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 14.81% is in line with its 5-year average of 15.04%, around the middle of its 5-year range (12.94%–16.97%).
As of the fiscal period ended Tuesday, June 30, 2026. 7.34% below its 12-month average of 15.98%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 14.81%.
RETURN ON INVESTED CAPITAL (ROIC)
14.81%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
15.98%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
15.99%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
15.04%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
13.29%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
12.10%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
12.82%
CURRENT VS TTM AVG
-7.34%
CURRENT VS 3Y AVG
-7.39%
CURRENT VS 5Y AVG
-1.56%
CURRENT VS 10Y AVG
+11.44%
CURRENT VS 15Y AVG
+22.43%
CURRENT VS 20Y AVG
+15.56%
SECTOR MEDIAN · INDUSTRIALS
9.01%
median of 163 covered companies
CURRENT VS SECTOR MEDIAN
+64.37%
vs the sector median at left
Badger Meter, Inc.
Market Cap
$3.75B
Return on Invested Capital (ROIC)
14.81%
TTM Avg
15.98%
3Y Avg
15.99%
5Y Avg
15.04%
Market Cap
$3.87B
Return on Invested Capital (ROIC)
-24.61%
TTM Avg
-52.30%
3Y Avg
-58.58%
5Y Avg
-58.58%
Market Cap
$3.91B
Return on Invested Capital (ROIC)
7.00%
TTM Avg
6.70%
3Y Avg
8.80%
5Y Avg
10.34%
Market Cap
$3.58B
Return on Invested Capital (ROIC)
17.97%
TTM Avg
15.37%
3Y Avg
19.26%
5Y Avg
11.99%
Market Cap
$3.38B
Return on Invested Capital (ROIC)
6.87%
TTM Avg
6.04%
3Y Avg
4.79%
5Y Avg
4.02%
Market Cap
$3.28B
Return on Invested Capital (ROIC)
18.49%
TTM Avg
13.96%
3Y Avg
14.96%
5Y Avg
17.01%
Market Cap
$4.28B
Return on Invested Capital (ROIC)
5.72%
TTM Avg
9.67%
3Y Avg
8.23%
5Y Avg
8.22%
Market Cap
$4.29B
Return on Invested Capital (ROIC)
10.22%
TTM Avg
9.25%
3Y Avg
9.88%
5Y Avg
7.64%
Market Cap
$3.20B
Return on Invested Capital (ROIC)
6.21%
TTM Avg
15.11%
3Y Avg
26.38%
5Y Avg
25.84%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Badger Meter, Inc. (BMI) | $3.75B | 14.81% | 15.98% | 15.99% | 15.04% |
| Firefly Aerospace Inc. (FLY)vs › | $3.87B | -24.61% | -52.30% | -58.58% | -58.58% |
| SiteOne Landscape Supply, Inc. (SITE)vs › | $3.91B | 7.00% | 6.70% | 8.80% | 10.34% |
| Teekay Tankers Ltd. (TNK)vs › | $3.58B | 17.97% | 15.37% | 19.26% | 11.99% |
| Bright Horizons Family Solutions Inc. (BFAM)vs › | $3.38B | 6.87% | 6.04% | 4.79% | 4.02% |
| Exponent, Inc. (EXPO)vs › | $3.28B | 18.49% | 13.96% | 14.96% | 17.01% |
| Primoris Services Corporation (PRIM)vs › | $4.28B | 5.72% | 9.67% | 8.23% | 8.22% |
