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 10.87% is 37% below its 5-year average of 17.37%, near the low end of its 5-year range (8.03%–21.25%).
As of the fiscal period ended Sunday, May 31, 2026. 7.46% above its 12-month average of 10.11%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
10.87%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
10.11%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
14.52%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
17.37%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
17.99%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
19.30%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
19.17%
CURRENT VS TTM AVG
+7.46%
CURRENT VS 3Y AVG
-25.14%
CURRENT VS 5Y AVG
-37.43%
CURRENT VS 10Y AVG
-39.58%
CURRENT VS 15Y AVG
-43.68%
CURRENT VS 20Y AVG
-43.30%
SECTOR MEDIAN · CONSUMER CYCLICAL
10.97%
median of 96 covered companies
CURRENT VS SECTOR MEDIAN
-0.97%
vs the sector median at left
NIKE, Inc.
Market Cap
$55.83B
Return on Invested Capital (ROIC)
10.87%
TTM Avg
10.11%
3Y Avg
14.52%
5Y Avg
17.37%
Market Cap
$56.23B
Return on Invested Capital (ROIC)
1.61%
TTM Avg
1.44%
3Y Avg
2.09%
5Y Avg
1.44%
Market Cap
$47.40B
Return on Invested Capital (ROIC)
26.21%
TTM Avg
32.49%
3Y Avg
34.03%
5Y Avg
34.64%
Market Cap
$46.52B
Return on Invested Capital (ROIC)
18.22%
TTM Avg
18.59%
3Y Avg
17.18%
5Y Avg
14.25%
Market Cap
$65.26B
Return on Invested Capital (ROIC)
8.55%
TTM Avg
5.58%
3Y Avg
-0.58%
5Y Avg
-6.38%
Market Cap
$45.59B
Return on Invested Capital (ROIC)
15.94%
TTM Avg
13.93%
3Y Avg
12.31%
5Y Avg
11.66%
Market Cap
$68.39B
Return on Invested Capital (ROIC)
16.55%
TTM Avg
15.98%
3Y Avg
14.34%
5Y Avg
10.05%
Market Cap
$69.38B
Return on Invested Capital (ROIC)
14.59%
TTM Avg
14.57%
3Y Avg
9.20%
5Y Avg
1.14%
Market Cap
$70.86B
Return on Invested Capital (ROIC)
19.03%
TTM Avg
19.49%
3Y Avg
18.52%
5Y Avg
16.61%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| NIKE, Inc. (NKE) | $55.83B | 10.87% | 10.11% | 14.52% | 17.37% |
| Ford Motor Company (F)vs › | $56.23B | 1.61% | 1.44% | 2.09% | 1.44% |
| AutoZone, Inc. (AZO)vs › | $47.40B | 26.21% | 32.49% | 34.03% | 34.64% |
| Chipotle Mexican Grill, Inc. (CMG)vs › | $46.52B | 18.22% | 18.59% | 17.18% | 14.25% |
| Sea Limited (SE)vs › | $65.26B | 8.55% | 5.58% | -0.58% | -6.38% |
| eBay Inc. (EBAY)vs › | $45.59B | 15.94% | 13.93% | 12.31% | 11.66% |
| Hilton Worldwide Holdings Inc. (HLT)vs › | $68.39B | 16.55% | 15.98% | 14.34% | 10.05% |
