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 11.38% is in line with its 5-year average of 10.82%, near the high end of its 5-year range (8.95%–11.54%).
As of the fiscal period ended Tuesday, June 30, 2026. 3.25% above its 12-month average of 11.02%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
11.38%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
11.02%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
10.95%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
10.82%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
10.43%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
10.84%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
10.68%
CURRENT VS TTM AVG
+3.25%
CURRENT VS 3Y AVG
+3.92%
CURRENT VS 5Y AVG
+5.22%
CURRENT VS 10Y AVG
+9.10%
CURRENT VS 15Y AVG
+5.00%
CURRENT VS 20Y AVG
+6.59%
SECTOR MEDIAN · INDUSTRIALS
9.55%
median of 154 covered companies
CURRENT VS SECTOR MEDIAN
+19.13%
vs the sector median at left
AMETEK, Inc.
Market Cap
$54.50B
Return on Invested Capital (ROIC)
11.38%
TTM Avg
11.02%
3Y Avg
10.95%
5Y Avg
10.82%
Market Cap
$56.66B
Return on Invested Capital (ROIC)
30.16%
TTM Avg
28.53%
3Y Avg
28.70%
5Y Avg
27.61%
Market Cap
$51.93B
Return on Invested Capital (ROIC)
7.63%
TTM Avg
8.59%
3Y Avg
7.85%
5Y Avg
2.05%
Market Cap
$58.02B
Return on Invested Capital (ROIC)
38.80%
TTM Avg
30.55%
3Y Avg
25.18%
5Y Avg
20.85%
Market Cap
$49.26B
Return on Invested Capital (ROIC)
22.59%
TTM Avg
22.59%
3Y Avg
22.59%
5Y Avg
22.59%
Market Cap
$48.73B
Return on Invested Capital (ROIC)
5.03%
TTM Avg
4.58%
3Y Avg
5.74%
5Y Avg
7.20%
Market Cap
$60.87B
Return on Invested Capital (ROIC)
27.07%
TTM Avg
28.31%
3Y Avg
29.26%
5Y Avg
26.11%
Market Cap
$48.07B
Return on Invested Capital (ROIC)
7.64%
TTM Avg
7.77%
3Y Avg
6.65%
5Y Avg
5.74%
Market Cap
$47.75B
Return on Invested Capital (ROIC)
19.92%
TTM Avg
13.19%
3Y Avg
14.28%
5Y Avg
13.82%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| AMETEK, Inc. (AME) | $54.50B | 11.38% | 11.02% | 10.95% | 10.82% |
| Fastenal Company (FAST)vs › | $56.66B | 30.16% | 28.53% | 28.70% | 27.61% |
| Delta Air Lines, Inc. (DAL)vs › | $51.93B | 7.63% | 8.59% | 7.85% | 2.05% |
| Comfort Systems USA, Inc. (FIX)vs › | $58.02B | 38.80% | 30.55% | 25.18% | 20.85% |
| Honeywell Aerospace Inc (HONA)vs › | $49.26B | 22.59% | 22.59% | 22.59% | 22.59% |
| Carrier Global Corporation (CARR)vs › | $48.73B | 5.03% | 4.58% | 5.74% | 7.20% |
| W.W. Grainger, Inc. (GWW)vs › | $60.87B | 27.07% | 28.31% | 29.26% | 26.11% |
