Basis: Latest reported fiscal year. 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 -1.11% is 278% below its 5-year average of 0.62%, around the middle of its 5-year range (-5.58%–6.02%).
As of the fiscal period ended Wednesday, December 31, 2025. 503.64% below its 12-month average of 0.27%.
Annual fiscal-year return on invested capital; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
-1.11%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
0.27%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
2.42%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
0.62%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
2.67%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
4.04%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
4.15%
CURRENT VS TTM AVG
-503.64%
CURRENT VS 3Y AVG
-145.92%
CURRENT VS 5Y AVG
-277.60%
CURRENT VS 10Y AVG
-141.62%
CURRENT VS 15Y AVG
-127.46%
CURRENT VS 20Y AVG
-126.76%
SECTOR MEDIAN · INDUSTRIALS
9.07%
median of 130 covered companies
CURRENT VS SECTOR MEDIAN
-112.23%
vs the sector median at left
Axon Enterprise, Inc.
Market Cap
$42.54B
Return on Invested Capital (ROIC)
-1.11%
TTM Avg
0.27%
3Y Avg
2.42%
5Y Avg
0.62%
Market Cap
$42.84B
Return on Invested Capital (ROIC)
10.13%
TTM Avg
11.64%
3Y Avg
11.08%
5Y Avg
10.19%
Market Cap
$44.12B
Return on Invested Capital (ROIC)
19.91%
TTM Avg
21.74%
3Y Avg
25.01%
5Y Avg
23.46%
Market Cap
$39.38B
Return on Invested Capital (ROIC)
6.63%
TTM Avg
6.83%
3Y Avg
5.79%
5Y Avg
1.90%
Market Cap
$47.22B
Return on Invested Capital (ROIC)
5.32%
TTM Avg
8.88%
3Y Avg
5.55%
5Y Avg
5.15%
Market Cap
$37.60B
Return on Invested Capital (ROIC)
-10.09%
TTM Avg
-16.12%
3Y Avg
-18.18%
5Y Avg
-20.49%
Market Cap
$49.13B
Return on Invested Capital (ROIC)
7.64%
TTM Avg
7.77%
3Y Avg
6.65%
5Y Avg
5.74%
Market Cap
$49.48B
Return on Invested Capital (ROIC)
11.05%
TTM Avg
10.48%
3Y Avg
9.84%
5Y Avg
10.04%
Market Cap
$35.44B
Return on Invested Capital (ROIC)
24.16%
TTM Avg
25.56%
3Y Avg
21.39%
5Y Avg
17.05%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Axon Enterprise, Inc. (AXON) | $42.54B | -1.11% | 0.27% | 2.42% | 0.62% |
| Thomson Reuters Corporation (TRI)vs › | $42.84B | 10.13% | 11.64% | 11.08% | 10.19% |
| Old Dominion Freight Line, Inc. (ODFL)vs › | $44.12B | 19.91% | 21.74% | 25.01% | 23.46% |
| United Airlines Holdings, Inc. (UAL)vs › | $39.38B | 6.63% | 6.83% | 5.79% | 1.90% |
| Ferrovial SE (FER)vs › | $47.22B | 5.32% | 8.88% | 5.55% | 5.15% |
| Rocket Lab USA, Inc. (RKLB)vs › | $37.60B | -10.09% | -16.12% | -18.18% | -20.49% |
| Westinghouse Air Brake Technologies Corporation (WAB)vs › | $49.13B | 7.64% | 7.77% | 6.65% | 5.74% |
| HEICO Corporation (HEI-A)vs › | $49.48B | 11.05% | 10.48% | 9.84% | 10.04% |
| EMCOR Group, Inc. (EME)vs › | $35.44B | 24.16% | 25.56% | 21.39% | 17.05% |
| Carrier Global Corporation (CARR)vs › | $50.95B | 5.41% | 4.52% | 5.71% | 7.16% |
ROIC
-1.1%
ROE
5.8%
ROIC = NOPAT / Invested Capital
Return on invested capital measures the after-tax return a company earns on all capital (debt and equity) invested in the business.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | RETURN ON INVESTED CAPITAL (ROIC) |
|---|---|
| 2025-12-31 | -1.11% |
| 2024-12-31 | 1.66% |
| 2023-12-31 | 6.02% |
| 2022-12-31 | 3.10% |
| 2021-12-31 | -5.58% |
| 2020-12-31 | -0.34% |
| 2019-12-31 | -0.33% |
| 2018-12-31 | 4.85% |
| 2017-12-31 | 1.87% |
| 2016-12-31 | 8.82% |
| 2015-12-31 | 10.38% |
| 2014-12-31 | 13.06% |
| 2013-12-31 | 15.07% |
| 2012-12-31 | 13.60% |
| 2011-12-31 | -2.85% |
| 2010-12-31 | -3.55% |
| 2009-12-31 | 0.00% |
| 2008-12-31 | 2.30% |
| 2007-12-31 | 10.85% |
| 2006-12-31 | 8.72% |
| 2005-12-31 | 0.57% |
| 2004-12-31 | 19.04% |
| 2003-12-31 | 16.52% |
| 2002-12-31 | 3.04% |
| 2001-12-31 | 9.34% |
| 2000-12-31 | 8.55% |
