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 8.68% is in line with its 5-year average of 8.72%, around the middle of its 5-year range (6.43%–10.57%).
As of the fiscal period ended Tuesday, June 30, 2026. 6.10% below its 12-month average of 9.24%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 8.68%.
RETURN ON INVESTED CAPITAL (ROIC)
8.68%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
9.24%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
9.39%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
8.72%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
9.00%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
8.61%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
8.18%
CURRENT VS TTM AVG
-6.10%
CURRENT VS 3Y AVG
-7.58%
CURRENT VS 5Y AVG
-0.44%
CURRENT VS 10Y AVG
-3.60%
CURRENT VS 15Y AVG
+0.79%
CURRENT VS 20Y AVG
+6.07%
SECTOR MEDIAN · REAL ESTATE
4.89%
median of 39 covered companies
CURRENT VS SECTOR MEDIAN
+77.51%
vs the sector median at left
Simon Property Group, Inc.
Market Cap
$66.42B
Return on Invested Capital (ROIC)
8.68%
TTM Avg
9.24%
3Y Avg
9.39%
5Y Avg
8.72%
Market Cap
$69.77B
Return on Invested Capital (ROIC)
2.25%
TTM Avg
1.16%
3Y Avg
1.23%
5Y Avg
1.39%
Market Cap
$55.48B
Return on Invested Capital (ROIC)
N/A
TTM Avg
2.69%
3Y Avg
2.70%
5Y Avg
2.77%
Market Cap
$55.29B
Return on Invested Capital (ROIC)
11.74%
TTM Avg
11.48%
3Y Avg
11.91%
5Y Avg
11.67%
Market Cap
$82.87B
Return on Invested Capital (ROIC)
7.27%
TTM Avg
6.86%
3Y Avg
5.64%
5Y Avg
5.49%
Market Cap
$43.75B
Return on Invested Capital (ROIC)
2.81%
TTM Avg
2.95%
3Y Avg
2.44%
5Y Avg
2.34%
Market Cap
$40.71B
Return on Invested Capital (ROIC)
5.77%
TTM Avg
6.20%
3Y Avg
7.03%
5Y Avg
7.10%
Market Cap
$34.27B
Return on Invested Capital (ROIC)
6.34%
TTM Avg
5.03%
3Y Avg
5.38%
5Y Avg
5.55%
Market Cap
$33.05B
Return on Invested Capital (ROIC)
9.63%
TTM Avg
-1.28%
3Y Avg
2.57%
5Y Avg
3.42%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Simon Property Group, Inc. (SPG) | $66.42B | 8.68% | 9.24% | 9.39% | 8.72% |
| Digital Realty Trust, Inc. (DLR)vs › | $69.77B | 2.25% | 1.16% | 1.23% | 1.39% |
| Realty Income Corporation (O)vs › | $55.48B | N/A | 2.69% | 2.70% | 2.77% |
| Public Storage (PSA)vs › | $55.29B | 11.74% | 11.48% | 11.91% | 11.67% |
| American Tower Corporation (AMT)vs › | $82.87B | 7.27% | 6.86% | 5.64% | 5.49% |
| Ventas, Inc. (VTR)vs › | $43.75B | 2.81% | 2.95% | 2.44% | 2.34% |
| CBRE Group, Inc. (CBRE)vs › | $40.71B | 5.77% | 6.20% | 7.03% | 7.10% |
