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 26.94% is 35% above its 5-year average of 19.99%, near the high end of its 5-year range (10.60%–27.60%).
As of the fiscal period ended Tuesday, June 30, 2026. 0.19% above its 12-month average of 26.89%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 26.94%.
RETURN ON INVESTED CAPITAL (ROIC)
26.94%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
26.89%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
24.38%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
19.99%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
14.69%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
9.78%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
9.48%
CURRENT VS TTM AVG
+0.19%
CURRENT VS 3Y AVG
+10.51%
CURRENT VS 5Y AVG
+34.75%
CURRENT VS 10Y AVG
+83.39%
CURRENT VS 15Y AVG
+175.33%
CURRENT VS 20Y AVG
+184.07%
SECTOR MEDIAN · INDUSTRIALS
9.55%
median of 154 covered companies
CURRENT VS SECTOR MEDIAN
+181.93%
vs the sector median at left
EMCOR Group, Inc.
Market Cap
$33.09B
Return on Invested Capital (ROIC)
26.94%
TTM Avg
26.89%
3Y Avg
24.38%
5Y Avg
19.99%
Market Cap
$35.28B
Return on Invested Capital (ROIC)
6.46%
TTM Avg
6.91%
3Y Avg
5.85%
5Y Avg
1.40%
Market Cap
$35.98B
Return on Invested Capital (ROIC)
20.81%
TTM Avg
21.74%
3Y Avg
25.01%
5Y Avg
23.46%
Market Cap
$30.17B
Return on Invested Capital (ROIC)
8.08%
TTM Avg
8.74%
3Y Avg
9.71%
5Y Avg
9.88%
Market Cap
$36.09B
Return on Invested Capital (ROIC)
1.09%
TTM Avg
0.27%
3Y Avg
2.42%
5Y Avg
-0.79%
Market Cap
$37.38B
Return on Invested Capital (ROIC)
-6.11%
TTM Avg
-16.82%
3Y Avg
-18.54%
5Y Avg
-20.84%
Market Cap
$28.11B
Return on Invested Capital (ROIC)
8.36%
TTM Avg
6.25%
3Y Avg
5.98%
5Y Avg
4.75%
Market Cap
$27.11B
Return on Invested Capital (ROIC)
14.28%
TTM Avg
14.50%
3Y Avg
16.00%
5Y Avg
18.31%
Market Cap
$39.15B
Return on Invested Capital (ROIC)
6.63%
TTM Avg
5.81%
3Y Avg
5.96%
5Y Avg
5.43%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| EMCOR Group, Inc. (EME) | $33.09B | 26.94% | 26.89% | 24.38% | 19.99% |
| United Airlines Holdings, Inc. (UAL)vs › | $35.28B | 6.46% | 6.91% | 5.85% | 1.40% |
| Old Dominion Freight Line, Inc. (ODFL)vs › | $35.98B | 20.81% | 21.74% | 25.01% | 23.46% |
| Sunbelt Rentals Holdings Inc (SUNB)vs › | $30.17B | 8.08% | 8.74% | 9.71% | 9.88% |
| Axon Enterprise, Inc. (AXON)vs › | $36.09B | 1.09% | 0.27% | 2.42% | -0.79% |
| Rocket Lab USA, Inc. (RKLB)vs › | $37.38B | -6.11% | -16.82% | -18.54% | -20.84% |
