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 9.61% is 31% above its 5-year average of 7.32%, near the high end of its 5-year range (4.19%–11.52%).
As of the fiscal period ended Tuesday, June 30, 2026. 2.12% below its 12-month average of 9.81%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 9.61%.
RETURN ON INVESTED CAPITAL (ROIC)
9.61%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
9.81%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
7.87%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
7.32%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
6.87%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
-0.11%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
0.68%
CURRENT VS TTM AVG
-2.12%
CURRENT VS 3Y AVG
+22.09%
CURRENT VS 5Y AVG
+31.28%
CURRENT VS 10Y AVG
+39.77%
CURRENT VS 15Y AVG
+8822.99%
CURRENT VS 20Y AVG
+1319.08%
SECTOR MEDIAN · INDUSTRIALS
4.44%
median of 372 covered companies
CURRENT VS SECTOR MEDIAN
+116.61%
vs the sector median at left
Energy Recovery, Inc.
Market Cap
$362.88M
Return on Invested Capital (ROIC)
9.61%
TTM Avg
9.81%
3Y Avg
7.87%
5Y Avg
7.32%
Market Cap
$342.59M
Return on Invested Capital (ROIC)
14.98%
TTM Avg
17.64%
3Y Avg
17.64%
5Y Avg
17.64%
Market Cap
$383.21M
Return on Invested Capital (ROIC)
5.30%
TTM Avg
6.60%
3Y Avg
3.66%
5Y Avg
3.60%
Market Cap
$341.92M
Return on Invested Capital (ROIC)
6.51%
TTM Avg
8.20%
3Y Avg
6.75%
5Y Avg
5.32%
Market Cap
$339.41M
Return on Invested Capital (ROIC)
-3.87%
TTM Avg
-6.22%
3Y Avg
-5.49%
5Y Avg
-6.66%
Market Cap
$334.25M
Return on Invested Capital (ROIC)
-72.19%
TTM Avg
-95.95%
3Y Avg
-95.95%
5Y Avg
-95.95%
Market Cap
$400.77M
Return on Invested Capital (ROIC)
-37.91%
TTM Avg
-67.31%
3Y Avg
-82.84%
5Y Avg
-107.23%
Market Cap
$323.28M
Return on Invested Capital (ROIC)
6.22%
TTM Avg
6.38%
3Y Avg
-6.49%
5Y Avg
-31.91%
Market Cap
$313.72M
Return on Invested Capital (ROIC)
-0.14%
TTM Avg
-0.14%
3Y Avg
-0.95%
5Y Avg
-1.71%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Energy Recovery, Inc. (ERII) | $362.88M | 9.61% | 9.81% | 7.87% | 7.32% |
| Innovative Aerosystems, Inc. (IA)vs › | $342.59M | 14.98% | 17.64% | 17.64% | 17.64% |
| L.B. Foster Company (FSTR)vs › | $383.21M | 5.30% | 6.60% | 3.66% | 3.60% |
| StealthGas Inc. (GASS)vs › | $341.92M | 6.51% | 8.20% | 6.75% | 5.32% |
| NN, Inc. (NNBR)vs › | $339.41M | -3.87% | -6.22% | -5.49% | -6.66% |
| Deep Fission, Inc. (FISN)vs › | $334.25M | -72.19% | -95.95% | -95.95% | -95.95% |
| Aduro Clean Technologies Inc. (ADUR)vs › | $400.77M | -37.91% | -67.31% | -82.84% | -107.23% |
| Electrovaya Inc. (ELVA)vs › | $323.28M | 6.22% | 6.38% | -6.49% | -31.91% |
| FTAI Infrastructure Inc. (FIP)vs › | $313.72M | -0.14% | -0.14% | -0.95% | -1.71% |
| Falcon's Beyond Global, Inc. Class A Common Stock (FBYD)vs › | $401.90M | -30.12% | -48.71% | -38.11% | -25.03% |
ROIC
9.6%
ROE
8.9%
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 | 9.61% |
| 2026-03-31 | 11.46% |
| 2025-12-31 | 9.54% |
| 2025-09-30 | 8.33% |
| 2025-06-30 | 10.13% |
| 2025-03-31 | 7.87% |
| 2024-12-31 | 8.05% |
| 2024-09-30 | 5.63% |
| 2024-06-30 | 6.81% |
| 2024-03-31 | 6.77% |
| 2023-12-31 | 7.79% |
| 2023-09-30 | 6.03% |
| 2023-06-30 | 4.25% |
| 2023-03-31 | 4.19% |
| 2022-12-31 | 11.52% |
| 2022-09-30 | 8.26% |
| 2022-06-30 | 6.59% |
| 2022-03-31 | 7.71% |
| 2021-12-31 | 7.08% |
| 2021-09-30 | 6.06% |
| 2021-06-30 | 8.32% |
| 2021-03-31 | 15.75% |
| 2020-12-31 | 13.63% |
| 2020-09-30 | 11.78% |
| 2020-06-30 | 11.87% |
| 2020-03-31 | 4.37% |
| 2019-12-31 | 5.73% |
| 2019-09-30 | 7.45% |
| 2019-06-30 | 7.46% |
| 2019-03-31 | 9.00% |
| 2018-12-31 | 6.53% |
| 2018-09-30 | 7.57% |
| 2018-06-30 | 5.05% |
| 2018-03-31 | 1.97% |
| 2017-12-31 | 2.31% |
| 2017-09-30 | 2.21% |
| 2017-06-30 | 0.54% |
| 2017-03-31 | 1.40% |
| 2016-12-31 | 0.27% |
| 2016-09-30 | -1.99% |
| 2016-06-30 | -1.66% |
| 2016-03-31 | -4.48% |
| 2015-12-31 | -8.68% |
| 2015-09-30 | -25.08% |
| 2015-06-30 | -33.24% |
| 2015-03-31 | -33.51% |
| 2014-12-31 | -24.84% |
| 2014-09-30 | -8.99% |
| 2014-06-30 | -6.37% |
| 2014-03-31 | -2.44% |
| 2013-12-31 | -3.16% |
| 2013-09-30 | -14.20% |
| 2013-06-30 | -11.31% |
| 2013-03-31 | -9.60% |
| 2012-12-31 | -9.44% |
| 2012-09-30 | -18.24% |
| 2012-06-30 | -23.14% |
| 2012-03-31 | -28.20% |
| 2011-12-31 | -25.06% |
| 2011-09-30 | -13.03% |
| 2011-06-30 | -10.40% |
| 2011-03-31 | -6.49% |
| 2010-12-31 | -4.02% |
| 2010-09-30 | -1.87% |
| 2010-06-30 | 1.63% |
| 2010-03-31 | 1.71% |
| 2009-12-31 | 2.93% |
| 2009-09-30 | 6.50% |
| 2009-06-30 | 6.55% |
| 2009-03-31 | 8.42% |
| 2008-12-31 | 7.58% |
| 2008-09-30 | -11.20% |
| 2008-06-30 | -22.21% |
| 2008-03-31 | 3.71% |
| 2007-12-31 | 33.71% |
| 2006-12-31 | 40.95% |
