Vornado Realty Trust (VNO) Return on Invested Capital [ROIC] (2009 - 2026)
Vornado Realty Trust's Return on Invested Capital [ROIC] came in at 2.86% for Q2 2026, down 8.52 percentage points from 11.38% a year earlier and down 7.58 percentage points from the prior quarter.
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Analysis
Vornado Realty Trust (VNO) Return on Invested Capital [ROIC] (2009 - 2026) Analysis & Trends
For FY2025, Vornado Realty Trust's Return on Invested Capital [ROIC] was 11.64%, up 9.83 percentage points from FY2024.
- Return on Invested Capital [ROIC] carries a five-year change of +13.18 percentage points (FY2020 to FY2025).
- Going back by year, Return on Invested Capital [ROIC] was 1.82% in FY2024 (-0.05 pp), 1.87% in FY2023 (+2.53 pp), -0.66% in FY2022 (-4.08 pp) and 3.41% in FY2021 (+4.95 pp).
- The Q2 2026 figure represents the lowest quarterly Return on Invested Capital [ROIC] since Q4 2024.
- Year-over-year, Return on Invested Capital [ROIC] increased in six of the last eight quarters, with an average year-over-year change of +4.20 percentage points.
- The fastest year-over-year change in Return on Invested Capital [ROIC] over five years came in Q2 2025 (a gain of 11.38 percentage points), and the weakest in Q2 2026 (a drop of 8.52 percentage points).
- Business Quant data shows VNO's Return on Invested Capital [ROIC] at 10.44% (Q1 2026), 11.57% (Q4 2025) and 11.63% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 171.10 Bn | 153.62 Bn | 1.39 Bn | -12.60% |
| 2 | Prologis | 117.94 Bn | 117.38 Bn | - | 5.04% |
| 3 | Simon Property | 72.61 Bn | 69.67 Bn | - | 15.56% |
| 4 | Public Storage | 54.41 Bn | 53.50 Bn | - | 10.99% |
| 5 | Realty Income | 53.83 Bn | 54.44 Bn | - | 3.45% |
| 6 | Ventas | 44.52 Bn | 43.72 Bn | - | 3.16% |
| 7 | Extra Space Storage | 30.30 Bn | 30.09 Bn | 642.43 Mn | 4.87% |
| 8 | Vici Properties | 26.15 Bn | 24.27 Bn | 1.05 Bn | 7.84% |
| 9 | Vivmark Residential | 23.62 Bn | 23.59 Bn | - | 6.19% |
| 10 | Vornado Realty Trust | 6.50 Bn | 3.62 Bn | - | 2.30% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.30% |
| Mar 31, 2026 | 8.50% |
| Dec 31, 2025 | 9.61% |
| Sep 30, 2025 | 9.72% |
| Jun 30, 2025 | 9.57% |
| Mar 31, 2025 | 3.43% |
| Dec 31, 2024 | 1.49% |
| Sep 30, 2024 | 2.28% |
| Jun 30, 2024 | 0.00% |
| Mar 31, 2024 | 0.95% |
| Dec 31, 2023 | 1.54% |
| Sep 30, 2023 | -0.10% |
| Jun 30, 2023 | -0.51% |
| Mar 31, 2023 | -0.64% |
| Dec 31, 2022 | -0.55% |
| Sep 30, 2022 | 2.73% |
| Jun 30, 2022 | 3.09% |
| Mar 31, 2022 | 3.06% |
| Dec 31, 2021 | 2.82% |
| Sep 30, 2021 | 0.61% |
API Access
Vornado Realty Trust Return on Invested Capital [ROIC] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=VNO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "VNO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=VNO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();