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 21.02% is 23% below its 5-year average of 27.26%, near the low end of its 5-year range (20.81%–33.73%).
As of the fiscal period ended Friday, July 31, 2026. 5.15% below its 12-month average of 22.17%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-07-31): 21.02%.
RETURN ON INVESTED CAPITAL (ROIC)
21.02%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
22.17%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
26.11%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
27.26%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
22.30%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
18.53%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
16.50%
CURRENT VS TTM AVG
-5.15%
CURRENT VS 3Y AVG
-19.48%
CURRENT VS 5Y AVG
-22.86%
CURRENT VS 10Y AVG
-5.74%
CURRENT VS 15Y AVG
+13.44%
CURRENT VS 20Y AVG
+27.39%
SECTOR MEDIAN · CONSUMER CYCLICAL
10.97%
median of 96 covered companies
CURRENT VS SECTOR MEDIAN
+91.56%
vs the sector median at left
Lowe's Companies, Inc.
Market Cap
$109.89B
Return on Invested Capital (ROIC)
21.02%
TTM Avg
22.17%
3Y Avg
26.11%
5Y Avg
27.26%
Market Cap
$110.84B
Return on Invested Capital (ROIC)
17.16%
TTM Avg
23.32%
3Y Avg
22.85%
5Y Avg
14.25%
Market Cap
$115.29B
Return on Invested Capital (ROIC)
10.00%
TTM Avg
13.23%
3Y Avg
16.04%
5Y Avg
14.19%
Market Cap
$100.66B
Return on Invested Capital (ROIC)
20.73%
TTM Avg
19.29%
3Y Avg
18.51%
5Y Avg
2.19%
Market Cap
$95.81B
Return on Invested Capital (ROIC)
11.63%
TTM Avg
15.13%
3Y Avg
13.90%
5Y Avg
10.34%
Market Cap
$91.30B
Return on Invested Capital (ROIC)
4.74%
TTM Avg
8.93%
3Y Avg
10.48%
5Y Avg
8.33%
Market Cap
$86.71B
Return on Invested Capital (ROIC)
18.61%
TTM Avg
15.33%
3Y Avg
16.05%
5Y Avg
12.13%
Market Cap
$135.95B
Return on Invested Capital (ROIC)
71.23%
TTM Avg
47.48%
3Y Avg
38.26%
5Y Avg
26.91%
Market Cap
$139.68B
Return on Invested Capital (ROIC)
24.37%
TTM Avg
22.94%
3Y Avg
22.04%
5Y Avg
18.45%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Lowe's Companies, Inc. (LOW) | $109.89B | 21.02% | 22.17% | 26.11% | 27.26% |
| PDD Holdings Inc. (PDD)vs › | $110.84B | 17.16% | 23.32% | 22.85% | 14.25% |
| Starbucks Corporation (SBUX)vs › | $115.29B | 10.00% | 13.23% | 16.04% | 14.19% |
| Airbnb, Inc. (ABNB)vs › | $100.66B | 20.73% | 19.29% | 18.51% | 2.19% |
| MercadoLibre, Inc. (MELI)vs › | $95.81B | 11.63% | 15.13% | 13.90% | 10.34% |
| BYD Company Limited (BYDDY)vs › | $91.30B | 4.74% | 8.93% | 10.48% | 8.33% |
| Marriott International, Inc. (MAR)vs › | $86.71B | 18.61% | 15.33% | 16.05% | 12.13% |
