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 8.28% is in line with its 5-year average of 8.07%, around the middle of its 5-year range (2.19%–17.31%).
As of the fiscal period ended Saturday, August 1, 2026. 28.08% above its 12-month average of 6.46%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-08-01): 8.28%.
RETURN ON INVESTED CAPITAL (ROIC)
8.28%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
6.46%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
5.06%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
8.07%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
7.68%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
8.74%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
8.08%
CURRENT VS TTM AVG
+28.08%
CURRENT VS 3Y AVG
+63.79%
CURRENT VS 5Y AVG
+2.61%
CURRENT VS 10Y AVG
+7.83%
CURRENT VS 15Y AVG
-5.21%
CURRENT VS 20Y AVG
+2.44%
SECTOR MEDIAN · CONSUMER CYCLICAL
10.97%
median of 96 covered companies
CURRENT VS SECTOR MEDIAN
-24.55%
vs the sector median at left
Macy's, Inc.
Market Cap
$5.90B
Return on Invested Capital (ROIC)
8.28%
TTM Avg
6.46%
3Y Avg
5.06%
5Y Avg
8.07%
Market Cap
$5.92B
Return on Invested Capital (ROIC)
18.10%
TTM Avg
19.37%
3Y Avg
19.61%
5Y Avg
26.64%
Market Cap
$5.86B
Return on Invested Capital (ROIC)
5.62%
TTM Avg
6.91%
3Y Avg
8.54%
5Y Avg
8.63%
Market Cap
$6.03B
Return on Invested Capital (ROIC)
5.41%
TTM Avg
5.06%
3Y Avg
-0.33%
5Y Avg
-3.66%
Market Cap
$6.10B
Return on Invested Capital (ROIC)
20.97%
TTM Avg
22.98%
3Y Avg
20.90%
5Y Avg
16.22%
Market Cap
$6.61B
Return on Invested Capital (ROIC)
8.01%
TTM Avg
9.10%
3Y Avg
3.40%
5Y Avg
-3.91%
Market Cap
$5.00B
Return on Invested Capital (ROIC)
9.74%
TTM Avg
8.22%
3Y Avg
8.38%
5Y Avg
7.13%
Market Cap
$4.95B
Return on Invested Capital (ROIC)
7.19%
TTM Avg
5.48%
3Y Avg
4.37%
5Y Avg
4.22%
Market Cap
$6.96B
Return on Invested Capital (ROIC)
20.66%
TTM Avg
13.77%
3Y Avg
2.20%
5Y Avg
7.34%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Macy's, Inc. (M) | $5.90B | 8.28% | 6.46% | 5.06% | 8.07% |
| Crocs, Inc. (CROX)vs › | $5.92B | 18.10% | 19.37% | 19.61% | 26.64% |
| LKQ Corporation (LKQ)vs › | $5.86B | 5.62% | 6.91% | 8.54% | 8.63% |
| CAVA Group, Inc. (CAVA)vs › | $6.03B | 5.41% | 5.06% | -0.33% | -3.66% |
| Abercrombie & Fitch Co. (ANF)vs › | $6.10B | 20.97% | 22.98% | 20.90% | 16.22% |
| Norwegian Cruise Line Holdings Ltd. (NCLH)vs › | $6.61B | 8.01% | 9.10% | 3.40% | -3.91% |
| Vail Resorts, Inc. (MTN)vs › | $5.00B | 9.74% | 8.22% | 8.38% | 7.13% |