| KBR, Inc. (KBR)vs › | $4.29B | 10.22% | 9.25% | 9.88% | 7.64% |
| Atkore Inc. (ATKR)vs › | $3.20B | 6.21% | 15.11% | 26.38% | 25.84% |
| CECO Environmental Corp. (CECO)vs › | $4.36B | 0.34% | 5.60% | 5.40% | 4.37% |
ROIC
14.8%
ROE
18.4%
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 | 14.81% |
| 2026-03-31 | 15.82% |
| 2025-12-31 | 16.73% |
| 2025-09-30 | 16.23% |
| 2025-06-30 | 16.31% |
| 2025-03-31 | 16.86% |
| 2024-12-31 | 16.97% |
| 2024-09-30 | 16.87% |
| 2024-06-30 | 16.85% |
| 2024-03-31 | 16.21% |
| 2023-12-31 | 15.32% |
| 2023-09-30 | 14.82% |
| 2023-06-30 | 14.06% |
| 2023-03-31 | 13.67% |
| 2022-12-31 | 13.43% |
| 2022-09-30 | 14.01% |
| 2022-06-30 | 13.88% |
| 2022-03-31 | 13.45% |
| 2021-12-31 | 13.59% |
| 2021-09-30 | 12.94% |
| 2021-06-30 | 13.07% |
| 2021-03-31 | 12.39% |
| 2020-12-31 | 12.27% |
| 2020-09-30 | 12.54% |
| 2020-06-30 | 12.24% |
| 2020-03-31 | 12.95% |
| 2019-12-31 | 12.89% |
| 2019-09-30 | 12.84% |
| 2019-06-30 | 12.94% |
| 2019-03-31 | 13.25% |
| 2018-12-31 | 12.57% |
| 2018-09-30 | 10.68% |
| 2018-06-30 | 9.81% |
| 2018-03-31 | 9.56% |
| 2017-12-31 | 10.22% |
| 2017-09-30 | 10.03% |
| 2017-06-30 | 10.41% |
| 2017-03-31 | 10.62% |
| 2016-12-31 | 10.54% |
| 2016-09-30 | 10.12% |
| 2016-06-30 | 10.04% |
| 2016-03-31 | 9.55% |
| 2015-12-31 | 8.35% |
| 2015-09-30 | 8.53% |
| 2015-06-30 | 9.15% |
| 2015-03-31 | 9.64% |
| 2014-12-31 | 9.82% |
| 2014-09-30 | 10.36% |
| 2014-06-30 | 9.97% |
| 2014-03-31 | 9.18% |
| 2013-12-31 | 8.79% |
| 2013-09-30 | 8.76% |
| 2013-06-30 | 8.92% |
| 2013-03-31 | 9.71% |
| 2012-12-31 | 10.90% |
| 2012-09-30 | 9.20% |
| 2012-06-30 | 8.21% |
| 2012-03-31 | 8.44% |
| 2011-12-31 | 9.73% |
| 2011-09-30 | 12.37% |
| 2011-06-30 | 13.43% |
| 2011-03-31 | 13.45% |
| 2010-12-31 | 14.75% |
| 2010-09-30 | 14.54% |
| 2010-06-30 | 14.12% |
| 2010-03-31 | 14.36% |
| 2009-12-31 | 15.47% |
| 2009-09-30 | 16.21% |
| 2009-06-30 | 16.63% |
| 2009-03-31 | 16.49% |
| 2008-12-31 | 15.79% |
| 2008-09-30 | 15.13% |
| 2008-06-30 | 15.33% |
| 2008-03-31 | 18.15% |
| 2007-12-31 | 15.65% |
| 2007-09-30 | 20.02% |
| 2007-06-30 | 14.22% |
| 2007-03-31 | 14.39% |
| 2006-12-31 | 15.67% |
| 2006-09-30 | 8.86% |
| 2006-06-30 | 10.98% |
| 2006-03-31 | 11.57% |
| 2005-12-31 | 11.64% |
| 2005-09-30 | 10.75% |
| 2005-06-30 | 11.10% |
| 2005-03-31 | 9.95% |
| 2004-12-31 | 9.21% |
| 2004-09-30 | 10.26% |
| 2004-06-30 | 9.82% |
| 2004-03-31 | 8.78% |
| 2003-12-31 | 7.55% |
| 2003-09-30 | 6.51% |
| 2003-06-30 | 6.42% |
