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 5.41% is 24% below its 5-year average of 7.16%, near the low end of its 5-year range (3.63%–10.65%).
As of the fiscal period ended Wednesday, December 31, 2025. 19.69% above its 12-month average of 4.52%.
Annual fiscal-year return on invested capital; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
5.41%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
4.52%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
5.71%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
7.16%
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
+19.69%
CURRENT VS 3Y AVG
-5.25%
CURRENT VS 5Y AVG
-24.49%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · INDUSTRIALS
9.21%
median of 131 covered companies
CURRENT VS SECTOR MEDIAN
-41.26%
vs the sector median at left
Carrier Global Corporation
Market Cap
$52.77B
Return on Invested Capital (ROIC)
5.41%
TTM Avg
4.52%
3Y Avg
5.71%
5Y Avg
7.16%
Market Cap
$53.38B
Return on Invested Capital (ROIC)
5.14%
TTM Avg
5.24%
3Y Avg
5.14%
5Y Avg
5.34%
Market Cap
$53.41B
Return on Invested Capital (ROIC)
22.52%
TTM Avg
22.52%
3Y Avg
22.52%
5Y Avg
22.52%
Market Cap
$51.29B
Return on Invested Capital (ROIC)
11.05%
TTM Avg
10.48%
3Y Avg
9.84%
5Y Avg
10.04%
Market Cap
$49.29B
Return on Invested Capital (ROIC)
7.64%
TTM Avg
7.77%
3Y Avg
6.65%
5Y Avg
5.74%
Market Cap
$49.08B
Return on Invested Capital (ROIC)
13.71%
TTM Avg
13.05%
3Y Avg
14.13%
5Y Avg
13.66%
Market Cap
$48.24B
Return on Invested Capital (ROIC)
5.32%
TTM Avg
8.88%
3Y Avg
5.55%
5Y Avg
5.15%
Market Cap
$47.95B
Return on Invested Capital (ROIC)
-10.09%
TTM Avg
-16.12%
3Y Avg
-18.18%
5Y Avg
-20.49%
Market Cap
$58.14B
Return on Invested Capital (ROIC)
10.99%
TTM Avg
11.06%
3Y Avg
10.83%
5Y Avg
10.33%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Carrier Global Corporation (CARR) | $52.77B | 5.41% | 4.52% | 5.71% | 7.16% |
| L3Harris Technologies, Inc. (LHX)vs › | $53.38B | 5.14% | 5.24% | 5.14% | 5.34% |
| Honeywell Aerospace Inc (HONA)vs › | $53.41B | 22.52% | 22.52% | 22.52% | 22.52% |
| HEICO Corporation (HEI-A)vs › | $51.29B | 11.05% | 10.48% | 9.84% | 10.04% |
| Westinghouse Air Brake Technologies Corporation (WAB)vs › | $49.29B | 7.64% | 7.77% | 6.65% | 5.74% |
| Rockwell Automation, Inc. (ROK)vs › | $49.08B | 13.71% | 13.05% | 14.13% | 13.66% |
| Ferrovial SE (FER)vs › | $48.24B | 5.32% | 8.88% | 5.55% | 5.15% |
| Rocket Lab USA, Inc. (RKLB)vs › | $47.95B | -10.09% | -16.12% | -18.18% | -20.49% |
| AMETEK, Inc. (AME)vs › | $58.14B | 10.99% | 11.06% | 10.83% | 10.33% |
| Fastenal Company (FAST)vs › | $59.49B | 28.17% | 27.85% | 28.02% | 26.95% |
ROIC
5.4%
ROE
9.3%
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 | 5.41% |
| 2024-12-31 | 3.63% |
| 2023-12-31 | 5.89% |
| 2022-12-31 | 7.91% |
| 2021-12-31 | 9.50% |
| 2020-12-31 | 10.65% |
| 2019-12-31 | 10.96% |
| 2018-12-31 | 14.77% |
| 2017-12-31 | 7.08% |