| The Cheesecake Factory Incorporated (CAKE)vs › | $4.95B | 7.19% | 5.48% | 4.37% | 4.22% |
| Etsy, Inc. (ETSY)vs › | $6.96B | 20.66% | 13.77% | 2.20% | 7.34% |
| Mohawk Industries, Inc. (MHK)vs › | $7.23B | 4.46% | 4.39% | 1.85% | 3.49% |
ROIC
8.3%
ROE
5.1%
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) |
|---|---|
| 2026-08-01 | 8.28% |
| 2026-05-02 | 6.67% |
| 2026-01-31 | 6.63% |
| 2025-11-01 | 5.41% |
| 2025-08-02 | 5.33% |
| 2025-05-03 | 5.71% |
| 2025-02-01 | 5.83% |
| 2024-11-02 | 2.20% |
| 2024-08-03 | 2.35% |
| 2024-05-04 | 2.19% |
| 2024-01-31 | 2.77% |
| 2023-10-28 | 7.29% |
| 2023-07-29 | 8.11% |
| 2023-04-29 | 9.79% |
| 2023-01-31 | 11.18% |
| 2022-10-29 | 13.44% |
| 2022-07-30 | 15.66% |
| 2022-04-30 | 17.31% |
| 2022-01-31 | 14.79% |
| 2021-10-30 | 10.45% |
| 2021-07-31 | 6.16% |
| 2021-05-01 | -1.10% |
| 2021-01-31 | -34.97% |
| 2020-10-31 | -32.96% |
| 2020-08-01 | -31.12% |
| 2020-05-02 | -24.75% |
| 2020-01-31 | 4.70% |
| 2019-11-02 | 7.03% |
| 2019-08-03 | 7.40% |
| 2019-05-04 | 8.21% |
| 2019-01-31 | 9.59% |
| 2018-11-03 | 13.60% |
| 2018-08-04 | 13.14% |
| 2018-05-05 | 12.75% |
| 2018-01-31 | 12.81% |
| 2017-10-28 | 6.57% |
| 2017-07-29 | 6.41% |
| 2017-04-29 | 5.46% |
| 2017-01-31 | 5.82% |
| 2016-10-29 | 6.13% |
| 2016-07-30 | 6.62% |
| 2016-04-30 | 7.93% |
| 2016-01-31 | 8.40% |
| 2015-10-31 | 10.32% |
| 2015-08-01 | 10.91% |
| 2015-05-02 | 11.08% |
| 2015-01-31 | 11.18% |
| 2014-11-01 | 11.89% |
| 2014-08-02 | 11.02% |
| 2014-05-03 | 11.08% |
| 2014-01-31 | 10.63% |
| 2013-11-02 | 11.09% |
| 2013-08-03 | 10.83% |
| 2013-05-04 | 10.71% |
| 2013-01-31 | 10.55% |
| 2012-10-27 | 10.52% |
| 2012-07-28 | 10.13% |
| 2012-04-28 | 9.83% |
| 2012-01-31 | 9.09% |
| 2011-10-29 | 9.32% |
| 2011-07-30 | 8.59% |
| 2011-04-30 | 8.25% |
| 2011-01-31 | 7.59% |
| 2010-10-30 | 6.45% |
| 2010-07-31 | 5.93% |
| 2010-05-01 | 4.88% |
| 2010-01-31 | 4.29% |
| 2009-10-31 | -27.39% |
| 2009-08-01 | -26.98% |
| 2009-04-30 | -26.49% |
| 2009-01-31 | -24.34% |
| 2008-11-01 | 4.82% |
| 2008-08-02 | 5.01% |
| 2008-05-03 | 5.17% |
| 2008-01-31 | 5.56% |
| 2007-11-03 | 5.17% |
| 2007-08-04 | 5.05% |
| 2007-05-05 | 5.76% |
| 2007-01-31 | 5.26% |
| 2006-10-28 | 4.98% |
| 2006-07-29 | 6.59% |
| 2006-04-29 | 5.51% |
| 2006-01-31 | 6.02% |
| 2005-10-29 | 4.83% |
| 2005-07-30 | 7.46% |
| 2005-04-30 | 7.44% |
| 2005-01-31 | 7.31% |
| 2004-10-30 | 8.11% |
| 2004-07-31 | 7.99% |
| 2004-05-01 | 7.70% |
| 2004-01-31 | 7.41% |
| 2003-10-31 | 6.55% |
| 2003-08-02 | 6.66% |
