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 30.30% is 20% above its 5-year average of 25.30%, near the high end of its 5-year range (12.72%–30.30%).
As of the fiscal period ended Tuesday, June 30, 2026. 11.66% above its 12-month average of 27.13%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 30.30%.
RETURN ON INVESTED CAPITAL (ROIC)
30.30%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
27.13%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
24.36%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
25.30%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
19.89%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
20.35%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
20.46%
CURRENT VS TTM AVG
+11.66%
CURRENT VS 3Y AVG
+24.38%
CURRENT VS 5Y AVG
+19.76%
CURRENT VS 10Y AVG
+52.34%
CURRENT VS 15Y AVG
+48.92%
CURRENT VS 20Y AVG
+48.07%
SECTOR MEDIAN · CONSUMER DEFENSIVE
5.71%
median of 139 covered companies
CURRENT VS SECTOR MEDIAN
+430.62%
vs the sector median at left
Grand Canyon Education, Inc.
Market Cap
$4.02B
Return on Invested Capital (ROIC)
30.30%
TTM Avg
27.13%
3Y Avg
24.36%
5Y Avg
25.30%
Market Cap
$3.67B
Return on Invested Capital (ROIC)
15.90%
TTM Avg
17.13%
3Y Avg
16.75%
5Y Avg
14.26%
Market Cap
$4.54B
Return on Invested Capital (ROIC)
7.82%
TTM Avg
6.48%
3Y Avg
5.54%
5Y Avg
1.91%
Market Cap
$3.36B
Return on Invested Capital (ROIC)
16.10%
TTM Avg
14.89%
3Y Avg
12.38%
5Y Avg
10.74%
Market Cap
$3.33B
Return on Invested Capital (ROIC)
5.40%
TTM Avg
5.34%
3Y Avg
4.71%
5Y Avg
4.52%
Market Cap
$4.73B
Return on Invested Capital (ROIC)
9.25%
TTM Avg
9.25%
3Y Avg
8.62%
5Y Avg
8.69%
Market Cap
$3.17B
Return on Invested Capital (ROIC)
25.00%
TTM Avg
20.46%
3Y Avg
16.20%
5Y Avg
17.97%
Market Cap
$3.08B
Return on Invested Capital (ROIC)
6.02%
TTM Avg
4.06%
3Y Avg
0.23%
5Y Avg
-0.50%
Market Cap
$3.00B
Return on Invested Capital (ROIC)
0.52%
TTM Avg
25.46%
3Y Avg
26.07%
5Y Avg
18.52%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Grand Canyon Education, Inc. (LOPE) | $4.02B | 30.30% | 27.13% | 24.36% | 25.30% |
| Inter Parfums, Inc. (IPAR)vs › | $3.67B | 15.90% | 17.13% | 16.75% | 14.26% |
| The Chefs' Warehouse, Inc. (CHEF)vs › | $4.54B | 7.82% | 6.48% | 5.54% | 1.91% |
| Stride, Inc. (LRN)vs › | $3.36B | 16.10% | 14.89% | 12.38% | 10.74% |
| Post Holdings, Inc. (POST)vs › | $3.33B | 5.40% | 5.34% | 4.71% | 4.52% |
| Reynolds Consumer Products Inc. (REYN)vs › | $4.73B | 9.25% | 9.25% | 8.62% | 8.69% |
| The Vita Coco Company, Inc. (COCO)vs › | $3.17B | 25.00% | 20.46% | 16.20% | 17.97% |
| Freshpet, Inc. (FRPT)vs › | $3.08B | 6.02% | 4.06% | 0.23% | -0.50% |
| Cal-Maine Foods, Inc. (CALM)vs › | $3.00B | 0.52% | 25.46% | 26.07% | 18.52% |
| Tootsie Roll Industries, Inc. (TR)vs › | $2.83B | 5.71% | 6.47% | 7.51% | 6.73% |
ROIC
30.3%
ROE
33.5%
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 | 30.30% |
| 2026-03-31 | 28.71% |
| 2025-12-31 | 26.12% |
| 2025-09-30 | 25.60% |
| 2025-06-30 | 24.95% |
| 2025-03-31 | 24.10% |
| 2024-12-31 | 23.24% |
| 2024-09-30 | 24.07% |
| 2024-06-30 | 23.58% |
| 2024-03-31 | 23.30% |
| 2023-12-31 | 23.61% |
| 2023-09-30 | 24.68% |
| 2023-06-30 | 24.71% |
| 2023-03-31 | 24.21% |
| 2022-12-31 | 24.92% |
| 2022-09-30 | 27.98% |
| 2022-06-30 | 29.23% |
| 2022-03-31 | 27.10% |
| 2021-12-31 | 19.72% |
| 2021-09-30 | 13.94% |
| 2021-06-30 | 12.72% |
| 2021-03-31 | 12.46% |
| 2020-12-31 | 12.18% |
| 2020-09-30 | 11.98% |
| 2020-06-30 | 12.65% |
| 2020-03-31 | 13.19% |
| 2019-12-31 | 13.29% |
| 2019-09-30 | 12.72% |
| 2019-06-30 | 11.78% |
| 2019-03-31 | 12.67% |
| 2018-12-31 | 16.09% |
| 2018-09-30 | 17.41% |
| 2018-06-30 | 19.01% |
| 2018-03-31 | 19.32% |
| 2017-12-31 | 18.91% |
| 2017-09-30 | 18.06% |
| 2017-06-30 | 18.06% |
| 2017-03-31 | 17.59% |
| 2016-12-31 | 16.63% |
| 2016-09-30 | 16.95% |
| 2016-06-30 | 17.72% |
| 2016-03-31 | 18.88% |
| 2015-12-31 | 18.46% |
| 2015-09-30 | 18.60% |
| 2015-06-30 | 18.96% |
| 2015-03-31 | 19.34% |
| 2014-12-31 | 19.22% |
| 2014-09-30 | 19.40% |
| 2014-06-30 | 19.04% |
| 2014-03-31 | 19.13% |
| 2013-12-31 | 19.19% |
| 2013-09-30 | 19.31% |
| 2013-06-30 | 19.64% |
| 2013-03-31 | 20.19% |
| 2012-12-31 | 20.02% |
| 2012-09-30 | 25.64% |
| 2012-06-30 | 25.43% |
| 2012-03-31 | 26.16% |
| 2011-12-31 | 26.83% |
| 2011-09-30 | 25.67% |
| 2011-06-30 | 26.53% |
| 2011-03-31 | 27.57% |
| 2010-12-31 | 27.41% |
| 2010-09-30 | 31.26% |
| 2010-06-30 | 27.65% |
| 2010-03-31 | 25.55% |
| 2009-12-31 | 24.54% |
| 2009-09-30 | 18.93% |
| 2009-06-30 | 21.03% |
| 2009-03-31 | 13.64% |
| 2008-12-31 | 44.60% |
| 2008-09-30 | -50.43% |
| 2008-06-30 | -12.68% |
| 2007-12-31 | 7.34% |
| 2006-12-31 | 7.27% |
