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 11.41% is 10% above its 5-year average of 10.37%, near the high end of its 5-year range (4.30%–13.70%).
As of the fiscal period ended Wednesday, December 31, 2025. 9.12% below its 12-month average of 12.55%.
Annual fiscal-year return on invested capital; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
11.41%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
12.55%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
9.89%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
10.37%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
11.56%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
13.19%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
13.06%
CURRENT VS TTM AVG
-9.12%
CURRENT VS 3Y AVG
+15.40%
CURRENT VS 5Y AVG
+10.08%
CURRENT VS 10Y AVG
-1.34%
CURRENT VS 15Y AVG
-13.52%
CURRENT VS 20Y AVG
-12.67%
SECTOR MEDIAN · INDUSTRIALS
9.16%
median of 132 covered companies
CURRENT VS SECTOR MEDIAN
+24.50%
vs the sector median at left
Cummins Inc.
Market Cap
$87.51B
Return on Invested Capital (ROIC)
11.41%
TTM Avg
12.55%
3Y Avg
9.89%
5Y Avg
10.37%
Market Cap
$88.54B
Return on Invested Capital (ROIC)
10.40%
TTM Avg
11.21%
3Y Avg
13.32%
5Y Avg
13.95%
Market Cap
$90.56B
Return on Invested Capital (ROIC)
8.88%
TTM Avg
8.59%
3Y Avg
9.20%
5Y Avg
8.88%
Market Cap
$90.91B
Return on Invested Capital (ROIC)
11.53%
TTM Avg
12.46%
3Y Avg
10.54%
5Y Avg
11.94%
Market Cap
$83.91B
Return on Invested Capital (ROIC)
7.26%
TTM Avg
6.33%
3Y Avg
6.08%
5Y Avg
7.56%
Market Cap
$82.56B
Return on Invested Capital (ROIC)
24.49%
TTM Avg
25.84%
3Y Avg
24.99%
5Y Avg
22.94%
Market Cap
$93.00B
Return on Invested Capital (ROIC)
18.55%
TTM Avg
16.59%
3Y Avg
12.18%
5Y Avg
10.40%
Market Cap
$81.89B
Return on Invested Capital (ROIC)
23.39%
TTM Avg
23.17%
3Y Avg
21.34%
5Y Avg
19.82%
Market Cap
$93.36B
Return on Invested Capital (ROIC)
8.40%
TTM Avg
9.30%
3Y Avg
10.17%
5Y Avg
9.93%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Cummins Inc. (CMI) | $87.51B | 11.41% | 12.55% | 9.89% | 10.37% |
| United Parcel Service, Inc. (UPS)vs › | $88.54B | 10.40% | 11.21% | 13.32% | 13.95% |
| Waste Management, Inc. (WM)vs › | $90.56B | 8.88% | 8.59% | 9.20% | 8.88% |
| 3M Company (MMM)vs › | $90.91B | 11.53% | 12.46% | 10.54% | 11.94% |
| Emerson Electric Co. (EMR)vs › | $83.91B | 7.26% | 6.33% | 6.08% | 7.56% |
| Illinois Tool Works Inc. (ITW)vs › | $82.56B | 24.49% | 25.84% | 24.99% | 22.94% |
| Vertiv Holdings Co (VRT)vs › | $93.00B | 18.55% | 16.59% | 12.18% | 10.40% |
| Cintas Corporation (CTAS)vs › | $81.89B | 23.39% | 23.17% | 21.34% | 19.82% |
| CSX Corporation (CSX)vs › | $93.36B | 8.40% | 9.30% | 10.17% | 9.93% |
| Canadian Pacific Kansas City Ltd. (CP)vs › | $78.14B | 5.09% | 4.89% | 1.62% | 3.59% |
ROIC
11.4%
ROE
21.6%
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 | 11.41% |
| 2024-12-31 | 13.70% |
| 2023-12-31 | 4.30% |
| 2022-12-31 | 10.14% |
| 2021-12-31 | 12.28% |
| 2020-12-31 | 10.36% |
| 2019-12-31 | 15.01% |
| 2018-12-31 | 16.33% |
| 2017-12-31 | 7.65% |
| 2016-12-31 | 12.92% |
| 2015-12-31 | 13.11% |
| 2014-12-31 | 14.22% |
| 2013-12-31 | 13.78% |
| 2012-12-31 | 18.18% |
| 2011-12-31 | 24.30% |
| 2010-12-31 | 15.63% |
| 2009-12-31 | 8.03% |
| 2008-12-31 | 14.85% |
| 2007-12-31 | 13.93% |
| 2006-12-31 | 15.16% |
| 2005-12-31 | 11.54% |
| 2004-12-31 | 7.89% |
| 2003-12-31 | 2.01% |
| 2002-12-31 | 3.18% |
| 2001-12-31 | -1.02% |
| 2000-12-31 | 2.73% |
| 1999-12-31 | 7.11% |
| 1998-12-31 | 2.30% |
| 1997-12-31 | 7.20% |
| 1996-12-31 | 6.27% |
