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 9.13% is 37% above its 5-year average of 6.65%, near the high end of its 5-year range (5.10%–9.13%).
As of the fiscal period ended Wednesday, December 31, 2025. 10.80% above its 12-month average of 8.24%.
Annual fiscal-year return on invested capital; no daily interpolation. Historical series through 2025-12-31.
RETURN ON INVESTED CAPITAL (ROIC)
9.13%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
8.24%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
7.22%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
6.65%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
7.33%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
7.36%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
7.63%
CURRENT VS TTM AVG
+10.80%
CURRENT VS 3Y AVG
+26.50%
CURRENT VS 5Y AVG
+37.29%
CURRENT VS 10Y AVG
+24.62%
CURRENT VS 15Y AVG
+23.98%
CURRENT VS 20Y AVG
+19.67%
SECTOR MEDIAN · INDUSTRIALS
5.28%
median of 336 covered companies
CURRENT VS SECTOR MEDIAN
+72.92%
vs the sector median at left
Elbit Systems Ltd.
Market Cap
$32.68B
Return on Invested Capital (ROIC)
9.13%
TTM Avg
8.24%
3Y Avg
7.22%
5Y Avg
6.65%
Market Cap
$32.14B
Return on Invested Capital (ROIC)
8.10%
TTM Avg
8.74%
3Y Avg
9.71%
5Y Avg
9.88%
Market Cap
$33.85B
Return on Invested Capital (ROIC)
1.09%
TTM Avg
0.27%
3Y Avg
2.42%
5Y Avg
-0.79%
Market Cap
$31.09B
Return on Invested Capital (ROIC)
8.36%
TTM Avg
6.25%
3Y Avg
5.98%
5Y Avg
4.75%
Market Cap
$35.21B
Return on Invested Capital (ROIC)
26.94%
TTM Avg
27.00%
3Y Avg
22.23%
5Y Avg
17.65%
Market Cap
$35.35B
Return on Invested Capital (ROIC)
21.08%
TTM Avg
18.61%
3Y Avg
25.57%
5Y Avg
26.74%
Market Cap
$37.13B
Return on Invested Capital (ROIC)
6.46%
TTM Avg
6.91%
3Y Avg
5.85%
5Y Avg
1.40%
Market Cap
$37.07B
Return on Invested Capital (ROIC)
20.81%
TTM Avg
21.74%
3Y Avg
25.01%
5Y Avg
23.46%
Market Cap
$37.35B
Return on Invested Capital (ROIC)
4.39%
TTM Avg
3.93%
3Y Avg
3.03%
5Y Avg
2.49%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Elbit Systems Ltd. (ESLT) | $32.68B | 9.13% | 8.24% | 7.22% | 6.65% |
| Sunbelt Rentals Holdings Inc (SUNB)vs › | $32.14B | 8.10% | 8.74% | 9.71% | 9.88% |
| Axon Enterprise, Inc. (AXON)vs › | $33.85B | 1.09% | 0.27% | 2.42% | -0.79% |
| Ingersoll Rand Inc. (IR)vs › | $31.09B | 8.36% | 6.25% | 5.98% | 4.75% |
| EMCOR Group, Inc. (EME)vs › | $35.21B | 26.94% | 27.00% | 22.23% | 17.65% |
| Paychex, Inc. (PAYX)vs › | $35.35B | 21.08% | 18.61% | 25.57% | 26.74% |
| United Airlines Holdings, Inc. (UAL)vs › | $37.13B | 6.46% | 6.91% | 5.85% | 1.40% |
| Old Dominion Freight Line, Inc. (ODFL)vs › | $37.07B | 20.81% | 21.74% | 25.01% | 23.46% |
| Ferrovial SE (FER)vs › | $37.35B | 4.39% | 3.93% | 3.03% | 2.49% |
| nVent Electric plc (NVT)vs › | $27.55B | 10.66% | 6.55% | 6.97% | 6.06% |
ROIC
9.1%
ROE
12.9%
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) |
|---|---|
| 2025-12-31 | 9.13% |
| 2024-12-31 | 7.35% |
| 2023-12-31 | 5.89% |
| 2022-12-31 | 6.50% |
| 2021-12-31 | 5.10% |
| 2020-12-31 | 5.93% |
| 2019-12-31 | 6.49% |
| 2018-12-31 | 6.82% |
| 2017-12-31 | 9.32% |
| 2016-12-31 | 9.62% |
| 2015-12-31 | 8.44% |
| 2014-12-31 | 8.71% |
| 2013-12-31 | 8.25% |
| 2012-12-31 | 7.72% |
| 2011-12-31 | 4.55% |
| 2010-12-31 | 8.01% |
| 2009-12-31 | 12.26% |
| 2008-12-31 | 12.67% |
| 2007-12-31 | 5.93% |
| 2006-12-31 | 7.23% |
| 2005-12-31 | 4.29% |
| 2004-12-31 | 7.57% |
| 2003-12-31 | 6.50% |
| 2002-12-31 | 7.96% |
| 2001-12-31 | 7.26% |
| 2000-12-31 | -2.44% |
| 1999-12-31 | 12.46% |
| 1998-12-31 | 14.55% |
| 1997-12-31 | 13.51% |
| 1996-12-31 | 16.41% |
