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 18.82% is in line with its 5-year average of 20.70%, near the low end of its 5-year range (16.89%–24.10%).
As of the fiscal period ended Friday, June 26, 2026. 7.30% above its 12-month average of 17.54%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-26): 18.82%.
RETURN ON INVESTED CAPITAL (ROIC)
18.82%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
17.54%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
19.65%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
20.70%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
21.20%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
19.58%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
20.50%
CURRENT VS TTM AVG
+7.30%
CURRENT VS 3Y AVG
-4.20%
CURRENT VS 5Y AVG
-9.09%
CURRENT VS 10Y AVG
-11.21%
CURRENT VS 15Y AVG
-3.88%
CURRENT VS 20Y AVG
-8.17%
SECTOR MEDIAN · INDUSTRIALS
9.01%
median of 163 covered companies
CURRENT VS SECTOR MEDIAN
+108.90%
vs the sector median at left
Graco Inc.
Market Cap
$12.63B
Return on Invested Capital (ROIC)
18.82%
TTM Avg
17.54%
3Y Avg
19.65%
5Y Avg
20.70%
Market Cap
$12.69B
Return on Invested Capital (ROIC)
17.08%
TTM Avg
15.92%
3Y Avg
15.93%
5Y Avg
14.44%
Market Cap
$12.76B
Return on Invested Capital (ROIC)
6.95%
TTM Avg
7.60%
3Y Avg
8.15%
5Y Avg
10.34%
Market Cap
$12.36B
Return on Invested Capital (ROIC)
7.59%
TTM Avg
10.11%
3Y Avg
11.07%
5Y Avg
12.05%
Market Cap
$12.31B
Return on Invested Capital (ROIC)
23.32%
TTM Avg
29.84%
3Y Avg
31.02%
5Y Avg
31.54%
Market Cap
$12.25B
Return on Invested Capital (ROIC)
13.49%
TTM Avg
16.11%
3Y Avg
20.03%
5Y Avg
19.49%
Market Cap
$13.11B
Return on Invested Capital (ROIC)
16.20%
TTM Avg
16.74%
3Y Avg
16.59%
5Y Avg
16.64%
Market Cap
$12.02B
Return on Invested Capital (ROIC)
10.04%
TTM Avg
11.46%
3Y Avg
8.25%
5Y Avg
7.23%
Market Cap
$13.29B
Return on Invested Capital (ROIC)
7.42%
TTM Avg
5.87%
3Y Avg
6.21%
5Y Avg
6.04%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Graco Inc. (GGG) | $12.63B | 18.82% | 17.54% | 19.65% | 20.70% |
| Applied Industrial Technologies, Inc. (AIT)vs › | $12.69B | 17.08% | 15.92% | 15.93% | 14.44% |
| Generac Holdings Inc. (GNRC)vs › | $12.76B | 6.95% | 7.60% | 8.15% | 10.34% |
| BWX Technologies, Inc. (BWXT)vs › | $12.36B | 7.59% | 10.11% | 11.07% | 12.05% |
| Lennox International Inc. (LII)vs › | $12.31B | 23.32% | 29.84% | 31.02% | 31.54% |
| Watsco, Inc. (WSO)vs › | $12.25B | 13.49% | 16.11% | 20.03% | 19.49% |
| Allegion plc (ALLE)vs › | $13.11B | 16.20% | 16.74% | 16.59% | 16.64% |
| Crane Company (CR)vs › | $12.02B | 10.04% | 11.46% | 8.25% | 7.23% |
| Textron Inc. (TXT)vs › | $13.29B | 7.42% | 5.87% | 6.21% | 6.04% |
| Stanley Black & Decker, Inc. (SWK)vs › | $13.79B | 5.92% | 6.46% | 6.34% | 6.54% |
ROIC
18.8%
ROE
21.1%
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) |
|---|---|
| 2026-06-26 | 18.82% |
| 2026-03-27 | 16.96% |
| 2025-12-26 | 17.55% |
| 2025-09-26 | 16.89% |
| 2025-06-27 | 17.48% |
| 2025-03-28 | 17.78% |
| 2024-12-27 | 17.03% |
| 2024-09-27 | 19.23% |
| 2024-06-28 | 20.54% |
| 2024-03-29 | 22.57% |
| 2023-12-31 | 24.10% |
| 2023-09-29 | 23.72% |
| 2023-06-30 | 22.72% |
| 2023-03-31 | 22.19% |
| 2022-12-31 | 22.64% |
| 2022-09-30 | 23.15% |
| 2022-07-01 | 22.81% |
| 2022-04-01 | 23.36% |
| 2021-12-31 | 22.37% |
| 2021-09-24 | 22.14% |
| 2021-06-25 | 24.13% |
| 2021-03-26 | 20.81% |
| 2020-12-31 | 20.46% |
| 2020-09-25 | 18.48% |
| 2020-06-26 | 17.22% |
| 2020-03-27 | 20.76% |
| 2019-12-31 | 25.42% |
| 2019-09-27 | 25.90% |
| 2019-06-28 | 26.37% |
| 2019-03-29 | 28.46% |
| 2018-12-31 | 30.60% |
| 2018-09-28 | 26.16% |
| 2018-06-29 | 24.77% |
| 2018-03-30 | 23.48% |
| 2017-12-31 | 22.77% |
| 2017-09-29 | 10.19% |
| 2017-06-30 | 8.69% |
| 2017-03-31 | 6.67% |
| 2016-12-31 | 5.83% |
| 2016-09-23 | 16.76% |
| 2016-06-24 | 15.82% |
| 2016-03-25 | 16.55% |
| 2015-12-31 | 18.14% |
| 2015-09-25 | 18.04% |
| 2015-06-26 | 18.25% |
| 2015-03-27 | 13.80% |
| 2014-12-31 | 16.08% |
| 2014-09-26 | 16.93% |
| 2014-06-27 | 16.25% |
| 2014-03-28 | 15.99% |
| 2013-12-31 | 17.48% |
| 2013-09-27 | 17.03% |
| 2013-06-28 | 15.59% |
| 2013-03-29 | 14.13% |
| 2012-12-31 | 13.09% |
| 2012-09-28 | 12.48% |
| 2012-06-29 | 12.43% |
| 2012-03-30 | 18.61% |
| 2011-12-31 | 19.82% |
| 2011-09-30 | 20.02% |
| 2011-07-01 | 23.33% |
| 2011-04-01 | 22.44% |
| 2010-12-31 | 25.31% |
| 2010-09-24 | 23.18% |
| 2010-06-25 | 20.24% |
| 2009-06-26 | 14.15% |
| 2009-03-27 | 20.32% |
| 2008-12-31 | 26.59% |
| 2008-09-26 | 30.07% |
| 2008-06-27 | 30.62% |
| 2008-03-31 | 32.72% |
| 2007-12-31 | 36.12% |
| 2007-09-28 | 35.33% |
| 2007-06-29 | 33.43% |
| 2007-03-28 | 34.60% |
| 2006-12-31 | 37.62% |
| 2006-09-29 | 36.77% |
| 2006-06-30 | 37.61% |
| 2006-03-31 | 37.33% |
| 2005-12-31 | 37.09% |
| 2005-09-30 | 36.82% |
| 2005-07-01 | 34.30% |
| 2005-04-01 | 33.52% |
| 2004-12-31 | 38.86% |
| 2004-09-24 | 38.92% |
| 2004-06-25 | 38.84% |
| 2004-03-26 | 39.67% |
| 2003-12-31 | 40.88% |
| 2003-09-26 | 28.58% |
| 2003-06-27 | 30.23% |
