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 8.90% is in line with its 5-year average of 9.68%, near the low end of its 5-year range (8.73%–11.42%).
As of the fiscal period ended Wednesday, December 31, 2025. 0.96% above its 12-month average of 8.82%.
Annual fiscal-year return on invested capital; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
8.90%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
8.82%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
9.96%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
9.68%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
10.49%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
10.11%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
9.85%
CURRENT VS TTM AVG
+0.96%
CURRENT VS 3Y AVG
-10.62%
CURRENT VS 5Y AVG
-8.01%
CURRENT VS 10Y AVG
-15.14%
CURRENT VS 15Y AVG
-11.95%
CURRENT VS 20Y AVG
-9.67%
SECTOR MEDIAN · INDUSTRIALS
9.27%
median of 128 covered companies
CURRENT VS SECTOR MEDIAN
-3.99%
vs the sector median at left
Canadian National Railway Company
Market Cap
$76.31B
Return on Invested Capital (ROIC)
8.90%
TTM Avg
8.82%
3Y Avg
9.96%
5Y Avg
9.68%
Market Cap
$76.24B
Return on Invested Capital (ROIC)
5.95%
TTM Avg
5.97%
3Y Avg
5.83%
5Y Avg
6.14%
Market Cap
$74.84B
Return on Invested Capital (ROIC)
7.47%
TTM Avg
7.37%
3Y Avg
7.63%
5Y Avg
7.86%
Market Cap
$72.91B
Return on Invested Capital (ROIC)
9.22%
TTM Avg
9.07%
3Y Avg
9.79%
5Y Avg
9.60%
Market Cap
$81.23B
Return on Invested Capital (ROIC)
5.09%
TTM Avg
4.89%
3Y Avg
1.62%
5Y Avg
3.59%
Market Cap
$81.51B
Return on Invested Capital (ROIC)
9.21%
TTM Avg
9.50%
3Y Avg
8.62%
5Y Avg
9.59%
Market Cap
$81.52B
Return on Invested Capital (ROIC)
23.39%
TTM Avg
23.17%
3Y Avg
21.34%
5Y Avg
19.82%
Market Cap
$70.66B
Return on Invested Capital (ROIC)
10.75%
TTM Avg
11.25%
3Y Avg
11.45%
5Y Avg
10.59%
Market Cap
$69.77B
Return on Invested Capital (ROIC)
1.89%
TTM Avg
1.48%
3Y Avg
-6.32%
5Y Avg
-6.80%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Canadian National Railway Company (CNI) | $76.31B | 8.90% | 8.82% | 9.96% | 9.68% |
| FedEx Corporation (FDX)vs › | $76.24B | 5.95% | 5.97% | 5.83% | 6.14% |
| Norfolk Southern Corporation (NSC)vs › | $74.84B | 7.47% | 7.37% | 7.63% | 7.86% |
| Honeywell International Inc. (HON)vs › | $72.91B | 9.22% | 9.07% | 9.79% | 9.60% |
| Canadian Pacific Kansas City Ltd. (CP)vs › | $81.23B | 5.09% | 4.89% | 1.62% | 3.59% |
| Northrop Grumman Corporation (NOC)vs › | $81.51B | 9.21% | 9.50% | 8.62% | 9.59% |
| Cintas Corporation (CTAS)vs › | $81.52B | 23.39% | 23.17% | 21.34% | 19.82% |
| United Rentals, Inc. (URI)vs › | $70.66B | 10.75% | 11.25% | 11.45% | 10.59% |
| Bloom Energy Corporation (BE)vs › | $69.77B | 1.89% | 1.48% | -6.32% | -6.80% |
| TransDigm Group Incorporated (TDG)vs › | $69.33B | 15.22% | 14.50% | 12.67% | 11.39% |
ROIC
8.9%
ROE
22.3%
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 | 8.90% |
| 2024-12-31 | 8.73% |
| 2023-12-31 | 11.42% |
| 2022-12-31 | 10.78% |
| 2021-12-31 | 9.42% |
| 2020-12-31 | 8.80% |
| 2019-12-31 | 10.45% |
| 2018-12-31 | 10.75% |
| 2017-12-31 | 14.68% |
| 2016-12-31 | 10.46% |
| 2015-12-31 | 10.97% |
| 2014-12-31 | 11.18% |
| 2013-12-31 | 9.83% |
| 2012-12-31 | 10.78% |
| 2011-12-31 | 9.87% |
| 2010-12-31 | 9.28% |
| 2009-12-31 | 8.21% |
| 2008-12-31 | 8.50% |
| 2007-12-31 | 9.78% |
| 2006-12-31 | 10.48% |
| 2005-12-31 | 8.47% |
| 2004-12-31 | 7.11% |
| 2003-12-31 | 6.13% |
| 2002-12-31 | 4.92% |
| 2001-12-31 | 6.25% |
| 2000-12-31 | 6.62% |
| 1999-12-31 | 6.05% |
| 1998-12-31 | 10.19% |
| 1997-12-31 | 12.30% |
| 1996-12-31 | 18.88% |