| Westinghouse Air Brake Technologies Corporation (WAB)vs › | $48.07B | 7.64% | 7.77% | 6.65% | 5.74% |
| Rockwell Automation, Inc. (ROK)vs › | $47.75B | 19.92% | 13.19% | 14.28% | 13.82% |
| L3Harris Technologies, Inc. (LHX)vs › | $47.62B | 5.30% | 5.24% | 5.14% | 4.21% |
ROIC
11.4%
ROE
14.0%
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 | 11.38% |
| 2026-03-31 | 11.15% |
| 2025-12-31 | 10.99% |
| 2025-09-30 | 10.63% |
| 2025-06-30 | 10.96% |
| 2025-03-31 | 11.22% |
| 2024-12-31 | 11.18% |
| 2024-09-30 | 10.66% |
| 2024-06-30 | 10.60% |
| 2024-03-31 | 10.46% |
| 2023-12-31 | 10.29% |
| 2023-09-30 | 11.54% |
| 2023-06-30 | 11.33% |
| 2023-03-31 | 11.20% |
| 2022-12-31 | 10.98% |
| 2022-09-30 | 11.15% |
| 2022-06-30 | 10.79% |
| 2022-03-31 | 10.36% |
| 2021-12-31 | 9.95% |
| 2021-09-30 | 9.53% |
| 2021-06-30 | 8.95% |
| 2021-03-31 | 9.23% |
| 2020-12-31 | 8.80% |
| 2020-09-30 | 8.75% |
| 2020-06-30 | 9.08% |
| 2020-03-31 | 9.42% |
| 2019-12-31 | 10.63% |
| 2019-09-30 | 11.23% |
| 2019-06-30 | 10.97% |
| 2019-03-31 | 10.94% |
| 2018-12-31 | 10.91% |
| 2018-09-30 | 12.33% |
| 2018-06-30 | 11.76% |
| 2018-03-31 | 11.31% |
| 2017-12-31 | 11.13% |
| 2017-09-30 | 8.98% |
| 2017-06-30 | 8.93% |
| 2017-03-31 | 9.03% |
| 2016-12-31 | 9.18% |
| 2016-09-30 | 9.71% |
| 2016-06-30 | 10.14% |
| 2016-03-31 | 10.34% |
| 2015-12-31 | 11.04% |
| 2015-09-30 | 11.23% |
| 2015-06-30 | 11.20% |
| 2015-03-31 | 11.48% |
| 2014-12-31 | 11.32% |
| 2014-09-30 | 10.83% |
| 2014-06-30 | 10.69% |
| 2014-03-31 | 11.03% |
| 2013-12-31 | 11.04% |
| 2013-09-30 | 11.47% |
| 2013-06-30 | 11.80% |
| 2013-03-31 | 11.61% |
| 2012-12-31 | 11.18% |
| 2012-09-30 | 11.42% |
| 2012-06-30 | 10.99% |
| 2012-03-31 | 11.28% |
| 2011-12-31 | 11.46% |
| 2011-09-30 | 11.51% |
| 2011-06-30 | 10.81% |
| 2011-03-31 | 10.87% |
| 2010-12-31 | 10.01% |
| 2010-09-30 | 9.71% |
| 2010-06-30 | 9.38% |
| 2010-03-31 | 8.92% |
| 2009-12-31 | 8.79% |
| 2009-09-30 | 8.79% |
| 2009-06-30 | 10.02% |
| 2009-03-31 | 10.83% |
| 2008-12-31 | 11.11% |
| 2008-09-30 | 11.21% |
| 2008-06-30 | 10.96% |
| 2008-03-31 | 11.72% |
| 2007-12-31 | 11.19% |
| 2007-09-30 | 11.58% |
| 2007-06-30 | 11.96% |
| 2007-03-31 | 12.14% |
| 2006-12-31 | 11.76% |
| 2006-09-30 | 11.64% |
| 2006-06-30 | 10.89% |
| 2006-03-31 | 11.06% |
| 2005-12-31 | 10.56% |
| 2005-09-30 | 11.35% |
| 2005-06-30 | 11.34% |
| 2005-03-31 | 11.60% |
| 2004-12-31 | 11.14% |
| 2004-09-30 | 10.49% |
| 2004-06-30 | 10.26% |
| 2004-03-31 | 10.65% |
| 2003-12-31 | 10.25% |
| 2003-10-30 | 9.92% |
| 2003-06-30 | 10.28% |