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 8.30% is 203% above its 5-year average of 2.74%, near the high end of its 5-year range (-16.94%–8.90%).
As of the fiscal period ended Wednesday, December 31, 2025. 1.89% below its 12-month average of 8.46%.
Annual fiscal-year return on invested capital; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
8.30%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
8.46%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
7.73%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
2.74%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
6.49%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
7.96%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
7.13%
CURRENT VS TTM AVG
-1.89%
CURRENT VS 3Y AVG
+7.37%
CURRENT VS 5Y AVG
+202.92%
CURRENT VS 10Y AVG
+27.89%
CURRENT VS 15Y AVG
+4.30%
CURRENT VS 20Y AVG
+16.36%
SECTOR MEDIAN · INDUSTRIALS
9.03%
median of 131 covered companies
CURRENT VS SECTOR MEDIAN
-8.08%
vs the sector median at left
Delta Air Lines, Inc.
Market Cap
$57.69B
Return on Invested Capital (ROIC)
8.30%
TTM Avg
8.46%
3Y Avg
7.73%
5Y Avg
2.74%
Market Cap
$55.68B
Return on Invested Capital (ROIC)
5.14%
TTM Avg
5.24%
3Y Avg
5.14%
5Y Avg
5.34%
Market Cap
$54.88B
Return on Invested Capital (ROIC)
33.59%
TTM Avg
30.38%
3Y Avg
24.94%
5Y Avg
20.63%
Market Cap
$54.54B
Return on Invested Capital (ROIC)
28.17%
TTM Avg
27.85%
3Y Avg
28.02%
5Y Avg
26.95%
Market Cap
$54.32B
Return on Invested Capital (ROIC)
10.99%
TTM Avg
11.06%
3Y Avg
10.83%
5Y Avg
10.33%
Market Cap
$51.15B
Return on Invested Capital (ROIC)
13.71%
TTM Avg
13.05%
3Y Avg
14.13%
5Y Avg
13.66%
Market Cap
$64.72B
Return on Invested Capital (ROIC)
27.73%
TTM Avg
28.16%
3Y Avg
29.01%
5Y Avg
25.86%
Market Cap
$50.47B
Return on Invested Capital (ROIC)
5.41%
TTM Avg
4.52%
3Y Avg
5.71%
5Y Avg
7.16%
Market Cap
$50.45B
Return on Invested Capital (ROIC)
7.64%
TTM Avg
7.77%
3Y Avg
6.65%
5Y Avg
5.74%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Delta Air Lines, Inc. (DAL) | $57.69B | 8.30% | 8.46% | 7.73% | 2.74% |
| L3Harris Technologies, Inc. (LHX)vs › | $55.68B | 5.14% | 5.24% | 5.14% | 5.34% |
| Comfort Systems USA, Inc. (FIX)vs › | $54.88B | 33.59% | 30.38% | 24.94% | 20.63% |
| Fastenal Company (FAST)vs › | $54.54B | 28.17% | 27.85% | 28.02% | 26.95% |
| AMETEK, Inc. (AME)vs › | $54.32B | 10.99% | 11.06% | 10.83% | 10.33% |
| Rockwell Automation, Inc. (ROK)vs › | $51.15B | 13.71% | 13.05% | 14.13% | 13.66% |
| W.W. Grainger, Inc. (GWW)vs › | $64.72B | 27.73% | 28.16% | 29.01% | 25.86% |
| Carrier Global Corporation (CARR)vs › | $50.47B | 5.41% | 4.52% | 5.71% | 7.16% |
| Westinghouse Air Brake Technologies Corporation (WAB)vs › | $50.45B | 7.64% | 7.77% | 6.65% | 5.74% |
| Honeywell Aerospace Inc (HONA)vs › | $65.51B | N/A | N/A | N/A | N/A |
ROIC
8.3%
ROE
18.1%
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 | 8.30% |
| 2024-12-31 | 8.62% |
| 2023-12-31 | 8.90% |
| 2022-12-31 | 5.10% |
| 2021-12-31 | 2.46% |
| 2020-12-31 | -16.94% |
| 2019-12-31 | 10.73% |
| 2018-12-31 | 9.11% |
| 2017-12-31 | 9.41% |
| 2016-12-31 | 12.43% |
| 2015-12-31 | 13.27% |
| 2014-12-31 | 3.54% |
| 2013-12-31 | 8.58% |
| 2012-12-31 | 6.51% |
| 2011-12-31 | 6.03% |
| 2010-12-31 | 6.38% |
| 2009-12-31 | 3.61% |
| 2008-12-31 | 2.96% |
| 2007-12-31 | 9.25% |
| 2006-12-31 | 0.34% |
| 2005-12-31 | -12.40% |
| 2004-12-31 | -19.75% |
| 2003-12-31 | -2.46% |
| 2002-12-31 | -4.39% |
| 2001-12-31 | -5.72% |
| 2000-12-31 | 5.84% |
| 2000-06-30 | 46.64% |
| 1998-06-30 | 9.35% |
| 1997-06-30 | 10.13% |
| 1996-06-30 | 68.45% |
