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 9.42% is in line with its 5-year average of 9.64%, around the middle of its 5-year range (6.81%–11.89%).
As of the fiscal period ended Tuesday, June 30, 2026. 14.40% below its 12-month average of 11.00%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
9.42%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
11.00%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
10.72%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
9.64%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
9.58%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
9.00%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
9.81%
CURRENT VS TTM AVG
-14.40%
CURRENT VS 3Y AVG
-12.14%
CURRENT VS 5Y AVG
-2.30%
CURRENT VS 10Y AVG
-1.70%
CURRENT VS 15Y AVG
+4.60%
CURRENT VS 20Y AVG
-3.98%
SECTOR MEDIAN · BASIC MATERIALS
8.91%
median of 54 covered companies
CURRENT VS SECTOR MEDIAN
+5.62%
vs the sector median at left
Ecolab Inc.
Market Cap
$78.27B
Return on Invested Capital (ROIC)
9.42%
TTM Avg
11.00%
3Y Avg
10.72%
5Y Avg
9.64%
Market Cap
$79.16B
Return on Invested Capital (ROIC)
14.59%
TTM Avg
15.02%
3Y Avg
14.74%
5Y Avg
14.56%
Market Cap
$73.89B
Return on Invested Capital (ROIC)
17.08%
TTM Avg
10.16%
3Y Avg
7.31%
5Y Avg
7.34%
Market Cap
$70.44B
Return on Invested Capital (ROIC)
16.61%
TTM Avg
11.24%
3Y Avg
9.32%
5Y Avg
9.68%
Market Cap
$88.66B
Return on Invested Capital (ROIC)
9.77%
TTM Avg
7.86%
3Y Avg
7.37%
5Y Avg
6.63%
Market Cap
$66.36B
Return on Invested Capital (ROIC)
8.48%
TTM Avg
11.31%
3Y Avg
13.87%
5Y Avg
16.82%
Market Cap
$66.30B
Return on Invested Capital (ROIC)
-1.61%
TTM Avg
3.81%
3Y Avg
5.62%
5Y Avg
6.30%
Market Cap
$60.55B
Return on Invested Capital (ROIC)
8.23%
TTM Avg
8.61%
3Y Avg
8.75%
5Y Avg
7.88%
Market Cap
$58.39B
Return on Invested Capital (ROIC)
10.13%
TTM Avg
7.31%
3Y Avg
10.13%
5Y Avg
15.59%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Ecolab Inc. (ECL) | $78.27B | 9.42% | 11.00% | 10.72% | 9.64% |
| The Sherwin-Williams Company (SHW)vs › | $79.16B | 14.59% | 15.02% | 14.74% | 14.56% |
| Barrick Mining Corporation (B)vs › | $73.89B | 17.08% | 10.16% | 7.31% | 7.34% |
| Wheaton Precious Metals Corp. (WPM)vs › | $70.44B | 16.61% | 11.24% | 9.32% | 9.68% |
| Johnson Controls International plc (JCI)vs › | $88.66B | 9.77% | 7.86% | 7.37% | 6.63% |
| Vale S.A. (VALE)vs › | $66.36B | 8.48% | 11.31% | 13.87% | 16.82% |
| Air Products and Chemicals, Inc. (APD)vs › | $66.30B | -1.61% | 3.81% | 5.62% | 6.30% |
| CRH plc (CRH)vs › | $60.55B | 8.23% | 8.61% | 8.75% | 7.88% |
| Nucor Corporation (NUE)vs › | $58.39B | 10.13% | 7.31% | 10.13% | 15.59% |
| Corteva, Inc. (CTVA)vs › | $57.45B | 6.19% | 5.23% | 5.29% | 4.46% |
ROIC
9.4%
ROE
21.1%
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 | 9.42% |
| 2026-03-31 | 11.47% |
| 2025-12-31 | 11.66% |
| 2025-09-30 | 11.41% |
| 2025-06-30 | 11.04% |
| 2025-03-31 | 11.68% |
| 2024-12-31 | 11.89% |
| 2024-09-30 | 11.29% |
| 2024-06-30 | 11.53% |
| 2024-03-31 | 10.68% |
| 2023-12-31 | 9.46% |
| 2023-09-30 | 9.25% |
| 2023-06-30 | 8.54% |
| 2023-03-31 | 7.93% |
| 2022-12-31 | 7.48% |
| 2022-09-30 | 6.81% |
| 2022-06-30 | 6.92% |
| 2022-03-31 | 7.46% |
| 2021-12-31 | 7.51% |
| 2021-09-30 | 9.32% |
| 2021-06-30 | 9.63% |
| 2021-03-31 | 9.04% |
| 2020-12-31 | 9.67% |
| 2020-09-30 | 10.04% |
| 2020-06-30 | 9.79% |
| 2020-03-31 | 8.45% |
| 2019-12-31 | 9.33% |
| 2019-09-30 | 8.96% |
| 2019-06-30 | 9.17% |
| 2019-03-31 | 8.86% |
| 2018-12-31 | 9.23% |
| 2018-09-30 | 10.92% |
| 2018-06-30 | 10.94% |
| 2018-03-31 | 11.72% |
| 2017-12-31 | 11.55% |
| 2017-09-30 | 9.82% |
| 2017-06-30 | 9.38% |
| 2017-03-31 | 8.76% |
| 2016-12-31 | 9.06% |
| 2016-09-30 | 8.27% |
| 2016-06-30 | 7.37% |
| 2016-03-31 | 7.57% |
| 2015-12-31 | 7.49% |
| 2015-09-30 | 8.08% |
| 2015-06-30 | 8.52% |
| 2015-03-31 | 8.55% |
| 2014-12-31 | 8.38% |
| 2014-09-30 | 7.90% |
| 2014-06-30 | 7.52% |
| 2014-03-31 | 6.99% |
| 2013-12-31 | 6.88% |
| 2013-09-30 | 6.49% |
| 2013-06-30 | 6.00% |
| 2013-03-31 | 6.62% |
| 2012-12-31 | 5.83% |
| 2012-09-30 | 5.00% |
| 2012-06-30 | 4.18% |
| 2012-03-31 | 3.48% |
| 2011-12-31 | 3.19% |
| 2011-09-30 | 12.85% |
| 2011-06-30 | 13.55% |
| 2011-03-31 | 13.84% |
| 2010-12-31 | 15.34% |
| 2010-09-30 | 14.81% |
| 2010-06-30 | 14.45% |
| 2010-03-31 | 13.23% |
| 2009-12-31 | 11.89% |
| 2009-09-30 | 11.11% |
| 2009-06-30 | 10.58% |
| 2009-03-31 | 12.04% |
| 2008-12-31 | 13.42% |
| 2008-09-30 | 13.22% |
| 2008-06-30 | 12.21% |
| 2008-03-31 | 11.75% |
| 2007-12-31 | 12.82% |
| 2007-09-30 | 13.56% |
| 2007-06-30 | 13.63% |
| 2007-03-31 | 13.32% |
| 2006-12-31 | 11.60% |
| 2006-09-30 | 11.89% |
| 2006-06-30 | 11.75% |
| 2006-03-31 | 12.03% |
| 2005-12-31 | 11.98% |
| 2005-09-30 | 12.49% |
| 2005-06-30 | 12.35% |
| 2005-03-31 | 11.76% |
| 2004-12-31 | 11.98% |
| 2004-09-30 | 12.58% |
| 2004-06-30 | 12.31% |
| 2004-03-31 | 11.70% |
| 2003-12-31 | 12.20% |
| 2003-09-30 | 12.41% |
| 2003-06-30 | 11.60% |
