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 22.56% is 30% above its 5-year average of 17.34%, near the high end of its 5-year range (15.20%–22.56%).
As of the fiscal period ended Saturday, August 1, 2026. 15.49% above its 12-month average of 19.54%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
22.56%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
19.54%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
18.04%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
17.34%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
21.39%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
25.20%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
24.99%
CURRENT VS TTM AVG
+15.49%
CURRENT VS 3Y AVG
+25.06%
CURRENT VS 5Y AVG
+30.10%
CURRENT VS 10Y AVG
+5.51%
CURRENT VS 15Y AVG
-10.45%
CURRENT VS 20Y AVG
-9.72%
SECTOR MEDIAN · CONSUMER CYCLICAL
10.97%
median of 96 covered companies
CURRENT VS SECTOR MEDIAN
+105.60%
vs the sector median at left
Ross Stores, Inc.
Market Cap
$72.26B
Return on Invested Capital (ROIC)
22.56%
TTM Avg
19.54%
3Y Avg
18.04%
5Y Avg
17.34%
Market Cap
$71.35B
Return on Invested Capital (ROIC)
36.25%
TTM Avg
36.73%
3Y Avg
38.72%
5Y Avg
37.25%
Market Cap
$70.78B
Return on Invested Capital (ROIC)
19.03%
TTM Avg
19.49%
3Y Avg
18.52%
5Y Avg
16.61%
Market Cap
$69.67B
Return on Invested Capital (ROIC)
14.59%
TTM Avg
14.57%
3Y Avg
9.20%
5Y Avg
1.14%
Market Cap
$69.09B
Return on Invested Capital (ROIC)
16.55%
TTM Avg
15.98%
3Y Avg
14.34%
5Y Avg
10.05%
Market Cap
$75.76B
Return on Invested Capital (ROIC)
0.81%
TTM Avg
2.58%
3Y Avg
3.32%
5Y Avg
3.26%
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
$80.54B
Return on Invested Capital (ROIC)
17.35%
TTM Avg
14.52%
3Y Avg
2.24%
5Y Avg
-0.85%
Market Cap
$86.45B
Return on Invested Capital (ROIC)
18.61%
TTM Avg
15.33%
3Y Avg
16.05%
5Y Avg
12.13%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Ross Stores, Inc. (ROST) | $72.26B | 22.56% | 19.54% | 18.04% | 17.34% |
| O'Reilly Automotive, Inc. (ORLY)vs › | $71.35B | 36.25% | 36.73% | 38.72% | 37.25% |
| Ferrari N.V. (RACE)vs › | $70.78B | 19.03% | 19.49% | 18.52% | 16.61% |
| Royal Caribbean Cruises Ltd. (RCL)vs › | $69.67B | 14.59% | 14.57% | 9.20% | 1.14% |
| Hilton Worldwide Holdings Inc. (HLT)vs › | $69.09B | 16.55% | 15.98% | 14.34% | 10.05% |
| General Motors Company (GM)vs › | $75.76B | 0.81% | 2.58% | 3.32% | 3.26% |
| Sea Limited (SE)vs › | $65.26B | 8.55% | 5.58% | -0.58% | -6.38% |
| Carvana Co. (CVNA)vs › | $80.54B | 17.35% | 14.52% | 2.24% | -0.85% |
| Marriott International, Inc. (MAR)vs › | $86.45B | 18.61% | 15.33% | 16.05% | 12.13% |
| NIKE, Inc. (NKE)vs › | $55.27B | 10.87% | 11.33% | 14.64% | 16.67% |
ROIC
22.6%
ROE
39.4%
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) |
|---|---|
| 2026-08-01 | 22.56% |
| 2026-05-02 | 20.35% |
| 2026-01-31 | 18.21% |
| 2025-11-01 | 18.17% |
| 2025-08-02 | 18.39% |
| 2025-05-03 | 18.92% |
| 2025-01-31 | 17.92% |
| 2024-11-02 | 18.34% |
| 2024-08-03 | 17.97% |
| 2024-05-04 | 17.58% |
| 2024-01-31 | 16.89% |
| 2023-10-28 | 15.92% |
| 2023-07-29 | 15.32% |
| 2023-04-29 | 15.34% |
| 2023-01-31 | 15.48% |
| 2022-10-29 | 15.20% |
| 2022-07-30 | 15.99% |
| 2022-04-30 | 17.30% |
| 2022-01-31 | 18.88% |
| 2021-10-30 | 17.36% |
| 2021-07-31 | 16.89% |
| 2021-05-01 | 12.15% |
| 2021-01-31 | 3.91% |
| 2020-10-31 | 6.89% |
| 2020-08-01 | 6.31% |
| 2020-05-02 | 10.43% |
| 2020-01-31 | 24.78% |
| 2019-11-02 | 24.87% |
| 2019-08-03 | 24.71% |
| 2019-05-04 | 24.45% |
| 2019-01-31 | 38.87% |
| 2018-11-03 | 39.16% |
| 2018-08-04 | 37.66% |
| 2018-05-05 | 36.58% |
| 2018-01-31 | 35.25% |
| 2017-10-28 | 32.87% |
| 2017-07-29 | 32.32% |
| 2017-04-29 | 32.02% |
| 2017-01-31 | 31.72% |
| 2016-10-29 | 31.56% |
| 2016-07-30 | 30.90% |
| 2016-04-30 | 30.90% |
| 2016-01-31 | 31.50% |
| 2015-10-31 | 32.03% |
| 2015-08-01 | 31.27% |
| 2015-05-02 | 31.00% |
| 2015-01-31 | 30.38% |
| 2014-11-01 | 30.81% |
| 2014-08-02 | 33.12% |
| 2014-05-03 | 32.87% |
| 2014-01-31 | 33.44% |
| 2013-11-02 | 34.98% |
| 2013-08-03 | 34.71% |
| 2013-05-04 | 34.35% |
| 2013-01-31 | 35.21% |
| 2012-10-27 | 34.29% |
| 2012-07-28 | 34.17% |
| 2012-04-28 | 33.52% |
| 2012-01-31 | 33.96% |
| 2011-10-29 | 33.03% |
| 2011-07-30 | 32.21% |
| 2011-04-30 | 31.66% |
| 2011-01-31 | 31.70% |
| 2010-10-30 | 31.60% |
| 2010-07-31 | 31.44% |
| 2010-05-01 | 30.18% |
| 2010-01-31 | 28.35% |
| 2009-10-31 | 26.21% |
| 2009-08-01 | 23.62% |
| 2009-05-02 | 22.01% |
| 2009-01-31 | 21.92% |
| 2008-11-01 | 21.74% |
| 2008-08-02 | 20.75% |
| 2008-05-03 | 19.47% |
| 2008-01-31 | 19.06% |
| 2007-11-03 | 19.36% |
| 2007-08-04 | 18.90% |
| 2007-05-05 | 18.50% |
| 2007-01-31 | 18.78% |
| 2006-10-28 | 20.15% |
| 2006-07-29 | 19.61% |
| 2006-04-29 | 19.16% |
| 2006-01-31 | 17.86% |
| 2005-10-29 | 16.73% |
| 2005-07-30 | 16.76% |
| 2005-04-30 | 16.97% |
| 2005-01-31 | 17.53% |
| 2004-10-30 | 21.48% |
| 2004-07-31 | 23.55% |
| 2004-05-01 | 23.80% |
| 2004-01-31 | 23.27% |
| 2003-11-01 | 25.85% |
| 2003-08-02 | 25.75% |
