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 30.16% is in line with its 5-year average of 28.03%, near the high end of its 5-year range (24.61%–30.16%).
As of the fiscal period ended Tuesday, June 30, 2026. 4.70% above its 12-month average of 28.81%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
30.16%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
28.81%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
28.76%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
28.03%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
25.81%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
25.23%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
24.51%
CURRENT VS TTM AVG
+4.70%
CURRENT VS 3Y AVG
+4.89%
CURRENT VS 5Y AVG
+7.62%
CURRENT VS 10Y AVG
+16.87%
CURRENT VS 15Y AVG
+19.53%
CURRENT VS 20Y AVG
+23.05%
SECTOR MEDIAN · INDUSTRIALS
9.55%
median of 154 covered companies
CURRENT VS SECTOR MEDIAN
+215.67%
vs the sector median at left
Fastenal Company
Market Cap
$56.33B
Return on Invested Capital (ROIC)
30.16%
TTM Avg
28.81%
3Y Avg
28.76%
5Y Avg
28.03%
Market Cap
$57.51B
Return on Invested Capital (ROIC)
38.80%
TTM Avg
30.55%
3Y Avg
25.18%
5Y Avg
20.85%
Market Cap
$54.38B
Return on Invested Capital (ROIC)
11.38%
TTM Avg
11.11%
3Y Avg
10.87%
5Y Avg
10.37%
Market Cap
$60.42B
Return on Invested Capital (ROIC)
27.07%
TTM Avg
28.31%
3Y Avg
29.26%
5Y Avg
26.11%
Market Cap
$52.13B
Return on Invested Capital (ROIC)
7.63%
TTM Avg
8.59%
3Y Avg
7.85%
5Y Avg
2.05%
Market Cap
$63.81B
Return on Invested Capital (ROIC)
16.02%
TTM Avg
14.51%
3Y Avg
12.68%
5Y Avg
11.40%
Market Cap
$48.65B
Return on Invested Capital (ROIC)
22.59%
TTM Avg
22.59%
3Y Avg
22.59%
5Y Avg
22.59%
Market Cap
$48.62B
Return on Invested Capital (ROIC)
5.03%
TTM Avg
4.58%
3Y Avg
5.74%
5Y Avg
7.20%
Market Cap
$64.12B
Return on Invested Capital (ROIC)
5.87%
TTM Avg
8.32%
3Y Avg
10.45%
5Y Avg
8.19%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Fastenal Company (FAST) | $56.33B | 30.16% | 28.81% | 28.76% | 28.03% |
| Comfort Systems USA, Inc. (FIX)vs › | $57.51B | 38.80% | 30.55% | 25.18% | 20.85% |
| AMETEK, Inc. (AME)vs › | $54.38B | 11.38% | 11.11% | 10.87% | 10.37% |
| W.W. Grainger, Inc. (GWW)vs › | $60.42B | 27.07% | 28.31% | 29.26% | 26.11% |
| Delta Air Lines, Inc. (DAL)vs › | $52.13B | 7.63% | 8.59% | 7.85% | 2.05% |
| TransDigm Group Incorporated (TDG)vs › | $63.81B | 16.02% | 14.51% | 12.68% | 11.40% |
| Honeywell Aerospace Inc (HONA)vs › | $48.65B | 22.59% | 22.59% | 22.59% | 22.59% |
| Carrier Global Corporation (CARR)vs › | $48.62B | 5.03% | 4.58% | 5.74% | 7.20% |
| PACCAR Inc (PCAR)vs › | $64.12B | 5.87% | 8.32% | 10.45% | 8.19% |
| United Rentals, Inc. (URI)vs › | $64.66B | 11.11% | 11.32% | 11.51% | 10.67% |
ROIC
30.2%
ROE
33.2%
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 | 30.16% |
| 2026-03-31 | 29.45% |
| 2025-12-31 | 28.87% |
| 2025-09-30 | 28.04% |
| 2025-06-30 | 27.51% |
| 2025-03-31 | 27.72% |
| 2024-12-31 | 28.20% |
| 2024-09-30 | 28.11% |
| 2024-06-30 | 28.87% |
| 2024-03-31 | 29.79% |
| 2023-12-31 | 30.04% |
| 2023-09-30 | 28.66% |
| 2023-06-30 | 28.42% |
| 2023-03-31 | 28.71% |
| 2022-12-31 | 27.70% |
| 2022-09-30 | 27.20% |
| 2022-06-30 | 26.38% |
| 2022-03-31 | 26.39% |
| 2021-12-31 | 25.36% |
| 2021-09-30 | 24.95% |
| 2021-06-30 | 24.61% |
| 2021-03-31 | 25.32% |
| 2020-12-31 | 25.53% |
| 2020-09-30 | 23.94% |
| 2020-06-30 | 24.37% |
| 2020-03-31 | 24.06% |
| 2019-12-31 | 24.59% |
| 2019-09-30 | 24.28% |
| 2019-06-30 | 24.00% |
| 2019-03-31 | 25.21% |
| 2018-12-31 | 26.37% |
| 2018-09-30 | 26.76% |
| 2018-06-30 | 25.31% |
| 2018-03-31 | 23.69% |
| 2017-12-31 | 22.80% |
| 2017-09-30 | 21.42% |
| 2017-06-30 | 21.02% |
| 2017-03-31 | 21.07% |
| 2016-12-31 | 20.94% |
| 2016-09-30 | 20.72% |
| 2016-06-30 | 21.60% |
| 2016-03-31 | 23.01% |
| 2015-12-31 | 23.32% |
| 2015-09-30 | 24.17% |
| 2015-06-30 | 24.05% |
| 2015-03-31 | 24.80% |
| 2014-12-31 | 23.83% |
| 2014-09-30 | 22.94% |
| 2014-06-30 | 23.03% |
| 2014-03-31 | 24.22% |
| 2013-12-31 | 24.41% |
| 2013-09-30 | 24.85% |
| 2013-06-30 | 24.90% |
| 2013-03-31 | 25.34% |
| 2012-12-31 | 26.07% |
| 2012-09-30 | 24.01% |
| 2012-06-30 | 24.17% |
| 2012-03-31 | 23.99% |
| 2011-12-31 | 23.89% |
| 2011-09-30 | 23.41% |
| 2011-06-30 | 22.75% |
| 2011-03-31 | 21.92% |
| 2010-12-31 | 20.27% |
| 2010-09-30 | 18.89% |
| 2010-06-30 | 16.96% |
| 2010-03-31 | 15.78% |
| 2009-12-31 | 15.18% |
| 2009-09-30 | 16.79% |
| 2009-06-30 | 18.90% |
| 2009-03-31 | 22.56% |
| 2008-12-31 | 24.14% |
| 2008-09-30 | 23.99% |
| 2008-06-30 | 23.30% |
| 2008-03-21 | 23.29% |
| 2007-12-31 | 22.59% |
| 2007-09-30 | 21.65% |
| 2007-06-30 | 21.33% |
| 2007-03-31 | 21.41% |
| 2006-12-31 | 21.21% |
| 2006-09-30 | 21.56% |
| 2006-06-30 | 21.17% |
| 2006-03-31 | 21.63% |
| 2005-12-31 | 20.82% |
| 2005-09-30 | 21.02% |
| 2005-06-30 | 20.28% |
| 2005-03-31 | 19.59% |
| 2004-12-31 | 18.77% |
| 2004-09-30 | 17.73% |
| 2004-06-30 | 16.46% |
| 2004-03-31 | 14.65% |
| 2003-12-31 | 14.12% |
| 2003-09-30 | 13.90% |
| 2003-06-30 | 13.73% |
