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 23.39% is 18% above its 5-year average of 19.82%, near the high end of its 5-year range (15.80%–23.39%).
As of the fiscal period ended Sunday, May 31, 2026. 0.95% above its 12-month average of 23.17%.
Annual fiscal-year return on invested capital; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
23.39%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
23.17%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
21.34%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
19.82%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
16.50%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
14.28%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
13.15%
CURRENT VS TTM AVG
+0.95%
CURRENT VS 3Y AVG
+9.63%
CURRENT VS 5Y AVG
+17.99%
CURRENT VS 10Y AVG
+41.73%
CURRENT VS 15Y AVG
+63.76%
CURRENT VS 20Y AVG
+77.84%
SECTOR MEDIAN · INDUSTRIALS
9.16%
median of 132 covered companies
CURRENT VS SECTOR MEDIAN
+155.21%
vs the sector median at left
Cintas Corporation
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
$82.56B
Return on Invested Capital (ROIC)
24.49%
TTM Avg
25.84%
3Y Avg
24.99%
5Y Avg
22.94%
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
$78.14B
Return on Invested Capital (ROIC)
5.09%
TTM Avg
4.89%
3Y Avg
1.62%
5Y Avg
3.59%
Market Cap
$77.07B
Return on Invested Capital (ROIC)
9.21%
TTM Avg
9.50%
3Y Avg
8.62%
5Y Avg
9.59%
Market Cap
$77.03B
Return on Invested Capital (ROIC)
9.22%
TTM Avg
9.07%
3Y Avg
9.79%
5Y Avg
9.60%
Market Cap
$76.95B
Return on Invested Capital (ROIC)
8.90%
TTM Avg
8.82%
3Y Avg
9.96%
5Y Avg
9.68%
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
$75.35B
Return on Invested Capital (ROIC)
7.47%
TTM Avg
7.37%
3Y Avg
7.63%
5Y Avg
7.86%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Cintas Corporation (CTAS) | $81.89B | 23.39% | 23.17% | 21.34% | 19.82% |
| Illinois Tool Works Inc. (ITW)vs › | $82.56B | 24.49% | 25.84% | 24.99% | 22.94% |
| Emerson Electric Co. (EMR)vs › | $83.91B | 7.26% | 6.33% | 6.08% | 7.56% |
| Canadian Pacific Kansas City Ltd. (CP)vs › | $78.14B | 5.09% | 4.89% | 1.62% | 3.59% |
| Northrop Grumman Corporation (NOC)vs › | $77.07B | 9.21% | 9.50% | 8.62% | 9.59% |
| Honeywell International Inc. (HON)vs › | $77.03B | 9.22% | 9.07% | 9.79% | 9.60% |
| Canadian National Railway Company (CNI)vs › | $76.95B | 8.90% | 8.82% | 9.96% | 9.68% |
| Cummins Inc. (CMI)vs › | $87.51B | 11.41% | 12.55% | 9.89% | 10.37% |
| Norfolk Southern Corporation (NSC)vs › | $75.35B | 7.47% | 7.37% | 7.63% | 7.86% |
| United Parcel Service, Inc. (UPS)vs › | $88.54B | 10.40% | 11.21% | 13.32% | 13.95% |
ROIC
23.4%
ROE
38.9%
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) |
|---|---|
| 2026-05-31 | 23.39% |
| 2025-05-31 | 22.95% |
| 2024-05-31 | 20.22% |
| 2023-05-31 | 18.78% |
| 2022-05-31 | 17.80% |
| 2021-05-31 | 15.80% |
| 2020-05-31 | 13.49% |
| 2019-05-31 | 13.31% |
| 2018-05-31 | 14.01% |
| 2017-05-31 | 8.20% |
| 2016-05-31 | 13.58% |
| 2015-05-31 | 12.25% |
| 2014-05-31 | 9.11% |
| 2013-05-31 | 9.39% |
| 2012-05-31 | 9.18% |
| 2011-05-31 | 7.07% |
| 2010-05-31 | 6.83% |
| 2009-05-31 | 7.47% |
| 2008-05-31 | 10.60% |
| 2007-05-31 | 11.41% |
| 2006-05-31 | 11.36% |
| 2005-05-31 | 11.49% |
| 2004-05-31 | 11.59% |
| 2003-05-31 | 11.57% |
| 2002-05-31 | 10.68% |
| 2001-05-31 | 15.06% |
| 2000-05-31 | 14.74% |
| 1999-05-31 | 14.39% |
| 1998-05-31 | 15.80% |
| 1997-05-31 | 14.24% |
