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 24.37% is 12% above its 5-year average of 21.67%, near the high end of its 5-year range (16.94%–24.37%).
As of the fiscal period ended Saturday, August 1, 2026. 5.71% above its 12-month average of 23.05%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
24.37%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
23.05%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
22.96%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
21.67%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
23.29%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
25.32%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
25.46%
CURRENT VS TTM AVG
+5.71%
CURRENT VS 3Y AVG
+6.11%
CURRENT VS 5Y AVG
+12.46%
CURRENT VS 10Y AVG
+4.62%
CURRENT VS 15Y AVG
-3.78%
CURRENT VS 20Y AVG
-4.30%
SECTOR MEDIAN · CONSUMER CYCLICAL
10.97%
median of 96 covered companies
CURRENT VS SECTOR MEDIAN
+122.03%
vs the sector median at left
The TJX Companies, Inc.
Market Cap
$140.00B
Return on Invested Capital (ROIC)
24.37%
TTM Avg
23.05%
3Y Avg
22.96%
5Y Avg
21.67%
Market Cap
$133.68B
Return on Invested Capital (ROIC)
71.23%
TTM Avg
47.48%
3Y Avg
38.26%
5Y Avg
26.91%
Market Cap
$114.76B
Return on Invested Capital (ROIC)
10.00%
TTM Avg
13.23%
3Y Avg
16.04%
5Y Avg
14.19%
Market Cap
$112.50B
Return on Invested Capital (ROIC)
21.02%
TTM Avg
24.13%
3Y Avg
26.29%
5Y Avg
26.80%
Market Cap
$112.08B
Return on Invested Capital (ROIC)
17.16%
TTM Avg
23.32%
3Y Avg
22.85%
5Y Avg
14.25%
Market Cap
$173.26B
Return on Invested Capital (ROIC)
19.98%
TTM Avg
21.09%
3Y Avg
22.36%
5Y Avg
21.19%
Market Cap
$101.22B
Return on Invested Capital (ROIC)
20.73%
TTM Avg
19.29%
3Y Avg
18.51%
5Y Avg
2.19%
Market Cap
$181.58B
Return on Invested Capital (ROIC)
17.85%
TTM Avg
17.90%
3Y Avg
17.47%
5Y Avg
16.44%
Market Cap
$94.83B
Return on Invested Capital (ROIC)
11.63%
TTM Avg
15.13%
3Y Avg
13.90%
5Y Avg
10.34%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| The TJX Companies, Inc. (TJX) | $140.00B | 24.37% | 23.05% | 22.96% | 21.67% |
| Booking Holdings Inc. (BKNG)vs › | $133.68B | 71.23% | 47.48% | 38.26% | 26.91% |
| Starbucks Corporation (SBUX)vs › | $114.76B | 10.00% | 13.23% | 16.04% | 14.19% |
| Lowe's Companies, Inc. (LOW)vs › | $112.50B | 21.02% | 24.13% | 26.29% | 26.80% |
| PDD Holdings Inc. (PDD)vs › | $112.08B | 17.16% | 23.32% | 22.85% | 14.25% |
| Hermes International Societe en commandite par actions Unsponsored ADR (HESAY)vs › | $173.26B | 19.98% | 21.09% | 22.36% | 21.19% |
| Airbnb, Inc. (ABNB)vs › | $101.22B | 20.73% | 19.29% | 18.51% | 2.19% |
