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 9.74% is 16% above its 5-year average of 8.42%, near the high end of its 5-year range (3.71%–12.28%).
As of the fiscal period ended Thursday, April 30, 2026. 0.43% below its 12-month average of 9.78%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
9.74%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
9.78%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
8.36%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
8.42%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
8.44%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
6.80%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
6.27%
CURRENT VS TTM AVG
-0.43%
CURRENT VS 3Y AVG
+16.51%
CURRENT VS 5Y AVG
+15.77%
CURRENT VS 10Y AVG
+15.37%
CURRENT VS 15Y AVG
+43.24%
CURRENT VS 20Y AVG
+55.27%
SECTOR MEDIAN · CONSUMER CYCLICAL
10.97%
median of 96 covered companies
CURRENT VS SECTOR MEDIAN
-11.23%
vs the sector median at left
Vail Resorts, Inc.
Market Cap
$4.81B
Return on Invested Capital (ROIC)
9.74%
TTM Avg
9.78%
3Y Avg
8.36%
5Y Avg
8.42%
Market Cap
$5.35B
Return on Invested Capital (ROIC)
7.19%
TTM Avg
5.48%
3Y Avg
4.37%
5Y Avg
4.22%
Market Cap
$4.01B
Return on Invested Capital (ROIC)
3.54%
TTM Avg
5.31%
3Y Avg
9.90%
5Y Avg
10.26%
Market Cap
$5.63B
Return on Invested Capital (ROIC)
18.10%
TTM Avg
19.37%
3Y Avg
19.61%
5Y Avg
26.64%
Market Cap
$6.06B
Return on Invested Capital (ROIC)
6.67%
TTM Avg
6.23%
3Y Avg
5.01%
5Y Avg
8.15%
Market Cap
$6.46B
Return on Invested Capital (ROIC)
5.62%
TTM Avg
6.91%
3Y Avg
8.54%
5Y Avg
8.63%
Market Cap
$2.98B
Return on Invested Capital (ROIC)
25.21%
TTM Avg
21.27%
3Y Avg
22.22%
5Y Avg
22.87%
Market Cap
$6.65B
Return on Invested Capital (ROIC)
20.97%
TTM Avg
22.98%
3Y Avg
20.90%
5Y Avg
16.22%
Market Cap
$2.91B
Return on Invested Capital (ROIC)
8.95%
TTM Avg
9.18%
3Y Avg
9.38%
5Y Avg
10.17%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Vail Resorts, Inc. (MTN) | $4.81B | 9.74% | 9.78% | 8.36% | 8.42% |
| The Cheesecake Factory Incorporated (CAKE)vs › | $5.35B | 7.19% | 5.48% | 4.37% | 4.22% |
| Thor Industries, Inc. (THO)vs › | $4.01B | 3.54% | 5.31% | 9.90% | 10.26% |
| Crocs, Inc. (CROX)vs › | $5.63B | 18.10% | 19.37% | 19.61% | 26.64% |
| Macy's, Inc. (M)vs › | $6.06B | 6.67% | 6.23% | 5.01% | 8.15% |
| LKQ Corporation (LKQ)vs › | $6.46B | 5.62% | 6.91% | 8.54% | 8.63% |
| Wingstop Inc. (WING)vs › | $2.98B | 25.21% | 21.27% | 22.22% | 22.87% |