| Royal Caribbean Cruises Ltd. (RCL)vs › | $69.38B | 14.59% | 14.57% | 9.20% | 1.14% |
| Ferrari N.V. (RACE)vs › | $70.86B | 19.03% | 19.49% | 18.52% | 16.61% |
| O'Reilly Automotive, Inc. (ORLY)vs › | $71.00B | 36.25% | 36.73% | 38.72% | 37.25% |
ROIC
10.9%
ROE
20.9%
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) |
|---|---|
| 2026-05-31 | 10.87% |
| 2026-02-28 | 8.03% |
| 2025-11-30 | 9.17% |
| 2025-08-31 | 10.71% |
| 2025-05-31 | 11.79% |
| 2025-02-28 | 15.22% |
| 2024-11-30 | 16.46% |
| 2024-08-31 | 17.46% |
| 2024-05-31 | 18.82% |
| 2024-02-29 | 17.77% |
| 2023-11-30 | 18.09% |
| 2023-08-31 | 17.25% |
| 2023-05-31 | 17.10% |
| 2023-02-28 | 18.23% |
| 2022-11-30 | 18.40% |
| 2022-08-31 | 18.02% |
| 2022-05-31 | 20.16% |
| 2022-02-28 | 20.52% |
| 2021-11-30 | 20.72% |
| 2021-08-31 | 21.21% |
| 2021-05-31 | 21.25% |
| 2021-02-28 | 13.13% |
| 2020-11-30 | 12.37% |
| 2020-08-31 | 11.92% |
| 2020-05-31 | 11.75% |
| 2020-02-29 | 25.25% |
| 2019-11-30 | 24.04% |
| 2019-08-31 | 22.84% |
| 2019-05-31 | 25.24% |
| 2019-02-28 | 26.84% |
| 2018-11-30 | 16.86% |
| 2018-08-31 | 16.27% |
| 2018-05-31 | 14.52% |
| 2018-02-28 | 14.24% |
| 2017-11-30 | 20.78% |
| 2017-08-31 | 21.75% |
| 2017-05-31 | 22.75% |
| 2017-02-28 | 21.91% |
| 2016-11-30 | 21.63% |
| 2016-08-31 | 23.34% |
| 2016-05-31 | 22.79% |
| 2016-02-29 | 22.97% |
| 2015-11-30 | 20.57% |
| 2015-08-31 | 22.00% |
| 2015-05-31 | 21.04% |
| 2015-02-28 | 20.74% |
| 2014-11-30 | 21.26% |
| 2014-08-31 | 21.32% |
| 2014-05-31 | 20.30% |
| 2014-02-28 | 19.95% |
| 2013-11-30 | 19.34% |
| 2013-08-31 | 19.28% |
| 2013-05-31 | 17.84% |
| 2013-02-28 | 18.90% |
| 2012-11-30 | 19.16% |
| 2012-08-31 | 19.09% |
| 2012-05-31 | 19.48% |
| 2012-02-29 | 20.05% |
| 2011-11-30 | 20.10% |
| 2011-08-31 | 19.48% |
| 2011-05-31 | 18.48% |
| 2011-02-28 | 17.93% |
| 2010-11-30 | 17.45% |
| 2010-08-31 | 17.34% |
| 2010-05-31 | 16.74% |
| 2010-02-28 | 16.85% |
| 2009-11-30 | 17.47% |
| 2009-08-31 | 17.94% |
| 2009-05-31 | 18.03% |
| 2009-02-28 | 19.38% |
| 2008-11-30 | 18.37% |
| 2008-09-30 | 18.68% |
| 2008-05-31 | 19.68% |
| 2008-02-29 | 19.59% |
| 2007-11-30 | 18.88% |
| 2007-08-31 | 19.11% |
| 2007-05-31 | 17.55% |
| 2007-02-28 | 16.87% |
| 2006-11-30 | 17.51% |
| 2006-08-31 | 18.14% |
| 2006-05-31 | 18.17% |
| 2006-02-28 | 18.35% |
| 2005-11-30 | 18.46% |
| 2005-08-31 | 18.39% |
| 2005-05-31 | 17.96% |
| 2005-02-28 | 17.94% |
| 2004-11-30 | 16.94% |
| 2004-08-31 | 16.96% |
| 2004-05-31 | 16.76% |
| 2004-02-29 | 16.54% |
| 2003-11-30 | 15.66% |
| 2003-08-31 | 16.03% |
| 2003-05-31 | 16.16% |
