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 17.08% is 183% above its 5-year average of 6.04%, near the high end of its 5-year range (-9.33%–17.08%).
As of the fiscal period ended Tuesday, June 30, 2026. 9.12% above its 12-month average of 15.65%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q4 FY2026 (2026-06-30): 17.08%.
RETURN ON INVESTED CAPITAL (ROIC)
17.08%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
15.65%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
11.63%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
6.04%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
4.82%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
4.68%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
6.10%
CURRENT VS TTM AVG
+9.12%
CURRENT VS 3Y AVG
+46.91%
CURRENT VS 5Y AVG
+182.74%
CURRENT VS 10Y AVG
+254.65%
CURRENT VS 15Y AVG
+264.62%
CURRENT VS 20Y AVG
+180.14%
SECTOR MEDIAN · BASIC MATERIALS
8.91%
median of 54 covered companies
CURRENT VS SECTOR MEDIAN
+91.59%
vs the sector median at left
Carpenter Technology Corporation
Market Cap
$20.28B
Return on Invested Capital (ROIC)
17.08%
TTM Avg
15.65%
3Y Avg
11.63%
5Y Avg
6.04%
Market Cap
$20.36B
Return on Invested Capital (ROIC)
6.05%
TTM Avg
9.68%
3Y Avg
3.70%
5Y Avg
5.46%
Market Cap
$19.98B
Return on Invested Capital (ROIC)
3.48%
TTM Avg
2.04%
3Y Avg
6.45%
5Y Avg
8.28%
Market Cap
$19.92B
Return on Invested Capital (ROIC)
9.36%
TTM Avg
9.00%
3Y Avg
13.00%
5Y Avg
12.81%
Market Cap
$20.75B
Return on Invested Capital (ROIC)
-0.06%
TTM Avg
1.89%
3Y Avg
4.28%
5Y Avg
5.44%
Market Cap
$19.62B
Return on Invested Capital (ROIC)
16.58%
TTM Avg
12.92%
3Y Avg
18.79%
5Y Avg
16.05%
Market Cap
$21.18B
Return on Invested Capital (ROIC)
2.80%
TTM Avg
3.16%
3Y Avg
-1.32%
5Y Avg
-0.03%
Market Cap
$21.19B
Return on Invested Capital (ROIC)
8.58%
TTM Avg
7.97%
3Y Avg
7.75%
5Y Avg
8.08%
Market Cap
$19.34B
Return on Invested Capital (ROIC)
11.60%
TTM Avg
5.67%
3Y Avg
19.63%
5Y Avg
15.64%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Carpenter Technology Corporation (CRS) | $20.28B | 17.08% | 15.65% | 11.63% | 6.04% |
| Coeur Mining, Inc. (CDE)vs › | $20.36B | 6.05% | 9.68% | 3.70% | 5.46% |
| LyondellBasell Industries N.V. (LYB)vs › | $19.98B | 3.48% | 2.04% | 6.45% | 8.28% |
| Reliance Steel & Aluminum Co. (RS)vs › | $19.92B | 9.36% | 9.00% | 13.00% | 12.81% |
| Dow Inc. (DOW)vs › | $20.75B | -0.06% | 1.89% | 4.28% | 5.44% |
| CF Industries Holdings, Inc. (CF)vs › | $19.62B | 16.58% | 12.92% | 18.79% | 16.05% |
