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 7.65% is 226% above its 5-year average of -6.07%, near the high end of its 5-year range (-18.59%–7.65%).
As of the fiscal period ended Tuesday, June 30, 2026. 54.54% above its 12-month average of 4.95%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 7.65%.
RETURN ON INVESTED CAPITAL (ROIC)
7.65%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
4.95%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
-1.65%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
-6.07%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
-12.23%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
+54.54%
CURRENT VS 3Y AVG
+562.93%
CURRENT VS 5Y AVG
+226.13%
CURRENT VS 10Y AVG
+162.57%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · INDUSTRIALS
9.55%
median of 154 covered companies
CURRENT VS SECTOR MEDIAN
-19.89%
vs the sector median at left
Bloom Energy Corporation
Market Cap
$78.24B
Return on Invested Capital (ROIC)
7.65%
TTM Avg
4.95%
3Y Avg
-1.65%
5Y Avg
-6.07%
Market Cap
$77.51B
Return on Invested Capital (ROIC)
24.71%
TTM Avg
25.90%
3Y Avg
25.08%
5Y Avg
23.03%
Market Cap
$79.09B
Return on Invested Capital (ROIC)
23.53%
TTM Avg
23.31%
3Y Avg
21.46%
5Y Avg
19.94%
Market Cap
$76.90B
Return on Invested Capital (ROIC)
5.02%
TTM Avg
4.89%
3Y Avg
4.83%
5Y Avg
5.73%
Market Cap
$74.92B
Return on Invested Capital (ROIC)
9.97%
TTM Avg
9.50%
3Y Avg
8.59%
5Y Avg
9.56%
Market Cap
$73.44B
Return on Invested Capital (ROIC)
10.95%
TTM Avg
12.63%
3Y Avg
10.01%
5Y Avg
10.48%
Market Cap
$83.97B
Return on Invested Capital (ROIC)
7.93%
TTM Avg
6.36%
3Y Avg
6.09%
5Y Avg
7.57%
Market Cap
$84.12B
Return on Invested Capital (ROIC)
8.99%
TTM Avg
11.29%
3Y Avg
13.45%
5Y Avg
14.09%
Market Cap
$84.38B
Return on Invested Capital (ROIC)
9.01%
TTM Avg
8.59%
3Y Avg
9.20%
5Y Avg
8.88%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Bloom Energy Corporation (BE) | $78.24B | 7.65% | 4.95% | -1.65% | -6.07% |
| Illinois Tool Works Inc. (ITW)vs › | $77.51B | 24.71% | 25.90% | 25.08% | 23.03% |
| Cintas Corporation (CTAS)vs › | $79.09B | 23.53% | 23.31% | 21.46% | 19.94% |
| Canadian Pacific Kansas City Ltd. (CP)vs › | $76.90B | 5.02% | 4.89% | 4.83% | 5.73% |
| Northrop Grumman Corporation (NOC)vs › | $74.92B | 9.97% | 9.50% | 8.59% | 9.56% |
| Cummins Inc. (CMI)vs › | $73.44B | 10.95% | 12.63% | 10.01% | 10.48% |
| Emerson Electric Co. (EMR)vs › | $83.97B | 7.93% | 6.36% | 6.09% | 7.57% |
| United Parcel Service, Inc. (UPS)vs › | $84.12B | 8.99% | 11.29% | 13.45% | 14.09% |
| Waste Management, Inc. (WM)vs › | $84.38B | 9.01% | 8.59% | 9.20% | 8.88% |
| Canadian National Railway Company (CNI)vs › | $71.95B | 8.89% | 8.82% | 9.98% | 9.70% |
ROIC
7.7%
ROE
15.2%
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 | 7.65% |
| 2026-03-31 | 4.01% |
| 2025-12-31 | 2.93% |
| 2025-09-30 | 5.20% |
| 2025-06-30 | 4.98% |
| 2025-03-31 | 3.42% |
| 2024-12-31 | 3.04% |
| 2024-09-30 | -1.24% |
| 2024-06-30 | -5.83% |
| 2024-03-31 | -10.06% |
| 2023-12-31 | -10.76% |
| 2023-09-30 | -13.71% |
| 2023-06-30 | -11.11% |
| 2023-03-31 | -17.93% |
| 2022-12-31 | -18.28% |
| 2022-09-30 | -15.24% |
| 2022-06-30 | -18.59% |
| 2022-03-31 | -12.58% |
| 2021-12-31 | -8.29% |
| 2021-09-30 | -9.38% |
| 2021-06-30 | -5.64% |
| 2021-03-31 | -4.44% |
| 2020-12-31 | -7.48% |
| 2020-09-30 | -10.83% |
| 2020-06-30 | -16.30% |
| 2020-03-31 | -18.52% |
| 2019-12-31 | -21.60% |
| 2019-09-30 | -31.60% |
| 2019-06-30 | -34.96% |
| 2019-03-31 | -24.25% |
| 2018-12-31 | -14.90% |
| 2018-09-30 | -8.18% |
| 2018-06-30 | -8.35% |
| 2018-03-31 | -11.88% |
| 2017-12-31 | -16.55% |
| 2017-09-30 | -19.24% |
| 2017-06-30 | -21.89% |
| 2016-12-31 | -25.14% |
| 2016-09-30 | -31.53% |
| 2016-06-30 | -34.22% |
| 2016-03-31 | -38.03% |
| 2015-12-31 | -40.19% |
