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 2.81% is 20% above its 5-year average of 2.34%, near the high end of its 5-year range (1.65%–3.20%).
As of the fiscal period ended Tuesday, June 30, 2026. 8.60% below its 12-month average of 3.07%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 2.81%.
RETURN ON INVESTED CAPITAL (ROIC)
2.81%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
3.07%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
2.51%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
2.34%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
2.93%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
2.73%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
3.42%
CURRENT VS TTM AVG
-8.60%
CURRENT VS 3Y AVG
+11.96%
CURRENT VS 5Y AVG
+19.98%
CURRENT VS 10Y AVG
-3.97%
CURRENT VS 15Y AVG
+2.79%
CURRENT VS 20Y AVG
-17.88%
SECTOR MEDIAN · REAL ESTATE
4.89%
median of 39 covered companies
CURRENT VS SECTOR MEDIAN
-42.54%
vs the sector median at left
Ventas, Inc.
Market Cap
$43.96B
Return on Invested Capital (ROIC)
2.81%
TTM Avg
3.07%
3Y Avg
2.51%
5Y Avg
2.34%
Market Cap
$39.96B
Return on Invested Capital (ROIC)
5.77%
TTM Avg
6.20%
3Y Avg
7.03%
5Y Avg
7.10%
Market Cap
$33.59B
Return on Invested Capital (ROIC)
6.34%
TTM Avg
5.03%
3Y Avg
5.38%
5Y Avg
5.55%
Market Cap
$54.94B
Return on Invested Capital (ROIC)
11.74%
TTM Avg
11.48%
3Y Avg
11.91%
5Y Avg
11.67%
Market Cap
$55.55B
Return on Invested Capital (ROIC)
N/A
TTM Avg
2.69%
3Y Avg
2.70%
5Y Avg
2.77%
Market Cap
$32.28B
Return on Invested Capital (ROIC)
9.63%
TTM Avg
-1.28%
3Y Avg
2.57%
5Y Avg
3.42%
Market Cap
$28.83B
Return on Invested Capital (ROIC)
5.09%
TTM Avg
4.69%
3Y Avg
5.55%
5Y Avg
6.42%
Market Cap
$27.23B
Return on Invested Capital (ROIC)
7.64%
TTM Avg
7.92%
3Y Avg
6.99%
5Y Avg
6.96%
Market Cap
$23.87B
Return on Invested Capital (ROIC)
4.45%
TTM Avg
7.17%
3Y Avg
7.96%
5Y Avg
7.76%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Ventas, Inc. (VTR) | $43.96B | 2.81% | 3.07% | 2.51% | 2.34% |
| CBRE Group, Inc. (CBRE)vs › | $39.96B | 5.77% | 6.20% | 7.03% | 7.10% |
| Iron Mountain Incorporated (IRM)vs › | $33.59B | 6.34% | 5.03% | 5.38% | 5.55% |
| Public Storage (PSA)vs › | $54.94B | 11.74% | 11.48% | 11.91% | 11.67% |
| Realty Income Corporation (O)vs › | $55.55B | N/A | 2.69% | 2.70% | 2.77% |
| Crown Castle Inc. (CCI)vs › | $32.28B | 9.63% | -1.28% | 2.57% | 3.42% |
| Extra Space Storage Inc. (EXR)vs › | $28.83B | 5.09% | 4.69% | 5.55% | 6.42% |
