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 14.59% is 224% above its 5-year average of 4.51%, near the high end of its 5-year range (-14.26%–15.69%).
As of the fiscal period ended Tuesday, June 30, 2026. 2.90% below its 12-month average of 15.02%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 14.59%.
RETURN ON INVESTED CAPITAL (ROIC)
14.59%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
15.02%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
13.60%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
4.51%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
4.29%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
7.04%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
6.77%
CURRENT VS TTM AVG
-2.90%
CURRENT VS 3Y AVG
+7.23%
CURRENT VS 5Y AVG
+223.74%
CURRENT VS 10Y AVG
+239.71%
CURRENT VS 15Y AVG
+107.09%
CURRENT VS 20Y AVG
+115.43%
SECTOR MEDIAN · CONSUMER CYCLICAL
10.97%
median of 96 covered companies
CURRENT VS SECTOR MEDIAN
+32.90%
vs the sector median at left
Royal Caribbean Cruises Ltd.
Market Cap
$61.77B
Return on Invested Capital (ROIC)
14.59%
TTM Avg
15.02%
3Y Avg
13.60%
5Y Avg
4.51%
Market Cap
$62.01B
Return on Invested Capital (ROIC)
8.55%
TTM Avg
5.58%
3Y Avg
-0.58%
5Y Avg
-6.38%
Market Cap
$69.14B
Return on Invested Capital (ROIC)
16.55%
TTM Avg
15.98%
3Y Avg
14.34%
5Y Avg
10.05%
Market Cap
$70.15B
Return on Invested Capital (ROIC)
17.35%
TTM Avg
14.52%
3Y Avg
2.24%
5Y Avg
-0.85%
Market Cap
$53.35B
Return on Invested Capital (ROIC)
10.87%
TTM Avg
11.33%
3Y Avg
14.64%
5Y Avg
16.67%
Market Cap
$71.19B
Return on Invested Capital (ROIC)
36.25%
TTM Avg
36.73%
3Y Avg
38.72%
5Y Avg
37.25%
Market Cap
$51.66B
Return on Invested Capital (ROIC)
1.61%
TTM Avg
1.44%
3Y Avg
2.09%
5Y Avg
1.44%
Market Cap
$72.66B
Return on Invested Capital (ROIC)
19.03%
TTM Avg
19.49%
3Y Avg
18.52%
5Y Avg
16.61%
Market Cap
$75.06B
Return on Invested Capital (ROIC)
22.56%
TTM Avg
18.07%
3Y Avg
17.13%
5Y Avg
15.21%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Royal Caribbean Cruises Ltd. (RCL) | $61.77B | 14.59% | 15.02% | 13.60% | 4.51% |
| Sea Limited (SE)vs › | $62.01B | 8.55% | 5.58% | -0.58% | -6.38% |
| Hilton Worldwide Holdings Inc. (HLT)vs › | $69.14B | 16.55% | 15.98% | 14.34% | 10.05% |
| Carvana Co. (CVNA)vs › | $70.15B | 17.35% | 14.52% | 2.24% | -0.85% |
| NIKE, Inc. (NKE)vs › | $53.35B | 10.87% | 11.33% | 14.64% | 16.67% |
| O'Reilly Automotive, Inc. (ORLY)vs › | $71.19B | 36.25% | 36.73% | 38.72% | 37.25% |
