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 17.09% is 91% above its 5-year average of 8.94%, near the high end of its 5-year range (-13.73%–17.09%).
As of the fiscal period ended Tuesday, June 30, 2026. 4.56% above its 12-month average of 16.35%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 17.09%.
RETURN ON INVESTED CAPITAL (ROIC)
17.09%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
16.35%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
13.25%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
8.94%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
+4.56%
CURRENT VS 3Y AVG
+28.96%
CURRENT VS 5Y AVG
+91.23%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · CONSUMER CYCLICAL
11.38%
median of 102 covered companies
CURRENT VS SECTOR MEDIAN
+50.12%
vs the sector median at left
On Holding AG
Market Cap
$10.28B
Return on Invested Capital (ROIC)
17.09%
TTM Avg
16.35%
3Y Avg
13.25%
5Y Avg
8.94%
Market Cap
$9.85B
Return on Invested Capital (ROIC)
64.75%
TTM Avg
56.27%
3Y Avg
55.19%
5Y Avg
55.86%
Market Cap
$10.73B
Return on Invested Capital (ROIC)
20.81%
TTM Avg
26.66%
3Y Avg
27.05%
5Y Avg
25.88%
Market Cap
$10.77B
Return on Invested Capital (ROIC)
34.54%
TTM Avg
32.91%
3Y Avg
30.05%
5Y Avg
28.01%
Market Cap
$10.80B
Return on Invested Capital (ROIC)
-6.61%
TTM Avg
2.71%
3Y Avg
2.09%
5Y Avg
0.74%
Market Cap
$9.51B
Return on Invested Capital (ROIC)
17.90%
TTM Avg
15.42%
3Y Avg
17.82%
5Y Avg
17.34%
Market Cap
$11.08B
Return on Invested Capital (ROIC)
3.84%
TTM Avg
1.21%
3Y Avg
-4.03%
5Y Avg
-8.65%
Market Cap
$9.22B
Return on Invested Capital (ROIC)
-6.69%
TTM Avg
-11.74%
3Y Avg
-27.64%
5Y Avg
-31.58%
Market Cap
$9.21B
Return on Invested Capital (ROIC)
N/A
TTM Avg
6.64%
3Y Avg
7.08%
5Y Avg
7.04%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| On Holding AG (ONON) | $10.28B | 17.09% | 16.35% | 13.25% | 8.94% |
| Domino's Pizza, Inc. (DPZ)vs › | $9.85B | 64.75% | 56.27% | 55.19% | 55.86% |
| Lululemon Athletica Inc. (LULU)vs › | $10.73B | 20.81% | 26.66% | 27.05% | 25.88% |
| Deckers Outdoor Corporation (DECK)vs › | $10.77B | 34.54% | 32.91% | 30.05% | 28.01% |
| Li Auto Inc. (LI)vs › | $10.80B | -6.61% | 2.71% | 2.09% | 0.74% |
| Murphy USA Inc. (MUSA)vs › | $9.51B | 17.90% | 15.42% | 17.82% | 17.34% |
| GameStop Corp. (GME)vs › | $11.08B | 3.84% | 1.21% | -4.03% | -8.65% |
| DraftKings Inc. (DKNG)vs › | $9.22B | -6.69% | -11.74% | -27.64% | -31.58% |
| Aptiv PLC (APTV)vs › | $9.21B | N/A | 6.64% | 7.08% | 7.04% |
| DICK'S Sporting Goods, Inc. (DKS)vs › | $11.63B | 7.22% | 11.53% | 12.86% | 15.18% |
ROIC
17.1%
ROE
21.1%
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) |
|---|---|
| 2026-06-30 | 17.09% |
| 2026-03-31 | 17.05% |
| 2025-12-31 | 16.30% |
| 2025-09-30 | 16.54% |
| 2025-06-30 | 14.75% |
| 2025-03-31 | 12.91% |
| 2024-12-31 | 11.00% |
| 2024-09-30 | 11.01% |
| 2024-06-30 | 10.20% |
| 2024-03-31 | 11.60% |
| 2023-12-31 | 13.19% |
| 2023-09-30 | 10.40% |
| 2023-06-30 | 10.25% |
| 2023-03-31 | 7.98% |
| 2022-12-31 | 5.28% |
| 2022-09-30 | -9.04% |
| 2022-06-30 | -11.59% |
| 2022-03-31 | -12.13% |
| 2021-12-31 | -13.73% |
| 2021-09-30 | 1.79% |
| 2021-06-30 | 3.12% |
| 2020-12-31 | -5.23% |
