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 8.40% is 15% below its 5-year average of 9.93%, near the low end of its 5-year range (8.40%–11.57%).
As of the fiscal period ended Wednesday, December 31, 2025. 9.68% below its 12-month average of 9.30%.
Annual fiscal-year return on invested capital; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
8.40%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
9.30%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
10.17%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
9.93%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
9.44%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
8.80%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
8.10%
CURRENT VS TTM AVG
-9.68%
CURRENT VS 3Y AVG
-17.38%
CURRENT VS 5Y AVG
-15.39%
CURRENT VS 10Y AVG
-11.00%
CURRENT VS 15Y AVG
-4.58%
CURRENT VS 20Y AVG
+3.73%
SECTOR MEDIAN · INDUSTRIALS
9.03%
median of 133 covered companies
CURRENT VS SECTOR MEDIAN
-6.98%
vs the sector median at left
CSX Corporation
Market Cap
$95.63B
Return on Invested Capital (ROIC)
8.40%
TTM Avg
9.30%
3Y Avg
10.17%
5Y Avg
9.93%
Market Cap
$95.81B
Return on Invested Capital (ROIC)
8.88%
TTM Avg
8.59%
3Y Avg
9.20%
5Y Avg
8.88%
Market Cap
$92.30B
Return on Invested Capital (ROIC)
7.07%
TTM Avg
7.53%
3Y Avg
7.36%
5Y Avg
7.14%
Market Cap
$91.05B
Return on Invested Capital (ROIC)
11.53%
TTM Avg
12.46%
3Y Avg
10.54%
5Y Avg
11.94%
Market Cap
$90.43B
Return on Invested Capital (ROIC)
11.41%
TTM Avg
12.55%
3Y Avg
9.89%
5Y Avg
10.37%
Market Cap
$86.55B
Return on Invested Capital (ROIC)
8.68%
TTM Avg
7.82%
3Y Avg
7.36%
5Y Avg
6.62%
Market Cap
$105.59B
Return on Invested Capital (ROIC)
10.58%
TTM Avg
10.30%
3Y Avg
9.74%
5Y Avg
9.56%
Market Cap
$105.83B
Return on Invested Capital (ROIC)
20.26%
TTM Avg
19.73%
3Y Avg
17.71%
5Y Avg
15.16%
Market Cap
$84.62B
Return on Invested Capital (ROIC)
23.39%
TTM Avg
23.17%
3Y Avg
21.34%
5Y Avg
19.82%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| CSX Corporation (CSX) | $95.63B | 8.40% | 9.30% | 10.17% | 9.93% |
| Waste Management, Inc. (WM)vs › | $95.81B | 8.88% | 8.59% | 9.20% | 8.88% |
| Quanta Services, Inc. (PWR)vs › | $92.30B | 7.07% | 7.53% | 7.36% | 7.14% |
| 3M Company (MMM)vs › | $91.05B | 11.53% | 12.46% | 10.54% | 11.94% |
| Cummins Inc. (CMI)vs › | $90.43B | 11.41% | 12.55% | 9.89% | 10.37% |
| Johnson Controls International plc (JCI)vs › | $86.55B | 8.68% | 7.82% | 7.36% | 6.62% |
| General Dynamics Corporation (GD)vs › | $105.59B | 10.58% | 10.30% | 9.74% | 9.56% |
| Trane Technologies plc (TT)vs › | $105.83B | 20.26% | 19.73% | 17.71% | 15.16% |
| Cintas Corporation (CTAS)vs › | $84.62B | 23.39% | 23.17% | 21.34% | 19.82% |
| United Parcel Service, Inc. (UPS)vs › | $84.25B | 10.40% | 11.21% | 13.32% | 13.95% |
ROIC
8.4%
ROE
22.9%
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 | 8.40% |
| 2024-12-31 | 10.20% |
| 2023-12-31 | 10.50% |
| 2022-12-31 | 11.57% |
| 2021-12-31 | 10.24% |
| 2020-12-31 | 8.66% |
| 2019-12-31 | 10.07% |
| 2018-12-31 | 10.25% |
| 2017-12-31 | 11.07% |
| 2016-12-31 | 6.07% |
| 2015-12-31 | 6.79% |
| 2014-12-31 | 7.34% |
| 2013-12-31 | 7.32% |
| 2012-12-31 | 7.35% |
| 2011-12-31 | 7.83% |
| 2010-12-31 | 7.19% |
| 2009-12-31 | 5.84% |
| 2008-12-31 | 7.26% |
| 2007-12-31 | 5.98% |
| 2006-12-31 | 5.90% |
| 2005-12-31 | 4.23% |
| 2004-12-31 | 3.01% |
| 2003-12-31 | 2.23% |
| 2002-12-31 | 3.83% |
| 2001-12-31 | 3.34% |
| 2000-12-31 | 2.98% |
| 1999-12-31 | 1.23% |
| 1998-12-31 | 4.45% |
| 1997-12-31 | 6.07% |
| 1996-12-31 | 6.75% |