| Ford Motor Company (F)vs › | $51.66B | 1.61% | 1.44% | 2.09% | 1.44% |
| Ferrari N.V. (RACE)vs › | $72.66B | 19.03% | 19.49% | 18.52% | 16.61% |
| Ross Stores, Inc. (ROST)vs › | $75.06B | 22.56% | 18.07% | 17.13% | 15.21% |
| eBay Inc. (EBAY)vs › | $48.44B | 15.94% | 13.93% | 12.31% | 11.66% |
ROIC
14.6%
ROE
43.0%
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 | 14.59% |
| 2026-03-31 | 15.69% |
| 2025-12-31 | 14.90% |
| 2025-09-30 | 14.50% |
| 2025-06-30 | 15.43% |
| 2025-03-31 | 15.07% |
| 2024-12-31 | 14.23% |
| 2024-09-30 | 13.83% |
| 2024-06-30 | 12.97% |
| 2024-03-31 | 12.46% |
| 2023-12-31 | 10.48% |
| 2023-09-30 | 9.09% |
| 2023-06-30 | 5.43% |
| 2023-03-31 | 1.44% |
| 2022-12-31 | -2.80% |
| 2022-09-30 | -6.56% |
| 2022-06-30 | -11.25% |
| 2022-03-31 | -14.26% |
| 2021-12-31 | -14.22% |
| 2021-09-30 | -13.58% |
| 2021-06-30 | -12.83% |
| 2021-03-31 | -13.13% |
| 2020-12-31 | -15.71% |
| 2020-09-30 | -11.54% |
| 2020-06-30 | -4.72% |
| 2020-03-31 | 1.62% |
| 2019-12-31 | 8.33% |
| 2019-09-30 | 8.74% |
| 2019-06-30 | 8.49% |
| 2019-03-31 | 8.30% |
| 2018-12-31 | 8.24% |
| 2018-09-30 | 8.15% |
| 2018-06-30 | 9.00% |
| 2018-03-31 | 8.73% |
| 2017-12-31 | 9.33% |
| 2017-09-30 | 9.34% |
| 2017-06-30 | 9.47% |
| 2017-03-31 | 8.63% |
| 2016-12-31 | 7.71% |
| 2016-09-30 | 7.43% |
| 2016-06-30 | 5.02% |
| 2016-03-31 | 5.34% |
| 2015-12-31 | 5.03% |
| 2015-09-30 | 4.25% |
| 2015-06-30 | 5.71% |
| 2015-03-31 | 5.39% |
| 2014-12-31 | 5.33% |
| 2014-09-30 | 5.40% |
| 2014-06-30 | 4.79% |
| 2014-03-31 | 4.22% |
| 2013-12-31 | 4.60% |
| 2013-09-30 | 2.57% |
| 2013-06-30 | 2.62% |
| 2013-03-31 | 2.51% |
| 2012-12-31 | 2.33% |
| 2012-09-30 | 4.65% |
| 2012-06-30 | 4.96% |
| 2012-03-31 | 5.22% |
| 2011-12-31 | 5.36% |
| 2011-09-30 | 5.35% |
| 2011-06-30 | 5.10% |
| 2011-03-31 | 4.93% |
| 2010-12-31 | 4.60% |
| 2010-09-30 | 4.69% |
| 2010-06-30 | 3.94% |
| 2010-03-31 | 3.37% |
| 2009-12-31 | 3.01% |
| 2009-09-30 | 3.11% |
| 2009-06-30 | 4.40% |
| 2009-03-31 | 5.20% |
| 2008-12-31 | 5.83% |
| 2008-09-30 | 6.64% |
| 2008-06-30 | 6.57% |
| 2008-03-31 | 7.16% |
| 2007-12-31 | 6.94% |
| 2007-09-30 | 6.67% |
| 2007-06-30 | 6.51% |
| 2007-03-31 | 6.71% |
| 2006-12-31 | 7.22% |
| 2006-09-30 | 7.51% |
| 2006-06-30 | 7.44% |
| 2006-03-31 | 7.32% |
| 2005-12-31 | 8.83% |
| 2005-09-30 | 10.01% |
| 2005-06-30 | 9.50% |
| 2005-03-31 | 9.16% |
| 2004-12-31 | 7.70% |
| 2004-09-30 | 23.85% |
| 2004-06-30 | 16.98% |
| 2004-03-31 | 10.99% |
| 2003-12-31 | 5.19% |
| 2003-09-30 | 3.73% |
| 2003-06-30 | 4.23% |
