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 9.26% is 29% above its 5-year average of 7.19%, around the middle of its 5-year range (-1.65%–15.61%).
As of the fiscal period ended Tuesday, June 30, 2026. 63.55% above its 12-month average of 5.66%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q3 FY2026 (2026-06-30): 9.26%.
RETURN ON INVESTED CAPITAL (ROIC)
9.26%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
5.66%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
9.13%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
7.19%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
6.32%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
5.95%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
4.16%
CURRENT VS TTM AVG
+63.55%
CURRENT VS 3Y AVG
+1.38%
CURRENT VS 5Y AVG
+28.89%
CURRENT VS 10Y AVG
+46.56%
CURRENT VS 15Y AVG
+55.64%
CURRENT VS 20Y AVG
+122.42%
SECTOR MEDIAN · INDUSTRIALS
3.25%
median of 465 covered companies
CURRENT VS SECTOR MEDIAN
+184.95%
vs the sector median at left
Energy Services of America Corporation
Market Cap
$211.04M
Return on Invested Capital (ROIC)
9.26%
TTM Avg
5.66%
3Y Avg
9.13%
5Y Avg
7.19%
Market Cap
$216.32M
Return on Invested Capital (ROIC)
8.83%
TTM Avg
20.62%
3Y Avg
9.25%
5Y Avg
-7.12%
Market Cap
$205.34M
Return on Invested Capital (ROIC)
-2.85%
TTM Avg
-2.40%
3Y Avg
-2.50%
5Y Avg
-11.09%
Market Cap
$217.90M
Return on Invested Capital (ROIC)
-2.26%
TTM Avg
0.56%
3Y Avg
2.28%
5Y Avg
3.37%
Market Cap
$203.73M
Return on Invested Capital (ROIC)
-4.56%
TTM Avg
-5.36%
3Y Avg
-10.93%
5Y Avg
-12.53%
Market Cap
$194.08M
Return on Invested Capital (ROIC)
7.00%
TTM Avg
11.42%
3Y Avg
12.37%
5Y Avg
8.12%
Market Cap
$191.47M
Return on Invested Capital (ROIC)
2.41%
TTM Avg
1.60%
3Y Avg
-0.95%
5Y Avg
-0.54%
Market Cap
$234.85M
Return on Invested Capital (ROIC)
0.25%
TTM Avg
1.81%
3Y Avg
2.56%
5Y Avg
3.84%
Market Cap
$182.48M
Return on Invested Capital (ROIC)
-24.39%
TTM Avg
-159.21%
3Y Avg
-694.94%
5Y Avg
-473.61%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Energy Services of America Corporation (ESOA) | $211.04M | 9.26% | 5.66% | 9.13% | 7.19% |
| FreightCar America, Inc. (RAIL)vs › | $216.32M | 8.83% | 20.62% | 9.25% | -7.12% |
| AIRO Group Holdings, Inc. Common Stock (AIRO)vs › | $205.34M | -2.85% | -2.40% | -2.50% | -11.09% |
| Forrester Research, Inc. (FORR)vs › | $217.90M | -2.26% | 0.56% | 2.28% | 3.37% |
| Microvast Holdings, Inc. (MVST)vs › | $203.73M | -4.56% | -5.36% | -10.93% | -12.53% |
| Taylor Devices, Inc. (TAYD)vs › | $194.08M | 7.00% | 11.42% | 12.37% | 8.12% |
| Ampco-Pittsburgh Corp. (AP)vs › | $191.47M | 2.41% | 1.60% | -0.95% | -0.54% |
| AerSale Corporation (ASLE)vs › | $234.85M | 0.25% | 1.81% | 2.56% | 3.84% |
| Draganfly Inc. (DPRO)vs › | $182.48M | -24.39% | -159.21% | -694.94% | -473.61% |
| Lightbridge Corporation (LTBR)vs › | $240.41M | -12.26% | -21.83% | -25.42% | -31.16% |
ROIC
9.3%
ROE
12.4%
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 | 9.26% |
| 2026-03-31 | 9.16% |
| 2025-12-31 | 3.75% |
| 2025-09-30 | 1.67% |
| 2025-06-30 | 4.48% |
| 2025-03-31 | 7.38% |
| 2024-12-31 | 10.42% |
| 2024-09-30 | 14.76% |
| 2024-06-30 | 15.61% |
| 2024-03-31 | 13.24% |
| 2023-12-31 | 13.27% |
| 2023-09-30 | 10.50% |
| 2023-06-30 | 5.26% |
| 2023-03-31 | 2.99% |
| 2022-12-31 | 4.54% |
| 2022-09-30 | 5.45% |
| 2022-06-30 | 7.20% |
| 2022-03-31 | 5.63% |
| 2021-12-31 | 2.76% |
| 2021-09-30 | -1.65% |
| 2021-06-30 | 5.20% |
| 2021-03-31 | 4.54% |
| 2020-12-31 | 4.04% |
| 2020-09-30 | 5.69% |
| 2020-06-30 | 0.98% |
| 2020-03-31 | 2.82% |
| 2019-12-31 | 4.78% |
| 2019-09-30 | 5.59% |
| 2019-06-30 | 5.81% |
| 2019-03-31 | 7.60% |
| 2018-12-31 | 8.34% |
| 2018-09-30 | 7.13% |
| 2018-06-30 | 3.42% |
| 2018-03-31 | -7.04% |
| 2017-12-31 | -4.84% |
| 2017-09-30 | 0.84% |
| 2017-06-30 | 2.92% |
| 2017-03-31 | 11.66% |
| 2016-12-31 | 11.91% |
| 2016-09-30 | 9.28% |
| 2016-06-30 | 9.36% |
| 2016-03-31 | 9.40% |
| 2015-12-31 | 8.92% |
| 2015-09-30 | 6.79% |
| 2015-06-30 | 8.42% |
| 2015-03-31 | 5.44% |
| 2014-12-31 | 6.22% |
| 2014-09-30 | 6.70% |
| 2014-06-30 | 5.47% |
| 2014-03-31 | 6.13% |
| 2013-12-31 | 5.89% |
| 2013-09-30 | 5.55% |
| 2013-06-30 | -124.99% |
| 2013-03-31 | -105.79% |
| 2012-12-31 | -106.29% |
| 2012-09-30 | -99.09% |
| 2012-06-30 | -5.19% |
| 2012-03-31 | -3.18% |
| 2011-12-31 | -7.32% |
| 2011-09-30 | -6.82% |
| 2011-06-30 | 2.00% |
| 2011-03-31 | 5.87% |
| 2010-12-31 | 5.93% |
| 2010-09-30 | 6.64% |
| 2010-06-30 | 1.95% |
| 2010-03-31 | -2.54% |
| 2009-12-31 | -2.78% |
| 2009-09-30 | -7.79% |
| 2009-06-30 | -3.18% |
| 2009-03-31 | -4.37% |
| 2008-12-31 | 0.05% |
| 2008-09-30 | 1.76% |
| 2008-06-30 | -0.39% |
| 2008-03-31 | -0.52% |
| 2007-12-31 | -0.47% |
| 2007-09-30 | -0.48% |
