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 16.58% is in line with its 5-year average of 17.87%, around the middle of its 5-year range (5.70%–35.14%).
As of the fiscal period ended Tuesday, June 30, 2026. 8.48% above its 12-month average of 15.29%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 16.58%.
RETURN ON INVESTED CAPITAL (ROIC)
16.58%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
15.29%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
14.12%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
17.87%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
8.79%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
13.48%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
14.74%
CURRENT VS TTM AVG
+8.48%
CURRENT VS 3Y AVG
+17.42%
CURRENT VS 5Y AVG
-7.19%
CURRENT VS 10Y AVG
+88.71%
CURRENT VS 15Y AVG
+23.01%
CURRENT VS 20Y AVG
+12.54%
SECTOR MEDIAN · BASIC MATERIALS
8.91%
median of 54 covered companies
CURRENT VS SECTOR MEDIAN
+86.02%
vs the sector median at left
CF Industries Holdings, Inc.
Market Cap
$18.53B
Return on Invested Capital (ROIC)
16.58%
TTM Avg
15.29%
3Y Avg
14.12%
5Y Avg
17.87%
Market Cap
$18.91B
Return on Invested Capital (ROIC)
-9.23%
TTM Avg
-3.27%
3Y Avg
1.87%
5Y Avg
2.65%
Market Cap
$19.12B
Return on Invested Capital (ROIC)
3.48%
TTM Avg
2.04%
3Y Avg
6.45%
5Y Avg
8.28%
Market Cap
$17.79B
Return on Invested Capital (ROIC)
4.88%
TTM Avg
3.00%
3Y Avg
3.68%
5Y Avg
3.67%
Market Cap
$19.76B
Return on Invested Capital (ROIC)
9.36%
TTM Avg
9.00%
3Y Avg
13.00%
5Y Avg
12.81%
Market Cap
$19.88B
Return on Invested Capital (ROIC)
17.08%
TTM Avg
15.53%
3Y Avg
11.28%
5Y Avg
5.80%
Market Cap
$20.05B
Return on Invested Capital (ROIC)
11.60%
TTM Avg
5.67%
3Y Avg
19.63%
5Y Avg
15.64%
Market Cap
$20.37B
Return on Invested Capital (ROIC)
-0.06%
TTM Avg
1.89%
3Y Avg
4.28%
5Y Avg
5.44%
Market Cap
$21.12B
Return on Invested Capital (ROIC)
6.05%
TTM Avg
9.68%
3Y Avg
3.70%
5Y Avg
5.46%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| CF Industries Holdings, Inc. (CF) | $18.53B | 16.58% | 15.29% | 14.12% | 17.87% |
| International Paper Company (IP)vs › | $18.91B | -9.23% | -3.27% | 1.87% | 2.65% |
| LyondellBasell Industries N.V. (LYB)vs › | $19.12B | 3.48% | 2.04% | 6.45% | 8.28% |
| DuPont de Nemours, Inc. (DD)vs › | $17.79B | 4.88% | 3.00% | 3.68% | 3.67% |
| Reliance Steel & Aluminum Co. (RS)vs › | $19.76B | 9.36% | 9.00% | 13.00% | 12.81% |
| Carpenter Technology Corporation (CRS)vs › | $19.88B | 17.08% | 15.53% | 11.28% | 5.80% |
| Sociedad Química y Minera de Chile S.A. (SQM)vs › | $20.05B | 11.60% | 5.67% | 19.63% | 15.64% |
| Dow Inc. (DOW)vs › | $20.37B | -0.06% | 1.89% | 4.28% | 5.44% |
| Coeur Mining, Inc. (CDE)vs › | $21.12B | 6.05% | 9.68% | 3.70% | 5.46% |
| International Flavors & Fragrances Inc. (IFF)vs › | $21.90B | 2.80% | 3.16% | -1.32% | -0.03% |
ROIC
16.6%
ROE
36.5%
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 | 16.58% |
| 2026-03-31 | 15.41% |
| 2025-12-31 | 15.66% |
| 2025-09-30 | 15.01% |
| 2025-06-30 | 13.77% |
| 2025-03-31 | 13.60% |
| 2024-12-31 | 11.54% |
| 2024-09-30 | 11.21% |
| 2024-06-30 | 10.67% |
| 2024-03-31 | 11.56% |
| 2023-12-31 | 14.19% |
| 2023-09-30 | 20.28% |
| 2023-06-30 | 22.76% |
| 2023-03-31 | 30.68% |
| 2022-12-31 | 35.14% |
| 2022-09-30 | 34.88% |
| 2022-06-30 | 30.81% |
| 2022-03-31 | 21.88% |
| 2021-12-31 | 14.88% |
| 2021-09-30 | 9.02% |
| 2021-06-30 | 5.70% |
| 2021-03-31 | 4.88% |
| 2020-12-31 | 4.93% |
| 2020-09-30 | 5.12% |
| 2020-06-30 | 5.90% |
| 2020-03-31 | 6.37% |
| 2019-12-31 | 6.90% |
| 2019-09-30 | 6.33% |
| 2019-06-30 | 5.86% |
| 2019-03-31 | 4.96% |
| 2018-12-31 | 4.54% |
| 2018-09-30 | 4.94% |
| 2018-06-30 | 3.69% |
| 2018-03-31 | 2.70% |
| 2017-12-31 | 2.54% |
| 2017-09-30 | 1.45% |
| 2017-06-30 | 1.56% |
| 2017-03-31 | 2.21% |
| 2016-12-31 | 2.09% |
| 2016-09-30 | 2.52% |
| 2016-06-30 | 1.95% |
| 2016-03-31 | 4.00% |
| 2015-12-31 | 6.48% |
| 2015-09-30 | 8.29% |
| 2015-06-30 | 10.69% |
| 2015-03-31 | 10.15% |
| 2014-12-31 | 14.77% |
| 2014-09-30 | 15.28% |
| 2014-06-30 | 16.30% |
| 2014-03-31 | 17.29% |
| 2013-12-31 | 16.88% |
| 2013-09-30 | 17.05% |
| 2013-06-30 | 19.38% |
| 2013-03-31 | 22.27% |
| 2012-12-31 | 21.44% |
| 2012-09-30 | 30.80% |
| 2012-06-30 | 31.43% |
| 2012-03-31 | 30.48% |
| 2011-12-31 | 35.20% |
| 2011-09-30 | 21.18% |
| 2011-06-30 | 16.35% |
| 2011-03-31 | 13.36% |
| 2010-12-31 | 6.26% |
| 2010-09-30 | 4.27% |
| 2010-06-30 | 3.73% |
| 2010-03-31 | 16.80% |
| 2009-12-31 | 21.80% |
| 2009-09-30 | 30.17% |
| 2009-06-30 | 31.43% |
| 2009-03-31 | 40.17% |
| 2008-12-31 | 46.98% |
| 2008-09-30 | 31.84% |
| 2008-06-30 | 36.67% |
| 2008-03-31 | 32.00% |
| 2007-12-31 | 28.31% |
| 2007-09-30 | 20.54% |
| 2007-06-30 | 15.31% |
| 2007-03-31 | 12.43% |
| 2006-12-31 | 4.78% |
| 2006-09-30 | 2.84% |
| 2006-06-30 | 3.74% |
| 2006-03-31 | 6.68% |
