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 9.56% is 14% below its 5-year average of 11.11%, near the low end of its 5-year range (8.97%–13.02%).
As of the fiscal period ended Tuesday, June 30, 2026. 2.99% above its 12-month average of 9.28%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
9.56%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
9.28%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
10.23%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
11.11%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
10.23%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
10.46%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
10.45%
CURRENT VS TTM AVG
+2.99%
CURRENT VS 3Y AVG
-6.56%
CURRENT VS 5Y AVG
-13.98%
CURRENT VS 10Y AVG
-6.58%
CURRENT VS 15Y AVG
-8.59%
CURRENT VS 20Y AVG
-8.56%
SECTOR MEDIAN · INDUSTRIALS
9.55%
median of 154 covered companies
CURRENT VS SECTOR MEDIAN
+0.02%
vs the sector median at left
Dover Corporation
Market Cap
$26.25B
Return on Invested Capital (ROIC)
9.56%
TTM Avg
9.28%
3Y Avg
10.23%
5Y Avg
11.11%
Market Cap
$26.36B
Return on Invested Capital (ROIC)
10.66%
TTM Avg
6.55%
3Y Avg
6.97%
5Y Avg
6.06%
Market Cap
$25.88B
Return on Invested Capital (ROIC)
11.14%
TTM Avg
8.86%
3Y Avg
10.88%
5Y Avg
11.43%
Market Cap
$26.69B
Return on Invested Capital (ROIC)
40.31%
TTM Avg
37.16%
3Y Avg
39.67%
5Y Avg
34.68%
Market Cap
$25.59B
Return on Invested Capital (ROIC)
6.91%
TTM Avg
6.12%
3Y Avg
6.13%
5Y Avg
5.99%
Market Cap
$24.61B
Return on Invested Capital (ROIC)
9.55%
TTM Avg
14.57%
3Y Avg
14.06%
5Y Avg
12.58%
Market Cap
$28.06B
Return on Invested Capital (ROIC)
2.39%
TTM Avg
-17.25%
3Y Avg
-54.70%
5Y Avg
-76.23%
Market Cap
$24.32B
Return on Invested Capital (ROIC)
34.54%
TTM Avg
28.21%
3Y Avg
29.84%
5Y Avg
29.70%
Market Cap
$28.44B
Return on Invested Capital (ROIC)
12.58%
TTM Avg
11.84%
3Y Avg
10.95%
5Y Avg
1.40%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Dover Corporation (DOV) | $26.25B | 9.56% | 9.28% | 10.23% | 11.11% |
| nVent Electric plc (NVT)vs › | $26.36B | 10.66% | 6.55% | 6.97% | 6.06% |
| J.B. Hunt Transport Services, Inc. (JBHT)vs › | $25.88B | 11.14% | 8.86% | 10.88% | 11.43% |
| Otis Worldwide Corporation (OTIS)vs › | $26.69B | 40.31% | 37.16% | 39.67% | 34.68% |
| Xylem Inc. (XYL)vs › | $25.59B | 6.91% | 6.12% | 6.13% | 5.99% |
| Hubbell Incorporated (HUBB)vs › | $24.61B | 9.55% | 14.57% | 14.06% | 12.58% |
| Symbotic Inc. (SYM)vs › | $28.06B | 2.39% | -17.25% | -54.70% | -76.23% |
