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 10.74% is 55% above its 5-year average of 6.92%, near the low end of its 5-year range (0.96%–43.10%).
As of the fiscal period ended Tuesday, June 30, 2026. 61.17% above its 12-month average of 6.67%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q1 FY2027 (2026-06-30): 10.74%.
RETURN ON INVESTED CAPITAL (ROIC)
10.74%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
6.67%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
6.45%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
6.92%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
3.80%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
4.67%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
6.69%
CURRENT VS TTM AVG
+61.17%
CURRENT VS 3Y AVG
+66.55%
CURRENT VS 5Y AVG
+55.22%
CURRENT VS 10Y AVG
+183.01%
CURRENT VS 15Y AVG
+130.04%
CURRENT VS 20Y AVG
+60.63%
SECTOR MEDIAN · BASIC MATERIALS
5.56%
median of 118 covered companies
CURRENT VS SECTOR MEDIAN
+93.04%
vs the sector median at left
Friedman Industries, Incorporated
Market Cap
$302.37M
Return on Invested Capital (ROIC)
10.74%
TTM Avg
6.67%
3Y Avg
6.45%
5Y Avg
6.92%
Market Cap
$293.82M
Return on Invested Capital (ROIC)
10.48%
TTM Avg
-6.50%
3Y Avg
-8.62%
5Y Avg
-3.79%
Market Cap
$315.22M
Return on Invested Capital (ROIC)
-40.96%
TTM Avg
-9.59%
3Y Avg
-11.86%
5Y Avg
-12.57%
Market Cap
$361.34M
Return on Invested Capital (ROIC)
-17.29%
TTM Avg
-20.73%
3Y Avg
-38.45%
5Y Avg
-38.33%
Market Cap
$221.28M
Return on Invested Capital (ROIC)
2.79%
TTM Avg
7.06%
3Y Avg
22.67%
5Y Avg
19.82%
Market Cap
$406.06M
Return on Invested Capital (ROIC)
-23.05%
TTM Avg
-20.34%
3Y Avg
-32.06%
5Y Avg
-32.06%
Market Cap
$189.84M
Return on Invested Capital (ROIC)
3.14%
TTM Avg
0.31%
3Y Avg
3.18%
5Y Avg
8.68%
Market Cap
$160.04M
Return on Invested Capital (ROIC)
-63.94%
TTM Avg
-67.18%
3Y Avg
-54.79%
5Y Avg
-58.98%
Market Cap
$467.93M
Return on Invested Capital (ROIC)
-78.70%
TTM Avg
-2.83%
3Y Avg
2.64%
5Y Avg
10.90%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Friedman Industries, Incorporated (FRD) | $302.37M | 10.74% | 6.67% | 6.45% | 6.92% |
| Alto Ingredients, Inc. (ALTO)vs › | $293.82M | 10.48% | -6.50% | -8.62% | -3.79% |
| Gevo, Inc. (GEVO)vs › | $315.22M | -40.96% | -9.59% | -11.86% | -12.57% |
| ASP Isotopes Inc. Common Stock (ASPI)vs › | $361.34M | -17.29% | -20.73% | -38.45% | -38.33% |
| Hudson Technologies, Inc. (HDSN)vs › | $221.28M | 2.79% | 7.06% | 22.67% | 19.82% |
| Blue Moon Metals Inc. (BMM)vs › | $406.06M | -23.05% | -20.34% | -32.06% | -32.06% |
