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Joby AviationSTU:8TQ -1.55%30 3-Year ROIIC % is -211.96 as of Dec. 2025. GuruFocus rates STU:8TQ with a GF Score™ of 30/100. The stock has 4 warning signs investors should review. Among 940 Transportation companies, Joby Aviation ranks worse than 95.74% on this metric.
3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
Joby Aviation's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was -211.96%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Joby Aviation's 3-Year ROIIC % or its related term are showing as below:
STU:8TQ's 3-Year ROIIC % is ranked worse than 95.74% of 940
companies
in the Transportation industry
Industry Median: 2.005
vs STU:8TQ: -211.96
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
Joby Aviation 3-Year ROIIC % Related Terms
Joby Aviation 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Joby Aviation's 3-Year ROIIC % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
STU:8TQ vs CAAP, ASLE, UP: 3-Year ROIIC % Comparison
For the Airports & Air Services subindustry, Joby Aviation's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Joby Aviation 3-Year ROIIC % vs Transportation Industry
For the Transportation industry and Industrials sector, Joby Aviation's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Joby Aviation's 3-Year ROIIC % falls into.
Joby Aviation's 3-Year ROIIC % for the quarter that ended in Dec. 2025 is calculated as:
3-Year ROIIC %
=
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( -614.531 (Dec. 2025) - -370.24 (Dec. 2022) )
/
( 313.397 (Dec. 2025) - 200.616 (Dec. 2022) )
=
-244.291
/
112.781
=
-216.61%***
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Joby Aviation (STU:8TQ) has a 3-Year ROIIC % of -211.96 as of Dec. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Joby Aviation and its competitors. According to the industry distribution chart, Joby Aviation ranks #900 out of 940 companies in the Transportation industry, placing it in the top 95.7%.
Is Joby Aviation's 3-Year ROIIC % too high?
Joby Aviation's current 3-Year ROIIC % is -211.96. Based on the distribution chart, Joby Aviation ranks #900 out of 940 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Joby Aviation has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does Joby Aviation's 3-Year ROIIC % compare to CAAP and ASLE?
According to the Transportation industry distribution chart, Joby Aviation ranks #900 out of 940 companies for 3-Year ROIIC %. This places Joby Aviation in the lower half of its industry. The industry median 3-Year ROIIC % is 2.01. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year ROIIC % for a Transportation company?
The median 3-Year ROIIC % among Transportation companies is 2.01, based on 940 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Joby Aviation and its competitors. For the Transportation industry, the median 3-Year ROIIC % is 2.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Joby Aviation's current 3-Year ROIIC % is -211.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Joby Aviation stock overvalued right now?
Joby Aviation (STU:8TQ) has a current 3-Year ROIIC % of -211.96. The current 3-Year ROIIC % is -211.96. Joby Aviation's overall GF Score™ is 30/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For Joby Aviation (STU:8TQ), the current 3-Year ROIIC % is -211.96 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Joby Aviation Inc is a transportation company developing an all-electric, vertical take-off and landing (eVTOL) air taxi for commercial passenger service. Its Joby eVTOL aircraft is designed to transport a pilot and up to four passengers or an expected payload of up to 1,000 pounds at speeds of up to 200 mph. The aircraft is optimized for urban routes, with a target range of up to 100 miles on a single charge. The company is also developing an app-based platform that will help consumers to book rides directly through its service. It has one operating and reportable segment, air transportation and related services. The company's revenue consists of passenger revenue, which includes revenue generated from the transportation of passengers via helicopter or fixed wing aircraft.
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