| International Flavors & Fragrances Inc. (IFF)vs › | $21.18B | 2.80% | 3.16% | -1.32% | -0.03% |
| Royal Gold, Inc. (RGLD)vs › | $21.19B | 8.58% | 7.97% | 7.75% | 8.08% |
| Sociedad Química y Minera de Chile S.A. (SQM)vs › | $19.34B | 11.60% | 5.67% | 19.63% | 15.64% |
| International Paper Company (IP)vs › | $18.29B | -9.23% | -3.27% | 1.87% | 2.65% |
ROIC
17.1%
ROE
23.8%
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 | 17.08% |
| 2026-03-31 | 16.49% |
| 2025-12-31 | 15.69% |
| 2025-09-30 | 15.02% |
| 2025-06-30 | 13.98% |
| 2025-03-31 | 13.91% |
| 2024-12-31 | 12.47% |
| 2024-09-30 | 11.27% |
| 2024-06-30 | 10.08% |
| 2024-03-31 | 8.05% |
| 2023-12-31 | 7.15% |
| 2023-09-30 | 5.96% |
| 2023-06-30 | 3.98% |
| 2023-03-31 | 2.49% |
| 2022-12-31 | 2.15% |
| 2022-09-30 | 0.10% |
| 2022-06-30 | -0.97% |
| 2022-03-31 | -4.15% |
| 2021-12-31 | -6.24% |
| 2021-09-30 | -8.33% |
| 2021-06-30 | -9.33% |
| 2021-03-31 | -11.89% |
| 2020-12-31 | -8.18% |
| 2020-09-30 | -2.91% |
| 2020-06-30 | 0.47% |
| 2020-03-31 | 6.08% |
| 2019-12-31 | 6.48% |
| 2019-09-30 | 6.67% |
| 2019-06-30 | 6.68% |
| 2019-03-31 | 6.36% |
| 2018-12-31 | 5.89% |
| 2018-09-30 | 7.24% |
| 2018-06-30 | 7.14% |
| 2018-03-31 | 6.57% |
| 2017-12-31 | 6.26% |
| 2017-09-30 | 3.72% |
| 2017-06-30 | 2.57% |
| 2017-03-31 | 2.14% |
| 2016-12-31 | 0.87% |
| 2016-09-30 | 0.61% |
| 2016-06-30 | 1.14% |
| 2016-03-31 | 1.50% |
| 2015-12-31 | 2.39% |
| 2015-09-30 | 2.84% |
| 2015-06-30 | 2.84% |
| 2015-03-31 | 3.35% |
| 2014-12-31 | 4.32% |
| 2014-09-30 | 4.61% |
| 2014-06-30 | 5.46% |
| 2014-03-31 | 5.72% |
| 2013-12-31 | 5.91% |
| 2013-09-30 | 6.15% |
| 2013-06-30 | 6.38% |
| 2013-03-31 | 6.34% |
| 2012-12-31 | 7.06% |
| 2012-09-30 | 6.77% |
| 2012-06-30 | 6.22% |
| 2012-03-31 | 5.48% |
| 2011-12-31 | 7.34% |
| 2011-09-30 | 6.35% |
| 2011-06-30 | 4.64% |
| 2011-03-31 | 4.21% |
| 2010-12-31 | 2.25% |
| 2010-09-30 | 1.67% |
| 2010-06-30 | 0.47% |
| 2010-03-31 | -2.23% |
| 2009-12-31 | -2.04% |
| 2009-09-30 | 0.78% |
| 2009-06-30 | 3.69% |
| 2009-03-31 | 7.69% |
| 2008-12-31 | 10.45% |
| 2008-09-30 | 12.36% |
| 2008-06-30 | 13.97% |
| 2008-03-31 | 13.16% |
| 2007-12-31 | 14.84% |
| 2007-09-30 | 13.85% |
| 2007-06-30 | 12.85% |
| 2007-03-31 | 12.69% |
| 2006-12-31 | 13.03% |
| 2006-09-30 | 13.42% |
| 2006-06-30 | 13.17% |
| 2006-03-31 | 12.73% |
| 2005-12-31 | 11.53% |
| 2005-09-30 | 11.34% |
| 2005-06-30 | 10.36% |
| 2005-03-31 | 8.39% |
| 2004-12-31 | 6.90% |
| 2004-09-30 | 5.48% |
| 2004-06-30 | 4.24% |
| 2004-03-31 | 3.32% |
| 2003-12-31 | 2.95% |
| 2003-09-30 | 1.72% |
| 2003-06-30 | 0.33% |