| VICI Properties Inc. (VICI)vs › | $27.23B | 7.64% | 7.92% | 6.99% | 6.96% |
| Equity Residential (EQR)vs › | $23.87B | 4.45% | 7.17% | 7.96% | 7.76% |
| Simon Property Group, Inc. (SPG)vs › | $66.37B | 8.68% | 9.56% | 9.08% | 8.33% |
ROIC
2.8%
ROE
1.8%
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 | 2.81% |
| 2026-03-31 | 3.12% |
| 2025-12-31 | 3.16% |
| 2025-09-30 | 3.20% |
| 2025-06-30 | 3.09% |
| 2025-03-31 | 2.89% |
| 2024-12-31 | 2.74% |
| 2024-09-30 | 2.11% |
| 2024-06-30 | 1.77% |
| 2024-03-31 | 1.82% |
| 2023-12-31 | 1.76% |
| 2023-09-30 | 2.00% |
| 2023-06-30 | 2.16% |
| 2023-03-31 | 2.15% |
| 2022-12-31 | 2.10% |
| 2022-09-30 | 2.14% |
| 2022-06-30 | 2.02% |
| 2022-03-31 | 2.04% |
| 2021-12-31 | 1.65% |
| 2021-09-30 | 2.06% |
| 2021-06-30 | 2.40% |
| 2021-03-31 | 1.94% |
| 2020-12-31 | 2.63% |
| 2020-09-30 | 2.36% |
| 2020-06-30 | 2.09% |
| 2020-03-31 | 2.62% |
| 2019-12-31 | 2.34% |
| 2019-09-30 | 3.57% |
| 2019-06-30 | 3.94% |
| 2019-03-31 | 3.69% |
| 2018-12-31 | 3.50% |
| 2018-09-30 | 4.57% |
| 2018-06-30 | 4.83% |
| 2018-03-31 | 4.70% |
| 2017-12-31 | 4.95% |
| 2017-09-30 | 4.54% |
| 2017-06-30 | 4.50% |
| 2017-03-31 | 4.39% |
| 2016-12-31 | 4.39% |
| 2016-09-30 | 2.83% |
| 2016-06-30 | 2.44% |
| 2016-03-31 | 2.48% |
| 2015-12-31 | 2.46% |
| 2015-09-30 | 2.39% |
| 2015-06-30 | 2.48% |
| 2015-03-31 | 2.44% |
| 2014-12-31 | 2.93% |
| 2014-09-30 | 3.00% |
| 2014-06-30 | 3.30% |
| 2014-03-31 | 3.26% |
| 2013-12-31 | 3.23% |
| 2013-09-30 | 3.09% |
| 2013-06-30 | 3.14% |
| 2013-03-31 | 2.65% |
| 2012-12-31 | 2.17% |
| 2012-09-30 | 1.50% |
| 2012-06-30 | 1.44% |
| 2012-03-31 | 1.40% |
| 2011-12-31 | 1.40% |
| 2011-09-30 | 1.51% |
| 2011-06-30 | 5.14% |
| 2011-03-31 | 4.54% |
| 2010-12-31 | 4.41% |
| 2010-09-30 | 6.97% |
| 2010-06-30 | 7.27% |
| 2010-03-31 | 6.90% |
| 2009-12-31 | 6.83% |
| 2009-09-30 | 5.53% |
| 2009-06-30 | 5.67% |
| 2009-03-31 | 5.49% |
| 2008-12-31 | 4.99% |
| 2008-09-30 | 5.03% |
| 2008-06-30 | 4.30% |
| 2008-03-31 | 4.44% |
| 2007-12-31 | 5.54% |
| 2007-09-30 | 3.41% |
| 2007-06-30 | 3.41% |
| 2007-03-31 | 6.24% |
| 2006-12-31 | 5.09% |
| 2006-09-30 | 5.07% |
| 2006-06-30 | 4.66% |
| 2006-03-31 | 4.69% |
| 2005-12-31 | 5.80% |
| 2005-09-30 | 6.45% |
| 2005-06-30 | 5.46% |
| 2005-03-31 | 10.66% |
| 2004-12-31 | 10.66% |
| 2004-09-30 | 10.59% |
| 2004-06-30 | 12.97% |
| 2004-03-31 | 7.12% |
| 2003-12-31 | 10.23% |
| 2003-09-30 | 10.81% |
| 2003-06-30 | 8.72% |
