIC)
6.34%
TTM Avg
4.76%
3Y Avg
4.78%
5Y Avg
5.26%
Market Cap
$29.65B
Return on Invested Capital (ROIC)
9.63%
TTM Avg
-1.28%
3Y Avg
2.57%
5Y Avg
3.42%
Market Cap
$28.17B
Return on Invested Capital (ROIC)
5.09%
TTM Avg
4.69%
3Y Avg
5.55%
5Y Avg
6.42%
Market Cap
$39.02B
Return on Invested Capital (ROIC)
5.77%
TTM Avg
6.20%
3Y Avg
7.03%
5Y Avg
7.10%
Market Cap
$25.90B
Return on Invested Capital (ROIC)
7.64%
TTM Avg
7.92%
3Y Avg
6.99%
5Y Avg
6.96%
Market Cap
$42.12B
Return on Invested Capital (ROIC)
2.81%
TTM Avg
2.95%
3Y Avg
2.44%
5Y Avg
2.34%
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
$17.62B
Return on Invested Capital (ROIC)
11.87%
TTM Avg
11.46%
3Y Avg
9.98%
5Y Avg
9.22%
Market Cap
$17.45B
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 |
|---|---|---|---|---|---|
| Iron Mountain Incorporated (IRM) | $33.14B | 6.34% | 4.76% | 4.78% | 5.26% |
| Crown Castle Inc. (CCI)vs › | $29.65B | 9.63% | -1.28% | 2.57% | 3.42% |
| Extra Space Storage Inc. (EXR)vs › | $28.17B | 5.09% | 4.69% | 5.55% | 6.42% |
| CBRE Group, Inc. (CBRE)vs › | $39.02B | 5.77% | 6.20% | 7.03% | 7.10% |
| VICI Properties Inc. (VICI)vs › | $25.90B | 7.64% | 7.92% | 6.99% | 6.96% |
| Ventas, Inc. (VTR)vs › | $42.12B | 2.81% | 2.95% | 2.44% | 2.34% |
| Equity Residential (EQR)vs › | $23.87B | 4.45% | 7.17% | 7.96% | 7.76% |
| SBA Communications Corporation (SBAC)vs › | $17.62B | 11.87% | 11.46% | 9.98% | 9.22% |
| Essex Property Trust, Inc. (ESS)vs › | $17.45B | 4.34% | 5.87% | 5.39% | 4.94% |
| Invitation Homes Inc. (INVH)vs › | $15.81B | 4.67% | 4.02% | 3.82% | 3.49% |
ROIC
6.3%
ROE
N/A
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 | 6.34% |
| 2026-03-31 | 5.48% |
| 2025-12-31 | 4.48% |
| 2025-09-30 | 4.27% |
| 2025-06-30 | 3.21% |
| 2025-03-31 | 3.98% |
| 2024-12-31 | 4.64% |
| 2024-09-30 | 3.97% |
| 2024-06-30 | 4.90% |
| 2024-03-31 | 4.85% |
| 2023-12-31 | 4.95% |
| 2023-09-30 | 5.35% |
| 2023-06-30 | 5.77% |
| 2023-03-31 | 6.49% |
| 2022-12-31 | 6.53% |
| 2022-09-30 | 6.17% |
| 2022-06-30 | 5.29% |
| 2022-03-31 | 4.67% |
| 2021-12-31 | 4.83% |
| 2021-09-30 | 6.90% |
| 2021-06-30 | 7.37% |
| 2021-03-31 | 7.06% |
| 2020-12-31 | 6.97% |
| 2020-09-30 | 4.28% |
| 2020-06-30 | 4.22% |
| 2020-03-31 | 5.25% |
| 2019-12-31 | 5.21% |
| 2019-09-30 | 5.68% |
| 2019-06-30 | 5.51% |
| 2019-03-31 | 5.29% |
| 2018-12-31 | 6.44% |
| 2018-09-30 | 5.78% |
| 2018-06-30 | 5.74% |
| 2018-03-31 | 5.55% |
| 2017-12-31 | 5.84% |
| 2017-09-30 | 6.08% |
| 2017-06-30 | 5.39% |
| 2017-03-31 | 4.18% |
| 2016-12-31 | 4.04% |
| 2016-09-30 | 2.97% |
| 2016-06-30 | 3.63% |
| 2016-03-31 | 7.18% |
| 2015-12-31 | 7.19% |
| 2015-09-30 | 7.24% |
| 2015-06-30 | 5.48% |
| 2015-03-31 | 9.84% |
| 2014-12-31 | 9.53% |
| 2014-09-30 | 10.17% |
| 2014-06-30 | 8.78% |
| 2014-03-31 | 5.86% |
| 2013-12-31 | 5.25% |
| 2013-09-30 | 4.88% |
| 2013-06-30 | 5.03% |
| 2013-03-31 | 5.34% |
| 2012-12-31 | 6.18% |
| 2012-09-30 | 6.73% |
| 2012-06-30 | 6.88% |
| 2012-03-31 | 7.44% |
| 2011-12-31 | 7.89% |
| 2011-09-30 | 6.44% |
| 2011-06-30 | 5.02% |
| 2011-03-31 | 5.07% |
| 2010-12-31 | 5.09% |
| 2010-09-30 | 5.31% |
| 2010-06-30 | 5.36% |
| 2010-03-31 | 5.99% |
| 2009-12-31 | 6.03% |
| 2009-09-30 | 4.83% |
| 2009-06-30 | 4.92% |
| 2009-03-31 | 4.97% |
| 2008-12-31 | 4.78% |
| 2008-09-30 | 4.50% |
| 2008-06-30 | 5.37% |
| 2008-03-31 | 5.70% |
| 2007-12-31 | 5.63% |
| 2007-09-30 | 5.88% |
| 2007-06-30 | 5.13% |
| 2007-03-31 | 5.22% |
| 2006-12-31 | 5.11% |
| 2006-09-30 | 5.18% |
| 2006-06-30 | 5.31% |
| 2006-03-31 | 5.30% |
| 2005-12-31 | 5.40% |
| 2005-09-30 | 5.34% |
| 2005-06-30 | 5.15% |
| 2005-03-31 | 5.04% |
| 2004-12-31 | 5.06% |
| 2004-09-30 | 5.35% |
| 2004-06-30 | 5.40% |
| 2004-03-31 | 5.08% |
| 2003-12-31 | 5.08% |
| 2003-09-30 | 4.96% |
| 2003-06-30 | 5.13% |
