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 7.63% is in line with its 5-year average of 7.06%, near the high end of its 5-year range (-14.46%–10.45%).
As of the fiscal period ended Tuesday, June 30, 2026. 9.17% below its 12-month average of 8.40%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 7.63%.
RETURN ON INVESTED CAPITAL (ROIC)
7.63%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
8.40%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
8.75%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
7.06%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
8.68%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
8.69%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
8.39%
CURRENT VS TTM AVG
-9.17%
CURRENT VS 3Y AVG
-12.77%
CURRENT VS 5Y AVG
+8.08%
CURRENT VS 10Y AVG
-12.06%
CURRENT VS 15Y AVG
-12.20%
CURRENT VS 20Y AVG
-9.03%
SECTOR MEDIAN · INDUSTRIALS
9.55%
median of 154 covered companies
CURRENT VS SECTOR MEDIAN
-20.13%
vs the sector median at left
Delta Air Lines, Inc.
Market Cap
$52.55B
Return on Invested Capital (ROIC)
7.63%
TTM Avg
8.40%
3Y Avg
8.75%
5Y Avg
7.06%
Market Cap
$50.16B
Return on Invested Capital (ROIC)
22.59%
TTM Avg
22.59%
3Y Avg
22.59%
5Y Avg
22.59%
Market Cap
$55.44B
Return on Invested Capital (ROIC)
11.38%
TTM Avg
11.11%
3Y Avg
10.87%
5Y Avg
10.37%
Market Cap
$56.59B
Return on Invested Capital (ROIC)
30.16%
TTM Avg
28.53%
3Y Avg
28.70%
5Y Avg
27.61%
Market Cap
$47.84B
Return on Invested Capital (ROIC)
7.64%
TTM Avg
7.77%
3Y Avg
6.65%
5Y Avg
5.74%
Market Cap
$47.67B
Return on Invested Capital (ROIC)
19.92%
TTM Avg
13.19%
3Y Avg
14.28%
5Y Avg
13.82%
Market Cap
$47.37B
Return on Invested Capital (ROIC)
5.03%
TTM Avg
4.58%
3Y Avg
5.74%
5Y Avg
7.20%
Market Cap
$45.72B
Return on Invested Capital (ROIC)
5.30%
TTM Avg
5.24%
3Y Avg
5.14%
5Y Avg
4.21%
Market Cap
$59.51B
Return on Invested Capital (ROIC)
38.80%
TTM Avg
30.55%
3Y Avg
25.18%
5Y Avg
20.85%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Delta Air Lines, Inc. (DAL) | $52.55B | 7.63% | 8.40% | 8.75% | 7.06% |
| Honeywell Aerospace Inc (HONA)vs › | $50.16B | 22.59% | 22.59% | 22.59% | 22.59% |
| AMETEK, Inc. (AME)vs › | $55.44B | 11.38% | 11.11% | 10.87% | 10.37% |
| Fastenal Company (FAST)vs › | $56.59B | 30.16% | 28.53% | 28.70% | 27.61% |
| Westinghouse Air Brake Technologies Corporation (WAB)vs › | $47.84B | 7.64% | 7.77% | 6.65% | 5.74% |
| Rockwell Automation, Inc. (ROK)vs › | $47.67B | 19.92% | 13.19% | 14.28% | 13.82% |
| Carrier Global Corporation (CARR)vs › | $47.37B | 5.03% | 4.58% | 5.74% | 7.20% |
