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 7.29% is 39% above its 5-year average of 5.25%, near the high end of its 5-year range (2.50%–7.55%).
As of the fiscal period ended Tuesday, June 30, 2026. 0.77% below its 12-month average of 7.34%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
7.29%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
7.34%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
6.58%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
5.25%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
5.31%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
4.72%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
4.78%
CURRENT VS TTM AVG
-0.77%
CURRENT VS 3Y AVG
+10.72%
CURRENT VS 5Y AVG
+38.72%
CURRENT VS 10Y AVG
+37.19%
CURRENT VS 15Y AVG
+54.42%
CURRENT VS 20Y AVG
+52.50%
SECTOR MEDIAN · COMMUNICATION SERVICES
6.70%
median of 31 covered companies
CURRENT VS SECTOR MEDIAN
+8.78%
vs the sector median at left
T-Mobile US, Inc.
Market Cap
$194.89B
Return on Invested Capital (ROIC)
7.29%
TTM Avg
7.34%
3Y Avg
6.58%
5Y Avg
5.25%
Market Cap
$182.49B
Return on Invested Capital (ROIC)
6.43%
TTM Avg
6.74%
3Y Avg
4.90%
5Y Avg
3.95%
Market Cap
$210.49B
Return on Invested Capital (ROIC)
5.84%
TTM Avg
6.60%
3Y Avg
6.54%
5Y Avg
6.96%
Market Cap
$175.49B
Return on Invested Capital (ROIC)
5.96%
TTM Avg
5.40%
3Y Avg
3.71%
5Y Avg
4.14%
Market Cap
$108.68B
Return on Invested Capital (ROIC)
29.12%
TTM Avg
18.19%
3Y Avg
2.45%
5Y Avg
0.43%
Market Cap
$93.44B
Return on Invested Capital (ROIC)
6.12%
TTM Avg
7.49%
3Y Avg
6.98%
5Y Avg
6.56%
Market Cap
$87.34B
Return on Invested Capital (ROIC)
7.28%
TTM Avg
2.50%
3Y Avg
-4.58%
5Y Avg
-5.91%
Market Cap
$70.50B
Return on Invested Capital (ROIC)
2.34%
TTM Avg
-5.07%
3Y Avg
-4.44%
5Y Avg
-1.01%
Market Cap
$319.67B
Return on Invested Capital (ROIC)
24.34%
TTM Avg
22.80%
3Y Avg
18.12%
5Y Avg
16.60%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| T-Mobile US, Inc. (TMUS) | $194.89B | 7.29% | 7.34% | 6.58% | 5.25% |
| The Walt Disney Company (DIS)vs › | $182.49B | 6.43% | 6.74% | 4.90% | 3.95% |
| Verizon Communications Inc. (VZ)vs › | $210.49B | 5.84% | 6.60% | 6.54% | 6.96% |
| AT&T Inc. (T)vs › | $175.49B | 5.96% | 5.40% | 3.71% | 4.14% |
| Spotify Technology S.A. (SPOT)vs › | $108.68B | 29.12% | 18.19% | 2.45% | 0.43% |
| Comcast Corporation (CMCSA)vs › | $93.44B | 6.12% | 7.49% | 6.98% | 6.56% |
| DoorDash, Inc. (DASH)vs › | $87.34B | 7.28% | 2.50% | -4.58% | -5.91% |
| Warner Bros. Discovery, Inc. (WBD)vs › | $70.50B | 2.34% | -5.07% | -4.44% | -1.01% |
| Netflix, Inc. (NFLX)vs › | $319.67B | 24.34% | 22.80% | 18.12% | 16.60% |
| Live Nation Entertainment, Inc. (LYV)vs › | $39.67B | 3.73% | 7.85% | 7.53% | 0.14% |
ROIC
7.3%
ROE
18.8%
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 | 7.29% |
| 2026-03-31 | 7.18% |
| 2025-12-31 | 7.22% |
| 2025-09-30 | 7.49% |
| 2025-06-30 | 7.55% |
| 2025-03-31 | 7.30% |
| 2024-12-31 | 7.22% |
| 2024-09-30 | 6.63% |
| 2024-06-30 | 6.26% |
| 2024-03-31 | 5.89% |
| 2023-12-31 | 5.67% |
| 2023-09-30 | 5.38% |
| 2023-06-30 | 4.51% |
| 2023-03-31 | 3.39% |
| 2022-12-31 | 2.81% |
| 2022-09-30 | 2.50% |
| 2022-06-30 | 2.69% |
| 2022-03-31 | 3.07% |
| 2021-12-31 | 3.30% |
| 2021-09-30 | 3.42% |
| 2021-06-30 | 3.59% |
| 2021-03-31 | 3.04% |
| 2020-12-31 | 2.82% |
| 2020-09-30 | 2.61% |
| 2020-06-30 | 2.20% |
| 2020-03-31 | 5.86% |
| 2019-12-31 | 5.79% |
| 2019-09-30 | 5.72% |
| 2019-06-30 | 5.79% |
| 2019-03-31 | 5.75% |
| 2018-12-31 | 6.29% |
| 2018-09-30 | 8.47% |
| 2018-06-30 | 8.37% |
| 2018-03-31 | 8.09% |
| 2017-12-31 | 8.14% |
| 2017-09-30 | 5.68% |
| 2017-06-30 | 5.53% |
| 2017-03-31 | 4.92% |
| 2016-12-31 | 4.40% |
| 2016-09-30 | 4.27% |
| 2016-06-30 | 3.74% |
| 2016-03-31 | 4.01% |
| 2015-12-31 | 2.92% |
| 2015-09-30 | 2.57% |
| 2015-06-30 | 2.43% |
| 2015-03-31 | 1.92% |
| 2014-12-31 | 1.77% |
| 2014-09-30 | 2.35% |
| 2014-06-30 | 1.93% |
| 2014-03-31 | 1.33% |
| 2013-12-31 | 1.54% |
| 2013-09-30 | 1.33% |
| 2013-06-30 | 1.84% |
| 2013-03-31 | 5.79% |
| 2012-12-31 | 12.47% |
| 2012-09-30 | 6.87% |
| 2012-06-30 | 4.89% |
| 2012-03-31 | 5.07% |
| 2011-12-31 | 5.39% |
| 2011-09-30 | 5.59% |
| 2011-06-30 | 5.81% |
| 2011-03-31 | 6.09% |
| 2010-12-31 | 6.24% |
| 2010-09-30 | 5.02% |
| 2010-06-30 | 5.72% |
| 2010-03-31 | 5.18% |
| 2009-12-31 | 5.43% |
| 2009-09-30 | 4.86% |
| 2009-06-30 | 4.02% |
| 2009-03-31 | 4.23% |
| 2008-12-31 | 4.52% |
| 2008-09-30 | 4.52% |
| 2008-06-30 | 4.76% |
| 2008-03-31 | 4.85% |
| 2007-12-31 | 4.83% |
| 2007-09-30 | 4.99% |
| 2007-06-30 | 4.29% |
| 2007-03-31 | 4.53% |
| 2006-12-31 | 12.53% |
| 2006-09-30 | 5.52% |
| 2006-06-30 | 15.92% |
| 2005-12-31 | 21.92% |
