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 3.65% is 19% below its 5-year average of 4.50%, near the low end of its 5-year range (3.19%–5.71%).
As of the fiscal period ended Tuesday, June 30, 2026. 3.17% above its 12-month average of 3.53%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 3.65%.
RETURN ON INVESTED CAPITAL (ROIC)
3.65%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
3.53%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
4.06%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
4.50%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
3.91%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
3.08%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
+3.17%
CURRENT VS 3Y AVG
-10.27%
CURRENT VS 5Y AVG
-18.98%
CURRENT VS 10Y AVG
-6.75%
CURRENT VS 15Y AVG
+18.30%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · REAL ESTATE
4.78%
median of 40 covered companies
CURRENT VS SECTOR MEDIAN
-23.72%
vs the sector median at left
Terreno Realty Corporation
Market Cap
$6.93B
Return on Invested Capital (ROIC)
3.65%
TTM Avg
3.53%
3Y Avg
4.06%
5Y Avg
4.50%
Market Cap
$8.08B
Return on Invested Capital (ROIC)
5.63%
TTM Avg
5.36%
3Y Avg
4.93%
5Y Avg
4.92%
Market Cap
$8.40B
Return on Invested Capital (ROIC)
6.18%
TTM Avg
6.31%
3Y Avg
6.25%
5Y Avg
5.96%
Market Cap
$8.72B
Return on Invested Capital (ROIC)
3.56%
TTM Avg
3.52%
3Y Avg
3.39%
5Y Avg
3.41%
Market Cap
$8.77B
Return on Invested Capital (ROIC)
-4.46%
TTM Avg
-0.78%
3Y Avg
0.56%
5Y Avg
1.61%
Market Cap
$8.81B
Return on Invested Capital (ROIC)
6.88%
TTM Avg
7.40%
3Y Avg
7.29%
5Y Avg
7.17%
Market Cap
$9.95B
Return on Invested Capital (ROIC)
5.08%
TTM Avg
5.49%
3Y Avg
5.65%
5Y Avg
5.34%
Market Cap
$3.67B
Return on Invested Capital (ROIC)
5.17%
TTM Avg
5.54%
3Y Avg
5.15%
5Y Avg
3.37%
Market Cap
$10.25B
Return on Invested Capital (ROIC)
4.89%
TTM Avg
5.83%
3Y Avg
5.07%
5Y Avg
4.81%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Terreno Realty Corporation (TRNO) | $6.93B | 3.65% | 3.53% | 4.06% | 4.50% |
| First Industrial Realty Trust, Inc. (FR)vs › | $8.08B | 5.63% | 5.36% | 4.93% | 4.92% |
| NNN REIT, Inc. (NNN)vs › | $8.40B | 6.18% | 6.31% | 6.25% | 5.96% |
| Agree Realty Corporation (ADC)vs › | $8.72B | 3.56% | 3.52% | 3.39% | 3.41% |
| Alexandria Real Estate Equities, Inc. (ARE)vs › | $8.77B | -4.46% | -0.78% | 0.56% | 1.61% |
| CubeSmart (CUBE)vs › | $8.81B | 6.88% | 7.40% | 7.29% | 7.17% |
| Federal Realty Investment Trust (FRT)vs › | $9.95B | 5.08% | 5.49% | 5.65% | 5.34% |
| Apple Hospitality REIT, Inc. (APLE)vs › | $3.67B | 5.17% | 5.54% | 5.15% | 3.37% |
| BXP, Inc. (BXP)vs › | $10.25B | 4.89% | 5.83% | 5.07% | 4.81% |
| Fermi Inc. Common Stock (FRMI)vs › | $3.53B | -20.71% | -14.37% | -14.37% | -14.37% |
ROIC
3.6%
ROE
8.8%
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 | 3.65% |
| 2026-03-31 | 3.60% |
| 2025-12-31 | 3.66% |
| 2025-09-30 | 3.35% |
| 2025-06-30 | 3.40% |
| 2025-03-31 | 3.31% |
| 2024-12-31 | 3.19% |
| 2024-09-30 | 3.70% |
| 2024-06-30 | 4.10% |
| 2024-03-31 | 4.44% |
| 2023-12-31 | 5.43% |
| 2023-09-30 | 5.54% |
| 2023-06-30 | 5.46% |
| 2023-03-31 | 5.25% |
| 2022-12-31 | 5.71% |
| 2022-09-30 | 5.42% |
| 2022-06-30 | 5.25% |
| 2022-03-31 | 5.14% |
| 2021-12-31 | 4.86% |
| 2021-09-30 | 4.93% |
| 2021-06-30 | 5.11% |
| 2021-03-31 | 5.04% |
| 2020-12-31 | 4.94% |
| 2020-09-30 | 5.40% |
| 2020-06-30 | 4.59% |
| 2020-03-31 | 3.64% |
| 2019-12-31 | 3.34% |
| 2019-09-30 | 3.53% |
| 2019-06-30 | 3.40% |
| 2019-03-31 | 4.47% |
| 2018-12-31 | 4.04% |
| 2018-09-30 | 3.06% |
| 2018-06-30 | 3.81% |
| 2018-03-31 | 3.40% |
| 2017-12-31 | 3.46% |
| 2017-09-30 | 2.92% |
| 2017-06-30 | 1.78% |
| 2017-03-31 | 1.21% |
| 2016-12-31 | 1.30% |
| 2016-09-30 | 1.24% |
| 2016-06-30 | 1.23% |
| 2016-03-31 | 1.63% |
| 2015-12-31 | 1.18% |
| 2015-09-30 | 1.26% |
| 2015-06-30 | 1.18% |
| 2015-03-31 | 0.68% |
| 2014-12-31 | 0.78% |
| 2014-09-30 | 1.71% |
| 2014-06-30 | 2.02% |
| 2014-03-31 | 2.09% |
| 2013-12-31 | 2.02% |
| 2013-09-30 | 2.12% |
| 2013-06-30 | 2.37% |
| 2013-03-31 | 2.41% |
| 2012-12-31 | 2.17% |
| 2012-09-30 | 1.21% |
| 2012-06-30 | 1.00% |
| 2012-03-31 | 0.20% |
| 2011-12-31 | -0.43% |
| 2011-09-30 | -1.00% |
| 2011-06-30 | -2.65% |
| 2011-03-31 | -2.65% |
| 2010-12-31 | -2.54% |