| Booking Holdings Inc. (BKNG)vs › | $135.95B | 71.23% | 47.48% | 38.26% | 26.91% |
| The TJX Companies, Inc. (TJX)vs › | $139.68B | 24.37% | 22.94% | 22.04% | 18.45% |
| Carvana Co. (CVNA)vs › | $78.45B | 17.35% | 14.52% | 2.24% | -0.85% |
ROIC
21.0%
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) |
|---|---|
| 2026-07-31 | 21.02% |
| 2026-05-01 | 21.63% |
| 2026-01-30 | 20.81% |
| 2025-10-31 | 20.97% |
| 2025-08-01 | 26.40% |
| 2025-05-02 | 28.24% |
| 2025-01-31 | 27.47% |
| 2024-11-01 | 27.74% |
| 2024-08-02 | 27.92% |
| 2024-05-03 | 29.85% |
| 2024-01-31 | 30.46% |
| 2023-11-03 | 32.03% |
| 2023-08-04 | 24.88% |
| 2023-05-05 | 25.96% |
| 2023-01-31 | 26.44% |
| 2022-10-28 | 27.17% |
| 2022-07-29 | 33.73% |
| 2022-04-29 | 31.91% |
| 2022-01-31 | 32.34% |
| 2021-10-29 | 28.12% |
| 2021-07-30 | 27.61% |
| 2021-04-30 | 27.39% |
| 2021-01-31 | 23.31% |
| 2020-10-30 | 20.87% |
| 2020-07-31 | 19.39% |
| 2020-05-01 | 17.27% |
| 2020-01-31 | 16.66% |
| 2019-11-01 | 12.96% |
| 2019-08-02 | 11.32% |
| 2019-05-03 | 10.44% |
| 2019-01-31 | 12.46% |
| 2018-11-02 | 18.20% |
| 2018-08-03 | 18.66% |
| 2018-05-04 | 18.18% |
| 2018-01-31 | 16.80% |
| 2017-11-03 | 18.07% |
| 2017-08-04 | 16.00% |
| 2017-05-05 | 14.97% |
| 2017-01-31 | 14.64% |
| 2016-10-28 | 11.86% |
| 2016-07-29 | 12.87% |
| 2016-04-29 | 12.80% |
| 2016-01-31 | 12.77% |
| 2015-10-30 | 14.72% |
| 2015-07-31 | 14.64% |
| 2015-05-01 | 13.67% |
| 2015-01-31 | 13.13% |
| 2014-10-31 | 12.09% |
| 2014-08-01 | 12.01% |
| 2014-05-02 | 11.41% |
| 2014-01-31 | 10.63% |
| 2013-11-01 | 10.33% |
| 2013-08-02 | 10.14% |
| 2013-05-03 | 9.21% |
| 2013-01-31 | 8.89% |
| 2012-11-02 | 8.88% |
| 2012-08-03 | 7.78% |
| 2012-05-04 | 8.01% |
| 2012-01-31 | 7.89% |
| 2011-10-28 | 7.99% |
| 2011-07-29 | 8.63% |
| 2011-04-29 | 8.43% |
| 2011-01-31 | 8.33% |
| 2010-10-29 | 7.94% |
| 2010-07-30 | 7.63% |
| 2010-04-30 | 7.23% |
| 2010-01-31 | 7.41% |
| 2009-10-30 | 7.43% |
| 2009-07-31 | 8.01% |
| 2009-05-01 | 8.94% |
| 2009-01-31 | 9.23% |
| 2008-10-31 | 10.45% |
| 2008-08-01 | 11.33% |
| 2008-05-02 | 11.80% |
| 2008-01-31 | 12.09% |
| 2007-11-02 | 13.60% |
| 2007-08-03 | 14.40% |
| 2007-05-04 | 14.49% |
| 2007-01-31 | 15.00% |
| 2006-11-03 | 15.94% |
| 2006-08-04 | 16.49% |
| 2006-05-05 | 16.30% |
| 2006-01-31 | 15.16% |
| 2005-10-28 | 14.03% |
| 2005-07-29 | 14.53% |
| 2005-04-29 | 14.47% |
| 2005-01-31 | 14.09% |
| 2004-10-29 | 15.86% |
| 2004-07-30 | 16.03% |
| 2004-04-30 | 15.35% |
| 2004-01-31 | 15.36% |
| 2003-10-31 | 13.30% |
| 2003-08-01 | 13.05% |