| L3Harris Technologies, Inc. (LHX)vs › | $45.72B | 5.30% | 5.24% | 5.14% | 4.21% |
| Comfort Systems USA, Inc. (FIX)vs › | $59.51B | 38.80% | 30.55% | 25.18% | 20.85% |
| HEICO Corporation (HEI-A)vs › | $45.31B | 11.37% | 10.50% | 9.87% | 10.08% |
ROIC
7.6%
ROE
18.1%
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 | 7.63% |
| 2026-03-31 | 8.32% |
| 2025-12-31 | 8.43% |
| 2025-09-30 | 8.83% |
| 2025-06-30 | 8.81% |
| 2025-03-31 | 8.87% |
| 2024-12-31 | 8.75% |
| 2024-09-30 | 8.99% |
| 2024-06-30 | 9.88% |
| 2024-03-31 | 10.45% |
| 2023-12-31 | 9.04% |
| 2023-09-30 | 9.08% |
| 2023-06-30 | 8.38% |
| 2023-03-31 | 6.46% |
| 2022-12-31 | 5.18% |
| 2022-09-30 | 2.77% |
| 2022-06-30 | 3.92% |
| 2022-03-31 | 3.56% |
| 2021-12-31 | 2.48% |
| 2021-09-30 | 1.41% |
| 2021-06-30 | -14.46% |
| 2021-03-31 | -24.30% |
| 2020-12-31 | -21.57% |
| 2020-09-30 | -15.86% |
| 2020-06-30 | -3.06% |
| 2020-03-31 | 7.29% |
| 2019-12-31 | 10.92% |
| 2019-09-30 | 10.67% |
| 2019-06-30 | 10.36% |
| 2019-03-31 | 9.58% |
| 2018-12-31 | 9.33% |
| 2018-09-30 | 10.05% |
| 2018-06-30 | 9.77% |
| 2018-03-31 | 10.28% |
| 2017-12-31 | 10.28% |
| 2017-09-30 | 10.36% |
| 2017-06-30 | 10.79% |
| 2017-03-31 | 11.56% |
| 2016-12-31 | 12.33% |
| 2016-09-30 | 13.59% |
| 2016-06-30 | 14.01% |
| 2016-03-31 | 13.79% |
| 2015-12-31 | 13.27% |
| 2015-09-30 | 8.80% |
| 2015-06-30 | 6.51% |
| 2015-03-31 | 4.91% |
| 2014-12-31 | 3.54% |
| 2014-09-30 | 9.75% |
| 2014-06-30 | 11.68% |
| 2014-03-31 | 9.81% |
| 2013-12-31 | 8.58% |
| 2013-09-30 | 9.42% |
| 2013-06-30 | 8.89% |
| 2013-03-31 | 6.48% |
| 2012-12-31 | 6.86% |
| 2012-09-30 | 8.05% |
| 2012-06-30 | 6.89% |
| 2012-03-31 | 8.28% |
| 2011-12-31 | 6.77% |
| 2011-09-30 | 10.47% |
| 2011-06-30 | 11.61% |
| 2011-03-31 | 12.31% |
| 2010-12-31 | 12.42% |
| 2010-09-30 | 9.54% |
| 2010-06-30 | 6.97% |
| 2010-03-31 | 3.76% |
| 2009-12-31 | 5.18% |
| 2009-09-30 | 3.90% |
| 2009-06-30 | 4.79% |
| 2009-03-31 | 6.43% |
| 2008-12-31 | 5.88% |
| 2008-09-30 | 8.95% |
| 2008-06-30 | 10.03% |
| 2008-03-31 | 11.10% |
| 2007-12-31 | 8.12% |
| 2007-09-30 | 9.55% |
| 2007-06-30 | 6.63% |
| 2007-03-31 | 8.10% |
| 2006-12-31 | 0.38% |
| 2006-09-30 | -3.91% |
| 2006-06-30 | -6.58% |
| 2006-03-31 | -9.84% |
| 2005-12-31 | -12.54% |
| 2005-09-30 | -10.54% |
| 2005-06-30 | -11.99% |
| 2005-03-31 | -12.55% |
| 2004-12-31 | -8.55% |
| 2004-09-30 | -7.81% |
| 2004-06-30 | -5.79% |
| 2004-03-31 | -3.17% |
| 2003-12-31 | -3.79% |
| 2003-09-30 | -3.88% |
| 2003-06-30 | 8.84% |