| Expeditors International of Washington, Inc. (EXPD)vs › | $24.32B | 34.54% | 28.21% | 29.84% | 29.70% |
| ATI Inc. (ATI)vs › | $28.44B | 12.58% | 11.84% | 10.95% | 1.40% |
| Sunbelt Rentals Holdings Inc (SUNB)vs › | $28.54B | 8.32% | 8.74% | 9.71% | 9.88% |
ROIC
9.6%
ROE
14.7%
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 | 9.56% |
| 2026-03-31 | 9.42% |
| 2025-12-31 | 9.40% |
| 2025-09-30 | 9.04% |
| 2025-06-30 | 8.99% |
| 2025-03-31 | 9.18% |
| 2024-12-31 | 8.97% |
| 2024-09-30 | 10.45% |
| 2024-06-30 | 11.11% |
| 2024-03-31 | 10.46% |
| 2023-12-31 | 11.80% |
| 2023-09-30 | 12.26% |
| 2023-06-30 | 12.34% |
| 2023-03-31 | 13.02% |
| 2022-12-31 | 12.88% |
| 2022-09-30 | 12.51% |
| 2022-06-30 | 12.09% |
| 2022-03-31 | 12.21% |
| 2021-12-31 | 12.45% |
| 2021-09-30 | 12.81% |
| 2021-06-30 | 12.39% |
| 2021-03-31 | 10.98% |
| 2020-12-31 | 10.47% |
| 2020-09-30 | 10.47% |
| 2020-06-30 | 10.26% |
| 2020-03-31 | 11.45% |
| 2019-12-31 | 11.19% |
| 2019-09-30 | 25.04% |
| 2019-06-30 | 23.94% |
| 2019-03-31 | 23.87% |
| 2018-12-31 | 25.22% |
| 2018-09-30 | 10.77% |
| 2018-06-30 | 4.65% |
| 2018-03-31 | 3.54% |
| 2017-12-31 | 3.48% |
| 2017-09-30 | 2.81% |
| 2017-06-30 | 6.60% |
| 2017-03-31 | 6.29% |
| 2016-12-31 | 6.14% |
| 2016-09-30 | 7.13% |
| 2016-06-30 | 8.12% |
| 2016-03-31 | 8.55% |
| 2015-12-31 | 9.26% |
| 2015-09-30 | 9.63% |
| 2015-06-30 | 10.18% |
| 2015-03-31 | 10.52% |
| 2014-12-31 | 10.78% |
| 2014-09-30 | 11.65% |
| 2014-06-30 | 11.82% |
| 2014-03-31 | 12.76% |
| 2013-12-31 | 10.33% |
| 2013-09-30 | 9.93% |
| 2013-06-30 | 10.35% |
| 2013-03-31 | 9.75% |
| 2012-12-31 | 9.91% |
| 2012-09-30 | 10.55% |
| 2012-06-30 | 10.52% |
| 2012-03-31 | 11.01% |
| 2011-12-31 | 11.13% |
| 2011-09-30 | 11.16% |
| 2011-06-30 | 11.16% |
| 2011-03-31 | 10.41% |
| 2010-12-31 | 10.68% |
| 2010-09-30 | 9.67% |
| 2010-06-30 | 8.28% |
| 2010-03-31 | 7.26% |
| 2009-12-31 | 6.40% |
| 2009-09-30 | 7.39% |
| 2009-06-30 | 8.54% |
| 2009-03-31 | 9.88% |
| 2008-12-31 | 11.03% |
| 2008-09-30 | 10.59% |
| 2008-06-30 | 10.42% |
| 2008-03-31 | 10.39% |
| 2007-12-31 | 10.37% |
| 2007-09-30 | 10.44% |
| 2007-06-30 | 10.17% |
| 2007-03-31 | 9.78% |
| 2006-12-31 | 10.29% |
| 2006-09-30 | 10.23% |
| 2006-06-30 | 10.26% |
| 2006-03-31 | 9.53% |
| 2005-12-31 | 9.00% |
| 2005-09-30 | 8.14% |
| 2005-06-30 | 9.40% |
| 2005-03-31 | 9.27% |
| 2004-12-31 | 9.38% |
| 2004-09-30 | 9.58% |
| 2004-06-30 | 9.05% |
| 2004-03-31 | 8.40% |
| 2003-12-31 | 7.88% |
| 2003-09-30 | 7.68% |
| 2003-06-30 | 7.43% |
