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 23.11% is 15% below its 5-year average of 27.16%, near the low end of its 5-year range (22.58%–31.39%).
As of the fiscal period ended Saturday, August 1, 2026. 2.09% below its 12-month average of 23.61%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
23.11%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
23.61%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
25.98%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
27.16%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
24.47%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
20.92%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
18.53%
CURRENT VS TTM AVG
-2.09%
CURRENT VS 3Y AVG
-11.04%
CURRENT VS 5Y AVG
-14.89%
CURRENT VS 10Y AVG
-5.56%
CURRENT VS 15Y AVG
+10.48%
CURRENT VS 20Y AVG
+24.71%
SECTOR MEDIAN · CONSUMER CYCLICAL
10.97%
median of 96 covered companies
CURRENT VS SECTOR MEDIAN
+110.61%
vs the sector median at left
Ulta Beauty, Inc.
Market Cap
$23.44B
Return on Invested Capital (ROIC)
23.11%
TTM Avg
23.61%
3Y Avg
25.98%
5Y Avg
27.16%
Market Cap
$23.37B
Return on Invested Capital (ROIC)
10.25%
TTM Avg
9.22%
3Y Avg
9.50%
5Y Avg
9.23%
Market Cap
$23.13B
Return on Invested Capital (ROIC)
31.15%
TTM Avg
19.06%
3Y Avg
15.55%
5Y Avg
15.27%
Market Cap
$23.94B
Return on Invested Capital (ROIC)
19.68%
TTM Avg
18.43%
3Y Avg
14.01%
5Y Avg
14.11%
Market Cap
$22.87B
Return on Invested Capital (ROIC)
11.61%
TTM Avg
17.02%
3Y Avg
18.63%
5Y Avg
18.01%
Market Cap
$24.39B
Return on Invested Capital (ROIC)
13.11%
TTM Avg
13.11%
3Y Avg
12.40%
5Y Avg
12.43%
Market Cap
$22.32B
Return on Invested Capital (ROIC)
2.90%
TTM Avg
2.54%
3Y Avg
6.05%
5Y Avg
6.90%
Market Cap
$20.65B
Return on Invested Capital (ROIC)
17.08%
TTM Avg
16.66%
3Y Avg
13.63%
5Y Avg
13.03%
Market Cap
$20.42B
Return on Invested Capital (ROIC)
9.27%
TTM Avg
10.04%
3Y Avg
11.38%
5Y Avg
11.45%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Ulta Beauty, Inc. (ULTA) | $23.44B | 23.11% | 23.61% | 25.98% | 27.16% |
| Casey's General Stores, Inc. (CASY)vs › | $23.37B | 10.25% | 9.22% | 9.50% | 9.23% |
| Tapestry, Inc. (TPR)vs › | $23.13B | 31.15% | 19.06% | 15.55% | 15.27% |
| SharkNinja, Inc. (SN)vs › | $23.94B | 19.68% | 18.43% | 14.01% | 14.11% |
| PulteGroup, Inc. (PHM)vs › | $22.87B | 11.61% | 17.02% | 18.63% | 18.01% |
| Darden Restaurants, Inc. (DRI)vs › | $24.39B | 13.11% | 13.11% | 12.40% | 12.43% |
| Smurfit Westrock plc (SW)vs › | $22.32B | 2.90% | 2.54% | 6.05% | 6.90% |
| Ralph Lauren Corporation (RL)vs › | $20.65B | 17.08% | 16.66% | 13.63% | 13.03% |
| Packaging Corporation of America (PKG)vs › | $20.42B | 9.27% | 10.04% | 11.38% | 11.45% |
| Lennar Corporation (LEN)vs › | $20.01B | 4.62% | 8.48% | 11.01% | 10.93% |
ROIC
23.1%
ROE
45.8%
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) |
|---|---|
| 2026-08-01 | 23.11% |
| 2026-05-02 | 25.50% |
| 2026-01-31 | 22.75% |
| 2025-11-01 | 22.58% |
| 2025-08-02 | 24.11% |
| 2025-05-03 | 26.49% |
| 2025-02-01 | 26.61% |
| 2024-11-02 | 25.96% |
| 2024-08-03 | 27.26% |
| 2024-05-04 | 28.83% |
| 2024-01-31 | 29.64% |
| 2023-10-28 | 28.98% |
| 2023-07-29 | 31.04% |
| 2023-04-29 | 31.15% |
| 2023-01-31 | 31.39% |
| 2022-10-29 | 29.64% |
| 2022-07-30 | 29.54% |
| 2022-04-30 | 28.54% |
| 2022-01-31 | 27.34% |
| 2021-10-30 | 22.74% |
| 2021-07-31 | 20.15% |
| 2021-05-01 | 14.80% |
| 2021-01-31 | 6.89% |
| 2020-10-31 | 7.86% |
| 2020-08-01 | 7.37% |
| 2020-05-02 | 9.93% |
| 2020-01-31 | 18.08% |
| 2019-11-02 | 18.16% |
| 2019-08-03 | 18.41% |
| 2019-05-04 | 17.71% |
| 2019-01-31 | 28.29% |
| 2018-11-03 | 28.35% |
| 2018-08-04 | 27.70% |
| 2018-05-05 | 26.70% |
| 2018-01-31 | 25.20% |
| 2017-10-28 | 23.68% |
| 2017-07-29 | 22.67% |
| 2017-04-29 | 21.59% |
| 2017-01-31 | 20.73% |
| 2016-10-29 | 20.25% |
| 2016-07-30 | 20.02% |
| 2016-04-30 | 19.98% |
| 2016-01-31 | 17.40% |
| 2015-10-31 | 16.76% |
| 2015-08-01 | 16.43% |
| 2015-05-02 | 16.14% |
| 2015-01-31 | 15.80% |
| 2014-11-01 | 15.46% |
| 2014-08-02 | 15.31% |
| 2014-05-03 | 15.09% |
| 2014-01-31 | 15.18% |
| 2013-11-02 | 15.76% |
| 2013-08-03 | 16.34% |
| 2013-05-04 | 16.58% |
| 2013-01-31 | 16.38% |
| 2012-10-27 | 16.13% |
| 2012-07-28 | 16.47% |
| 2012-04-28 | 16.50% |
| 2012-01-31 | 15.22% |
| 2011-10-29 | 14.61% |
| 2011-07-30 | 13.93% |
| 2011-04-30 | 13.14% |
| 2011-01-31 | 12.60% |
| 2010-10-30 | 12.22% |
| 2010-07-31 | 11.96% |
| 2010-05-01 | 11.02% |
| 2010-01-31 | 9.52% |
| 2009-10-31 | 7.50% |
| 2009-08-01 | 6.65% |
| 2009-05-02 | 5.94% |
| 2009-01-31 | 5.88% |
| 2008-11-01 | 6.19% |
| 2008-08-02 | 6.51% |
| 2008-05-03 | 6.68% |
| 2008-01-31 | 7.85% |
| 2007-11-03 | -131.63% |
| 2007-07-31 | -85.82% |
| 2007-04-30 | -37.26% |
| 2007-01-31 | 15.74% |
| 2006-01-31 | 13.77% |