| Hongli Group Inc. (HLP)vs › | $189.84M | 3.14% | 0.31% | 3.18% | 8.68% |
| 5E Advanced Materials Inc. (FEAM)vs › | $160.04M | -63.94% | -67.18% | -54.79% | -58.98% |
| Algoma Steel Group Inc. (ASTL)vs › | $467.93M | -78.70% | -2.83% | 2.64% | 10.90% |
| Ascent Industries Co. (ACNT)vs › | $124.41M | -6.68% | -5.39% | -7.89% | -6.52% |
ROIC
10.7%
ROE
16.4%
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 | 10.74% |
| 2026-03-31 | 7.27% |
| 2025-12-31 | 6.03% |
| 2025-09-30 | 4.52% |
| 2025-06-30 | 4.77% |
| 2025-03-31 | 1.08% |
| 2024-12-31 | 1.59% |
| 2024-09-30 | 4.95% |
| 2024-06-30 | 5.18% |
| 2024-03-31 | 10.37% |
| 2023-12-31 | 10.79% |
| 2023-09-30 | 8.05% |
| 2023-06-30 | 8.52% |
| 2023-03-31 | 10.35% |
| 2022-12-31 | 3.38% |
| 2022-09-30 | 0.96% |
| 2022-06-30 | 7.92% |
| 2022-03-31 | 18.12% |
| 2021-12-31 | 33.81% |
| 2021-09-30 | 43.10% |
| 2021-06-30 | 31.50% |
| 2021-03-31 | 17.50% |
| 2020-12-31 | 2.42% |
| 2020-09-30 | -3.26% |
| 2020-06-30 | -5.74% |
| 2020-03-31 | -3.69% |
| 2019-12-31 | -4.25% |
| 2019-09-30 | -1.39% |
| 2019-06-30 | 3.61% |
| 2019-03-31 | 8.18% |
| 2018-12-31 | 11.03% |
| 2018-09-30 | 10.36% |
| 2018-06-30 | 8.29% |
| 2018-03-31 | 4.36% |
| 2017-12-31 | 0.70% |
| 2017-09-30 | -0.37% |
| 2017-06-30 | -2.69% |
| 2017-03-31 | -6.91% |
| 2016-12-31 | -7.38% |
| 2016-09-30 | -6.12% |
| 2016-06-30 | -5.00% |
| 2016-03-31 | 0.03% |
| 2015-12-31 | 0.17% |
| 2015-09-30 | 0.07% |
| 2015-06-30 | 1.52% |
| 2015-03-31 | 0.54% |
| 2014-12-31 | 1.83% |
| 2014-09-30 | 2.29% |
| 2014-06-30 | 1.17% |
| 2014-03-31 | 2.59% |
| 2013-12-31 | 3.94% |
| 2013-09-30 | 5.00% |
| 2013-06-30 | 7.46% |
| 2013-03-31 | 9.49% |
| 2012-12-31 | 11.07% |
| 2012-09-30 | 11.52% |
| 2012-06-30 | 12.67% |
| 2012-03-31 | 12.50% |
| 2011-12-31 | 14.36% |
| 2011-09-30 | 14.47% |
| 2011-06-30 | 13.94% |
| 2011-03-31 | 13.50% |
| 2010-12-31 | 10.40% |
| 2010-09-30 | 6.99% |
| 2010-06-30 | 3.75% |
| 2010-03-31 | 1.05% |
| 2009-12-31 | -2.05% |
| 2009-09-30 | 6.75% |
| 2009-06-30 | 16.62% |
| 2009-03-31 | 23.75% |
| 2008-12-31 | 26.44% |
| 2008-09-30 | 21.04% |
| 2008-06-30 | 13.86% |
| 2008-03-31 | 8.42% |
| 2007-12-31 | 9.74% |
| 2007-09-30 | 11.44% |
| 2007-06-30 | 12.65% |
| 2007-03-31 | 14.33% |
| 2006-12-31 | 16.26% |
| 2006-09-30 | 17.30% |
| 2006-06-30 | 18.58% |
| 2006-03-31 | 16.70% |
| 2005-12-31 | 13.99% |
| 2005-09-30 | 13.28% |
| 2005-06-30 | 14.77% |
| 2005-03-31 | 16.42% |
| 2004-12-31 | 18.99% |
| 2004-09-30 | 14.71% |
| 2004-06-30 | 10.57% |
| 2004-03-31 | 7.54% |
| 2003-12-31 | 3.81% |
| 2003-09-30 | 4.20% |
| 2003-06-30 | 4.70% |
