Basis: Latest reported fiscal year. 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 11.71% is in line with its 5-year average of 12.72%, near the low end of its 5-year range (8.49%–20.22%).
As of the fiscal period ended Wednesday, December 31, 2025. 0.17% above its 12-month average of 11.69%.
Annual fiscal-year return on invested capital; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
11.71%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
11.69%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
10.24%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
12.72%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
13.95%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
16.85%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
18.13%
CURRENT VS TTM AVG
+0.17%
CURRENT VS 3Y AVG
+14.33%
CURRENT VS 5Y AVG
-7.95%
CURRENT VS 10Y AVG
-16.04%
CURRENT VS 15Y AVG
-30.50%
CURRENT VS 20Y AVG
-35.41%
SECTOR MEDIAN · COMMUNICATION SERVICES
6.32%
median of 28 covered companies
CURRENT VS SECTOR MEDIAN
+85.28%
vs the sector median at left
Tencent Holdings Limited
Market Cap
$513.47B
Return on Invested Capital (ROIC)
11.71%
TTM Avg
11.69%
3Y Avg
10.24%
5Y Avg
12.72%
Market Cap
$295.70B
Return on Invested Capital (ROIC)
25.22%
TTM Avg
22.71%
3Y Avg
18.04%
5Y Avg
16.51%
Market Cap
$198.28B
Return on Invested Capital (ROIC)
6.22%
TTM Avg
6.55%
3Y Avg
6.47%
5Y Avg
6.89%
Market Cap
$193.35B
Return on Invested Capital (ROIC)
7.04%
TTM Avg
7.04%
3Y Avg
5.58%
5Y Avg
4.72%
Market Cap
$167.91B
Return on Invested Capital (ROIC)
8.11%
TTM Avg
6.74%
3Y Avg
4.90%
5Y Avg
3.95%
Market Cap
$167.85B
Return on Invested Capital (ROIC)
5.57%
TTM Avg
5.30%
3Y Avg
3.67%
5Y Avg
4.11%
Market Cap
$102.32B
Return on Invested Capital (ROIC)
21.05%
TTM Avg
18.19%
3Y Avg
2.45%
5Y Avg
0.41%
Market Cap
$82.38B
Return on Invested Capital (ROIC)
6.42%
TTM Avg
7.49%
3Y Avg
6.93%
5Y Avg
6.52%
Market Cap
$80.55B
Return on Invested Capital (ROIC)
5.29%
TTM Avg
2.48%
3Y Avg
-4.46%
5Y Avg
-5.82%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Tencent Holdings Limited (TCEHY) | $513.47B | 11.71% | 11.69% | 10.24% | 12.72% |
| Netflix, Inc. (NFLX)vs › | $295.70B | 25.22% | 22.71% | 18.04% | 16.51% |
| Verizon Communications Inc. (VZ)vs › | $198.28B | 6.22% | 6.55% | 6.47% | 6.89% |
| T-Mobile US, Inc. (TMUS)vs › | $193.35B | 7.04% | 7.04% | 5.58% | 4.72% |
| The Walt Disney Company (DIS)vs › | $167.91B | 8.11% | 6.74% | 4.90% | 3.95% |
| AT&T Inc. (T)vs › | $167.85B | 5.57% | 5.30% | 3.67% | 4.11% |
| Spotify Technology S.A. (SPOT)vs › | $102.32B | 21.05% | 18.19% | 2.45% | 0.41% |
| Comcast Corporation (CMCSA)vs › | $82.38B | 6.42% | 7.49% | 6.93% | 6.52% |
| DoorDash, Inc. (DASH)vs › | $80.55B | 5.29% | 2.48% | -4.46% | -5.82% |
| Warner Bros. Discovery, Inc. (WBD)vs › | $63.67B | 0.68% | -5.14% | -4.11% | -0.80% |
ROIC
11.7%
ROE
20.4%
ROIC = NOPAT / Invested Capital
Return on invested capital measures the after-tax return a company earns on all capital (debt and equity) invested in the business.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | RETURN ON INVESTED CAPITAL (ROIC) |
|---|---|
| 2025-12-31 | 11.71% |
| 2024-12-31 | 11.67% |
| 2023-12-31 | 9.10% |
| 2022-12-31 | 8.49% |
| 2021-12-31 | 20.22% |
| 2020-12-31 | 15.14% |
| 2019-12-31 | 13.86% |
| 2018-12-31 | 14.72% |
| 2017-12-31 | 17.52% |
| 2016-12-31 | 14.51% |
| 2015-12-31 | 16.47% |
| 2014-12-31 | 19.93% |
| 2013-12-31 | 20.24% |
| 2012-12-31 | 23.62% |
| 2011-12-31 | 23.74% |
| 2010-12-31 | 28.65% |
| 2009-12-31 | 39.59% |
| 2008-12-31 | 37.91% |
| 2007-12-31 | 29.05% |
| 2006-12-31 | 29.29% |
| 2005-12-31 | 16.54% |
| 2004-12-31 | 16.50% |
| 2003-12-31 | 67.72% |