| McDonald's Corporation (MCD)vs › | $181.58B | 17.85% | 17.90% | 17.47% | 16.44% |
| MercadoLibre, Inc. (MELI)vs › | $94.83B | 11.63% | 15.13% | 13.90% | 10.34% |
| BYD Company Limited (BYDDY)vs › | $94.10B | 4.74% | 8.93% | 10.48% | 8.33% |
ROIC
24.4%
ROE
57.0%
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) |
|---|---|
| 2026-08-01 | 24.37% |
| 2026-05-02 | 23.69% |
| 2026-01-31 | 23.35% |
| 2025-11-01 | 21.29% |
| 2025-08-02 | 22.56% |
| 2025-05-03 | 22.39% |
| 2025-01-31 | 22.80% |
| 2024-11-02 | 23.13% |
| 2024-08-03 | 23.17% |
| 2024-05-04 | 23.06% |
| 2024-01-31 | 22.53% |
| 2023-10-28 | 21.40% |
| 2023-07-29 | 20.99% |
| 2023-04-29 | 20.19% |
| 2023-01-31 | 19.78% |
| 2022-10-29 | 20.35% |
| 2022-07-30 | 20.49% |
| 2022-04-30 | 21.14% |
| 2022-01-31 | 19.73% |
| 2021-10-30 | 16.94% |
| 2021-07-31 | 16.36% |
| 2021-05-01 | 9.18% |
| 2021-01-31 | 2.80% |
| 2020-10-31 | 4.21% |
| 2020-08-01 | 3.93% |
| 2020-05-02 | 8.24% |
| 2020-01-31 | 19.30% |
| 2019-11-02 | 18.87% |
| 2019-08-03 | 19.03% |
| 2019-05-04 | 19.32% |
| 2019-01-31 | 35.17% |
| 2018-11-03 | 35.60% |
| 2018-08-04 | 34.11% |
| 2018-05-05 | 31.85% |
| 2018-01-31 | 30.19% |
| 2017-10-28 | 28.92% |
| 2017-07-29 | 28.93% |
| 2017-04-29 | 29.48% |
| 2017-01-31 | 29.24% |
| 2016-10-29 | 29.68% |
| 2016-07-30 | 31.98% |
| 2016-04-30 | 31.58% |
| 2016-01-31 | 32.54% |
| 2015-10-31 | 31.49% |
| 2015-08-01 | 31.93% |
| 2015-05-02 | 31.43% |
| 2015-01-31 | 31.88% |
| 2014-11-01 | 30.32% |
| 2014-08-02 | 31.17% |
| 2014-05-03 | 32.14% |
| 2014-01-31 | 32.28% |
| 2013-11-02 | 32.88% |
| 2013-08-03 | 31.07% |
| 2013-05-04 | 30.85% |
| 2013-01-31 | 33.47% |
| 2012-10-27 | 32.26% |
| 2012-07-28 | 32.23% |
| 2012-04-28 | 31.23% |
| 2012-01-31 | 29.09% |
| 2011-10-29 | 27.38% |
| 2011-07-30 | 28.08% |
| 2011-04-30 | 27.33% |
| 2011-01-31 | 28.95% |
| 2010-10-30 | 28.86% |
| 2010-07-31 | 29.52% |
| 2010-05-01 | 28.17% |
| 2010-01-31 | 26.50% |
| 2009-10-31 | 21.52% |
| 2009-08-01 | 19.50% |
| 2009-05-02 | 21.28% |
| 2009-01-31 | 23.87% |
| 2008-10-25 | 22.31% |
| 2008-07-26 | 21.31% |
| 2008-04-26 | 20.71% |
| 2008-01-31 | 19.74% |
| 2007-10-27 | 21.97% |
| 2007-07-28 | 21.88% |
| 2007-04-28 | 19.66% |
| 2007-01-31 | 21.25% |
| 2006-10-28 | 22.23% |
| 2006-07-29 | 21.28% |
| 2006-04-29 | 21.17% |
| 2006-01-31 | 20.60% |
| 2005-10-29 | 18.35% |
| 2005-07-30 | 20.26% |
| 2005-04-30 | 22.46% |
| 2005-01-31 | 22.87% |
| 2004-10-30 | 26.48% |
| 2004-07-31 | 26.48% |
| 2004-05-01 | 25.83% |
| 2004-01-31 | 24.89% |
| 2003-10-25 | 23.75% |
| 2003-07-26 | 23.22% |
