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 17.85% is in line with its 5-year average of 17.55%, around the middle of its 5-year range (15.86%–19.40%).
As of the fiscal period ended Tuesday, June 30, 2026. 2.50% above its 12-month average of 17.41%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
17.85%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
17.41%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
18.12%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
17.55%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
17.41%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
17.59%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
17.48%
CURRENT VS TTM AVG
+2.50%
CURRENT VS 3Y AVG
-1.51%
CURRENT VS 5Y AVG
+1.69%
CURRENT VS 10Y AVG
+2.50%
CURRENT VS 15Y AVG
+1.47%
CURRENT VS 20Y AVG
+2.10%
SECTOR MEDIAN · CONSUMER CYCLICAL
10.97%
median of 96 covered companies
CURRENT VS SECTOR MEDIAN
+62.61%
vs the sector median at left
McDonald's Corporation
Market Cap
$181.75B
Return on Invested Capital (ROIC)
17.85%
TTM Avg
17.41%
3Y Avg
18.12%
5Y Avg
17.55%
Market Cap
$174.50B
Return on Invested Capital (ROIC)
19.98%
TTM Avg
21.09%
3Y Avg
22.36%
5Y Avg
21.19%
Market Cap
$142.41B
Return on Invested Capital (ROIC)
24.37%
TTM Avg
22.94%
3Y Avg
22.04%
5Y Avg
18.45%
Market Cap
$139.71B
Return on Invested Capital (ROIC)
71.23%
TTM Avg
47.48%
3Y Avg
38.26%
5Y Avg
26.91%
Market Cap
$226.71B
Return on Invested Capital (ROIC)
3.53%
TTM Avg
3.86%
3Y Avg
3.95%
5Y Avg
3.76%
Market Cap
$241.87B
Return on Invested Capital (ROIC)
9.55%
TTM Avg
10.13%
3Y Avg
11.92%
5Y Avg
10.90%
Market Cap
$116.29B
Return on Invested Capital (ROIC)
10.00%
TTM Avg
13.23%
3Y Avg
16.04%
5Y Avg
14.19%
Market Cap
$113.52B
Return on Invested Capital (ROIC)
17.16%
TTM Avg
23.32%
3Y Avg
22.85%
5Y Avg
14.25%
Market Cap
$112.60B
Return on Invested Capital (ROIC)
21.02%
TTM Avg
24.13%
3Y Avg
26.29%
5Y Avg
26.80%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| McDonald's Corporation (MCD) | $181.75B | 17.85% | 17.41% | 18.12% | 17.55% |
| Hermes International Societe en commandite par actions Unsponsored ADR (HESAY)vs › | $174.50B | 19.98% | 21.09% | 22.36% | 21.19% |
| The TJX Companies, Inc. (TJX)vs › | $142.41B | 24.37% | 22.94% | 22.04% | 18.45% |
| Booking Holdings Inc. (BKNG)vs › | $139.71B | 71.23% | 47.48% | 38.26% | 26.91% |
| Toyota Motor Corporation (TM)vs › | $226.71B | 3.53% | 3.86% | 3.95% | 3.76% |
| LVMH Moët Hennessy - Louis Vuitton, Société Européenne (LVMUY)vs › | $241.87B | 9.55% | 10.13% | 11.92% | 10.90% |