| Ingersoll Rand Inc. (IR)vs › | $28.11B | 8.36% | 6.25% | 5.98% | 4.75% |
| Copart, Inc. (CPRT)vs › | $27.11B | 14.28% | 14.50% | 16.00% | 18.31% |
| Waste Connections, Inc. (WCN)vs › | $39.15B | 6.63% | 5.81% | 5.96% | 5.43% |
| Symbotic Inc. (SYM)vs › | $26.88B | 2.39% | -17.25% | -54.70% | -76.23% |
ROIC
26.9%
ROE
35.2%
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 | 26.94% |
| 2026-03-31 | 26.30% |
| 2025-12-31 | 26.40% |
| 2025-09-30 | 27.58% |
| 2025-06-30 | 27.21% |
| 2025-03-31 | 26.67% |
| 2024-12-31 | 27.60% |
| 2024-09-30 | 26.74% |
| 2024-06-30 | 23.95% |
| 2024-03-31 | 21.93% |
| 2023-12-31 | 20.54% |
| 2023-09-30 | 18.49% |
| 2023-06-30 | 16.54% |
| 2023-03-31 | 15.03% |
| 2022-12-31 | 14.39% |
| 2022-09-30 | 13.33% |
| 2022-06-30 | 13.34% |
| 2022-03-31 | 12.39% |
| 2021-12-31 | 12.20% |
| 2021-09-30 | 11.63% |
| 2021-06-30 | 10.60% |
| 2021-03-31 | 4.85% |
| 2020-12-31 | 4.75% |
| 2020-09-30 | 4.94% |
| 2020-06-30 | 5.86% |
| 2020-03-31 | 10.77% |
| 2019-12-31 | 11.22% |
| 2019-09-30 | 11.55% |
| 2019-06-30 | 11.69% |
| 2019-03-31 | 11.56% |
| 2018-12-31 | 12.31% |
| 2018-09-30 | 11.02% |
| 2018-06-30 | 10.59% |
| 2018-03-31 | 10.14% |
| 2017-12-31 | 10.12% |
| 2017-09-30 | 9.24% |
| 2017-06-30 | 8.86% |
| 2017-03-31 | 9.03% |
| 2016-12-31 | 8.04% |
| 2016-09-30 | 8.10% |
| 2016-06-30 | 7.81% |
| 2016-03-31 | 8.34% |
| 2015-12-31 | 8.26% |
| 2015-09-30 | 7.83% |
| 2015-06-30 | 8.19% |
| 2015-03-31 | 8.12% |
| 2014-12-31 | 8.60% |
| 2014-09-30 | 8.40% |
| 2014-06-30 | 7.54% |
| 2014-03-31 | 6.64% |
| 2013-12-31 | 6.16% |
| 2013-09-30 | 6.05% |
| 2013-06-30 | 7.70% |
| 2013-03-31 | 8.44% |
| 2012-12-31 | 8.40% |
| 2012-09-30 | 8.07% |
| 2012-06-30 | 7.90% |
| 2012-03-31 | 7.78% |
| 2011-12-31 | 7.78% |
| 2011-09-30 | 8.08% |
| 2011-06-30 | -0.48% |
| 2011-03-31 | -1.47% |
| 2010-12-31 | -1.48% |
| 2010-09-30 | -2.38% |
| 2010-06-30 | 7.85% |
| 2010-03-31 | 9.01% |
| 2009-12-31 | 9.75% |
| 2009-09-30 | 11.41% |
| 2009-06-30 | 12.28% |
| 2009-03-31 | 12.58% |
| 2008-12-31 | 12.34% |
| 2008-09-30 | 7.91% |
| 2008-06-30 | 7.19% |
| 2008-03-31 | 6.08% |
| 2007-12-31 | 4.63% |
| 2007-09-30 | 8.25% |
| 2007-06-30 | 10.16% |
| 2007-03-31 | 9.83% |
| 2006-12-31 | 9.78% |
| 2006-09-30 | 8.07% |
| 2006-06-30 | 10.09% |
| 2006-03-31 | 9.50% |
| 2005-12-31 | 9.50% |
| 2005-09-30 | 9.03% |
| 2005-06-30 | 5.81% |
| 2005-03-31 | 5.03% |
| 2004-12-31 | 6.03% |
| 2004-09-30 | 3.65% |
| 2004-06-30 | 2.82% |
| 2004-03-31 | 4.20% |
| 2003-12-31 | 3.33% |
| 2003-09-30 | 5.34% |
| 2003-06-30 | 7.21% |
