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 28.17% is in line with its 5-year average of 26.95%, near the high end of its 5-year range (24.75%–29.31%).
As of the fiscal period ended Wednesday, December 31, 2025. 1.15% above its 12-month average of 27.85%.
Annual fiscal-year return on invested capital; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
28.17%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
27.85%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
28.02%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
26.95%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
25.36%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
24.85%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
24.32%
CURRENT VS TTM AVG
+1.15%
CURRENT VS 3Y AVG
+0.54%
CURRENT VS 5Y AVG
+4.54%
CURRENT VS 10Y AVG
+11.07%
CURRENT VS 15Y AVG
+13.34%
CURRENT VS 20Y AVG
+15.83%
SECTOR MEDIAN · INDUSTRIALS
9.03%
median of 133 covered companies
CURRENT VS SECTOR MEDIAN
+211.96%
vs the sector median at left
Fastenal Company
Market Cap
$53.96B
Return on Invested Capital (ROIC)
28.17%
TTM Avg
27.85%
3Y Avg
28.02%
5Y Avg
26.95%
Market Cap
$52.59B
Return on Invested Capital (ROIC)
1.89%
TTM Avg
1.48%
3Y Avg
-6.32%
5Y Avg
-6.80%
Market Cap
$55.46B
Return on Invested Capital (ROIC)
10.99%
TTM Avg
11.06%
3Y Avg
10.83%
5Y Avg
10.33%
Market Cap
$55.93B
Return on Invested Capital (ROIC)
5.14%
TTM Avg
5.24%
3Y Avg
5.14%
5Y Avg
5.34%
Market Cap
$55.94B
Return on Invested Capital (ROIC)
8.30%
TTM Avg
8.46%
3Y Avg
7.73%
5Y Avg
2.74%
Market Cap
$51.43B
Return on Invested Capital (ROIC)
13.71%
TTM Avg
13.05%
3Y Avg
14.13%
5Y Avg
13.66%
Market Cap
$51.10B
Return on Invested Capital (ROIC)
7.64%
TTM Avg
7.77%
3Y Avg
6.65%
5Y Avg
5.74%
Market Cap
$57.21B
Return on Invested Capital (ROIC)
5.41%
TTM Avg
4.52%
3Y Avg
5.71%
5Y Avg
7.16%
Market Cap
$48.53B
Return on Invested Capital (ROIC)
11.05%
TTM Avg
10.48%
3Y Avg
9.84%
5Y Avg
10.04%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Fastenal Company (FAST) | $53.96B | 28.17% | 27.85% | 28.02% | 26.95% |
| Bloom Energy Corporation (BE)vs › | $52.59B | 1.89% | 1.48% | -6.32% | -6.80% |
| AMETEK, Inc. (AME)vs › | $55.46B | 10.99% | 11.06% | 10.83% | 10.33% |
| L3Harris Technologies, Inc. (LHX)vs › | $55.93B | 5.14% | 5.24% | 5.14% | 5.34% |
| Delta Air Lines, Inc. (DAL)vs › | $55.94B | 8.30% | 8.46% | 7.73% | 2.74% |
| Rockwell Automation, Inc. (ROK)vs › | $51.43B | 13.71% | 13.05% | 14.13% | 13.66% |
| Westinghouse Air Brake Technologies Corporation (WAB)vs › | $51.10B | 7.64% | 7.77% | 6.65% | 5.74% |
| Carrier Global Corporation (CARR)vs › | $57.21B | 5.41% | 4.52% | 5.71% | 7.16% |
| HEICO Corporation (HEI-A)vs › | $48.53B | 11.05% | 10.48% | 9.84% | 10.04% |
| Old Dominion Freight Line, Inc. (ODFL)vs › | $48.45B | 19.91% | 21.74% | 25.01% | 23.46% |
ROIC
28.2%
ROE
33.2%
ROIC = NOPAT / Invested Capital
Return on invested capital measures the after-tax return a company earns on all capital (debt and equity) invested in the business.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | RETURN ON INVESTED CAPITAL (ROIC) |
|---|---|
| 2025-12-31 | 28.17% |
| 2024-12-31 | 27.53% |
| 2023-12-31 | 29.31% |
| 2022-12-31 | 27.07% |
| 2021-12-31 | 24.75% |
| 2020-12-31 | 24.85% |
| 2019-12-31 | 23.87% |
| 2018-12-31 | 26.37% |
| 2017-12-31 | 22.80% |
| 2016-12-31 | 20.94% |
| 2015-12-31 | 23.32% |
| 2014-12-31 | 23.83% |
| 2013-12-31 | 24.41% |
| 2012-12-31 | 26.28% |
| 2011-12-31 | 23.89% |
| 2010-12-31 | 20.27% |
| 2009-12-31 | 15.18% |
| 2008-12-31 | 24.14% |
| 2007-12-31 | 22.59% |
| 2006-12-31 | 21.22% |
| 2005-12-31 | 20.80% |
| 2004-12-31 | 18.63% |
| 2003-12-31 | 14.12% |
| 2002-12-31 | 14.38% |
| 2001-12-31 | 15.86% |
| 2000-12-31 | 21.75% |
| 1999-12-31 | 22.82% |
| 1998-12-31 | 23.85% |
| 1997-12-31 | 22.17% |
| 1996-12-31 | 23.61% |