| Iron Mountain Incorporated (IRM)vs › | $34.27B | 6.34% | 5.03% | 5.38% | 5.55% |
| Crown Castle Inc. (CCI)vs › | $33.05B | 9.63% | -1.28% | 2.57% | 3.42% |
| Equinix, Inc. (EQIX)vs › | $102.39B | 4.99% | 3.89% | 3.86% | 3.64% |
ROIC
8.7%
ROE
103.9%
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) |
|---|---|
| 2026-06-30 | 8.68% |
| 2026-03-31 | 8.42% |
| 2025-12-31 | 8.55% |
| 2025-09-30 | 10.29% |
| 2025-06-30 | 10.28% |
| 2025-03-31 | 10.54% |
| 2024-12-31 | 10.57% |
| 2024-09-30 | 9.85% |
| 2024-06-30 | 9.47% |
| 2024-03-31 | 9.02% |
| 2023-12-31 | 8.83% |
| 2023-09-30 | 8.80% |
| 2023-06-30 | 8.80% |
| 2023-03-31 | 8.44% |
| 2022-12-31 | 8.38% |
| 2022-09-30 | 8.11% |
| 2022-06-30 | 7.72% |
| 2022-03-31 | 7.49% |
| 2021-12-31 | 7.39% |
| 2021-09-30 | 7.03% |
| 2021-06-30 | 6.43% |
| 2021-03-31 | 6.17% |
| 2020-12-31 | 6.28% |
| 2020-09-30 | 8.05% |
| 2020-06-30 | 8.38% |
| 2020-03-31 | 8.96% |
| 2019-12-31 | 10.16% |
| 2019-09-30 | 9.20% |
| 2019-06-30 | 10.25% |
| 2019-03-31 | 10.33% |
| 2018-12-31 | 10.04% |
| 2018-09-30 | 10.14% |
| 2018-06-30 | 10.07% |
| 2018-03-31 | 9.82% |
| 2017-12-31 | 9.08% |
| 2017-09-30 | 9.63% |
| 2017-06-30 | 9.60% |
| 2017-03-31 | 9.47% |
| 2016-12-31 | 9.10% |
| 2016-09-30 | 9.26% |
| 2016-06-30 | 9.29% |
| 2016-03-31 | 9.42% |
| 2015-12-31 | 9.18% |
| 2015-09-30 | 9.26% |
| 2015-06-30 | 9.20% |
| 2015-03-31 | 8.60% |
| 2014-12-31 | 8.52% |
| 2014-09-30 | 8.69% |
| 2014-06-30 | 8.19% |
| 2014-03-31 | 7.45% |
| 2013-12-31 | 7.29% |
| 2013-09-30 | 7.25% |
| 2013-06-30 | 7.33% |
| 2013-03-31 | 7.40% |
| 2012-12-31 | 7.21% |
| 2012-09-30 | 6.91% |
| 2012-06-30 | 6.86% |
| 2012-03-31 | 6.42% |
| 2011-12-31 | 7.73% |
| 2011-09-30 | 8.05% |
| 2011-06-30 | 8.01% |
| 2011-03-31 | 7.74% |
| 2010-12-31 | 7.37% |
| 2010-09-30 | 7.19% |
| 2010-06-30 | 7.39% |
| 2010-03-31 | 6.29% |
| 2009-12-31 | 5.78% |
| 2009-09-30 | 5.59% |
| 2009-06-30 | 6.05% |
| 2009-03-31 | 7.23% |
| 2008-12-31 | 7.06% |
| 2008-09-30 | 7.19% |
| 2008-06-30 | 7.20% |
| 2008-03-31 | 7.35% |
| 2007-12-31 | 7.34% |
| 2007-09-30 | 6.87% |
| 2007-06-30 | 6.81% |
| 2007-03-31 | 6.48% |
| 2006-12-31 | 6.81% |
| 2006-09-30 | 6.96% |
| 2006-06-30 | 6.85% |
| 2006-03-31 | 6.70% |
| 2005-12-31 | 6.53% |
| 2005-09-30 | 6.87% |
| 2005-06-30 | 6.41% |
| 2005-03-31 | 6.03% |
| 2004-12-31 | 5.87% |
| 2004-09-30 | 7.69% |
| 2004-06-30 | 7.45% |
| 2004-03-31 | 7.71% |
| 2003-12-31 | 7.76% |
| 2003-09-30 | 7.49% |
| 2003-06-30 | 7.74% |