| Starbucks Corporation (SBUX)vs › | $116.29B | 10.00% | 13.23% | 16.04% | 14.19% |
| PDD Holdings Inc. (PDD)vs › | $113.52B | 17.16% | 23.32% | 22.85% | 14.25% |
| Lowe's Companies, Inc. (LOW)vs › | $112.60B | 21.02% | 24.13% | 26.29% | 26.80% |
| Airbnb, Inc. (ABNB)vs › | $103.59B | 20.73% | 19.29% | 18.51% | 2.19% |
ROIC
17.8%
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 | 17.85% |
| 2026-03-31 | 17.65% |
| 2025-12-31 | 17.66% |
| 2025-09-30 | 16.94% |
| 2025-06-30 | 16.97% |
| 2025-03-31 | 17.64% |
| 2024-12-31 | 18.14% |
| 2024-09-30 | 18.44% |
| 2024-06-30 | 18.68% |
| 2024-03-31 | 19.40% |
| 2023-12-31 | 18.21% |
| 2023-09-30 | 19.14% |
| 2023-06-30 | 18.86% |
| 2023-03-31 | 16.09% |
| 2022-12-31 | 15.86% |
| 2022-09-30 | 15.89% |
| 2022-06-30 | 16.13% |
| 2022-03-31 | 18.17% |
| 2021-12-31 | 17.18% |
| 2021-09-30 | 17.27% |
| 2021-06-30 | 16.38% |
| 2021-03-31 | 12.95% |
| 2020-12-31 | 11.59% |
| 2020-09-30 | 12.33% |
| 2020-06-30 | 11.96% |
| 2020-03-31 | 13.83% |
| 2019-12-31 | 15.51% |
| 2019-09-30 | 16.02% |
| 2019-06-30 | 15.56% |
| 2019-03-31 | 15.42% |
| 2018-12-31 | 22.41% |
| 2018-09-30 | 19.31% |
| 2018-06-30 | 20.31% |
| 2018-03-31 | 19.34% |
| 2017-12-31 | 18.71% |
| 2017-09-30 | 21.81% |
| 2017-06-30 | 18.86% |
| 2017-03-31 | 18.48% |
| 2016-12-31 | 19.13% |
| 2016-09-30 | 18.77% |
| 2016-06-30 | 17.20% |
| 2016-03-31 | 17.16% |
| 2015-12-31 | 14.11% |
| 2015-09-30 | 16.05% |
| 2015-06-30 | 14.14% |
| 2015-03-31 | 16.05% |
| 2014-12-31 | 16.30% |
| 2014-09-30 | 16.71% |
| 2014-06-30 | 16.86% |
| 2014-03-31 | 17.72% |
| 2013-12-31 | 17.84% |
| 2013-09-30 | 18.77% |
| 2013-06-30 | 18.58% |
| 2013-03-31 | 18.76% |
| 2012-12-31 | 18.20% |
| 2012-09-30 | 19.24% |
| 2012-06-30 | 19.16% |
| 2012-03-31 | 19.42% |
| 2011-12-31 | 19.63% |
| 2011-09-30 | 19.89% |
| 2011-06-30 | 18.60% |
| 2011-03-31 | 18.43% |
| 2010-12-31 | 18.17% |
| 2010-09-30 | 18.78% |
| 2010-06-30 | 19.37% |
| 2010-03-31 | 18.23% |
| 2009-12-31 | 17.61% |
| 2009-09-30 | 16.89% |
| 2009-06-30 | 16.72% |
| 2009-03-31 | 17.55% |
| 2008-12-31 | 17.39% |
| 2008-09-30 | 18.95% |
| 2008-06-30 | 16.23% |
| 2008-03-31 | 9.56% |
| 2007-12-31 | 9.43% |
| 2007-09-30 | 7.76% |
| 2007-06-30 | 7.16% |
| 2007-03-31 | 12.02% |
| 2006-12-31 | 11.68% |
| 2006-09-30 | 10.89% |
| 2006-06-30 | 10.31% |
| 2006-03-31 | 9.78% |
| 2005-12-31 | 10.44% |
| 2005-09-30 | 10.59% |
| 2005-06-30 | 10.74% |
| 2005-03-31 | 10.92% |
| 2004-12-31 | 10.00% |
| 2004-09-30 | 9.68% |
| 2004-06-30 | 8.76% |
| 2004-03-31 | 8.20% |
| 2003-12-31 | 7.75% |
| 2003-09-30 | 5.88% |
| 2003-06-30 | 5.47% |
