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 5.03% is 45% below its 5-year average of 9.10%, near the low end of its 5-year range (4.02%–19.57%).
As of the fiscal period ended Tuesday, June 30, 2026. 2.16% above its 12-month average of 4.93%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 5.03%.
RETURN ON INVESTED CAPITAL (ROIC)
5.03%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
4.93%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
5.09%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
9.10%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
+2.16%
CURRENT VS 3Y AVG
-1.00%
CURRENT VS 5Y AVG
-44.68%
CURRENT VS 10Y AVG
N/A
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
-47.31%
vs the sector median at left
Carrier Global Corporation
Market Cap
$45.55B
Return on Invested Capital (ROIC)
5.03%
TTM Avg
4.93%
3Y Avg
5.09%
5Y Avg
9.10%
Market Cap
$44.67B
Return on Invested Capital (ROIC)
5.30%
TTM Avg
5.24%
3Y Avg
5.14%
5Y Avg
4.21%
Market Cap
$44.15B
Return on Invested Capital (ROIC)
11.37%
TTM Avg
10.50%
3Y Avg
9.87%
5Y Avg
10.08%
Market Cap
$47.54B
Return on Invested Capital (ROIC)
19.92%
TTM Avg
13.19%
3Y Avg
14.28%
5Y Avg
13.82%
Market Cap
$42.89B
Return on Invested Capital (ROIC)
16.51%
TTM Avg
10.88%
3Y Avg
14.29%
5Y Avg
16.21%
Market Cap
$42.88B
Return on Invested Capital (ROIC)
11.37%
TTM Avg
10.50%
3Y Avg
9.87%
5Y Avg
10.08%
Market Cap
$48.94B
Return on Invested Capital (ROIC)
7.64%
TTM Avg
7.77%
3Y Avg
6.65%
5Y Avg
5.74%
Market Cap
$41.76B
Return on Invested Capital (ROIC)
11.04%
TTM Avg
11.66%
3Y Avg
11.11%
5Y Avg
10.22%
Market Cap
$41.67B
Return on Invested Capital (ROIC)
-6.11%
TTM Avg
-16.82%
3Y Avg
-18.54%
5Y Avg
-20.84%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Carrier Global Corporation (CARR) | $45.55B | 5.03% | 4.93% | 5.09% | 9.10% |
| L3Harris Technologies, Inc. (LHX)vs › | $44.67B | 5.30% | 5.24% | 5.14% | 4.21% |
| HEICO Corporation (HEI-A)vs › | $44.15B | 11.37% | 10.50% | 9.87% | 10.08% |
| Rockwell Automation, Inc. (ROK)vs › | $47.54B | 19.92% | 13.19% | 14.28% | 13.82% |
| Ferguson plc (FERG)vs › | $42.89B | 16.51% | 10.88% | 14.29% | 16.21% |
| HEICO Corporation (HEI)vs › | $42.88B | 11.37% | 10.50% | 9.87% | 10.08% |
| Westinghouse Air Brake Technologies Corporation (WAB)vs › | $48.94B | 7.64% | 7.77% | 6.65% | 5.74% |
| Thomson Reuters Corporation (TRI)vs › | $41.76B | 11.04% | 11.66% | 11.11% | 10.22% |
| Rocket Lab USA, Inc. (RKLB)vs › | $41.67B | -6.11% | -16.82% | -18.54% | -20.84% |
| Ferrovial SE (FER)vs › | $40.84B | 6.80% | 3.93% | 3.03% | 2.49% |
ROIC
5.0%
ROE
9.3%
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 | 5.03% |
| 2026-03-31 | 5.10% |
| 2025-12-31 | 5.41% |
| 2025-09-30 | 4.33% |
| 2025-06-30 | 4.76% |
| 2025-03-31 | 4.63% |
| 2024-12-31 | 4.02% |
| 2024-09-30 | 6.10% |
| 2024-06-30 | 5.24% |
| 2024-03-31 | 4.09% |
| 2023-12-31 | 5.76% |
| 2023-09-30 | 6.55% |
| 2023-06-30 | 11.94% |
| 2023-03-31 | 13.43% |
| 2022-12-31 | 18.67% |
| 2022-09-30 | 19.57% |
| 2022-06-30 | 16.11% |
| 2022-03-31 | 15.12% |
| 2021-12-31 | 9.50% |
| 2021-09-30 | 12.28% |
| 2021-06-30 | 13.44% |
| 2021-03-31 | 12.62% |
| 2020-12-31 | 10.74% |
| 2020-09-30 | 7.99% |
| 2020-06-30 | 6.76% |
| 2020-03-31 | 9.93% |
| 2019-12-31 | 11.05% |