| Abercrombie & Fitch Co. (ANF)vs › | $6.65B | 20.97% | 22.98% | 20.90% | 16.22% |
| American Eagle Outfitters, Inc. (AEO)vs › | $2.91B | 8.95% | 9.18% | 9.38% | 10.17% |
| Advance Auto Parts, Inc. (AAP)vs › | $2.66B | 3.49% | 2.10% | -1.23% | 2.84% |
ROIC
9.7%
ROE
32.3%
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) |
|---|---|
| 2026-04-30 | 9.74% |
| 2026-01-31 | 12.28% |
| 2025-10-31 | 9.19% |
| 2025-07-31 | 8.81% |
| 2025-04-30 | 8.90% |
| 2025-01-31 | 8.89% |
| 2024-10-31 | 8.03% |
| 2024-07-31 | 7.54% |
| 2024-04-30 | 8.29% |
| 2024-01-31 | 7.64% |
| 2023-10-31 | 7.76% |
| 2023-07-31 | 7.89% |
| 2023-04-30 | 7.67% |
| 2023-01-31 | 8.52% |
| 2022-10-31 | 9.68% |
| 2022-07-31 | 9.20% |
| 2022-04-30 | 8.29% |
| 2022-01-31 | 7.04% |
| 2021-10-31 | 5.05% |
| 2021-07-31 | 4.82% |
| 2021-04-30 | 3.71% |
| 2021-01-31 | 1.74% |
| 2020-10-31 | 3.42% |
| 2020-07-31 | 4.45% |
| 2020-04-30 | 5.63% |
| 2020-01-31 | 9.24% |
| 2019-10-31 | 9.17% |
| 2019-07-31 | 10.28% |
| 2019-04-30 | 10.31% |
| 2019-01-31 | 10.19% |
| 2018-10-31 | 11.08% |
| 2018-07-31 | 11.65% |
| 2018-04-30 | 11.59% |
| 2018-01-31 | 10.50% |
| 2017-10-31 | 9.02% |
| 2017-07-31 | 7.12% |
| 2017-04-30 | 7.28% |
| 2017-01-31 | 6.20% |
| 2016-10-31 | 5.08% |
| 2016-07-31 | 8.76% |
| 2016-04-30 | 8.12% |
| 2016-01-31 | 7.71% |
| 2015-10-31 | 8.37% |
| 2015-07-31 | 7.69% |
| 2015-04-30 | 7.76% |
| 2015-01-31 | 8.07% |
| 2014-10-31 | 4.27% |
| 2014-07-31 | 4.06% |
| 2014-04-30 | 3.89% |
| 2014-01-31 | 2.96% |
| 2013-10-31 | 2.87% |
| 2013-07-31 | 3.14% |
| 2013-04-30 | 3.55% |
| 2013-01-31 | 2.71% |
| 2012-10-31 | 1.86% |
| 2012-07-31 | 2.14% |
| 2012-04-30 | 1.92% |
| 2012-01-31 | 2.27% |
| 2011-10-31 | 2.92% |
| 2011-07-31 | 3.44% |
| 2011-04-30 | 3.56% |
| 2011-01-31 | 3.62% |
| 2010-10-31 | 3.09% |
| 2010-07-31 | 2.82% |
| 2010-04-30 | 2.93% |
| 2010-01-31 | 2.47% |
| 2009-10-31 | 3.90% |
| 2009-07-31 | 4.19% |
| 2009-04-30 | 5.62% |
| 2009-01-31 | 7.56% |
| 2008-10-31 | 7.29% |
| 2008-07-31 | 6.93% |
| 2008-04-30 | 4.80% |
| 2008-01-31 | 4.53% |
| 2007-10-31 | 5.04% |
| 2007-07-31 | 4.92% |
| 2007-04-30 | 5.12% |
| 2007-01-31 | 5.03% |
| 2006-10-31 | 4.57% |
| 2006-07-31 | 4.46% |
| 2006-04-30 | 4.45% |
| 2006-01-31 | 4.38% |
| 2005-10-31 | 3.96% |
| 2005-07-31 | 4.17% |
| 2005-04-30 | 3.46% |
| 2005-01-31 | 4.14% |
| 2004-10-31 | 5.38% |
| 2004-07-31 | 6.13% |
| 2004-04-30 | 4.84% |
| 2004-01-31 | 3.02% |
| 2003-10-31 | 2.88% |
| 2003-07-31 | 2.36% |
| 2003-04-30 | 2.86% |
